| project development timeline

2018

the yadkin valley fiber center fiber arts program launch
craft school development study
2019

contract discussion & planning
fiber arts program expansion
artist studios available
2020

contract negotiations
planning & program development
project delays due to covid
2021

luthier violin program launch
purchase agreement signing
property sale closing
eidson temporary craft gallery opens
clayworks clay studio renovation
major system repairs begin (electric, roof, hvac); estimated building repair costs: $300,000
2022

facility shut down for new electric install
relocation of youth, luthier, and fiber arts programs
roof replacement main building
new HVAC systems installed throughout
2023

master weaving 1 & 2 curriculum development and launch
clayworks curriculum development and registration launch
the Wisdom Table gallery launch
new transformer arrival and installation
fire safety lighting installed throughout
2024

clay program launch
traditional woodworking curriculum development and registration launch
$114k worth of required repairs remaining to regain occupancy ($13,570 Sprinkler monitoring system, $100,000 electrical updates)
$120k donation made in late 2024 that will allow us to complete required repairs
2025

Installation of Sprinker monitoring system and remaining first and lower floor scheduled.
Clay and Traditional Woodworking scheduled to return to FAC with classes resuming in August.
General public welcomed back this September.
Grand reopening in conjunction with Light Up Elkin and our Makers Market on Dec. 5-6.
2026

program expansion
continued interior and exterior cosmetic improvements and repairs.
2027

50th anniversary celebration
begin securing state and federal matching funds in preparation of capital campaign to fully restore our historic building.
2028-2038

foothills theatre performing arts center development
visual arts center development
garden developed
museum development
endowment established

| organizational summary

Paid Project Expenses

Roof: $69,537
HVAC: $80,970
Electrical: $75,000
Facility Payments: $52,250
2x Air Quality Testing: $11,600
TOTAL: $289,357
Remaining Project Expenses

Fire Monitoring System: $13,570 (April 2025)
Electrical: (May-July 2025) $73,500
Air Quality Testing: (July 2025) $5,000
TOTAL: $92,070
Purchase Agreement

$500,000 Roth YMCA and 8 acres for parking and future development.
$50,000 down payment with $1 additional payments due annually through July 2026.
Plans in Action to Pay Off Note:
Agreement in progress to sell the upper floor of the building to become a children’s museum.
Children’s museum to split utility costs with FAC.
Currently nurturing a proposed gift from a FAC benefactor for up to $225,000.
If the combined actions do not pay off the note in its entirety, a mortgage will be obtained for any remaining balance.
Revenue Streams

Programmatic Income LFY: $46,0000 (net $9-$14k)
Affiliate Income LFY: $54,000 (net $4,000)
Studio Rentals: $18,000-$36,000 net based on occupancy
Combined Gallery Sales: $14,000 (net $4,200)
Events Income TFY: $18,000 (net $11,000)
Grant Income LFY: $47,500
Donations LFY: $52,000
Current Fiscal Year At-a-Glance
Income: $216,167
Expense: $108,415
NET: $89,915
Get Involved

Our board typically meets on the third Tuesday of each month (except December).
If you have questions, concerns, or proposals and would like to be added to an upcoming meeting agenda, please email info@foothillsarts.org
Visitors are allowed 5 minutes to speak.
Interested in teaching, volunteering, or joining our board? email info@foothillsarts.org