Arts Council Inc Union Co
- Assets
- $941.4k
- Revenue
- $448.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Monroe, NC
- Founding
- 10/1980
- Data as of
- 06/2022
- EIN
- 58-1407004
Organization Overview
Arts Council Inc Union Co is located in Monroe, 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 06/2022, Arts Council Inc Union Co employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Council Inc Union Co 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 06/2022, Arts Council Inc Union Co generated $448.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $332.3k during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED CULTURAL AND EDUCATIONAL ACTIVITIES IN ARTS TO CITIZENS OF UNION COUNTY, NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL PROGRAMS IN THE ARTS THROUGH THE FOLLOWING PROGRAMS: 1) ARTS IN THE SCHOOLS - OVER 49,000 PEOPLE SERVED 2) GRASSROOTS PROGRAMS - OVER 33,000 PEOPLE SERVED 3) COMMUNITY PROGRAMS - OVER 20,000 PEOPLE SERVED TOTAL PEOPLE SERVED THROUGH THE ARTS PROGRAMS - 102,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Hinson Director & P | OfficerTrustee | 1 | $0 |
Ernest Collins Director | Trustee | 1 | $0 |
Michael Lanphier Director | Trustee | 1 | $0 |
Carl Bishop Director | Trustee | 1 | $0 |
Martha Wegner Director | Trustee | 1 | $0 |
Amy Jackson Director & P | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,697 |
| Related organizations | $0 |
| Government grants | $240,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,802 |
| Noncash contributions included in lines 1a–1f | $11,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,977 |
| Total Program Service Revenue | $64,665 |
| Investment income | $231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,727 |
| 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 | $135,744 |
| Pension plan accruals and contributions | $7,544 |
| Other employee benefits | $14,093 |
| Payroll taxes | $11,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,275 |
| Office expenses | $11,260 |
| Information technology | $11,449 |
| Royalties | $0 |
| Occupancy | $11,960 |
| Travel | $253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $860 |
| Insurance | $1,844 |
| All other expenses | $28,069 |
| Total functional expenses | $332,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $767,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $128,518 |
| 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 |
| Net Land, buildings, and equipment | $4,281 |
| Investments—publicly traded securities | $41,538 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $941,352 |
| Accounts payable and accrued expenses | $4,490 |
| 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 | $4,490 |
| Net assets without donor restrictions | $936,862 |
| 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 | $941,352 |