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Nonprofiteer
← YADKIN ARTS COUNCIL INC

Form 990 for tax year 2024

Filed by YADKIN ARTS COUNCIL INC.

Totals

Total revenue
$943,515
Total expenses
$1,035,434
Contributions and grants received
$704,396
Grants paid
$10,448
Program service revenue
$0
Investment income
$5
Other revenue
$239,114
Total assets, end of year
$3,239,199
Total liabilities, end of year
$284,805
Net assets or fund balances, end of year
$2,954,394
Program services expenses (Part IX)
$250,397
Management and general expenses
$781,446
Fundraising expenses
$3,591
Program service expenses (Part III)
$250,397

Program services were 24.2% 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)

    $71,009

  • 1f · All other contributions, gifts and grants

    $633,387

  • 3 · Investment income

    total $5 · excluded $5

  • 6a · Gross rents

    real property $12,195

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,195

  • 6d · Net rental income or loss

    total $12,195 · related or exempt $12,195

  • 11a · Other revenue: Food sales

    total $226,919 · unrelated business $226,919

  • 11e · Other revenue, total

    $226,919

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,848 · program services $6,848

  • 2 · Grants to domestic individuals

    total $3,600 · program services $3,600

  • 5 · Compensation of officers, directors and key employees

    total $85,480 · management and general $85,480

  • 7 · Other salaries and wages

    total $302,280 · program services $48,000 · management and general $254,280

  • 8 · Pension plan contributions

    total $17,183 · management and general $17,183

  • 9 · Other employee benefits

    total $23,768 · program services $3,629 · management and general $20,139

  • 10 · Payroll taxes

    total $30,601 · program services $4,110 · management and general $26,491

  • 11a · Fees: management

    total $6,584 · management and general $6,584

  • 11c · Fees: accounting

    total $14,600 · management and general $14,600

  • 12 · Advertising and promotion

    total $26,369 · program services $26,369

  • 13 · Office expenses

    total $36,603 · management and general $36,603

  • 16 · Occupancy

    total $8,708 · management and general $8,708

  • 20 · Interest

    total $24,985 · management and general $24,985

  • 22 · Depreciation, depletion and amortization

    total $124,607 · management and general $124,607

  • 24a · Other expenses: Arts programs

    total $120,614 · program services $120,614

  • 24b · Other expenses: Bistro food and beverag

    total $88,078 · management and general $88,078

  • 24c · Other expenses: Rent, parking, and othe

    total $24,889 · program services $24,889

  • 24d · Other expenses: Utilities

    total $24,574 · management and general $24,574

  • 24e · All other expenses

    total $65,063 · program services $12,338 · management and general $49,134 · fundraising $3,591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,791 · end of year $25,977

  • 4 · Accounts receivable

    beginning of year $498

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

    $4,778,855

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

    $1,565,633

  • 10c · Land, buildings and equipment, net

    beginning of year $3,326,169 · end of year $3,213,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,148 · end of year $4,764

  • 23 · Secured mortgages and notes payable

    beginning of year $300,000 · end of year $280,041

  • 27 · Net assets without donor restrictions

    beginning of year $3,046,310 · end of year $2,954,394

Mission and programs · 2024

Mission

The exempt purpose of Yadkin Arts Council, Inc. is to coordinate and develop the cultural resources in Yadkin County in connection with the arts and to enrich lives through the arts.

  • To bring arts events and arts education to the greater Yadkin County area. To coordinate and develop the cultural resources in Yadkin County in connection with the arts and to enrich lives through the arts.

    Expenses $250,397 · Grants $10,448

As filed on the 2024 return.

Listed in Part VII

  • John Willingham

    President

    Total calculated
    $0
    Hours/week
    10
  • Mark Brandon

    Vice Pres/Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Gray Renegar

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Ercel Carter

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Joel Cornelius

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Jim Drum

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Lisa Drum

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Robert Garcia

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Angel Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Joy Kay

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Patrick Long

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Anna Peterson

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Shannon Taylor

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Susie Tickle

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Amos Westmoreland

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Donna Willingham

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Dan Cornelius

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Mike Koser

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Harvey Urieta

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Sarah Smith

    Executive Director

    Total calculated
    $85,480
    From this org
    $85,480
    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
2024
Filed
27 January 2026
IRS schema version
2024v5.5
Source object
202640279349301529

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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