Westmoreland Cultural Trust
- Assets
- $15.4m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Greensburg, PA
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 25-1213228
Organization Overview
Westmoreland Cultural Trust is located in Greensburg, PA. The organization was established in 1994. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Westmoreland Cultural Trust employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westmoreland Cultural Trust 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 12/2022, Westmoreland Cultural Trust generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 43.0% each year . All expenses for the organization totaled $6.7m during the year ending 12/2022. While expenses have increased by 40.0% per year over the past 3 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE CULTURAL AND ECONOMIC DEVELOPMENT IN THE WESTMORELAND COUNTY REGION. THE TRUST PROMOTES THE PERFORMING ARTS AND PRESERVES AND ENHANCES OUR REGION'S ASSETS FOR THE BENEFIT OF THE COMMMUNITY.
Describe the Organization's Program Activity:
PRESENTING ARTS AND ENTERTAINMENT THROUGH THE GREENSBURG GARDEN AND CIVIC CENTER AND THE PALACE THEATRE, THE TRUST WORKS TO PROVIDE A NUMBER OF HIGH CALIBER ENTERTAINMENT OPTIONS FOR AREA RESIDENTS. IN FACT, PERFORMANCES AT THE PALACE THEATRE HAVE TRIPLED SINCE THE TRUST'S PURCHASE IN 1990. THE THEATRE IS ALSO HOME TO THE WESTMORELAND SYMPHONY ORCHESTRA AND THE LAUREL BALLET AND IS A REGIONAL VENUE FOR RIVER CITY BRASS BAND.
DEVELOPING AN HISTORIC/CULTURAL/ENTERTAINMENT DISTRICT-THE TRUST'S STRONG PARTNERSHIPS WITH CITY, COUNTY & STATE GOVERNMENT HAVE CREATED A VIBRANT DISTRICT IN CENTRAL WESTMORELAND COUNTY ANCHORED BY THE PALACE THEATRE, SETON HILL UNIVERSITY'S $21M PERFORMING ARTS CENTER A BLOCK AWAY, AND THE HISTORIC GREENSBURG TRAIN STATION. THE DISTRICT WAS RECOGNIZED ON THE NATIONAL REGISTER OF HISTORIC PLACES IN MAY 1995. UPSCALE RESTAURANTS IN DOWNTOWN GREENSBURG PROVIDE FURTHER INCENTIVE TO THEATER-GOERS TO ENJOY A COMPLETE EXPERIENCE DOWNTOWN.
PROVIDING SUPPORT SERVICES FOR PRESENTING ARTS ORGANIZATIONS TO SUPPORT THE ARTS IN THE REGION, THE TRUST HAS OPENED A CENTRAL TICKET OUTLET AT THE PALACE BOX OFFICE. THE TRUST ALSO OFFERS COUNSELING FOR EVENT PRESENTATION, CONSULTATION FOR GROUPS USING THE PALACE, AND COLLABORATIVE PROMOTION OPPORTUNITIES.
MANAGING COMMUNITY ASSETS THE TRUST OWNS AND MANAGES THE PALACE THEATRE AND THE STARK/JAMES AND UNION TRUST BUILDINGS, AND MANAGES THE GREENSBURG GARDEN AND CIVIC CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Kopas CEO | Officer | 40 | $183,101 |
Tara Shannon Controller | Officer | 40 | $78,714 |
Scott E Avolio Director | Trustee | 1 | $0 |
Darren J Beatty Treasurer | OfficerTrustee | 1 | $0 |
Keith Biskup Director | Trustee | 1 | $0 |
Kevin Bock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $88,711 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $692,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $468,082 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249,215 |
| Total Program Service Revenue | $5,629,070 |
| Investment income | $15,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,427 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $69,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $227,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,185,966 |
| 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. | $229,218 |
| Compensation of current officers, directors, key employees. | $46,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $927,255 |
| Pension plan accruals and contributions | $13,085 |
| Other employee benefits | $198,044 |
| Payroll taxes | $84,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $45,756 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,384 |
| Office expenses | $112,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,933 |
| Travel | $11,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $367,460 |
| Insurance | $58,723 |
| All other expenses | $4,302,873 |
| Total functional expenses | $6,693,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,019,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,032 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,114 |
| Prepaid expenses and deferred charges | $19,000 |
| Net Land, buildings, and equipment | $12,207,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,000 |
| Intangible assets | $0 |
| Other assets | $73,783 |
| Total assets | $15,371,625 |
| Accounts payable and accrued expenses | $104,255 |
| Grants payable | $0 |
| Deferred revenue | $393,573 |
| 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 | $221,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $643,044 |
| Total liabilities | $1,362,443 |
| Net assets without donor restrictions | $13,584,775 |
| Net assets with donor restrictions | $424,407 |
| 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 | $15,371,625 |