North Carolina Arts Foundation
- Assets
- $718.2k
- Revenue
- $262.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-3987880
Organization Overview
North Carolina Arts Foundation, operating under the name Foundation For North Carolina, is located in Raleigh, NC. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For North Carolina 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 06/2023, Foundation For North Carolina generated $262.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $698.2k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLABORATE WITH INDIVIDUALS, ARTS AND CULTURAL ORGANIZATIONS, OTHER FOUNDATIONS AND BUSINESSES, AND THE NORTH CAROLINA ARTS COUNCIL TO SUPPORT ARTS PROGRAMS THAT HAVE PROVEN PUBLIC VALUE AND ARE STATEWIDE OR REGIONAL IN SCOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A+ SCHOOLS OF NORTH CAROLINA- RECEIVED GRANTS FOR A+ SCHOOLS OF NORTH CAROLINA, A PROGRAM OF THE NORTH CAROLINA ARTS COUNCIL, AND ADMINISTERED CONTRACTED SERVICES TO SUPPORT TEACHER TRAINING, RECRUITMENT OF TEACHING ARTISTS, AND CUSTOMIZED PROFESSIONAL DEVELOPMENT FOR PARTICIPATING SCHOOLS IN THE A+ NETWORK.
KEYS FOR KIDS FUNDS A STATEWIDE NETWORK OF ARTS PARTNERS THAT ASSIST YOUNG PEOPLE IN NORTH CAROLINA WHO WANT TO LEARN TO PLAY PIANO BY PROVIDING MUSIC INSTRUCTION AND INSTRUMENTS AT LITTLE OR NO COST TO THE STUDENT.
TRADITIONAL PROGRAM FOR STUDENTS (TAPS): TAPS, AN INITIATIVE OF THE NORTH CAROLINA ARTS COUNCIL, PROVIDES COMMUNITY ORGANIZATIONS WITH FUNDING FOR AFTER-SCHOOL PROGRAMS THAT UNITE NORTH CAROLINA ELEMENTARY AND MIDDLE SCHOOL STUDENTS WITH TRADITIONAL ARTISTS WHO PROVIDE INSTRUCTION IN ART FORMS THAT HAVE DEEP CULTURAL ROOTS IN THE LOCAL COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Willingham President | OfficerTrustee | 1 | $0 |
Marla Adams President Elect | OfficerTrustee | 0.5 | $0 |
Chad Cheek Director | Trustee | 0.25 | $0 |
Joe Logan Director | Trustee | 0.25 | $0 |
Henry Walston Director | Trustee | 0.25 | $0 |
Stephen Hill Ex Officio | Trustee | 1 | $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 | $215,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,017 |
| Total Program Service Revenue | $0 |
| Investment income | $16,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $386,000 |
| 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. | $70,400 |
| Compensation of current officers, directors, key employees. | $70,400 |
| 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 | $152,399 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $14,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,950 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42,954 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,827 |
| All other expenses | $0 |
| Total functional expenses | $698,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,336 |
| Savings and temporary cash investments | $664,892 |
| 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 | $718,228 |
| Accounts payable and accrued expenses | $11,258 |
| 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 | $11,258 |
| Net assets without donor restrictions | $90,567 |
| Net assets with donor restrictions | $616,403 |
| 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 | $718,228 |
Grants Awarded
Over the last fiscal year, North Carolina Arts Foundation has awarded $393,627 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA ARTS COUNCIL PURPOSE: A+ Schools programs | $388,000 |
ARTS COUNCIL OF WINSTON-SALEM PURPOSE: Elliott Bowles Memorial | $5,627 |