Newton-Conover Auditorium Authority
- Assets
- $285.8k
- Revenue
- $173.4k
- Investments
- $0.0
- Employees
- 16
- Location
- Newton, NC
- Founding
- 09/1991
- Data as of
- 06/2020
- EIN
- 56-1729341
Organization Overview
Newton-Conover Auditorium Authority is located in Newton, NC. The organization was established in 1991. As of 06/2020, Newton-Conover Auditorium Authority employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton-Conover Auditorium Authority 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 06/2020, Newton-Conover Auditorium Authority generated $173.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $105.0k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE AUDITORIUM AUTHORITY CONTRIBUTES TO THE ECONOMIC, CULTURAL, AND SOCIAL WELL-BEING OF CATAWBA COUNTY BY PROVIDING A PLACE FOR THE COMMUNITY TO TAKE PART IN ARTS EDUCATION AND PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE IS TO RESTORE AUDITORIUM FOR USE BY THE COMMUNITY FOR COMMUNITY WIDE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivey Robinson Member | Trustee | 2 | $0 |
Anne Wepner Member | Trustee | 2 | $0 |
Pat Pohar Member | Trustee | 2 | $0 |
Ken Elliot Member | Trustee | 2 | $0 |
Beverly Danner Member | Trustee | 2 | $0 |
April Wallace Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,489 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,429 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $25,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,745 |
| 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 | $1,732 |
| 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 | $21,288 |
| Insurance | $1,816 |
| All other expenses | $0 |
| Total functional expenses | $104,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,033 |
| Savings and temporary cash investments | $19,735 |
| Pledges and grants receivable | $37,000 |
| Accounts receivable, net | $968 |
| 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 | $2,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $285,776 |
| Accounts payable and accrued expenses | $5,806 |
| 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 | $5,806 |
| 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 |
| Total liabilities and net assets/fund balances | $279,970 |