Civic Intelligence

Anson County Arts Council Inc.

990 • Fiscal year 2021 • EIN 58-1371468

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 12, 2021

PO Box 332Wadesboro, NC 28170

(704) 694-4950

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

8th percentile

-28%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

16th percentile

-3.5%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

9.9%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,174,688

Down $42,904 (-3.5%) from 2020

Net Assets

Down

$1,173,072

Down $25,679 (-2.1%) from 2020

Liabilities

Down

$1,616

Down $17,225 (-91%) from 2020

Revenue

Up

$153,147

Up $13,814 (+9.9%) from 2020

Expenses

Down

$196,274

Down $44,869 (-19%) from 2020

Net Income

Up

-$43,127

Up $58,683 (+58%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,489,147Liabilities 2011: $285,000Net Assets 2011: $1,204,1472011Assets 2012: $1,487,996Liabilities 2012: $200,000Net Assets 2012: $1,287,9962012Assets 2013: $1,453,829Liabilities 2013: $200,000Net Assets 2013: $1,253,8292013Assets 2014: $1,377,688Liabilities 2014: $0Net Assets 2014: $1,377,6882014Assets 2015: $1,390,446Liabilities 2015: $1,156Net Assets 2015: $1,389,2902015Assets 2016: $1,412,968Liabilities 2016: $1,517Net Assets 2016: $1,411,4512016Assets 2017: $1,376,153Liabilities 2017: $2,041Net Assets 2017: $1,374,1122017Assets 2018: $1,313,535Liabilities 2018: $1,351Net Assets 2018: $1,312,1842018Assets 2019: $1,301,884Liabilities 2019: $1,323Net Assets 2019: $1,300,5612019Assets 2020: $1,217,592Liabilities 2020: $18,841Net Assets 2020: $1,198,7512020Assets 2021: $1,174,688Liabilities 2021: $1,616Net Assets 2021: $1,173,0722021Assets 2022: $1,106,289Liabilities 2022: $1,616Net Assets 2022: $1,104,6732022Assets 2023: $1,073,779Liabilities 2023: $1,616Net Assets 2023: $1,072,1632023

Highlighted filing

2021

Assets$1,174,688
Liabilities$1,616
Net Assets$1,173,072

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2011: $171,653Expenses 2011: $52,988Net Income 2011: $118,6652011Revenue 2012: $205,672Expenses 2012: $121,823Net Income 2012: $83,8492012Revenue 2013: $101,689Expenses 2013: $135,856Net Income 2013: -$34,1672013Revenue 2014: $265,112Expenses 2014: $141,253Net Income 2014: $123,8592014Revenue 2015: $184,234Expenses 2015: $172,632Net Income 2015: $11,6022015Revenue 2016: $183,068Expenses 2016: $160,906Net Income 2016: $22,1622016Revenue 2017: $135,860Expenses 2017: $173,199Net Income 2017: -$37,3392017Revenue 2018: $177,367Expenses 2018: $239,295Net Income 2018: -$61,9282018Revenue 2019: $263,416Expenses 2019: $275,039Net Income 2019: -$11,6232019Revenue 2020: $139,333Expenses 2020: $241,143Net Income 2020: -$101,8102020Revenue 2021: $153,147Expenses 2021: $196,274Net Income 2021: -$43,1272021Revenue 2022: $150,539Expenses 2022: $218,938Net Income 2022: -$68,3992022Revenue 2023: $208,914Expenses 2023: $241,424Net Income 2023: -$32,5102023

Highlighted filing

2021

Revenue$153,147
Expenses$196,274
Net Income-$43,127
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$155,578
Mission and Program Overview

Mission

To promote performing and other cultural arts in anson county, nc

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,114,589$1,078,664▼ $35,925
Investments in Publicly Traded Securities$63,026$66,083▲ $3,057
Savings and Temporary Cash Investments$39,817$29,781▼ $10,036
Cash and Non-Interest-Bearing Accounts$160$160→ $0
Total Assets$1,217,592$1,174,688▼ $42,904
Liabilities
Unsecured Notes Loans Payable$17,448$0▼ $17,448
Accounts Payable and Accrued Expenses$1,393$1,616▲ $223
Total Liabilities$18,841$1,616▼ $17,225
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,198,751$1,173,072▼ $25,679
Total Net Assets Fund Balance$1,198,751$1,173,072▼ $25,679
Total Liabilities and Net Assets / Fund Balance$1,217,592$1,174,688▼ $42,904

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,030,963$377,356$1,408,319
Equipment$37,701$100,653$138,354
Land$10,000-$10,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maggie GibsonPresident
Robert GravesVice-president
Bill ClarkDirector
Carrie LeavittDirector
Cheryl StewartDirector
Chip LongDirector
Debbie PhillipsDirector
Donnie K LewisDirector
Elizabeth SchaferDirector
Leslie CapellDirector
Marcie HushionDirector
Nekeisha LindseyDirector
Sheila RayeDirector
Wendy DavisDirector
Glenn CaulderSecretary
Rosalind BoothbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$88,640
Program Service Revenue
$50,015
Investment Income
$3,101
Other Revenue
$11,391
All Other Contributions
$88,155
Change in Net Assets
$-43,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,188
Salaries, Compensation, and Employee Benefits$94,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$52,000$35,400$0$87,400
Depreciation Depletion$37,848$4,341$0$42,189
Occupancy$11,195$11,541$0$22,736
All Other Expenses$8,908$10,173$0$19,081
Insurance$0$10,913$0$10,913
Payroll Taxes$3,978$2,708$0$6,686
Advertising$4,709$484$0$5,193
Office Expenses$0$2,014$0$2,014
Interest$0$62$0$62
Total Functional Expenses$118,638$77,636$0$196,274
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,822
Fundraising Direct Expenses$2,431
Professional Fundraising Fees$0
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
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
Filing and Contact Details

Filer

Filer Name
Anson County Arts Council Inc
EIN
58-1371468
Phone
7046944950
Address
PO BOX 332, WADESBORO, NC 28170

Signing Officer

Name
Rosalind Boothby
Title
Treasurer
Phone
7046944950
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosalind Boothby
Formed
1978
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
41

Preparer

Firm
J B Watson & Co Pllc
Address
PO BOX 341, WADESBORO, NC 28170
Preparer
James F Hanna
Phone
7046945174
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A draft copy of form 990 is e-mailed to all board members.any questions are forwarded to the treasurer or one other member assigned to review form 990. These two board members meet with the return preparer to discuss any changes or corrections.

Pt VI, Line 6

Members join by paying annual dues

Pt VI, Line 7A

Directors are elected each year by members attending the annual meeting

Pt VI, Line 12C

The policy is reviewed annually when new board members take office

Pt XI

FORGIVEN PPP LOAN

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