THE DURHAM ARTS COUNCIL INC

EIN: 560599829 501(c)(3) Arts, Culture & Humanities

DURHAM, NC

Total Revenue
$3,063,229
Total Expenses
$3,367,507
Total Assets
$1,025,241
Net Assets
$301,611
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NC
Principal Officer
KATIE WYATT
Phone
9195602787
Tax Period
2024-07-01 to 2025-06-30

THE DURHAM ARTS COUNCIL INC, founded in 1954, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

SUPPORTING THE ARTS IN DURHAM AND THE TRIANGLE REGION IN NORTH CAROLINA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,917,354
Program Service Revenue $1,055,813
Investment Income $75,978
Other Revenue $14,084
TOTAL REVENUE $3,063,229

Expense Breakdown

Grants Paid $685,518
Salaries & Benefits $958,535
Fundraising Expenses $112,535
Program Expenses $2,933,670
Other Expenses $1,723,454
TOTAL EXPENSES $3,367,507

Year-over-Year Comparison

2024 2023 Change
Revenue $3,063,229 $2,719,713 +0.1%
Expenses $3,367,507 $2,824,811 +0.2%
Net Income $-304,278 $-105,098 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
14
Volunteers
450

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
6
$134,445
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TABITHA CONCEPCION PRESIDENT 3.00
Officer Director
$0 $0 $0
GERAUD STATON VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
EMRIC JORGENSEN TREASURER 3.00
Officer Director
$0 $0 $0
MIKE WOODARD SECRETARY 2.00
Officer Director
$0 $0 $0
ADAM ALLEGRINI VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
SHEILA CROSBY TRUSTEE 2.00
Director
$0 $0 $0
LORI BLAKE-REID TRUSTEE 2.00
Director
$0 $0 $0
IAN BROWN TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN VALENTINE TRUSTEE 2.00
Director
$0 $0 $0
JOSE CRUZ TRUSTEE 2.00
Director
$0 $0 $0
DAN ELLISON TRUSTEE 2.00
Director
$0 $0 $0
CHANDRA GUINN TRUSTEE 2.00
Director
$0 $0 $0
KENNETH HINTON TRUSTEE 2.00
Director
$0 $0 $0
CHELSEA COOK TRUSTEE 2.00
Director
$0 $0 $0
MARJORIE PIERSON TRUSTEE 2.00
Director
$0 $0 $0
MARYAH SMITH-OVERMAN TRUSTEE 2.00
Director
$0 $0 $0
WADE WALCUTT TRUSTEE 2.00
Director
$0 $0 $0
ELIZABETH WIENER TRUSTEE 2.00
Director
$0 $0 $0
DR CONSTANZA GOMEZ-JOINES TRUSTEE 2.00
Director
$0 $0 $0
SHERRY DEVRIES EXECUTIVE DIRECTOR 50.00
Officer
$125,205 $9,240 $134,445
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 $3,063,229 $3,367,507 $1,025,241 $-304,278
2024 No data No data No data No data
2023 $2,643,344 $2,454,530 $936,482 $188,814
2022 $2,260,692 $2,022,067 $676,927 $238,625
2021 $2,110,368 $2,005,367 $657,218 $105,001
2020 $2,053,594 $2,137,194 $566,062 $-83,600
2019 $2,027,879 $2,017,386 $557,840 $10,493
2018 $2,237,703 $2,243,715 $530,985 $-6,012
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