Civic Intelligence

Wake Forest Cultural Arts Association

EIN 56-1717886 • 501(c)3 • Wake Forest, NC

Profile

Promotion of Arts in Wake Forest, NC

PO Box 528Wake Forest, NC 27588

artswakeforest.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

45th percentile

-4.7%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

165%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$95,153

Up $4,293 (+4.7%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$95,153

Up $4,293 (+4.7%) from 2024

Operations
Liabilities / Revenue61st percentileNet Margin71st percentile

Revenue

Down

$45,881

Down $14,531 (-24%) from 2024

Expenses

Down

$41,588

Down $5,152 (-11%) from 2024

Net Income

Down

$4,293

Down $9,379 (-69%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

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

$100K$50K$0Assets 2019: $40,418Liabilities 2019: $5,000Net Assets 2019: $35,4182019Assets 2020: $53,859Liabilities 2020: $0Net Assets 2020: $53,8592020Assets 2021: $73,385Liabilities 2021: $13,200Net Assets 2021: $60,1852021Assets 2022: $69,932Liabilities 2022: $0Net Assets 2022: $69,9322022Assets 2024: $90,860Liabilities 2024: $0Net Assets 2024: $90,8602024Assets 2025: $95,153Liabilities 2025: $0Net Assets 2025: $95,1532025

Highlighted filing

2025

Assets$95,153
Liabilities$0
Net Assets$95,153
Open 2025 Filing

Operations Trend

Revenue Growth95th percentile

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

$80K$60K$40K$20K$0Revenue 2019: $58,536Expenses 2019: $48,919Net Income 2019: $9,6172019Revenue 2020: $52,032Expenses 2020: $33,591Net Income 2020: $18,4412020Revenue 2021: $22,074Expenses 2021: $15,748Net Income 2021: $6,3262021Revenue 2022: $58,596Expenses 2022: $48,849Net Income 2022: $9,7472022Revenue 2024: $60,412Expenses 2024: $46,740Net Income 2024: $13,6722024Revenue 2025: $45,881Expenses 2025: $41,588Net Income 2025: $4,2932025

Highlighted filing

2025

Revenue$45,881
Expenses$41,588
Net Income$4,293
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,153
Liabilities
$0
Net assets
$95,153
Revenue
$45,881
Expenses
$41,588
Net income
$4,293
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$95.2$0.00$95.2$45.9$41.6$4.29
2024Detailed filing. Detailed filing data is available for this year.$90.9$0.00$90.9$60.4$46.7$13.7
2022Detailed filing. Detailed filing data is available for this year.$69.9$0.00$69.9$58.6$48.8$9.75
2021Detailed filing. Detailed filing data is available for this year.$73.4$13.2$60.2$22.1$15.7$6.33
2020Detailed filing. Detailed filing data is available for this year.$53.9$0.00$53.9$52.0$33.6$18.4
2019Detailed filing. Detailed filing data is available for this year.$40.4$5.00$35.4$58.5$48.9$9.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 19, 2026
Return Version
2024v5.2
Gross Receipts
$45,924
Mission and Program Overview

Mission

Promotion of Arts in Wake Forest, NC

Program Services

DescriptionGrantsExpenses
Wake Forest Dance Events, Wake Forest Guild of Artists Events, and promotion of Wake Forest artists of all varieties$1,675$36,923
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary PetretichPresidentPT$0--
Pamela StevensSecretary-$0--
Irene BurkeTreasurer-$0--
Marcia EblenBoard Member-$0--
Tanya JohnsonBoard Member-$0--
Kathy StreetBoard Member-$0--
Les TryonBoard Member-$0--
Ann WeltonBoard Member-$0--
Julie WerveyBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Wake Forest Cultural Arts Association
EIN
56-1717886
In Care Of
% Mary Petretich
Address
PO Box 528, Wake Forest, NC 27588

Signing Officer

Name
Mary Petretich
Title
President
Signed
2026-02-19
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountAnnual Software Subscriptions 1,270Equipment Rental 290Bank Fees/cc Fees 333Membership Dues 395Supplies 1,430Insurance 711PR Marketing/Development 1,828Remaing Program Expenses 3,941Scholarships 511”

Raw XML Appendix165 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Mary Petretich
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Pamela Stevens
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Irene Burke
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Marcia Eblen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Tanya Johnson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Kathy Street
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Julie Wervey
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt010709
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Promotion of Arts in Wake Forest, NC
IRS990EZ/PrintingPublicationsPostageAmt0525
IRS990EZ/ProgramServiceRevenueAmt037593
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt01675
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt043
IRS990EZ/SpecialEventsNetIncomeLossAmt04534
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt041588
IRS990EZ/TotalProgramServiceExpensesAmt036923
IRS990EZ/TotalRevenueAmt045881
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/TotalSupportAmt0191080
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountAnnual Software Subscriptions 1,270Equipment Rental 290Bank Fees/cc Fees 333Membership Dues 395Supplies 1,430Insurance 711PR Marketing/Development 1,828Remaing Program Expenses 3,941Scholarships 511
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY PETRETICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wake Forest Cultural Arts Association
ReturnHeader/Filer/BusinessNameControlTxt0WAKE
ReturnHeader/Filer/EIN0561717886
ReturnHeader/Filer/InCareOfNm0% Mary Petretich
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 528
ReturnHeader/Filer/USAddress/CityNm0Wake Forest
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027588
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02026-02-20T15:25:58-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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