Theatre Art Galleries
- Assets
- $777.9k
- Revenue
- $295.3k
- Investments
- $641.8k
- Employees
- 3
- Location
- High Point, NC
- Founding
- 05/1993
- Data as of
- 06/2021
- EIN
- 56-1784862
Organization Overview
Theatre Art Galleries is located in High Point, NC. The organization was established in 1993. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Theatre Art Galleries employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Art Galleries 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 06/2021, Theatre Art Galleries generated $295.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $187.7k during the year ending 06/2021. 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
TO PROVIDE QUALITY VISUAL ART EXHIBITS AND EDUCATIONAL EXPERIENCES FOR THE ENRICHMENT OF THE ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXISTS TO EDUCATE & ENRICH THE CITIZENS OF HIGH POINT, NORTH CAROLINA THROUGH EXHIBITIONS & LECTURES IN FINE ARTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Horney Executive Director | Officer | 40 | $93,278 |
Sue Brammer Treasurer | Officer | 0.5 | $0 |
Hunter Burris President | Officer | 0.5 | $0 |
Mary Lynn Moore Past President | Officer | 0.5 | $0 |
Tracy Flori Director | Trustee | 0.5 | $0 |
Martha Bass Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $106,704 |
| Related organizations | $0 |
| Government grants | $34,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,771 |
| Total Program Service Revenue | $12,356 |
| Investment income | $21,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,086 |
| Net Income from Fundraising Events | $1,734 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,260 |
| 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. | $92,275 |
| Compensation of current officers, directors, key employees. | $10,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,374 |
| Pension plan accruals and contributions | $2,689 |
| Other employee benefits | $0 |
| Payroll taxes | $10,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,733 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $130 |
| 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 | $124 |
| Insurance | $0 |
| All other expenses | $4,566 |
| Total functional expenses | $187,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,926 |
| Savings and temporary cash investments | $0 |
| 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 | $128 |
| Net Land, buildings, and equipment | $13,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $641,778 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,882 |
| Accounts payable and accrued expenses | $3,646 |
| 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 | $34,085 |
| Total liabilities | $37,731 |
| Net assets without donor restrictions | $740,151 |
| 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 | $777,882 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Theatre Art Galleries has recieved totaling $60,250.
| Awarding Organization | Amount |
|---|---|
A Pat & Kathryne L Brown Foundation Inc High Point, NC PURPOSE: GENERAL FUND | $50,000 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Ann G And W Vann York Foundation Inc High Point, NC PURPOSE: CHARITABLE CONTRIBUTION | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Spoleto Festival U S A Charleston, SC | $23,626,585 | $7,325,323 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Arts Center Of Coastal Carolina Hilton Head Island, SC | $10,441,766 | $4,547,581 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Suffolk Center For Cultural Arts Foundation Suffolk, VA | $18,737,592 | $3,812,474 |