Form 990 for tax year 2024

What the amendment changed

Compared with the return it replaced , filed 12 December 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue

$2,359,376 →changed to $1,774,499

Total expenses

$1,386,496 →changed to $1,878,632

Contributions and grants received

$2,215,134 →changed to $1,715,110

Grants paid

$902,500 →changed to $1,402,500

Investment income

$138,364 →changed to $53,511

Total assets, end of year

$3,462,881 →changed to $992,573

Net assets or fund balances, end of year

$3,462,693 →changed to $992,385

Program services expenses

$1,203,546 →changed to $1,695,682

Program service expenses (Part III)

$1,203,546 →changed to $1,695,682

Totals

Total revenue

$1,774,499

Total expenses

$1,878,632

Contributions and grants received

$1,715,110

Grants paid

$1,402,500

Program service revenue

$5,000

Investment income

$53,511

Other revenue

$878

Total assets, end of year

$992,573

Total liabilities, end of year

$188

Net assets or fund balances, end of year

$992,385

Program services expenses (Part IX)

$1,695,682

Management and general expenses

$182,950

Fundraising expenses

$0

Program service expenses (Part III)

$1,695,682

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• Assistance to Western North Carolina: Relief related to the devastation that occurred in Western North Carolina from Hurricane Helene in the fall of 2024. The Foundation received and distributed funding to affected artists and non-profit arts organizations in twenty-six western counties through the NC Arts Disaster Relief Fund

  Expenses $915,249 · Grants $902,500

• A+ Schools of North Carolina- Received grants for A+ Schools of North Carolina, a program of the North Carolina Arts Council, and administered contracted services to support teacher training, recruitment of teaching artists, and customized professional development for participating schools in the A+ network.

  Expenses $628,237 · Grants $500,000

• Keys for Kids funds a statewide network of arts partners that assist young people in North Carolina who want to learn to play piano by providing music instruction and instruments at little or no cost to the student.

  Expenses $116,683

• Expenses $35,513

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• North Carolina Arts Council

  $620,000

  NC Arts Disaster Relief Grant - Hurricane Helene Relief

• Asheville Area Arts Council

  $200,000

  Hurricane Helene Relief

• Blue Ridge National Heritage Area Inc

  $82,500

  Hurricane Helene Relief

Provenance

Return type

form_990

Tax year

2024

Filed

13 May 2026

IRS schema version

2024v5.5

Source object

202631809349300633

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.