Pentangle
- Assets
- $525.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Woodstock, VT
- Founding
- 09/1975
- Data as of
- 06/2022
- EIN
- 03-0237947
Organization Overview
Pentangle is located in Woodstock, VT. The organization was established in 1975. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Pentangle employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pentangle is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pentangle generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO PROVIDING HIGH QUALITY, AFFORADABLE ARTS PROGRAMMING, INCLUDING MOVIES, THEATER, YOUTH ENRICHMENT AND CONCERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENTANGLE ARTS, FOUNDED IN 1974 IS A NONPROFIT ORGANIZATION DEDICATED TO PROVIDING HIGH QUALITY, AFFORDABLE ARTS PROGRAMMING FOR AREA RESIDENTS AND VISITORS ALIKE. IT PRESENTS MOVIES, THEATER, YOUTH ENRICHMENT AND CONCERTS THROUGHOUT THE YEAR. PENTANGLE INSPIRES THE COMMUNITY WITH PERFORMANCES BY WORLD CLASS ARTISTS, FROM AROUND THE CORNER AND AROUND THE WORLD. RECENT THEATRICAL PRODUCTIONS HAVE INCLUDED FIDDLER ON THE ROOF, CATS, AND CABARET (IN COLLABORATION WITH ARTISTREE) THE WIZARD OF OZ, THE ROCKY HORROR SHOW, AND HAIR. EVENTS AND PERFORMANCES ARE ATTENDED BY AS MANY AS 5,000 RESIDENTS, AND UP TO 7,000+ VISITORS ANNUALLY. PENTANGLE IS AN INTEGRAL PARTNER IN COMMUNITY-WIDE CULTURAL EVENTS SUCH AS WOODSTOCK'S WASSAIL WEEKEND AND THE VERMONT SYMPHONY ORCHESTRA CONCERTS IN SUMMER FESTIVAL TOUR
TOWN HALL THEATRE - PENTANGLE MANAGES THE HISTORIC WOODSTOCK TOWN HALL THEATRE, WHERE IT SCREENS FIRST RUN MOVIES ON THE LARGEST SCREEN AND BEST SOUND SYSTEM IN THE REGION. IN ADDITION TO FEATURE FILMS, PENTANGLE SCREENS TOPICAL AND HISTORIC DOCUMENTARIES AND REGIONAL FILM DEBUTS.
YOUTH IN ARTS - PENTANGLE'S ARTS IN EDUCATION PROGRAM, ONE OF THE OLDEST IN VERMONT, ENRICHES THE LIVES OF THOUSANDS OF STUDENTS OF ALL AGES THROUGH PERFORMANCES, ARTIST RESIDENCIES, CAMPS AND AFTER SCHOOL PROGRAMS.
IN 2020 PENTANGLE COUNCIL ON THE ARTS PARTNERED WITH THE TOWN OF WOODSTOCK, VERMONT TO BEGIN RAISING FUNDS FOR THE WOODSTOCK TOWN HALL REJUVENATION PROJECT (THE CAMPAIGN TO SAVE TOWN HALL) , AS THE TOWN HALL INCLUDES BOTH THE THEATER AND TOWN OFFICES. BOTH PENTANGLE AND THE TOWN WERE COLLECTING DONATIONS FOR THE CAMPAIGN TO SAVE TOWN HALL. DONATIONS TO PENTANGLE, DIRECTED TO THE CAMPAIGN TO SAVE TOWN HALL, WERE DEPOSITED IN PENTANGLE'S DESIGNATED CAMPAIGN ACCOUNT, THEN TRANSFERRED TO THE TOWN OF WOODSTOCK'S DEDICATED CAMPAIGN ACCOUNT. IN NOVEMBER 2021 THE LEADERSHIP TEAM DIRECTING THE CAMPAIGN TO SAVE TOWN HALL WAS DISBANDED AT THE REQUEST OF THE TOWN SELECT BOARD AND ALL FUNDRAISING WAS SUSPENDED. IN DECEMBER 2021 THE CAMPAIGN WAS ABANDONED AND A NEW COMMITTEE WAS FORMED BY THE TOWN TO REVIEW WORK COMPLETED UP TO THAT POINT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Moore Trustee | Trustee | 4 | $13,338 |
Bill Corson Chair | OfficerTrustee | 2 | $0 |
Amy Boesky Secretary | OfficerTrustee | 2 | $0 |
Tom Mccaughey Treasurer | OfficerTrustee | 2 | $0 |
Phil Neuberg Vice Chair | OfficerTrustee | 2 | $0 |
Alita Wilson Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $939,399 |
| Noncash contributions included in lines 1a–1f | $425,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,164,653 |
| Total Program Service Revenue | $89,852 |
| Investment income | $2,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,904 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,266,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $878,559 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,964 |
| Compensation of current officers, directors, key employees. | $21,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,481 |
| Advertising and promotion | $11,018 |
| Office expenses | $10,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,113 |
| Travel | $4,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,817 |
| Insurance | $7,117 |
| All other expenses | $7,692 |
| Total functional expenses | $1,274,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,807 |
| Savings and temporary cash investments | $21,466 |
| Pledges and grants receivable | $79,800 |
| Accounts receivable, net | $10,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $923 |
| Prepaid expenses and deferred charges | $55,971 |
| Net Land, buildings, and equipment | $64,992 |
| Investments—publicly traded securities | $21,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $525,947 |
| Accounts payable and accrued expenses | $5,906 |
| Grants payable | $0 |
| Deferred revenue | $31,595 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,832 |
| Total liabilities | $43,333 |
| Net assets without donor restrictions | $330,314 |
| Net assets with donor restrictions | $152,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $525,947 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Pentangle has recieved totaling $159,902.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $75,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $52,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,690 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $10,000 |
Seelert Foundation Inc New Canaan, CT PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Palace Theatre Trust Manchester, NH | $12,127,067 | $4,561,211 |
Friends Of The Music Hall Portsmouth, NH | $11,111,524 | $6,060,196 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
Cabot Performing Arts Center Inc Beverly, MA | $9,302,777 | $5,349,464 |
Boston Center For The Arts Inc Boston, MA | $29,580,802 | $3,268,105 |
Sheas Oconnel Preservation Guild Ltd Buffalo, NY | $23,711,846 | $2,193,834 |
The Wang Center For The Performing Arts Inc Boston, MA | $34,395,056 | $6,359,659 |