Finances
FINANCES
The Cabarrus Arts Council is a 501(c)(3) non-profit corporation. The financial reports are reviewed monthly by the council’s finance committee and the board of directors and audited annually by C. DeWitt Foard and Company, PA.
FUNDING
The Cabarrus Arts Council’s funding comes from donations, grants and earned income. The President and CEO and Board of Directors plan a careful balance of income sources.
2011-2012 Revenues
Revenues
| Corporations | $162,538 |
| Earned Income | $156,673 |
| Grants | $143,490 |
| Individuals | $99,151 |
| Local Government | $69,850 |
| Total Cash Revenues | $631,702 |
In-Kind Revenues | $127,665 |
Total Revenues | $759,367 |
USE OF FUNDS
The Cabarrus Arts Council makes every dollar count. 82% of its budget is spent on Programs, and 18% is spent on General Administration.
2011-2012 Expenditures
Expenses
| Programs | |
Performances & Exhibitions |
$191,120 |
Public Relations |
$110,780 |
Arts in Education |
$97,360 |
Grants Program |
$61,382 |
Fundraising |
$41,812 |
| Total Program Expenditures | $502,454 |
| General Administration | $111,949 |
| Total Cash Expenditures | $614,403 |
In-Kind Expenses | $127,665 |
| Total Expenses | $742,068 |
IRS FORM 990
For more complete financial information you may follow this link to review the Cabarrus Arts Council’s Form 990. IRS Form 990
CODE OF ETHICS
The Cabarrus Arts Council and its President and CEO, Noelle Rhodes Scott, are members of the Association of Fundraising Professionals and abide by the AFP’s fundraising code of ethics:
Code of Ethics
Upcoming Events
Tim Clark Band
Friday, June 1
7: pm
Village Park, Kannapolis
Free outdoor concert featuring beach, oldies and party music.
Fantasy Island
Opens Monday, June 3
The Galleries
Summer exhibition invites you to escape the ordinary through artistic flights of fancy and whimsy.
Want to volunteer for the arts council?
The arts council is looking for volunteer docents for The Galleries and ushers for Davis Theatre productions.More information...
