Civic Intelligence

Secca Foundation

EIN 56-0656890 • 501(c)3 • Winston Salem, NC

Profile

The southeastern center for contemporary art offers numerous ways to experience the art of our time. Through visual art exhibitions, music, dance, theater, and education we start conversations that engage diverse communities and perspectives.

750 Marguerite DriveWinston Salem, NC 27106

www.secca.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

33%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $202,880 (-100%) from 2022

Liabilities

Down

$0

Down $53,097 (-100%) from 2022

Net Assets

Down

$0

Down $149,783 (-100%) from 2022

Revenue

Up

$1,111,449

Up $273,753 (+33%) from 2022

Expenses

Up

$1,261,889

Up $412,022 (+48%) from 2022

Net Income

Down

-$150,440

Down $138,269 (-1136%) from 2022

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $422,873Liabilities 2011: $10,221Net Assets 2011: $412,6522011Assets 2012: $288,667Liabilities 2012: $65,173Net Assets 2012: $223,4942012Assets 2013: $186,912Liabilities 2013: $52,842Net Assets 2013: $134,0702013Assets 2014: $293,964Liabilities 2014: $65,349Net Assets 2014: $228,6152014Assets 2015: $311,305Liabilities 2015: $49,219Net Assets 2015: $262,0862015Assets 2016: $267,320Liabilities 2016: $15,850Net Assets 2016: $251,4702016Assets 2017: $271,107Liabilities 2017: $13,335Net Assets 2017: $257,7702017Assets 2018: $191,425Liabilities 2018: $41,977Net Assets 2018: $149,4482018Assets 2019: $206,036Liabilities 2019: $34,951Net Assets 2019: $171,0852019Assets 2020: $175,291Liabilities 2020: $37,019Net Assets 2020: $138,2722020Assets 2021: $227,217Liabilities 2021: $32,204Net Assets 2021: $195,0132021Assets 2022: $202,880Liabilities 2022: $53,097Net Assets 2022: $149,7832022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $944,919Expenses 2011: $765,154Net Income 2011: $179,7652011Revenue 2012: $921,594Expenses 2012: $1,105,634Net Income 2012: -$184,0402012Revenue 2013: $787,619Expenses 2013: $887,572Net Income 2013: -$99,9532013Revenue 2014: $923,759Expenses 2014: $840,173Net Income 2014: $83,5862014Revenue 2015: $943,602Expenses 2015: $902,351Net Income 2015: $41,2512015Revenue 2016: $944,077Expenses 2016: $843,156Net Income 2016: $100,9212016Revenue 2017: $834,444Expenses 2017: $840,458Net Income 2017: -$6,0142017Revenue 2018: $707,279Expenses 2018: $822,721Net Income 2018: -$115,4422018Revenue 2019: $707,194Expenses 2019: $680,093Net Income 2019: $27,1012019Revenue 2020: $631,952Expenses 2020: $662,614Net Income 2020: -$30,6622020Revenue 2021: $759,156Expenses 2021: $728,236Net Income 2021: $30,9202021Revenue 2022: $837,696Expenses 2022: $849,867Net Income 2022: -$12,1712022Revenue 2023: $1,111,449Expenses 2023: $1,261,889Net Income 2023: -$150,4402023

Highlighted filing

2023

Revenue$1,111,449
Expenses$1,261,889
Net Income-$150,440

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 23, 2023
Return Version
2022v5.0
Gross Receipts
$1,129,096
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$89,528--
Investments Other Securities$81,655--
Pledges and Grants Receivable$22,000--
Accounts Receivable$8,303--
Prepaid Expenses and Deferred Charges$1,394--
Total Assets$202,880$0▼ $202,880
Liabilities
Accounts Payable and Accrued Expenses$53,097--
Total Liabilities$53,097$0▼ $53,097
Net Assets / Fund Balance
Net Assets With Donor Restrictions$126,107--
Net Assets Without Donor Restrictions$23,676--
Total Net Assets Fund Balance$149,783$0▼ $149,783
Total Liabilities and Net Assets / Fund Balance$202,880$0▼ $202,880

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$81,655-▲ $291$81,946-
2022$106,211-▼ $24,556-$81,655
2021$96,072-▲ $33,078$22,939$106,211
2020$102,032-▲ $1,837$7,797$96,072
2019$100,305-▲ $1,727-$102,032
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
William J CarpenterExecutive DirectorFT$176,022$176,022

Board Members and Trustees

NameTitle
Lindsey SchwabPresident
Amy LanningBoard Member
Ashley GivensBoard Member
Chad DownardBoard Member
Forrest StatonBoard Member
Jane ClarkeBoard Member
Lisa FoxBoard Member
Mason FreemanBoard Member
Mo McCraeBoard Member
Nikita WallaceBoard Member
Pete FalaBoard Member
Redge HanesBoard Member
Sheldon MoserBoard Member
Gloria Ysasi-DiazTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,023,867
Program Service Revenue
$39,380
Investment Income
$17,641
Other Revenue
$30,561
All Other Contributions
$975,117
Change in Net Assets
$-150,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$823,659
Total Fundraising Expense$569,954
Salaries, Compensation, and Employee Benefits$438,230
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,960$53,035$56,570$353,565
Fees for Services Other$68,504$3,992$12,021$84,517
Fees for Services Accounting$42,605$9,262$9,879$61,746
Occupancy$35,354$8,089$9,128$52,571
Pension Plan Contributions$26,338$7,192$6,107$39,637
All Other Expenses$21,725$3,276$3,834$28,835
Office Expenses$19,507$3,052$6,221$28,780
Payroll Taxes$19,336$4,204$4,484$28,024
Travel$18,890$1,303$1,489$21,682
Other Employee Benefits$11,909$2,333$2,762$17,004
Advertising$2,279-$5,076$7,355
Other Expenses$14,643$3,823$6,700$6,700
Insurance$4,031$876$935$5,842
Total Functional Expenses$591,498$100,437$569,954$1,261,889
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
Federal income taxes-
Simple IRA Withheld-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Election of members and their rights The Museum, the North Carolina Department of Cultural Resources, and the James G. Hanes Foundation can all elect members to the Board of Directors.

Form 990, Part VI, Section A, Line 7B

Decisions subject to approval of members The SECCA Foundation board is set up to govern the SECA Foundation, whose sole purpose is to provide support and funding to the State entity that is the Southeastern Center for Contemporary Art. The State of North Carolina through the Department of Cultural Resources has the final say on any program and/or operating policy that involves SECCA.

Form 990, Part VI, Section B, Line 11B

Organizations process to review form 990 The Board Treasurer reviews the 990 prior to filing.

Form 990, Part VI, Section B, Line 15A

Compensation process for top official The Executive Director is an employee of the State of North Carolina and is not employed by the SECCA Foundation. As Executive Director, this position supervises all SECCA employees, including State and Foundation employees. The Executive Directors salary is set and determined by the State of North Carolinas Office of State Personnel in conjunction with the NC Department of Cultural Resources and the NC Museum of Art.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation All governing documents, conflict of interest policy and financial statements are available to the public upon request. Requests should be in writing and nothing will be sent via electronic means, but through US Post or hand delivery.

Filing and Contact Details

Filer

Filer Name
SECCA Foundation
EIN
56-0656890
Phone
3367251904
Address
750 Marguerite Drive, Winston Salem, NC 27106

Signing Officer

Name
Gloria Ysasi-Diaz
Title
Treasurer
Phone
3367251904
Signed
2023-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gloria Ysasi-Diaz
Formed
1956
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
10
Volunteers
14

Preparer

Firm
Outfitters4 Inc
Address
715 Coliseum Dr NW Suite 100, Winston Salem, NC 27106
Preparer
Brittany Emery
Phone
8889299499
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Form 990 - Organizations mission or most significant activities The Southeastern Center for Contemporary Art offers numerous ways to experience the art of our time. Through visual art exhibitions, music, dance, theater, and education we start conversations that engage diverse communities and perspectives.

Form 990, Part II, Section B, Line 12C

Enforcement of conflicts policy The SECCA Foundation has a conflict of interest policy in place that defines a conflict of interest and procedures for ensuring that conflicts do not arise. Each newly elected board member is required to agree and adhere to the policy with their signature on the document. Each year, at the annual meeting, the conflict of interest policy is reviewed, amended and each board member is required to sign the updated version.

Form 990, Part III, Line 1

Form 990 - Organizations mission or most significant activities The Southeastern Center for Contemporary Art offers numerous ways to experience the art of our time. Through visual art exhibitions, music, dance, theater, and education we start conversations that engage diverse communities and perspectives.

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