Community Hall Foundation Program Endowment
- Assets
- $25.3m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 43
- Location
- Akron, OH
- Founding
- 12/1965
- Data as of
- 08/2021
- EIN
- 34-1015948
Organization Overview
Community Hall Foundation Program Endowment is located in Akron, OH. The organization was established in 1965. As of 08/2021, Community Hall Foundation Program Endowment employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Hall Foundation Program Endowment 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 08/2021, Community Hall Foundation Program Endowment generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $4.2m during the year ending 08/2021. While expenses have increased by 0.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AKRON CIVIC THEATRE, AN HISTORICAL AND VIBRANT NONPROFIT CULTURAL ARTS CENTER IN DOWNTOWN AKRON, ENRICHES THE LIVES OF PEOPLE OF ALL AGES AND BACKGROUNDS THROUGHOUT THE REGION BY PRESENTING A DIVERSE ARRAY OF LOCAL AND NATIONAL PERFORMING ARTISTS AND COMMUNITY EVENTS. IN FY 2021, THE AKRON CIVIC THEATRE HOSTED 75 PUBLIC EVENTS AND 15 TOURS. ATTENDANCE AT FY 2021 EVENTS WAS 19,750, AND 171 DEDICATED VOLUNTEERS GAVE 2,191 HOURS TO GREET AND ASSIST PATRONS. THROUGH OUR ALL ACCESS PROGRAM, WE DISTRIBUTED 1,813 FREE TICKETS TO ECONOMICALLY DISADVANTAGED FAMILIES AND SENIOR CITIZENS SERVED BY OUR PARTNER SOCIAL SERVICE AGENCIES FOR CONCERTS, FAMILY SHOWS, MUSICALS AND SPECIAL EVENTS.
Describe the Organization's Program Activity:
THE OPERATION OF THE COMMUNITY HALL FOUNDATION DBA AKRON CIVIC THEATRE INCLUDES PRESENTATIONS OF LIVE MUSIC (JAZZ, BLUES, FOLK), DANCE (BALLET, CONTEMPORARY), THEATER (ALL-CITY MUSICAL) AND OCCASIONALLY FILM. IN ADDITION, TOURS ARE OFFERED AND THE FACILITY IS USED FOR A VARIETY OF COMMUNITY-BASED EVENTS. THE FOUNDATION ALSO RENTS THE FACILITIES TO A WIDE VARIETY OF ORGANIZATIONS FOR THE PURPOSE OF THEIR PRESENTATION OF LIVE MUSIC, DANCE, THEATER AND FILM. THE FACILITIES ARE ALSO USED FOR OTHER COMMUNITY-BASED FUNDRAISING EVENTS, AS WELL AS WEDDINGS AND MEETINGS.
THE COMMUNITY HALL FOUNDATION DBA AKRON CIVIC THEATRE PROVIDES ADMINISTRATIVE, FISCAL, TECHNICAL, LOGISTICAL, AND TECHNICAL SUPPORT TO THE CITY OF AKRON IN RELATION TO ITS PROGRAMMING OF LOCK 3 AND LOCK 4 PARKS. LOCK 3 HOSTS A SERIES OF FREE FRIDAY NIGHT CONCERTS FROM MEMORIAL DAY TO LABOR DAY, A SERIES OF SATURDAY EVENING CONCERTS FROM LATE JUNE THROUGH LABOR DAY, AND A NUMBER OF FESTIVALS INCLUDING THE RIB WHITE AND BLUE FESTIVAL OVER FOURTH OF JULY AND THE ITALIAN AMERICAN FESTIVAL THE FOLLOWING WEEK. LOCK 4 HOSTS A SERIES OF JAZZ, BLUES AND GOSPEL CONCERTS DURING THE SUMMER MONTHS.
THE BOUTIQUE, OPERATED BY THE VOLUNTEERS OF THE AKRON CIVIC THEATRE WOMEN'S GUILD, EXISTS TO SELL ITEMS RELATED TO THE HISTORICAL NATURE OF THE FACILITIES DURING TOURS AND OTHER EVENTS. REVENUES AND EXPENSES RELATED TO THE BOUTIQUE ARE A COMPONENT OF PART VIII LINES 10A AND 10B AND WERE 3,186 AND 3,105, RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Parr Exec Directo | Officer | 40 | $126,793 |
Candice Jones Carlyon President | OfficerTrustee | 3 | $0 |
Cristina Gonzalez-Alcala Secretary | OfficerTrustee | 2 | $0 |
Ernest Pouttu Treasurer | OfficerTrustee | 3 | $0 |
Roger Stevenson Vice Preside | OfficerTrustee | 2 | $0 |
Julie Brandle Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,174 |
| Related organizations | $0 |
| Government grants | $247,728 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,716,295 |
| Noncash contributions included in lines 1a–1f | $1,153,041 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,089,197 |
| Total Program Service Revenue | $1,431,226 |
| Investment income | $873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,912 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$50,357 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,556,471 |
| 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. | $159,471 |
| Compensation of current officers, directors, key employees. | $46,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,531 |
| Payroll taxes | $52,552 |
| Fees for services: Management | $56,851 |
| Fees for services: Legal | $12,630 |
| Fees for services: Accounting | $23,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,047 |
| Advertising and promotion | $101,705 |
| Office expenses | $70,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $918,592 |
| Travel | $3,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $623,098 |
| Insurance | $51,966 |
| All other expenses | $346,230 |
| Total functional expenses | $4,173,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,790,501 |
| Savings and temporary cash investments | $1,768,568 |
| Pledges and grants receivable | $835,285 |
| Accounts receivable, net | $273,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,068 |
| Prepaid expenses and deferred charges | $3,925,955 |
| Net Land, buildings, and equipment | $14,587,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,057,838 |
| Total assets | $25,266,960 |
| Accounts payable and accrued expenses | $3,682,769 |
| Grants payable | $0 |
| Deferred revenue | $1,230,142 |
| 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 | $662,573 |
| Unsecured mortgages and notes payable | $198,517 |
| Other liabilities | $36,440 |
| Total liabilities | $5,810,441 |
| Net assets without donor restrictions | $15,690,161 |
| Net assets with donor restrictions | $3,766,358 |
| 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 | $25,266,960 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Community Hall Foundation Program Endowment has recieved totaling $551,721.
| Awarding Organization | Amount |
|---|---|
Akron Community Foundation Akron, OH PURPOSE: TO SUPPORT THE AKRON CIVIC THEATRE BOARD AND STAFF'S ENGAGEMENT IN IDEA TRAINING AND ASSESSMENT | $440,638 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $15,000 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $10,000 |
Ohio & Erie Canalway Coalition Akron, OH PURPOSE: AKRON CIVIC COMMONS | $9,500 |
Endowment Analysis
| Beg. Balance | $40,082 |
| Earnings | $8,450 |
| Ending Balance | $48,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Hall Foundation Program Endowment Akron, OH | $25,266,960 | $10,556,471 |
Pennsylvania Downtown Center Inc Harrisburg, PA | $712,905 | $1,070,113 |
South Bend Civic Theatre Inc South Bend, IN | $3,791,669 | $980,403 |
Greater Cleveland Peace Officers Memorial Society Inc Cleveland, OH | $230,767 | $70,074 |
Robert And Esther Grove Foundation Chambersburg, PA | $941,691 | $39,481 |
Moon Family Foundation Cincinnati, OH | $0 | $862 |