2025-10-28T07:21:38-05:00 2024-12-31 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2024-01-01 263447555 INSTITUTE OF ART THERAPY INC INST 3363785205 230 N ELM STREET 1200 GREENSBORO NC 27401 BRIAN R ANDERSON BANKRUPTCY TRUSTEE 3363785205 2025-10-26 1 1 EDWARD A GOLDEN CPA P00538206 9197823444 2025-10-26 X 2024 2025-03-06 01:10:19Z X X ART THERAPY INSTITUTE BRIAN R ANDERSON 230 N ELM ST 1200 GREENSBORO NC 27401 85467 0 X NCATI.ORG X 2005 NC TO ADVANCE THE WELL-BEING AND MENTAL HEALTH OF DIVERSE COMMUNITIES THROUGH ACCESSIBLE, STRENGTH-BASED, CULTURALLY-RESPONSIVE ART THERAPY, EDUCATION, AND RESEARCH. X 1 1 0 0 0 0 8566 0 15197 0 24 0 0 85467 23787 85467 0 0 0 0 25066 0 0 0 0 28074 29484 53140 29484 -29353 55983 93277 0 149260 0 -55983 0 X TO ADVANCE THE WELL-BEING AND MENTAL HEALTH OF DIVERSE COMMUNITIES THROUGH ACCESSIBLE, STRENGTH-BASED, CULTURALLY-RESPONSIVE ART THERAPY, EDUCATION, AND RESEARCH. 0 1 0 0 0 THROUGH THE NEWCOMER ART THERAPY PROJECT, ATI CONTRIBUTES TO THE HEALTH AND WELL-BEING OF THE GROWING POPULATION OF REFUGEES, IMMIGRANTS AND ASYLUM SEEKERS (COLLECTIVELY "NEWCOMERS") RELOCATING TO THE TRIANGLE AND TRIAD AREAS. THE NEWCOMER ART THERAPY PROJECT (NATP) PROVIDES ARTS-BASED COUNSELING GROUP THERAPY SERVICES TO NEWCOMER CHILDREN AND ADOLESCENTS IN LOCAL SCHOOLS AND ADULTS AT LOCAL HEALTH CLINICS, RESETTLEMENT AGENCIES AND COMMUNITY-BASED SUPPORT GROUPS. THESE GROUP ART THERAPY SERVICES HELP NEWCOMERS ADDRESS ISSUES FROM THEIR PAST, SUCCEED IN THEIR NEW SCHOOLS AND WORK SETTINGS, ACCULTURATE TO NORTH CAROLINA, AND BUILD HOPES FOR THE FUTURE. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X BRIAN R ANDERSON 3363785205 230 N ELM STREET STE 1200 GREENSBORO NC 27401 X BRIAN ANDERSON BANKRUPTCY TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 0 CANCELLATION OF DEBT R 900099 85467 85467 85467 85467 0 0 85467 16000 16000 5900 5900 1855 1855 MISCELLANEOUS 5704 5704 BOND PAYMENTS 25 25 29484 0 29484 0 93277 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 93277 0 -656 0 149916 0 149260 0 X -55983 0 -55983 0 93277 0 55983 0 X 0 0 0 X 175237 180413 96925 8566 0 461141 175237 180413 96925 8566 461141 461141 57 26 0 0 83 425 0 0 0 425 85467 85467 547116 0.84290 0.99860 X 0 0 0 0 1 0 0 0 0 PART I, LINE 3: THE ORGANIZATION FILED FOR RELIEF UNDER TITLE 11, CHAPTER 7 OF THE U.S. BANKRUPTCY CODE IN THE MIDDLE DISTRICT OF NORTH CAROLINA ON APRIL 29, 2024. THE BANKRUPTCY CASE NUMBER IS 24-80102. AT THE TIME OF THE BANKRUPTCY FILING, OPERATIONS CEASED AND THE TRUSTEE BEGAN TO WIND UP THE ESTATE'S AFFAIRS. FORM 990 AND ALL RELATED SCHEDULES HAVE BEEN FILED USING ALL AVAILABLE INFORMATION, PRIMARILY THE PRIOR YEAR TAX RETURNS, FINANCIAL INFORMATION MAINTAINED BY THE DEBTOR PRIOR TO FILING, THE DEBTORS' REPRESENTATIONS, AND THE TRUSTEE'S REPORTS. THE ESTATE IS FILING A FINAL RETURN. AS A RESULT OF CLOSING OUT THE BALANCE SHEET, CERTAIN LIABILITY ACCOUNTS WERE WRITTEN OFF WHICH RESULTED IN CANCELLATION OF DEBT INCOME TOTALING $85,467. THE COD INCOME HAS BEEN REPORTED AS OTHER INCOME.THE TRUSTEE IS IN THE PROCESS OF WINDING UP THE ESTATE'S AFFAIRS. ADMINISTRATIVE EXPENSES TOTALING $22,052 HAVE BEEN ACCRUED ON THE FINAL RETURN. THE CASH BALANCE WILL BE USED TO PAY THESE EXPENSES AND THE REMAINING LIABILITIES. FORM 990, PART III, LINE 3 THE ORGANIZATION FILED FOR RELIEF UNDER TITLE 11, CHAPTER 7 OF THE U.S. BANKRUPTCY CODE IN THE MIDDLE DISTRICT OF NORTH CAROLINA ON APRIL 29, 2024. THE BANKRUPTCY CASE NUMBER IS 24-80102. AT THE TIME OF THE BANKRUPTCY FILING, OPERATIONS CEASED AND THE TRUSTEE BEGAN TO WIND UP THE ESTATE'S AFFAIRS. FORM 990 AND ALL RELATED SCHEDULES HAVE BEEN FILED USING ALL AVAILABLE INFORMATION, PRIMARILY THE PRIOR YEAR TAX RETURNS, FINANCIAL INFORMATION MAINTAINED BY THE DEBTOR PRIOR TO FILING, THE DEBTORS' REPRESENTATIONS, AND THE TRUSTEE'S REPORTS. FORM 990, PART VI, SECTION B, LINE 11B THE BANKRUPTCY TRUSTEE REVIEWS THE 990 BEFORE FILING. IT IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C DUE TO THE CHAPTER 7 BANKRUPTCY FILING, THE TRUSTEE REVIEWS THE CONFLICT OF INTEREST POLICY AND DETERMINES IF THERE ARE ANY CHANGES DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A SALARIES ARE REVIEWED AND APPROVED DURING THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC.