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 5 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 28.6% per year over the past 5 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
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Corson Chair | OfficerTrustee | 2 | $0 |
Phil Neuberg Vice Chair | OfficerTrustee | 2 | $0 |
Tom Mccaughey Treasurer | OfficerTrustee | 2 | $0 |
Amy Boesky Secretary | OfficerTrustee | 2 | $0 |
Jill Amato Trustee | Trustee | 1 | $0 |
Kathryn Brickner Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,164,653 |
| 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 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 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 | $0 |
| 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 |
| 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 |
| Total liabilities and net assets/fund balances | $482,614 |