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Authorizing Official's <br />Email <br />gbergrousso@gmail.com <br />Applicant Race W hite <br />Financial Overview <br />FinancialOv erv iew_Submittable.xlsx <br />Organizational Financial Statements <br />2022_Tax_Return_-_Frank_Gallery.pdf <br />Frank_Fiscal_Year_2025_Budget_Statement.docx <br />Frank_2024_Profit_and_Loss_YTD.pdf <br />Frank_2024_proposed_Budget.pdf <br />Frank_FY_2023_Financial_Statement.pdf <br />Deficit/Surplus Our 2023 expenses include our move from University Place to Carrboro and an <br />increase in rent by approximately $5000 a month. W e then had to engage with a <br />new community and settle in at our new location which took time hence the <br />negative outcome at the close of the fiscal year. Despite the deficit, we <br />maintained our commitment to core programs and artists. The budget reflects <br />continued investment in artist commissions, community events, and operational <br />necessities. As you can see, this years sales are considerably more robust than <br />2023 and indicate a path towards the gallery's future fiscal sustainability. <br />If the current or next <br />year budget <br />represents a 30% or <br />more change from the <br />year prior, please <br />explain why. <br />Please note our Deficit /Surplus comments. W e are expecting a considerable <br />donation through the Triangle Community Foundation, hence our match projection <br />for this grant. In addition we anticipate a 10% increase in our net profits from our <br />fall "Off The W all" Gala to be held on October 26. As you can see from our <br />financial statements last year we netted $30,000 at that event which went <br />towards our gallery director's salary. W e are a living wage establishment. W e <br />continue to expand our roster of local and regional artists. <br />Are you an entity of <br />UNC-Chapel Hill or <br />another unit of state <br />government? <br />No <br />PROJECT/PROGRAM <br />INFORMATION <br />Tell us about your project or program <br />Title of Grant Request Funding for FRANK Gallery's Youth Art Group outreach program from 7/1/ 24 <br />through 31/6/25 <br />Grant Amount <br />Requested <br />$5000 <br />Is the person in <br />charge of this program <br />or project different <br />from the Authorizing <br />Official? <br />Yes <br />Project Director Name Nerys Levy <br />Project Director Title FRANK Gallery Outreach Committee Chairperson <br />Docusign Envelope ID: CBE41939-719A-4696-9DEF-A5A8E3BD2E8B