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Thegifted Arts Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Arts, Cultural Organizations - Multipurpose (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$439k (2024)

Expenses
$428k (2024)

Total Assets
$118k (2024)

Total Liabilities
$21.9k (2024)

Source: Form 990 tax filings from 2017 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$439,152
Expenses
$427,847
Net Income
$11,305
Net Assets
$96,033
Notable Sources of Revenue Percent of Total Revenue
Contributions $383,943
87.4%
Program Services $55,209
12.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $153,488
35.9%
Professional Fundraising Fees $0
Other Salaries and Wages $83,344
19.5%
Assets/Debt
Total Assets $117,926
Total Liabilities $21,893
Net Assets $96,033
Compensation
Key Employees and Officers Compensation Related Other
Nichole Morgan (Founder, Ceo) $83,904 $0 $3,342
Clarence Morgan Iii (Founder, Coo) $69,583 $0 $11,435
Wanda Lassiter (Board Treasurer) $0 $0 $0
Elliot Brody (Board Member) $0 $0 $0
Rafik Keith (Board Chair) $0 $0 $0
Bree Carnes (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$377,700
Expenses
$454,039
Net Income
-$76,339
Net Assets
$84,728
Notable Sources of Revenue Percent of Total Revenue
Contributions $313,366
83.0%
Program Services $64,334
17.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $194,721
42.9%
Professional Fundraising Fees $0
Other Salaries and Wages $86,290
19.0%
Assets/Debt
Total Assets $84,728
Total Liabilities $0
Net Assets $84,728
Compensation
Key Employees and Officers Compensation Related Other
Nichole Morgan (Founder, Ceo) $95,000 $0 $11,422
Clarence Morgan Iii (Founder, Coo) $80,000 $0 $8,299
Wanda Lassiter (Board Treasurer) $0 $0 $0
Elliot Brody (Board Member) $0 $0 $0
Rafik Keith (Board Chair) $0 $0 $0
Bree Carnes (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$455,112
Expenses
$332,750
Net Income
$122,362
Net Assets
$161,067
Notable Sources of Revenue Percent of Total Revenue
Contributions $414,695
91.1%
Program Services $40,417
8.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $139,140
41.8%
Professional Fundraising Fees $0
Other Salaries and Wages $55,817
16.8%
Assets/Debt
Total Assets $161,067
Total Liabilities $0
Net Assets $161,067
Compensation
Key Employees and Officers Compensation Related Other
Nichole Morgan (Founder, Ceo) $76,786 $0 $0
Clarence Morgan Iii (Founder, Coo) $62,354 $0 $0
Wanda Lassiter (Board Treasurer) $0 $0 $0
Elliot Brody (Board Member) $0 $0 $0
Rafik Keith (Board Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$220,376
Expenses
$254,448
Net Income
-$34,072
Net Assets
$38,705
Notable Sources of Revenue Percent of Total Revenue
Contributions $201,578
91.5%
Program Services $18,798
8.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $197,353
77.6%
Assets/Debt
Total Assets $38,705
Total Liabilities $0
Net Assets $38,705
Compensation
Key Employees and Officers Compensation Related Other
Nichole Morgan (Founder, Coo) $74,990 $0 $0
Clarence Morgan Iii (Founder, Coo) $59,980 $0 $0
Latisha Carnes (Board Secretary & Program Director) $17,907 $0 $0
Kathleen Yuska (Board Treasurer) $0 $0 $0
Christine Vance (Board Member) $0 $0 $0
Stanley Davis (Board Chair) $0 $0 $0
Wanda Lassiter (Board Member) $0 $0 $0
Rafik Keith (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$189,444
Expenses
$146,610
Net Income
$42,834
Net Assets
$72,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $172,589
91.1%
Program Services $16,271
8.6%
Investment Income $0
Net Fundraising $584
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $72,777
Total Liabilities $0
Net Assets $72,777
Compensation
Key Employees and Officers Compensation Other
Nichole Morgan (Founder, Ceo) $42,500 $0
Clarence Morgan Iii (Founder, Coo) $28,800 $0
Christine Vance (Board Member) $0 $0
Kathleen Yuska (Board Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$123,489
Expenses
$114,633
Net Income
$8,856
Net Assets
$29,943
Notable Sources of Revenue Percent of Total Revenue
Contributions $97,434
78.9%
Program Services $25,266
20.5%
Investment Income $0
Net Fundraising $789
0.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $29,943
Total Liabilities $0
Net Assets $29,943
Compensation
Key Employees and Officers Compensation Other
Nichole Morgan (Founder, Ceo) $36,000 $0
Clarence Morgan Iii (Founder, Coo) $11,750 $0
Tisha Carnes (Board Secretary/Program Manager) $2,370 $0
Rafik Keith (Board Member) $0 $0
Christine Vance (Board Member) $0 $0
Kathleen Yuska (Board Member) $0 $0
Stanley Davis (Board Chair) $0 $0
Wanda Lassiter (Board Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$83,207
Expenses
$61,987
Net Income
$21,220
Net Assets
$21,087
Notable Sources of Revenue Percent of Total Revenue
Contributions $65,379
78.6%
Program Services $14,822
17.8%
Investment Income $0
Net Fundraising $3,006
3.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $26,028
Total Liabilities $4,941
Net Assets $21,087
Compensation
Key Employees and Officers Compensation Other
Stanley Davis (Board Chair) $0 $0
Wanda Lassiter (Board Treasurer) $0 $0
Tisha Carnes (Board Secretary) $0 $0
Rafik Keith (Board Member) $0 $0
Christine Vance (Board Member) $0 $0
Kathleen Yuska (Board Member) $0 $0
Nichole Morgan (Founder, Ceo) $0 $0
Clarence Morgan Iii (Founder, Coo) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$35,744
Expenses
$29,376
Net Income
$6,368
Net Assets
$1,735
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,116
39.5%
Program Services $17,223
48.2%
Investment Income $0
Net Fundraising $2,933
8.2%
Sales of Assets $0
Net Inventory Sales $1,472
4.1%
Other Revenue $0
Assets/Debt
Total Assets $6,173
Total Liabilities $4,438
Net Assets $1,735

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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