Richmond Performing Arts Alliance
- Assets
- $133.5m
- Revenue
- $2.7m
- Investments
- $3.6m
- Employees
- 8
- Location
- Richmond, VA
- Founding
- 12/2001
- Data as of
- 06/2021
- EIN
- 54-2028439
Organization Overview
Richmond Performing Arts Alliance is located in Richmond, VA. The organization was established in 2001. 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 06/2021, Richmond Performing Arts Alliance employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Performing Arts Alliance 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 06/2021, Richmond Performing Arts Alliance generated $2.7m 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 (8.6%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RICHMOND PERFORMING ARTS ALLIANCE IS A 501(C)(3) ORGANIZATION WHOSE MISSION IS TO ADVANCE THE PERFORMING ARTS IN THE RICHMOND REGION THROUGH PROGRAMS AND RESOURCES THAT SUPPORT THE ARTISTS OF TODAY, NURTURE THE ARTISTS OF TOMORROW, AND PROVIDE SPACES FOR THE ARTS TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RPAA IS THE STEWARD OF WORLD-CLASS VENUES THAT PROVIDE A HOME FOR 11 LOCAL RESIDENT COMPANIES, A BROADWAY SERIES, TOURING SHOWS, CORPORATE AND PRIVATE EVENTS, AND OTHER COMMUNITY-BASED ARTS ORGANIZATIONS. RPAA ALSO IMPLEMENTS A COMPREHENSIVE ARTS EDUCATION PROGRAM - THE BRIGHTLIGHTS EDUCATION INITIATIVES. THESE INITIATIVES INCLUDE GREATER RICHMOND WOLF TRAP, THE DIGITAL ARTS LAB, AND THE GENWORTH LIGHTS UP! YOUTH SERIES. ALL PROGRAMMING IS OFFERED FREE OF CHARGE OR AT A SUBSIDIZED RATE TO YOUTH, FAMILIES, AND EDUCATORS WITH THE GOAL OF INCREASING EQUITY IN ACCESS TO ARTS AND ARTS "IN" EDUCATION. ADDITIONALLY, RPAA WORKS TO INCREASE THE DIVERSITY OF PROGRAMMING WITHIN THE VENUES AND BROADEN REACH TO NON-TRADITIONAL AUDIENCES, INCLUDING THE PRODUCTION OF ITS OWN CABARET SERIES THAT FEATURES LOCAL ARTISTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abbi Haggerty Executive Director | Officer | 40 | $105,981 |
Justin Laughter Chair | OfficerTrustee | 5 | $0 |
Scott Warren Treasurer | OfficerTrustee | 3 | $0 |
The Honorable Rodney T Willett Secretary | OfficerTrustee | 2 | $0 |
James E Ukrop Chairman Emeritus | OfficerTrustee | 2 | $0 |
J Robert Mooney Vice Chair Emeritus | OfficerTrustee | 2 | $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 | $2,071,310 |
| Noncash contributions included in lines 1a–1f | $130,433 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,071,310 |
| Total Program Service Revenue | $264,220 |
| Investment income | $31,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $177,982 |
| Net Income from Fundraising Events | -$5,520 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,679,969 |
| 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. | $110,121 |
| Compensation of current officers, directors, key employees. | $36,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,842 |
| Payroll taxes | $33,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,000 |
| Advertising and promotion | $19,467 |
| Office expenses | $26,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,682 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,359 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,769 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,389,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,716,320 |
| Accounts receivable, net | $42,673 |
| 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 | $1,275 |
| Net Land, buildings, and equipment | $9,083,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,570,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,828,643 |
| Total assets | $133,538,095 |
| Accounts payable and accrued expenses | $47,131 |
| Grants payable | $0 |
| Deferred revenue | $9,716,228 |
| 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 | $713,206 |
| Other liabilities | $9,009 |
| Total liabilities | $10,485,574 |
| Net assets without donor restrictions | $118,816,430 |
| Net assets with donor restrictions | $4,236,091 |
| 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 | $133,538,095 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richmond Performing Arts Alliance has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Christian Family Foundation Richmond, VA PURPOSE: ARTS | $12,000 |
Endowment Analysis
| Beg. Balance | $2,965,722 |
| Earnings | $740,185 |
| Net Contributions | $5,000 |
| Other Expense | $140,024 |
| Ending Balance | $3,570,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Washington Performing Arts Society Washington, DC | $12,549,147 | $4,886,462 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Lyric Foundation Inc Baltimore, MD | $19,508,427 | $4,826,860 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Hippodrome Foundation Inc Baltimore, MD | $13,272,762 | $8,345,176 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
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 |