Black Mountain-Swannanoa Art Center
- Assets
- -$36.5k
- Revenue
- $350.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Black Mountain, NC
- Founding
- 05/1995
- Data as of
- 06/2022
- EIN
- 56-1913046
Organization Overview
Black Mountain-Swannanoa Art Center, operating under the name Black Mountain Center For The Arts, is located in Black Mountain, NC. The organization was established in 1995. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Black Mountain Center For The Arts 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, Black Mountain Center For The Arts generated $350.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $342.5k during the year ending 06/2022. While expenses have increased by 4.9% 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
OPERATION OF AN ART CENTER FOR THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS IN BLOOM IS A 4 DAY EVENT CELEBRATING ARTS AND FLOWERS/GARDENS. THE TOUR FEATURES PLEIN AIRE PAINTERS CREATING WORKS DURING THE TOURS
OPERATION OF A COMMUNITY ARTS CENTER WHERE AREA RESIDENTS RECEIVE ARTS INSTRUCTION AND A COMMUNITY POTTERY STUDIO
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Cozzi Executive Director | OfficerTrustee | 40 | $68,269 |
John Hall Chair | OfficerTrustee | 5 | $0 |
Sarah Berglund Secretary | OfficerTrustee | 5 | $0 |
Julie Wilcox Vice Chair | OfficerTrustee | 5 | $0 |
Lori Turley Treasurer | OfficerTrustee | 5 | $0 |
Kannah Begley Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,727 |
| Fundraising events | $225 |
| Related organizations | $0 |
| Government grants | $23,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,701 |
| Noncash contributions included in lines 1a–1f | $2,861 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,973 |
| Total Program Service Revenue | $205,079 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,092 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,861 |
| 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. | $72,065 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,800 |
| Payroll taxes | $10,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,104 |
| Office expenses | $12,728 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,152 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,309 |
| All other expenses | $40,626 |
| Total functional expenses | $342,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$36,504 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$36,504 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | -$36,504 |
| Total liabilities and net assets/fund balances | -$36,504 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Black Mountain-Swannanoa Art Center has recieved totaling $28,980.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $17,736 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $11,244 |
Endowment Analysis
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 |