Peace Center Foundation

Organization Overview

Peace Center Foundation, operating under the name Peace Center, is located in Greenville, SC. The organization was established in 1987. 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 08/2021, Peace Center employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peace Center 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 08/2021, Peace Center generated $17.6m 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 (3.2%) each year. All expenses for the organization totaled $7.0m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENRICH THE LIVES OF EVERYONE WE REACH

Describe the Organization's Program Activity:

THE PEACE CENTER PRESENTS HIGH QUALITY AND CULTURALLY SIGNIFICANT PERFORMING ARTISTS OF VARIED GENRES. THE ESTABLISHMENT OF THE VENUE AND RESULTANT PROGRAMMING MAKE THE PERFORMING ARTS ACCESSIBLE TO THE REGIONAL COMMUNITY. PERFORMANCES INCLUDE BROADWAY SHOWS, DANCE, FOLK, CLASSICAL, CHORAL, INTERNATIONAL, BLUES, ROCK, JAZZ, AND OPERA.


THE PEACE CENTER'S PERFORMANCE SERIES OF YOUTH PROVIDES STUDENTS, TEACHERS, AND HOME SCHOOL COMMUNITIES FROM ACROSS THE REGION THE OPPORTUNITY TO VIEW LIVE PROFESSIONAL THEATER, DANCE, AND MUSICAL EVENTS. THE PEACE CENTER ALSO PROVIDES TEACHER WORKSHOPS, ARTIST-IN-RESIDENCE PROGRAMS, A SUMMER TEACHER INSTITUTE, MASTERS CLASSES TAUGHT BY INTERNATIONALLY RENOWED ARTISTS FOR ASPIRING ARTISTS OF ALL AGES.


THE PEACE CENTER SERVES AS THE PRIMARY VENUE FOR LOCAL PERFORMING ARTS ORGANIZATIONS TO PRESENT PROGRAMMING GEAR TO THAT ORGANIZATION'S SPECIFIC ART FOCUS. THE PEACE CENTER'S RESIDENT COMPANIES INCLUDE THE GREENVILLE SYMPHONY ORCHESTRA, SOUTH CAROLINA CHILDREN'S THEATER, CAROLINA BALLET, INTERNATIONAL BALLET, AND SOUTH CAROLINA GOVERNOR'S SCHOOL FOR THE ARTS AND HUMANITIES. THE PEACE CENTER PROVIDES PROFESSIONAL FACILITY AND EVENT SERVICES AT SIGNIFICANTLY SUBSIDIZED RATES TO FISCALLY SUPPORT THE EFFORTS OF THESE LOCAL PERFORMING ARTS ORGANIZATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Buena Vista Theatrical Group Ltd
Broadway Production
$1,559,603
Lms Touring Llc
Broadway Production
$867,406
My Fair Lady On Tour Llc
Broadway Production
$653,291
Stagetech Productions Llc
Stage Labor
$356,411
Beautiful Tour Carole Co Lp
Broadway Production
$287,415
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $8,895,008
All other contributions, gifts, grants, and similar amounts not included above$4,739,411
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,634,419
Total Program Service Revenue$780,428
Investment income $980,584
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $635,756
Net Gain/Loss on Asset Sales $1,158,097
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $49,013
Miscellaneous Revenue$0
Total Revenue $17,581,209

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Peace Center Foundation has recieved totaling $19,125.

Awarding OrganizationAmount
Jean T And Heyward G Pelham Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$10,000
David E Maguire Foundation Inc

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$5,000
Charles Timmons Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$2,500
Elbert W Rogers Foundation

Greenville, SC

PURPOSE: 2022 SEASON SUPPORT

$1,500
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$125
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$36,992,131
Earnings$9,243,703
Other Expense$228,137
Ending Balance$46,007,697

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