Rowan Arts Council Inc.

990EZ • Fiscal year 2017 • EIN 58-1309306

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 01, 2017

Organization Profile N/A

204 E Innes St Ste 120Salisbury, NC 28144

(704) 638-3100

Siviq Scores

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

0.37x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

0.00x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

-7.8%

Higher net margin than 26% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Higher top officer pay than 71% of similar nonprofits.

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

-87%

Faster asset growth than 3% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

16%

Faster revenue growth than 66% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet

Liabilities / Assets83rd percentile

Assets

Down

$1,366

Down $9,139 (-87%) from 2016

Net Assets

$866

No earlier filing loaded for comparison.

Liabilities

$500

Up $500 from 2016

Revenue And Expenses

Liabilities / Revenue53rd percentile Net Margin26th percentile

Revenue

$123,363

Up $16,977 (+16%) from 2016

Expenses

$132,944

Up $24,920 (+23%) from 2016

Net Income

Down

-$9,581

Down $7,943 (-485%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

Highlighted filing

2017

Assets$1,366

Liabilities$500

Net Assets$866

Open 2017 Filing

Operations Trend

Revenue Growth66th percentile

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

Highlighted filing

2017

Revenue$123,363

Expenses$132,944

Net Income-$9,581

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2016 to Jun 30, 2017
Signed: Nov 1, 2017
Return Version: 2016v3.0
Gross Receipts: $123,363

Mission and Program Overview

Mission

To raise funds for cultural arts for arts & cultural organizations within rowan county. To grant out funds to arts & cultural organizations for the creative arts, advance arts education and development of the salisbury/rowan cultural community to its greatest potential.

Program Services

Description	Grants	Expenses
FOSTERED CREATIVE ARTS THROUGHOUT COMMUNITY, ADVANCED ARTS EDUCATION, AND MOVED TO DEVELOP THE CULTURAL COMMUNITY.	$126,222	$126,222

Compensation and Service Providers

Top Officer Pay71st percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
EDWARD NORVELL	Chair	-	$0	-	-
DAVIS COOKE	Vice Chair	-	$0	-	-
CHERYL GOINS	Secretary	-	$0	-	-
CINDY MORGAN	Treasurer	-	$0	-	-
JAMES MEACHAM	Executive Di	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: Rowan Arts Council Inc
EIN: 58-1309306
Phone: 7046383100
Address: 204 E INNES ST STE 120, SALISBURY, NC 28144

Signing Officer

Name: James Meacham
Title: Executive Director
Phone: 7046383100
Signed: 2017-11-01
Discuss with paid preparer: Yes

Preparer

Firm: Gary D Morgan CPA Pa
Address: 104 GRANITE LN, SALISBURY, NC 28146-6108
Preparer: Gary D Morgan CPA
Phone: 7042799300

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“Piedmont players theatre 02/23/2017 po box 762 salisbury, nc 28145 6,173 0 0 salisbury rowan symphony 02/23/2017 po box 4264 salisbury, nc 28145 6,173 0 0 waterworks visual arts centers 02/23/2017 123 e liberty st salisbury, nc 28144 6,173 0 0 lee street theatre 01/24/2017 329 lee st salisbury, nc 28144 6,000 0 0 piedmont players theatre 01/24/2017 po box 762 salisbury, nc 28145 6,000 0 0 salisbury sculpture show 01/24/2017 po box 479 salisbury, nc 28145 8,000 0 0 foundation for the carolinas 12/07/2017 220 north tryon street charlotte, nc 28202 17,000 0 0 foundation for the carolinas 05/18/2017 220 north tryon street charlotte, nc 28202 10,000 0 0”

Form 990-ez, Part I, Line 16

“Expenses legal & professional 3,200 fedex 22 insurance 900 contracted services 2,000 membership 600 total 6,722”

Form 990-ez, Part I, Line 20

“Book / tax depreciation difference -58”

Form 990-ez, Part II, Line 24

“40,839 40,839 less accumulated depreciation 40,781 40,839 total 58 0”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 0 500”

Form 990-ez, Part III

“To raise funds for cultural arts for arts & cultural organizations within rowan county. To grant out funds to arts & cultural organizations for the creative arts, advance arts education and development of the salisbury/rowan cultural community to its greatest potential.”

Raw XML Appendix150 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/BooksInCareOfDetail/PhoneNum	0	7046383100
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	204 E INNES ST STE 120
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt	0	204 E INNES ST STE 120
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	SALISBURY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	28144
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	10447
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	1366
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	123363
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IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-9581
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	10505
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	1366
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	126222
IRS990EZ/GrossReceiptsAmt	0	123363
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	10505
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	866
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	10505
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	866
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	1.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	EDWARD NORVELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	DAVIS COOKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	CHERYL GOINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	CINDY MORGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	JAMES MEACHAM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	EXECUTIVE DI
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	58
IRS990EZ/OtherChangesInNetAssetsAmt	0	-58
IRS990EZ/OtherExpensesTotalAmt	0	6722
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	TO RAISE FUNDS FOR CULTURAL ARTS FOR ARTS & CULTURAL ORGANIZATIONS WITHIN ROWAN COUNTY. TO GRANT OUT FUNDS TO ARTS & CULTURAL ORGANIZATIONS FOR THE CREATIVE ARTS, ADVANCE ARTS EDUCATION AND DEVELOPMENT OF THE SALISBURY/ROWAN CULTURAL COMMUNITY TO ITS GREATEST POTENTIAL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	FOSTERED CREATIVE ARTS THROUGHOUT COMMUNITY, ADVANCED ARTS EDUCATION, AND MOVED TO DEVELOP THE CULTURAL COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	126222
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	126222
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	500
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	132944
IRS990EZ/TotalProgramServiceExpensesAmt	0	126222
IRS990EZ/TotalRevenueAmt	0	123363
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	123363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	106386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	92318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	92262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	94724
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	509053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	5
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	5
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	509053
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	123363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	106386
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	92318
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	92262
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	94724
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	509053
IRS990ScheduleA/TotalSupportAmt	0	509058
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	PIEDMONT PLAYERS THEATRE 02/23/2017 PO BOX 762 SALISBURY, NC 28145 6,173 0 0 SALISBURY ROWAN SYMPHONY 02/23/2017 PO BOX 4264 SALISBURY, NC 28145 6,173 0 0 WATERWORKS VISUAL ARTS CENTERS 02/23/2017 123 E LIBERTY ST SALISBURY, NC 28144 6,173 0 0 LEE STREET THEATRE 01/24/2017 329 LEE ST SALISBURY, NC 28144 6,000 0 0 PIEDMONT PLAYERS THEATRE 01/24/2017 PO BOX 762 SALISBURY, NC 28145 6,000 0 0 SALISBURY SCULPTURE SHOW 01/24/2017 PO BOX 479 SALISBURY, NC 28145 8,000 0 0 FOUNDATION FOR THE CAROLINAS 12/07/2017 220 NORTH TRYON STREET CHARLOTTE, NC 28202 17,000 0 0 FOUNDATION FOR THE CAROLINAS 05/18/2017 220 NORTH TRYON STREET CHARLOTTE, NC 28202 10,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES LEGAL & PROFESSIONAL 3,200 FEDEX 22 INSURANCE 900 CONTRACTED SERVICES 2,000 MEMBERSHIP 600 TOTAL 6,722
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	BOOK / TAX DEPRECIATION DIFFERENCE -58
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	40,839 40,839 LESS ACCUMULATED DEPRECIATION 40,781 40,839 TOTAL 58 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	TO RAISE FUNDS FOR CULTURAL ARTS FOR ARTS & CULTURAL ORGANIZATIONS WITHIN ROWAN COUNTY. TO GRANT OUT FUNDS TO ARTS & CULTURAL ORGANIZATIONS FOR THE CREATIVE ARTS, ADVANCE ARTS EDUCATION AND DEVELOPMENT OF THE SALISBURY/ROWAN CULTURAL COMMUNITY TO ITS GREATEST POTENTIAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990-EZ, PART III
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JAMES MEACHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	7046383100
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	ROWAN ARTS COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt	0	ROWA
ReturnHeader/Filer/EIN	0	581309306
ReturnHeader/Filer/PhoneNum	0	7046383100
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	204 E INNES ST STE 120
ReturnHeader/Filer/USAddress/CityNm	0	SALISBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NC
ReturnHeader/Filer/USAddress/ZIPCd	0	28144
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	D5642DF4423300A4A94EB47D443012BF6EC3F5D5
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	562005152
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	GARY D MORGAN CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	104 GRANITE LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	281466108
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7042799300
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2017-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	GARY D MORGAN CPA
ReturnHeader/ReturnTs	0	2017-11-09T08:36:49-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2016-07-01
ReturnHeader/TaxPeriodEndDt	0	2017-06-30
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $1,366
Liabilities: $500
Net assets: $866
Revenue: $123,363
Expenses: $132,944
Net income: -$9,581

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.04	$0.01	$0.03	$1.86	$2.17	$0.32
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.34	$0.00	$0.34	$2.57	$2.29	$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.07	$0.00	$0.07	$2.12	$2.17	$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.11	$0.00	$0.11	$1.28	$1.29	$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.12	$0.00	$0.12	$2.89	$2.87	$0.02
2020Detailed filing. Detailed filing data is available for this year.	$0.10		$0.10	$1.28	$1.20	$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.02		$0.02	$1.37	$1.36	$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.01		$0.01	$1.19	$1.19	$0.00
2017Detailed filing. Detailed filing data is available for this year.	$0.01	$0.01	$0.01	$1.23	$1.33	$0.10
2016Summary only. Only limited summary data is available for this year.	$0.11	$0.00		$1.06	$1.08	$0.02
2015Detailed filing. Detailed filing data is available for this year.	$0.13		$0.13	$0.92	$0.88	$0.05
2014Detailed filing. Detailed filing data is available for this year.	$0.08		$0.08	$0.92	$0.93	$0.00
2013Summary only. Only limited summary data is available for this year.	$0.08	$0.00		$0.95	$0.99	$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.13		$0.13	$0.94	$1.08	$0.14
2011Summary only. Only limited summary data is available for this year.	$0.26	$0.01		$1.16	$1.11	$0.05