Form 990 for tax year 2024

Filed by CORNELIUS ARTS COMMUNITY CENTER INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 22 July 2026. 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: $212,448
Total expenses: $459,802
Contributions and grants received: $68,750
Grants paid: $0
Program service revenue: $106,588
Investment income: $37,110
Other revenue: $0
Total assets, end of year: $25,602,651
Total liabilities, end of year: $429,125
Net assets or fund balances, end of year: $25,173,526
Program services expenses (Part IX): $344,671
Management and general expenses: $66,030
Fundraising expenses: $49,101
Program service expenses (Part III): $344,671

Program services were 75.0% 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)

$68,500
1f · All other contributions, gifts and grants

$250
2a · Program service revenue: FACILITY RENTAL

total $43,157 · related or exempt $43,157
2b · Program service revenue: SUMMER CAMP REVENUE

total $30,223 · related or exempt $30,223
2c · Program service revenue: FOOD & BEVERAGE

total $18,117 · related or exempt $18,117
2d · Program service revenue: ART CLASS REVENUE

total $9,639 · related or exempt $9,639
2e · Program service revenue: OTHER PROGRAM SERVICE

total $5,452 · related or exempt $5,452
3 · Investment income

total $37,110 · excluded $37,110

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $26,567 · program services $10,603 · management and general $7,961 · fundraising $8,003
7 · Other salaries and wages

total $114,885 · program services $86,815 · fundraising $28,070
9 · Other employee benefits

total $23,987 · program services $1,577 · management and general $19,941 · fundraising $2,469
10 · Payroll taxes

total $11,417 · program services $1,221 · management and general $10,196
11c · Fees: accounting

total $14,585 · program services $14,585
11g · Fees: other

total $42,679 · program services $40,468 · management and general $1,666 · fundraising $545
12 · Advertising and promotion

total $11,997 · program services $11,230 · fundraising $767
13 · Office expenses

total $27,481 · program services $26,062 · management and general $1,419
14 · Information technology

total $9,455 · program services $2,291 · management and general $4,430 · fundraising $2,734
16 · Occupancy

total $15,873 · program services $15,873
17 · Travel

total $1,152 · program services $112 · management and general $1,040
22 · Depreciation, depletion and amortization

total $120,673 · program services $102,572 · management and general $12,067 · fundraising $6,034
23 · Insurance

total $5,452 · management and general $5,452
24a · Other expenses: RENT

total $12,612 · program services $12,612
24b · Other expenses: SUPPLIES

total $7,436 · program services $7,436
24c · Other expenses: F&B CONCESSIONS

total $4,115 · program services $4,115
24d · Other expenses: EQUIPMENT RENT

total $2,950 · program services $2,950
24e · All other expenses

total $6,486 · program services $4,149 · management and general $1,858 · fundraising $479

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $808,802 · end of year $833,389
2 · Savings and temporary cash investments

beginning of year $3,157,750 · end of year $3,185,211
3 · Pledges and grants receivable

beginning of year $249,241 · end of year $231,359
4 · Accounts receivable

beginning of year $1,951 · end of year $2,914
9 · Prepaid expenses and deferred charges

beginning of year $10,273 · end of year $14,343
10a · Land, buildings and equipment: cost or other basis

$21,998,628
10b · Land, buildings and equipment: accumulated depreciation

$1,204,327
10c · Land, buildings and equipment, net

beginning of year $20,896,375 · end of year $20,794,301
12 · Investments: other securities

beginning of year $534,489 · end of year $539,429
15 · Other assets

beginning of year $1,705 · end of year $1,705
17 · Accounts payable and accrued expenses

beginning of year $104,770 · end of year $89,407
19 · Deferred revenue

beginning of year $127,260 · end of year $331,935
25 · Other liabilities

beginning of year $7,783 · end of year $7,783
27 · Net assets without donor restrictions

beginning of year $22,797,834 · end of year $22,989,370
28 · Net assets with donor restrictions

beginning of year $2,622,939 · end of year $2,184,156

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 2024, CAIN CENTER FOR THE ARTS CURATED 47 PRODUCTIONS AND HOSTED 17 PRODUCTIONS FOR OTHER ORGANIZATIONS. MORE THAN 18,400 PATRONS ATTENDED THESE SHOWS. TEN EXHIBITS WERE HELD SHOWCASING LOCAL AND REGIONAL ARTISTS OF ALL AGES. CAIN CENTER'S EDUCATION DEPARTMENT OVERSAW SIXTY-SEVEN CLASSES SERVING APPROXIMATELY 600 STUDENTS IN VARIOUS DISCIPLINES SUCH AS CERAMICS, PAINTING, SEWING, MIXED MEDIA, AND BALLET. WITH THE SUPPORT OF DONORS, THE COMMUNITY IMPACT FUND PROVIDED MORE THAN 175 AFFORDABLE TICKETS, 48 SUMMER CAMP SCHOLARSHIPS, AND 23 YEAR-LONG MUSIC LESSONS. IN COLLABORATION WITH FIVE COMMUNITY PARTNERS, CAIN CENTER PARTICIPATED IN MORE THAN SEVEN "ARTS IN COMMUNITY AND FOUR "ARTS IN SCHOOLS" PROGRAMS.

Expenses $344,671 · Revenue $106,588

As filed on the 2024 return.

Listed in Part VII

Paul NewtonPAUL NEWTON

PRESIDENT

Total calculated

$0

Hours/week

4
Jean BockJEAN BOCK

VICE PRESIDENT

Total calculated

$0

Hours/week

4
Douglas MarionDOUGLAS MARION

TREASURER

Total calculated

$0

Hours/week

4
Cynthia BushCYNTHIA BUSH

SECRETARY

Total calculated

$0

Hours/week

4
Greg WesslingGREG WESSLING

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Pat BechdolPAT BECHDOL

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Kate GaitherKATE GAITHER

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Caroline MullanCAROLINE MULLAN

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Joshua DobiJOSHUA DOBI

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Bill MorganBILL MORGAN

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Susan IrvinSUSAN IRVIN

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Dale GillmoreDALE GILLMORE

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Zachary ToofZACHARY TOOF

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Tara JaketicTARA JAKETIC

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Ak MathesonAK MATHESON

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Tracey StehleTRACEY STEHLE

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Ryan LefebvreRYAN LEFEBVRE

BOARD OF DIRECTORS

Total calculated

$0

Hours/week

2
Justin DionneJUSTIN DIONNE

EXECUTIVE DIRECTOR

Total calculated

$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: 2024
Filed: 10 February 2025
IRS schema version: 2024v5.0
Source object: 202530429349301633

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