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During FY19-20, will <br />your organization <br />receive operational <br />support funding from <br />the North Carolina <br />Arts Council or the <br />North Carolina <br />Department of <br />Natural and Cultural <br />Resources? <br />No <br />Organization's EIN 263447555 <br />Organization <br />W ebsite <br />www.ncati.org <br />Authorizing Official's <br />Name <br />Bridget Pemberton-Smith <br />Authorizing Official's <br />Title <br />Executiv e Director <br />Authorizing Official's <br />Phone <br />9196052081 <br />Authorizing Official's <br />Email <br />bridgetpemsmith@gmail.com <br />Applicant Race W hite <br />Financial Overview <br />7ded4da0-6c15-4b5c-bc6c-ab675f368a0d.xlsx <br />Organizational Financial Statements <br />ProfitandLoss_FY19-20.pdf <br />ATI_2020_Budget-edited_1.pdf <br />Deficit/Surplus In recent years, the Art Therapy Institute (ATI) has experienced a <br />significant amount of growth. Our surplus from FY2018-2019 allowed <br />us to hire more staff. Our rev enue for the most recent fiscal year, FY <br />2019-2020, appears low compared to our expenses. Howev er, we did <br />acquire a Paycheck Protection Loan which is not counted as income <br />yet in Quickbooks because we hav e not yet applied for it to be <br />forgiv en. W e do anticipate that the full amount will be forgiv en. <br />Also, of note, ATI has just taken steps to change the organization's <br />fiscal year from January 1-December 31 to July 1-June 30. For that <br />reason, our proposed budget for the current year reflects our <br />prev ious fiscal year. Our board is on summer break and has not yet <br />adjusted the budget to reflect the new fiscal year. <br />DocuSign Envelope ID: 15BA7CC0-0FAE-4533-B157-F8F68CE2CBE6