Tryon Fine Arts Center Inc
- Assets
- $8.3m
- Revenue
- $921.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Tryon, NC
- Founding
- 09/1967
- Data as of
- 06/2021
- EIN
- 56-6086694
Organization Overview
Tryon Fine Arts Center Inc is located in Tryon, NC. The organization was established in 1967. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Tryon Fine Arts Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tryon Fine Arts Center 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 06/2021, Tryon Fine Arts Center Inc generated $921.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $438.4k during the year ending 06/2021. 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
CULTURAL EDUCATION AND ADVANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRYON FINE ARTS CENTER PROVIDES AND FOSTERS CULTURAL ACTIVITIES IN THE COMMUNITY. EVENTS ARE SPONSORED AND PROGRAMS ARE PROVIDED TO TRYON, NC, AND THE SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Pohsweg Treasurer | OfficerTrustee | 5 | $0 |
Tara Brannon Past-President | OfficerTrustee | 1 | $0 |
Scott Lane Director | OfficerTrustee | 1 | $0 |
Ron Pankey Secretary | OfficerTrustee | 1 | $0 |
Monica Stevenson Director | Trustee | 1 | $0 |
Rebecca Barnes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,273 |
| Related organizations | $0 |
| Government grants | $162,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,570 |
| Total Program Service Revenue | $22,652 |
| Investment income | $86,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $625 |
| Net Gain/Loss on Asset Sales | $189,539 |
| Net Income from Fundraising Events | -$110 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $921,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,997 |
| 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 | $91,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,517 |
| Fees for services: Other | $3,218 |
| Advertising and promotion | $3,433 |
| Office expenses | $12,379 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,504 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,888 |
| Insurance | $23,634 |
| All other expenses | $0 |
| Total functional expenses | $438,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,234 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $203,770 |
| 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 | $3,000,504 |
| Investments—publicly traded securities | $4,670,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,042 |
| Total assets | $8,260,470 |
| 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 | $33,709 |
| Total liabilities | $33,709 |
| Net assets without donor restrictions | $8,027,524 |
| Net assets with donor restrictions | $199,237 |
| 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 | $8,260,470 |
Grants Awarded
Over the last fiscal year, Tryon Fine Arts Center Inc has awarded $12,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tryon, NC PURPOSE: ARTS PRDCTN | $6,300 |
Tryon, NC PURPOSE: ARTS EDUCATION | $6,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tryon Fine Arts Center Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Lomax Family Foundation Arden, NC PURPOSE: CHARITY | $1,000 |
Endowment Analysis
| Beg. Balance | $3,950,760 |
| Earnings | $891,515 |
| Admin Expense | $14,517 |
| Net Contributions | $129,442 |
| Other Expense | $268,283 |
| Grants | $17,997 |
| Ending Balance | $4,670,920 |
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 |