Destination Cleveland County Inc
- Assets
- $7.1m
- Revenue
- $848.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Shelby, NC
- Founding
- 07/2007
- Data as of
- 06/2022
- EIN
- 20-8085344
Organization Overview
Destination Cleveland County Inc is located in Shelby, NC. The organization was established in 2007. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Destination Cleveland County Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destination Cleveland County 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, Destination Cleveland County Inc generated $848.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $978.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) 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
TO PROMOTE THE CULTURAL AND ECONOMIC DEVELOPMENT OF CLEVELAND COUNTY, NC BY UNITING OUR COUNTIES HISTORY, HERITAGE, CULTURE, AND ARTS TO CREATE A VIBRANT ECONOMY WHILE EMBRACING THE FUTURE AND PRESERVING THE PAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A REVITALIZATION PROJECT WAS COMPLETED FOR ECONOMIC DEVELOPMENT TO INCREASE TRAVEL AND CULTURAL GROWTH FOR CLEVELAND COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth Martin Executive Dir. | Officer | 50 | $70,156 |
Justin Merritt Vc / Treasurer | OfficerTrustee | 2 | $0 |
Amanda Gragg Past Chair | OfficerTrustee | 2 | $0 |
Shannon Blackley Secretary | OfficerTrustee | 2 | $0 |
Larry Dooley Chairman | OfficerTrustee | 1 | $0 |
Tom Mcnichol Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $175,857 |
| Related organizations | $0 |
| Government grants | $161,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,534 |
| Noncash contributions included in lines 1a–1f | $7,921 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $618,911 |
| Total Program Service Revenue | $152,739 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,115 |
| 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 | $28,356 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $848,896 |
| 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. | $76,148 |
| Compensation of current officers, directors, key employees. | $25,129 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,321 |
| Payroll taxes | $25,233 |
| 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 | $19,549 |
| Advertising and promotion | $36,645 |
| Office expenses | $26,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,912 |
| Travel | $2,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,114 |
| Insurance | $12,625 |
| All other expenses | $42,476 |
| Total functional expenses | $978,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,886 |
| Inventories for sale or use | $18,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,528,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343,062 |
| Total assets | $7,052,846 |
| Accounts payable and accrued expenses | $14,953 |
| Grants payable | $0 |
| Deferred revenue | $4,114 |
| 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 | $1,050,497 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,204 |
| Total liabilities | $1,161,768 |
| Net assets without donor restrictions | $5,478,263 |
| Net assets with donor restrictions | $412,815 |
| 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 | $7,052,846 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Destination Cleveland County Inc has recieved totaling $165,404.
| Awarding Organization | Amount |
|---|---|
Don Gibson American Music Foundation Nashville, TN PURPOSE: GENERAL USE | $125,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $20,379 |
Hospice Cleveland County Foundation Shelby, NC | | $10,000 |
Hospice Cleveland County Foundation Shelby, NC | | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
South Arts Inc Atlanta, GA | $7,711,292 | $5,611,811 |
Acorn Center For Restoration And Freedom Inc Covington, GA | $134,681 | $1,087,049 |
South Fulton Institute Inc Atlanta, GA | $1,909,108 | $891,815 |
Destination Cleveland County Inc Shelby, NC | $7,052,846 | $848,896 |
Jeniam Ii Foundation Memphis, TN | $1,092,809 | $484,239 |
Friends Of The Hunley Inc North Charleston, SC | $1,463,625 | $893,536 |
Tenants And Workers United Inquilinos Y Trabajadores Unidos Alexandria, VA | $1,287,907 | $1,136,060 |
Cool Spring Downtown District Inc Fayetteville, NC | $404,618 | $773,790 |
Creativets Nashville, TN | $484,880 | $860,430 |
The Arts Council Of Moore County Inc Southern Pines, NC | $756,104 | $891,925 |