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Economic Impact

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 Foard and Company, PA.

Funding

The Cabarrus Arts Council’s funding comes from donations, grants and earned income. The Executive Director and Board of Directors plan a careful balance of income sources.

  • Individuals

    $ 245,457.12

  • Earned Income

    $ 182,472.52

  • Grants

    $ 249,145.00

  • COVID Grants

    $ 229,287.63

  • Corporations

    $ 68,606.72

  • Local Government

    $ 98,850.00

  • In-Kind Revenues

    $ 225,000.00

  • Total Cash Revenues

    $ 1,298,818.99

Use of Funds

  • Performances and Exhibitions

    $ 234,624.06

  • General Administration

    $ 172,873.39

  • Arts in Education

    $ 153,587.05

  • Marketing & Public Relations

    $ 97,510.14

  • Grants Program

    $ 207,742.47

  • Fundraising

    $ 111,538.95

  • In-Kind Expenses

    $ 225,000.00

  • Total Expenditures

    $1,202,876.07

IRS Form 990s

Code of Ethics

The Cabarrus Arts Council and its Executive Director, Liz Fitzgerald, are members of the Association of Fundraising Professionals and abide by the AFP’s fundraising code of ethics.

Arts & Economic Prosperity 6

Arts & Economic Prosperity 6 (AEP6) is an economic and social impact study of the nation’s nonprofit arts and culture industry. Building on its 30-year legacy as the largest and most inclusive study of its kind, AEP6 provides detailed findings on 373 regions from across all 50 states and Puerto Rico—ranging in population from 4,000 to 4 million—and representing rural, suburban, and large urban communities.

In 2022, nonprofit arts and culture organizations and their audiences generated $151.7 billion in economic activity—$73.3 billion in spending by the organizations, which leveraged an additional $78.4 billion in event-related spending by their audiences. The impact of this economic activity is far reaching, supporting 2.6 million jobs, generating $29.1 billion in tax revenue, and providing $101 billion in personal income to residents. AEP6 sends a strong signal that when we support the arts, we are investing in both economic and community well-being.

Cabarrus Arts Council was excited to participate in this study and we are now eager to share the results specific to Cabarrus County.

Click Here to Learn About the National Results

Click Here to See the Cabarrus County Results

Click Here to See Key Takeaways about the Cabarrus County Results