Cornelius Arts Community Center Inc

Organization Overview

Cornelius Arts Community Center Inc, operating under the name Cain Center For The Arts, is located in Cornelius, NC. The organization was established in 2017. 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, Cain Center For The Arts employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cain Center For The 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 06/2022, Cain Center For The Arts generated $7.5m in total revenue. All expenses for the organization totaled $779.7k during the year ending 06/2022. While expenses have increased by 49.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN AND OPERATE AN ARTS AND COMMUNITY CENTER IN THE TOWN OF CORNELIUS BY SERVING THE ENTIRE LAKE NORMAN REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CAIN CENTER FOR THE ARTS CONTINUES TO PROVIDE THE COMMUNITY WITH CLASSES, PROGRAMS, EXHIBITS, CONCERTS, AND OTHER FAMILY-FRIENDLY EVENTS AS WE OPERATE THE CORNELIUS ARTS CENTER FACILITY. WE HAVE ALSO PARTNERED WITH MANY COMMUNITY ORGANIZATIONS TO OFFER PRIVATE MUSIC LESSONS, FREE SHOWS IN LOCAL SCHOOLS, AND SCHOLARSHIP ASSISTANCE FOR THOSE IN NEED.


CAIN CENTER FOR THE ARTS CONTINUES TO PROVIDE THE COMMUNITY WITH CLASSES, PROGRAMS, EXHIBITS, CONCERTS, AND OTHER FAMILY-FRIENDLY EVENTS AS WE OPERATE THE CORNELIUS ARTS CENTER FACILITY. WE HAVE ALSO PARTNERED WITH MANY COMMUNITY ORGANIZATIONS TO OFFER PRIVATE MUSIC LESSONS, FREE SHOWS IN LOCAL SCHOOLS, AND SCHOLARSHIP ASSISTANCE FOR THOSE IN NEED.


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Board, Officers & Key Employees

Name (title)Compensation
Justin Dionne
Executive Director
$129,560
Greg Wessling
President
$0
Pat Bechdol
Vice President
$0
Cynthia Bush
Secretary
$0
Bill Ward
Treasurer
$0
Troy Stafford
Board Of Directors
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$16,635
Related organizations$0
Government grants $4,144,746
All other contributions, gifts, grants, and similar amounts not included above$3,156,258
Noncash contributions included in lines 1a–1f $630,000
Total Revenue from Contributions, Gifts, Grants & Similar$7,317,639
Total Program Service Revenue$136,907
Investment income $31,429
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$12,503
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,473,472

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Cornelius Arts Community Center Inc has recieved totaling $105,000.

Awarding OrganizationAmount
The Bost Foundation

Cornelius, NC

PURPOSE: ART CENTER

$100,000
David E Maguire Foundation Inc

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$5,000
View Grant Recipient Profile

Endowment Analysis

Earnings-$20,656
Net Contributions$497,000
Ending Balance$476,344

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