Arts Center Foundation Inc is located in Dayton, OH. The organization was established in 1988. 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. Arts Center Foundation 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 06/2022, Arts Center Foundation Inc generated $70.3k 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 (23.5%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. 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 OPERATE A PERFORMING ARTS COMPLEX AND TO RAISE FUNDS TO BENEFIT THE PERFORMING ARTS IN DAYTON, OHIO.
Describe the Organization's Program Activity:
THE FOUNDATION'S PRINCIPAL ACTIVITY HAS BEEN THE RESTORATION OF THE VICTORIA THEATRE AND THE METROPOLITAN BUILDING FOR COMMUNITY ARTS PERFORMANCES, AND THE OPERATION OF THE PERFORMING ARTS CENTER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dave S Dickerson Vice-Chair | OfficerTrustee | 1 | $0 |
Chris Wyse Chair | OfficerTrustee | 1 | $0 |
David Mcgillivary Treasurer | OfficerTrustee | 1 | $0 |
Wendolyn W Lewis Secretary | OfficerTrustee | 1 | $0 |
Mark Keeton Board Of Directors | Trustee | 1 | $0 |
Martha Shaker Past Chair | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $66,000 |
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 | $66,000 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $70,320 |
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. | $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 | $24 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $63,826 |
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 | $2,093,200 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,193,798 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $6,015 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $21,547,366 |
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 | $46,239,043 |
Investments—publicly traded securities | $0 |
Investments—other securities | $7,354,749 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $296,800 |
Total assets | $75,443,973 |
Accounts payable and accrued expenses | $15,584,252 |
Grants payable | $0 |
Deferred revenue | $630 |
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 | $15,584,882 |
Net assets without donor restrictions | $59,739,091 |
Net assets with donor restrictions | $120,000 |
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 | $75,443,973 |
Beg. Balance | $8,631,308 |
Earnings | -$1,217,331 |
Admin Expense | $59,228 |
Ending Balance | $7,354,749 |
Organization Name | Assets | Revenue |
---|---|---|
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Broadway Grand Rapids Grand Rapids, MI | $2,343,299 | $13,547,749 |
Detroit Opera Detroit, MI | $46,812,293 | $9,178,032 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Music Hall Center For The Performing Arts Inc Detroit, MI | $3,982,183 | $5,279,340 |
State Theatre Center For The Arts Inc Easton, PA | $9,301,794 | $4,832,518 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Great Lakes Center For The Arts Bay Harbor, MI | $37,486,193 | $6,372,255 |