Gadsden Cultural Arts Foundation Inc

Organization Overview

Gadsden Cultural Arts Foundation Inc is located in Gadsden, AL. The organization was established in 1986. 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 12/2022, Gadsden Cultural Arts Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gadsden Cultural Arts Foundation 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 12/2022, Gadsden Cultural Arts Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION OF ARTISTIC ACTIVITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

YOUTH SYMPHONY ORCHESTRA - LOCAL SCHOOL STUDENTS PARTICIPATE IN THIS GROUP WHICH HAS 273 MEMBERS AND PERFORMS REGULARLY, BOTH IN GADSDEN AND OUT OF STATE.


EXHIBITS - THERE ARE NUMEROUS EXHIBITS AT THE CENTER EACH YEAR.


CLASSES - CLASSES DESIGNED TO OFFER INSTRUCTION SUCH AS ART, DANCE, AND MUSIC TO APPROXIMATELY 713 PEOPLE IN THE COMMUNITY.


VARIOUS OTHER PROGRAMS - IMAGINATION PLACE, GADSDEN SYMPHONY ORCHESTRA, PROJECT INCOME


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Board, Officers & Key Employees

Name (title)Compensation
Kay Moore
Treasurer
$0
Jessica Brown
Vice Chairman
$0
Catherine Martin
Chairman
$0
Elisabeth Hardin
Secretary
$0
Noorkarim Nagji
Director
$0
Cody Robinson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$23,220
Fundraising events$0
Related organizations$0
Government grants $458,896
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$482,116
Total Program Service Revenue$832,381
Investment income $57,995
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $50,283
Net Income from Fundraising Events $68,437
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,493,599

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Gadsden Cultural Arts Foundation Inc has recieved totaling $15,053.

Awarding OrganizationAmount
Daniel Foundation Of Alabama

Birmingham, AL

PURPOSE: CHARITABLE

$15,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$53
View Grant Recipient Profile

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