2018-05-11T13:14:02-05:00 2017-06-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2016-07-01 560693436 Arts & Science Council Charlotte/Mecklenburg Inc ARTS 7043332272 227 West Trade Street Suite 250 Charlotte NC 28202 SUSAN GARY svp/cfo 7043332272 2018-04-30 1 Amanda Adams P00748038 7043771678 2016 2022-09-23 18:48:47Z ROBERT E BUSH JR 227 West Trade Street Suite 250 Charlotte NC 28202 11544609 0 X WWW.ARTSANDSCIENCE.ORG X 1958 NC SEE SCHEDULE O. The Arts & Science Council is a proactive, non-profit organization that provides the planning, oversight and funding required to ensure and support a vibrant and culturally diverse arts, science, and history community in Charlotte-Mecklenburg for the education of our children and the enjoyment of all residents. 29 29 42 400 0 0 10322996 11537392 0 0 -1159 7217 0 0 10321837 11544609 9450870 8788886 0 0 2703230 2924505 0 0 1416906 1785524 2541680 13939624 14255071 -3617787 -2710462 44063897 47664532 9034185 12259660 35029712 35404872 X SEE SCHEDULE O.The Arts & Science Council (ASC) is: The community's chief advocate for arts, science, history and heritage, A gatherer and steward of public and private community resources, An investor of those resources in the cultural sector and community, The strategic planner for the community's cultural sector, and The public art agent for the City of Charlotte and Mecklenburg County. the mission of the organization is Building appreciation, participation and support for arts, science, history and heritage in Charlotte-Mecklenburg. the Vision is to shape a vibrant cultural life for all. 0 0 6344328 6344328 The Arts & Science Council granted operating support funding to 31 regional cultural partners. Grants are awarded by a deliberate system of peer and expert review conducted by panels of citizen volunteers and professional staff. Awards are made based on a pre-established ranking system that takes into consideration program excellence, relevance and financial stewardship. Grant award recommendations from the review program excellence, relevance and financial stewardship. Grant award recommendations from the review panels are approved by ASC's board of directors. 3965581 2444558 The Arts & Science Council makes a variety of project support grants and funds an array of services that contribute to the vitality and sustainablity of the regional cultural sector. These grants and services directly align with ASC's mission of sustaining access to an excellent and relevant cultural sector - advancing arts, science, history, and heritage endeavors in the Charlotte-Mecklenburg region. In concert with ASC's operating support program, project and other service funding build community, increase cultural program relevance and innovation, and advance the arts, science, history, and heritage in Pre K-12 education. 1447930 The Arts & Science Council provides management services for the City of Charlotte, Mecklenburg County, and other private partners to ensure excellence and relevance of public art programming and installation. 11757839 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 214 0 1 42 1 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X X X Susan Gary 7043332272 227 W TRADE ST SUITE 250 CHARLOTTE NC 28202 Susan R Faulkner Chair 3.50 X X 0 0 0 Jeanne E Johnson Treasurer 3.50 X X 0 0 0 Paula R Vincent Secretary 3.50 X X 0 0 0 Robert E Harrington Chair-Elect 3.50 X X 0 0 0 Kevin L Patterson Immediate Past Chair 3.50 X X 0 0 0 Norma Abbene JD Director 3.50 X 0 0 0 Stacy M Anderson Director 3.50 X 0 0 0 Melissa A Banks Director 3.50 X 0 0 0 Kathryn W Black Director 3.50 X 0 0 0 Michael A Bryant Director 3.50 X 0 0 0 Julie Eiselt Director 3.50 X 0 0 0 William P Farthing Jr Director 3.50 X 0 0 0 Danielle Ferguson Director 3.50 X 0 0 0 Brian L Franklin Director 3.50 X 0 0 0 Trevor M Fuller Director 3.50 X 0 0 0 Durral Gilbert Director 3.50 X 0 0 0 Marc E Gustafson Director 3.50 X 0 0 0 Randy J Harrington Director 3.50 X 0 0 0 William L Hawkins Director 3.50 X 0 0 0 Russell Hughes Director 3.50 X 0 0 0 Matt Kosmicki Director 3.50 X 0 0 0 Valecia M McDowell Director 3.50 X 0 0 0 Susan L Patterson Director 3.50 X 0 0 0 Anthony C Perez Director 3.50 X 0 0 0 Katrina Pride Director 3.50 X 0 0 0 Katrina W Ross Director 3.50 X 0 0 0 Justin S Steinschriber Director 3.50 X 0 0 0 Mike Vasaune Director 3.50 X 0 0 0 Tiffany E Waddell Director 3.50 X 0 0 0 ROBERT E BUSH JR PRESIDENT 50.00 X 235549 0 15778 SUSAN GARY SVP/COO 50.00 X 143028 0 12812 Michael Andrews SVP/Community Engagement 50.00 X 142650 0 4911 Katherine Mooring SVP/Programs & Services 50.00 X 121887 0 12073 BARBARA ANN TEMPLE VP/EDUCATION 50.00 X 125281 0 11030 768395 0 56604 5 0 1 0 0 5969169 5568223 57836 11537392 112 112 7105 0 7105 7105 7105 11544609 0 0 7217 8653224 8653224 135662 135662 865499 376422 236273 252804 1553020 674488 426442 452090 73717 28776 22676 22265 271191 131134 56178 83879 161078 72798 39779 48501 29199 23824 3285 2090 1139856 1103911 21967 13978 136604 10462 3950 122192 308440 95978 71330 141132 95849 22172 9506 64171 252282 152986 49648 49648 79183 35992 15597 27594 PROCESSING FEES 54079 27422 10222 16435 Restoration Expnese 54043 54043 392145 158545 113473 120127 14255071 11757839 1080326 1416906 1117584 2235008 10424174 9142257 528988 3110355 66632 91294 1790437 1346015 482615 444422 11896 17407 31432008 32623789 44063897 47664532 531754 759376 1134443 5128513 7367988 6371771 9034185 12259660 X -937366 -1939392 8088713 9435899 27878365 27908365 35029712 35404872 44063897 47664532 X -2710462 367 320949 2764306 X 0 1 X 1 0 X 14177927 13258068 10937706 10322998 11537392 60234091 14177927 13258068 10937706 10322998 11537392 60234091 750500 59483591 2853 454 112 3419 60237510 0.98750 0.93090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3 0 0 1233238 1 1 31432008 30000 2734306 1572525 32623789 32095072 907804 1570868 31432008 33415834 7564 1328326 32095072 30680498 4227998 1492662 33415834 28873173 125000 2933582 1251257 30680498 0.00000 0.85550 0.14450 0 1 1 1790437 1346015 444422 444422 beneficial INTEREST IN GREATER CHARLOTTE CULTURAL TRUST 32623789 F 32623789 PAYABLE - DESIGNATED BENEFICIARIES 6371771 6371771 X 13700537 367 583036 1572525 2155928 11544609 0 11544609 14838107 583036 583036 14255071 0 14255071 Part V, Line 4: ASC's endowment consists of 19 individual funds established for a variety of purposes. Part X, Line 2: ASC is exempt from federal income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code ("IRC"). In accordance with IRC regulations, ASC is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of ASC. ASC accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when ASC believes that they have a greater than 50% likelihood of being sustained upon examination by taxing authorities. Part XI, Line 2d - Other Adjustments: ALLOCATION OF ALLOWABLE ENDOWMENT BALANCE FOR SPENDING 1,572,525. 1 A Sign Of The Times of the Carolinas 6228 Eagle Peak Drive Charlotte NC 28214 204766220 501 (c) (3) 16000 Operating Support, Other Grants Actor's Theatre of Charlotte 2219 Freedom Drive Charlotte NC 28208 581888236 501 (c) (3) 49220 Operating Support Bechtler Museum of Modern Art 420 S Tryon Street Charlotte NC 28202 562225722 501 (c) (3) 399666 Operating Support, THRIVE Fund, Other Grant Blumenthal Performing Arts 345 North College Street Charlotte NC 28202 134258900 501 (c) (3) 257160 Operating Support, Cultural Projects, Cultural Education in Schools Carolina Raptor Center 6000 Sample Road Huntersville NC 28078 561349170 501 (c) (3) 122382 Operating Support, Other Grants, Cultural Education in Schools Carolina Voices 1900 Queens Road Charlotte NC 28207 560810412 501 (c) (3) 32863 Operating Support, Other Grants Caroline Calouche & Co 9315 Monroe Rd Charlotte NC 28270 203607784 501 (c) (3) 24718 Other Grants, Cultural Projects, Cultural Education in Schools Charlotte Art League 1517 Camden Rd Charlotte NC 28203 237414250 501 (c) (3) 20000 Operating Support, Other Grants, Cultural Projects Charlotte Ballet 701 N Tryon Street Charlotte NC 28202 581314711 501 (c) (3) 801165 THRIVE Fund, Operating Support, Other Grants, Cultural Education in Schools Charlotte Dragon Boat Association 4700 Carsons Pond Road Charlotte NC 28225 270270077 501 (c) (3) 5000 Other Grants Charlotte Jewish Film Festival (CJFF) 227 West Trade Street Suite 250 Charlotte NC 28202 560693436 501 (c) (3) 5000 Cultural Projects Charlotte Museum Of History Inc 3500 Shamrock Drive Charlotte NC 28215 237125613 501 (c) (3) 15693 Other Grants, Cultural Projects, Cultural Education in Schools Charlotte Symphony 301 S Tryon Street Suite 1700 Charlotte NC 28282 566011568 501 (c) (3) 796770 Operating Support, Other Grants, Cultural Education in Schools Children's Theatre of Charlotte 300 East Seventh Street Charlotte NC 28202 561028031 501 (c) (3) 587286 Thrive Fund, Operating Support, Other Grants, Cultural Education in Schools Clayworks 4506 Monroe Road Charlotte NC 28205 900198258 501 (c) (3) 64815 Operating Support, Other Grants, Cultural Education in Schools Community School of the Arts 345 North College Street Charlotte NC 28202 561356847 501 (c) (3) 211081 Operating Support, Other Grants Davidson Community Players PO Box 76 Davidson NC 28036 581542159 501 (c) (3) 30000 Operating Support, Other Grants Digi-Bridge 216 Sylvania Ave Charlotte NC 28206 464859045 501 (c) (3) 5613 Other Grants, Cultural Projects Discovery Place Inc 301 N Tryon Street Charlotte NC 28202 560529944 501 (c) (3) 946867 THRIVE Fund, Operating Support, Other Grants, Cultural Education in Schools Festival in the Park 1409 East Blvd Charlotte NC 28273 566087310 501 (c) (3) 15000 Other Grants Gay Mens Chorus of Charlotte PO BOX 560661 Charlotte NC 28256 205361365 501 (c) (3) 11500 Operating Support, Other Grants Girls Rock Charlotte Po Box 39066 Charlotte NC 39066 473489351 501 (c) (3) 5000 Cultural Projects Grey Seal Puppets PO Box 11902 Charlotte NC 28220 561592406 501 (c) (3) 5550 Cultural Education In Schools Harvey B Gantt Center for African-American Arts Culture 551 S Tryon Street Charlotte NC 28202 561152286 501 (c) (3) 329880 THRIVE Fund, Operating Support Historic Rosedale Plantation 3427 N Tryon Street Charlotte NC 28206 561558489 501 (c) (3) 10386 Operating Support Hough High School Theatre Boosters 1420 Bailey Road Cornelius NC 28031 452919531 501 (c) (3) 9300 Other Grants India Association of Charlotte 3212 Devon Croft Lane Charlotte NC 28269 561907586 501 (c) (3) 7500 Other Grants Latin American Coalition PO Box 629 Plainfield NJ 07061 223590179 501 (c) (3) 7000 Other Grants Levine Museum of the New South 200 E 7th Street Charlotte NC 28202 561748648 501 (c) (3) 530888 THRIVE Fund, Operating Support, Other Grants, Cultural Education in Schools Matthews Playhouse of the Performing Arts 100 E McDowll St Matthews NC 28105 561937368 501 (c) (3) 25000 Operating Support McColl Center for Art Innovation 721 N Tryon Street Charlotte NC 28202 510195015 501 (c) (3) 405650 THRIVE Fund, Operating Support, Other Grants Mint Hill Arts 11205 Lawyers Road Suite A Mint Hill NC 28227 043846871 501 (c) (3) 10000 Operating Support MoRA (Monroe Road Advocates) c/o 6108 Post Rd Charlotte NC 28211 811221876 501 (c) (3) 10000 Cultural Projects Music at St Alban's PO Box 371 Davidson NC 28036 464695666 501 (c) (3) 10000 Cultural Projects North Mecklenburg Community Chorus Inc PO Box 1234 Cornelius NC 28031 271469178 501 (c) (3) 10000 Cultural Projects One Voice Inc PO Box 9241 Charlotte NC 28299 581979889 501 (c) (3) 35887 Operating Support, Other Grants Opera Carolina 1600 Elizabeth Avenue Charlotte NC 28204 566019660 501 (c) (3) 592740 THRIVE Fund, Other Grants, Operating Support, Cultural Education in Schools Puerto Rican Cultural Society Of Charlotte 10310 Dunberry Ct Charlotte NC 28214 261733961 501 (c) (3) 5000 Other Grants Queen City Forward 809 W Hill St Ste D Charlotte NC 28208 463105537 501 (c) (3) 7000 Cultural Projects The Carolinas Latin Dance Company PO Box 43770 Charlotte NC 28215 562276606 501 (c) (3) 12500 Operating Support, Other Grants The Charlotte Folk Society PO Box 36864 Charlotte NC 282366864 561328389 501 (c) (3) 10000 Operating Support The Cornelius Cultural Arts Group PO Box 2459 Cornelius NC 28031 462103890 501 (c) (3) 5000 Cultural Projects The Light Factory 1817 Central Ave Charlotte NC 28205 510185359 501 (c) (3) 24850 Operating Support, Other Grants, Cultural Education in Schools The Possibility Project - Charlotte 104 W 27th Street 12th Floor New York NY 10001 134134366 501 (c) (3) 5000 Cultural Projects Theatre Charlotte 501 Queens Road Charlotte NC 28207 560591306 501 (c) (3) 103801 Operating Support Grant University of North Carolina School of the Arts Foundation inc 1533 South Main Street WinstonSalem NC 27127 566064850 501 (c) (3) 15000 Other Grants Wing Haven 248 Ridgewood Avenue Charlotte NC 28209 561014180 501 (c) (3) 30528 Operating Support, Other Grants 47 0 Cultural Education in School 19 45170 Regional Arts Projects 32 49442 AACS Honors & Creative Fellowships 4 32000 Cultural Projects 1 6500 CATO Teachers Fund for PD 3 2550 Part I, Line 2: ASC Operating Support recipients: Operating Support Grant recipients are required to submit the following documentation to monitor the use of grant funds: Signed Grant Agreement - required before first payment; Metrics Grid (created by each organization listing their top 3 metrics of success for the fiscal year) is submitted in July, updated in January, final report is July; Quarterly Budget to Actual Financials; Audit or Compilation of previous year; Copies of brochures and mailings; Quarterly attendance figures AND Board of Directors List. ASC staff also monitors grant recipients by conducting site visits and conducting face-to-face meetings during the award year. ASC project grant recipients: Project grant recipients are required to submit the following documentation to monitor the use of grant funds: Initial Paperwork: Signed Grant Agreement; Revised Narrative & Budget (if the grantee received less than the amount requested). Final Paperwork: Final Report outlining assessment and evaluation; Final Budget AND Project Documentation. Additionally, project grant recipients who receive state sub-grants are required to submit additional paperwork including: Notarized Conflict of Interest Policy; Notarized No Overdue Tax Debt Form; State Grant Certification & Sworn Statement AND State Grant Compliance Report. ASC staff also periodically monitors grant recipients by conducting site visits to funded projects. X X X X 0 0 0 0 0 0 0 0 0 ROBERT E BUSH JR PRESIDENT 203549 0 32000 0 0 0 7483 0 8295 0 251327 0 0 0 SUSAN GARY SVP/COO 140028 0 3000 0 0 0 4518 0 8294 0 155840 0 0 0 X 16 57836 FMV 0 0 1 0 Form 990, Part VI, Section B, line 11b THE Administration and Operations Committee, ASC PRESIDENT AND COO EACH REVIEW A DRAFT OF THE 990 IN DETAIL. UPON THEIR ACCEPTANCE OF THE DOCUMENT, THE FORM 990 IS SHARED WITH THE FULL BOARD OF DIRECTORS FOR REVIEW AT LEAST ONE WEEK PRIOR TO FILING. Form 990, Part VI, Section B, line 12c THE BOARD MEMBERS AND STAFF ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY EACH JULY AND ASKED TO REVIEW AND SIGN THE FORM INDICATING THEY HAVE READ THE POLICY AND MADE ANY APPROPRIATE DISCLOSURES. SHOULD A CONFLICT EXIST ON a matter COMING TO A VOTE, THE MEMBER WITH THE CONFLICT WOULD EXCUSE himself/herself FROM THE VOTE. Form 990, Part VI, Section B, line 15 the PRESIDENT's COMPENSATION IS ESTABLISHED ANNUALLY BY THE OFFICERS OF THE BOARD OF DIRECTORS. COMPENSATION ADJUSTMENTS ARE MADE BASED ON INDIVIDUAL PERFORMANCE (AS DETERMINED THROUGH A 360 DEGREE REVIEW), MARKET CONDITIONS AND COMPARABLE NONPROFIT PEER COMPENSATION. discussions are documented in the meeting minutes. The officers of the board of directors also establish the President's annual performance bonus based on organizational and personal performance within the guidelines of the bonus program approved by the Board of Directors. THE PRESIDENT IS RESPONSIBLE FOR ESTABLISHING THE SALARIES OF HIS DIRECT REPORTS, INCLUDING KEY EMPLOYEES. COMPENSATION ADJUSTMENTS FOR KEY EMPLOYEES ARE SHARED WITH THE officers of the board of directors to ensure reasonableness. Form 990, Part VI, Section C, line 19 the organization's governing documents, conflict of interest policy and financial statements are available to the public upon request. Form 990, Part XI, line 9: CHANGE IN BENEFICIAL INTEREST 2,764,306. GREATER CHARLOTTE CULTURAL TRUST 217 S TRYON STREET CHARLOTTE NC 28202 820576292 ENDOWMENT INVESTMENT & ADMINISTRATION NC 501(C)(3) 12a N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1