Civic Intelligence

Cabarrus Arts Council Inc.

990 • Fiscal year 2017 • EIN 56-1317473

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

PO Box 809Concord, NC 28026

(704) 920-2787

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

39th percentile

0.0%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

40th percentile

0.0%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

0.1%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$515,764

Up $206 (+0.0%) from 2016

Net Assets

Up

$515,764

Up $206 (+0.0%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$673,495

Up $973 (+0.1%) from 2016

Expenses

Down

$673,289

Down $25,928 (-3.7%) from 2016

Net Income

Up

$206

Up $26,901 (+101%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $552,870Liabilities 2010: $0Net Assets 2010: $552,8702010Assets 2011: $529,491Liabilities 2011: $0Net Assets 2011: $529,4912011Assets 2012: $533,702Liabilities 2012: $0Net Assets 2012: $533,7022012Assets 2013: $539,080Liabilities 2013: $0Net Assets 2013: $539,0802013Assets 2014: $538,103Liabilities 2014: $0Net Assets 2014: $538,1032014Assets 2015: $542,253Liabilities 2015: $0Net Assets 2015: $542,2532015Assets 2016: $515,558Liabilities 2016: $0Net Assets 2016: $515,5582016Assets 2017: $515,764Liabilities 2017: $0Net Assets 2017: $515,7642017Assets 2018: $495,419Liabilities 2018: $232Net Assets 2018: $495,1872018Assets 2019: $442,947Liabilities 2019: $0Net Assets 2019: $442,9472019Assets 2020: $457,286Liabilities 2020: $0Net Assets 2020: $457,2862020Assets 2021: $572,905Liabilities 2021: $0Net Assets 2021: $572,9052021Assets 2022: $704,377Liabilities 2022: $0Net Assets 2022: $704,3772022Assets 2023: $650,172Liabilities 2023: $0Net Assets 2023: $650,1722023Assets 2024: $748,357Liabilities 2024: $0Net Assets 2024: $748,3572024

Highlighted filing

2017

Assets$515,764
Liabilities$0
Net Assets$515,764

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $489,1672010Revenue 2011: $508,742Expenses 2011: $532,121Net Income 2011: -$23,3792011Revenue 2012: $584,589Expenses 2012: $576,812Net Income 2012: $7,7772012Expenses 2013: $612,6442013Revenue 2014: $628,872Expenses 2014: $629,849Net Income 2014: -$9772014Revenue 2015: $657,881Expenses 2015: $653,731Net Income 2015: $4,1502015Revenue 2016: $672,522Expenses 2016: $699,217Net Income 2016: -$26,6952016Revenue 2017: $673,495Expenses 2017: $673,289Net Income 2017: $2062017Revenue 2018: $697,853Expenses 2018: $718,430Net Income 2018: -$20,5772018Revenue 2019: $794,102Expenses 2019: $798,349Net Income 2019: -$4,2472019Revenue 2020: $784,125Expenses 2020: $769,786Net Income 2020: $14,3392020Revenue 2021: $844,496Expenses 2021: $728,877Net Income 2021: $115,6192021Revenue 2022: $876,498Expenses 2022: $745,026Net Income 2022: $131,4722022Revenue 2023: $775,062Expenses 2023: $829,267Net Income 2023: -$54,2052023Revenue 2024: $1,037,523Expenses 2024: $939,338Net Income 2024: $98,1852024

Highlighted filing

2017

Revenue$673,495
Expenses$673,289
Net Income$206
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$698,991
Mission and Program Overview

Mission

The mission of Cabarrus Arts Council is to present, promote and inspire creativity in our community.

The mission of the cabarrus arts council, inc is to energize our community through arts excellence. Our vision statement is: as the leading cultural resource in our community, the cabarrus arts council will be widely recognized for artistic excellence and diversity

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$415,457$415,663▲ $206
Savings and Temporary Cash Investments$256,882$332,071▲ $75,189
Cash and Non-Interest-Bearing Accounts$188,421$132,249▼ $56,172
Pd in Cap Srpls Land Bldg Eqp Fund$100,101$100,101→ $0
Land, Buildings, and Equipment, Net$70,255$51,444▼ $18,811
Total Assets$515,558$515,764▲ $206
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$515,558$515,764▲ $206
Total Liabilities and Net Assets / Fund Balance$515,558$515,764▲ $206

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$667$44,696-
Equipment$8,687$95,034-
Leasehold Improvements$42,090$87,410-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pat K HortonChairman
Jessica CastrodaleFundraising Chair
Dan BoonePast Chair
Noelle R ScottPresident & CEO
Keith GehlVice President
Alex PorterDirector
Angie BrownDirector
Betsy Hamilton SmithDirector
Betsy LilesDirector
Bobby ConnorDirector
Chantel Balknight-thompsonDirector
Dakeita Vanderburg-johnsonDirector
Dianne O SnyderDirector
Garrett PriceDirector
Jennie Martin TomlinDirector
John CrumpDirector
Keith WhaleyDirector
Kristel SwayzeDirector
Marcella SchwalbeDirector
Margaret CampbellDirector
Mitchell NeelyDirector
Nicki BryantDirector
Perla B NunesDirector
Ryan G DayvaultDirector
Chip BuckwellEx Officio
Chris LowderEx Officio
Del EudyEx Officio
Kathy KittsEx Officio
Mike DownsEx Officio
Mike LeggEx Officio
Ruth BrooksEx Officio
Scott PadgettEx Officio
Steve SciasciaEx Officio
Kelly PropstSecretary
Bill DuschTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$515,080
Program Service Revenue
$155,436
Investment Income
$392
Other Revenue
$2,587
All Other Contributions
$267,496
Change in Net Assets
$206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$403,154
Other Expenses$181,380
Grants and Similar Amounts Paid$88,755
Total Fundraising Expense$64,866
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$187,595$56,881$16,844$261,320
Current Officers, Directors, Trustees, and Key Employees$51,090$25,545$25,545$102,180
Grants to Domestic Orgs$88,755--$88,755
Payroll Taxes$19,367$6,607$3,270$29,244
All Other Expenses$14,685$6,871$3,081$24,637
Other Expenses$815$15,967$14,589$16,782
Pension Plan Contributions$6,894$2,352$1,164$10,410
Fees for Services Accounting$7,798--$7,798
Conferences and Meetings$1,045$5,920-$6,965
Insurance-$6,314-$6,314
Travel$1,515$1,239-$2,754
Office Expenses$1,488$373$373$2,234
Total Functional Expenses$480,354$128,069$64,866$673,289
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Concord DowntownConcord, NC---
Kannapolis Parks & RecKannapolis, NC---
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

The cabarrus arts council has a business relationship with ks image solutions, which the owner, krystel swayze, is a board member. The arts council paid ks image solutions $2,406.51 on promotional products. Krystel refrained from any vote related to such expenditures if applicable.

Form 990 governing body review Part VI line 11

Initially, the finance committee reviews the form 990. When approved by the finance committe, the form 990 is forwarded to the entire board of directors. The board of directors reviews and approves the form 990 before filing.

Conflict of interest policy compliance Part VI line 12C

Board members and grant panel members are asked to sign annual conflict of interest statement. Those members with conflicts of interest are asked to recuse themselves before discussion and voting on matters in which they have a conflict of interest.

CEO executive director top management comp Part VI line 15A

The president & ceo reports to the board of directors. The executive committee sets the annual salary for the president & ceo using comparability studies of other nonprofit entities. The recommended compensation is included in the annual budget, which is approved by the entire board of directors.

Governing documents etc available to public Part VI line 19

Governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Cabarrus Arts Council Inc
EIN
56-1317473
Address
PO BOX 809, CONCORD, NC 28026

Signing Officer

Name
Noelle Rhodes Scott
Title
President
Phone
7049355431
Signed
2018-05-14
Discuss with paid preparer
No

Organization Details

Formed
1980
Legal Domicile
Nc
Voting Board Members
26
Independent Board Members
26
Employees
11
Volunteers
288

Preparer

Firm
DeAnna Ford CPA
Address
1401 Lane Street, Kannapolis, NC 28083
Preparer
DeAnna Ford
Phone
7049355431
Supplemental Narrative

Additional Explanations

Other or change in accounting method Part XII line 1

The organizations financial statements are prepared on the cash basis of accounting, which is an accounting method other than generally accepted accounting principles. The cash basis financial statements are compiled by an independent accountant and audited by a separate independent accountant.

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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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28FUNDRAISING CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt31EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt32EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt33EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt34EX OFFICIO
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$1.04$0.94$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.78$0.83$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.88$0.75$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.84$0.73$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.78$0.77$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.79$0.80$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.70$0.72$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.67$0.67$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.67$0.70$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.66$0.65$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.63$0.63$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$0.61
2012Summary only. Only limited summary data is available for this year.$0.53$0.00$0.53$0.58$0.58$0.01
2011Summary only. Only limited summary data is available for this year.$0.53$0.00$0.53$0.51$0.53$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.55$0.49