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.

2019-2020 Cash Revenues

chart 1

Individuals $213,284
Earned Income
$187,077
Grants $151,885
Corporations-Cash $66,783
Local Government-Cash
$99,672
Total Cash Revenues $718,700
   
Local Government $185,000
Corporations
$40,000
In-Kind Revenues
$225,000
Total Revenues
$943,700

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.

2019-2020 Cash Expenditures

Chart 2.1

Performances and Exhibitions $234,530
General Administration
$156,655
Arts in Education $125,111
Public Relations $101,072
Grants Program
$90,387
Fundraising
$73,413
Total Cash Expenditures
$781,168
In-Kind Expenses
$225,000
Total Expenditures
$1,006,168

IRS Form 990s

2019-2020 Cabarrus Arts Council Form 990
2018-2019 Cabarrus Arts Council Form 990
2017-1018 Cabarrus Arts Council Form 990
2016-2017 Cabarrus Arts Council Form 990

Strategic Plan

strategic plan

2019-2020 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 12 organizations
  • Presented 50 curriculum-related performances to 38,910 students from all schools in Cabarrus County
  • The Galleries featured 47 artists and 31 gallery shop artists from many different cultures and backgrounds including Asian, Latin American, Native American, and African American
  • Exhibited work by 41 local artists in four Art Walks
  • Attracted more than 6,455 visitors to The Galleries and Davis Theatre
  • Art On Tap presented four events for young adults, netting 58 members and 132 participants
  • Family Days offered arts, crafts, dance and opera to 457 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.

The Cabarrus Arts Council thanks

Atrium Health
Mariam & Robert Hayes Charitable Trust
Independent Tribune
City Of Concord
Kannapolis City
Harrisburg
Midland Logo
Mt Pleasant Logo
Cabarrus County
Corning Foundation
Embassy Suites
Fifth Third
Hilliard