The Durham Arts Council Endowment Fund

Durham, NC
Tax-exempt since Nov. 1993
EIN: 56-1826969

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$42.6k (2024)

Expenses

$37k (2024)

Total Assets

$745k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 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 June
2024

Revenue

$42,630

Expenses

$37,003

Net Income

$5,627

Net Assets

$744,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$7,950	18.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$34,680	81.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$744,842
Total Liabilities	$0
Net Assets	$744,842

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen Hancock (Board Chair)	$0	$0	$0
Kay Gresham (Secretary/Treasurer)	$0	$0	$0
Virginia Bowman (Assistant Secretary)	$0	$0	$0
Barker French (Assistant Secretary)	$0	$0	$0
Michael Schoenfeld (Assistant Secretary (Thru 7/23))	$0	$0	$0
Laura Virkler (Assistant Secretary)	$0	$0	$0

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990

Filed on May 9, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending June
2023

Revenue

$42,164

Expenses

$40,723

Net Income

$1,441

Net Assets

$708,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$6,967	16.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$35,197	83.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$708,119
Total Liabilities	$0
Net Assets	$708,119

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen E Hancock (Board Chair)	$0	$0	$0
Kay P Gresham (Secretary/Treasurer)	$0	$0	$0
Virginia R Bowman (Assistant Secretary)	$0	$0	$0
Michael Schoenfeld (Assistant Secretary)	$0	$0	$0
Barker French (Trustee)	$0	$0	$0

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990

Filed on March 21, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$49,544

Expenses

$41,859

Net Income

$7,685

Net Assets

$684,567

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$14,924	30.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$34,620	69.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$684,567
Total Liabilities	$0
Net Assets	$684,567

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen E Hancock (Board Chair)	$0	$0	$0
Kay P Gresham (Secretary/Treasurer)	$0	$0	$0
Virginia R Bowman (Assistant Secretary)	$0	$0	$0
Michael Schoenfeld (Assistant Secretary)	$0	$0	$0
Barker French (Trustee)	$0	$0	$0

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990

Filed on May 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending June
2021

Revenue

$31,612

Expenses

$141,583

Net Income

-$109,971

Net Assets

$828,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$6,547	20.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$25,065	79.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$828,108
Total Liabilities	$0
Net Assets	$828,108

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen E Hancock (Board Chair)	$0	$0	$0
Kay P Gresham (Secretary/Treasurer)	$0	$0	$0
Virginia R Bowman (Assistant Secretary)	$0	$0	$0
Michael Schoenfeld (Assistant Secretary)	$0	$0	$0
Barker French (Trustee)	$0	$0	$0

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990

Filed on May 6, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending June
2020

Revenue

$15,130

Expenses

$40,636

Net Income

-$25,506

Net Assets

$735,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$9,153	60.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,977	39.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$735,016
Total Liabilities	$0
Net Assets	$735,016

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen E Hancock (Board Chair)	$0	$0	$0
Kay P Gresham (Secretary/Treasurer)	$0	$0	$0
Virginia R Bowman (Assistant Secretary)	$0	$0	$0
Michael Schoenfeld (Trustee)	$0	$0	$0
Barker French (Trustee)	$0	$0	$0

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990

Filed on May 6, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending June
2019

Revenue

$34,215

Expenses

$52,941

Net Income

-$18,726

Net Assets

$765,788

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$10,872	31.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$23,343	68.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$765,788
Total Liabilities	$0
Net Assets	$765,788

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen E Hancock (Board Chair)	$0	$0	$0
Kay P Gresham (Secretary/Treasurer)	$0	$0	$0
Virginia R Bowman (Assistant Secretary)	$0	$0	$0
Michael Schoenfeld (Trustee)	$0	$0	$0
Barker French (Trustee)	$0	$0	$0

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990

Filed on April 24, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$44,102

Expenses

$34,991

Net Income

$9,111

Net Assets

$782,543

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$121	0.3%
Program Services	$0
Investment Income	$11,692	26.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$32,289	73.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$782,543
Total Liabilities	$0
Net Assets	$782,543

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$21,621

Expenses

$39,357

Net Income

-$17,736

Net Assets

$749,193

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$9,077	42.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$12,544	58.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$749,193
Total Liabilities	$0
Net Assets	$749,193

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen E Hancock (Board Chair)	$0	$0	$0
Edwin J Walker Jr (Secretary/Treasurer)	$0	$0	$0
Kay P Gresham (Trustee)	$0	$0	$0
Thomas Mcguire (Trustee)	$0	$0	$0
Virginia R Bowman (Trustee)	$0	$0	$0

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990

Filed on May 11, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$8,122

Expenses

$35,030

Net Income

-$26,908

Net Assets

$690,081

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$5,561	68.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,561	31.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$690,081
Total Liabilities	$0
Net Assets	$690,081

Compensation

Key Employees and Officers	Compensation	Related	Other
Kay P Gresham (Trustee)	$0	$0	$0
Virginia R Bowman (Trustee)	$0	$0	$0
Stephen E Hancock (Board Chair)	$0	$0	$0
Thomas Mcguire (Trustee)	$0	$0	$0
Edwin J Walker Jr (Secretary/Treasurer)	$0	$0	$0

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990

Filed on May 12, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$48,375

Expenses

$40,894

Net Income

$7,481

Net Assets

$747,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$250	0.5%
Program Services	$0
Investment Income	$10,479	21.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$37,646	77.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$747,625
Total Liabilities	$0
Net Assets	$747,625

Compensation

Key Employees and Officers	Compensation	Related	Other
Kay P Gresham (Trustee)	$0	$0	$0
Virginia R Bowman (Trustee)	$0	$0	$0
Stephen E Hancock (Board Chair)	$0	$0	$0
Thomas Mcguire (Trustee)	$0	$0	$0
Edwin J Walker Jr (Secretary/Treasurer)	$0	$0	$0

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990

Filed on May 3, 2016

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Fiscal Year Ending June
2014

Revenue

$67,966

Expenses

$36,424

Net Income

$31,542

Net Assets

$780,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$6,881	10.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$61,085	89.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$780,107
Total Liabilities	$0
Net Assets	$780,107

Compensation

Key Employees and Officers	Compensation	Related	Other
Kay P Gresham (Trustee)	$0	$0	$0
Virginia R Bowman (Trustee)	$0	$0	$0
Thomas Mcguire (Trustee)	$0	$0	$0
Stephen E Hancock (Board Chair)	$0	$0	$0
Edwin J Walker Jr (Secretary/Treasurer)	$0	$0	$0

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990

Filed on March 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2013

Revenue

$109,376

Expenses

$33,284

Net Income

$76,092

Net Assets

$707,767

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,510	6.0%
Program Services	$0
Investment Income	$7,955	7.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$94,911	86.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$707,767
Total Liabilities	$0
Net Assets	$707,767

990

Filed on March 26, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$27,512

Expenses

$30,135

Net Income

-$2,623

Net Assets

$659,546

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$13,047	47.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$14,465	52.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$659,546
Total Liabilities	$0
Net Assets	$659,546

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$92,650

Expenses

$158,250

Net Income

-$65,600

Net Assets

$701,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$12,872	13.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$54,638	59.0%
Net Inventory Sales	$0
Other Revenue	$25,140	27.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$702,999
Total Liabilities	$1,250
Net Assets	$701,749

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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What Is This Data?

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

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Updated January 26, 2026

The Durham Arts Council Endowment Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $42.6k (2024)

Expenses $37k (2024)

Total Assets $745k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2023

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Compensation

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Fiscal Year Ending June 2022

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Compensation

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Fiscal Year Ending June 2021

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Fiscal Year Ending June 2020

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Compensation

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Fiscal Year Ending June 2019

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Compensation

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Fiscal Year Ending June 2018

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Fiscal Year Ending June 2017

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2016

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2015

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2014

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Revenue

$42.6k (2024)

Expenses

$37k (2024)

Total Assets

$745k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

Fiscal Year Ending June
2009

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2008

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2007

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2006

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2005

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2003

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2002