Arts & Science Council Charlotte Mecklenburg Inc
- Assets
- $42.5m
- Revenue
- $11.6m
- Investments
- $30.7m
- Employees
- 50
- Location
- Charlotte, NC
- Founding
- 02/1961
- Data as of
- 06/2021
- EIN
- 56-0693436
Organization Overview
Arts & Science Council Charlotte Mecklenburg Inc is located in Charlotte, NC. The organization was established in 1961. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Arts & Science Council Charlotte Mecklenburg Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts & Science Council Charlotte Mecklenburg 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, Arts & Science Council Charlotte Mecklenburg Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $13.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arts & Science Council Charlotte Mecklenburg Inc has awarded 687 individual grants totaling $60,946,128. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTHE ARTS & SCIENCE COUNCIL INVESTS IN PEOPLE, PROGRAMS AND IDEAS THAT MOVE US TOWARD A MORE EQUITABLE, SUSTAINABLE AND INNOVATIVE CREATIVE ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARTS & SCIENCE COUNCIL MAKES A VARIETY OF GRANTS AND FUNDS AN ARRAY OF SERVICES THAT CONTRIBUTE TO THE VITALITY AND SUSTAINABILITY OF THE REGIONAL CULTURAL SECTOR. THESE GRANTS AND SERVICES DIRECTLY ALIGN WITH ASC'S MISSION OF INVESTING IN PEOPLE, PROGRAMS AND IDEAS THAT MOVE US TOWARD A MORE EQUITABLE, SUSTAINABLE, AND INNOVATIVE CREATIVE ECOSYSTEM. ASC'S CULTURE BLOCKS PROGRAM CONNECTS COMMUNITIES WITH RESPONSIVE ARTS AND CULTURE EXPERIENCES CLOSE TO WHERE RESIDENTS LIVE. THE PROGRAM ENGAGES WITH CREATIVE INDIVIDUALS AND ORGANIZATIONS TO PRESENT PROGRAMS IN 10 GEOGRAPHIC AREAS IN MECKLENBURG COUNTY. (CONTINUED ON SCHEDULE O)THIS SERVICE DIRECTLY ALIGNS WITH HOW RESIDENTS WANT THE CULTURAL SECTOR TO SERVE THEM BY BUILDING COMMUNITY AND INCREASING CULTURAL PROGRAM RELEVANCE.
ASC'S ARTIST SUPPORT GRANTS FUND PROFESSIONAL AND ARTISTIC DEVELOPMENT FOR EMERGING AND ESTABLISHED ARTISTS TO ENHANCE THEIR SKILLS AND ABILITIES TO CREATE NEW WORK OR IMPROVE THEIR BUSINESS OPERATIONS AND CAPACITY TO BRING THEIR WORK TO NEW AUDIENCES.
THE ARTS & SCIENCE COUNCIL PROVIDES MANAGEMENT SERVICES FOR THE CITY OF CHARLOTTE, MECKLENBURG COUNTY, AND OTHER PRIVATE PARTNERS TO ENSURE EXCELLENCE AND RELEVANCE OF PUBLIC ART PROGRAMMING AND INSTALLATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Jeep Bryant President (thru 1/21) | Officer | 40 | $169,749 |
Krista Terrell President (current) | Officer | 40 | $157,026 |
Katherine Mooring Svp, Community Investment | 40 | $117,694 | |
Nina Schultz CFO (thru 3/21) | Officer | 40 | $104,113 |
Jeanne E Johnson Board Chair-Elect | OfficerTrustee | 3 | $0 |
Katrina Pride Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,215,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,331,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,546,800 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,600,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,484,009 |
| Grants and other assistance to domestic individuals. | $2,335,169 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $430,144 |
| Compensation of current officers, directors, key employees. | $266,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,250,035 |
| Pension plan accruals and contributions | $64,724 |
| Other employee benefits | $237,593 |
| Payroll taxes | $123,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,866 |
| Advertising and promotion | $104,868 |
| Office expenses | $9,592 |
| Information technology | $232,249 |
| Royalties | $0 |
| Occupancy | $339,381 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,367 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,265,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210 |
| Savings and temporary cash investments | $4,192,995 |
| Pledges and grants receivable | $3,249,129 |
| Accounts receivable, net | $3,000,000 |
| 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 | $3,960 |
| Net Land, buildings, and equipment | $1,384,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,688,306 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,519,495 |
| Accounts payable and accrued expenses | $816,110 |
| Grants payable | $0 |
| Deferred revenue | $3,423,520 |
| 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 | $610,310 |
| Other liabilities | $5,152,946 |
| Total liabilities | $10,002,886 |
| Net assets without donor restrictions | -$1,943,555 |
| Net assets with donor restrictions | $34,460,164 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $42,519,495 |
Grants Awarded
Over the last fiscal year, Arts & Science Council Charlotte Mecklenburg Inc has awarded $5,444,640 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: OPERATING SUPPORT GRANT | $509,494 |
Charlotte, NC PURPOSE: OPERATING SUPPORT GRANT, THRIVE FUND, TECHNICAL ASSISTANCE GRANT | $466,718 |
Charlotte, NC PURPOSE: CULTURE BLOCKS PROGRAM INVESTMENT, OPERATING SUPPORT GRANT, AT&T EDUCATION ENDOWMENT GRANT | $445,718 |
Charlotte, NC PURPOSE: CULTURE BLOCKS PROGRAM INVESTMENT, OPERATING SUPPORT GRANT | $438,593 |
Charlotte, NC PURPOSE: OPERATING SUPPORT GRANT | $317,059 |
Charlotte, NC PURPOSE: CULTURE BLOCKS PROGRAM INVESTMENT, OPERATING SUPPORT GRANT | $281,893 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Arts & Science Council Charlotte Mecklenburg Inc has recieved totaling $3,529,808.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $2,719,826 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $285,279 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $285,279 |
Gambrell Foundation Charlotte, NC PURPOSE: GENERAL PURPOSE | $150,900 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $59,705 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $27,134 |
Endowment Analysis
| Beg. Balance | $24,774,590 |
| Earnings | $7,283,934 |
| Admin Expense | $71,202 |
| Other Expense | $250,000 |
| Grants | $1,049,016 |
| Ending Balance | $30,688,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts & Science Council Charlotte Mecklenburg Inc Charlotte, NC | $42,519,495 | $11,600,726 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Inda Association Of The Non Woven Fabrics Industry Cary, NC | $9,846,018 | $4,859,607 |
Andreas H Bechtler Arts Foundation Charlotte, NC | $39,434,021 | $2,461,495 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
Georgia Association Of Manufacturers Inc Atlanta, GA | $2,700,140 | $2,292,406 |
The Center For Craft Creativity & Design Inc Asheville, NC | $15,329,103 | $2,386,393 |
Forward Arts Foundation Inc Atlanta, GA | $5,240,641 | $1,648,904 |
Southern Highland Handicraft Guild Inc Asheville, NC | $7,206,278 | $2,199,830 |
Mccoll Center For Art & Innovation Charlotte, NC | $14,043,354 | $2,439,387 |