John F Kennedy Center For The Performing Arts
- Assets
- $656.9m
- Revenue
- $131.9m
- Investments
- $3.4m
- Employees
- 2,093
- Location
- Washington, DC
- Founding
- 03/1959
- Data as of
- 09/2021
- 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 09/2021, John F Kennedy Center For The Performing Arts employed 2,093 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 09/2021, John F Kennedy Center For The Performing Arts generated $131.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $138.5m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 years. 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 51 individual grants totaling $1,411,614. 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
2021
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:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Deborah F Rutter President | Officer | 39.94 | $507,376 |
Mr Gary Ginstling Executive Director, Nso | Officer | 38.85 | $358,223 |
Mr Timothy O'leary General Director, Wno | Officer | 38.85 | $321,530 |
Ms Lynne H Pratt Chief Financial Officer | Officer | 37.58 | $305,526 |
Ms Leslie J Miller Sr Vp, Development | Officer | 40 | $284,946 |
Mr Robert Van Leer Sr Vp, Artistic Planning | Officer | 40 | $280,688 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kierantimberlake Llc Architect | 9/29/21 | $1,812,481 |
My Fair Lady On Tour Llc Touring Company | 9/29/21 | $2,044,447 |
Gov Services Inc Housekeeping | 9/29/21 | $2,972,675 |
Whiting-turner Contracting Construction | 9/29/21 | $7,108,773 |
Securiguard Inc Security | 9/29/21 | $5,840,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,083 |
| Membership dues | $6,011,207 |
| Fundraising events | $5,995,454 |
| Related organizations | $1,357,054 |
| Government grants | $48,953,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,099,862 |
| Noncash contributions included in lines 1a–1f | $5,065,892 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,420,321 |
| Total Program Service Revenue | $10,906,561 |
| Investment income | $2,557,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $235,416 |
| Net Rental Income | -$1,917,922 |
| Net Gain/Loss on Asset Sales | $3,388,624 |
| Net Income from Fundraising Events | -$463,237 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$238,840 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,887,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $499,491 |
| Grants and other assistance to domestic individuals. | $699,081 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,051,512 |
| Compensation of current officers, directors, key employees. | $1,508,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,520,191 |
| Pension plan accruals and contributions | $3,927,513 |
| Other employee benefits | $6,096,061 |
| Payroll taxes | $3,418,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $433,635 |
| Fees for services: Accounting | $290,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $278,805 |
| Fees for services: Investment Management | $184,520 |
| Fees for services: Other | $28,979,773 |
| Advertising and promotion | $1,231,659 |
| Office expenses | $2,525,169 |
| Information technology | $1,480,598 |
| Royalties | $130,595 |
| Occupancy | $3,184,953 |
| Travel | $1,226,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $538,269 |
| Interest | $2,189,199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,559,983 |
| Insurance | $450,442 |
| All other expenses | $0 |
| Total functional expenses | $138,496,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,895,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,897,731 |
| Accounts receivable, net | $2,262,083 |
| Loans from Officers, Directors, or Controlling Persons | $8,875 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $511,050 |
| Prepaid expenses and deferred charges | $1,539,852 |
| Net Land, buildings, and equipment | $301,051,962 |
| Investments—publicly traded securities | $129,449,031 |
| Investments—other securities | $3,441,950 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,844,676 |
| Total assets | $656,902,311 |
| Accounts payable and accrued expenses | $18,631,642 |
| Grants payable | $0 |
| Deferred revenue | $32,055,749 |
| 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 | $81,566,218 |
| Other liabilities | $8,516,604 |
| Total liabilities | $140,770,213 |
| Net assets without donor restrictions | $273,674,426 |
| Net assets with donor restrictions | $242,457,672 |
| 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 | $656,902,311 |
Grants Awarded
Over the last fiscal year, John F Kennedy Center For The Performing Arts has awarded $355,144 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TA LOCAL PROGRAM | $138,100 |
STATE OF MINNESOTA PURPOSE: TA LOCAL PROGRAM | $46,679 |
Wenatchee, WA PURPOSE: ACTF GRANT | $33,200 |
Astoria, NY PURPOSE: TA LOCAL PROGRAM | $22,000 |
DES MOINES INDEPENDENT COMMUNITY SCHOOL DISTRICT PURPOSE: TA LOCAL PROGRAM | $22,000 |
Washington, DC PURPOSE: Baltimore-Washington | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that John F Kennedy Center For The Performing Arts has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Pyle Foundation Madison, WI PURPOSE: GENERAL SUPPORT | $50,000 |
Carter & Melissa Cafritz Charitable Tr Washington, DC PURPOSE: DC SCHOOLS PARTNERSHIP | $10,000 |
Endowment Analysis
| Beg. Balance | $123,629,319 |
| Earnings | $16,530,217 |
| Admin Expense | $182,285 |
| Net Contributions | $9,195,507 |
| Other Expense | $1,573,093 |
| Ending Balance | $147,599,665 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John F Kennedy Center For The Performing Arts Washington, DC | $656,902,311 | $131,887,930 |
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Washington Performing Arts Society Washington, DC | $12,549,147 | $4,886,462 |
Lyric Foundation Inc Baltimore, MD | $19,508,427 | $4,826,860 |
Hippodrome Foundation Inc Baltimore, MD | $13,272,762 | $8,345,176 |
Maryland Hall For The Creative Arts Inc Annapolis, MD | $14,959,941 | $1,722,678 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Atlas Performing Arts Center Washington, DC | $17,353,205 | $2,355,130 |
Maryland Theatre Association Inc Hagerstown, MD | $20,853,735 | $2,408,622 |
The National Theatre Foundation Washington, DC | $6,261,563 | $1,353,760 |
Academy Center Of The Arts Inc Lynchburg, VA | $41,266,969 | $2,992,535 |
Richmond Performing Arts Alliance Richmond, VA | $133,538,095 | $2,679,969 |