Embassy Cultural Center Foundation Inc
- Assets
- $9.7m
- Revenue
- $618.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Henderson, NC
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 56-2201877
Organization Overview
Embassy Cultural Center Foundation Inc is located in Henderson, NC. The organization was established in 2000. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Embassy Cultural Center Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Embassy Cultural Center 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 12/2021, Embassy Cultural Center Foundation Inc generated $618.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $645.8k during the year ending 12/2021. While expenses have increased by 28.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE EMBASSY CULTURAL CENTER FOUNDATION IS A NONPROFIT CULTURAL AND ECONOMIC CATALYST LOCATED IN HISTORIC DOWNTOWN HENDERSON, NORTH CAROLINA, CREATED FOR THE ENRICHMENT OF OUR REGION. WE CELEBRATE THE DIVERSITY OF OUR COMMUNITY THROUGH A WIDE VARIETY OF ARTISTIC AND EDUCATIONAL OPPORTUNITIES CENTERED AROUND MCGREGOR HALL. THE ECCF ACCOMPLISHES ITS MISSION IN COMMUNITY, MAKING ALL FEEL WELCOME AND INCLUDED AND NURTURING RELATIONSHIPS THROUGH TEAMWORK, COLLABORATION, AND PARTNERSHIPS; WITH VISION, BY SEEING WHAT CAN BE AND MAKING IT A REALITY, AND SUBSEQUENTLY CREATING AND SEIZING OPPORTUNITIES; WITH INTEGRITY, BUILDING TRUST BY LISTENING AND RESPONDING; AND WITH EXCELLENCE, SUPPORTING INNOVATION IN ARTISTIC AND EDUCATIONAL PROGRAMS AND BY PRACTICING RESPONSIBLE STEWARDSHIP OF OUR HUMAN, PHYSICAL, AND FINANCIAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCGREGOR HALL PERFORMING ARTS CENTER
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hopper Chairman | OfficerTrustee | 3 | $0 |
James K Johnson Secretary | OfficerTrustee | 0.5 | $0 |
John Wester Treasurer | OfficerTrustee | 3 | $0 |
Amy O'geary Vice Chair | OfficerTrustee | 0.5 | $0 |
Dr Phil Young Board Member | Trustee | 0.5 | $0 |
Gina Eaves Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,924 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,858 |
| Total Program Service Revenue | $78,728 |
| Investment income | $2,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,385 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,357 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,323 |
| Payroll taxes | $4,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $882 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,300 |
| Office expenses | $12,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,347 |
| Travel | $1,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $282,584 |
| Insurance | $10,879 |
| All other expenses | $8,736 |
| Total functional expenses | $645,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,301 |
| Savings and temporary cash investments | $47,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,373 |
| 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 | $21,097 |
| Net Land, buildings, and equipment | $8,900,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,151 |
| Other assets | $143,584 |
| Total assets | $9,676,061 |
| Accounts payable and accrued expenses | $18,396 |
| Grants payable | $0 |
| Deferred revenue | $1,300 |
| 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 | $2,780,013 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,979 |
| Total liabilities | $2,834,688 |
| Net assets without donor restrictions | $6,749,006 |
| Net assets with donor restrictions | $92,367 |
| 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 | $9,676,061 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Embassy Cultural Center Foundation Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
John William Pope Foundation Raleigh, NC PURPOSE: RESTRICTED - HENDERSON PAC | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyrasis Atlanta, GA | $57,303,144 | $78,536,382 |
Richland County Public Library Columbia, SC | $22,586,834 | $29,522,788 |
Robert W Woodruff Library Of The Atlanta University Center Inc Atlanta, GA | $36,750,621 | $14,706,719 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Hall County Library System Gainesville, GA | $3,250,117 | $3,142,745 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
National Sporting Library Incorporated Middleburg, VA | $24,531,630 | $3,372,979 |
Tenn-Share Alcoa, TN | $1,129,556 | $1,846,388 |
Children & Family Resource Center Of Henderson County Inc Hendersonville, NC | $2,071,959 | $1,831,155 |
Triangle Research Libraries Network Durham, NC | $1,003,017 | $2,300,014 |
Central Virginia Regional Library Farmville, VA | $229,029 | $1,098,121 |