Nonprofit · EIN 20-1121059
FRANKLIN STREET ARTS COLLECTIVE
Also known as FRANK GALLERY, Franklin Street Arts Collective
Tax-exempt · CARRBORO, NC 27510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $405,336 | $339,059 | $66,277 | $172,207 | $24,826 | $147,381 |
| December 31, 2023 | 990 | $267,419 | $309,768 | -$42,349 | $102,801 | $21,697 | $81,104 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $86,563
- of which government grants
- $6,750
- Membership dues
- $14,328
- Program service revenue
- $291,249
- Investment income
- $0
- Net income from fundraising events
- $27,524
- Other revenue
- $27,524
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $51,000
- Salaries, compensation and benefits (total)
- $54,902
- Professional fundraising fees
- $0
- Occupancy
- $87,015
- Depreciation
- $4,618
- Program services (functional)
- $310,875
- Management and general (functional)
- $18,694
- Fundraising (functional)
- $9,490
Balance sheet and other
- Total assets, start of year
- $102,801
- Total assets, end of year
- $172,207
- Total liabilities, end of year
- $24,826
- Net assets, end of year
- $147,381
- Land, buildings and equipment
- $14,622
- Net assets without donor restrictions
- $147,381
- Gross receipts
- $409,103
- Employees
- 1
- Volunteers
- 40
- Year formed
- 2010
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEIL BLUMENKOPF | BOARD MEMBER Trustee or director | 3 | $0 |
| RY SOUTHARD | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE KEYES | VICE CHAIR Trustee or director, Officer | 3 | $0 |
| DANNY BELL | BOARD MEMBER Trustee or director | 3 | $0 |
| SCOTT HORNER | BOARD MEMBER Trustee or director | 3 | $0 |
| GORDON JAMESON | SECRETARY Trustee or director, Officer | 3 | $0 |
| DONNA STUBBS | MEMBERSHIP CHAIR Trustee or director, Officer | 3 | $0 |
| CARROLL LASSITER | BOARD MEMBER Trustee or director | 3 | $0 |
| SCOTT MCCONNELL | TREASURER 2025 Trustee or director, Officer | 3 | $0 |
| LUNA LEE RAY | BOARD MEMBER Trustee or director | 3 | $0 |
| JEREMY HOWELL | BOARD MEMBER Trustee or director | 3 | $0 |
| GABRIELLE ROUSSO | BOARD CHAIR Trustee or director, Officer | 3 | $0 |
| CAROL RETSCH-BOGART | BOARD MEMBER Trustee or director | 3 | $0 |
| DIANE AMATO | TREASURER 2024 Trustee or director, Officer | 3 | $0 |
| MEGAN GARDNER | BOARD MEMBER Trustee or director | 3 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAND FORTNER | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEIL BLUMENKOPF | BOARD MEMBER Trustee or director | 3 | $0 |
| TOVA HAIRSTON | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE KEYES | VICE CHAIR Trustee or director, Officer | 3 | $0 |
| DANNY BELL | BOARD MEMBER Trustee or director | 3 | $0 |
| SCOTT HORNER | BOARD MEMBER Trustee or director | 3 | $0 |
| GORDON JAMESON | BOARD MEMBER Trustee or director | 3 | $0 |
| DONNA STUBBS | MEMBERSHIP CHAIR Trustee or director, Officer | 3 | $0 |
| CARROLL LASSITER | BOARD MEMBER Trustee or director | 3 | $0 |
| SCOTT MCCONNELL | TREASURER Trustee or director, Officer | 3 | $0 |
| LUNA LEE RAY | BOARD MEMBER Trustee or director | 3 | $0 |
| JEREMY HOWELL | SECRETARY Trustee or director, Officer | 3 | $0 |
| GABRIELLE ROUSSO | BOARD CHAIR Trustee or director, Officer | 3 | $0 |
| CAROL RETSCH-BOGART | BOARD MEMBER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 370 E MAIN ST STE 130, CARRBORO, NC 27510-1860
- Mailing address (990-N for 2009)
- 109 East Franklin Street, Chapel Hill NC 27510
- Principal officer (990 for 2024)
- SCOTT MCCONNELL, 370 E MAIN STREET SUITE 130, CARRBORO, NC 27510
- Principal officer (990-N for 2009)
- Gordon Jameson, 2608 Dairyland Rd, Hillsborough NC 27278
- Signed the 990
- SCOTT MCCONNELL, TREASURER
- Phone
- (919) 636-4135
- Website
- WWW.FRANKISART.COM
- Return prepared by
- HOLT & SIGMON CPAS PLLC
Mission
FRANK GALLERY IS A CONTEMPORARY FINE ARTS GALLERY, FEATURING WORK BY TRIANGLE AREA ARTISTS AND ENRICHING OUR COMMUNITY THROUGH EXHIBITIONS, EVENTS, AND ARTS EDUCATION.
Program accomplishments
- DISPLAYING, SELLING AND PROMOTING THE WORK OF GALLERY ARTISTS.Expenses $310,875 · revenue $291,249
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1121059
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $172,207
- Income (IRS master file)
- $409,103
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $405,336 | $339,059 | $172,207 | XML |
| 990 | December 2023 | $267,419 | $309,768 | $102,801 | XML |
| 990 | December 2022 | $245,522 | $240,369 | $154,545 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2009 Officer: Gordon Jameson | January 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1121059).
Questions about FRANKLIN STREET ARTS COLLECTIVE
- What is the EIN of FRANKLIN STREET ARTS COLLECTIVE?
- The employer identification number (EIN) of FRANKLIN STREET ARTS COLLECTIVE is 20-1121059.
- Is FRANKLIN STREET ARTS COLLECTIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to FRANKLIN STREET ARTS COLLECTIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN STREET ARTS COLLECTIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN STREET ARTS COLLECTIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN STREET ARTS COLLECTIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRANKLIN STREET ARTS COLLECTIVE?
- The 990 for the year ended December 31, 2024 names SCOTT MCCONNELL.
- Who are the officers and directors of FRANKLIN STREET ARTS COLLECTIVE?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does FRANKLIN STREET ARTS COLLECTIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $405,336, expenses of $339,059 and total assets of $172,207 at year end.
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