Nonprofit · EIN 56-1376155
CONTEMPORARY ART FOUNDATION INC
Tax-exempt · RALEIGH, NC 27603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $567,415 | $766,682 | -$199,267 | $3,073,620 | $1,253,819 | $1,819,801 |
| June 30, 2024 | 990 | $602,722 | $927,436 | -$324,714 | $3,242,483 | $1,222,442 | $2,020,041 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $261,446
- of which government grants
- $88,927
- Membership dues
- $62,800
- Program service revenue
- $287,853
- Investment income
- $2,246
- Net gain from sales of assets
- $1,796
- Net income from fundraising events
- $15,870
- Other revenue
- $15,870
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $47,847
- Other salaries and wages
- $146,292
- Salaries, compensation and benefits (total)
- $251,949
- Professional fundraising fees
- $0
- Accounting fees
- $65,611
- Occupancy
- $42,761
- Depreciation
- $151,820
- Program services (functional)
- $615,490
- Management and general (functional)
- $151,192
Balance sheet and other
- Total assets, start of year
- $3,242,483
- Total assets, end of year
- $3,073,620
- Total liabilities, end of year
- $1,253,819
- Net assets, end of year
- $1,819,801
- Land, buildings and equipment
- $3,016,797
- Net assets without donor restrictions
- $1,819,801
- Gross receipts
- $615,186
- Employees
- 16
- Volunteers
- 21
- Year formed
- 1983
- 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 |
|---|---|---|---|
| PAUL BAKER | EXECUTIVE DIRECTOR Officer | 40 | $65,000 |
| KATE BOES | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| KRYSTIN KNOX | TREASURER Trustee or director, Officer | 1 | $0 |
| CHARMAN DRIVER | CHAIR Trustee or director, Officer | 1 | $0 |
| JANINE STEEL-ZANE | SECRETARY Trustee or director, Officer | 1 | $0 |
| KARL AMELCHENKO | DIRECTOR Trustee or director | 1 | $0 |
| SHERI ERHART | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL ENGLISH | DIRECTOR Trustee or director | 1 | $0 |
| ADAM DERBYSHIRE | DIRECTOR Trustee or director | 1 | $0 |
| PAUL COGGINS | DIRECTOR Trustee or director | 1 | $0 |
| TYLER NACE | DIRECTOR Trustee or director | 1 | $0 |
| PERRI ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| SUZIE KOONCE | DIRECTOR Trustee or director | 1 | $0 |
| JOY SLOAN | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH PURRINGTON | DIRECTOR Trustee or director | 1 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABBY ROSS | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE SUGG | DIRECTOR Trustee or director | 1 | $0 |
| TAYLOR WHITE | DIRECTOR Trustee or director | 1 | $0 |
| LISA MCGOWAN | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 |
| BETH ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| MELANIE REGNER | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA CAPPS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 28 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BAKER | EXECUTIVE DIRECTOR Officer | 40 | $65,000 |
| MEREDITH NELSON | CHAIR Trustee or director, Officer | 1 | $0 |
| MATT LEE | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| DEBBIE HAMMERSLA | TREASURER Trustee or director, Officer | 1 | $0 |
| JANINE STEEL ZANE | SECRETARY Trustee or director, Officer | 1 | $0 |
| LISA MCGOWAN | PAST CHAIR Trustee or director | 1 | $0 |
| BETH ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE HOOPER | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES O JOHNSON II | DIRECTOR Trustee or director | 1 | $0 |
| JOY SLOAN | DIRECTOR Trustee or director | 1 | $0 |
| ADAM DERBYSHIRE | DIRECTOR Trustee or director | 1 | $0 |
| CASSELLE AE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH PURRINGTON | DIRECTOR Trustee or director | 1 | $0 |
| COLONY LITTLE | DIRECTOR Trustee or director | 1 | $0 |
| JESMA REYNOLDS | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA CAPPS | DIRECTOR Trustee or director | 1 | $0 |
| LUCY INMAN | DIRECTOR Trustee or director | 1 | $0 |
| MELANIE REGNER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL ENGLISH | DIRECTOR Trustee or director | 1 | $0 |
| PAUL COGGINS | DIRECTOR Trustee or director | 1 | $0 |
| PERRI ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| SUZIE KOONCE | DIRECTOR Trustee or director | 1 | $0 |
| TAHLIA CUMMINGS | DIRECTOR Trustee or director | 1 | $0 |
| KATE BOES | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA C A SASSER | DIRECTOR Trustee or director | 1 | $0 |
| KARL AMELCHENKO | DIRECTOR Trustee or director | 1 | $0 |
| GEORGIA TARDY | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE SUGG | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 409 W MARTIN ST, RALEIGH, NC 27603-1819
- In care of
- % LINWOOD JOHNSON
- Principal officer (990 for 2024)
- CHARMAN DRIVER, 409 W MARTIN STREET, RALEIGH, NC 27603
- Signed the 990
- KRYSTIN KNOX, TREASURER
- Phone
- (919) 261-5920
- Website
- CAMRALEIGH.ORG
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO SOLICIT MONEY & PROPERTY TO BE USED TO PROMOTE THE EDUCATION, CULTURAL, AND ECONOMIC DEVELOPMENT OF RALEIGH'S ART COMMUNITY.
Program accomplishments
- CAM RALEIGH IS A NON-COLLECTING CONTEMPORARY ART MUSEUM THAT PROVIDES AN ENVIRONMENT FOR TRANSFORMATION THROUGH EDUCATIONAL PROGRAMS, CULTURAL EXPERIENCES, AND BOLD, NON-TRADITIONAL EXHIBITIONS BY LIVING ARTISTS.Expenses $615,490 · revenue $245,787
- THE BETTY EICHENBERGER ADAMS SOCIETY (BEAS) IS CAM'S WOMEN ONLY MEMBERSHIP GROUP WITH THE MISSION TO GENERATE, EDUCATE, AND PROMOTE INTEREST IN CONTEMPORARY ART IN RALEIGH AND BEYOND. THE BEAS SEEK TO ESTABLISH AND MAINTAIN A BASE OF SUPPORT FOR CAM, BECOMING PILLARS OF STRENGTH FOR CAM NOW, AND FOR FUTURE GENERATIONS.revenue $42,066
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
- 56-1376155
- 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
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A510)
- Assets (IRS master file)
- $3,073,620
- Income (IRS master file)
- $615,186
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $567,415 | $766,682 | $3,073,620 | IRS |
| 990 | June 2024 | $602,722 | $927,436 | $3,242,483 | XML |
| 990 | June 2022 | $552,436 | $700,163 | $3,876,404 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 56-1376155).
Questions about CONTEMPORARY ART FOUNDATION INC
- What is the EIN of CONTEMPORARY ART FOUNDATION INC?
- The employer identification number (EIN) of CONTEMPORARY ART FOUNDATION INC is 56-1376155.
- Is CONTEMPORARY ART FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to CONTEMPORARY ART FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CONTEMPORARY ART FOUNDATION INC 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 CONTEMPORARY ART FOUNDATION INC 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 CONTEMPORARY ART FOUNDATION INC 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 CONTEMPORARY ART FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names CHARMAN DRIVER.
- Who are the officers and directors of CONTEMPORARY ART FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 1 received compensation from the organization, the highest $65,000 (PAUL BAKER, EXECUTIVE DIRECTOR).
- How much revenue does CONTEMPORARY ART FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $567,415, expenses of $766,682 and total assets of $3,073,620 at year end.
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