Randolph Arts Guild
- Assets
- $461.1k
- Revenue
- $340.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Asheboro, NC
- Founding
- 08/1982
- Data as of
- 06/2024
- EIN
- 58-1365111
Organization Overview
Randolph Arts Guild is located in Asheboro, NC. The organization was established in 1982. 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, Randolph Arts Guild employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randolph Arts Guild 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, Randolph Arts Guild generated $340.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $201.0k during the year ending 06/2024. 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
TO PROMOTE SELF EXPRESSION AND APPRECIATION FOR THE ARTS IN RANDOLPH COUNTY, NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALLERY - TO PROMOTE THE WORK OF LOCAL ARTISTS.
MISCELLANEOUS PROGRAMS INCLUDING GRASSROOTS GRANT AND ART CLASSES
CRAFT SHOP - PROVIDES SUPPORT FOR PROGRAMS AND EXPOSURE FOR ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Longuillo Director | Trustee | 40 | $47,995 |
Chip Foust Board Member | Trustee | 1 | $0 |
David Gaskin Board Member | Trustee | 1 | $0 |
Quinton Louris Board Member | Trustee | 1 | $0 |
Joshua Pugh Immediate Past President | Trustee | 1 | $0 |
Amber Scarlett Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,295 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $224,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,056 |
| Total Program Service Revenue | $52,313 |
| Investment income | $333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,780 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,657 |
| 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 | $56,074 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,056 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,080 |
| Insurance | $0 |
| All other expenses | $18,968 |
| Total functional expenses | $200,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16 |
| 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 | $115,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $461,065 |
| 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 | $1,683 |
| Total liabilities | $1,683 |
| Net assets without donor restrictions | $442,600 |
| Net assets with donor restrictions | $16,782 |
| 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 | $461,065 |
Grants Awarded
Over the last fiscal year, Randolph Arts Guild has awarded $34,657 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RANDOLPH YOUTH THEATER COMPANY PURPOSE: Specific Project | $15,000 |
RHINOLEAP PRODUCTIONS PURPOSE: Specific Project | $16,857 |
ASHEBORO CITY SCHOOLS PURPOSE: Specific Project | $2,800 |