Central Pennsylvania Festival Of The Arts Inc
- Assets
- $508.0k
- Revenue
- $626.4k
- Investments
- $0.0
- Employees
- 3
- Location
- State College, PA
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 25-1205389
Organization Overview
Central Pennsylvania Festival Of The Arts Inc is located in State College, PA. The organization was established in 1970. 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 12/2021, Central Pennsylvania Festival Of The Arts Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Pennsylvania Festival Of The 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 12/2021, Central Pennsylvania Festival Of The Arts Inc generated $626.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $391.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) 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 CELEBRATE THE ARTS WITH PRESENTATION OF DIVERSE, HIGH-QUALITY VISUAL AND PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CELEBRATE THE ARTS WITH PRESENTATION OF DIVERSE, HIGH-QUALITY VISUAL AND PERFORMING ARTS THROUGH THE COOPERATIVE VOLUNTEER SUPPORT OF THE COMMUNITY AND THE PENNSYLVANIA STATE UNIVERSITY. THE ESSENCE OF THE ORGANIZATION IS THE ENRICHMENT AND EDUCATION OF THE AUDIENCE, GROUNDED IN PERSONAL INTER-ACTION BETWEEN ARTIST AND AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Bryant Executive Director | Officer | 40 | $77,440 |
Renata S Engel President | OfficerTrustee | 2 | $0 |
Heidi Nicholas Vice President | OfficerTrustee | 2 | $0 |
David Frego Treasurer | OfficerTrustee | 2 | $0 |
Kathleen Raupach Secretary | OfficerTrustee | 2 | $0 |
Carolyn Donaldson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,772 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $563,899 |
| Total Program Service Revenue | $44,420 |
| Investment income | $18,119 |
| 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 | $626,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $81,837 |
| Compensation of current officers, directors, key employees. | $81,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,713 |
| Pension plan accruals and contributions | $4,436 |
| Other employee benefits | $32,271 |
| Payroll taxes | $13,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,292 |
| Advertising and promotion | $21,868 |
| Office expenses | $11,782 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,141 |
| 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 | $1,017 |
| Insurance | $6,881 |
| All other expenses | $6,093 |
| Total functional expenses | $391,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $813 |
| Prepaid expenses and deferred charges | $226 |
| Net Land, buildings, and equipment | $359 |
| Investments—publicly traded securities | $359,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,434 |
| Total assets | $508,035 |
| Accounts payable and accrued expenses | $36,203 |
| Grants payable | $0 |
| Deferred revenue | $40 |
| 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 | $36,243 |
| Net assets without donor restrictions | $261,176 |
| Net assets with donor restrictions | $210,616 |
| 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 | $508,035 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Pennsylvania Festival Of The Arts Inc has recieved totaling $51,351.
| Awarding Organization | Amount |
|---|---|
Centre County Community Foundation Inc State College, PA PURPOSE: GENERAL SUPPORT | $44,351 |
Centre County Lion Country Visitors Convention Bureau State College, PA PURPOSE: TOURISM PROMOTION | $7,000 |
Endowment Analysis
| Beg. Balance | $230,071 |
| Earnings | $10,795 |
| Other Expense | $30,250 |
| Ending Balance | $210,616 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |