Academy Of Arts
- Assets
- $0.0
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 53
- Location
- Taylors, SC
- Founding
- 06/1971
- Data as of
- 09/2022
- EIN
- 59-1525472
Organization Overview
Academy Of Arts is located in Taylors, SC. The organization was established in 1971. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Academy Of Arts employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Arts 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 09/2022, Academy Of Arts generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.6m during the year ending 09/2022. While expenses have increased by 9.1% per year over the past 6 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
PROMOTE THE CHRISTAIN FAITH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE CHRISTAIN FAITH THROUGH DRAMA,MUSIC IN SCHOOLS, CHURCHES AND GENERAL EDUCATION OF YOUNG PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noah Stratton Chief Executive Officer | Trustee | 40 | $0 |
Nicole Stratton Artistic Director | Trustee | 40 | $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 | $350,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,540 |
| Total Program Service Revenue | $1,617,378 |
| Investment income | $49 |
| 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 | $1,967,967 |
| 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 | $610,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $121,707 |
| 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 | $902 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,635 |
| All other expenses | $610,115 |
| Total functional expenses | $1,564,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Academy Of Arts has recieved totaling $144,538.
| Awarding Organization | Amount |
|---|---|
Dawn Laurel Foundation Clemson, SC PURPOSE: GENERAL FUND | $100,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $23,391 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penland School Of Craft Penland, NC | $77,347,904 | $8,195,417 |
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Artsplus Charlotte, NC | $2,425,687 | $2,154,815 |
Academy Of Arts Taylors, SC | $0 | $1,967,967 |
Governors School For The Arts Fdn Inc Greenville, SC | $6,951,882 | $1,280,520 |
Artspace Inc Raleigh, NC | $1,201,619 | $651,834 |
Open Hearts Art Center Asheville, NC | $896,904 | $891,931 |
Artportunity Knocks Atlanta, GA | $37,008 | $383,836 |
Greenville Center For Creative Arts Greenville, SC | $3,673,648 | $964,186 |
Johns Creek Community Arts Center Duluth, GA | $930,349 | $817,366 |
Murray Arts Center Foundation Inc Kennesaw, GA | $10,097,234 | $0 |
Emerge Gallery Art Center Greenville, NC | $602,174 | $728,977 |