Payomet

Organization Overview

Payomet is located in Truro, MA. The organization was established in 2017. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Payomet employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Payomet 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 12/2021, Payomet generated $1.6m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 74.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A PERFORMANCE ARTS CENTER PROVIDING MUSICAL AND THEATRICAL ENTERTAINMENT AS WELL AS EDUCATIONAL PROGRAMMING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PERFORMANCES IN THEATER, MUSIC, AND DANCE PRESENTED FOR THE BENEFIT OF THE OUTER CAPE RESIDENTS AND VISITORS AND SUMMER CIRCUS CLASSES FOR CHILDREN.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Rice
Executive Di
$82,500
Russell Braun
Treasurer
$0
David Lubin
President
$0
Ellen Covell
Director
$0
Barry Bluestone
Director
$0
Melinda Krasting
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $656,990
All other contributions, gifts, grants, and similar amounts not included above$286,195
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$943,185
Total Program Service Revenue$535,843
Investment income $89
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $23,000
Net Income from Fundraising Events $92,392
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,608,583

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Payomet has recieved totaling $158,050.

Awarding OrganizationAmount
Klarman Family Foundation

Boston, MA

PURPOSE: FUNDER COLLABORATIONS AND BOLD BETS: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2021, 2022, AND 2023, AS A PART OF THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE (RAPID RESPONSE)

$92,500
Klarman Family Foundation

Boston, MA

PURPOSE: FUNDER COLLABORATIONS AND BOLD BETS: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2021, 2022, AND 2023, AS A PART OF THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE (RAPID RESPONSE)

$55,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$8,550
Cape Cod 5 Foundation Inc

Hyannis, MA

PURPOSE: DONATION

$2,000
View Grant Recipient Profile

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