2011-11-15T14:02:51-06:00 2011-06-30 CHERRY BEKAERT & HOLLAND LLP 1111 METROPOLITAN AVENUE SUITE 1000 CHARLOTTE NC 28204 990 2010-07-01 510195015 MCCOLL CENTER FOR VISUAL ART MCCO 7043325535 721 NORTH TRYON STREET CHARLOTTE NC 28202 SANDY PATRICK 7043325535 2011-11-15 1 JANICE A RATICA 7043771678 2010 2016-03-07 17:11:31Z SUZANNE FETSCHER 721 NORTH TRYON STREET CHARLOTTE NC 28202 2032192 0 X WWW.MCCOLLCENTER.ORG X 1976 NC MCCOLL CENTER DEDICATES ITSELF TO CATAPULTING ARTISTS TO THE LEADING EDGE OF CONTEMPORARY ART BY PROVIDING A STATE-OF-THE-ART FACILITY, A CHALLENGING, DYNAMIC ENVIRONMENT, COLLABORATION AMONG ARTISTS AND THE COMMUNITY, BOLD EXHIBITIONS, AND A STRONG AFFILIATION WITH WORLDWIDE ARTS ORGANIZATIONS. 25 25 20 75 0 0 1482428 1570791 185874 399229 2992 1103 -133625 -81016 1537669 1890107 0 0 0 0 919883 1141883 0 0 289082 992562 1079077 1912445 2220960 -374776 -330853 14004306 14878003 365353 378045 13638953 14499958 X THE VISION OF MCCOLL CENTER FOR VISUAL ART IS TO BE THE LEADING CENTER FOR THE ADVANCEMENT OF CREATIVE CAPACITY FOR ARTISTS AND THE PUBLIC. THE MISSION IS TO ADVANCE ARTISTS, COMMUNITY AND TO CREATE CONTEMPORARY ART THROUGH RESIDENCIES, EXHIBITIONS, OUTREACH AND EDUCATION. MCCOLL CENTER FOR VISUAL ART BELIEVES THAT ART AND ARTISTS ARE CATALYSTS FOR CULTURAL ADVANCEMENT. 0 0 1380701 9064 MCCOLL CENTER FOR VISUAL ART PROVIDES AN AVENUE FOR THE PUBLIC TO EXPAND THEIR UNDERSTANDING OF CONTEMPORARY ART THROUGH ITS EXHIBITION PROGRAM BY SHOWCASING CURATED OR NATIONALLY ACCLAIMED TRAVELING SHOWS AS WELL AS THE WORK OF THE ARTISTS-IN-RESIDENCE AND AFFILIATE ARTISTS. DURING EACH RESIDENCY, THE COMMUNITY CAN SEE NEW CONTEMPORARY WORK AND MEET THE ARTISTS THROUGH OPEN HOUSES OR OPEN STUDIO SATURDAYS. IN ADDITION, EDUCATIONAL OPPORTUNITIES ARE OFFERED THROUGH WORKSHOPS AND LECTURES, WHICH ARE HELD IN CONJUNCTION WITH CURATED OR TRAVELING EXHIBITIONS. 242358 399229 EDUCATION & OUTREACH: EPIC ART IS THE CORNERSTONE OF THE CENTER'S EDUCATIONAL PROGRAMMING FOR COMMUNITY, ENCOMPASSING ADULT AND SCHOOL AGE CHILDREN'S EDUCATION. THE FIVE TENETS OF EPIC ART ARE: CURRICULUM TOURS, ARTS IN COMMUNITIES, ARTS IN SCHOOLS, OUTREACHES AND SUMMER ART INSTITUTE. 1623059 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 62 0 20 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC SC X X SANDRA L PATRICK 7043325535 721 N TRYON STREET CHARLOTTE NC 28202 BOB BERTGES 2.00 X X 0 0 0 SHAUN CASSIDY 1.00 X 0 0 0 PAIGE JOHNSTON 1.00 X 0 0 0 WESLEY MANCINI 1.00 X 0 0 0 SHANNON G SMITH 1.00 X 0 0 0 LORI TOMOYASU MCGEE 1.00 X X 0 0 0 JONATHAN K MURRAY 1.00 X 0 0 0 PHYLLIS WINGATE-JONES 1.00 X 0 0 0 A ZACHARY SMITH III 1.00 X 0 0 0 BRYAN L WILLIAMS 2.00 X X 0 0 0 W CHARLES CAMPBELL 1.00 X X 0 0 0 ASTRID CHIRINOS 1.00 X 0 0 0 RAY S RIP FARRIS 2.00 X X 0 0 0 SHEILA T MULLEN 1.00 X 0 0 0 JENNIFER APPLEBY 1.00 X 0 0 0 THOMAS COTTINGHAM 1.00 X 0 0 0 RUSS DANIEL 1.00 X 0 0 0 ANDY DEWS MD 1.00 X 0 0 0 RICHARD MCCRACKEN 1.00 X 0 0 0 MARJORIE RUSSELL 1.00 X 0 0 0 JOAN ZIMMERMAN 1.00 X 0 0 0 PAIGE GANTT 1.00 X 0 0 0 BARBARA LAUGHLIN 1.00 X 0 0 0 CHRIS MCCOY 1.00 X 0 0 0 JEFF TRENNING 1.00 X 0 0 0 SUZANNE FETSCHER 60.00 X 139039 0 12491 SANDRA PATRICK 50.00 X 56044 0 7432 195083 0 19923 1 0 1 0 0 388279 234560 781477 166475 1570791 TUITION AND FEES 611710 399229 399229 399229 1103 1103 40370 86798 -46428 -46428 -46428 11635 234560 55287 -43652 -43652 MISCELLANEOUS 900099 9064 9064 9064 1890107 408293 0 -88977 215006 151530 63476 732703 466554 104926 161223 16052 10469 2852 2731 80056 52212 14225 13619 98066 63957 17426 16683 268761 198337 29594 40830 107019 77430 14213 15376 93760 93760 56135 41660 989 13486 8593 4192 1822 2579 259144 239295 19849 13828 2065 11763 ARTIST STIPENDS 99753 99753 DUES & SUBSCRIPTIONS 36959 33130 3084 745 SERVICE CHARGES 16498 16394 104 CURATORIAL/HONORARIUMS 9100 9100 SPECIAL EVENTS 0 0 109527 79615 8206 21706 2220960 1623059 308819 289082 61686 16947 470930 192586 159053 297812 37272 57516 19791 28128 10319073 3111755 7369736 7207318 5885838 7077696 14004306 14878003 89312 72827 176604 243214 99437 62004 365353 378045 X 7046220 7223370 102408 786263 6490325 6490325 13638953 14499958 14004306 14878003 X -330853 1191858 X X 0 1 1 X 0 X 1156087 1379229 1467449 1482428 1580571 7065764 1156087 1379229 1467449 1482428 1580571 7065764 7065764 86804 61376 36906 38059 41473 264618 33895 21290 42025 314 9064 106588 7436970 1468557 0.95010 0.94670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5885838 1243748 51890 7077696 5268944 616894 5885838 7149818 -1186695 648400 45779 5268944 0.08000 0.92000 0 0 2208439 2208439 5234056 2008117 3225939 1371678 526263 845415 1504900 577375 927525 7207318 FIXED INCOME 1592482 F EQUITIES 4423560 F PRIVATE INVESTMENT FUNDS 1061654 F 7077696 1890107 2220960 -330853 1191858 1191858 861005 2063559 31367 142085 173452 1890107 0 1890107 2394412 31367 142085 173452 2220960 0 2220960 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CENTER 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, THE CENTER IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE CENTER. THE CENTER ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE CENTER BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE CENTER HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF JUNE 30, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST 1,191,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT DIRECT EXPENSES NETTED AGAINST REVENUES ON 990, BUT NOT ON FINANCIALS 86,798. SPECIAL EVENT EXPENSES NETTED AGAINST REVENUES ON 990, BUT NOT ON FINANCIALS 55,287. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENT DIRECT EXPENSES NETTED AGAINST REVENUES ON 990 BUT NOT ON FINANCIALS 86,798. SPECIAL EVENT EXPENSES NETTED AGAINST REVENUES ON 990 BUT NOT ON FINANCIALS 55,287. ASHES TO ART LUNCHEON 206385 206385 19562 SPRING FLING 39810 28175 11635 2744 14989 9821 8171 246195 234560 11635 2744 14989 9821 27733 55287 -43652 X X X X X 0 0 0 0 0 0 0 0 0 SUZANNE FETSCHER 139039 0 0 0 0 0 7276 0 5215 0 151530 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE 990 WAS GIVEN TO EACH BOARD MEMBER FOR REVIEW, COMMENT AND APPROVAL PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR AND DISCLOSE TO THE FULL BOARD ANY POTENTIAL PROBLEMS. ANY POTENTIAL CONFLICTS MUST BE APPROVED BY THE FULL BOARD. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THAT MEMBER WOULD RECUSE HIMSELF/HERSELF FROM THE DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD. A SUBSET OF THE BOARD CONDUCTS A SALARY REVIEW AND COMPARISON USING SURVEY INFORMATION FROM THE NORTH CAROLINA CENTER FOR NON PROFITS. A SUBSET OF THE BOARD ALSO EVALUATES HER PERFORMANCE BASED ON ACHIEVEMENT OF GOALS AND BUDGET AND MAKES A SALARY RECOMMENDATION TO THE BOARD. THE BOARD COMPENSATION FOR OTHER KEY EMPLOYEES AND TOP MANAGEMENT OFFICIALS IS BASED ON PERFORMANCE REVIEW AND COMPARATIVE SALARY INFORMATION PROVIDED BY THE ARTS AND SCIENCE COUNCIL. DISCUSSIONS ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN BENEFICIAL INTEREST 1,191,858. TOTAL TO FORM 990, PART XI, LINE 5: 1,191,858. FORM 990, PART XI, LINE 2C THE FINANCE COMMITTEE MEETS WITH THE INDEPENDENT AUDITORS TO REVIEW THE FINANCIAL STATEMENTS AND RESULTS OF THE AUDIT ALONG WITH ANY RECOMMENDATIONS. THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT AUDITORS.