The Lee County Arts Council

Nonprofit profile at a glance

EIN: 561203845
IRS 990-EZ coverage: 2021–2024
Forms available: Form 990-EZ 2024
Location: Sanford, NC, USA
Rating: 89
Verdict: STRONG
Rating confidence: Moderate

Reported finances

Revenue: $53,472
Expenses: $59,612
Assets: $4,431
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

Sheryl Davis (President)
Leskisha Sandidge (Vice President)

People named in this filing

Sheryl Davis (President)
Leskisha Sandidge (Vice President)
Diana King (Secretary-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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Lee County Arts Council is a 501c3 nonprofit organization that is committed to supporting artists and arts organizations in our community by providing grant opportunities and funding for performances art exhibitions and other arts programs activities and events that benefit the adults and children in our community.

What it reported doing in 2024

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Grant intermediary. The nonprofit sent 76% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 82
Sustainability: 31
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -11.5%; rating input score 29; 29th percentile among comparable filings
Total-asset coverage ratio: 0.07; rating input score 10; 10th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 17.5% per year; rating input score 100; 80th percentile among comparable filings
Revenue growth: 17.2% per year; rating input score 100; 88th percentile among comparable filings
Asset growth: 24.5% per year; rating input score 100; 89th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $60K in reported program spending
Leadership: top reported pay $0 · 7 people listed
Consistency: 9 of 9 current checks pass
Schedules: 2 filed schedules
Filing history: 4 filing years from 2021 to 2024
Contacts: How to reach this organization
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.

High — Sustainability: Operating margin scored 29/100.
High — Sustainability: Total-asset coverage ratio scored 10/100.
Review — Sustainability: Officer compensation ratio scored 56/100.