Performing Arts Foundation Inc
- Assets
- $4.4m
- Revenue
- $471.4k
- Investments
- $4.2m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1964
- Data as of
- 08/2022
- EIN
- 13-6149781
Organization Overview
Performing Arts Foundation Inc is located in Philadelphia, PA. The organization was established in 1964. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performing Arts Foundation Inc 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 08/2022, Performing Arts Foundation Inc generated $471.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $312.4k during the year ending 08/2022. While expenses have increased by 0.9% per year over the past 6 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.
Since 2015, Performing Arts Foundation Inc has awarded 741 individual grants totaling $1,737,069. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie L Rottenberg Director | 0 | $0 | |
Daniel Rottenberg President/ch | 0 | $0 | |
Barbara R Rottenberg Vice Preside | 0 | $0 | |
Lisa R Yellin Director | 0 | $0 | |
Sharon Trulock Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $147 |
| Dividends & Interest | $149,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $281,798 |
| Capital Gain Net Income | $281,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,641 |
| Total Revenue | $471,367 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,219 |
| Depreciation | $0 |
| Occupancy | $10,485 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,418 |
| Total operating and administrative expenses | $100,809 |
| Contributions, gifts, grants paid | $211,560 |
| Total expenses and disbursements | $312,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,338 |
| Savings and temporary cash investments | $239,911 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,372,138 |
| Net Land, buildings, and equipment | $17,600 |
| Other assets | $0 |
| Total assets | $4,424,186 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Performing Arts Foundation Inc has awarded $211,560 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
BROAD STREET REVIEW PURPOSE: SUPPORT AND ASSISTANCE | $75,037 |
MACJANNET FOUNDATION PURPOSE: SUPPORT AND ASSISTANCE | $24,918 |
TIFERET CENTER PURPOSE: SUPPORT AND ASSISTANCE | $22,000 |
New York, NY PURPOSE: SUPPORT AND ASSISTANCE | $13,400 |
Portland, IN PURPOSE: SUPPORT AND ASSISTANCE | $11,000 |
ROOT QUARTERLY PURPOSE: SUPPORT AND ASSISTANCE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |