Forward Performing Arts Inc
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Madison, WI
- Founding
- 04/1970
- Data as of
- 10/2023
- EIN
- 39-1131530
Organization Overview
Forward Performing Arts Inc is located in Madison, WI. The organization was established in 1970. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2023, Forward Performing Arts Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Performing Arts 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 10/2023, Forward Performing Arts Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $1.5m during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE PROGRAMS FOR YOUTH IN MUSIC AND PERFORMANCE TRAINING THROUGH A POSITIVE ENVIRONMENT THAT EMPHASIZES CHARACTER AND SOCIAL DEVELOPMENT, LEADERSHIP, SELF-DISCIPLINE, AND THE PURSUIT OF EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORING OUTSTANDING MUSICAL/VISUAL PERFORMING GROUPS THAT OFFER A UNIQUE EDUCATIONAL EXPERIENCE TO THE YOUNG MEMBERS FROM AROUND THE WORLD, AGES 14 THROUGH 21. NEARLY 60 FIELD PERFORMANCES, CONCERTS, CLINICS, AND EXHIBITIONS BEFORE HALF A MILLION PEOPLE, WHILE TRAVELING MORE THAN 12,000 MILES THROUGHOUT THE UNITED STATES.PRIMARY OBJECTIVE IS TO PROVIDE PROGRAMS FOR YOUTH IN MUSIC AND PERFORMANCE TRAINING THROUGH A POSITIVE ENVIRONMENT THAT EMPHASIZES CHARACTER AND SOCIAL DEVELOPMENT, LEADERSHIP, SELF-DISCIPLINE, AND THE PURSUIT OF EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hadley Excomm | Trustee | 0 | $0 |
Michael C Robinson Director | Trustee | 0 | $0 |
Jeff Manion Treasurer | OfficerTrustee | 0 | $0 |
Michael R Garvin Jr Director | Trustee | 0 | $0 |
Diane Goetsch Director | Trustee | 0 | $0 |
Carmen Crook Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,013 |
| Total Program Service Revenue | $1,096,793 |
| Investment income | $22,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $79,414 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,423,857 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $37,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,027 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,408 |
| 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 | $815 |
| Information technology | $14,710 |
| Royalties | $0 |
| Occupancy | $23,466 |
| Travel | $157,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,383 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,276 |
| Insurance | $8,680 |
| All other expenses | $204,648 |
| Total functional expenses | $1,532,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,884 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,997 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $568,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,105 |
| Total assets | $1,368,216 |
| Accounts payable and accrued expenses | $34,813 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $981,407 |
| Other liabilities | $0 |
| Total liabilities | $1,016,220 |
| Net assets without donor restrictions | $351,996 |
| Net assets with donor restrictions | $0 |
| 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 | $1,368,216 |