Toledo Alliance For The Performing Arts
- Assets
- $21.5m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 234
- Location
- Toledo, OH
- Founding
- 01/1952
- Data as of
- 06/2022
- 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 06/2022, Toledo Alliance For The Performing Arts employed 234 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 06/2022, Toledo Alliance For The Performing Arts generated $7.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 4.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 2021-2022 SEASON SERVED AS A BRIDGE BETWEEN COVID TIMES AND A RETURN TO NORMAL FOR THE TOLEDO ALLIANCE FOR THE PERFORMING ARTS. THE TOLEDO SYMPHONY ORCHESTRA STARTED ITS SEASON WITH A PERFORMANCE OF ELGAR'S ENIGMA VARIATIONS, SUPPORTED BY PHOTOS OF COMMUNITY MEMBERS AND HOW THEY WERE AFFECTED BY THE COVID-19 PANDEMIC. TOLEDO BALLET CONTINUED ITS TRADITION OF HAVING THE LONGEST-RUNNING, ANNUAL PRODUCTION OF THE NUTCRACKER. ACROSS FIVE PERFORMANCES, TOLEDO BALLET RECORDED ITS SECOND HIGHEST NUTCRACKER REVENUES IN HISTORY. TO WORK WITH COVID-19 GUIDELINES FOR VOCAL PERFORMANCE, A CHAMBER CHOIR OF 16 LOCAL SINGERS WAS FORMED TO PRESENT A SOLD-OUT PERFORMANCE OF HANDEL'S MESSIAH ALONGSIDE THE TOLEDO SYMPHONY. CANADIAN BRASS WAS A FEATURED GUEST THIS SEASON, NOT ONLY PLAYING WITH THE SYMPHONY, BUT ALSO DOING A MASTER CLASS WITH STUDENTS FROM TOLEDO SYMPHONY SCHOOL OF MUSIC. THE END OF THE SEASON SAW A SOLD-OUT PERFORMANCE WITH BROADWAY LEGEND BERNADETTE PETERS. THE END OF THE 2021-2022 SEASON MARKED THE SECOND YEAR IN A ROW THAT TAPA FINISHED THE YEAR WITH A SURPLUS. THROUGHOUT THIS SEASON, THE PANDEMIC'S EFFECTS CONTINUED TO IMPACT OUR MUSICIANS, DANCERS, AND AUDIENCES. MASKS WERE REQUIRED FOR MUSICIANS AND WERE OFTEN REQUIRED FOR AUDIENCES BASED ON CDC LEVELS, AND MANY VENUES ENACTED CAPACITY LIMITATIONS. OVERALL, HOWEVER, THIS WAS A VERY SUCCESSFUL SEASON, WHICH PROVIDED MANY OPPORTUNITIES FOR GROWTH THROUGH UNEXPECTED AND UNPRECEDENTED TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Hershberger Past Chair | OfficerTrustee | 1 | $0 |
Patrick Bowe Board Chair | OfficerTrustee | 1 | $0 |
Frank Jacobs Secretary | OfficerTrustee | 1 | $0 |
Elaine Canning Treasurer | OfficerTrustee | 1 | $0 |
Richard A Karcher Trustee | Trustee | 1 | $0 |
Harley Kripke Trustee | Trustee | 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 | $10,640 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,177,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,488,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,675,988 |
| Total Program Service Revenue | $1,730,970 |
| Investment income | $358,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $211,135 |
| Net Income from Fundraising Events | $18,662 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,106,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $79,203 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $493,553 |
| Compensation of current officers, directors, key employees. | $190,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,053,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $386,735 |
| Payroll taxes | $287,383 |
| 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 | $246,258 |
| Advertising and promotion | $196,155 |
| Office expenses | $72,074 |
| Information technology | $0 |
| Royalties | $9,646 |
| Occupancy | $429,466 |
| Travel | $82,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,131 |
| Insurance | $45,580 |
| All other expenses | $176,282 |
| Total functional expenses | $7,431,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,272,566 |
| Savings and temporary cash investments | $2,672,185 |
| Pledges and grants receivable | $466,186 |
| Accounts receivable, net | $287,482 |
| 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 | $73,874 |
| Net Land, buildings, and equipment | $338,130 |
| Investments—publicly traded securities | $16,159,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,955 |
| Total assets | $21,510,978 |
| Accounts payable and accrued expenses | $352,840 |
| Grants payable | $0 |
| Deferred revenue | $526,360 |
| 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 | $879,200 |
| Net assets without donor restrictions | $11,606,225 |
| Net assets with donor restrictions | $9,025,553 |
| 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 | $21,510,978 |