Finances
The Cabarrus Arts Council is a 501(c)(3) non-profit corporation. The financial reports are reviewed monthly by the council’s executive 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.
2018-2019 Cash Revenues
| Individuals | $240,910 |
| Earned Income |
$190,556
|
| Grants | $163,237 |
| Corporations-Cash | $115,719 |
| Local Government-Cash |
$99,972
|
| Total Cash Revenues | $810,393 |
| Local Government | $185,000 |
| Corporations |
$55,000
|
| In-Kind Revenues |
$240,000
|
| Total Revenues |
$1,050,393
|
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.
2018-2019 Cash Expenditures
| Performances and Exhibitions | $246,704 |
| General Administration |
$178,996
|
| Arts in Education | $125,563 |
| Public Relations | $103,077 |
| Grants Program |
$87,001
|
| Fundraising |
$72,336
|
| Total Cash Expenditures |
$813,678
|
| In-Kind Expenses |
$240,000
|
| Total Expenditures |
$1,053,678
|
IRS Form 990
For more complete financial information you may follow this link to review the Cabarrus Arts Council’s Form 990.
Strategic Plan
2018-2019 Highlights
- Reached 335,097 participants through programs and grants
- Assisted with the first Juneteenth Celebration in Cabarrus County
- El Puente began translating our gallery activities and Facebook posts
- Kicked off the first season of Family Shows in the Davis Theatre
- Awarded Grassroots Grants to thirteen organizations
- Presented 69 curriculum-related performances to 38,539 students from all schools in Cabarrus County
- The Galleries featured 75 artists from many different cultures and backgrounds including Asian, Latin American, Native American, and African American
- Exhibited work by 57 local artists in four Art Walks
- Attracted more than 13,829 visitors to The Galleries and Davis Theatre
- Art On Tap presented four events for young adults, netting 73 members and 1,230 participants
- Family Days offered arts, crafts, dance and opera to 635 children and parents
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.
