SECCA Foundation

EIN: 560656890 501(c)(3) Arts, Culture & Humanities

Winston Salem, NC

Total Revenue
$1,111,449
Total Expenses
$1,261,889
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NC
Principal Officer
Gloria Ysasi-Diaz
Phone
3367251904
Tax Period
2022-07-01 to 2023-06-29

SECCA Foundation, founded in 1956, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

Form 990 - Organizations mission or most significant activities The Southeastern Center for Contemporary Art offers numerous ways to experience the art of our time. Through visual art exhibitions, music, dance, theater, and education we start conversations that engage diverse communities and perspectives.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,023,867
Program Service Revenue $39,380
Investment Income $17,641
Other Revenue $30,561
TOTAL REVENUE $1,111,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $438,230
Fundraising Expenses $569,954
Program Expenses $591,498
Other Expenses $823,659
TOTAL EXPENSES $1,261,889

Year-over-Year Comparison

2022 2021 Change
Revenue $1,111,449 $837,696 +0.3%
Expenses $1,261,889 $849,867 +0.5%
Net Income $-150,440 $-12,171 +11.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
10
Volunteers
14

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
3
$176,022
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William J Carpenter Executive Director 040.00
Officer
$0 $41,153 $176,022
Lindsey Schwab President 002.00
Officer Director
$0 $0 $0
Jane Clarke Board Member 001.00
Director
$0 $0 $0
Gloria Ysasi-Diaz Treasurer 001.00
Officer Director
$0 $0 $0
Pete Fala Board Member 001.00
Director
$0 $0 $0
Lisa Fox Board Member 001.00
Director
$0 $0 $0
Mason Freeman Board Member 001.00
Director
$0 $0 $0
Redge Hanes Board Member 001.00
Director
$0 $0 $0
Amy Lanning Board Member 001.00
Director
$0 $0 $0
Mo McCrae Board Member 001.00
Director
$0 $0 $0
Sheldon Moser Board Member 001.00
Director
$0 $0 $0
Forrest Staton Board Member 001.00
Director
$0 $0 $0
Nikita Wallace Board Member 001.00
Director
$0 $0 $0
Ashley Givens Board Member 001.00
Director
$0 $0 $0
Chad Downard Board Member 001.00
Director
$0 $0 $0
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
2023 $1,111,449 $1,261,889 No data $-150,440
2022 $837,696 $849,867 $202,880 $-12,171
2021 $759,156 $728,236 $227,217 $30,920
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