Caldwell Arts Council Inc
- Assets
- $1.0m
- Revenue
- $421.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Lenoir, NC
- Founding
- 10/1978
- Data as of
- 06/2024
- EIN
- 56-1192344
Organization Overview
Caldwell Arts Council Inc is located in Lenoir, NC. The organization was established in 1978. 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 06/2024, Caldwell Arts Council Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caldwell 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 06/2024, Caldwell Arts Council Inc generated $421.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $254.2k during the year ending 06/2024. While expenses have increased by 1.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ARTS IN CALDWELL CO., NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AND SPONSORED VARIOUS CULTURAL EVENTS PERTAINING TO THE ARTS IN CALDWELL COUNTY. EVENTS INCLUDED FESTIVALS, COMPETITIONS, RESIDENCIES FOR ARTISTS AND EXHIBITS.
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 |
|---|---|---|---|
Jonathan Beal President | OfficerTrustee | 0 | $0 |
Eric Stafford Treasurer | OfficerTrustee | 0 | $0 |
Terri Johnson Secretary | OfficerTrustee | 0 | $0 |
Will Baker Board Member | Trustee | 0 | $0 |
Donna Benge Board Member | Trustee | 0 | $0 |
Celeste Brantolino Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,357 |
| Related organizations | $0 |
| Government grants | $102,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,138 |
| Total Program Service Revenue | $33,233 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $179,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,910 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,339 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,666 |
| Pension plan accruals and contributions | $2,482 |
| Other employee benefits | $0 |
| Payroll taxes | $6,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,312 |
| Travel | $873 |
| 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 | $2,941 |
| Insurance | $4,809 |
| All other expenses | $0 |
| Total functional expenses | $254,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,388 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $568 |
| 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 | $7,088 |
| Net Land, buildings, and equipment | $657,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $249,938 |
| Total assets | $1,018,078 |
| Accounts payable and accrued expenses | $19,283 |
| 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 | $401,319 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,901 |
| Total liabilities | $423,503 |
| Net assets without donor restrictions | $564,738 |
| Net assets with donor restrictions | $29,837 |
| 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 | $1,018,078 |
Grants Awarded
Over the last fiscal year, Caldwell Arts Council Inc has awarded $40,513 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOOTHILLS PERFORMING ARTS PURPOSE: ART PROGRAMS | $7,700 |
JAMES C HARPER SCHOOL OF PERFORMING ARTS PURPOSE: ART PROGRAMS | $8,700 |
MARTIN LUTHER KING CENTER PURPOSE: ART PROGRAMS | $15,413 |
WESTERN NORTH CAROLINA SCULPTURE CENTER PURPOSE: ART PROGRAMS | $8,700 |