Arts Council Inc
- Assets
- $7.6m
- Revenue
- $926.9k
- Investments
- $3.1m
- Employees
- 6
- Location
- Gainesville, GA
- Founding
- 12/1973
- Data as of
- 06/2024
- EIN
- 58-1163155
Organization Overview
Arts Council Inc is located in Gainesville, GA. The organization was established in 1973. 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, Arts Council Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Council 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 06/2024, Arts Council Inc generated $926.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $920.8k during the year ending 06/2024. While expenses have increased by 7.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ARTS COUNCIL, INC. IS A NON-PROFIT 501(C)(3) CHARITABLE ARTS ORGANIZATION LOCATED IN GAINESVILLE, GA. THE ARTS COUNCIL, INC. IS ONE OF GEORGIA'S LEADING ARTS ORGANIZATIONS; PROMOTING OVER 30 REGIONAL ARTS AFFILIATES. THE ARTS COUNCIL, INC. ALSO PRESENTS A BROAD SPECTRUM OF PERFORMING, VISUAL AND LITERARY ARTS PROGRAMS, AND PROVIDES MANY OTHER SERVICES TO SUPPORT ITS MISSION. THE COUNCIL ENVISIONS TO BRING THEIR NORTHEAST GEORGIA PARTNERS AND COMMUNITY TOGETHER TO EXPERIENCE THE ARTS THROUGH EDUCATION, ENGAGEMENT AND PROGRAMMING BY BUILDING THE COMMUNITY THROUGH THE ARTS. THE COUNCIL FULFILLS THIS MISSION BY PROVIDING AND PROMOTING VARIOUS MULTI-CULTURAL ARTS PROGRAMS AND SERVICES, EDUCATION, OUTREACH, AND BY ACTING AS RESTORATIVE GUARDIANS OF THE ARTS COUNCIL'S FACILITIES. THE ARTS COUNCIL, INC. IS FUNDED BY THE COMMUNITY THROUGH INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND GOVERNMENT SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A BROAD SPECTRUM OF PERFORMING, AND VISUAL ARTS PROGRAMS TO PROMOTE AND PROVIDE MULTI-CULTURAL ARTS PROGRAMS AND SERVICES TO THE PUBLIC. THIS ALSO INCLUDES ADVOCATING THE ARTS AT THE LOCAL, REGIONAL, STATE AND NATIONAL LEVELS, FOR THE COUNCIL AND AFFILIATE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren W Almand Director | Trustee | 1 | $0 |
Carol Burrell Director | Trustee | 1 | $0 |
Lori Carter Director | Trustee | 1 | $0 |
Mercer Crook Director | Trustee | 1 | $0 |
Regina Edmondson Director | Trustee | 1 | $0 |
Randall Frost Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,587 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,189 |
| Total Program Service Revenue | $141,926 |
| Investment income | $143,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,093 |
| Net Gain/Loss on Asset Sales | $2,729 |
| Net Income from Fundraising Events | $94,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $926,879 |
| 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 | $275,526 |
| Pension plan accruals and contributions | $19,568 |
| Other employee benefits | $40,602 |
| Payroll taxes | $21,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,032 |
| Advertising and promotion | $0 |
| Office expenses | $10,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,014 |
| Travel | $331 |
| 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 | $136,508 |
| Insurance | $38,794 |
| All other expenses | $5,920 |
| Total functional expenses | $920,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,872 |
| Savings and temporary cash investments | $111,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,417 |
| 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 | $15,595 |
| Net Land, buildings, and equipment | $3,766,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,075,840 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,619,686 |
| Accounts payable and accrued expenses | $166,406 |
| Grants payable | $0 |
| Deferred revenue | $24,504 |
| 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 | $190,910 |
| Net assets without donor restrictions | $7,259,917 |
| Net assets with donor restrictions | $168,859 |
| 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 | $7,619,686 |