Carolina Crown Inc
- Assets
- $3.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Fort Mill, SC
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 56-1598929
Organization Overview
Carolina Crown Inc is located in Fort Mill, SC. The organization was established in 1989. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Carolina Crown Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Crown 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 12/2021, Carolina Crown Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DRUM AND BUGLE CORPS DESIGNED FOR YOUTH PARTICIPATION, INSTRUCTION AND COMPETITION. YOUTH COMPETE NATIONALLY AGAINST OTHER CORPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAROLINA CROWN DRUM CORPS. YOUTHS AGES 14-21 PARTICIPATED IN MARCHING BAND, TOURS , COMPETITION WITH OTHER SIMILAR CORPS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Williams | Officer | 20 | $13,923 |
Cody Crawford | Officer | 40 | $58,851 |
Toby Cummings | OfficerTrustee | 15 | $0 |
Don Rawlins | OfficerTrustee | 15 | $0 |
Nick Annan | OfficerTrustee | 15 | $0 |
Douglas Madar | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,281,023 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,386,052 |
| Total Program Service Revenue | $839,315 |
| Investment income | $412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,400 |
| Net Gain/Loss on Asset Sales | $6,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$78,685 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,188,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $153,543 |
| Compensation of current officers, directors, key employees. | $153,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,151 |
| Payroll taxes | $32,429 |
| 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 | $347,719 |
| Advertising and promotion | $21,899 |
| Office expenses | $83,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,111 |
| Travel | $383,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,398 |
| Interest | $10,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,137 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,380,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,547,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,035 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $414,071 |
| Prepaid expenses and deferred charges | $6,000 |
| Net Land, buildings, and equipment | $125,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,174,944 |
| Accounts payable and accrued expenses | $202,323 |
| Grants payable | $0 |
| Deferred revenue | $9,440 |
| 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 | $659,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $871,163 |
| Net assets without donor restrictions | $2,303,781 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,174,944 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carolina Crown Inc has recieved totaling $1,039.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $824 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carolina Crown Inc Fort Mill, SC | $3,174,944 | $3,188,994 |
Music Maker Relief Foundation Inc Hillsborough, NC | $1,058,150 | $1,076,800 |
Harrison High Band Boosters Inc Kennesaw, GA | $195,201 | $387,122 |
Hillgrove High School Band Boosterclub Marietta, GA | $146,405 | $332,631 |
Pope Band Parents Association Inc Marietta, GA | $209,475 | $226,396 |
George H Buck Jr Jazzology Foundation Inc Columbus, GA | $4,320,599 | $533,652 |
Atlanta Chamber Players Inc Atlanta, GA | $279,272 | $217,838 |
Brevard Chamber Orchestra Association Inc Brevard, NC | $951,965 | $263,273 |
The Raleigh Ringers Inc Raleigh, NC | $736,057 | $353,329 |
East Lincoln Senior High Band Aides Inc Denver, NC | $14,769 | $114,537 |
Palmetto Percussion Columbia, SC | $29,595 | $0 |
Triangle British Brass Band Ltd Research Triangle Park, NC | $80,820 | $0 |