Freedman Arts District Inc
- Assets
- $1.4m
- Revenue
- $87.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaufort, SC
- Founding
- Data as of
- 12/2023
- EIN
- 88-2601196
Organization Overview
Freedman Arts District Inc is located in Beaufort, SC. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Freedman Arts District Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FREEDMAN ARTS DISTRICT IS COMMITTED TO NURTURING A THRIVING ARTS COMMUNITY BY PROVIDING SUPPORT TO LOCAL ARTISTS AND ENGAGING WITH ART ENTHUSIASTS WITHIN THE DISTRICT. THIS SUPPORT INCLUDES CUSTOMIZED OUTREACH INITIATIVES AND STRATEGIC MARKETING EFFORTS TO SHOWCASE THE CREATIVE TALENT IN THE AREA. WITH THE HELP OF COMMUNITY LEADERS, BUSINESSES, VENDORS & DONORS, THE FREEDMAN ARTS DISTRICT ALSO WORKS WITH PROPERTY OWNERS TO RENOVATE HOMES WITHIN THE DISTRICT, SAVING VITAL PIECES OF HISTORY WHEN POSSIBLE; AND ASSISTING IN REMOVAL AND NEW CONSTRUCTION WHEN RENOVATION ISNT A VIABLE OPTION. THIS COOPERATIVE WORK RESTORES THE FABRIC OF THE COMMUNITY WHILE ENCOURAGING OWNERSHIP TO STAY WITHIN THE FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FREEDMAN ARTS DISTRICT IS COMMITTED TO NURTURING A THRIVING ARTS COMMUNITY BY PROVIDING SUPPORT TO LOCAL ARTISTS AND ENGAGING WITH ART ENTHUSIASTS WITHIN THE DISTRICT. THIS SUPPORT INCLUDES CUSTOMIZED OUTREACH INITIATIVES AND STRATEGIC MARKETING EFFORTS TO SHOWCASE THE CREATIVE TALENT IN THE AREA. WITH THE HELP OF COMMUNITY LEADERS, BUSINESSES, VENDORS & DONORS, THE FREEDMAN ARTS DISTRICT ALSO WORKS WITH PROPERTY OWNERS TO RENOVATE THESE STRUCTURES, SAVING VITAL PIECES OF HISTORY WHEN POSSIBLE; AND ASSISTING IN REMOVAL AND NEW CONSTRUCTION WHEN RENOVATION ISNT A VIABLE OPTION. THIS COOPERATIVE WORK RESTORES THE FABRIC OF THE COMMUNITY WHILE ENCOURAGING OWNERSHIP TO STAY WITHIN THE FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Stewart Chairman | Officer | 15 | $0 |
Stacy Applegate Executive Director From January - October | 25 | $0 | |
Angela Dore Executive Director From November - December | Officer | 25 | $0 |
William Quarles Treasurer | Officer | 15 | $0 |
Martha Moriarty Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,871 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $87,871 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $52,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,453 |
| Advertising and promotion | $7,869 |
| Office expenses | $877 |
| 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 | $1,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,898 |
| All other expenses | $6,478 |
| Total functional expenses | $83,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,200,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $174,473 |
| 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 | $1,436,682 |
| Accounts payable and accrued expenses | $3,425 |
| 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 | $1,417,798 |
| Other liabilities | $0 |
| Total liabilities | $1,421,223 |
| Net assets without donor restrictions | $15,459 |
| 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 | $1,436,682 |