2024-03-04T14:48:29-06:00 2023-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2022-07-01 814628087 CORNELIUS ARTS COMMUNITY CENTER INC CORN 9806893101 PO BOX 1443 CORNELIUS NC 28031 PAUL NEWTON PRESIDENT 9806893101 2024-02-29 1 PAUL NEWTON 999009999 0 PAULA P TILLEY P00051456 7043770239 2024-02-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAIN CENTER FOR THE ARTS PAUL NEWTON 21445 CATAWBA AVENUE CORNELIUS NC 28031 3081683 0 X WWW.CAINARTS.ORG X 2016 NC TO MAINTAIN AND OPERATE AN ARTS AND COMMUNITY CENTER IN THE TOWN OF CORNELIUS BY SERVING THE ENTIRE LAKE NORMAN REGION. 16 16 16 120 0 0 7317639 2266038 136907 727658 31429 49717 -12503 -9859 7473472 3033554 7000 8260 0 0 368026 646328 0 0 272927 404700 1503094 779726 2157682 6693746 875872 26645702 25160049 2515417 122471 24130285 25037578 TO MAINTAIN AND OPERATE AN ARTS AND COMMUNITY CENTER IN THE TOWN OF CORNELIUS BY SERVING THE ENTIRE LAKE NORMAN REGION. 0 0 1254512 8260 727658 CAIN CENTER FOR THE ARTS CONTINUES TO PROVIDE THE COMMUNITY WITH CLASSES, PROGRAMS, EXHIBITS, CONCERTS, AND OTHER FAMILY-FRIENDLY EVENTS AS WE OPERATE THE CORNELIUS ARTS CENTER FACILITY. WE HAVE ALSO PARTNERED WITH MANY COMMUNITY ORGANIZATIONS TO OFFER PRIVATE MUSIC LESSONS, FREE SHOWS IN LOCAL SCHOOLS, AND SCHOLARSHIP ASSISTANCE FOR THOSE IN NEED. 1254512 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 16 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X BETH ALLEN 7043770239 227 W TRADE ST SUITE 1100 CHARLOTTE NC 28202 GREG WESSLING PRESIDENT 4.00 X X 0 0 0 PAT BECHDOL VICE PRESIDENT 4.00 X X 0 0 0 TROY STAFFORD BOARD OF DIRECTORS 2.00 X 0 0 0 CYNTHIA BUSH SECRETARY 4.00 X X 0 0 0 KATE GAITHER BOARD OF DIRECTORS 2.00 X 0 0 0 BILL WARD TREASURER 4.00 X X 0 0 0 STEVE BRUMM BOARD OF DIRECTORS 2.00 X 0 0 0 CAROLINE MULLAN BOARD OF DIRECTORS 2.00 X 0 0 0 PAUL NEWTON BOARD OF DIRECTORS 2.00 X 0 0 0 GINGER GRIFFIN BOARD OF DIRECTORS 2.00 X 0 0 0 DONNA JOHNSON BOARD OF DIRECTORS 2.00 X 0 0 0 JOSHUA DOBI BOARD OF DIRECTORS 2.00 X 0 0 0 BILL MORGAN BOARD OF DIRECTORS 2.00 X 0 0 0 LAURA ENGEL BOARD OF DIRECTORS 2.00 X 0 0 0 SUSAN IRVIN BOARD OF DIRECTORS 2.00 X 0 0 0 DALE GILMORE BOARD OF DIRECTORS 2.00 X 0 0 0 ZACHARY TOOF BOARD OF DIRECTORS 2.00 X 0 0 0 TARA JAKETIC BOARD OF DIRECTORS 2.00 X 0 0 0 JEAN BOCK BOARD OF DIRECTORS 2.00 X 0 0 0 JUSTIN DIONNE EXECUTIVE DIRECTOR 40.00 X 119542 0 0 119542 0 0 1 0 0 0 0 43496 426000 1796542 2266038 TICKET REVENUE 713990 368174 368174 ART CLASS REVENUE 713990 208979 208979 FOOD & BEVERAGE 713990 56160 56160 FACILITY RENTAL 713990 53708 53708 BOX OFFICE FEES 713990 27036 27036 13601 13601 727658 85144 85144 35427 -35427 -35427 -35427 0 43496 12702 -12702 -12702 OTHER INCOME 713990 2843 2843 2843 3033554 730501 0 37015 X 8260 8260 189774 75910 56932 56932 368949 117619 216807 34523 49637 17626 23803 8208 37968 15348 16589 6031 14593 4524 7588 2481 82828 82828 347383 347314 69 115803 108303 7500 26163 5055 16113 4995 19010 19010 145098 95618 49480 9686 4506 5058 122 360714 306607 36071 18036 45803 45803 EVENTS EXPENSE 166955 39371 127584 SUPPLIES 77062 77062 DUES AND SUBSCRIPTIONS 30838 2978 16771 11089 TELEPHONE AND COMMUNICA 27234 340 26894 33924 28071 2927 2926 2157682 1254512 630243 272927 534994 568213 6654707 2044900 4262031 473171 1114 96917 12783 12046 21826330 363083 14303401 21463247 722742 499850 153930 1705 26645702 25160049 2456585 23843 58832 90745 0 7883 2515417 122471 X 339611 23423693 23790674 1613885 24130285 25037578 26645702 25160049 875872 31421 0 X 0 1 X 1 0 X 2007687 3084791 8167400 7317639 2266038 22843555 2007687 3084791 8167400 7317639 2266038 22843555 3067809 19775746 53048 112389 69150 31429 85144 351160 23194715 864565 0.85260 0.88250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 476344 30888 507232 497000 -20656 476344 1.00000 1 0 630000 630000 19878737 340513 19538224 1290553 22107 1268446 27040 463 26577 21463247 CUSTOMER DEPOSITS 7883 7883 3064975 31421 31421 3033554 0 3033554 2157682 0 2157682 0 2157682 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE FOR OPERATING SUPPORT OF THE BUSINESS. IRVIN ART AUCTION 43496 43496 12702 43496 43496 12702 12702 -12702 1 MUSIC LESSONS AND SUMMER CAMP SCHOLARSHIPS 81 8260 PART I, LINE 2: THE SCHOLARSHIPS COME OUT THE THE CORNELIUS ARTS EDUCATION FUND WHICH IS A RESTRICTED LINE ON OUR BALANCE SHEET. AS SCHOLARSHIPS ARE ASSIGNED, THE SCHOLARSHIP AMOUNT IS TRANSFERRED FROM THE EDUCATION FUND TO THE RECIPIENT. FOR GRANTS, CORNELIUS ARTS FOLLOWS ALL PROCEDURES REQUIRED BY THE GRANTING AGENCY AND SUBMIT GRANT REPORTS AS REQUESTED TO THE GRANTING AGENCIES THAT ADDRESSES THE FUNDS AND HOW THEY ARE SPENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FULL BOARD DISCUSSES ALL MAJOR CONTRACTS INCLUDING THOSE THAT MAY INVOLVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS REVIEWED BY THE ENTIRE BOARD IN SPRING OF 2022. LOCAL AND REGIONAL COMPARABLE PACKAGES FOR SIMILAR SIZE ORGANIZATIONS IN THE CHARLOTTE AREA AS WELL AS THE STATE OF NORTH CAROLINA WERE REVIEWED WITH THE ASSISTANCE OF AN OUTSIDE TALENT RECRUITER TO DETERMINE REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 347,314. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 347,314. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 69. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69.