Toledo Alliance For The Performing Arts
- Assets
- $24.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 245
- Location
- Toledo, OH
- Founding
- 01/1952
- Data as of
- 06/2021
- EIN
- 34-4005365
Organization Overview
Toledo Alliance For The Performing Arts is located in Toledo, OH. The organization was established in 1952. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Toledo Alliance For The Performing Arts employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Alliance For The Performing Arts 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 06/2021, Toledo Alliance For The Performing Arts generated $6.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $5.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TOLEDO ALLIANCE FOR THE PERFORMING ARTS EXISTS TO SUSTAIN A WORKING COMMUNITY OF PERFORMING ARTISTS IN OUR AREA WHO PERPETUATE THE EXPERIENCE OF SUPERB MUSICAL AND DANCE PERFORMANCES AND EDUCATION FOR ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2020-2021 SEASON TESTED THE TALENTS AND RESOLVE OF TAPA. WE BOLDLY MOVED TOWARD PRESENTING A FULL SEASON OF PERFORMANCES IN A TIME THAT FEW SYMPHONY ORCHESTRAS OR BALLET COMPANIES DID SO. AS THE COVID PANDEMIC WROUGHT HAVOC UPON THE PERFORMING ARTS, AND STATE AND LOCAL PROTOCOLS MADE IT CHALLENGING TO PRESENT LIVE PERFORMANCES, TAPA LEANED INTO THE WIND AND FOUND A WAY TO CREATE A SENSE OF NORMALCY IN UNCERTAIN TIMES. THE TOLEDO SYMPHONY RETURNED TO THE STAGE IN SEPTEMBER 2020, ONE OF JUST 24 ORCHESTRAS IN THE COUNTRY TO PRESENT A FULL SEASON OF ORCHESTRAL PERFORMANCES. IN DECEMBER 2020, THE TOLEDO BALLET WAS THE ONLY BALLET COMPANY OUT OF 160 IN THE USA TO PRESENT THE NUTCRACKER. WE INNOVATED BOLDLY, CREATING A LIVESTREAMING PLATFORM, CALLED TAPA STREAMING, THAT SENT OUR PERFORMANCES TO 47 U.S. STATES AND 36 COUNTRIES AROUND THE GLOBE. WE SHARED THE PERFORMING ARTS AT A TIME WHEN OTHERS COULD NOT OR WOULD NOT, AND WE SENT A MESSAGE OF HEALING AND PERSPECTIVE TO A GLOBAL AUDIENCE. WE PROVED THAT WE ARE AN ORGANIZATION THAT WOULD SUPPORT OUR VISION TO BRING COMMUNITIES TOGETHER THROUGH THE PERFORMING ARTS. WE KEPT THE MUSIC PLAYING, KEPT DANCERS DANCING, AND CREATED AN ENVIRONMENT THAT CELEBRATED THE ARTS AT A TIME WHEN THE WORLD NEEDED US THE MOST. WE ALSO LEARNED THROUGH THIS SEASON THE VALUE OF MAKING MUSIC AND CREATING DANCE WHEN THE REST OF THE WORLD WAS SILENT AND STILL. THIS WAS AN IMPORTANT LESSON IN THE CRITICAL WORK THAT WE DO TO CELEBRATE THE HUMAN SPIRIT AND ADVANCE BEAUTY ACROSS OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Vassar President & CEO | Officer | 60 | $189,405 |
Alain Trudel Conductor | 35 | $155,600 | |
Brett Loney VP Development | Officer | 40 | $114,331 |
Randi Dier VP Finance | Officer | 40 | $75,426 |
Pam Hershberger Past Chair | OfficerTrustee | 1 | $0 |
Patrick Bowe Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stefan Sanderling Principal Conductor | 6/29/16 | $172,713 |
Arts Consulting Group Marketing/executive Search | 6/29/16 | $102,565 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,985 |
| Fundraising events | $1,430 |
| Related organizations | $0 |
| Government grants | $1,202,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,851,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,061,040 |
| Total Program Service Revenue | $1,067,134 |
| Investment income | $359,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251,129 |
| Net Income from Fundraising Events | $17,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,839,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $92,548 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $509,549 |
| Compensation of current officers, directors, key employees. | $185,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,274,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $369,315 |
| Payroll taxes | $275,423 |
| Fees for services: Management | $0 |
| 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 | $184,085 |
| Advertising and promotion | $112,541 |
| Office expenses | $73,803 |
| Information technology | $9,006 |
| Royalties | $11,505 |
| Occupancy | $396,953 |
| Travel | $37,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,843 |
| Insurance | $45,884 |
| All other expenses | $265,611 |
| Total functional expenses | $5,101,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,178 |
| Savings and temporary cash investments | $1,848,860 |
| Pledges and grants receivable | $586,078 |
| Accounts receivable, net | $28,043 |
| 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 | $48,777 |
| Net Land, buildings, and equipment | $357,081 |
| Investments—publicly traded securities | $19,790,784 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,239,247 |
| Total assets | $24,676,048 |
| Accounts payable and accrued expenses | $495,256 |
| Grants payable | $0 |
| Deferred revenue | $456,852 |
| 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 | $952,108 |
| Net assets without donor restrictions | $15,176,224 |
| Net assets with donor restrictions | $8,547,716 |
| 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 | $24,676,048 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Toledo Alliance For The Performing Arts has recieved totaling $302,488.
| Awarding Organization | Amount |
|---|---|
Toledo Community Foundation Toledo, OH PURPOSE: SYMPHONY EDUCATION, GENERAL SUPPORT, LOA CHO - GLASS CITY CHAMBER MUSIC COMPETITION AND CAMP, ANNUAL GIFT, DICK ANDERSON SYMPHONY ENDOWMENT, SUPPORT FOR TOLEDO SYMPHONY, SUPPORT FOR TOLEDO BALLET, 2021 DONATION, DICK ANDERSON MEMORIAL CONCERT | $128,238 |
Thaman Family Foundation Ottawa Hills, OH PURPOSE: GENERAL | $40,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $35,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $31,500 |
Jewish Federation Of Greater Toledo Sylvania, OH PURPOSE: GENERAL OPERATING SUPPORT | $22,500 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $19,500 |
Endowment Analysis
| Beg. Balance | $16,507,094 |
| Earnings | $4,637,552 |
| Admin Expense | $38,441 |
| Net Contributions | $1,416,322 |
| Other Expense | $785,682 |
| Ending Balance | $21,736,845 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Symphony Orchestra Foundation Inc Indianapolis, IN | $120,040,413 | $10,534,808 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Minnetrista Cultural Foundation Inc Muncie, IN | $19,419,646 | $5,083,805 |
Toledo Alliance For The Performing Arts Toledo, OH | $24,676,048 | $6,839,703 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
Air Force Museum Foundation Inc Wright Patterson Afb, OH | $28,184,823 | $8,102,292 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
Conner Prairie Foundation Inc Fishers, IN | $182,758,575 | $6,601,081 |
John L Severance Brooklyn, OH | $58,165,574 | $2,331,201 |
Air Zoo Legacy Foundation Portage, MI | $89,399,860 | $9,308,646 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Michigans Thanksgiving Parade Detroit, MI | $9,957,925 | $2,964,645 |