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← ARTS & SCIENCE COUNCIL CHARLOTTE/MECKLENBURG INC

Form 990 for tax year 2024

Filed by ARTS & SCIENCE COUNCIL CHARLOTTE/MECKLENBURG INC.

Totals

Total revenue
$539,835
Total expenses
$1,079,475
Contributions and grants received
$476,470
Grants paid
$0
Program service revenue
$0
Investment income
$1,013
Other revenue
$62,352
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$704,940
Management and general expenses
$162,829
Fundraising expenses
$211,706
Program service expenses (Part III)
$704,940

Program services were 65.3% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $428,245

  • 1f · All other contributions, gifts and grants

    $48,225

  • 3 · Investment income

    total $1,013 · excluded $1,013

  • 6a · Gross rents

    real property $62,352

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $62,352

  • 6d · Net rental income or loss

    total $62,352 · related or exempt $62,352

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $83,908 · program services $35,942 · management and general $36,235 · fundraising $11,731

  • 7 · Other salaries and wages

    total $173,034 · program services $102,114 · management and general $16,417 · fundraising $54,503

  • 8 · Pension plan contributions

    total $95,439 · program services $40,881 · management and general $41,215 · fundraising $13,343

  • 9 · Other employee benefits

    total $62,655 · program services $26,838 · management and general $27,057 · fundraising $8,760

  • 10 · Payroll taxes

    total $25,116 · program services $10,758 · management and general $10,846 · fundraising $3,512

  • 11c · Fees: accounting

    total $715 · program services $366 · management and general $113 · fundraising $236

  • 11g · Fees: other

    total $1,751 · program services $151 · fundraising $1,600

  • 12 · Advertising and promotion

    total $42,868 · program services $280 · management and general $527 · fundraising $42,061

  • 13 · Office expenses

    total $4,039 · program services $2,919 · management and general $363 · fundraising $757

  • 14 · Information technology

    total $51,326 · program services $22,705 · management and general $3,595 · fundraising $25,026

  • 16 · Occupancy

    total $130,425 · program services $77,851 · management and general $17,033 · fundraising $35,541

  • 19 · Conferences, conventions and meetings

    total $10,878 · program services $5,438 · management and general $3,233 · fundraising $2,207

  • 20 · Interest

    total $11,486 · program services $6,856 · management and general $1,500 · fundraising $3,130

  • 22 · Depreciation, depletion and amortization

    total $26,356 · program services $15,732 · management and general $3,442 · fundraising $7,182

  • 23 · Insurance

    total $2,118 · program services $1,264 · management and general $277 · fundraising $577

  • 24a · Other expenses: ARTS AND SCIENCE EDUCAT

    total $335,419 · program services $335,419

  • 24b · Other expenses: PROCESSING FEES

    total $17,894 · program services $16,780 · management and general $614 · fundraising $500

  • 24c · Other expenses: MISCELLANEOUS

    total $2,550 · program services $1,700 · fundraising $850

  • 24d · Other expenses: DUES AND SUBCRIPTIONS

    total $961 · program services $409 · management and general $362 · fundraising $190

  • 24e · All other expenses

    total $537 · program services $537

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $341 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $5,901,465 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,865,329 · end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,247 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $857,019 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $32,018,453 · end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,476,691 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $388,505 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,068,596 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $1,939,363 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,500,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,680,365 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $32,609,716 · end of year $0

Mission and programs · 2024

Mission

THE ARTS & SCIENCE COUNCIL (ASC) IS THE COMMUNITY'S CHIEF ADVOCATE FOR ARTS, SCIENCE, HISTORY AND HERITAGE, A GATHERER AND STEWARD OF PUBLIC AND PRIVATE COMMUNITY RESOURCES, AN INVESTOR OF THOSE RESOURCES IN THE CULTURAL SECTOR AND COMMUNITY, THE STRATEGIC PLANNER FOR THE COMMUNITY'S CULTURAL SECTOR, AND THE PUBLIC ART AGENT FOR THE CITY OF CHARLOTTE AND MECKLENBURG COUNTY. THE MISSION OF THE ORGANIZATION IS INVESTING IN PEOPLE, PROGRAMS AND IDEAS THAT MOVE US TOWARD A MORE EQUITABLE, SUSTAINABLE AND INNOVATIVE CREATE ECOSYTEM. THE VISION IS AN EQUITABLE, CONNECTED COMMUNITY WHERE CREATIVITY IS CENTRAL, CELEBRATED AND SUPPORTED.

Activities or mission (Part I)

MOVING US TOWARD A MORE EQUITABLE, SUSTAINABLE AND INNOVATIVE CREATIVE ECOSYSTEM.

  • ASC'S ARTIST SUPPORT GRANTS FUND PROFESSIONAL AND ARTISTIC DEVELOPMENT FOR EMERGING AND ESTABLISHED ARTISTS TO ENHANCE THEIR SKILLS AND ABILITIES TO CREATE NEW WORK OR IMPROVE THEIR BUSINESS OPERATIONS AND CAPACITY TO BRING THEIR WORK TO NEW AUDIENCES

    Expenses $422,040

  • THE ARTS & SCIENCE COUNCIL PROVIDES MANAGEMENT SERVICES FOR THE CITY OF CHARLOTTE, MECKLENBURG COUNTY, AND OTHER PRIVATE PARTNERS TO ENSURE EXCELLENCE AND RELEVANCE OF PUBLIC ART PROGRAMMING AND INSTALLATION

    Expenses $282,900 · Revenue $62,352

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

Listed in Part VII

  • Tony Perez

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Tim Miller

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    3

  • Mike Vasaune

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Susan Patterson

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Durral Gilbert

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Nalan Karakay Mulder

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • George Dunlap

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Fuller

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Gall

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michele Glessner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leslie Johnson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marcie Kelso

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rusty Knox

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Samantha Sosa

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Huy Vu

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Denytra Logan Whitner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Krista Terrell

    PRESIDENT (THRU 1/24)

    Total calculated
    $7,205
    From this org
    $7,120
    From related orgs
    $0
    Other
    $85
    Hours/week
    40

  • Adam Santalla Pierce

    INTERIM PRESIDENT (AS OF 6/24)

    Total calculated
    $77,013
    From this org
    $76,788
    From related orgs
    $0
    Other
    $225
    Hours/week
    40

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
30 January 2026
IRS schema version
2024v5.5
Source object
202620369349301107

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