Caldwell Arts Council Inc
- Assets
- $471.4k
- Revenue
- $190.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Lenoir, NC
- Founding
- 10/1978
- Data as of
- 06/2022
- 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 06/2022, Caldwell Arts Council Inc employed 5 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 06/2022, Caldwell Arts Council Inc generated $190.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $198.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Ball Executive Director | Officer | 32 | $42,784 |
Jonathan Beal Vice President | OfficerTrustee | 0 | $0 |
Charles Smith President | OfficerTrustee | 0 | $0 |
Terri Johnson Secretary | OfficerTrustee | 0 | $0 |
Sandra Jourdain Treasurer | OfficerTrustee | 0 | $0 |
Donna Benge Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,891 |
| Related organizations | $0 |
| Government grants | $45,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,429 |
| Total Program Service Revenue | $11,579 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,352 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,082 |
| 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 | $81,984 |
| Pension plan accruals and contributions | $2,553 |
| Other employee benefits | $0 |
| Payroll taxes | $6,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,750 |
| 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 | $5,485 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,584 |
| Travel | $57 |
| 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 | $4,590 |
| Insurance | $4,833 |
| All other expenses | $0 |
| Total functional expenses | $198,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,952 |
| Savings and temporary cash investments | $0 |
| 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 | $83,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $249,938 |
| Total assets | $471,383 |
| Accounts payable and accrued expenses | $700 |
| 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 | $0 |
| Total liabilities | $700 |
| Net assets without donor restrictions | $430,138 |
| Net assets with donor restrictions | $40,545 |
| 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 | $471,383 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Caldwell Arts Council Inc has recieved totaling $42,030.
| Awarding Organization | Amount |
|---|---|
Broyhill Family Foundation Inc Lenoir, NC PURPOSE: ARTS SUPPORT | $15,000 |
Stevens Family Foundation Inc Boone, NC PURPOSE: GENERAL SUPPORT | $12,500 |
Coffey Foundation Inc Lenoir, NC PURPOSE: THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | $5,000 |
Neisler Foundation Kings Mountain, NC PURPOSE: TO PROVIDE CONTINUED SUPPORT OF THE FOUNDATION'S CHARITABLE PURPOSE | $3,000 |
Bernhardt Furniture Foundation Lenoir, NC PURPOSE: EDUCATIONAL | $3,000 |
La-Z-Boy Foundation Monroe, MI PURPOSE: HUMANITIES-ARTS | $2,500 |
Endowment Analysis
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 |