Charlotte Concerts

EIN: 561153627 501(c)(3)

Charlotte, NC

Total Revenue
$356,749
Total Expenses
$383,824
Total Assets
$676,619
Net Assets
$676,619
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NC
Phone
7042367444
Tax Period
2018-06-01 to 2019-05-31

Charlotte Concerts, founded in 1976, is a small nonprofit that reported $357K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To bring the finest in internationally acclaimed performing artists to the Charlotte area and to provide educational opportunities to students of all ages.

Program Service Accomplishments

Program 1
Expenses: $149,748 Revenue: $103,133

Charlotte Concerts presented 5 concerts featuring internationally recognized classical artists. Concerts were held at 3 different venues in Charlotte. The expenses include artists costs, venue...

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Charlotte Concerts presented 5 concerts featuring internationally recognized classical artists. Concerts were held at 3 different venues in Charlotte. The expenses include artists costs, venue rentals, technical support staffs at theatres, playbills, and other costs associated with artists appearances.

Program 2
Expenses: $44,809 Revenue: $23,999

A Musical Showcase is a program that provides the opportunity for Charlotte Mecklenburg Schools (CMS) elementary, middle school, and high school students who participate in choral and instrumental...

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A Musical Showcase is a program that provides the opportunity for Charlotte Mecklenburg Schools (CMS) elementary, middle school, and high school students who participate in choral and instrumental ensembles to perform at the Belk Theater in uptown Charlotte. All CMS ensembles are eligible to apply. Selections are made by blind audios submitted to a panel of adjudicators. In 2019, over 640 (CMS) students representing 13 different schools - performed before an audience of approximately 2000 people. Free tickets were provided to students families who could not afford to purchase tickets. A $500 check was presented to each of the participating ensembles. Meals are provided for lunch and dinner... serving approximately 1000 students, teachers, and volunteers. Transportation to and from the theater, payment for substitute teachers, and any other associated costs are paid by Charlotte Concerts. There is no cost to any student or teacher who participates in this program.

Program 3
Expenses: $34,535

Charlotte Concerts underwrites the costs of all CMS Middle School and CMS High School Honors Choruses, Orchestras, and Bands. Students can participate in the 2 day events which include working with a...

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Charlotte Concerts underwrites the costs of all CMS Middle School and CMS High School Honors Choruses, Orchestras, and Bands. Students can participate in the 2 day events which include working with a clinician and a performance for the public. Any student who is selected participates at no cost to the student.Charlotte Concerts provides new band and orchestra instruments for middle and high school students in underserved schools.Charlotte Concerts provides scholarships for students to take private lessons through a program sponsored by another non-profit.Choral notebooks were provided to a CMS high school which could not afford to buy the notebooks for members of the high school chorus/choir.

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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 (2018)

Revenue Breakdown

Contributions & Grants $152,127
Program Service Revenue $132,132
Investment Income $586
Other Revenue $71,904
TOTAL REVENUE $356,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,060
Fundraising Expenses $76,362
Program Expenses $229,092
Other Expenses $340,764
TOTAL EXPENSES $383,824

Year-over-Year Comparison

2018 2017 Change
Revenue $356,749 $327,550 +0.1%
Expenses $383,824 $403,863 0.0%
Net Income $-27,075 $-76,313 -0.6%
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

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Governance

Voting Members
19
Independent Members
19
Employees
1
Volunteers
125

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
9
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tamra Berry Director 0.50
Director
$0 $0 $0
Paul Anderson President 5.00
Officer Director
$0 $0 $0
Dareion Malone Director 1.00
Director
$0 $0 $0
Mike Butterworth Director 1.00
Director
$0 $0 $0
Leanne Downey Director 1.50
Director
$0 $0 $0
Susan Cybulski Vice President 4.00
Officer Director
$0 $0 $0
Pam Ashley Treasurer 2.00
Officer Director
$0 $0 $0
David Fisher Director 2.00
Director
$0 $0 $0
Peter deVries Director 1.00
Director
$0 $0 $0
Ervin Gourdine Secretary 1.00
Officer Director
$0 $0 $0
Pam Furr Vice President 1.00
Officer Director
$0 $0 $0
Shelly Fasciana Vice President 3.00
Officer Director
$0 $0 $0
Holly Withers Director 1.50
Director
$0 $0 $0
Aaron Roome Director 1.00
Director
$0 $0 $0
Ryan Yow Director 1.00
Officer Director
$0 $0 $0
Karen Kropp Director 1.00
Director
$0 $0 $0
Pamela Pearson Parliamentarian 0.50
Director
$0 $0 $0
Martha Purser Vice President 4.00
Officer Director
$0 $0 $0
Diane Lumpkin-Peery Executive Dir. 50.00
Officer
$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
2019 $356,749 $383,824 $676,619 $-27,075
2018 $327,550 $403,863 $703,921 $-76,313
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