Madison County Arts Council
- Assets
- $930.8k
- Revenue
- $648.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Marshall, NC
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 56-1743991
Organization Overview
Madison County Arts Council is located in Marshall, NC. The organization was established in 1991. 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 12/2021, Madison County Arts Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison County Arts Council 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, Madison County Arts Council generated $648.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $268.8k during the year ending 12/2021. While expenses have increased by 9.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING COMMUNITY THROUGH THE ARTS.
Describe the Organization's Program Activity:
THE BLUFF MOUNTAIN FESTIVAL BEGAN AS A COMMUNITY ACTION PROJECT TO RAISE FUNDS TO HALT THE CLEAR CUTTING OF BLUFF MOUNTAIN. IN 2021 WE PRODUCED A VIRTUAL FESTIVAL AS GATHERING WAS NOT POSSIBLE DUE TO THE PANDEMIC. IT DID NOT RAISE MUCH MONEY. WE HAD DECENT REACH ON OUR YOUTUBE CHANNEL WITH 745 VIEWS. WE ALSO CREATED A FILM THAT DOCUMENTS MANY OF OUR MADISON COUNTY MUSICIANS. EACH MUSICAL GROUP GOT QUALITY VIDEO OF THEIR PERFORMANCE TO USE FOR PROMOTION.
WE HELD OUR JAM (JUNIOR APPALACHIAN MUSICIANS) PROGRAM OUT OF DOORS IN 2021 OUR NUMBERS WERE DOWN ABOUT 50%. WE HAD 25 STUDENTS REGISTERED AND A HEALTHY 15 FOR SUMMER CAMP. WE TRIED TO HOLD VIRTUAL CLASSES. HOWEVER, STUDENTS WERE SCREEN WEARY AND NEEDED IN-PERSON INTERACTION. WE DID OUR BEST TO KEEP THE PROGRAM GOING AND LOOK FORWARD TO GROWING THE PROGRAM BACK TO PRE-PANDEMIC NUMBERS. IN THE PARK. THIS CONTINUED INTO FALL. LASTLY, ABOUT 10 STUDENTS JOINED ON-LINE CLASSES.
OUR CONCERT SERIES WAS SEVERELY CURTAILED BECAUSE OF THE PANDEMIC. WE WERE ABLE TO HOST THREE SHOWS, TWO AT EBBS CHAPEL AND ONE IN OUR BUILDING. ALL THREE WERE VERY SUCCESSFUL AND GROSSED ALMOST $15,000, THREE TIMES MORE THAN WE BUDGETED. OUR MOST SUCCESSFUL PROGRAMMING WAS HOSTING GALLERY SHOWS IN 2020. WE WERE ABLE TO CONTROL THE NUMBER OF PEOPLE IN THE BUILDING AND PROCESS SALES FOR THE ARTISTS. WE MADE MORE MONEY SELLING ART THAN WE EVER HAVE. WE GROSSED ALMOST $41,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Boosinger Executive Director | Officer | 40 | $48,665 |
David Mcclurkin President | OfficerTrustee | 8 | $0 |
Cynthia Cutting Secretary | OfficerTrustee | 4 | $0 |
Dr Jeffrey Shields Treasurer | OfficerTrustee | 3 | $0 |
Larry Burda Board Member | Trustee | 3 | $0 |
Deb Burns Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $433,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $591,037 |
| Total Program Service Revenue | $20,365 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,005 |
| 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 | $13,849 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $648,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,567 |
| Compensation of current officers, directors, key employees. | $25,948 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,622 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,360 |
| Payroll taxes | $6,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,400 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,466 |
| Advertising and promotion | $6,408 |
| Office expenses | $14,238 |
| Information technology | $200 |
| Royalties | $0 |
| Occupancy | $11,968 |
| Travel | $309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,092 |
| Insurance | $12,604 |
| All other expenses | $3,250 |
| Total functional expenses | $268,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $563,452 |
| Savings and temporary cash investments | $21,741 |
| 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 | $345,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $930,756 |
| Accounts payable and accrued expenses | $1,416 |
| 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 | $165,000 |
| Secured mortgages and notes payable | $165,000 |
| Unsecured mortgages and notes payable | $14,900 |
| Other liabilities | $0 |
| Total liabilities | $346,316 |
| Net assets without donor restrictions | $338,265 |
| Net assets with donor restrictions | $246,175 |
| 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 | $930,756 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Madison County Arts Council has recieved totaling $5,441.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $5,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $141 |
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 |