2024-11-14T08:05:33-06:00 2023-12-31 561945391 MPCOMPANY LLP 4600 MARRIOTT DRIVE SUITE 300 RALEIGH NC 27612 990 2023-01-01 452650004 THEGIFTED ARTS INC THEG 9198125222 1100-142 NORTH RALEIGH BOULEVARD RALEIGH NC 27610 CLARENCE MORGAN III CHIEF OPERATING OFFICER 9198125222 2024-11-13 1 0 MARTHA REGISTER-FUTRELL P01373521 9198369200 2024-11-13 2023 2024-10-15 13:58:12Z CLARENCE MORGAN III 1100-142 NORTH RALEIGH BOULEVARD RALEIGH NC 27610 377700 0 X WWW.THEGIFTEDARTS.ORG X 2011 NC OUR MISSION IS TO TRANSFORM THE LIVES OF YOUTH THROUGH CULTURALLY RESPONSIVE ARTISTIC EXPERIENCES. WE ARE COMMITTED TO ELIMINATING RACIAL INEQUALITIES IN THE ARTS AND DISMANTLING SYSTEMS OF OPPRESSION WITH AND THROUGH OUR ART. WE ENVISION A WORLD WHERE YOUNG PEOPLE HAVE THE TOOLS THEY NEED TO SUCCESSFULLY NAVIGATE LIFE OBSTACLES AND ULTIMATELY EMBRACE THEIR GIFTS AND PURPOSE. 4 4 10 3 0 0 414695 313366 40417 64334 0 0 0 0 455112 377700 0 1150 0 0 228423 308221 0 0 0 104327 144668 332750 454039 122362 -76339 161067 84728 0 0 161067 84728 X OUR MISSION IS TO TRANSFORM THE LIVES OF YOUTH THROUGH CULTURALLY RESPONSIVE ARTISTIC EXPERIENCES. WE ARE COMMITTED TO ELIMINATING RACIAL INEQUALITIES IN THE ARTS AND DISMANTLING SYSTEMS OF OPPRESSION WITH AND THROUGH OUR ART. WE ENVISION A WORLD WHERE YOUNG PEOPLE HAVE THE TOOLS THEY NEED TO SUCCESSFULLY NAVIGATE LIFE OBSTACLES AND ULTIMATELY EMBRACE THEIR GIFTS AND PURPOSE. 0 0 214202 1150 50230 GIFTEDACADEMY - A SIGNATURE YEAR-ROUND PROGRAM WHERE 60 STUDENTS EXPLORE DANCE, THEATER, FASHION, SPOKEN-WORD, AND MUSIC PROGRAMMING. TGA PRODUCED A ZEALOUS SEASON OF 26 INTERNAL AND EXTERNAL EVENTS REACHING AN ESTIMATED 8,000 AUDIENCE MEMBERS. 44943 10539 GIFTEDIMPACT - PROVIDES PERFORMANCE, DEMONSTRATIONS, AND FREE AFTER-SCHOOL PROGRAMS FOR SCHOOLS AND COMMUNITY AGENCIES. 15201 3565 GIFTEDSUMMER - A UNIQUE, FULL-DAY, FIVE-WEEK CULTURAL PERFORMING ARTS CAMP FOR RISING 3RD-10TH GRADE STUDENTS INTERESTED IN EXPLORING THE PERFORMING ARTS WORLD, WITH DAILY EDUCATIONAL PROJECT-BASED RECREATIONAL ACTIVITIES THROUGHOUT THE SUMMER. 1893 GIFTEDREACH - A COMMUNITY-BASED PROJECTS AND EVENTS PROGRAM THAT PROMOTES AND PROVIDES EDUCATION, CONNECTIONS, AND ARTS THAT INFLUENCE HOLISTIC HEALTH AND WELLNESS AND LIFESTYLE BEHAVIORS TO COMMUNITIES OF COLOR, INCLUDING OUR FREE COMMUNITY WORKSHOP SERIES AND ANNUAL BACK TO SCHOOL EVENT. 1893 276239 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 10 1 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CLARENCE MORGAN III 9198125222 410 GLENWOOD AVE SUITE 170 RALEIGH NC 27603 WANDA LASSITER BOARD TREASURER 1.00 X X 0 0 0 ELLIOT BRODY BOARD MEMBER 1.50 X 0 0 0 RAFIK KEITH BOARD CHAIR 1.00 X X 0 0 0 BREE CARNES BOARD MEMBER 1.00 X 0 0 0 NICHOLE MORGAN FOUNDER, CEO 40.00 X 95000 0 11422 CLARENCE MORGAN III FOUNDER, COO 40.00 X 80000 0 8299 175000 0 19721 0 0 0 0 0 249 313117 313366 PROGRAM INCOME 711190 46171 46171 SPECIAL EVENTS INCOME 711190 18163 18163 64334 377700 64334 0 0 1150 1150 194721 140530 54191 86290 62275 24015 5385 3886 1499 21825 15751 6074 328 328 2060 2060 23505 13795 9710 10705 907 9798 16133 1351 14782 40557 4694 35863 18614 7547 11067 8036 8036 PROGRAM SUPPLIES 21572 21572 OFFICE SUPPLIES 3158 2781 377 454039 276239 177800 0 157676 76994 3363 3363 28 4371 161067 84728 0 0 X 0 0 0 0 161067 84728 161067 84728 161067 84728 -76339 0 X 0 0 0 X 97434 152589 201578 414695 349366 1215662 25266 16271 18798 40417 64334 165086 122700 168860 220376 455112 413700 1380748 0 39000 73615 142545 255160 39000 73615 142545 255160 1125588 122700 168860 220376 455112 413700 1380748 0.81520 0.71400 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 UNCATEGORIZED ASSET 3771 SECURITY DEPOSITS 600 4371 FORM 990, PART VI, SECTION A, LINE 2 NICHOLE MORGAN AND CLARENCE MORGAN III ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONDUCTS ANNUAL REVIEWS TO ENSURE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THESE REVIEWS ARE CARRIED OUT BY THE BOARD OF DIRECTORS OR A DESIGNATED COMPLIANCE COMMITTEE. ANY ISSUES OR CONFLICTS IDENTIFIED ARE ADDRESSED PROMPTLY AND DOCUMENTED IN THE MEETING MINUTES TO ENSURE TRANSPARENCY AND ACCOUNTABILITY. WE ALSO REQUIRE ALL BOARD MEMBERS AND KEY EMPLOYEES TO DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST, WHICH ARE THEN REVIEWED AND MANAGED ACCORDING TO THE GUIDELINES ESTABLISHED IN OUR POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS COMPARABLE DATA AND COMPENSATION FOR EACH POSITION BASED ON NATIONAL AND REGIONAL INFORMATION. THE BOARD THEN VOTES TO ACCEPT OR DENY COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION IS NOT REQUIRED TO PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC; HOWEVER, THESE DOCUMENTS ARE PROVIDED TO CERTAIN GRANTORS/DONORS AS REQUESTED. THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO OTHER INTERESTED PARTIES UPON REQUEST. FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON GUIDESTAR AT WWW.GUIDESTAR.ORG.