Charlotte Center For Literary Arts Inc
- Assets
- $131.9k
- Revenue
- $346.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Charlotte, NC
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-4988291
Organization Overview
Charlotte Center For Literary Arts Inc, operating under the name Charlotte Lit, is located in Charlotte, NC. The organization was established in 2016. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Charlotte Lit employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Lit is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Charlotte Lit generated $346.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $339.7k during the year ending 12/2023. While expenses have increased by 14.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARLOTTE LIT'S MISSION IS TO CELEBRATE THE LITERARY ARTS BY EDUCATING AND ENGAGING WRITERS AND READERS THROUGH CLASSES, CONVERSATIONS, AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUTHORS LAB AND CHAPBOOK LABS ARE YEAR-LONG IMMERSIONS TO ASSIST WRITERS IN COMPLETING A NOVEL OR MEMOIR (AUTHORS LAB) OR A BOOK OF POETRY (CHAPBOOK LAB). WRITERS IN EACH COHORT ATTEND CRAFT CLASSES AS A GROUP, RECEIVE INDIVIDUAL COACHING AND FEEDBACK ON THEIR WRITING, AND EXPERIENCE EXTENSIVE SUPPORT FROM THEIR PEER GROUP. AUTHORS LAB HAD 23 WRITERS IN THE 2023 COHORT; CHAPBOOK LAB HAD 10. BOTH LAB PROGRAMS ARE FEE-BASED WITH SCHOLARSHIPS AVAILABLE.
CHARLOTTE LIT HOSTS A VARIETY OF LITERARY ARTS PROGRAMMING, MOST OF IT FREE AND OPEN TO THE PUBLIC. THESE INCLUDE COMMUNITY CONVERSATIONS, POETRY READINGS, AND SOCIAL EVENTS. PROGRAM EXPENSES IN THIS CATEGORY INCLUDE DIRECT EXPENSES FOR THE CATEGORY, PLUS GENERAL EXPENSES THAT CANNOT BE ATTRIBUTED DIRECTLY TO ONE OF THE OTHER LISTED PROGRAMS.
CHARLOTTE LIT PROVIDES MORE THAN 100 CLASSES PER YEAR, HALF OF THEM FREE. THREE-QUARTERS ARE TARGETED TO WRITERS WHO WISH TO IMPROVE THEIR CRAFT OR LEARN ABOUT THE BUSINESS SIDE OF BEING A WRITER, WITH ANOTHER QUARTER TARGETED TO ANYONE WHO APPRECIATES LITERATURE OR WANTS TO EXPLORE THEIR WORLD THROUGH LITERATURE. WEEKLY, CHARLOTTE LIT OFFERS A FREE WRITING SESSION CALLED PEN TO PAPER, WHICH DRAWS MORE THAN 1000 PEOPLE ANNUALLY.
CHARLOTTE LIT PRESS, THE PUBLISHING IMPRINT OF CHARLOTTE LIT, HELD THE SECOND LIT/SOUTH AWARDS, FOR WRITERS WHO RESIDE OR ONCE RESIDED IN NORTH CAROLINA AND ITS FOUR CONTIGUOUS STATES: SOUTH CAROLINA, VIRGINIA, GEORGIA, AND TENNESSEE. IN 2023, AWARDS WERE GIVEN IN THREE CATEGORIES: POETRY, FICTION, AND CREATIVE NONFICTION. 320 ENTRIES WERE RECEIVED, AND $7,000 IN PRIZES WERE AWARDED. WINNERS IN EACH CATEGORY, PLUS ALL POETRY FINALISTS AND SEMI-FINALISTS, WERE PUBLISHED IN THE SPRING 2023 ISSUE OF LITMOSPHERE: JOURNAL OF CHARLOTTE LIT. CHARLOTTE LIT PRESS ALSO BEGAN PUBLISHING POETRY COLLECTIONS: THREE CHAPBOOKS BY LOCAL WRITERS; AND A FULL COLLECTION BY ACCLAIMED POET LOLA HASKINS, WHICH WAS NAMED THE SOUTHERN LITERARY REVIEW POETRY BOOK OF THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Reali Co-Founder, Executive Director | Officer | 40 | $64,208 |
Kathryn Collins Co-Founder, Board Chair, Creative Director | Officer | 25 | $5,194 |
Edwin Williams Board Member | Trustee | 1 | $0 |
Marsha Rhee Board Member | Trustee | 1 | $0 |
Louanne Woznicki Board Member | Trustee | 1 | $0 |
Deborah Bosley Board Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,605 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,274 |
| Total Program Service Revenue | $140,022 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,008 |
| Compensation of current officers, directors, key employees. | $52,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,406 |
| Fees for services: Management | $11,300 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,400 |
| Advertising and promotion | $5,868 |
| Office expenses | $17,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,493 |
| Travel | $5,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,292 |
| All other expenses | $0 |
| Total functional expenses | $339,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,000 |
| Other assets | $0 |
| Total assets | $131,908 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,223 |
| Total liabilities | $1,223 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $130,685 |
| Total liabilities and net assets/fund balances | $131,908 |