CCCP COMMUNITY TRUST

EIN: 010554275 501(c)(3) Arts, Culture & Humanities

CHARLOTTE, NC

Total Revenue
$12,230,139
Total Expenses
$12,466,859
Total Assets
$7,137,798
Net Assets
$1,915,900
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NC
Principal Officer
MICHAEL J SMITH
Phone
7043329575
Tax Period
2024-07-01 to 2025-06-30

CCCP COMMUNITY TRUST, founded in 2002, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.2M in total revenue in fiscal year 2024. Revenue surged 216% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF CCCP COMMUNITY TRUST (CCCPCT) IS TO PROVIDE A PLATFORM FOR CITY-WIDE COMMUNITY-BUILDING ARTS, EDUCATION, SUSTAINABILITY, HEALTH AND WELLNESS INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $12,193,491 Revenue: $1,016,188

CCCPCT ENHANCES ARTS, CULTURAL AND ENTERTAINMENT OPPORTUNITIES IN CHARLOTTE BY CREATING INCLUSIVE ARTS EXPERIENCES. THIS IS ACCOMPLISHED BY CCCPCT DBA CHARLOTTE ARTSFEST, INC. THROUGH A RANGE OF...

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CCCPCT ENHANCES ARTS, CULTURAL AND ENTERTAINMENT OPPORTUNITIES IN CHARLOTTE BY CREATING INCLUSIVE ARTS EXPERIENCES. THIS IS ACCOMPLISHED BY CCCPCT DBA CHARLOTTE ARTSFEST, INC. THROUGH A RANGE OF COORDINATED FESTIVAL EVENTS SUCH AS THE NOVANT HEALTH THANKSGIVING EVE PARADE, AND CHARLOTTE SHOUT!. THE NOVANT HEALTH THANKSGIVING EVE PARADE IS THE CITY'S ANNUAL HOLIDAY PARADE ON THE NIGHT BEFORE THANKSGIVING, WHICH CCCPCT BEGAN PRODUCING IN 2013. IN ADDITION, CCCPCT SECURED SEVERAL GRANTS: TO ACTIVATE THE NORTH TRYON AREA, TO ENHANCE OUR MUSIC EVERYWHERE INITIATIVE TO PROVIDE AIDE TO THOSE IN THAT COMMUNITY AFFECTED BY THE PANDEMIC AND LASTLY TO SPONSOR ACTIVATION OF THE RAIL TRAIL.

Program 2
Revenue: $64,644

CCCPCT WILL INVEST IN INITIATIVES THAT BUILD COMMUNITY THROUGH EDUCATION, HEALTH, WELLNESS, AND SUSTAINABILITY. THE FIRST MODEL PROGRAM TO SUPPORT THESE GOALS IS CCCPCT DBA CHARLOTTE B-CYCLE, MADE...

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CCCPCT WILL INVEST IN INITIATIVES THAT BUILD COMMUNITY THROUGH EDUCATION, HEALTH, WELLNESS, AND SUSTAINABILITY. THE FIRST MODEL PROGRAM TO SUPPORT THESE GOALS IS CCCPCT DBA CHARLOTTE B-CYCLE, MADE POSSIBLE BY BLUECROSS AND BLUESHIELD OF NORTH CAROLINA. THIS IS A BIKE SHARE PROGRAM FOR THE CITY OF CHARLOTTE TO SUPPORT HEALTHY AND SUSTAINABLE TRANSPORTATION CHOICES AND BETTER BIKE AWARENESS IN THE CITY. THIS PROGRAM IS A PUBLIC-PRIVATE PARTNERSHIP BETWEEN CCCPCT AND THE CITY OF CHARLOTTE. THE PROGRAM SUNSET AND CLOSED IN FEBRUARY 2025. THE FINANCIALS CLOSED IN JUNE 2025.

Program 3

CCCPCT CREATED A SINGLE MEMBER LLC THAT INVESTS IN THE COMMUNITY THROUGH SMALL BUSINESS INNOVATION FUND GRANTS GIVEN TO SMALL BUSINESSES AS THEY ADAPT THEIR OPERATIONS OR BUSINESS MODELS IN THE WAKE...

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CCCPCT CREATED A SINGLE MEMBER LLC THAT INVESTS IN THE COMMUNITY THROUGH SMALL BUSINESS INNOVATION FUND GRANTS GIVEN TO SMALL BUSINESSES AS THEY ADAPT THEIR OPERATIONS OR BUSINESS MODELS IN THE WAKE OF THE COVID-19 PANDEMIC. THE PROGRAM IS INTENDED TO SUPPORT THESE LOCAL BUSINESSES AS THEY SEEK TO INNOVATE, TO STAY COMPETITIVE, AND ADVANCE. THE PROGRAM WAS PAUSED IN 2025.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,140,182
Program Service Revenue $1,080,832
Investment Income $9,125
Other Revenue $0
TOTAL REVENUE $12,230,139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $769,810
Fundraising Expenses $0
Program Expenses $12,193,491
Other Expenses $11,697,049
TOTAL EXPENSES $12,466,859

Year-over-Year Comparison

2024 2023 Change
Revenue $12,230,139 $3,876,031 +2.2%
Expenses $12,466,859 $4,666,313 +1.7%
Net Income $-236,720 $-790,282 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$1,392,395
Total Directors
11
$643,960
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J SMITH DIRECTOR/EXEC. DIR. CCCPCT 6.00
Officer Director
$0 $94,332 $643,960
LONNIE DAVIS DIRECTOR 0.50
Director
$0 $0 $0
KYLE GIBLER DIRECTOR 0.50
Director
$0 $0 $0
MATT OLIN DIRECTOR 0.50
Director
$0 $0 $0
PRIYA SIRCAR DIRECTOR 0.50
Director
$0 $0 $0
MARK THIGPEN DIRECTOR 0.50
Director
$0 $0 $0
JUNIOR NYEMB DIRECTOR 0.50
Director
$0 $0 $0
SAAD EHTISHAN DIRECTOR 0.50
Director
$0 $0 $0
ANN SHERDAN DIRECTOR 0.50
Director
$0 $0 $0
DARREL WILLIAMS CHAIR 0.50
Officer Director
$0 $0 $0
GAU GUPTE TREASURER 0.50
Officer Director
$0 $0 $0
MOIRA QUINN SECRETARY/TREASURER 6.00
Officer
$0 $33,995 $217,230
ROBERT KRUMBINE EXEC. DIR. CHARLOTTE ARTFE 15.00
Officer
$0 $34,452 $223,187
ELENI SAUNDERS CFO THRU 2.25 10.00
Officer
$0 $31,359 $179,256
DIANNA L WARD EXEC. DIR. CHARLOTTE B-CYC 40.00
Officer
$127,790 $972 $128,762
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $12,230,139 $12,466,859 $7,137,798 $-236,720
2024 No data No data No data No data
2023 $2,758,404 $3,673,518 $2,304,780 $-915,114
2022 $3,485,349 $4,749,152 $2,326,654 $-1,263,803
2021 $5,842,596 $4,951,434 $3,032,444 $891,162
2020 $2,188,400 $1,840,533 $2,926,648 $347,867
2019 $3,579,515 $3,910,089 $1,796,343 $-330,574
2018 $2,108,908 $2,052,059 $2,029,280 $56,849
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