Community Hall Foundation Program Endowment
- Assets
- $24.8m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 62
- Location
- Akron, OH
- Founding
- 12/1965
- Data as of
- 08/2022
- EIN
- 34-1015948
Organization Overview
Community Hall Foundation Program Endowment is located in Akron, OH. The organization was established in 1965. As of 08/2023, Community Hall Foundation Program Endowment employed 62 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 08/2022, Community Hall Foundation Program Endowment generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $9.2m during the year ending 08/2022. While expenses have increased by 12.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AKRON CIVC 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, TEHCNICAL, 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristina Gonzalez Alcala President | OfficerTrustee | 1 | $0 |
Brad Wright Vice President | OfficerTrustee | 1 | $0 |
Demetrius Lambert-Falconer Secretary | OfficerTrustee | 1 | $0 |
Randy Godding Treasurer | OfficerTrustee | 1 | $0 |
Louis G Berroteran Trustee | Trustee | 1 | $0 |
Ismail Al-Amin Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,431 |
| Related organizations | $0 |
| Government grants | $99,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,089,354 |
| Noncash contributions included in lines 1a–1f | $6,931 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,280,197 |
| Total Program Service Revenue | $6,531,793 |
| Investment income | $903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,420 |
| Net Income from Fundraising Events | $16,833 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $423,298 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,537,699 |
| 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. | $205,857 |
| Compensation of current officers, directors, key employees. | $55,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,021,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,483 |
| Payroll taxes | $90,198 |
| Fees for services: Management | $54,331 |
| Fees for services: Legal | $20,850 |
| Fees for services: Accounting | $29,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,679 |
| Fees for services: Other | $158,610 |
| Advertising and promotion | $302,104 |
| Office expenses | $115,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $196,721 |
| Travel | $11,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $704,967 |
| Insurance | $44,673 |
| All other expenses | $1,018,728 |
| Total functional expenses | $9,150,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,253,120 |
| Savings and temporary cash investments | $70 |
| Pledges and grants receivable | $506,040 |
| Accounts receivable, net | $174,488 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,342 |
| Prepaid expenses and deferred charges | $4,121,552 |
| Net Land, buildings, and equipment | $14,246,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,499,327 |
| Total assets | $24,829,790 |
| Accounts payable and accrued expenses | $628,564 |
| Grants payable | $0 |
| Deferred revenue | $224,530 |
| 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 | $0 |
| Other liabilities | $17,946 |
| Total liabilities | $1,533,613 |
| Net assets without donor restrictions | $20,163,193 |
| Net assets with donor restrictions | $3,132,984 |
| 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 | $24,829,790 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Hall Foundation Program Endowment Akron, OH | $24,829,790 | $13,537,699 |
South Bend Civic Theatre Inc South Bend, IN | $3,903,260 | $1,396,007 |
Pennsylvania Downtown Center Inc Harrisburg, PA | $712,905 | $1,070,113 |
Greater Cleveland Peace Officers Memorial Society Inc Cleveland, OH | $216,915 | $107,785 |
Robert And Esther Grove Foundation Chambersburg, PA | $967,131 | $95,625 |
Moon Family Foundation Cincinnati, OH | $0 | $862 |