Skip to content
Nonprofiteer
← NORTH CAROLINA ARTS FOUNDATION

Form 990 for tax year 2023

Filed by NORTH CAROLINA ARTS FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 28 October 2024. 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
$2,101,079 changed to $1,004,596
Total expenses
$619,417 changed to $615,048
Contributions and grants received
$1,996,455 changed to $967,994
Investment income
$91,366 changed to $23,344
Total assets, end of year
$2,342,823 changed to $1,100,833
Net assets or fund balances, end of year
$2,338,508 changed to $1,096,518
Program services expenses
$462,770 changed to $458,401
Program service expenses (Part III)
$462,770 changed to $458,401

Totals

Total revenue
$1,004,596
Total expenses
$615,048
Contributions and grants received
$967,994
Grants paid
$221,000
Program service revenue
$0
Investment income
$23,344
Other revenue
$13,258
Total assets, end of year
$1,100,833
Total liabilities, end of year
$4,315
Net assets or fund balances, end of year
$1,096,518
Program services expenses (Part IX)
$458,401
Management and general expenses
$156,647
Fundraising expenses
$0
Program service expenses (Part III)
$458,401

Program services were 74.5% 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)

    $50,000

  • 1f · All other contributions, gifts and grants

    $917,994

  • 3 · Investment income

    total $23,344 · excluded $23,344

  • 8a · Fundraising events: gross income

    $13,258

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $13,258 · excluded $13,258

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $221,000 · program services $221,000

  • 5 · Compensation of officers, directors and key employees

    total $94,800 · management and general $94,800

  • 11a · Fees: management

    total $205,834 · program services $182,005 · management and general $23,829

  • 11c · Fees: accounting

    total $15,696 · management and general $15,696

  • 11g · Fees: other

    total $7,760 · program services $2,200 · management and general $5,560

  • 17 · Travel

    total $53,680 · program services $46,854 · management and general $6,826

  • 23 · Insurance

    total $2,860 · management and general $2,860

  • 24a · Other expenses: Other

    total $9,289 · program services $2,507 · management and general $6,782

  • 24b · Other expenses: School reimbursements

    total $3,029 · program services $3,029

  • 24c · Other expenses: Conferences and meeting

    total $1,100 · program services $806 · management and general $294

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,336 · end of year $500,833

  • 2 · Savings and temporary cash investments

    beginning of year $664,892 · end of year $600,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,258 · end of year $4,315

  • 27 · Net assets without donor restrictions

    beginning of year $90,567 · end of year $131,665

  • 28 · Net assets with donor restrictions

    beginning of year $616,403 · end of year $964,853

Mission and programs · 2023

Mission

The Foundation's mission is to bring private and public sector partners into collaborations that extend the benefits of the arts to residents across the state. As North Carolina emerges from the pandemic, a top priority is to find resources for arts initiatives that benefit youth.

Activities or mission (Part I)

Collaborate with individuals, arts and cultural organizations, other foundations and businesses, and the North Carolina Arts Council to support arts programs that have proven public value and are statewide or regional in scope.

  • 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 $266,155 · Grants $175,000

  • 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 $101,096

  • Traditional Program for Students (TAPS): TAPS, an initiative of the North Carolina Arts Council, provides community organizations with funding for after-school programs that unite North Carolina elementary and middle school students with traditional artists who provide instruction in art forms that have deep cultural roots in the local community.

    Expenses $46,150 · Grants $46,000

  • Expenses $45,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Willingham

    President

    Total calculated
    $0
    Hours/week
    1

  • Marla Adams

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Chad Cheek

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joe Logan

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Henry Walston

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Stephen Hill

    Ex Officio

    Total calculated
    $0
    Hours/week
    0.25

  • Beverly Nipper Bowles

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Davy Arch

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Suzanne Fetscher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Lowder

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Mitchell

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Patrick Sims

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Wayne Martin

    Executive Director

    Total calculated
    $94,800
    From this org
    $94,800
    From related orgs
    $0
    Other
    $0
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2026
IRS schema version
2023v6.0
Source object
202641809349301004

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.