UNITED ARTS COUNCIL OF GREENSBORO INC

EIN: 560746180 501(c)(3) Arts, Culture & Humanities

GREENSBORO, NC

Total Revenue
$2,253,905
Total Expenses
$1,829,571
Total Assets
$2,082,779
Net Assets
$1,556,155
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
NC
Principal Officer
LAURA WAY
Phone
3363737523
Tax Period
2024-07-01 to 2025-06-30

UNITED ARTS COUNCIL OF GREENSBORO INC, founded in 1960, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $424K, a strong 19% operating margin.

Mission

THE ARTS COUNCIL OF GREATER GREENSBORO (THE ACGG) IS DEDICATED TO FOSTERING CREATIVITY AND ENRICHING THE CULTURAL LIVES OF ALL RESIDENTS. THE ACGG STRIVES TO SUPPORT, PROMOTE, AND ELEVATE LOCAL ARTS AND CULTURAL ORGANIZATIONS, MAKING A LASTING IMPACT IN THE COMMUNITY. FOUNDED IN 1960, THE ACGG IS FOCUSED ON THE SUSTAINABILITY OF THE ARTS ECOSYSTEM ACROSS GUILFORD COUNTY, PROMOTING THE ARTS AS AN ECONOMIC DRIVER AND INNOVATIVE PROGRAMS THAT BUILD PARTNERSHIPS, COLLABORATION, AND COOPERATION ACROSS THE SECTOR. KEY PROGRAMS INCLUDE SHARED SERVICES, GRANTS, MARKETING SUPPORT, ADVOCACY, AND PROFESSIONAL DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $1,277,820 Revenue: $6,772

THE ARTS COUNCIL OF GREATER GREENSBORO, FOUNDED IN 1960, WAS INITIALLY ESTABLISHED AS A STEWARD OF FUNDING FOR THE ARTS COMMUNITY. TODAY, THE ARTS COUNCIL OF GREATER GREENSBORO NOT ONLY INVESTS IN...

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THE ARTS COUNCIL OF GREATER GREENSBORO, FOUNDED IN 1960, WAS INITIALLY ESTABLISHED AS A STEWARD OF FUNDING FOR THE ARTS COMMUNITY. TODAY, THE ARTS COUNCIL OF GREATER GREENSBORO NOT ONLY INVESTS IN MORE THAN 50 ARTS ORGANIZATIONS, PROJECTS, TEACHERS, AND ARTISTS BY AWARDING RESOURCES THROUGH A VARIETY OF COMPETITIVE GRANT PROGRAMS, BUT ALSO PROVIDES STRATEGIC LEADERSHIP, ADVOCACY, COLLABORATIVE INITIATIVES, MARKETING, AND PROMOTIONAL SERVICES, AND HAS SERVED AS AN "INCUBATOR" FOR MANY EMERGING ARTS ORGANIZATIONS SUCH AS THE NORTH CAROLINA FOLK FESTIVAL AND CASA AZUL. THE ARTS COUNCIL OF GREATER GREENSBORO MANAGED THE VAN DYKE PERFORMANCE SPACE LOCATED IN THE GREENSBORO CULTURAL CENTER AND THE HISTORIC STERNBERGER ARTISTS CENTER.

Program 2
Expenses: $114,746 Revenue: $17,500

SHARED SERVICES PROVIDES BACK-OFFICE SUPPORT INCLUDING FINANCIAL STATEMENTS, BUDGET DEVELOPMENT, CASH FLOW ANALYSIS AND CONTRACT NEGOTIATIONS, AT BELOW-MARKET RATES FOR NON-PROFIT ARTS ORGANIZATIONS...

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SHARED SERVICES PROVIDES BACK-OFFICE SUPPORT INCLUDING FINANCIAL STATEMENTS, BUDGET DEVELOPMENT, CASH FLOW ANALYSIS AND CONTRACT NEGOTIATIONS, AT BELOW-MARKET RATES FOR NON-PROFIT ARTS ORGANIZATIONS. THE PROGRAM IS A MEANS OF BUILDING INTERNAL CAPACITY WITHIN SMALL AND EMERGING ARTS ORGANIZATIONS, ASSISTING IN THEIR GROWTH AND LONG-TERM SUSTAINABILITY, AND PROVIDING AFFORDABLE ACCESS TO FINANCIAL PLANNING TOOLS.

Program 3
Expenses: $48,428 Revenue: $35,760

STERNBERGER ARTISTS CENTER - OWNED AND OPERATED BY THE ARTS COUNCIL OF GREATER GREENSBORO TO PROVIDE LOW COST STUDIOS FOR ARTISTS. THE ARTS COUNCIL OF GREATER GREENSBORO IS RESPONSIBLE FOR THE...

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STERNBERGER ARTISTS CENTER - OWNED AND OPERATED BY THE ARTS COUNCIL OF GREATER GREENSBORO TO PROVIDE LOW COST STUDIOS FOR ARTISTS. THE ARTS COUNCIL OF GREATER GREENSBORO IS RESPONSIBLE FOR THE OPERATING EXPENSES AND CAPITAL IMPROVEMENTS TO THE FACILITY, FUNDED IN PART BY RENTAL INCOME FROM THE STUDIOS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,178,954
Program Service Revenue $53,260
Investment Income $14,919
Other Revenue $6,772
TOTAL REVENUE $2,253,905

Expense Breakdown

Grants Paid $734,418
Salaries & Benefits $507,046
Fundraising Expenses $178,790
Program Expenses $1,440,994
Other Expenses $588,107
TOTAL EXPENSES $1,829,571

Year-over-Year Comparison

2024 2023 Change
Revenue $2,253,905 $2,433,941 -0.1%
Expenses $1,829,571 $2,063,629 -0.1%
Net Income $424,334 $370,312 +0.1%
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
21
Independent Members
21
Employees
10
Volunteers
60

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
$117,930
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDSAY MORGAN BOARD CHAIR 5.00
Officer Director
$0 $0 $0
ART WINSTEAD BOARD TREASURER 5.00
Officer Director
$0 $0 $0
MARTHA THOMPSON BOARD SECRETARY 5.00
Officer Director
$0 $0 $0
MADISON CARROLL IMMEDIATE PAST CHAIR 5.00
Officer Director
$0 $0 $0
JAMILLA PINDER VICE CHAIR 3.00
Officer Director
$0 $0 $0
MICHAEL CLAPP BOARD MEMBER 3.00
Director
$0 $0 $0
NEIL BELENKY BOARD MEMBER 3.00
Director
$0 $0 $0
ANDRENA COLEMAN BOARD MEMBER 3.00
Director
$0 $0 $0
NANCY DOLL BOARD MEMBER 3.00
Director
$0 $0 $0
LARRY FAIRLY BOARD MEMBER 3.00
Director
$0 $0 $0
MARIA GONZALES BOARD MEMBER 3.00
Director
$0 $0 $0
CHIP HAGAN BOARD MEMBER 3.00
Director
$0 $0 $0
MEGAN MARBY BOARD MEMBER 3.00
Director
$0 $0 $0
FRAN OXNER BOARD MEMBER 3.00
Director
$0 $0 $0
KRISTEN PEEK BOARD MEMBER 3.00
Director
$0 $0 $0
GIGI RENAUD BOARD MEMBER 3.00
Director
$0 $0 $0
DR KAMI ROWAN BOARD MEMBER 3.00
Director
$0 $0 $0
LISA SIMPSON BOARD MEMBER 3.00
Director
$0 $0 $0
TRISHA TETER HALE BOARD MEMBER 3.00
Director
$0 $0 $0
EFFIE VARITIMIDIS BOARD MEMBER 3.00
Director
$0 $0 $0
KATE MUSSELWHITE BOARD MEMBER 3.00
Director
$0 $0 $0
LAURA WAY PRESIDENT/CEO 40.00
Officer
$117,930 $0 $117,930
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 $2,253,905 $1,829,571 $2,082,779 $424,334
2024 $2,433,941 $2,063,629 $1,677,619 $370,312
2023 $1,893,017 $1,865,964 $1,322,333 $27,053
2022 $966,419 $1,117,775 $1,155,592 $-151,356
2021 $1,732,808 $1,727,129 $990,888 $5,679
2020 $1,965,583 $2,123,783 $2,007,082 $-158,200
2019 $2,065,501 $2,146,499 $2,356,714 $-80,998
2018 $2,495,813 $2,549,289 $2,623,156 $-53,476
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