Secca Foundation
- Assets
- $227.2k
- Revenue
- $759.2k
- Investments
- $106.2k
- Employees
- 13
- Location
- Winstonsalem, NC
- Founding
- 08/1962
- Data as of
- 06/2021
- EIN
- 56-0656890
Organization Overview
Secca Foundation is located in Winstonsalem, NC. The organization was established in 1962. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Secca Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Secca Foundation 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 06/2021, Secca Foundation generated $759.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $728.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTHEASTERN CENTER FOR CONTEMPORARY ART OFFERS NUMEROUS WAYS TO EXPERIENCE THE ART OF OUR TIME. THROUGH VISUAL ART EXHIBITIONS, MUSIC, DANCE, THEATER, AND EDUCATION WE START CONVERSATIONS THAT ENGAGE DIVERSE COMMUNITIES AND PERSPECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - SECCA IS COMMITTED TO ENGAGING ITS DIVERSE PUBLIC THROUGH A VARIETY OF EDUCATIONAL PROGRAMS THAT ARE OFFERED IN A SUPPORTIVE AND WELCOMING ENVIRONMENT. AS A LEARNING LABORATORY, SECCA EMPLOYS DYNAMIC AND INNOVATIVE TEACHING STRATEGIES AND TOOLS TO CONNECT LEARNERS WITH CONTEMPORARY ART IN A BROADER SOCIAL CONTEXT. SECCA ACTIVELY COLLABORATES WITH OTHER COMMUNITY ORGANIZATIONS TO EXTEND THE IMPACT OF ITS EDUCATIONAL PROGRAMS THROUGH OFFSITE AND LONG-DISTANCE OUTREACH PROGRAMS.
EXHIBITIONS & MUSIC PROGRAMS - SECCA PRESENTS EXHIBITIONS & MUSIC PROGRAMS THAT ARE INTERNATIONAL IN SCOPE AND COGNIZANT OF THE ISSUES, IDEAS AND TECHNOLOGIES INFLUENCING THE ART OF TODAY. THE EXHIBIT & MUSIC PROGRAM PRESENTS THE ARTS FROM A GLOBAL ARENA THAT EXPLORES CONTEMPORARY TOPICS THROUGH WIDE-RANGING CONVERSATIONS. SECCA USES THEMATIC GROUP EXHIBITIONS AND ONE-PERSON SHOWS, PANEL DISCUSSIONS, TRAVELING EXHIBITIONS, AND MUSIC TO ACCOMPLISH THIS OBJECTIVE. SECCA IS ANIMATED BY A SERIES OF TEMPORARY EXHIBITIONS THAT RUN ANYWHERE FROM 3-6 MONTHS IN DURATION. SECCA PRESENTS EXHIBITIONS THAT VARY WIDELY IN SCOPE AND CONTENT FROM SOLO EXHIBITIONS TO LARGE-SCALE THEMATIC EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Woodward President | OfficerTrustee | 1 | $0 |
Vance Horner Treasurer | OfficerTrustee | 1 | $0 |
Bill Carpenter Executive Di | Officer | 40 | $0 |
Peter Juran Board Member | Trustee | 1 | $0 |
Redge Hanes Board Member | Trustee | 1 | $0 |
Christopher Oldham Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $62,907 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $579,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,717 |
| Total Program Service Revenue | $4,611 |
| Investment income | $7,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,037 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,461 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $759,156 |
| 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. | $90,671 |
| Compensation of current officers, directors, key employees. | $13,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,354 |
| Payroll taxes | $22,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,012 |
| Advertising and promotion | $5,667 |
| Office expenses | $40,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $200,887 |
| Travel | $7,726 |
| 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 | $6,350 |
| All other expenses | $28,522 |
| Total functional expenses | $728,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,313 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,200 |
| Accounts receivable, net | $5,522 |
| 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 | $971 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $106,211 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,217 |
| Accounts payable and accrued expenses | $31,489 |
| 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 | $715 |
| Total liabilities | $32,204 |
| Net assets without donor restrictions | $56,924 |
| Net assets with donor restrictions | $138,089 |
| 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 | $227,217 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Secca Foundation has recieved totaling $80,108.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 31 GRANT(S) FOR VARYING PURPOSES | $63,008 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $17,100 |
Endowment Analysis
| Beg. Balance | $96,072 |
| Earnings | $33,078 |
| Other Expense | $22,939 |
| Ending Balance | $106,211 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Spoleto Festival U S A Charleston, SC | $23,626,585 | $7,325,323 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Arts Center Of Coastal Carolina Hilton Head Island, SC | $10,441,766 | $4,547,581 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Suffolk Center For Cultural Arts Foundation Suffolk, VA | $18,737,592 | $3,812,474 |