John F Kennedy Center For The Performing Arts
- Assets
- $632.6m
- Revenue
- $286.4m
- Investments
- $9.2m
- Employees
- 2,550
- Location
- Washington, DC
- Founding
- 03/1959
- Data as of
- 09/2023
- EIN
- 53-0245017
Organization Overview
John F Kennedy Center For The Performing Arts is located in Washington, DC. The organization was established in 1959. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, John F Kennedy Center For The Performing Arts employed 2,550 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John F Kennedy Center 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 09/2023, John F Kennedy Center For The Performing Arts generated $286.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $279.9m during the year ending 09/2023. While expenses have increased by 2.9% per year over the past 8 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.
Since 2017, John F Kennedy Center For The Performing Arts has awarded 92 individual grants totaling $2,353,960. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS (KENNEDY CENTER) SERVES AS BOTH A PRESIDENTIAL MEMORIAL AND THE NATION'S CENTER FOR THE PERFORMING ARTS.
Describe the Organization's Program Activity:
THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IS THE NATION'S PERFORMING ARTS FACILITY, ANNUALLY HOSTING MORE THAN 2,000 PERFORMANCES AND EVENTS FOR VISITORS TOTALING OVER 2 MILLION, WITH TELEVISED PRODUCTIONS, EVENTS AND RADIO BROADCASTS REACHING 40 MILLION MORE. THE ORGANIZATION (A) PRODUCES AND PRESENTS MUSIC, DANCE, THEATER, OPERA AND BALLET; (B) SUPPORTS ARTISTS IN THE CREATION OF NEW WORKS; AND (C) SERVES AS THE NATION'S LEADER IN ARTS EDUCATION. ADDITIONALLY, THE ORGANIZATION IS A LIVING MEMORIAL TO THE LATE PRESIDENT JOHN F. KENNEDY, AND RECEIVES VISITORS FROM EVERY STATE AND COUNTRIES AROUND THE WORLD WHO CAN VIEW THE INFORMATION ABOUT HIS VISION AND ADVOCACY FOR THE ARTS, HIS LIFE AND HIS PRESIDENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Deborah F Rutter President | Officer | 39.94 | $1,376,401 |
Ms Barbara A Polk Chief Administrative Officer | Officer | 39.94 | $504,856 |
Ms Leslie J Miller Sr Vp, Development | Officer | 40 | $419,253 |
Ms Nurit Bar-Josef Nso Concertmaster | 40 | $422,692 | |
Ms Lynne H Pratt CFO (thru 12/2021) | 0 | $433,702 | |
Mr Kevin F Giglinto Sr Vp, Marketing & Sales | Officer | 39.94 | $401,242 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adventureland Presents Llc Company Fee | 9/29/23 | $22,715,351 |
The Honors Inc Production Fees | 9/29/23 | $5,991,478 |
Consigli Construction Co Inc Construction | 9/29/23 | $10,519,017 |
Munchkinland Productions Lp Company Fee | 9/29/23 | $4,796,731 |
Securiguard Inc Security Services | 9/29/23 | $5,809,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,703 |
| Membership dues | $4,647,290 |
| Fundraising events | $13,115,272 |
| Related organizations | $964,381 |
| Government grants | $55,666,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,464,684 |
| Noncash contributions included in lines 1a–1f | $2,075,959 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,861,307 |
| Total Program Service Revenue | $129,917,134 |
| Investment income | $4,098,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $402,203 |
| Net Rental Income | -$430,386 |
| Net Gain/Loss on Asset Sales | -$286,158 |
| Net Income from Fundraising Events | -$2,135,739 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $154,818 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $286,438,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $724,087 |
| Grants and other assistance to domestic individuals. | $938,713 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,513 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,273,827 |
| Compensation of current officers, directors, key employees. | $1,935,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,136,331 |
| Pension plan accruals and contributions | $7,824,669 |
| Other employee benefits | $12,405,130 |
| Payroll taxes | $5,459,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,517 |
| Fees for services: Accounting | $420,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $423,603 |
| Fees for services: Investment Management | $203,766 |
| Fees for services: Other | $60,788,079 |
| Advertising and promotion | $7,637,667 |
| Office expenses | $5,210,204 |
| Information technology | $949,984 |
| Royalties | $2,933,363 |
| Occupancy | $6,168,213 |
| Travel | $8,771,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $153,969 |
| Interest | $2,056,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,693,826 |
| Insurance | $613,388 |
| All other expenses | $323,112 |
| Total functional expenses | $279,943,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,697,766 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $83,477,418 |
| Accounts receivable, net | $3,976,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $524,928 |
| Prepaid expenses and deferred charges | $3,165,453 |
| Net Land, buildings, and equipment | $282,687,194 |
| Investments—publicly traded securities | $139,991,666 |
| Investments—other securities | $9,235,149 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,863,504 |
| Total assets | $632,619,187 |
| Accounts payable and accrued expenses | $17,290,514 |
| Grants payable | $0 |
| Deferred revenue | $34,261,663 |
| 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 | $75,063,515 |
| Other liabilities | $15,920,590 |
| Total liabilities | $142,536,282 |
| Net assets without donor restrictions | $230,957,612 |
| Net assets with donor restrictions | $259,125,293 |
| 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 | $632,619,187 |
Grants Awarded
Over the last fiscal year, John F Kennedy Center For The Performing Arts has awarded $404,725 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TURANROUND ARTS CALIFORNIA PURPOSE: TURNAROUND ARTS | $176,000 |
EXPLORING THE ARTS IN CALIFORNIA PURPOSE: TURNAROUND ARTS | $56,000 |
ACTF MANAGEMENT LTD PURPOSE: KC AMERICAN COLLEGE | $46,500 |
EUGENE O'NEIL THEATER CENTER PURPOSE: KC AMERICAN COLLEGE | $27,843 |
DES MOINES INDEPENDENT COM SCHOOL DISTRICT PURPOSE: TURNAROUND ARTS | $24,000 |
MILWAUKEE BOARD OF SCHOOL DIRECTORS PURPOSE: TURNAROUND ARTS | $16,000 |