2026-06-29T10:31:39-05:00 2025-06-30 450473857 Crouch Joslyn Group PLLC 4505 Country Club Rd Ste 100 WinstonSalem NC 27104 990 2024-07-01 463987880 North Carolina Arts Foundation NORT 9194120751 PO Box 26263 Raleigh NC 27611 Michael Lowder Interim Executive Director 9198194453 2026-05-13 1 1 Eugene J Joslyn P00288276 3367688000 2024 2025-03-06 01:10:19Z X Michael Lowder PO Box 26263 Raleigh NC 27611 1774499 0 X www.ncartsfoundation.org X 2013 NC Collaborate with individuals, arts and cultural organizations, other foundations and businesses, and the North Carolina Arts Council to support arts programs that have proven public value and are statewide or regional in scope. 10 9 0 0 0 0 1996455 1715110 0 5000 91366 53511 13258 878 2101079 1774499 221000 1402500 0 0 94800 120000 0 0 0 303617 356132 619417 1878632 1481662 -104133 1100833 992573 4315 188 1096518 992385 X The Foundation's mission is to bring private and public sector partners into collaborations that extend the benefits of the arts to residents across the state. As North Carolina emerges from the pandemic, a top priority is to find resources for arts initiatives that benefit youth. 0 0 915249 902500 Assistance to Western North Carolina: Relief related to the devastation that occurred in Western North Carolina from Hurricane Helene in the fall of 2024. The Foundation received and distributed funding to affected artists and non-profit arts organizations in twenty-six western counties through the NC Arts Disaster Relief Fund 628237 500000 A+ Schools of North Carolina- Received grants for A+ Schools of North Carolina, a program of the North Carolina Arts Council, and administered contracted services to support teacher training, recruitment of teaching artists, and customized professional development for participating schools in the A+ network. 116683 Keys for Kids funds a statewide network of arts partners that assist young people in North Carolina who want to learn to play piano by providing music instruction and instruments at little or no cost to the student. 35513 35513 1695682 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NC X X Michael Lowder 9194120751 PO Box 26263 Raleigh NC 27611 John Willingham President 1.00 X X 0 0 0 Marla Adams Director 0.50 X X 0 0 0 Chad Cheek Director 1.00 X 0 0 0 Joe Logan Director 0.25 X 0 0 0 Henry Walston Director 0.25 X 0 0 0 Stephen Hill Ex Officio 0.25 X 0 0 0 Beverly Nipper Bowles Director 0.50 X X 0 0 0 Davy Arch Director 0.25 X 0 0 0 Suzanne Fetscher Director 1.00 X 0 0 0 Michael Lowder Director 1.00 X 0 0 0 John Mitchell Director 0.25 X 0 0 0 Patrick Sims Director 0.25 X 0 0 0 Wayne Martin Executive Director 40.00 X 120000 0 0 120000 0 0 1 0 0 0 Wayne Martin 1623 Park Drive Raleigh NC 27605 Administrative Management 120000 1 1715110 1715110 A+ conference registra 611710 5000 5000 5000 53511 53511 Miscellaneous 900099 878 878 878 1774499 5000 0 54389 1402500 1402500 120000 120000 271440 245944 25496 20207 20207 22938 20342 2596 Conferences and meeting 20505 15469 5036 Other 10157 3543 6614 School reimbursements 7884 7884 Insurance 3001 3001 1878632 1695682 182950 0 500833 992573 600000 0 0 1100833 992573 4315 188 4315 188 X 131665 155186 964853 837199 1096518 992385 1100833 992573 -104133 0 X 0 0 0 X 566788 756532 241753 981252 1715108 4261433 566788 756532 241753 981252 1715108 4261433 2124450 2136983 856 16351 23344 53512 94063 4355496 0.49060 0.32330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Blue Ridge National Heritage Area Inc 195 Hemphill Knob Rd Asheville NC 28803 204714123 501(c)(3) 82500 0 Hurricane Helene Relief Asheville Area Arts Council 67 Broad St Asheville NC 28801 581371546 501(c)(3) 200000 0 Hurricane Helene Relief North Carolina Arts Council 4632 Mail Service Center Raleigh NC 27699 566062189 GOV 620000 0 NC Arts Disaster Relief Grant - Hurricane Helene Relief Form 990, Part VI, Section B, line 11b THE FOUNDATION EXECUTIVE COMMITTEE REVIEWS AND APPROVAL FORM 990 PRIOR TO FILING. ALL BOARD MEMBERS OF THE FOUNDATION CAN RECEIVE A COPY OF THE FORM 990 UPON REQUEST. Form 990, Part VI, Section B, line 12c THE GOVERNING BOARD MEMBERS AGREE TO THE WRITTEN CONFLICT OF INTEREST POLICY WHEN THEY ASSUME THE POSITION OF DIRECTOR AND UPDATE THEIR AGREEMENT ANNUALLY. THE POLICY STATES THAT A DIRECTOR SHALL INFORM THE BOARD OF ANY DIRECT OR INDIRECT CONFLICT OF INTEREST FOR EACH TRANSACTION CONTEMPLATED BY THE BOARD. THIS INCLUDES, BUT NOT LIMITED TO, FINANCIAL INTEREST AND SERVING ON OTHER BOARDS. EACH DIRECTOR AND OFFICER SIGNS AN ANNUAL STATEMENT AFFIRMING THIS COMPLIANCE. THE FOUNDATION CONDUCTS PERIODIC REVIEWS TO MONITOR COMPLIANCE INCLUDING THE REASONABLENESS OF EXPENDITURES AND THE FOLLOWING PROCEDURES SPECIFIED IN THE BY-LAWS. EVERY PROGRAM SUPPORTED BY THE FOUNDATION PROVIDES A REPORT ON THE USE OF FUNDS ADMINISTERED THROUGH THE FOUNDATION. Form 990, Part VI, Section C, line 19 THE FORM 990 IS PROVIDED, UPON REQUEST, TO PROSPECTIVE CONTRIBUTORS AND GRANTORS. THE FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. THE FOUNDATION'S LIST OF OFFICERS IS PUBLISHED ON ITS WEBSITE AND THE FOUNDATION'S ARTICLES OF INCORPORATION DESCRIBING ITS PURPOSE,THE CONFLICT OF INTEREST POLICY AND THE TAX EXEMPTION LETTER FROM THE IRS ARE ALSO PROVIDED, UPON REQUEST, TO PROSPECTIVE CONTRIBUTORS. Form 990, Page11, Part X Amended Form 990 YE 06 30 2025 In March of 2026 it was determined that certain amounts recognized as gifts of Beneficial Interests (held by an outside foundation) received in 06 30 2024 and 06 30 2025 had been mischaracterized by NC Arts Foundation and should only have been recognized as the funds were received by the NC Arts Foundation from the outside foundation in future periods rather than during the years ended 06 30 2024 and 2025. Form 990 for 06 30 2024 has been amended and accordingly certain balance sheet beginning balances must be adjusted for the year ended 06 30 2025. For the 06 30 2024 ending balance sheet accounts the asset for the beneficial interest have been removed from the balance sheet reducing Part X, line 15 Other assets Column A by $1,241,990 from $1,241,990 to $-0- and the total assets figure reduced accordingly as was the Line 28 Net assets with donor restrictions. For the 06 30 2025 ending balance sheet accounts the asset for the beneficial interest have been removed from the balance sheet reducing Part X, line 15 Other assets Column B by $2,470,308 from $2,470,308 to $-0- and the total assets figure reduced accordingly as was the Line 28 Net assets with donor restrictions. Form 990 Part VIII Amended Form 990 YE 06 30 2025 In March of 2026 it was determined that certain amounts recognized as gifts of Beneficial Interests (held by an outside foundation) had been mischaracterized by NC Arts Foundation and should only have been recognized as the funds were received by the NC Arts Foundation from the outside foundation in future periods rather than during the year ended 06 30 2025. No distributions were received by the NC Arts Foundation from these funds during the year ended June 30,2025. These adjustments resulted in a decrease in Part VIII, line 1f, Column A of $500,000 "All other contributions" changing the balance from $2,215,134 to $1,715,134. Other related accounts adjusted included Part VIII, line 3, Columns A and D Investment income decrease of $31,555 from $85,066 to $53,511 Part VIII, Line 7 a, c, d, Columns A and D Gross Sale of Assets decreased by $53,298 from $53,298 to $-0-. Part IX, Line 11f, Columns A and B investment management fees were decreased by $7,864 from $7,864 to $-0-. And Part XI Line 5 unrealized gains was decreased by $151,304 from $151,304 to $-0-. Form 990 Sch A Part II Amended Form 990 YE 06 30 2025 Schedule A (Form 990) as amended has been adjusted to reflect the previously discussed recharacterization of the funds previously recognized as Beneficial Interest Gifts. The lowering of the recognized gift by $500,000 resulted in an equal reduction in the Schedule A Part II, section A Line 5, column e. The reducion in the Line 5, column e amount in turn led to a reduction of line 5, column f ithat resulted in an increased the public support percentage reflected on section c, line 14. The resulting amended percentage increased from 38.02% to 49.06% meeting the public support test.