Nonprofit · EIN 90-0636941
AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC
Tax-exempt (reinstated) · RALEIGH, NC 27601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $416,771 | $459,189 | -$42,418 | $1,773 | $629 | $1,144 |
| December 31, 2023 | 990 | $416,625 | $387,307 | $29,318 | $92,272 | $8,832 | $83,440 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $318,928
- of which government grants
- $236,298
- Program service revenue
- $97,843
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $150,143
- Salaries, compensation and benefits (total)
- $160,636
- Professional fundraising fees
- $0
- Occupancy
- $8,399
- Travel
- $25
- Program services (functional)
- $367,198
- Management and general (functional)
- $91,991
Balance sheet and other
- Total assets, start of year
- $52,394
- Total assets, end of year
- $1,773
- Total liabilities, end of year
- $629
- Net assets, end of year
- $1,144
- Net assets without donor restrictions
- -$8,090
- Net assets with donor restrictions
- $9,234
- Gross receipts
- $416,771
- Employees
- 3
- Year formed
- 2009
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Bethea-Lewis | Chair Officer | 6 | $0 |
| Dr Deborah Royals Mizerk | Member Officer | 1 | $0 |
| Tori Darensburg | Secretary Officer | 2 | $0 |
| Anthony Pope | Member Officer | 1 | $0 |
| Donna Harris | Member Officer | 1 | $0 |
| Allen Mason | Vice Chair Officer | 2.5 | $0 |
| Pierre Olds | Treasurer Officer | 2 | $0 |
| Cheniqua Lassiter | Member Officer | 1 | $0 |
| Ayana Simons | Member Officer | 1 | $0 |
| Marcus Farrar | Member Officer | 1 | $0 |
| Damion McCullers | Member Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Bethea-Lewis | Chair Officer | 6 | $0 |
| Dr Deborah Royals Mizerk | Member Officer | 1 | $0 |
| Tori Darensburg | Secretary Officer | 2 | $0 |
| Anthony Pope | Member Officer | 1 | $0 |
| Donna Harris | Member Officer | 1 | $0 |
| Allen Mason | Vice Chair Officer | 2.5 | $0 |
| Pierre Olds | Treasurer Officer | 2 | $0 |
| Cheniqua Lassiter | Member Officer | 1 | $0 |
| Ayana Simons | Member Officer | 1 | $0 |
| Marcus Farrar | Member Officer | 1 | $0 |
| Damion McCullers | Member Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5 W HARGETT ST, RALEIGH, NC 27601-1357
- In care of
- % GRADY BUSSEY
- Principal officer (990 for 2024)
- Pamela Smith, 5 West Hargett Street STE 702, Raleigh, NC 27601
- Signed the 990
- Pamela Smith, Executive DirectorCEO
- Website
- aacfestival.org
- Return prepared by
- Rebekah Barr CPA PC
Mission
To promote, preserve and celebrate African American cultural and heritage through artistic expression and education culminating in a cultural festival held in downtown Raleigh, see schdule O for more info.
Program accomplishments
- Organized, planned and executed a two day free cultural festival in Raleigh, NC attended by approximately fifty thousand people. The purpose is to create, educate and provide a sense of pride, empowerment and community among attendees. The event encourages community involvement and volunteerism engaging over two-hundered volunteers working in partnership with the staff and event organizers. Programming includes cultural arts performances, dance, storytelling, drama and spoken word.Expenses $367,198
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 90-0636941
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $1,773
- Income (IRS master file)
- $416,771
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $416,771 | $459,189 | $1,773 | XML |
| 990 | December 2023 | $416,625 | $387,307 | $92,272 | XML |
| 990 | December 2022 | $319,571 | $280,253 | $54,122 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 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 90-0636941).
Questions about AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC
- What is the EIN of AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC?
- The employer identification number (EIN) of AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC is 90-0636941.
- Is AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY 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 AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC?
- The 990 for the year ended December 31, 2024 names Pamela Smith.
- Who are the officers and directors of AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does AFRICAN AMERICAN CULTURAL FESTIVAL OF RALEIGH WAKE COUNTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $416,771, expenses of $459,189 and total assets of $1,773 at year end.
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