Charlotte Center For Literary Arts Inc
- Assets
- $117.4k
- Revenue
- $349.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Charlotte, NC
- Founding
- 03/2016
- Data as of
- 12/2022
- 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 12/2022, Charlotte Lit employed 5 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 12/2022, Charlotte Lit generated $349.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $363.1k during the year ending 12/2022. 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
2022
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 21 WRITERS IN THE 2022 COHORT; CHAPBOOK LAB HAD 11. BOTH LAB PROGRAMS ARE FEE-BASED WITH SCHOLARSHIPS AVAILABLE.
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 LAUNCHED THE 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 2022, AWARDS WERE GIVEN IN FOUR CATEGORIES: POETRY, FICTION, NONFICTION, AND FLASH. 450 ENTRIES WERE RECEIVED, AND $10,000 IN PRIZES WERE AWARDED. WINNERS IN EACH CATEGORY, PLUS ALL POETRY FINALISTS AND SEMI-FINALISTS, WERE PUBLISHED IN THE INAUGURAL ISSUE OF LITMOSPHERE: JOURNAL OF CHARLOTTE LIT.
CHARLOTTE LIT HOSTS A VARIETY OF LITERARY ARTS PROGRAMMING THAT DOES NOT GENERATE REVENUE. THESE INCLUDE COMMUNITY CONVERSATIONS, POETRY READINGS, AND SOCIAL EVENTS. PROGRAM EXPENSES ALLOCATED ACROSS THESE PROGRAMS, AND WHICH CANNOT BE ATTRIBUTED DIRECTLY TO ONE OF THE OTHER LISTED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Reali Co-Founder, Executive Manager | 40 | $60,450 | |
Kathryn Collins Co-Founder, Board Chair, Creative Director | Trustee | 30 | $8,350 |
Deborah Bosley Board Vice President And Treasurer | Trustee | 1 | $0 |
Edwin Williams Board Member | Trustee | 1 | $0 |
Marsha Rhee Board Member | Trustee | 1 | $0 |
Christine Arvidson Board Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,121 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,606 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,383 |
| Noncash contributions included in lines 1a–1f | $32,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,110 |
| Total Program Service Revenue | $118,972 |
| 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 | $349,082 |
| 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. | $52,000 |
| Compensation of current officers, directors, key employees. | $52,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,936 |
| Fees for services: Management | $7,963 |
| 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 | $92,330 |
| Advertising and promotion | $13,710 |
| Office expenses | $20,617 |
| Information technology | $2,617 |
| Royalties | $0 |
| Occupancy | $25,527 |
| Travel | $5,792 |
| 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 | $1,309 |
| All other expenses | $0 |
| Total functional expenses | $363,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,409 |
| 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 | $117,409 |
| 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 | $3,504 |
| Total liabilities | $3,504 |
| 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 | $113,905 |
| Total liabilities and net assets/fund balances | $117,409 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Charlotte Center For Literary Arts Inc has recieved totaling $46,119.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $19,062 |
Southminster Inc Charlotte, NC PURPOSE: FUNDING TO SUPPORT LITERACY ARTS PROGRAMMING IN CHARLOTTE, GOAL OF PROMOTING SCHOLARSHIPS AND PROGRAMMING TO BROADER AUDIENCES | $12,000 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC PURPOSE: FUND DRIVE | $10,000 |
The@sycamore Foundation New York, NY PURPOSE: GENERAL PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Pan Asian Community Services Inc Atlanta, GA | $9,262,133 | $12,836,968 |
National Humanities Center Research Triangle Park, NC | $81,630,091 | $12,139,201 |
Society Of Biblical Literature Atlanta, GA | $10,314,787 | $4,003,520 |
Humanities Tennessee Nashville, TN | $634,896 | $2,324,740 |
American Helicopter Society International Inc Fairfax, VA | $2,304,770 | $2,233,027 |
Glass Packaging Institute Arlington, VA | $1,054,008 | $1,926,864 |
Georgia Humanities Council Inc Atlanta, GA | $997,177 | $1,471,358 |
Ethics Resource Center Inc Vienna, VA | $3,189,792 | $2,796,560 |
Fed Of State Humanities Councils Arlington, VA | $1,672,955 | $1,107,693 |
Mens Health Network Vienna, VA | $2,791,100 | $1,306,034 |
William Foxwell Albright Institute Of Archaeological Research In Jeru Arlington, VA | $7,417,674 | $1,199,497 |
Heart Of Appalachia Tourism Authority St Paul, VA | $476,197 | $600,749 |