Nonprofit · EIN 56-6073681
THE RALEIGH FINE ARTS SOCIETY INC
Tax-exempt · RALEIGH, NC 27605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $381,054 | $576,282 | -$195,228 | $2,482,209 | $1,467 | $2,480,742 |
| June 30, 2024 | 990 | $292,533 | $285,273 | $7,260 | $2,604,072 | $4,693 | $2,599,379 |
| June 30, 2023 | 990 | $269,963 | $266,532 | $3,431 | $2,416,434 | $73 | $2,416,361 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $122,850
- Membership dues
- $38,850
- Program service revenue
- $75,176
- Investment income
- $183,028
- Net gain from sales of assets
- $75,400
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,912
- Accounting fees
- $10,000
- Program services (functional)
- $456,027
- Management and general (functional)
- $120,255
Balance sheet and other
- Total assets, start of year
- $2,604,072
- Total assets, end of year
- $2,482,209
- Total liabilities, end of year
- $1,467
- Net assets, end of year
- $2,480,742
- Publicly traded securities
- $2,281,609
- Net assets without donor restrictions
- $2,480,742
- Gross receipts
- $381,054
- Employees
- 0
- Volunteers
- 125
- Year formed
- 1965
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASTRA BALL | VP-PROJECTS Trustee or director, Officer | 12 | $0 |
| LIZA WILLIAMS | PRESIDENT-ELECT Trustee or director | 35 | $0 |
| GRAHAM SATISKY | PRESIDENT Trustee or director, Officer | 40 | $0 |
| MARGARET DOUGLAS | VP-PROGRAMS Trustee or director, Officer | 1.5 | $0 |
| COOPER BRATTON | VP-MEMBER SERVICES Trustee or director, Officer | 1 | $0 |
| CAROLINE RUSSELL | VP-COMMUNITY LIAISONS Trustee or director, Officer | 1 | $0 |
| MARTY PETERSON | VP-COMMUNICATIONS Trustee or director, Officer | 3.5 | $0 |
| ELIZABETH DIXON | RECORDING SECRETARY Trustee or director, Officer | 2.5 | $0 |
| MIG HARDY | TREASURER Trustee or director, Officer | 10 | $0 |
| JENNIFER ELAM | TREASURER-ELECT Trustee or director | 6 | $0 |
| LYN MANESS | IMMEDIATE PAST PRESIDENT Trustee or director | 12 | $0 |
| CAROL LYNN FOSTER | DIRECTOR Trustee or director | 1 | $0 |
| JAN WOODARD | DIRECTOR Trustee or director | 1 | $0 |
| MARJORIE HODGES | DIRECTOR Trustee or director | 1 | $0 |
| NANCY KENNA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHANCY KAPP | PRESIDENT Trustee or director, Officer | 40 | $0 |
| LYN MANESS | PRESIDENT-ELECT Trustee or director | 35 | $0 |
| GRAHAM SATISKY | VP-PROJECTS Trustee or director, Officer | 12 | $0 |
| ANNE ALLEN | VP-PROGRAMS Trustee or director, Officer | 1.5 | $0 |
| LEE CROSBY | VP-MEMBER SERVICES Trustee or director, Officer | 1 | $0 |
| CAROLE WILSON | VP-COMMUNITY LIAISONS Trustee or director, Officer | 1 | $0 |
| JESMA REYNOLDS | VP-COMMUNICATIONS Trustee or director, Officer | 3.5 | $0 |
| PERRI ANDERSON | RECORDING SECRETARY Trustee or director, Officer | 2.5 | $0 |
| KELLY BURKHARDT | TREASURER Trustee or director, Officer | 10 | $0 |
| SALLIE GRUBB | TREASURER-ELECT Trustee or director | 6 | $0 |
| MELANIE RANKIN | IMMEDIATE PAST PRESIDENT Trustee or director | 12 | $0 |
| ELIZABETH BEAM | DIRECTOR Trustee or director | 1 | $0 |
| TERESA DANIELS | DIRECTOR Trustee or director | 1 | $0 |
| PEGGY WILKS | DIRECTOR Trustee or director | 1 | $0 |
| MARION DEERHAKE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELANIE RANKING | PRESIDENT Trustee or director, Officer | 40 | $0 |
| CHANCY KAPP | PRESIDENT-ELECT Trustee or director, Officer | 35 | $0 |
| VICKI HARE | VP-PROJECTS Trustee or director, Officer | 12 | $0 |
| LIZA WILLIAMS | VP-PROGRAMS Trustee or director, Officer | 1.5 | $0 |
| LAURIE BARTON | VP-MEMBER SERVICES Trustee or director, Officer | 1 | $0 |
| CC PARKER | VP-COMMUNITY LIAISONS Trustee or director, Officer | 1 | $0 |
| SUSAN GARITY | VP-COMMUNICATIONS Trustee or director, Officer | 3.5 | $0 |
| JOY SLOAN | SECRETARY Trustee or director, Officer | 2.5 | $0 |
| KELLY BURKHARDT | TREASURER Trustee or director, Officer | 10 | $0 |
| RUTHIE CAMP | TREASURER-ELECT Trustee or director, Officer | 6 | $0 |
| JAN WOODARD | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 12 | $0 |
| CAROLE ANDERS | DIRECTOR Trustee or director | 1 | $0 |
| NANCY ANDREWS | DIRECTOR Trustee or director | 0.5 | $0 |
| ELIZABETH BEAM | DIRECTOR Trustee or director | 1.2 | $0 |
| TERESA DANIELS | DIRECTOR Trustee or director | 0.25 | $0 |
| ANNE ALLEN | DIRECTOR Trustee or director | 1 | $0 |
| CAROLINE RUSSELL | DIRECTOR Trustee or director | 3 | $0 |
| SYDNOR PRESNELL | DIRECTOR Trustee or director | 20 | $0 |
| WALTYE RASULATA | DIRECTOR Trustee or director | 3.5 | $0 |
| MARGARET DICKSON | DIRECTOR Trustee or director | 10 | $0 |
| MARGARET DOUGLAS | DIRECTOR Trustee or director | 2 | $0 |
| JILL GAMMON | DIRECTOR Trustee or director | 4.75 | $0 |
| JUNE WILLLIAMS | DIRECTOR Trustee or director | 1.25 | $0 |
| SHARON NICHOLSON | DIRECTOR Trustee or director | 2 | $0 |
| ELIZABETH PURRINGTON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10614, RALEIGH, NC 27605-0614
- Principal officer (990 for 2024)
- MARGUERITE HARDY, PO BOX 10614, RALEIGH, NC 27605
- Signed the 990
- MARGUERITE HARDY, TREASURER
- Phone
- (919) 781-7119
- Website
- RALFINEARTS.ORG
- Return prepared by
- BATCHELOR TILLERY & ROBERTS LLP
Mission
TO CULTIVATE, PRODUCE AND ENGAGE IN THE ARTS AND CREATE A FLOURISHING ARTS COMMUNITY.
Program accomplishments
- THE CHORAL CELEBRATION ALLOWS ELEMENTARY SCHOOL STUDENTS THE OPPORTUNITY TO PERFORM IN PUBLIC VENUES AND TO BE CRITIQUED BY ADJUDICATORS. THE SOCIETY HAD 11 PARTICIPATING SCHOOLS, INCLUDING 2 NEW SCHOOLS. OVER 500 STUDENTS WERE INVOLVED IN THIS TWO-NIGHT EVENT AND OVER 1,800 PEOPLE ATTENDED (INCLUDING THE STUDENTS).Expenses $42,980
- THE ARTISTS' EXHIBITION IS AN ANNUAL STATEWIDE EVENT THAT OFFERS ARTISTS AN OPPORTUNITY TO PRESENT THEIR WORK AND BE JURIED BY A RENOWNED ART PROFESSIONAL. THE EXHIBIT FEATURED 57 ARTISTS AND 58 WORKS FROM 420 ARTISTS WHO APPLIED FROM ALL OVER NORTH CAROLINA.Expenses $85,648 · revenue $17,330
- THE LITERARY CONTEST IS OPEN TO STUDENTS IN WAKE COUNTY, PUBLIC OR PRIVATE. STUDENTS PRESENT A SPOKEN WORD CREATION, AND WINNERS ARE CHOSEN BY A NOTED SPOKEN WORD ARTIST. WINNERS PRESENT THEIR WORKS AT AN AWARDS CEREMONY, AND CASH PRIZES ARE GIVEN.Expenses $20,739
- THE SOCIETY HAS VARIOUS OTHER PROGRAMS AND SERVICES WHICH ENCOURAGE INVOLVEMENT IN AND PROMOTION OF FINE ARTS IN THE COMMUNITY.Expenses $306,660 · revenue $57,846
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-6073681
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1966
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,482,209
- Income (IRS master file)
- $381,054
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $381,054 | $576,282 | $2,482,209 | XML |
| 990 | June 2024 | $292,533 | $285,273 | $2,604,072 | XML |
| 990 | June 2023 | $269,963 | $266,532 | $2,416,434 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
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 56-6073681).
Questions about THE RALEIGH FINE ARTS SOCIETY INC
- What is the EIN of THE RALEIGH FINE ARTS SOCIETY INC?
- The employer identification number (EIN) of THE RALEIGH FINE ARTS SOCIETY INC is 56-6073681.
- Is THE RALEIGH FINE ARTS SOCIETY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to THE RALEIGH FINE ARTS SOCIETY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE RALEIGH FINE ARTS SOCIETY 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 THE RALEIGH FINE ARTS SOCIETY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE RALEIGH FINE ARTS SOCIETY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE RALEIGH FINE ARTS SOCIETY INC?
- The 990 for the year ended June 30, 2025 names MARGUERITE HARDY.
- Who are the officers and directors of THE RALEIGH FINE ARTS SOCIETY INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does THE RALEIGH FINE ARTS SOCIETY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $381,054, expenses of $576,282 and total assets of $2,482,209 at year end.
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