Cabarrus Arts Council Inc
- Assets
- $704.4k
- Revenue
- $876.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Concord, NC
- Founding
- 01/1982
- Data as of
- 06/2022
- EIN
- 56-1317473
Organization Overview
Cabarrus Arts Council Inc is located in Concord, NC. The organization was established in 1982. 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, Cabarrus Arts Council Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabarrus 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, Cabarrus Arts Council Inc generated $876.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $745.0k during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 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.
Since 2015, Cabarrus Arts Council Inc has awarded 15 individual grants totaling $178,252. 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
THE MISSION OF CABARRUS ARTS COUNCIL, INC. IS TO ENERGIZE OUR COMMUNITY THROUGH ARTS EXCELLENCE. OUR VISION IS TO BE AN EXEMPLARY LOCAL ARTS COUNCIL THAT NURTURES AND PROMOTES THE ARTS, BRINGING TOGETHER DIVERSE AUDIENCES BY INCREASING AWARENESS AND PARTICIPATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING ARTS AND LOCAL ARTISTS IN THE COMMUNITY BY MAINTAINING GALLERIES AND A THEATER AND SPONSORING COMMUNITY PROGRAMS. THIS ALSO INCLUDES PROGRAM SUPPORT FOR SCHOOL PROGRAMS NOTED BELOW. WE ATTRACTED 25208 RECORDED VISITORS THROUGH 4 GALLERY EXHIBITIONS WHICH SHOWCASED REGIONAL AND NATIONAL ARTISTS WORKING IN A VARIETY OF MEDIA AND SPECIAL VIRTUAL EVENTS SUCH AS ARTIST TALKS, AND FAMILY CRAFTS AND 8 DAVIS THEATER PERFORMANCES, TWO FAMILY SHOWS AND 4 ART WALK ON UNION EVENTS FEATURING 70-100 ARTIST VENDORS.GRANTS TO AREA VISUAL, THEATRE AND OTHER ARTS GROUPS TO SUPPORT ARTS IN THE COMMUNITY. INCLUDES GRANTS TO SPONSOR VARIOUS ARTS PROJECTS IN THE COMMUNITY. THE CABARRUS ARTS COUNCIL, INC PROMOTES PROGRAMS FOR THESE ORGANIZATIONS ON OUR WEBSITE, SOCIAL MEDIA AND IN NEWS ARTICLES. GRANTS WERE DISTRIBUTED TO 12 ORGANIZATIONS. THE ARTS COUNCIL RETURNED TO PROVIDING IN PERSON LIVE PERFORMANCES IN EACH CABARRUS COUNTY AND KANNAPOLIS CITY SCHOOL, SERVING 33359 STUDENTS IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noelle Scott President & CEO | Officer | 50 | $115,267 |
Rev Donald Anthony Director | Trustee | 1 | $0 |
Chantel Balknight-Thompson Secretary | OfficerTrustee | 5 | $0 |
Rev Ruth Brooks Director | Trustee | 1 | $0 |
Emily Davis Director | Trustee | 1 | $0 |
Jessica Castrodale Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,221 |
| Related organizations | $0 |
| Government grants | $419,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,267 |
| Total Program Service Revenue | $159,142 |
| Investment income | $319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,230 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $876,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,140 |
| 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. | $118,725 |
| Compensation of current officers, directors, key employees. | $29,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,978 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,292 |
| Payroll taxes | $32,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,450 |
| Advertising and promotion | $7,944 |
| Office expenses | $48,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $6,187 |
| All other expenses | $1,687 |
| Total functional expenses | $745,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,486 |
| Savings and temporary cash investments | $342,891 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $704,377 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $141,097 |
| Retained earnings, endowment, accumulated income, or other funds | $563,280 |
| Total liabilities and net assets/fund balances | $704,377 |
Grants Awarded
Over the last fiscal year, Cabarrus Arts Council Inc has awarded $121,852 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF KANNAPOLIS PARKS & RE PURPOSE: Summer concert series | $10,000 |
MULTICULTURAL COMMUNITY STUDE PURPOSE: Community band | $8,100 |
NORTH CAROLINA MUSIC HALL OF PURPOSE: music education program | $51,876 |
OLD COURTHOUSE THEATRE PURPOSE: operating support for community the | $51,876 |