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Thegifted Arts Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452650004 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Thegifted Arts Inc?

The Gifted Arts Inc., located at 410 Glenwood Ave 170, Raleigh, NC 27603, is a nonprofit organization committed to positively impacting young lives through culturally responsive artistic experiences. With a mission to eliminate racial inequalities in the arts and dismantle systems of oppression, the organization produces various events, such as dance, theater, fashion, spoken-word, and music programming. Their signature program, Gifted Academy, accommodates 60 students, resulting in an impressive season of 26 internal and external events reaching approximately 8,000 audience members. With a dedicated team of 13 employees, The Gifted Arts Inc. empowers young people to navigate life's obstacles and ultimately embrace their gifts and purpose.


Official website here: www.thegiftedarts.org

Is Thegifted Arts Inc legitimate?

Thegifted Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thegifted Arts Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $194,721
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,290

For more financial information, click here


Official website here: www.thegiftedarts.org

What is the mission statement of Thegifted Arts Inc?

The mission of Thegifted Arts Inc is centered around transforming the lives of youth through culturally responsive artistic experiences. The organization is committed to eliminating racial inequalities in the arts and dismantling systems of oppression, achieving this goal through their artistic endeavors. Their vision is a world where young people are equipped with the necessary tools to successfully overcome life's challenges and ultimately embrace their gifts and purpose.


Official website here: www.thegiftedarts.org

Who is the CEO of Thegifted Arts Inc?

Nichole Morgan is the CEO of Thegifted Arts Inc The CEO's salary of Thegifted Arts Inc is $95,000 and their total compensation is $106,422.


Official website here: www.thegiftedarts.org

What is the revenue of Thegifted Arts Inc?

Thegifted Arts Inc's revenue in 2023 was $377,700.


Official website here: www.thegiftedarts.org

Who are the executives of Thegifted Arts Inc and what are their salaries?

The average compensation at Thegifted Arts Inc during 2023 was $28,101. There are 10 employees and 3 volunteers at Thegifted Arts Inc.

Here are 6 key members and their salaries (Thegifted Arts Inc's CEO's salary is $95,000 and their total compensation is $106,422):


Wanda Lassiter (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elliot Brody (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rafik Keith (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bree Carnes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nichole Morgan (Founder, Ceo)
  • Compensation: $95,000
  • Related: $0
  • Other: $11,422
Clarence Morgan Iii (Founder, Coo)
  • Compensation: $80,000
  • Related: $0
  • Other: $8,299


Official website here: www.thegiftedarts.org

Where can I find the form 990 for Thegifted Arts Inc?

Thegifted Arts Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.thegiftedarts.org

Learn more at the official website: www.thegiftedarts.org

Mission Statement of Thegifted Arts Inc

Thegifted Arts Inc, a nonprofit organization, strives to revolutionize the lives of youth through culturally responsive artistic experiences. Their commitment is twofold: to eradicate racial disparities in the arts and dismantle systems of oppression, all while fostering this transformation through their art. They envision a world where young individuals are equipped with the necessary tools to triumph over life's obstacles, ultimately embracing their inherent gifts and purpose.

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Impact




October, 2024

Thegifted Arts Inc significantly transforms the lives of youth by providing culturally responsive artistic experiences that empower them to navigate life's challenges. Through its signature program, Gifted Academy, the organization offers immersive opportunities in dance, theater, fashion, spoken-word, and music, fostering creativity and self-expression among participants.

Over the course of a vibrant season, TGA produced 26 events, reaching an estimated 8,000 audience members, which amplifies the voices and talents of young artists. By focusing on eliminating racial inequalities in the arts and dismantling systems of oppression, Thegifted Arts Inc creates a safe and inclusive environment where young people can embrace their gifts and purpose, ultimately preparing them for brighter futures.




This information is meant to be a general summary of Thegifted Arts Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$377,700 (2023)
Expenses
$454,039 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $64,334
  • Gross Receipts: $377,700

Assets and Liabilities:

  • Total Assets: $161,067
  • Total Liabilities: $0
  • Net Assets: $161,067

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM INCOME

Revenue

$46,171

SPECIAL EVENTS INCOME

Revenue

$18,163

Organization Details

Founding Year

2011

Principal Officer

Clarence Morgan Iii

NTEE Category

Code: A20 - Arts

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