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Nonprofiteer
← ARTS CENTER OF COASTAL CAROLINA

Form 990 for tax year 2022

Filed by ARTS CENTER OF COASTAL CAROLINA.

Totals

Total revenue
$4,837,032
Total expenses
$5,223,499
Contributions and grants received
$1,716,185
Grants paid
$0
Program service revenue
$2,183,976
Investment income
$269,367
Other revenue
$667,504
Total assets, end of year
$9,392,690
Total liabilities, end of year
$3,331,707
Net assets or fund balances, end of year
$6,060,983
Program services expenses (Part IX)
$4,510,679
Management and general expenses
$328,926
Fundraising expenses
$383,894
Program service expenses (Part III)
$4,510,679

Program services were 86.4% 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.

  • 1c · Fundraising events

    $14,551

  • 1e · Government grants (contributions)

    $544,996

  • 1f · All other contributions, gifts and grants

    $1,156,638

  • 1g · Noncash contributions included above

    $292,683

  • 2a · Program service revenue: ADMISSION FEES ETC.

    total $2,183,976 · related or exempt $2,183,976

  • 3 · Investment income

    total $269,367 · related or exempt $269,367

  • 6a · Gross rents

    real property $97,632

  • 6c · Rental income or loss

    real property $97,632

  • 6d · Net rental income or loss

    total $97,632 · related or exempt $97,632

  • 8a · Fundraising events: gross income

    $169,864

  • 8a · Fundraising events: contributions included on line 1c

    $14,551

  • 8b · Fundraising events: direct expenses

    $50,641

  • 8c · Net income from fundraising events

    total $119,223

  • 10a · Gross sales of inventory

    $102,925

  • 10b · Cost of goods sold

    $55,416

  • 10c · Net income from sales of inventory

    total $47,509 · related or exempt $47,509

  • 11a · Other revenue: OTHER

    total $161,073 · related or exempt $161,073

  • 11b · Other revenue: FACILITY SUPPORT

    total $157,696 · related or exempt $157,696

  • 11c · Other revenue: OTHER NON-OPERATING INCOME

    total $69,821 · related or exempt $69,821

  • 11d · All other revenue

    total $14,550 · unrelated business $14,550

  • 11e · Other revenue, total

    $403,140

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $136,570 · program services $34,188 · management and general $27,314 · fundraising $75,068

  • 7 · Other salaries and wages

    total $2,113,964 · program services $1,795,301 · management and general $181,297 · fundraising $137,366

  • 11b · Fees: legal

    total $6,069 · management and general $6,069

  • 11c · Fees: accounting

    total $26,319 · management and general $26,319

  • 11g · Fees: other

    total $1,483,586 · program services $1,360,935 · management and general $46,501 · fundraising $76,150

  • 12 · Advertising and promotion

    total $282,639 · program services $269,992 · fundraising $12,647

  • 13 · Office expenses

    total $79,697 · program services $23,439 · management and general $866 · fundraising $55,392

  • 15 · Royalties

    total $213,105 · program services $213,105

  • 16 · Occupancy

    total $105,826 · program services $98,624 · management and general $4,945 · fundraising $2,257

  • 17 · Travel

    total $77,248 · program services $75,430 · management and general $663 · fundraising $1,155

  • 20 · Interest

    total $134,028 · program services $113,630 · management and general $8,578 · fundraising $11,820

  • 22 · Depreciation, depletion and amortization

    total $409,029 · program services $381,193 · management and general $19,112 · fundraising $8,724

  • 23 · Insurance

    total $155,419 · program services $144,842 · management and general $7,262 · fundraising $3,315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,927,344 · end of year $1,601,337

  • 2 · Savings and temporary cash investments

    beginning of year $92,350 · end of year $58,017

  • 3 · Pledges and grants receivable

    beginning of year $302,686 · end of year $253,139

  • 4 · Accounts receivable

    beginning of year $19,249 · end of year $23,256

  • 8 · Inventories for sale or use

    beginning of year $1,579 · end of year $550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,912 · end of year $91,036

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

    $12,958,460

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

    $8,749,527

  • 10c · Land, buildings and equipment, net

    beginning of year $4,456,757 · end of year $4,208,933

  • 11 · Investments: publicly traded securities

    beginning of year $2,716,694 · end of year $2,705,858

  • 15 · Other assets

    beginning of year $212,220 · end of year $450,564

  • 17 · Accounts payable and accrued expenses

    beginning of year $149,725 · end of year $247,254

  • 19 · Deferred revenue

    beginning of year $631,524 · end of year $690,983

  • 23 · Secured mortgages and notes payable

    beginning of year $1,955,403 · end of year $1,679,141

  • 24 · Unsecured notes and loans payable

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

  • 25 · Other liabilities

    beginning of year $44,078 · end of year $214,329

  • 27 · Net assets without donor restrictions

    beginning of year $3,702,913 · end of year $3,316,047

  • 28 · Net assets with donor restrictions

    beginning of year $2,790,148 · end of year $2,744,936

Mission and programs · 2022

Mission

TO PROVIDE CULTURAL ENRICHMENT ON HILTON HEAD ISLAND AND ENABLE RESIDENTS AND VISITORS TO HAVE ACCESS TO CULTURAL ACTIVITIES.

Activities or mission (Part I)

TO ENRICH AND BENEFIT THE COMMUNITY THROUGH THE ARTS

  • THEATRICAL PRODUCTIONS THAT ALLOW THE COMMUNITY TO EXPERIENCE LIVE THEATRE. PRESENTING SERIES OFPERFORMING ARTIST TO ALLOW THE PUBLIC TO SEE LIVE PERFORMANCES BY RENOWNED ARTISTS. VISUAL ART PRESENTATIONS IN THE CENTER'S GALLERY.

    Expenses $4,510,679 · Revenue $2,183,976

As filed on the 2022 return.

Listed in Part VII

  • Jeffrey Reeves

    PRESIDENT, C

    Total calculated
    $136,570
    From this org
    $136,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Opal D Abbink

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Stephen J Alfred

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Sandra J Berthelsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Aletta Bond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Becca Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Marc A Grant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ann D Grindstaff

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Robert E Lee

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth B Mayo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • William V McHugh

    CHARIMAN

    Total calculated
    $0
    Hours/week
    5

  • Leslie B Richardson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Michael R Waters

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    5

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
2022
Filed
5 July 2023
IRS schema version
2022v5.0
Source object
202421919349301007

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