Clayton Cultural Arts Foundation Inc
- Assets
- $277.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clayton, NC
- Founding
- 03/2000
- Data as of
- 06/2023
- EIN
- 56-2175042
Organization Overview
Clayton Cultural Arts Foundation Inc is located in Clayton, NC. The organization was established in 2000. 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. Clayton Cultural Arts Foundation Inc 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, Clayton Cultural Arts Foundation Inc generated $109.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $55.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE CLAYTON CULTURAL ARTS FOUNDATION, INC. WAS FOUNDED WITH THE PURPOSE OF LOCATING AND REHABILITATING PROPERTIES IN THE CLAYTON, NC, COMMUNITY AND ADAPTIVELY REUSE THESE PROPERTIES TO POSITIVELY INFLUENCE AND IMPACT THE CORE OF THE CLAYTON COMMUNITY. SINCE ITS INCEPTION, THE FOUNDATION'S MISSION HAS EXPANDED TO PROVIDE RESOURCES FOR THE MAINTENANCE OF CULTURAL ARTS FACILITIES AND PROGRAMS WITH A GOAL TO MAKE VISUAL AND LIVE PERFORMANCE ARTS ACCESSIBLE TO THE ENTIRE POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyn Austin Director-President | 2 | $0 | |
Allen R Tew Director | 1 | $0 | |
Bobby Parker Director-Treasurer | 1 | $0 | |
Boo Carver Director | 1 | $0 | |
Mike Marvel Director-Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,719 |
| Total Program Service Revenue | $1,750 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,815 |
| Other Revenue | $0 |
| Total Revenue | $109,284 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,363 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,118 |
| Total expenses | $55,481 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $277,515 |
| Other assets | $0 |
| Total assets | $277,515 |
| Total liabilities | $0 |
| Net assets or fund balances | $277,515 |