Marigold Arts Development Inc
- Assets
- $64.0k
- Revenue
- $128.2k
- Investments
- $0.0
- Employees
- 1
- Location
- North Charleston, SC
- Founding
- 08/2003
- Data as of
- 08/2021
- EIN
- 57-1096673
Organization Overview
Marigold Arts Development Inc is located in North Charleston, SC. The organization was established in 2003. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Marigold Arts Development 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 08/2021, Marigold Arts Development Inc generated $128.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $108.7k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. 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
TO PROMOTE THEATER ARTS IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED AUGUST 31, 2021 THE ORGANIZATION OPERATED THE FOLLOWING PROGRAMS: PERFORMANCES: THE ORGANIZATION PRODUCED AND PERFORMED 3 SHOWS DURING THE FISCAL YEAR WITH 1 SHOW BEING IN PARTNERSHIP WITH OTHER ORGANIZATIONS. THE SHOWS ATTENDEES WERE SOCIALLY DISTANCED PER/COVID-19 STATE AND FEDERALLY MANDATED LAWS AND THEREFORE WERE AT ROUGHLY ONE THIRD NORMAL CAPACITY. SUMMER CAMP: IN SUMMER OF 2021 THE ORGANIZATION CONDUCTED 6 ONE WEEK CAMP SESSIONS. IN NON-COVID-19 TIMES PROJECTED CAMP ATTENDANCE WAS 107 BUT DUE TO COVID-19 IT FELL TO AROUND 50 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aj Gardner President | OfficerTrustee | 2 | $0 |
Josh Woolwine Vice President | OfficerTrustee | 2 | $0 |
Shea Ange Secretary | OfficerTrustee | 2 | $0 |
Jamall Rawlinson Director | Trustee | 1 | $0 |
Angelique Cunningham Director | Trustee | 1 | $0 |
Albert Ross Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,782 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,721 |
| 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 | $128,236 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $16,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,179 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,354 |
| Advertising and promotion | $1,391 |
| Office expenses | $0 |
| Information technology | $451 |
| Royalties | $0 |
| Occupancy | $15,952 |
| Travel | $18,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $685 |
| All other expenses | $0 |
| Total functional expenses | $108,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,016 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,016 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $6,560 |
| 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 | $29,255 |
| Total liabilities | $35,815 |
| 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 |
| Total liabilities and net assets/fund balances | $28,201 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marigold Arts Development Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: Special Project Support | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |
Atlanta Music Project Inc Atlanta, GA | $5,585,624 | $4,188,962 |
True Colors Theatre Company Atlanta, GA | $1,894,678 | $1,211,759 |
The Lafayette Society Forperforming Arts Inc Lagrange, GA | $938,652 | $1,109,565 |
Appalachian Theatre Of The High Country Boone, NC | $10,309,945 | $894,057 |
Holy City Arts & Lyric Opera Mount Pleasant, SC | $37,618 | $548,018 |
Junior Jazz Foundation Hilton Head Island, SC | $178,984 | $689,999 |
34west Theater Company Charleston, SC | $892,012 | $412,970 |