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Nonprofiteer
← CORNELIUS ARTS COMMUNITY CENTER INC

Form 990 for tax year 2022

Filed by CORNELIUS ARTS COMMUNITY CENTER INC.

Totals

Total revenue
$3,033,554
Total expenses
$2,157,682
Contributions and grants received
$2,266,038
Grants paid
$8,260
Program service revenue
$727,658
Investment income
$49,717
Other revenue
-$9,859
Total assets, end of year
$25,160,049
Total liabilities, end of year
$122,471
Net assets or fund balances, end of year
$25,037,578
Program services expenses (Part IX)
$1,254,512
Management and general expenses
$630,243
Fundraising expenses
$272,927
Program service expenses (Part III)
$1,254,512

Program services were 58.1% 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

    $43,496

  • 1e · Government grants (contributions)

    $426,000

  • 1f · All other contributions, gifts and grants

    $1,796,542

  • 2a · Program service revenue: TICKET REVENUE

    total $368,174 · related or exempt $368,174

  • 2b · Program service revenue: ART CLASS REVENUE

    total $208,979 · related or exempt $208,979

  • 2c · Program service revenue: FOOD & BEVERAGE

    total $56,160 · related or exempt $56,160

  • 2d · Program service revenue: FACILITY RENTAL

    total $53,708 · related or exempt $53,708

  • 2e · Program service revenue: BOX OFFICE FEES

    total $27,036 · related or exempt $27,036

  • 2f · All other program service revenue

    total $13,601 · related or exempt $13,601

  • 3 · Investment income

    total $85,144 · excluded $85,144

  • 7b · Less cost or other basis and sales expenses

    securities $35,427

  • 7c · Gain or loss

    securities -$35,427

  • 7d · Net gain or loss

    total -$35,427 · excluded -$35,427

  • 8a · Fundraising events: gross income

    $0

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

    $43,496

  • 8b · Fundraising events: direct expenses

    $12,702

  • 8c · Net income from fundraising events

    total -$12,702 · excluded -$12,702

  • 11a · Other revenue: OTHER INCOME

    total $2,843 · related or exempt $2,843

  • 11e · Other revenue, total

    $2,843

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $8,260 · program services $8,260

  • 5 · Compensation of officers, directors and key employees

    total $189,774 · program services $75,910 · management and general $56,932 · fundraising $56,932

  • 7 · Other salaries and wages

    total $368,949 · program services $117,619 · management and general $216,807 · fundraising $34,523

  • 9 · Other employee benefits

    total $49,637 · program services $17,626 · management and general $23,803 · fundraising $8,208

  • 10 · Payroll taxes

    total $37,968 · program services $15,348 · management and general $16,589 · fundraising $6,031

  • 11a · Fees: management

    total $14,593 · program services $4,524 · management and general $7,588 · fundraising $2,481

  • 11c · Fees: accounting

    total $82,828 · management and general $82,828

  • 11g · Fees: other

    total $347,383 · program services $347,314 · management and general $69

  • 12 · Advertising and promotion

    total $115,803 · program services $108,303 · management and general $7,500

  • 13 · Office expenses

    total $26,163 · program services $5,055 · management and general $16,113 · fundraising $4,995

  • 14 · Information technology

    total $19,010 · management and general $19,010

  • 16 · Occupancy

    total $145,098 · program services $95,618 · management and general $49,480

  • 17 · Travel

    total $9,686 · program services $4,506 · management and general $5,058 · fundraising $122

  • 22 · Depreciation, depletion and amortization

    total $360,714 · program services $306,607 · management and general $36,071 · fundraising $18,036

  • 23 · Insurance

    total $45,803 · management and general $45,803

  • 24a · Other expenses: EVENTS EXPENSE

    total $166,955 · program services $39,371 · fundraising $127,584

  • 24b · Other expenses: SUPPLIES

    total $77,062 · program services $77,062

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $30,838 · program services $2,978 · management and general $16,771 · fundraising $11,089

  • 24d · Other expenses: TELEPHONE AND COMMUNICA

    total $27,234 · program services $340 · management and general $26,894

  • 24e · All other expenses

    total $33,924 · program services $28,071 · management and general $2,927 · fundraising $2,926

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $534,994 · end of year $568,213

  • 2 · Savings and temporary cash investments

    beginning of year $6,654,707 · end of year $2,044,900

  • 3 · Pledges and grants receivable

    beginning of year $4,262,031 · end of year $473,171

  • 4 · Accounts receivable

    beginning of year $1,114 · end of year $96,917

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,783 · end of year $12,046

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

    $21,826,330

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

    $363,083

  • 10c · Land, buildings and equipment, net

    beginning of year $14,303,401 · end of year $21,463,247

  • 12 · Investments: other securities

    beginning of year $722,742 · end of year $499,850

  • 15 · Other assets

    beginning of year $153,930 · end of year $1,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,456,585 · end of year $23,843

  • 19 · Deferred revenue

    beginning of year $58,832 · end of year $90,745

  • 25 · Other liabilities

    beginning of year $0 · end of year $7,883

  • 27 · Net assets without donor restrictions

    beginning of year $339,611 · end of year $23,423,693

  • 28 · Net assets with donor restrictions

    beginning of year $23,790,674 · end of year $1,613,885

Mission and programs · 2022

Mission

TO MAINTAIN AND OPERATE AN ARTS AND COMMUNITY CENTER IN THE TOWN OF CORNELIUS BY SERVING THE ENTIRE LAKE NORMAN REGION.

  • CAIN CENTER FOR THE ARTS CONTINUES TO PROVIDE THE COMMUNITY WITH CLASSES, PROGRAMS, EXHIBITS, CONCERTS, AND OTHER FAMILY-FRIENDLY EVENTS AS WE OPERATE THE CORNELIUS ARTS CENTER FACILITY. WE HAVE ALSO PARTNERED WITH MANY COMMUNITY ORGANIZATIONS TO OFFER PRIVATE MUSIC LESSONS, FREE SHOWS IN LOCAL SCHOOLS, AND SCHOLARSHIP ASSISTANCE FOR THOSE IN NEED.

    Expenses $1,254,512 · Grants $8,260 · Revenue $727,658

As filed on the 2022 return.

Listed in Part VII

  • Greg Wessling

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Pat Bechdol

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Troy Stafford

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Cynthia Bush

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Kate Gaither

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Bill Ward

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Steve Brumm

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Caroline Mullan

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Paul Newton

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Ginger Griffin

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Donna Johnson

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Joshua Dobi

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Bill Morgan

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Laura Engel

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Susan Irvin

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Dale Gilmore

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Zachary Toof

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Tara Jaketic

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Jean Bock

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Justin Dionne

    EXECUTIVE DIRECTOR

    Total calculated
    $119,542
    From this org
    $119,542
    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
2022
Filed
29 February 2024
IRS schema version
2022v5.0
Source object
202440649349300609

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

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