CHATHAM CREATIVE ARTS INCUBATOR INC Charity Report

Public IRS 990 nonprofit record

CHATHAM CREATIVE ARTS INCUBATOR INC

EIN 47-0862625 · Economic Development (S30)

What they do

CREATE A SELF-SUSTAINING ARTS COMMUNITY DEDICATED to PROVIDING NEW and EMERGING ARTISTS WITH RENTAL SPACES to CREATE ART, to HAVE ACCESS to SHARED RESOURCES and to BE EXPOSED to ONGOING SUPPORT and TRAINING OPPORTUNITIES; and to PARTNERING WITH OTHERS for THE PURPOSE of INCUBATING ARTISTS IN THE PURSUIT and DEVELOPMENT of VIABLE BUSINESSES, and PROMOTE ECONOMIC DEVELOPMENT IN HISTORIC DOWNTOWN SILER CITY, NORTH CAROLINA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.05%of revenue went to mission work95.5% of expenses · Program services

$73.37spent for every $100 of revenueRevenue covered expenses this year.

3.32%of revenue went to management and office costs4.5% of expenses

$2.77in assets for every $1 spent this yearSome assets cannot be spent right away.

69.2%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$105,729

Mission workProgram services$74,06370.05% of revenue95.5% of expenses

ManagementOffice and general costs$3,5123.32% of revenue4.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$28,15426.63% of revenueShown in gray on the chart

Total expenses$77,57573.37% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 73.37% of revenue

2023Expense mix: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 78.36% of revenue

2022Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 97.78% of revenue

2021Expense mix: 97.8% mission · 2.2% management · 0.0% fundraisingTotal expenses: 100.40% of revenue

2020Expense mix: 96.4% mission · 3.6% management · 0.0% fundraisingTotal expenses: 107.23% of revenue

2019Expense mix: 95.1% mission · 4.9% management · 0.0% fundraisingTotal expenses: 70.10% of revenue

2018Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 215.95% of revenue

2017Expense mix: 89.4% mission · 10.6% management · 0.0% fundraisingTotal expenses: 116.21% of revenue

Money in and money out

Revenue$105,729

Expenses$77,575

Annual surplus $28,154 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$74,063 · 95.5% of expenses

Management and office costs$3,512 · 4.5% of expenses

See all reported dollar amounts

Revenue$105,729

Expenses$77,575

Assets$214,612

Income$105,729

Contributions$73,208

Mission work (program services)$74,063

Management and general$3,512

Executive compensation (total)$12,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (6)

DENIS DE ST AUBIN JRDIRECTOR

DENIS DE ST AUBIN SRTREASURER

KRYSTAL FOXXDIRECTOR

LISA FEDELECHAIR PERSON

MICHAELLE RAMIREZDIRECTOR

WREN FARRARSECRETARY

About this charity

Recognized since: January 2002
Location: PO BOX 643 223 NORTH CHATHAM AVENU, SILER CITY, NC 27344
County: Chatham
In care of: MICHAEL FEEZOR
Primary officer: MICHAEL FEEZOR, DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailncai.director@gmail.com Phone(919) 663-1335

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WARD & PRICE CPAS PA
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development