Form 990 for tax year 2024
Filed by CORNELIUS ARTS COMMUNITY CENTER INC.
What the amendment changed
Compared with the return it replaced , filed 10 February 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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
- $212,448 changed to $3,492,245
- Total expenses
- $459,802 changed to $3,794,752
- Contributions and grants received
- $68,750 changed to $1,631,489
- Program service revenue
- $106,588 changed to $1,673,411
- Investment income
- $37,110 changed to $163,944
- Other revenue
- $0 changed to $23,401
- Total assets, end of year
- $25,602,651 changed to $26,183,983
- Total liabilities, end of year
- $429,125 changed to $877,402
- Net assets or fund balances, end of year
- $25,173,526 changed to $25,306,581
- Program services expenses
- $344,671 changed to $2,790,826
- Management and general expenses
- $66,030 changed to $618,370
- Fundraising expenses
- $49,101 changed to $385,556
- Program service expenses (Part III)
- $344,671 changed to $2,790,826
Listed only on the earlier return
- Cynthia BushCYNTHIA BUSH
- Greg WesslingGREG WESSLING
- Kate GaitherKATE GAITHER
- Pat BechdolPAT BECHDOL
Listed only on the later return
- Adrienne Waddey
- Donna Johnson
- Donna Moffett
- Lisa Estes
- Mark Miller
- Matthew Dellinger
- Melody Harris
- Susan Wolff
Listed under a different title
- Ak MathesonAK MATHESON: BOARD OF DIRECTORS then Director
- Bill MorganBILL MORGAN: BOARD OF DIRECTORS then Director
- Caroline MullanCAROLINE MULLAN: BOARD OF DIRECTORS then Director
- Dale GillmoreDALE GILLMORE: BOARD OF DIRECTORS then Director
- Jean BockJEAN BOCK: VICE PRESIDENT then President
- Joshua DobiJOSHUA DOBI: BOARD OF DIRECTORS then Director
- Justin DionneJUSTIN DIONNE: EXECUTIVE DIRECTOR then Executive Dir.
- Paul NewtonPAUL NEWTON: PRESIDENT then Director
- Ryan LefebvreRYAN LEFEBVRE: BOARD OF DIRECTORS then Director
- Susan IrvinSUSAN IRVIN: BOARD OF DIRECTORS then Secretary
- Tara JaketicTARA JAKETIC: BOARD OF DIRECTORS then Director
- Tracey StehleTRACEY STEHLE: BOARD OF DIRECTORS then Director
- Zachary ToofZACHARY TOOF: BOARD OF DIRECTORS then Vice President
Totals
- Total revenue
- $3,492,245
- Total expenses
- $3,794,752
- Contributions and grants received
- $1,631,489
- Grants paid
- $0
- Program service revenue
- $1,673,411
- Investment income
- $163,944
- Other revenue
- $23,401
- Total assets, end of year
- $26,183,983
- Total liabilities, end of year
- $877,402
- Net assets or fund balances, end of year
- $25,306,581
- Program services expenses (Part IX)
- $2,790,826
- Management and general expenses
- $618,370
- Fundraising expenses
- $385,556
- Program service expenses (Part III)
- $2,790,826
Program services were 73.5% 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)
$479,250
-
1f · All other contributions, gifts and grants
$1,152,239
-
2a · Program service revenue: Art Class Revenue
total $123,854 · related or exempt $123,854
-
2b · Program service revenue: Facility Rental
total $401,938 · related or exempt $401,938
-
2c · Program service revenue: Food & Beverage
total $213,841 · related or exempt $213,841
-
2d · Program service revenue: Other Program Service
total $60,507 · related or exempt $60,507
-
2e · Program service revenue: Ticket Revenue
total $821,631 · related or exempt $821,631
-
2f · All other program service revenue
total $51,640 · related or exempt $51,640
-
3 · Investment income
total $163,944 · excluded $163,944
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$39,600
-
8b · Fundraising events: direct expenses
$17,199
-
8c · Net income from fundraising events
total $22,401
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $1,000 · related or exempt $1,000
-
11e · Other revenue, total
$1,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $173,809 · program services $102,278 · management and general $33,169 · fundraising $38,362
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $923,905 · program services $543,671 · management and general $176,313 · fundraising $203,921
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $69,268 · program services $40,761 · management and general $13,219 · fundraising $15,288
-
10 · Payroll taxes
total $90,432 · program services $53,214 · management and general $17,258 · fundraising $19,960
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $76,000 · management and general $76,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $732,865 · program services $653,985 · management and general $78,880
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $32,934 · program services $3,555 · management and general $23,529 · fundraising $5,850
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $384,621 · program services $322,277 · management and general $46,758 · fundraising $15,586
-
17 · Travel
total $39,052 · program services $12,621 · management and general $24,252 · fundraising $2,179
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $727,679 · program services $618,527 · management and general $72,768 · fundraising $36,384
-
23 · Insurance
total $45,460 · management and general $45,460
-
24a · Other expenses: Fundraising
total $225,094 · program services $179,339 · fundraising $45,755
-
24b · Other expenses: Supplies
total $212,404 · program services $212,404
-
24c · Other expenses: Education
total $29,373 · program services $29,373
-
24d · Other expenses: Finance Charges
total $19,991 · program services $14,024 · management and general $4,102 · fundraising $1,865
-
24e · All other expenses
total $11,865 · program services $4,797 · management and general $6,662 · fundraising $406
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $833,389 · end of year $532,019
-
2 · Savings and temporary cash investments
beginning of year $3,185,211 · end of year $2,866,160
-
3 · Pledges and grants receivable
beginning of year $231,359 · end of year $489,265
-
4 · Accounts receivable
beginning of year $2,914 · end of year $42,284
-
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 $14,343 · end of year $58,262
-
10a · Land, buildings and equipment: cost or other basis
$24,127,999
-
10b · Land, buildings and equipment: accumulated depreciation
$1,932,006
-
10c · Land, buildings and equipment, net
beginning of year $20,794,301 · end of year $22,195,993
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $539,429 · 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 $1,705 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $89,407 · end of year $182,491
-
19 · Deferred revenue
beginning of year $331,935 · end of year $224,911
-
23 · Secured mortgages and notes payable
end of year $470,000
-
25 · Other liabilities
beginning of year $7,783
-
27 · Net assets without donor restrictions
beginning of year $22,989,370 · end of year $22,210,757
-
28 · Net assets with donor restrictions
beginning of year $2,184,156 · end of year $3,095,824
Mission and programs · 2024
Mission
Cain Center For the Arts' mission is to provide exceptional visual arts, performing arts, and social experiences to the Lake Norman region.
-
During fiscal year 2025, Cain Center for the Arts curated 67 productions and hosted 39 performances for other organizations. More than 30,330 patrons attended these shows.10 exhibits were held showcasing 249 local and regional artists of all ages. Cain Centers Education Department oversaw 118 classes, camps, and workshops serving approximately 1,048 students in various disciplines such as ceramics, drawing, painting, sewing, and mixed media.With the support of donors, the community impact fund provided more than 260 affordable tickets, 66 summer camp scholarships, and 22 year-long music lessons. In collaboration with five community partners, Cain Center for the Arts participated in 3 "Arts in Community and 3 "Arts in Schools" programs.
Expenses $2,790,826 · Revenue $1,673,411
As filed on the 2024 return.
Listed in Part VII
-
Justin Dionne
Executive Dir.
- Total calculated
- $173,809
- From this org
- $166,918
- From related orgs
- $0
- Other
- $6,891
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,118
- Bonus
- not reported
- Other
- $4,800
- Deferred
- not reported
- Nontaxable benefits
- $6,891
- Filer's total
- $173,809
-
Jean Bock
President
- Total calculated
- $0
- Hours/week
- 4
-
Zachary Toof
Vice President
- Total calculated
- $0
- Hours/week
- 4
-
Douglas Marion
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Susan Irvin
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Adrienne Waddey
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Paul Newton
Director
- Total calculated
- $0
- Hours/week
- 2
-
AK Matheson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joshua Dobi
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bill Morgan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tara Jaketic
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dale Gillmore
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tracey Stehle
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ryan Lefebvre
Director
- Total calculated
- $0
- Hours/week
- 2
-
Caroline Mullan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Matthew Dellinger
Director
- Total calculated
- $0
- Hours/week
- 2
-
Susan Wolff
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Estes
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Miller
Director
- Total calculated
- $0
- Hours/week
- 2
-
Donna Moffett
Director
- Total calculated
- $0
- Hours/week
- 2
-
Melody Harris
Director
- Total calculated
- $0
- Hours/week
- 2
-
Donna Johnson
Director
- Total calculated
- $0
- Hours/week
- 2
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 July 2026
- IRS schema version
- 2024v5.2
- Source object
- 202602039349301355
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.