The Durham Arts Council Endowment Fund

Organization Overview

The Durham Arts Council Endowment Fund is located in Durham, NC. The organization was established in 1993. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Arts Council Endowment Fund 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 06/2023, Durham Arts Council Endowment Fund generated $42.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $40.7k during the year ending 06/2023. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF THE DURHAM ARTS COUNCIL, A COMMUNITY FINE ARTS ORGANIZATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT THE TRIANGLE COMMUNITY FOUNDATION IN CONNECTION WITH THE FOUDATION'S SUPPORT OF THE DURHAM ARTS COUNCIL BY PROVIDING A PERMANENTLY ENDOWED SOURCE OF SUPPORT FOR THE COMMUNITY ARTS ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen E Hancock
Board Chair
$0
Kay P Gresham
Secretary/treasurer
$0
Virginia R Bowman
Assistant Secretary
$0
Michael Schoenfeld
Assistant Secretary
$0
Barker French
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $6,967
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $35,197
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,164

Peer Organizations

Organization NameAssets
Arts Memphis
Memphis, TN
$3,289,255
Chapman Cultural Center Inc
Spartanburg, SC
$2,614,576
Arts Council Incorporated Winston-Salem Arts Council
Winstonsalem, NC
$3,085,185
Arts Council Of Fayetteville
Fayetteville, NC
$3,172,476
The Art League Inc
Alexandria, VA
$2,900,158
Metropolitan Arts Council
Greenville, SC
$2,590,039
Arts And Culture Alliance Of Greater Knoxville
Knoxville, TN
$2,388,952
Durham Arts Council Inc
Durham, NC
$2,260,692
United Arts Council Of Greater Greensboro Inc
Greensboro, NC
$1,893,017
Arts Council Of Fairfax County Inc
Fairfax, VA
$1,828,423
United Arts Council Of Raleigh And Wake County Inc
Raleigh, NC
$1,453,000
North Carolina Humanities Council
Charlotte, NC
$1,205,530
Surry Arts Council
Mount Airy, NC
$2,764,452
Greater Augusta Arts Council Inc
Augusta, GA
$1,251,279
South Carolina Humanites Council
Columbia, SC
$1,157,661
Cultureworks Inc
Richmond, VA
$1,093,759
Yadkin Arts Council Inc
Yadkinville, NC
$882,473
Arts Council Inc
Gainesville, GA
$926,879
United Arts Council Of Catawba County
Hickory, NC
$883,106
Gwinnett Council For The Arts Inc
Duluth, GA
$782,176
Cabarrus Arts Council Inc
Concord, NC
$876,498
Anderson County Arts Council
Anderson, SC
$588,771
Sautee-Nacoochee Community Association Inc
Sautee, GA
$634,201
Alamance County Arts Council Inc
Graham, NC
$691,808
Macon Arts Alliance Inc
Macon, GA
$808,613

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