Farmville Community Arts Council Inc
- Assets
- $273.7k
- Revenue
- $75.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmville, NC
- Founding
- 02/1978
- Data as of
- 06/2021
- EIN
- 58-1310173
Organization Overview
Farmville Community Arts Council Inc is located in Farmville, NC. The organization was established in 1978. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmville Community 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 06/2021, Farmville Community Arts Council Inc generated $75.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $24.2k 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
TO ESTABLISH AWARENESS & APPRECIATION FOR THE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE IS TO ESTABLISH AND MAINTAIN AN AWARENESS & APPRECIATION FOR THE CULTURAL ARTS BY CONDUCTING VARIOUS ACTIVITIES SUCH AS ARTS PROMOTION, ARTS PRODUCTIONS, PLAYS AND MUSICALS, AND ARTS SUPPORT. HUNDREDS OF ADULTS AND SCHOOL CHILDREN IN FARMVILLE AREA BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenny Patterson President | OfficerTrustee | 2 | $0 |
Fred Austin Vice Preside | OfficerTrustee | 2 | $0 |
Chip Galusha Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Edwards Secretary | OfficerTrustee | 2 | $0 |
Prince Barnette Director | Trustee | 1 | $0 |
Lori Drake Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,677 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $75,811 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $138 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $485 |
| Office expenses | $236 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,078 |
| 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 | $2,204 |
| Insurance | $3,556 |
| All other expenses | $0 |
| Total functional expenses | $24,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,614 |
| Savings and temporary cash investments | $121,649 |
| 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 | $273,671 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,515 |
| 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 | $5,515 |
| 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 | $268,156 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Farmville Community Arts Council Inc has recieved totaling $21,100.
| Awarding Organization | Amount |
|---|---|
Tuw Mamie R Perkins Char Primary Raleigh, NC PURPOSE: 501C3 PURPOSES | $20,600 |
W Russell And Patricia Davis Duke Foundation Inc Greenville, NC PURPOSE: UNRESTRICTED, LOCAL/COMMUNITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Arts Council Incorporated Winston-Salem Arts Council Winstonsalem, NC | $15,705,377 | $2,746,354 |
Chapman Cultural Center Inc Spartanburg, SC | $23,950,821 | $2,123,080 |
North Carolina Humanities Council Charlotte, NC | $2,197,159 | $2,458,418 |
Arts Council Of Fayetteville Fayetteville, NC | $3,779,003 | $2,578,724 |
United Arts Council Of Raleigh And Wake County Inc Raleigh, NC | $1,299,106 | $2,647,753 |
The Art League Inc Alexandria, VA | $1,163,966 | $1,385,812 |
Durham Arts Council Inc Durham, NC | $657,218 | $2,110,368 |
Metropolitan Arts Council Greenville, SC | $3,409,693 | $2,105,516 |
Arts Council Of Fairfax County Inc Fairfax, VA | $710,775 | $1,457,030 |
Cultureworks Inc Richmond, VA | $827,621 | $1,289,541 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC | $1,155,592 | $966,419 |