Stokes County Arts Council Inc
- Assets
- $1.4m
- Revenue
- $403.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Danbury, NC
- Founding
- 07/1976
- Data as of
- 06/2021
- EIN
- 51-0189471
Organization Overview
Stokes County Arts Council Inc is located in Danbury, NC. The organization was established in 1976. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stokes County Arts Council Inc 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 06/2021, Stokes County Arts Council Inc generated $403.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $386.9k during the year ending 06/2021. While expenses have increased by 14.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE VISUAL AND PERFORMING ARTS IN STOKES COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND PROMOTE VISUAL AND PERFORMING ARTS IN STOKES COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kitty Ray Brown Secretary | OfficerTrustee | 1 | $0 |
Tory Mabe President | OfficerTrustee | 1 | $0 |
Ashley O'steen Treasurer | OfficerTrustee | 1 | $0 |
Andrew Young Vice Preside | OfficerTrustee | 1 | $0 |
Eddy Mcgee Executive Di | Officer | 40 | $0 |
Hayley Cox Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,113 |
| Investment income | $5,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$148 |
| Net Income from Fundraising Events | $8,315 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,642 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $17,828 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,071 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $31,620 |
| Insurance | $6,868 |
| All other expenses | $0 |
| Total functional expenses | $386,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,843 |
| Savings and temporary cash investments | $277,067 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,435,637 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $55,485 |
| 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 | $275 |
| Total liabilities | $55,760 |
| 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 |
| Total liabilities and net assets/fund balances | $1,379,877 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Stokes County Arts Council Inc has recieved totaling $3,323.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $2,000 |
Sam & Pam Hooker Foundation Westfield, NC PURPOSE: TO SUPPORT THE CONTINUATION OF THE CHARITABLE MISSION OF THIS ORGANIZATION | $700 |
Reynolds American Foundation Winston Salem, NC PURPOSE: CHARITABLE ACTIVITIES | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Arts Council Incorporated Winston-Salem Arts Council Winstonsalem, NC | $15,705,377 | $2,746,354 |
Chapman Cultural Center Inc Spartanburg, SC | $23,950,821 | $2,123,080 |
North Carolina Humanities Council Charlotte, NC | $2,197,159 | $2,458,418 |
Arts Council Of Fayetteville Fayetteville, NC | $3,779,003 | $2,578,724 |
United Arts Council Of Raleigh And Wake County Inc Raleigh, NC | $1,299,106 | $2,647,753 |
The Art League Inc Alexandria, VA | $1,163,966 | $1,385,812 |
Durham Arts Council Inc Durham, NC | $657,218 | $2,110,368 |
Metropolitan Arts Council Greenville, SC | $3,409,693 | $2,105,516 |
Arts Council Of Fairfax County Inc Fairfax, VA | $710,775 | $1,457,030 |
Cultureworks Inc Richmond, VA | $827,621 | $1,289,541 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC | $1,155,592 | $966,419 |