North Carolina Arts Foundation
- Assets
- $1.1m
- Revenue
- $757.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/2014
- Data as of
- 06/2022
- 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 06/2022, Foundation For North Carolina generated $757.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $557.1k during the year ending 06/2022. While expenses have increased by 15.5% per year over the past 7 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.
Since 2015, Foundation For North Carolina has awarded 11 individual grants totaling $1,283,627. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT, FOSTER, AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OFTHE NORTH CAROLINA ARTS COUNCIL AND ITS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH CAROLINA ARTS COUNCIL A+ SCHOOLS PROGRAM: ADMINISTERED CONTRACT SERVICES TO SUPPORT THE NATION A+ SCHOOLS NETWORK. CONDUCTED TEACHER TRAINING. CONTINUED DEVELOPMENT TO IDENTIFY MATERIALS TO PROMOTE SCHOOL RECRUITMENT.
NORTH CAROLINA ARTS COUNCIL TRADITIONAL ARTS PROGRAMS FOR STUDENTS (TAPS): ADMINISTERESD CONTRACT SERVICES TO SUPPORT COMMUNITY ORGANIZATIONS WITH FUNDING FOR AFTER SCHOOL PROGRAMS THAT UNITE NORTH CAROLINA ELEMENTARY AND MIDDLES SCHOOL STUDENTS WITH LOCAL TRADITIONAL ARTISTS.
OTHER PROGRAMS: VARIOUS PROGRAMS TO INTEGRATE ARTS INTO THE LIVES OF NORTH CAROLINA CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Martin Executive Director - Interim | Officer | 20 | $25,600 |
John Willingham President | OfficerTrustee | 1 | $0 |
Stephanie Mitchell President Elect | OfficerTrustee | 0.5 | $0 |
Vicki Vitiello Treasurer | Officer | 5 | $0 |
Chad Cheek Director | Trustee | 0.25 | $0 |
Joe Logan Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $751,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $756,542 |
| Total Program Service Revenue | $0 |
| Investment income | $856 |
| 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 | $757,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $419,000 |
| 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. | $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 | $79,407 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,752 |
| Advertising and promotion | $0 |
| Office expenses | $3,858 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9,801 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,227 |
| All other expenses | $0 |
| Total functional expenses | $557,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,954 |
| Savings and temporary cash investments | $984,713 |
| 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 | $1,142,667 |
| 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 | $157,954 |
| Net assets with donor restrictions | $984,713 |
| 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 | $1,142,667 |
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 |
Winstonsalem, NC PURPOSE: Elliott Bowles Memorial | $5,627 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Arts Foundation has recieved totaling $46.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Container Royalties Supplemental Charleston, SC | $25,129,094 | $39,744,859 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
St Vincents Home Roanoke, VA | $12,045,312 | $7,784,150 |