GADSDEN CULTURAL ARTS FOUNDATION INC

EIN: 630899081 501(c)(3) Arts, Culture & Humanities

GADSDEN, AL

Total Revenue
$3,255,285
Total Expenses
$1,686,695
Total Assets
$5,221,475
Net Assets
$5,211,574
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
AL
Principal Officer
TOM BANKS
Phone
2565432787
Tax Period
2025-01-01 to 2025-12-31

GADSDEN CULTURAL ARTS FOUNDATION INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $324K, a strong 16% operating margin.

Mission

PROMOTION OF ARTISTIC ACTIVITIES

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,909,788
Program Service Revenue $864,386
Investment Income $462,101
Other Revenue $19,010
TOTAL REVENUE $3,255,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,013,578
Fundraising Expenses $0
Program Expenses $838,541
Other Expenses $673,117
TOTAL EXPENSES $1,686,695

Year-over-Year Comparison

2025 2024 Change
Revenue $3,255,285 $1,670,005 +0.9%
Expenses $1,686,695 $1,739,160 0.0%
Net Income $1,568,590 $-69,155 -23.7%
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
15
Independent Members
15
Employees
28
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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY PHILLIPS DIRECTOR 0.00
Director
$0 $0 $0
CODY ROBINSON DIRECTOR 0.00
Director
$0 $0 $0
BO ARTHUR DIRECTOR 0.00
Director
$0 $0 $0
JESSICA BROWN VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
CATHERINE BAILEY DIRECTOR 0.00
Director
$0 $0 $0
ALIE CAUSEY DIRECTOR 0.00
Director
$0 $0 $0
HELENE HALLER DIRECTOR 0.00
Director
$0 $0 $0
KAY MOORE TREASURER 0.00
Officer Director
$0 $0 $0
MAMTA MISHRA DIRECTOR 0.00
Director
$0 $0 $0
CATHERINE MARTIN CHAIRMAN 0.00
Officer Director
$0 $0 $0
TERESA RHEA DIRECTOR 0.00
Director
$0 $0 $0
SPENCER WILLIAMS DIRECTOR 0.00
Director
$0 $0 $0
RUTH MOFFATT DIRECTOR 0.00
Director
$0 $0 $0
JOHN TRONCALE DIRECTOR 0.00
Director
$0 $0 $0
STEPHANIE SIMMONS DIRECTOR 0.00
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
2025 $3,255,285 $1,686,695 $5,221,475 $1,568,590
2024 $1,670,005 $1,739,160 $3,652,699 $-69,155
2023 $1,622,766 $1,683,065 $3,722,135 $-60,299
2022 $1,493,599 $1,513,404 $3,782,043 $-19,805
2021 $1,694,730 $1,313,727 $3,801,232 $381,003
2020 $1,203,137 $1,317,641 $3,471,428 $-114,504
2019 $1,868,572 $1,805,971 $3,641,474 $62,601
2018 $2,000,621 $1,676,285 $3,632,228 $324,336
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