The Classic Center Cultural Foundation Inc is located in Athens, GA. The organization was established in 2001. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Classic Center Cultural Foundation 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 06/2022, Classic Center Cultural Foundation Inc generated $507.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $472.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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
SUPPORT CLASSIC CENTER PROMOTE CULTURAL AWARENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - GIVEN TO COMMUNITY HIGH SCHOOL PERFORMING ARTS, CULINARY ARTS, AND VISUAL ARTS STUDENTS
SPONSORSHIPS - GIVEN TO LOCAL NON-PROFIT ORGANIZATIONS
CELEBRATION OF THE ARTS, SHOW RECEPTIONS, AND OTHER EVENTS - MEMBER EV HELD TO PROMOTE THE CLASSIC CENTER OF ATHENS, GA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Cramer Exofficio | Trustee | 10 | $0 |
Beth Bryant Director | Trustee | 40 | $0 |
Jack Crowley President | OfficerTrustee | 5 | $0 |
Gwen O'looney Vice President | OfficerTrustee | 5 | $0 |
Chad Brown Secretary | OfficerTrustee | 5 | $0 |
Jinx Patel Treasurer | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $160,738 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $27,418 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $188,156 |
Total Program Service Revenue | $138,312 |
Investment income | $104,812 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$2,655 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $77,430 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $507,055 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $14,339 |
Grants and other assistance to domestic individuals. | $51,381 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $19,613 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $164,329 |
Fees for services: Legal | $6,911 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $9,874 |
Fees for services: Other | $0 |
Advertising and promotion | $7,932 |
Office expenses | $891 |
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 | $5,612 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $182,523 |
Total functional expenses | $472,380 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $183,121 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $81,309 |
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 | $6,095 |
Net Land, buildings, and equipment | $170,000 |
Investments—publicly traded securities | $1,749,280 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,189,805 |
Accounts payable and accrued expenses | $52,304 |
Grants payable | $0 |
Deferred revenue | $260,100 |
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 | $155,612 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $468,016 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $1,721,789 |
Total liabilities and net assets/fund balances | $2,189,805 |
Over the last fiscal year, The Classic Center Cultural Foundation Inc has awarded $18,897 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
HISTORIC COBBHAM FOUNDATIO PURPOSE: MOSAICS COBBHAM TRIANGLE | $5,000 |
CLASSIC CENTER AUTHORITY PURPOSE: MASK MAKING | $13,897 |