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.

2016-2017 Cash Revenues

16 17 revenues2

Individuals $255,712
Earned Income
$188,561
Local Government In-Kind $185,000
Grants $138,157
Local Government-Cash
$99,602
Corporations-Cash $96,708
Corporations-In-Kind
$55,250
Cash Revenues
$778,348
In-Kind Revenues
$240,250
Total Revenues
$1,018,990

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.

2016-2017 Cash Expenditures

16 17 expenses2

Performances and Exhibitions $224,563
General Administration
$133,350
Arts in Education $125,118
Public Relations $99,192
Grants Program
$93,509
Fundraising
$81,431
Total Cash Expenditures
$757,163
In-Kind Expenses
$240,000
Total Expenditures
$997,163

IRS Form 990

For more complete financial information you may follow this link to review the Cabarrus Arts Council’s Form 990.

2016-2017 Highlights

  • Reached 338,228 participants through programs and grants
  • Presented 63 curriculum-related performances to 31,897 students from all schools in Cabarrus County
  • Exhibited work by 621 artists in four Art Walks
  • Attracted more than 17,655 visitors to The Galleries and Davis Theatre
  • Art on Tap presented four events for young adults, netting 91 members and 239 participants
  • For the first time matinees were added to the original Davis Theatre line-up
  • Kathy Mattea and The Drifters headlined On Stage at the Davis to packed audiences
  • Family Days offered arts, crafts, dance, and opera for young families
  • The Galleries featured 87 artists from many different cultures and backgrounds including Asian, Latin American, Greek, and African American
  • The Galleries Shop expanded its inventory for handcrafted gifts and jewelry
  • Held second annual Dancing for the Arts competition
  • Coordinated Americans for the Arts Economic Impact Study in Cabarrus County, part of the Arts and Economic Impact Study in Cabarrus County for the USA.

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.

Corporate Sponsors

  • Carolinas HealthCare System
  • Embassy Suites
  • Concord Printing Company
  • Duke Energy
  • Great Wolf Lodge
  • Independent Tribune
  • S&D Coffee and Tea
  • Technologies Edge
  • Wells Fargo
  • Arts North Carolina
  • Stocks, Smith, Campbell & Dendy, P.A.