Chatham Creative Arts Incubator Inc

Organization Overview

Chatham Creative Arts Incubator Inc is located in Siler City, NC. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chatham Creative Arts Incubator 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 12/2021, Chatham Creative Arts Incubator Inc generated $61.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $62.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ART SUPPORT SERVICES & EDUCATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES LOW COST STUDIO & WORKSHOP SPACE TO NEW & EXISTING ARTISTS AND ART BUSINESSES; PROVIDES LOW-COST MARKET OUTLET TO ARTIST; PROVIDES MEETING SPACE TO LOCAL ORGANIZATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Denis DE St Aubin Jr
Director
$0
Wren Farrar
Secretary
$0
Krystal Foxx
Director
$0
Michelle Rodriguez
Director
$0
Lisa Fedele
Chair Person
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,365
All other contributions, gifts, grants, and similar amounts not included above$23,754
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$29,119
Total Program Service Revenue$30,556
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 $2,196
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $61,871

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Chatham Creative Arts Incubator Inc has recieved totaling $37,500.

Awarding OrganizationAmount
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$20,500
Chatham County Arts Council Incorporated

Pittsboro, NC

PURPOSE: TO SUPPORT ARTISTS IN NC

$8,500
Chatham County Arts Council Incorporated

Pittsboro, NC

PURPOSE: TO SUPPORT ARTISTS IN NC

$8,500
View Grant Recipient Profile

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