Corinth Area Arts Council Inc
- Assets
- $81.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corinth, MS
- Founding
- 01/1981
- Data as of
- 12/2021
- EIN
- 64-0644503
Organization Overview
Corinth Area Arts Council Inc is located in Corinth, MS. The organization was established in 1981. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corinth Area 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 12/2021, Corinth Area Arts Council Inc generated $80.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $74.7k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SPONSOR SYMPHONY PERFORMANCE, THEATRE-RELATED ART PERFORMANCES, AND OTHER ART-RELATED FUNCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Orman President | 0 | $0 | |
Barbara Trapp Secretary | 0 | $0 | |
Greg Kiddy Treasurer | 0 | $0 | |
Wendy Shinault Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,300 |
| Other Revenue | $16,302 |
| Total Revenue | $80,303 |
| 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 | $16,133 |
| Occupancy, rent, utilities, and maintenance | $29,896 |
| Printing, publications, postage, and shipping | $334 |
| Other expenses | $28,296 |
| Total expenses | $74,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,875 |
| Other assets | $0 |
| Total assets | $81,579 |
| Total liabilities | $0 |
| Net assets or fund balances | $81,579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Acadiana Center For The Arts Lafayette, LA | $2,214,037 | $2,734,982 |
Arts Council Inc Huntsville, AL | $1,324,347 | $2,576,236 |
Arts Council Of New Orleans New Orleans, LA | $1,809,882 | $2,444,435 |
Arts Council Of Greater Baton Rouge Inc Baton Rouge, LA | $4,710,204 | $2,512,753 |
Alabama Humanities Foundation Birmingham, AL | $1,112,119 | $1,988,298 |
Shreveport Regional Arts Council Shreveport, LA | $6,655,707 | $1,731,229 |
Metropolitan Arts Council Birmingham, AL | $4,072,987 | $1,705,369 |
Arts And Culture Alliance Of Greater Knoxville Knoxville, TN | $1,199,560 | $1,108,020 |
Arkansas Humanities Council Inc Little Rock, AR | $1,550,015 | $1,824,377 |
Center For Art & Education Van Buren, AR | $8,555,446 | $1,725,170 |
Arts And Humanities Council Of Tuscaloosa County Inc Tuscaloosa, AL | $1,736,406 | $1,015,739 |