Watauga County Arts Council Inc
- Assets
- $127.1k
- Revenue
- $214.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Boone, NC
- Founding
- 08/1982
- Data as of
- 06/2023
- EIN
- 58-1468962
Organization Overview
Watauga County Arts Council Inc is located in Boone, 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 06/2023, Watauga County Arts Council Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watauga County 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 06/2023, Watauga County Arts Council Inc generated $214.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $205.2k during the year ending 06/2023. While expenses have increased by 6.8% 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 SPONSOR AND ENCOURAGE THE CULTURAL ARTS IN WATAUGA COUNTY, NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SUBGRANTS: GRASSROOTS, EDC, ARPA, AND ARTIST SUPPORT GRANTS
ARTS EDUCATION- CLASSES AND LESSONS
ART SALES- GALLERY AND GIFT SHOP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Williams Treasurer | Officer | 3 | $0 |
Alysa Cantor Secretary | Officer | 3 | $0 |
Gabe Wilson Bod Chair | Officer | 2 | $0 |
Amber Bateman Executive Director | Officer | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,160 |
| Total Program Service Revenue | $122,344 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $197 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,175 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,614 |
| 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 | $38,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,824 |
| Payroll taxes | $4,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,451 |
| Office expenses | $2,178 |
| Information technology | $1,456 |
| Royalties | $0 |
| Occupancy | $41,432 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,124 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,511 |
| Insurance | $0 |
| All other expenses | $1,382 |
| Total functional expenses | $205,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,945 |
| Savings and temporary cash investments | $57,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,765 |
| 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 | $7,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $127,111 |
| Accounts payable and accrued expenses | $15,943 |
| 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 | $28,372 |
| Other liabilities | $0 |
| Total liabilities | $44,315 |
| Net assets without donor restrictions | $25,051 |
| Net assets with donor restrictions | $57,745 |
| 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 | $127,111 |