Alamance County Arts Council Inc
- Assets
- $1.3m
- Revenue
- $642.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Graham, NC
- Founding
- 06/1964
- Data as of
- 06/2022
- EIN
- 56-0751151
Organization Overview
Alamance County Arts Council Inc is located in Graham, NC. The organization was established in 1964. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Alamance County Arts Council Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alamance County Arts Council 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, Alamance County Arts Council Inc generated $642.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $482.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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
SHAPE THE CULTURAL IDENTITY OF ALAMANCE COUNTY BY MAKING ART A TANGIBLE PRESENCE IN THE LIVES OF ITS CITIZENS. STRIVE TO ENHANCE THE QUALITY OF LIFE BY ENGAGING PEOPLE IN A DIVERSE ARRAY OF ART THROUGH THE DELIVERY OF PROGRAMMING AND EDUCATION AND THROUGH THE PROVISION OF FACILITIES, PROMOTION AND FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL PROVIDES PROGRAMS THROUGHOUT THE YEAR AND IN THE COMMUNITY THROUGH ART SHOWS, CONCERTS, ART TRAVEL PROGRAMS, CHILDREN'S ART ACTIVITIES AND OTHER PROGRAMS THAT ENHANCE THE COMMUNITIES KNOWLEDGE AND ENJOYMENT OF VARIOUS ART ACTIVITIES.
ASSOCIATED MEMBER GROUPS THROUGHOUT THE COUNTY PROVIDE A VARIOUS ARRAY OF ART ACTIVITIES ANNUALLY THROUGH ART FESTIVALS,INSTRUMENTAL AND VOCAL CONCERTS AND PLAY PERFORMANCES AND DEVELOPMENT OF WRITING SKILLS THROUGH STUDY, PRACTICE AND AUDITIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Graus Vice Preside | OfficerTrustee | $0 | |
Edna Parker President | OfficerTrustee | $0 | |
Harold Vincent Vice Preside | OfficerTrustee | $0 | |
Leanna Giles Treasurer | OfficerTrustee | $0 | |
Francis Barnes President | OfficerTrustee | $0 | |
Carolyn Langley Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $113,275 |
| Fundraising events | $60,329 |
| Related organizations | $0 |
| Government grants | $246,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,343 |
| Noncash contributions included in lines 1a–1f | $66,851 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,147 |
| Total Program Service Revenue | $153,419 |
| Investment income | $6,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,700 |
| Net Gain/Loss on Asset Sales | $8,273 |
| Net Income from Fundraising Events | -$14,565 |
| Net Income from Gaming Activities | $15,942 |
| Net Income from Sales of Inventory | -$4,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $642,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,426 |
| 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 | $144,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,810 |
| Payroll taxes | $11,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,592 |
| Fees for services: Other | $69,741 |
| Advertising and promotion | $3,576 |
| Office expenses | $46,415 |
| Information technology | $2,458 |
| Royalties | $0 |
| Occupancy | $27,753 |
| Travel | $6,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,186 |
| Insurance | $12,035 |
| All other expenses | $2,224 |
| Total functional expenses | $482,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,974 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,375 |
| Prepaid expenses and deferred charges | $13,334 |
| Net Land, buildings, and equipment | $51,931 |
| Investments—publicly traded securities | $353,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,659 |
| Total assets | $1,271,349 |
| Accounts payable and accrued expenses | $13,152 |
| 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 | $13,152 |
| Net assets without donor restrictions | $1,097,451 |
| Net assets with donor restrictions | $160,746 |
| 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 | $1,271,349 |
Grants Awarded
Over the last fiscal year, Alamance County Arts Council Inc has awarded $12,054 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, NC PURPOSE: COVER EXPENSES | $6,166 |
Graham, NC PURPOSE: COVER EXPENSES | $5,888 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alamance County Arts Council Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $250 |
Endowment Analysis
| Beg. Balance | $380,310 |
| Earnings | -$53,723 |
| Admin Expense | $3,592 |
| Net Contributions | $30,424 |
| Ending Balance | $353,419 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Arts Council Incorporated Winston-Salem Arts Council Winstonsalem, NC | $15,705,377 | $2,746,354 |
Chapman Cultural Center Inc Spartanburg, SC | $23,950,821 | $2,123,080 |
North Carolina Humanities Council Charlotte, NC | $2,197,159 | $2,458,418 |
Arts Council Of Fayetteville Fayetteville, NC | $3,779,003 | $2,578,724 |
United Arts Council Of Raleigh And Wake County Inc Raleigh, NC | $1,299,106 | $2,647,753 |
The Art League Inc Alexandria, VA | $1,163,966 | $1,385,812 |
Durham Arts Council Inc Durham, NC | $657,218 | $2,110,368 |
Metropolitan Arts Council Greenville, SC | $3,409,693 | $2,105,516 |
Arts Council Of Fairfax County Inc Fairfax, VA | $710,775 | $1,457,030 |
Cultureworks Inc Richmond, VA | $827,621 | $1,289,541 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC | $1,155,592 | $966,419 |