Wilmington Art Association Inc
- Assets
- $83.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 05/1987
- Data as of
- 12/2023
- EIN
- 56-1101435
Organization Overview
Wilmington Art Association Inc is located in Wilmington, NC. The organization was established in 1987. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilmington Art Association 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 12/2023, Wilmington Art Association Inc generated $79.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $73.0k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Payne President | 10 | $0 | |
Chantay Allen Vice President | 10 | $0 | |
Diane Thorgrimson Secretary | 10 | $0 | |
Melissa Dupuis Treasurer | 10 | $0 | |
Bradley Carter Past President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,508 |
| Total Program Service Revenue | $63,984 |
| Membership dues | $9,260 |
| Investment income | $366 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,118 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $2,710 |
| Printing, publications, postage, and shipping | $176 |
| Other expenses | $69,628 |
| Total expenses | $73,014 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,378 |
| Other assets | $0 |
| Total assets | $83,486 |
| Total liabilities | $0 |
| Net assets or fund balances | $83,486 |