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Nonprofit · EIN 45-2650004

THEGIFTED ARTS INC

Tax-exempt · RALEIGH, NC 27629

Financials

$378K$454K2023$439K$428K2024$407K$469K2025
Revenue Expenses · by fiscal year end
Financials of THEGIFTED ARTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$407,001$468,972-$61,971$335,569$301,507$34,062
December 31, 2024990$439,152$427,847$11,305$117,926$21,893$96,033
December 31, 2023990$377,700$454,039-$76,339$84,728$0$84,728
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$333,806
Program service revenue
$73,120
Investment income
$75
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$192,424
Other salaries and wages
$42,575
Salaries, compensation and benefits (total)
$275,453
Professional fundraising fees
$0
Accounting fees
$12,076
Occupancy
$84,845
Travel
$3,921
Depreciation
$3,563
Program services (functional)
$304,284
Management and general (functional)
$164,688

Balance sheet and other

Total assets, start of year
$117,926
Total assets, end of year
$335,569
Total liabilities, end of year
$301,507
Net assets, end of year
$34,062
Land, buildings and equipment
$4,920
Gross receipts
$407,001
Employees
8
Volunteers
3
Year formed
2011
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Nichole MorganFounder, CEO
Officer
40$99,846$6,484
Clarence Morgan IIIFounder, COO
Officer
40$82,346$10,541
Wanda LassiterBoard Treasurer
Trustee or director, Officer
2$0$0
Elliot BrodyBoard Member
Trustee or director
2$0$0
Rafik KeithBoard Chair
Trustee or director, Officer
2$0$0
Bree CarnesBoard Member
Trustee or director
2$0$0
990 for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensationOther / benefits
Nichole MorganFounder, CEO
Officer
40$83,904$3,342
Clarence Morgan IIIFounder, COO
Officer
40$69,583$11,435
Wanda LassiterBoard Treasurer
Trustee or director, Officer
2$0$0
Elliot BrodyBoard Member
Trustee or director
2$0$0
Rafik KeithBoard Chair
Trustee or director, Officer
2$0$0
Bree CarnesBoard Member
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
NICHOLE MORGANFOUNDER, CEO
Officer
40$95,000$11,422
CLARENCE MORGAN IIIFOUNDER, COO
Officer
40$80,000$8,299
WANDA LASSITERBOARD TREASURER
Trustee or director, Officer
1$0$0
ELLIOT BRODYBOARD MEMBER
Trustee or director
1.5$0$0
RAFIK KEITHBOARD CHAIR
Trustee or director, Officer
1$0$0
BREE CARNESBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 40277, RALEIGH, NC 27629-0277
Principal officer (990 for 2025)
Clarence Morgan III, 410 Glenwood Ave Suite 170, Raleigh, NC 27603
Signed the 990
Clarence Morgan III, President
Phone
(919) 812-5222
990-N for 2016 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Clarence A Morgan III, 5935 Carmel Lane, Raleigh NC 27609. Mailing address: 5935 Carmel Lane, Raleigh NC 27609. Website: www.thegiftedarts.org
Return prepared by
Rukosky Wapner and Presley LLC

Mission

Our Mission is to transform the lives of youth through culturally responsive art and dismanlting systems of oppression with and through our art We envision a world where young people have the tools they need to successfully navigate life obstacles and ultimately embrace their gifts and purpose.

990 for the year ended December 31, 2025

Program accomplishments

  • Giftedacademy - A signature year-round program where 205 students explore dance, Theater, Fashion, Spoken-word, and Music programming. TGA produced a number of different events tha reached 4,890 audience members
    Expenses $30,070 · grants $26,295 · revenue $37,645
  • Giftedsummer - A Unique, Ful-Day, Five-week cultural performing arts camp for rising 3rd-10th grade students interested in exploring the performance arts world, with daily educational project-based recreational activities throughout the summer
    Expenses $3,107 · revenue $11,040
  • Other program expense
    Expenses $271,107 · revenue $3,835

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-2650004
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$335,569
Income (IRS master file)
$407,001

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$407,001$468,972$335,569IRS
990December 2024$439,152$427,847$117,926XML
990December 2023$377,700$454,039$84,728XML
990December 2022$455,112$332,750$161,067IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-N for 2016
Officer: Clarence A Morgan III
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2016≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2650004).

Questions about THEGIFTED ARTS INC

What is the EIN of THEGIFTED ARTS INC?
The employer identification number (EIN) of THEGIFTED ARTS INC is 45-2650004.
Is THEGIFTED ARTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to THEGIFTED ARTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THEGIFTED ARTS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THEGIFTED ARTS INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THEGIFTED ARTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of THEGIFTED ARTS INC?
The 990 for the year ended December 31, 2025 names Clarence Morgan III.
Who are the officers and directors of THEGIFTED ARTS INC?
The 990 for the year ended December 31, 2025 lists 6 people; 2 received compensation from the organization, the highest $99,846 (Nichole Morgan, Founder, CEO).
How much revenue does THEGIFTED ARTS INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $407,001, expenses of $468,972 and total assets of $335,569 at year end.

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