Pocosin Arts Incorporated
- Assets
- $4.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Columbia, NC
- Founding
- 01/1995
- Data as of
- 06/2022
- EIN
- 56-1881210
Organization Overview
Pocosin Arts Incorporated is located in Columbia, NC. The organization was established in 1995. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Pocosin Arts Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pocosin Arts Incorporated 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 06/2022, Pocosin Arts Incorporated generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $891.0k during the year ending 06/2022. While expenses have increased by 15.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE APPRECIATION FOR LOCAL ARTS AND CRAFTS GLORYIFYING THE RICH CULTURAL HERITAGE FOUND IN EASTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERRED A VARIETY OF CLASSES (INCLUDING ONLINE), YOUTH PROGRAMS, AND WORKSHOPS IN LOCAL ARTS AND CRAFTS; PROVIDED A RETAIL OUTLET FOR SALES OF LOCALLY PRODUCED ARTS AND CRAFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene True Executive Di | Officer | 40 | $66,350 |
Dorothy Ansell Board Member | Trustee | 1 | $0 |
Edie Armstrong Board Member | Trustee | 1 | $0 |
Stephen Barefoot Board Member | Trustee | 1 | $0 |
Kirstin Bradley Secretary | Trustee | 2 | $0 |
Sammy Cox Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,968 |
| Related organizations | $0 |
| Government grants | $303,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $753,628 |
| Total Program Service Revenue | $465,490 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$457 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,323,495 |
| 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. | $70,478 |
| Compensation of current officers, directors, key employees. | $15,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,337 |
| Payroll taxes | $25,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,629 |
| Advertising and promotion | $36,500 |
| Office expenses | $4,624 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $440 |
| Interest | $1,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,207 |
| Insurance | $26,110 |
| All other expenses | $56,439 |
| Total functional expenses | $891,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $962,584 |
| 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 | $4,380 |
| Net Land, buildings, and equipment | $2,741,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,302 |
| Total assets | $4,342,247 |
| Accounts payable and accrued expenses | $266,987 |
| 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 | $111,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $125,891 |
| Total liabilities | $504,665 |
| Net assets without donor restrictions | $3,237,512 |
| Net assets with donor restrictions | $600,070 |
| 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 | $4,342,247 |