Wilkes Art Gallery Inc
- Assets
- $452.7k
- Revenue
- $263.1k
- Investments
- $0.0
- Employees
- 7
- Location
- North Wilkesboro, NC
- Founding
- 05/1973
- Data as of
- 06/2023
- EIN
- 56-1019359
Organization Overview
Wilkes Art Gallery Inc is located in North Wilkesboro, NC. The organization was established in 1973. 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 06/2023, Wilkes Art Gallery Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilkes Art Gallery 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 06/2023, Wilkes Art Gallery Inc generated $263.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $381.0k during the year ending 06/2023. 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
THE WILKES ART GALLERY PROVIDES ART EXHIBITS FROM A VARIETY OF ARTISTIC MEDIA. THEY ALSO ORGANIZE ART EDUCATION CLASSES AND PROGRAMS FOR STUDENTS AND ADULTS OF WILKES COUNTY, NC AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES
THE WILKES ART GALLERY PROVIDES ART EXHIBITS FROM A VARIETY OF ARTISTIC MEDIA. THEY ALSO ORGANIZE ART EDUCATION CLASSES AND PROGRAMS FOR STUDENTS AND ADULTS OF WILKES COUNTY, NC AND SURROUNDING AREAS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Revis Felts President | OfficerTrustee | $0 | |
Anna Pyke Vice Preside | OfficerTrustee | $0 | |
Joe Richardson Treasurer | OfficerTrustee | $0 | |
Barbara Stinson Hill Secretary | OfficerTrustee | $0 | |
Cuauhtemoc Herrejon Director | Trustee | $0 | |
Beverly Story Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,321 |
| Total Program Service Revenue | $86,439 |
| Investment income | $12,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,175 |
| 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 | $263,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,522 |
| 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. | $49,798 |
| Compensation of current officers, directors, key employees. | $24,899 |
| Compensation to disqualified persons | $7,295 |
| Other salaries and wages | $52,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $596 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,970 |
| Office expenses | $15,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,853 |
| 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 | $59,196 |
| Insurance | $4,323 |
| All other expenses | $12,096 |
| Total functional expenses | $380,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,399 |
| Savings and temporary cash investments | $111,594 |
| 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 | $73,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,239 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,682 |
| 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 | $2,952 |
| Total liabilities | $2,952 |
| 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 | $449,730 |
| Total liabilities and net assets/fund balances | $452,682 |
Grants Awarded
Over the last fiscal year, Wilkes Art Gallery Inc has awarded $26,941 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILKES HERITAGE MUSEUM INC PURPOSE: SUPPORT PROGRAMS | $5,600 |
WILKES PLAYMAKERS INC PURPOSE: SUPPORT PROGRAMS | $21,341 |