Tennessee Performing Arts Foundation
- Assets
- $15.4m
- Revenue
- $687.1k
- Investments
- $5.6m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 03/1973
- Data as of
- 06/2022
- EIN
- 23-7272205
Organization Overview
Tennessee Performing Arts Foundation is located in Nashville, TN. The organization was established in 1973. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Performing Arts Foundation 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, Tennessee Performing Arts Foundation generated $687.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $934.8k during the year ending 06/2022. While expenses have increased by 0.2% 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
MANAGES ENDOWMENT WHICH PROVIDES INCOME TO HELP DEFRAY OPERATING COSTS OF TN PERFORMING ARTS CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS MADE TO THE TENNESSEE PERFORMING ARTS CENTER IN ORDER TO HELP DEFRAY OPERATING EXPENSES IN BRINGING THE PERFORMING ARTS TO TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Turner Director/tpac Pres&ceo | OfficerTrustee | 0.3 | $0 |
Jenifer Deloach Weeks Chairman | OfficerTrustee | 0.3 | $0 |
John Wengraf Treasurer | OfficerTrustee | 0.3 | $0 |
Lisa Quigley Secretary | OfficerTrustee | 0.3 | $0 |
Julie Gillen Tpac's CFO | Officer | 1 | $0 |
Ronald L Corbin Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $472,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,825 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $687,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $841,265 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,504 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $934,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,684 |
| Savings and temporary cash investments | $646,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,199,674 |
| Investments—other securities | $5,552,232 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,200 |
| Total assets | $15,417,761 |
| Accounts payable and accrued expenses | $11,729 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $11,729 |
| Net assets without donor restrictions | $15,406,032 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,417,761 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tennessee Performing Arts Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Dettwiller Foundation Nashville, TN PURPOSE: GENERAL FUND | $10,000 |
Endowment Analysis
| Beg. Balance | $18,273,682 |
| Earnings | -$1,932,885 |
| Admin Expense | $93,504 |
| Net Contributions | $4 |
| Grants | $841,265 |
| Ending Balance | $15,406,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Performing Arts Center At Charlotte Foundation Charlotte, NC | $47,388,531 | $23,681,356 |
Tennessee Performing Arts Center Management Corporation Nashville, TN | $35,782,071 | $25,885,364 |
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Mississippi Arts And Entertainment Center Meridian, MS | $14,826,824 | $2,667,406 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Sheldon Arts Foundation Saint Louis, MO | $19,890,863 | $2,862,291 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |