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.

2013-2014 Revenues

Revenues

Corporations
$116,028
Earned Income
$150,498
Grants
$129,221
Individuals
$182,165
Local Government
$81,450
Cash Revenues
$659,362
In-Kind Revenues
$258,665
Total Revenues
$918,027

USE OF FUNDS

The Cabarrus Arts Council makes every dollar count. 80% of its budget is spent on Programs, and 20% is spent on General Administration.

 

2013-2014 Expenditures

Expenses

Programs
Performances & Exhibitions
$183,585
Public Relations
$93,309
Arts in Education
$89,658
Grants Program
$85,801
Fundraising
$51,685
Total Program Expenditures
$504,038
General Administration
$130,301
Total Cash Expenditures
$634,339
In-Kind Expenses
$258,665
Total Expenses
$893,004

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

2014-15 Davis Theatre tickets are now on sale.

 

The Galleries will be closed Saturday and Monday, Aug. 30 and Sept. 1, for Labor Day. The arts council offices will also be closed Sept. 1.

 

Community Theatre: Noises Off

Sept. 11-28

Old Courthouse Theatre

Hilarious farce about a cast of itinerant actors rehearsing a flop. Call 704-788-2405 for tickets or more information.

 

VIEW CALENDAR

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...

ArtsNC License Plate

 

Virtual Tour of The Galleries & Davis Theatre