Madison County Arts Council
- Assets
- $1.1m
- Revenue
- $350.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Marshall, NC
- Founding
- 09/1991
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Madison County Arts Council generated $350.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $302.8k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING COMMUNITY THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVALS: THE BLUFF MOUNTAIN FESTIVAL BEGAN AS A COMMUNITY ACTION PROJECT TO RAISE FUNDS TO HALT THE CLEAR CUTTING OF BLUFF MOUNTAIN. IN 2023, THE 26TH ANNUAL BLUFF MOUNTAIN FESTIVAL RETURNED TO AN IN-PERSON FESTIVAL. THE DAY INCLUDED OVER 100 MUSICIANS, 36 ARTIST AND FOOD VENDORS, AND AN AUDIENCE OF ABOUT 2,000. THE SILENT AUCTION, RAFFLE, AND T-SHIRT SALES WITH THE 26TH ANNIVERSARY LOGO WERE ALL POPULAR. THIS IS ONE OF THE BIGGEST FUNDRAISERS OF THE YEAR FOR MCAC. ADDITIONALLY, OUR ART ON THE ISLAND FESTIVAL RETURNED WITH SIX DEMONSTRATING ARTISTS AND CHILDRENS ACTIVITIES, 42 ARTIST AND FOOD BOOTHS. IT WAS THE BIGGEST AUDIENCE WE HAVE EVER HAD. A BIG SUCCESS!!
EDUCATIONAL: OUR JAM (JUNIOR APPALCHIAN MUSICIANS) IS IN FULL SWING. IN 2023 WE REGISTERED 60 STUDENTS RANDING IN AGE FROM FIRST GRADE THROUGH EARLY COLLEGE. OUR SUMMER JAM CAMP REGISTERED 20 STUDENTS. ONCE AGAIN, WE ARE ABLE TO HOST LOW COST MUSIC LESSONS TO STUDENTS ACROSS MADISON COUNTY.
CONCERT SERIES: OUR CONCERT SERIES RETURNED TO THE ARTS CENTER AND THE EBBS CHAPEL CENTER. WE PRESENTED SIX CONCERTS FEATURING EIGHT ACTS. CONCERTS WERE WELL-ATTENDED AND GROSSED $27,737.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Boosinger Executive Director | Officer | 40 | $54,850 |
David Mcclurkin President | OfficerTrustee | 8 | $0 |
Dr Jeffrey Shields Treasurer | OfficerTrustee | 3 | $0 |
Cynthia Cutting Secretary | OfficerTrustee | 4 | $0 |
Larry Burda Board Member | OfficerTrustee | 3 | $0 |
Deb Burns Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,919 |
| Related organizations | $0 |
| Government grants | $83,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,033 |
| Noncash contributions included in lines 1a–1f | $5,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,152 |
| Total Program Service Revenue | $48,940 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,509 |
| Net Income from Gaming Activities | $789 |
| Net Income from Sales of Inventory | $14,513 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,210 |
| Compensation of current officers, directors, key employees. | $29,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,800 |
| Payroll taxes | $7,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,095 |
| Advertising and promotion | $13,944 |
| Office expenses | $18,312 |
| Information technology | $464 |
| Royalties | $0 |
| Occupancy | $15,204 |
| Travel | $2,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,078 |
| Insurance | $13,721 |
| All other expenses | $1,920 |
| Total functional expenses | $302,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,844 |
| Savings and temporary cash investments | $239,384 |
| 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 | $600,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,090,694 |
| Accounts payable and accrued expenses | $3,747 |
| 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 | $155,453 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $159,200 |
| Net assets without donor restrictions | $619,051 |
| Net assets with donor restrictions | $312,443 |
| 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 | $1,090,694 |