Davie County Arts Council
- Assets
- $97.0k
- Revenue
- $270.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Mocksville, NC
- Founding
- 12/1975
- Data as of
- 06/2024
- EIN
- 58-0010229
Organization Overview
Davie County Arts Council is located in Mocksville, NC. The organization was established in 1975. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Davie County Arts Council employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davie County 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, Davie County Arts Council generated $270.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $273.9k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNCIL SERVES THE CITIZENS OF DAVIE COUNTY BY PROVIDING FUNDING AND SERVICES TO SUPPORT AND FOSTER AN ENVIRONMENT IN WHICH THE ARTS CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEASONAL PERFORMANCES, COMMUNITY THEATRE AND COMMUNITY OUTREACH TO PROMOTE THE ARTS IN EDUCATION
PROFESSIONAL TOURING SEASON
BUILDING RENTAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidnee Suggs Executive Director | Officer | 40 | $50,633 |
Tom Beaver Chair Of Programming | Trustee | 1 | $0 |
Gerald Marion Board Member | Trustee | 1 | $0 |
Karen Iacopi Board Member | Trustee | 0 | $0 |
Jessica Allen Board Member | Trustee | 0 | $0 |
Carolyn Beaver Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,507 |
| Noncash contributions included in lines 1a–1f | $5,206 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,507 |
| Total Program Service Revenue | $166,733 |
| Investment income | $964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,259 |
| Net Income from Fundraising Events | $1,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| 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. | $50,633 |
| Compensation of current officers, directors, key employees. | $15,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,108 |
| Payroll taxes | $6,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,377 |
| Office expenses | $13,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114 |
| Travel | $0 |
| 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 | $219 |
| Insurance | $2,879 |
| All other expenses | $19,567 |
| Total functional expenses | $273,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,476 |
| Savings and temporary cash investments | $116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $677 |
| 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 | $548 |
| Investments—publicly traded securities | $31,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,039 |
| Total assets | $96,983 |
| Accounts payable and accrued expenses | $5,972 |
| Grants payable | $0 |
| Deferred revenue | $38,031 |
| 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 | $44,003 |
| Net assets without donor restrictions | $52,980 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $96,983 |