Arts Council of Carteret County Inc

Nonprofit profile at a glance

EIN
591712029
IRS 990-EZ coverage
2011–2025
Forms available
Form 990 2023, Form 990-EZ 2025, Form 990-N 2014
Location
Morehead City, NC, USA
Phone
2522415579
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$116,924
Expenses
$98,926
Assets
$151,177

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • BEVERLY GLOVER-WOOD (PRESIDENT)

People named in this filing

  • BEVERLY GLOVER-WOOD (PRESIDENT)
  • NEAL STETSON (VICE PRESIDE)
  • WILLIAM J IPOCK (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To encourage and support the development, promotion, and expansion of the arts in carteret county.

What it reported doing in 2025

Various concerts, workshops and performances to promote the arts in carteret county

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 59% for direct work, and 41% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 76
  • Sustainability: 59
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.1%; rating input score 55
  • Program expense ratio: 64.9%; rating input score 65

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 3rd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 15.4%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 1.53; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 11.5% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 10.2% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: -0.9% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 55.1% of revenue deployed · 64.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $64K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • High — Growth: Asset growth scored 0/100.