Nonprofit · EIN 46-3987880
NORTH CAROLINA ARTS FOUNDATION
Tax-exempt · RALEIGH, NC 27611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $1,774,499 | $1,878,632 | -$104,133 | $992,573 | $188 | $992,385 |
| June 30, 2024 | 990 (amended) | $1,004,596 | $615,048 | $389,548 | $1,100,833 | $4,315 | $1,096,518 |
| June 30, 2023 | 990 | $262,471 | $698,168 | -$435,697 | $718,228 | $11,258 | $706,970 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,715,110
- Program service revenue
- $5,000
- Investment income
- $53,511
- Other revenue
- $878
Expenses
- Grants and similar amounts paid
- $1,402,500
- Compensation of officers, directors and key employees
- $120,000
- Salaries, compensation and benefits (total)
- $120,000
- Professional fundraising fees
- $0
- Accounting fees
- $20,207
- Program services (functional)
- $1,695,682
- Management and general (functional)
- $182,950
Balance sheet and other
- Total assets, start of year
- $1,100,833
- Total assets, end of year
- $992,573
- Total liabilities, end of year
- $188
- Net assets, end of year
- $992,385
- Net assets without donor restrictions
- $155,186
- Net assets with donor restrictions
- $837,199
- Gross receipts
- $1,774,499
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wayne Martin | Executive Director Officer | 40 | $120,000 |
| John Willingham | President Trustee or director, Officer | 1 | $0 |
| Marla Adams | Director Trustee or director, Officer | 0.5 | $0 |
| Chad Cheek | Director Trustee or director | 1 | $0 |
| Joe Logan | Director Trustee or director | 0.25 | $0 |
| Henry Walston | Director Trustee or director | 0.25 | $0 |
| Stephen Hill | Ex Officio Trustee or director | 0.25 | $0 |
| Beverly Nipper Bowles | Director Trustee or director, Officer | 0.5 | $0 |
| Davy Arch | Director Trustee or director | 0.25 | $0 |
| Suzanne Fetscher | Director Trustee or director | 1 | $0 |
| Michael Lowder | Director Trustee or director | 1 | $0 |
| John Mitchell | Director Trustee or director | 0.25 | $0 |
| Patrick Sims | Director Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wayne Martin | Executive Director Officer | 40 | $94,800 |
| John Willingham | President Trustee or director, Officer | 1 | $0 |
| Marla Adams | Director Trustee or director, Officer | 0.5 | $0 |
| Chad Cheek | Director Trustee or director | 1 | $0 |
| Joe Logan | Director Trustee or director | 0.25 | $0 |
| Henry Walston | Director Trustee or director | 0.25 | $0 |
| Stephen Hill | Ex Officio Trustee or director | 0.25 | $0 |
| Beverly Nipper Bowles | Director Trustee or director, Officer | 0.5 | $0 |
| Davy Arch | Director Trustee or director | 0.25 | $0 |
| Suzanne Fetscher | Director Trustee or director | 1 | $0 |
| Michael Lowder | Director Trustee or director | 1 | $0 |
| John Mitchell | Director Trustee or director | 0.25 | $0 |
| Patrick Sims | Director Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wayne Martin | Executive Director Officer | 20 | $70,400 |
| John Willingham | President Trustee or director, Officer | 1 | $0 |
| Marla Adams | President Elect Trustee or director, Officer | 0.5 | $0 |
| Chad Cheek | Director Trustee or director | 0.25 | $0 |
| Joe Logan | Director Trustee or director | 0.25 | $0 |
| Henry Walston | Director Trustee or director | 0.25 | $0 |
| Stephen Hill | Ex Officio Trustee or director | 1 | $0 |
| Beverly Nipper Bowles | Secretary Trustee or director, Officer | 0.5 | $0 |
| Davy Arch | Director Trustee or director | 0.25 | $0 |
| Suzanne Fetscher | Director Trustee or director | 0.25 | $0 |
| Michael Lowder | Director Trustee or director | 0.25 | $0 |
| John Mitchell | Director Trustee or director | 0.25 | $0 |
| Patrick Sims | Director Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 26263, RALEIGH, NC 27611-6263
- Principal officer (990 for 2024)
- Michael Lowder, PO Box 26263, Raleigh, NC 27611
- Signed the 990
- Michael Lowder, Interim Executive Director
- Phone
- (919) 412-0751
- Website
- www.ncartsfoundation.org
- Return prepared by
- Crouch Joslyn Group PLLC
Mission
The Foundation's mission is to bring private and public sector partners into collaborations that extend the benefits of the arts to residents across the state. As North Carolina emerges from the pandemic, a top priority is to find resources for arts initiatives that benefit youth.
Program accomplishments
- Assistance to Western North Carolina: Relief related to the devastation that occurred in Western North Carolina from Hurricane Helene in the fall of 2024. The Foundation received and distributed funding to affected artists and non-profit arts organizations in twenty-six western counties through the NC Arts Disaster Relief FundExpenses $915,249 · grants $902,500
- A+ Schools of North Carolina- Received grants for A+ Schools of North Carolina, a program of the North Carolina Arts Council, and administered contracted services to support teacher training, recruitment of teaching artists, and customized professional development for participating schools in the A+ network.Expenses $628,237 · grants $500,000
- Keys for Kids funds a statewide network of arts partners that assist young people in North Carolina who want to learn to play piano by providing music instruction and instruments at little or no cost to the student.Expenses $116,683
- Expenses $35,513
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3987880
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $992,573
- Income (IRS master file)
- $1,774,499
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,774,499 | $1,878,632 | $992,573 | XML |
| 990 | June 2024 | $1,004,596 | $615,048 | $1,100,833 | XML |
| 990 | June 2023 | $262,471 | $698,168 | $718,228 | XML |
| 990 | June 2022 | $757,398 | $557,144 | $1,142,667 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
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 46-3987880).
Questions about NORTH CAROLINA ARTS FOUNDATION
- What is the EIN of NORTH CAROLINA ARTS FOUNDATION?
- The employer identification number (EIN) of NORTH CAROLINA ARTS FOUNDATION is 46-3987880.
- Is NORTH CAROLINA ARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to NORTH CAROLINA ARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA ARTS FOUNDATION 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 NORTH CAROLINA ARTS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA ARTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORTH CAROLINA ARTS FOUNDATION?
- The 990 for the year ended June 30, 2025 names Michael Lowder.
- Who are the officers and directors of NORTH CAROLINA ARTS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $120,000 (Wayne Martin, Executive Director).
- How much revenue does NORTH CAROLINA ARTS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,774,499, expenses of $1,878,632 and total assets of $992,573 at year end.
Other nonprofits in RALEIGH
- MHA HOUSING OF THE PIEDMONT INC EIN 58-1705632 · last filed 990 for 2025
- NORTH CAROLINA FREEENTERPRISE FOUNDATION EIN 56-1782403 · last filed 990 for 2025
- GEORGE & FRANCES LONDON EDUCATIONAL FOUNDATION EIN 58-2233144 · last filed 990-PF for 2024
- TRIANGLE RABBITS INC EIN 46-5317844 · last filed 990-EZ for 2025
- INTER DEVELOPMENT FUTBOL INC EIN 45-3706607 · last filed 990-EZ for 2024
- TRIANGLE MARTIN LUTHER KING COMMITTEE EIN 46-2290293 · last filed 990-EZ for 2024
- RDC HOME SERVICES TRAINING EIN 27-3628383 · last filed 990-N for 2025
- PROUD FATHERS INC EIN 46-3271450 · last filed 990-N for 2025