Westmoreland Cultural Trust
- Assets
- $14.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Greensburg, PA
- Founding
- 07/1994
- Data as of
- 12/2020
- 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 12/2020, Westmoreland Cultural Trust employed 30 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 12/2020, Westmoreland Cultural Trust generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2020. 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
2020
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Kopas CEO | Officer | 40 | $150,000 |
John P Bolha Controller | Officer | 40 | $74,992 |
Darren J Beatty Treasurer | OfficerTrustee | 1 | $0 |
Richard A Boscarino Vice Chairman | OfficerTrustee | 5 | $0 |
Barbara Ferrier Secretary | OfficerTrustee | 1 | $0 |
T Terrance Reese Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,292,383 |
| Investment income | $3,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$113,159 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,698 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,772 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,146,840 |
| 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. | $209,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $531,754 |
| Pension plan accruals and contributions | $13,188 |
| Other employee benefits | $140,104 |
| Payroll taxes | $60,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $595 |
| Fees for services: Accounting | $15,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,675 |
| Advertising and promotion | $9,227 |
| Office expenses | $27,500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,318 |
| Travel | $4,119 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,528 |
| Insurance | $70,912 |
| All other expenses | $0 |
| Total functional expenses | $1,954,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,875,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,652 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,364 |
| Prepaid expenses and deferred charges | $44,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,000 |
| Intangible assets | $0 |
| Other assets | $16,450 |
| Total assets | $14,583,491 |
| Accounts payable and accrued expenses | $124,568 |
| Grants payable | $0 |
| Deferred revenue | $53,914 |
| 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 | $839,132 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $953,382 |
| Total liabilities | $1,970,996 |
| 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 | $12,612,495 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Westmoreland Cultural Trust has recieved totaling $755,370.
| Awarding Organization | Amount |
|---|---|
Katherine Mabis Mckenna Foundation Inc Latrobe, PA PURPOSE: TO FUND EXTERIOR & INTERIOR RENOVATIONS OF THE PENTHOUSE SUITE AT THE GGCC | $375,000 |
Allegheny Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Katherine Mabis Mckenna Foundation Inc Latrobe, PA PURPOSE: GENERAL SUPPORT FOR THE GREENSBURG GARDEN & CIVIC CENTER | $120,000 |
Katherine Mabis Mckenna Foundation Inc Latrobe, PA PURPOSE: ADDITIONAL SUPPORT FOR UPGRADES AT GREENSBURG GARDEN & CIVIC CENTER | $25,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: ARTS, CULTURE AND HUMANITIES | $16,000 |
S&t Bancorp Charitable Foundation Indiana, PA PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Margaret And Robert Walter Foundation Columbus, OH | $119,634,869 | $20,893,833 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Charitable Pharmacy Of Central Ohio Columbus, OH | $4,066,781 | $13,066,074 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Rosenkranz Foundation Inc New York, NY | $20,933,111 | $6,809,267 |