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Nonprofiteer
← BLACK MOUNTAIN COLLEGE MUSEUMS & ARTS CENTER

Form 990 for tax year 2024

Filed by BLACK MOUNTAIN COLLEGE MUSEUMS & ARTS CENTER.

Totals

Total revenue
$2,790,049
Total expenses
$574,374
Contributions and grants received
$2,659,216
Grants paid
$0
Program service revenue
$59,764
Investment income
$62,557
Other revenue
$8,512
Total assets, end of year
$4,434,707
Total liabilities, end of year
$10,807
Net assets or fund balances, end of year
$4,423,900
Program services expenses (Part IX)
$301,528
Management and general expenses
$168,019
Fundraising expenses
$104,827
Program service expenses (Part III)
$301,528

Program services were 52.5% 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.

  • 1b · Membership dues

    $30,779

  • 1e · Government grants (contributions)

    $66,150

  • 1f · All other contributions, gifts and grants

    $2,562,287

  • 2a · Program service revenue: EVENT INCOME

    total $43,376 · related or exempt $43,376

  • 2b · Program service revenue: MUSEUM ENTRANCE FEES

    total $14,746 · related or exempt $14,746

  • 2c · Program service revenue: CONFERENCE INCOME

    total $1,642 · related or exempt $1,642

  • 3 · Investment income

    total $103,261 · excluded $103,261

  • 5 · Royalties

    total $3,195 · related or exempt $3,195

  • 6a · Gross rents

    real property $17,256

  • 6b · Less rental expenses

    real property $48,773

  • 6c · Rental income or loss

    real property -$31,517

  • 6d · Net rental income or loss

    total -$31,517 · excluded -$31,517

  • 7a · Gross sales of assets other than inventory

    securities $1,316,238

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

    securities $1,301,573 · other assets $55,369

  • 7c · Gain or loss

    securities $14,665 · other assets -$55,369

  • 7d · Net gain or loss

    total -$40,704 · excluded -$40,704

  • 10a · Gross sales of inventory

    $58,691

  • 10b · Cost of goods sold

    $21,857

  • 10c · Net income from sales of inventory

    total $36,834 · related or exempt $36,834

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $83,000 · program services $29,050 · management and general $33,200 · fundraising $20,750

  • 7 · Other salaries and wages

    total $173,696 · program services $60,794 · management and general $69,478 · fundraising $43,424

  • 10 · Payroll taxes

    total $17,915 · program services $6,270 · management and general $7,166 · fundraising $4,479

  • 11b · Fees: legal

    total $15,417 · program services $5,396 · management and general $6,167 · fundraising $3,854

  • 11c · Fees: accounting

    total $3,050 · program services $1,068 · management and general $1,220 · fundraising $762

  • 11g · Fees: other

    total $83 · program services $29 · management and general $33 · fundraising $21

  • 12 · Advertising and promotion

    total $2,173 · program services $2,173

  • 13 · Office expenses

    total $3,237 · program services $1,133 · management and general $1,295 · fundraising $809

  • 14 · Information technology

    total $883 · program services $309 · management and general $353 · fundraising $221

  • 16 · Occupancy

    total $82,372 · program services $28,830 · management and general $32,949 · fundraising $20,593

  • 20 · Interest

    total $297 · management and general $297

  • 22 · Depreciation, depletion and amortization

    total $13,271 · program services $4,645 · management and general $5,308 · fundraising $3,318

  • 23 · Insurance

    total $8,372 · program services $2,930 · management and general $3,349 · fundraising $2,093

  • 24a · Other expenses: EXHIBITIONS

    total $76,861 · program services $76,861

  • 24b · Other expenses: EVENT EXPENSES

    total $53,869 · program services $53,869

  • 24c · Other expenses: ACTIVE ARCHIVE RESIDENC

    total $13,579 · program services $13,579

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $13,280 · program services $4,648 · management and general $5,312 · fundraising $3,320

  • 24e · All other expenses

    total $13,019 · program services $9,944 · management and general $1,892 · fundraising $1,183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,736 · end of year $53,234

  • 2 · Savings and temporary cash investments

    beginning of year $180,067 · end of year $90,936

  • 3 · Pledges and grants receivable

    end of year $5,000

  • 4 · Accounts receivable

    end of year $4,663

  • 8 · Inventories for sale or use

    beginning of year $3,642 · end of year $22,681

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

    $4,459,908

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

    $202,626

  • 10c · Land, buildings and equipment, net

    beginning of year $519,598 · end of year $4,257,282

  • 11 · Investments: publicly traded securities

    beginning of year $1,647,241 · end of year $911

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,773 · end of year $10,807

  • 27 · Net assets without donor restrictions

    beginning of year $761,270 · end of year $4,332,964

  • 28 · Net assets with donor restrictions

    beginning of year $1,647,241 · end of year $90,936

Mission and programs · 2024

Mission

PRESERVING AND CONTINUING THE LEGACY OF EDUCATIONAL AND ARTISTIC INNOVATION OF BLACK MOUNTAIN COLLEGE THROUGH COLLECTION, CONSERVATION, AND EDUCATIONAL ACTIVITIES INCLUDING EXHIBITIONS, PUBLICATIONS, AND PUBLIC PROGRAMS.

  • EDUCATE AND ENLIGHTEN THE GENERAL PUBLIC TO THE ARTS AT BLACK MOUNTAIN COLLEGE BY NON PROFIT ART GALLERY AND MUSEUM EXHIBITS OF PAINTINGS, DRAWINGS, SCULPTURES, PHOTOS, ETC BY ARTISTS WHO ATTENDED BLACK MOUNTAIN COLLEGE.

    Expenses $301,528 · Revenue $99,793

As filed on the 2024 return.

Listed in Part VII

  • Rob Pulleyn

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michael Manes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Curt Cloninger

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Teresa Swan Tuite

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Ralph Burns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Donald Carson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Richard Chess

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Marcia R Cohen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Blaise Defranceaux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hedy Fischer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Grant Henegan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Leigh Maher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dave Peifer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cherry Lentz Saenger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mary Holden Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Amanda Wiles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nan Zander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Arnal

    EXECUTIVE DIRECTOR

    Total calculated
    $83,000
    From this org
    $83,000
    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SPROUTED SEEDS LLC

    REAL ESTATE · NC · income -$31,517 · assets $3,990,467

    Directly controlled by BLACK MOUNTAIN COLLEGE MUSEUM AND ARTS CENTER INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349311467

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