United Arts Council Of Greater Greensboro Inc
- Assets
- $1.2m
- Revenue
- $966.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Greensboro, NC
- Founding
- 09/1962
- Data as of
- 06/2022
- EIN
- 56-0746180
Organization Overview
United Arts Council Of Greater Greensboro Inc, operating under the name Artsgreensboro, is located in Greensboro, NC. The organization was established in 1962. 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. As of 06/2022, Artsgreensboro employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artsgreensboro 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 06/2022, Artsgreensboro generated $966.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Artsgreensboro has awarded 241 individual grants totaling $5,131,944. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNITED ARTS COUNCIL OF GREATER GREENSBORO (DBA ARTSGREENSBORO) IS DEDICATED TO ELEVATING THE ARTS BY CREATING AWARENESS AND PROMOTING THE VIBRANCY OF OUR CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTSGREENSBORO, FOUNDED IN 1962, WAS INITIALLY ESTABLISHED AS A STEWARD OF FUNDING FOR THE ARTS COMMUNITY. TODAY, ARTSGREENSBORO NOT ONLY INVESTS IN MORE THAN 50 ARTS ORGANIZATIONS, PROJECTS, TEACHERS, AND ARTISTS BY AWARDING RESOURCES THROUGH A VARIETY OF COMPETITIVE GRANT PROGRAMS, BUT ALSO PROVIDES STRATEGIC LEADERSHIP, ADVOCACY, COLLABORATIVE INITIATIVES, MARKETING, AND PROMOTIONAL SERVICES, AND HAS SERVED AS AN "INCUBATOR" FOR MANY EMERGING ARTS ORGANIZATIONS SUCH AS THE NORTH CAROLINA FOLK FESTIVAL AND CASA AZUL. ARTSGREENSBORO MANAGED THE VAN DYKE PERFORMANCE SPACE LOCATED IN THE GREENSBORO CULTURAL CENTER AND THE HISTORIC STERNBERGER ARTISTS CENTER.
SHARED SERVICES PROVIDES BACK-OFFICE SUPPORT INCLUDING FINANCIAL STATEMENTS, BUDGET DEVELOPMENT, CASH FLOW ANALYSIS AND CONTRACT NEGOTIATIONS, AT BELOW-MARKET RATES FOR NON-PROFIT ARTS ORGANIZATIONS. THE PROGRAM IS A MEANS OF BUILDING INTERNAL CAPACITY WITHIN SMALL AND EMERGING ARTS ORGANIZATIONS, ASSISTING IN THEIR GROWTH AND LONG-TERM SUSTAINABILITY, AND PROVIDING AFFORDABLE ACCESS TO FINANCIAL PLANNING TOOLS.
STERNBERGER ARTISTS CENTER - OWNED AND OPERATED BY ARTSGREENSBORO TO PROVIDE LOW COST STUDIOS FOR ARTISTS. ARTSGREENSBORO IS RESPONSIBLE FOR THE OPERATING EXPENSES AND CAPITAL IMPROVEMENTS TO THE FACILITY, FUNDED IN PART BY RENTAL INCOME FROM THE STUDIOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Way President/ceo | Officer | 40 | $101,173 |
Art Winstead Board Treasurer | OfficerTrustee | 5 | $0 |
Rebecca Buffington Board Chair | OfficerTrustee | 5 | $0 |
Martha Thompson Board Secretary | OfficerTrustee | 3 | $0 |
Paul Baker Board Member | Trustee | 3 | $0 |
Nick Barrett Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $382,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $470,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $852,892 |
| Total Program Service Revenue | $67,600 |
| Investment income | $8,893 |
| 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 | $966,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $299,701 |
| Grants and other assistance to domestic individuals. | $55,823 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,246 |
| Compensation of current officers, directors, key employees. | $17,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,943 |
| Pension plan accruals and contributions | $9,698 |
| Other employee benefits | $31,071 |
| Payroll taxes | $30,242 |
| Fees for services: Management | $2,056 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,756 |
| Advertising and promotion | $47,940 |
| Office expenses | $65,869 |
| Information technology | $49,406 |
| Royalties | $0 |
| Occupancy | $18,802 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,491 |
| Interest | $1,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,579 |
| Insurance | $9,379 |
| All other expenses | $0 |
| Total functional expenses | $1,117,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,410 |
| Savings and temporary cash investments | $19,547 |
| Pledges and grants receivable | $123,240 |
| Accounts receivable, net | $27,626 |
| 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 | $22,316 |
| Net Land, buildings, and equipment | $273,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,747 |
| Total assets | $1,155,592 |
| Accounts payable and accrued expenses | $22,759 |
| 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 | $506,167 |
| Other liabilities | $0 |
| Total liabilities | $528,926 |
| Net assets without donor restrictions | $106,812 |
| Net assets with donor restrictions | $519,854 |
| 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 | $1,155,592 |
Grants Awarded
Over the last fiscal year, United Arts Council Of Greater Greensboro Inc has awarded $280,826 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
High Point, NC PURPOSE: FUND ALLOCATION | $39,712 |
Waynesville, NC PURPOSE: AG RELIEF GRANT | $10,770 |
Greensboro, NC PURPOSE: AG RELIEF GRANT | $10,735 |
Greensboro, NC PURPOSE: AG RELIEF GRANT | $10,655 |
Greensboro, NC PURPOSE: AG RELIEF GRANT | $10,230 |
Greeensboro, NC PURPOSE: AG RELIEF GRANT | $10,065 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that United Arts Council Of Greater Greensboro Inc has recieved totaling $178,604.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $78,554 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: ARTS PROGRAMS | $60,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $25,000 |
Vf Foundation Wilmington, DE PURPOSE: COMMUNITY ELEVATION GRANT PROGRAM | $15,000 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $42 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $8 |
Endowment Analysis
| Beg. Balance | $219,319 |
| Earnings | -$40,547 |
| Admin Expense | $3,025 |
| Net Contributions | $30,000 |
| Ending Balance | $205,747 |
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 |