Artsplosure-Raleigh Arts Festival
- Assets
- $339.0k
- Revenue
- $859.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Raleigh, NC
- Founding
- 10/1980
- Data as of
- 06/2023
- EIN
- 58-1387567
Organization Overview
Artsplosure-Raleigh Arts Festival is located in Raleigh, NC. The organization was established in 1980. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Artsplosure-Raleigh Arts Festival employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artsplosure-Raleigh Arts Festival 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 06/2023, Artsplosure-Raleigh Arts Festival generated $859.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $917.4k during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE AND CULTURAL ENVIRONMENT THROUGH HIGH QUALITY ANNUAL EVENTS THAT CELEBRATE EXCELLENCE IN THE PERFORMING AND VISUAL ARTS; PROMOTE AND RECOGNIZE LOCAL, REGIONAL, AND NATIONAL ARTISTS; AND BRING ARTISTS AND THE GREATER COMMUNITY TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING ARTS AND ARTS AWARENESS IN THE CITY OF RALEIGH THROUGH THE PRODUCTION OF ARTS FESTIVALS. DONATED PROGRAM SERVICES NOT INCLUDED IN CONTRIBUTIONS OR EXPENSE TOTALED $76,202.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Dumais President | OfficerTrustee | 1 | $0 |
Jennifer Nusbaum Vice President | OfficerTrustee | 1 | $0 |
Jennifer Champion Treasurer | OfficerTrustee | 1 | $0 |
Liz Hedrick Immediate Past President | Trustee | 1 | $0 |
Ann-Cabell Baum Board Member | Trustee | 1 | $0 |
Ai-Ling Chang Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $305,470 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $540,795 |
| Total Program Service Revenue | $318,679 |
| Investment income | $377 |
| 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 | $859,851 |
| 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. | $94,381 |
| Compensation of current officers, directors, key employees. | $31,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,957 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,316 |
| Payroll taxes | $21,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,750 |
| Advertising and promotion | $11,933 |
| Office expenses | $4,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,891 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $47,308 |
| Total functional expenses | $917,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,230 |
| Savings and temporary cash investments | $110,669 |
| Pledges and grants receivable | $45,366 |
| Accounts receivable, net | $3,312 |
| 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 | $2,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,968 |
| Accounts payable and accrued expenses | $36,521 |
| 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 | $0 |
| Total liabilities | $36,521 |
| Net assets without donor restrictions | $300,853 |
| Net assets with donor restrictions | $1,594 |
| 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 | $338,968 |