Performing Arts Center Inc
- Assets
- $15.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Highlands, NC
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 56-2155282
Organization Overview
Performing Arts Center Inc is located in Highlands, NC. The organization was established in 1999. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Performing Arts Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performing Arts Center 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 12/2021, Performing Arts Center Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $438.0k during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUR COMMUNITY WITH THE BENEFIT OF A LOW COST FACILITY FOR LOCAL ORGANIZATIONS TO PROMOTE AND ENCOURAGE ARTS AND THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A LOCAL BUILDING FOR COMMUNITY USE FOR PROMOTING ARTS AND THEATRE TO THE COMMUNITY.
SCHEDULE T RENTAL OF MANN HOUSE
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 |
|---|---|---|---|
Minnie Bob Campbell Treasurer | OfficerTrustee | 4 | $0 |
Ruth Claiborne Vice Preside | OfficerTrustee | 4 | $0 |
Jane Webb Lacagnina Secretary | OfficerTrustee | 4 | $0 |
Frank Oliver Assistant Tr | OfficerTrustee | 4 | $0 |
Rick Trevathan President | OfficerTrustee | 4 | $0 |
Mike Campbell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,470 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,900,120 |
| Noncash contributions included in lines 1a–1f | $22,061 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,978,590 |
| Total Program Service Revenue | $179,861 |
| Investment income | $4,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,177,226 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,853 |
| Advertising and promotion | $33,815 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,986 |
| Travel | $1,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,951 |
| Insurance | $18,372 |
| All other expenses | $12,511 |
| Total functional expenses | $437,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,651,988 |
| Savings and temporary cash investments | $3,057,245 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $13,959 |
| Net Land, buildings, and equipment | $5,172,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,942,194 |
| Total assets | $15,838,046 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $56,816 |
| Total liabilities | $56,816 |
| Net assets without donor restrictions | $0 |
| 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 | $15,781,230 |
| Total liabilities and net assets/fund balances | $15,838,046 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Performing Arts Center Inc has recieved totaling $1,672,350.
| Awarding Organization | Amount |
|---|---|
A L Williams Jr Family Foundation Inc Duluth, GA PURPOSE: CHARITABLE PURPOSES | $1,600,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $41,100 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $15,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $10,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ARTS/CULTURE/HUMANITIES | $5,250 |
Jordan Foundation Inc Columbus, GA PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
Barter Foundation Incorporated State Theatre Of Virginia Abingdon, VA | $10,953,876 | $6,208,012 |
American Shakespeare Center Staunton, VA | $2,626,073 | $2,087,317 |
Childrens Theatre Of Charlotte Inc Charlotte, NC | $26,819,373 | $2,866,228 |
North Carolina Theatre Raleigh, NC | $3,174,252 | $3,580,122 |
Roanoke Island Historical Association Inc Manteo, NC | $10,126,995 | $2,839,927 |
Carolina Theatre Of Durham Inc Durham, NC | $4,096,389 | $4,794,341 |
Nashville Repertory Theatre Inc Nashville, TN | $1,810,998 | $3,171,319 |
Triad Stage Inc Greensboro, NC | $3,172,585 | $1,782,621 |
Circuit Playhouse Inc Memphis, TN | $16,830,150 | $2,686,872 |
Cumberland County Playhouse Inc Crossville, TN | $3,086,163 | $3,321,582 |