Civic Intelligence

Thegifted Arts Inc

EIN 45-2650004 • 501(c)3 • Raleigh, NC

Profile

Our Mission is to transform the lives of youth through culturally responsive art and dismanlting systems of oppression with and through our art We envision a world where young people have the tools they need to successfully navigate life obstacles and ultimately embrace their gifts and purpose.

1100-142 North Raleigh BoulevardRaleigh, NC 27610

thegiftedarts.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.19x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

52nd percentile

2.6%

Higher net margin than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$36,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 29.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

84th percentile

39%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$117,926

Up $33,198 (+39%) from 2023

Liabilities

Up

$21,893

Up $21,893 from 2023

Net Assets

Up

$96,033

Up $11,305 (+13%) from 2023

Operations
Liabilities / Revenue78th percentileNet Margin52nd percentile

Revenue

Up

$439,152

Up $61,452 (+16%) from 2023

Expenses

Down

$427,847

Down $26,192 (-5.8%) from 2023

Net Income

Up

$11,305

Up $87,644 (+115%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth84th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2017: $6,173Liabilities 2017: $4,4382017Assets 2018: $26,028Liabilities 2018: $4,941Net Assets 2018: $21,0872018Assets 2019: $29,943Liabilities 2019: $0Net Assets 2019: $29,9432019Assets 2020: $72,777Liabilities 2020: $0Net Assets 2020: $72,7772020Assets 2021: $38,705Liabilities 2021: $0Net Assets 2021: $38,7052021Assets 2022: $161,067Liabilities 2022: $0Net Assets 2022: $161,0672022Assets 2023: $84,728Liabilities 2023: $0Net Assets 2023: $84,7282023Assets 2024: $117,926Liabilities 2024: $21,893Net Assets 2024: $96,0332024

Highlighted filing

2024

Assets$117,926
Liabilities$21,893
Net Assets$96,033
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2017: $35,744Expenses 2017: $29,376Net Income 2017: $6,3682017Revenue 2018: $83,207Expenses 2018: $61,987Net Income 2018: $21,2202018Revenue 2019: $123,489Expenses 2019: $114,633Net Income 2019: $8,8562019Revenue 2020: $189,444Expenses 2020: $146,610Net Income 2020: $42,8342020Revenue 2021: $220,376Expenses 2021: $254,448Net Income 2021: -$34,0722021Revenue 2022: $455,112Expenses 2022: $332,750Net Income 2022: $122,3622022Revenue 2023: $377,700Expenses 2023: $454,039Net Income 2023: -$76,3392023Revenue 2024: $439,152Expenses 2024: $427,847Net Income 2024: $11,3052024

Highlighted filing

2024

Revenue$439,152
Expenses$427,847
Net Income$11,305
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$117,926
Liabilities
$21,893
Net assets
$96,033
Revenue
$439,152
Expenses
$427,847
Net income
$11,305
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.22$0.96$4.39$4.28$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.00$0.85$3.78$4.54$0.76
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.00$1.61$4.55$3.33$1.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$2.20$2.54$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.00$0.73$1.89$1.47$0.43
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$1.23$1.15$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.05$0.21$0.83$0.62$0.21
2017Summary only. Only limited summary data is available for this year.$0.06$0.04$0.36$0.29$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 21, 2025
Return Version
2024v5.2
Gross Receipts
$439,152
Mission and Program Overview

Mission

Our mission is to strengthen the character, confidence and leadership skills of youth, empowering young people to be bold in their aspirations and become agents of social change in their communities. We encourage academic excellence and build confidence with our students, with character building techniques and the arts as a means of both creative expression and social personal development. We strongly believe in the power of intention --- that by providing in-depth opportunities for personal development, expression through the arts and access to caring adults youth are then able to discover and manifest their personal power, unique gifts and talents.

Our Mission is to transform the lives of youth through culturally responsive art and dismanlting systems of oppression with and through our art We envision a world where young people have the tools they need to successfully navigate life obstacles and ultimately embrace their gifts and purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,994$111,613▲ $34,619
Rtn Earn Endowment Incm Other Fnds$84,728$96,033▲ $11,305
Inventories for Sale or Use$3,363$0▼ $3,363
Total Assets$84,728$117,926▲ $33,198
Other Assets Total$4,371$6,313▲ $1,942
Liabilities
Other Liabilities-$21,893-
Total Liabilities$0$21,893▲ $21,893
Net Assets / Fund Balance
Total Net Assets Fund Balance$84,728$96,033▲ $11,305
Total Liabilities and Net Assets / Fund Balance$84,728$117,926▲ $33,198

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$6,313--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nichole MorganFounder, CEOFT$83,904$3,342$87,246
Clarence Morgan IIIFounder, COOFT$69,583$11,435$81,018

Board Members and Trustees

NameTitle
Rafik KeithBoard Chair
Bree CarnesBoard Member
Elliot BrodyBoard Member
Wanda LassiterBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$383,943
Program Service Revenue
$55,209
Investment Income
$0
Other Revenue
$0
All Other Contributions
$383,943
Change in Net Assets
$11,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$277,079
Other Expenses$150,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$76,744$76,744$0$153,488
Other Salaries and Wages$15,876$67,468$0$83,344
Occupancy$21,858$19,377$0$41,235
All Other Expenses$6,205$19,862$0$26,067
Fees for Services Other$6,162$18,272$0$24,434
Other Employee Benefits$0$22,050$0$22,050
Payroll Taxes$0$18,197$0$18,197
Other Expenses$0$9,199$0$9,199
Insurance$0$8,058$0$8,058
Fees for Services Accounting$0$5,750$0$5,750
Advertising$0$4,865$0$4,865
Travel$19$477$0$496
Total Functional Expenses$151,743$276,104$0$427,847
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$21,893
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
TheGifted Arts Inc
EIN
45-2650004
Phone
9198125222
Address
1100-142 North Raleigh Boulevard, Raleigh, NC 27610

Signing Officer

Name
Clarence Morgan III
Title
President
Phone
9198125222
Signed
2025-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clarence Morgan III
Formed
2011
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
8
Volunteers
3

Preparer

Firm
Rukosky Wapner and Presley LLC
Address
5901 Falls Of Neuse Rd Ste 203, Raleigh, NC 27609
Preparer
Thomas Presley CPA
Phone
9197819319
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Nichole morgan and clarence morgan iii are married.”

Pt VI, Line 11B

“The form 990 is reviewed by the finance committee and submitted to the board of directors for approval.”

Pt VI, Line 12C

“The organization conducts annual reviews to ensure compliance with its conflict of interest policy. These reviews are carried out by the board of directors or a designated compliance committee. Any issues or conflicts identified are addressed promptly and documented in the meeting minutes to ensure transparency and accountability. We also require all board members and key employees to disclose annually any conflicts of interest, which are then reviewed and managed according to the guidelines established in our policy.”

Pt VI, Line 15A

“The board reviews comparable data and compensation for each position based on national and regional information. The board then votes to accept or deny compensation”

Pt VI, Line 19

“The organization is not required to provide its governing documents, conflict of interest policy, and financial statements to the public; however, these documents are provided to certain grantors/donors as requested. The organization makes these documents available to other interested parties upon request. Financial statements and form 990 are available on guidestar at www.guidestar.org”

Pt VI, Line 15B

“The board reviews comparable data and compensation for each position based on national and regional information. The board then votes to accept or deny compensation”

Form 990, Part III, Line 4D

“Other program expense 66336. 0. 0.”

Raw XML AppendixShowing 400 of 414 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt031366
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt084728
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt096033
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0383943
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0349366
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0414695
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0201578
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0152589
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01502171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt055209
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt064334
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt040417
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt018798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt016271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0195029
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.87260
IRS990ScheduleA/PublicSupportPY509Pct00.81520
IRS990ScheduleA/PublicSupportTotal509Amt01481040
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0142545
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt073615
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0216160
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0142545
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt073615
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0216160
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0439152
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0413700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0455112
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0220376
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0168860
IRS990ScheduleA/Total509Grp/TotalAmt01697200
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01697200
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16313
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Uncategorized assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Sercurity Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021893
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06313
IRS990ScheduleD/TotalLiabilityAmt021893
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NICHOLE MORGAN AND CLARENCE MORGAN III ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CONDUCTS ANNUAL REVIEWS TO ENSURE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THESE REVIEWS ARE CARRIED OUT BY THE BOARD OF DIRECTORS OR A DESIGNATED COMPLIANCE COMMITTEE. ANY ISSUES OR CONFLICTS IDENTIFIED ARE ADDRESSED PROMPTLY AND DOCUMENTED IN THE MEETING MINUTES TO ENSURE TRANSPARENCY AND ACCOUNTABILITY. WE ALSO REQUIRE ALL BOARD MEMBERS AND KEY EMPLOYEES TO DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST, WHICH ARE THEN REVIEWED AND MANAGED ACCORDING TO THE GUIDELINES ESTABLISHED IN OUR POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS COMPARABLE DATA AND COMPENSATION FOR EACH POSITION BASED ON NATIONAL AND REGIONAL INFORMATION. THE BOARD THEN VOTES TO ACCEPT OR DENY COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS NOT REQUIRED TO PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC; HOWEVER, THESE DOCUMENTS ARE PROVIDED TO CERTAIN GRANTORS/DONORS AS REQUESTED. THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO OTHER INTERESTED PARTIES UPON REQUEST. FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON GUIDESTAR AT WWW.GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD REVIEWS COMPARABLE DATA AND COMPENSATION FOR EACH POSITION BASED ON NATIONAL AND REGIONAL INFORMATION. THE BOARD THEN VOTES TO ACCEPT OR DENY COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other program expense 66336. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part III, Line 4d
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0117926
IRS990/TotalAssetsGrp/BOYAmt084728
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0151743
IRS990/TotalFunctionalExpensesGrp/TotalAmt0427847
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt021893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt084728
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IRS990/TotalOtherCompensationAmt014777
IRS990/TotalOtherProgSrvcExpenseAmt066336
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0151743
IRS990/TotalProgramServiceRevenueAmt055209
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0439152
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IRS990/TravelGrp/FundraisingAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0410 Glenwood Ave Suite 170
IRS990/USAddress/CityNm0Raleigh
IRS990/USAddress/StateAbbreviationCd0NC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Clarence Morgan III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09198125222
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TheGifted Arts Inc
ReturnHeader/Filer/BusinessNameControlTxt0THEG
ReturnHeader/Filer/EIN0452650004
ReturnHeader/Filer/PhoneNum09198125222
ReturnHeader/Filer/USAddress/AddressLine1Txt01100-142 North Raleigh Boulevard
ReturnHeader/Filer/USAddress/CityNm0Raleigh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027610
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true

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