Hillsborough Arts Council
- Assets
- $74.8k
- Revenue
- $271.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Hillsborough, NC
- Founding
- 06/2000
- Data as of
- 06/2024
- EIN
- 56-2163979
Organization Overview
Hillsborough Arts Council is located in Hillsborough, NC. The organization was established in 2000. 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 06/2024, Hillsborough Arts Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsborough 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 06/2024, Hillsborough Arts Council generated $271.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $270.5k during the year ending 06/2024. While expenses have increased by 11.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ARTS EVENTS AND EDUCATION IN HILLSBOROUGH AND ORANGE COUNTY, NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EVENTS: ARTWALK, LAST FRIDAYS, SOLSTICE LANTERN WALK, COMMUNITY CENTERED EVENTS SHOWCASE LOCAL ARTISTS
PERFORMANCES & EXHIBITIONS: CRAFTS FAIR, CULTURAL COMMITTEEPROVIDE SMALL VENUES FOR COMMUNITY MEMBERS TO EXPERIENCE PERFORMING AND FINE ARTS, FIRST HAND
ARTS EDUCATION AND AWARENESS: POETRY, HANDMADE MARKET AND PARADE, WORKSHOPSGIVE LOCAL CITIZENS THE OPPORTUNITY TO CREATE AND PARTICIPATE IN ARTS CENTERED ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Hupp Director | Trustee | 2 | $0 |
Arisa Kusumi Sullivan Director | Trustee | 2 | $0 |
David Hayes Director | Trustee | 2 | $0 |
Julia Workman Director | Trustee | 2 | $0 |
Chelsea Maier Director | Trustee | 2 | $0 |
Sarah Halihan Smith Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,881 |
| Total Program Service Revenue | $38,537 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,539 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,970 |
| 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. | $44,750 |
| Compensation of current officers, directors, key employees. | $4,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,509 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,929 |
| 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 | $8,167 |
| Office expenses | $831 |
| Information technology | $2,524 |
| Royalties | $0 |
| Occupancy | $22,063 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,484 |
| Insurance | $2,697 |
| All other expenses | $8,064 |
| Total functional expenses | $270,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,454 |
| Savings and temporary cash investments | $32,823 |
| 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 | $5,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $74,811 |
| Accounts payable and accrued expenses | $5,045 |
| 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 | $5,045 |
| 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 | $69,766 |
| Total liabilities and net assets/fund balances | $74,811 |