The Center For The Performing Arts Inc
- Assets
- $11.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 90
- Location
- Carmel, IN
- Founding
- 12/2006
- Data as of
- 06/2021
- EIN
- 20-3901164
Organization Overview
The Center For The Performing Arts Inc is located in Carmel, IN. The organization was established in 2006. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Center For The Performing Arts Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For The Performing Arts 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 06/2021, Center For The Performing Arts Inc generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE AND INSPIRE THE CENTRAL INDIANA COMMUNITY THROUGH ENRICHING ARTS EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTISTIC PERFORMANCE: THE MISSION OF THE NONPROFIT CENTER FOR THE PERFORMING ARTS IS TO ENGAGE AND INSPIRE THE INDIANA COMMUNITY THROUGH ENRICHING ARTS EXPERIENCES. ITS CAMPUS INCLUDES A 1,500-SEAT CONCERT HALL, THE PALADIUM; A 500-SEAT THEATER, THE TARKINGTON; AND THE BLACK-BOX STUDIO THEATER. THE CENTER PRESENTS AND HOSTS HUNDREDS OF EVENTS EACH YEAR, INCLUDING THE CENTER PRESENTS PERFORMANCE SEASON, FEATURING THE BEST IN CLASSICAL, JAZZ, POP, ROCK, COUNTRY, COMEDY AND OTHER GENRES. THE CENTER IS HOME TO THE AFFILIATED GREAT AMERICAN SONGBOOK FOUNDATION AND PROVIDES SPACE AND SUPPORT SERVICES FOR SIX RESIDENT ARTS COMPANIES. SINCE OPENING IN 2011, THE CAMPUS HAS HOSTED MORE THAN 2,900 PERFORMANCES FOR OVER 1.2 MILION TICKETED PATRONS FROM ALL 92 COUNTIES IN INDIANA, ALL 50 STATES AND 30-PLUS NATIONS.
EDUCATION AND OUTREACH: THE CENTER SERVES THE COMMUNITY THROUGH A RANGE OF EDUCATIONAL EXPERIENCES AND OUTREACH EVENTS, INCLUDING MUSIC AND DANCE CLASSES, INTERNSHIPS, CAMPUS TOURS, MASTERCLASSES, CLINICS, EXCLUSIVE ARTIST Q&A SESSIONS FOR STUDENTS, THE PEANUT BUTTER & JAM PRESCHOOL PERFORMANCE SERIES, THE PALADIUM BOOKIES READING CLUB, THE LUMINARIES WEEKDAY SPEAKER SERIES AND THE NEW WORKS ARTIST COMMISSION PROGRAM. IN RESPONSE TO THE GLOBAL PANDEMIC, THE CENTER HAS INVESTED IN DIGITAL STREAMING TECHNOLOGY AND HAS MADE MUCH OF ITS ARTISTIC AND EDUCATIONAL PROGRAMMING AVAILABLE ONLINE TO AUDIENCES WORLDWIDE. THE PERMANENTLY AFFILIATED GREAT AMERICAN SONGBOOK FOUNDATION WAS FOUNDED IN 2007 BY PERFORMER AND PRESERVATIONIST MICHAEL FEINSTEIN WITH A MISSION TO INSPIRE AND EDUCATE BY CELEBRATING THE GREAT AMERICAN SONGBOOK. THE FOUNDATION IS HOME TO A PUBLIC EXHIBIT GALLERY AND THE VAST SONGBOOK LIBRARY & ARCHIVES, WHICH PRESERVES ARTIFACTS, ARRANGEMENTS, CORRESPONDENCE AND OTHER MATERIALS FROM THE PERSONAL COLLECTIONS OF COMPOSERS, PERFORMERS AND OTHER FIGURES FROM THE 20TH CENTURY FOUNDATIONAL ERA OF AMERICAN POPULAR MUSIC. EACH YEAR THE FOUNDATION CONDUCTS THE SONGBOOK ACADEMY SUMMER INTENSIVE, A LEADING NATIONAL PROGRAM FOR HIGH SCHOOL SINGERS THAT IS DEDICATED TO THE MUSIC OF THE SONGBOOK. THE FOUNDATION ALSO RECOGNIZES LIFETIME ACHIEVEMENT IN SUPPORT OF THE SONGBOOK BY INDUCTING SONGWRITERS, SINGERS AND OTHER ARTISTS INTO THE GREAT AMERICAN SONGBOOK HALL OF FAME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zak Khan Chairman | OfficerTrustee | 5 | $0 |
Melissa Stapleton Barnes Past Chairman | OfficerTrustee | 2 | $0 |
Barbara Branic Vice Chairman | OfficerTrustee | 5 | $0 |
Cheryl Harmon Treasurer | OfficerTrustee | 5 | $0 |
Anne Hensley Poindexter Secretary | OfficerTrustee | 5 | $0 |
James Anderson Jr MD Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Terwillker Ltd Performances/events/artistic Direction | 6/29/22 | $675,000 |
Marquis Commercial Solutions Inc Cleaning Services | 6/29/22 | $416,116 |
Live Nation Worldwide Inc Artist Fees/artist Booking Services | 6/29/22 | $273,536 |
John Legend Touring Inc Artist Fees/artist Booking Services | 6/29/22 | $239,310 |
The Ame Group It Services | 6/29/22 | $190,789 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,977,613 |
| Investment income | $5,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,631,898 |
| 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. | $345,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,240,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,493 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,772 |
| Fees for services: Accounting | $57,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $853,073 |
| Advertising and promotion | $27,248 |
| Office expenses | $338,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,558 |
| Travel | $191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,111 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,403,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,319,037 |
| Savings and temporary cash investments | $33,479 |
| Pledges and grants receivable | $636,589 |
| Accounts receivable, net | $805,396 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,960 |
| Prepaid expenses and deferred charges | $146,531 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $950,464 |
| Total assets | $11,269,434 |
| Accounts payable and accrued expenses | $781,540 |
| Grants payable | $0 |
| Deferred revenue | $851,411 |
| 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 | $776,200 |
| Other liabilities | $0 |
| Total liabilities | $2,409,151 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $8,860,283 |