Tennessee Performing Arts Center Management Corporation
- Assets
- $35.8m
- Revenue
- $25.9m
- Investments
- $0.0
- Employees
- 362
- Location
- Nashville, TN
- Founding
- 07/1978
- Data as of
- 06/2022
- EIN
- 58-1320590
Organization Overview
Tennessee Performing Arts Center Management Corporation is located in Nashville, TN. The organization was established in 1978. 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 06/2023, Tennessee Performing Arts Center Management Corporation employed 362 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Performing Arts Center Management Corporation 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 06/2022, Tennessee Performing Arts Center Management Corporation generated $25.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $21.8m during the year ending 06/2022. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE EXPERIENCES THROUGH PERFORMING ARTS; PROVIDE ARTS ENTERTAINMENT/EDUCATION TO TN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TPAC ENTERED INTO AN AGREEMENT WITH THE STATE OF TENNESSEE & THE TENNESSEE PERFORMING ARTS FOUNDATION IN 1978. THE INITIAL AGREEMENT ESTABLISHED TPAC PRINCIPALLY FOR THE PURPOSE OF PRESENTING QUALITY ARTS ENTERTAINMENT & EDUCATION TO TENNESSEE RESIDENTS THROUGH THE OPERATION OF THE TENNESSEE PERFORMING ARTS CENTER. TPAC HAS ADMINISTRATIVE CONTROL OVER THE OPERATIONS AND FUNCTIONS OF THE FOUR THEATERS LOCATED IN TWO BUILDINGS IN DOWNTOWN NASHVILLE. IN ADDITION TO ITS ROLE WITH THE STATE OF TENNESSEE, TPAC OPERATES SEVERAL PROGRAM INITIATIVES INCLUDING SEVEN ARTS EDUCATION PROGRAMS, PUBLIC OFFERINGS SUCH AS A BROADWAY SERIES, CONCERTS, COMEDY SHOWS, ETC. ADDITIONALLY, TPAC RENTS ITS FACILITIES TO THREE PERFORMING ARTS RESIDENT COMPANIES - THE NASHVILLE OPERA ASSOCIATION, NASHVILLE BALLET, AND THE NASHVILLE REPERTORY THEATRE, ALL THREE OF WHICH ARE NON-PROFIT ORGANIZATIONS. TPAC ALSO RENTS ITS FACILITIES TO OUTSIDE PROMOTERS FOR EVENTS IN WHICH THE PROMOTERS ARE AT RISK, AND TO THE STATE OF TENNESSEE (WITH RENT WAIVED) FOR STATE EVENTS. TO SUPPORT PUBLIC PROGRAMMING, TPAC OPERATES ITS OWN TICKETING SERVICES. TPAC SUPPORTS ITS MISSION OF PROVIDING ARTS, CULTURE AND EDUCATION FOR THE COMMUNITY BY FUNDRAISING FROM INDIVIDUALS, CORPORATIONS, GOVERNMENT AND FOUNDATIONS.
DURING THE 2023 FISCAL YEAR, THE SEASON FOR YOUNG PEOPLE (PREVIOUSLY CALLED HUMANITIES OUTREACH IN TENNESSEE) PRESENTED PROFESSIONAL PERFORMANCES OF THEATER, DANCE AND MUSIC FOR STUDENT AUDIENCES. THE SEASON INCLUDED LIVE PERFORMANCES AT TPAC AS WELL AS VIRTUAL PERFORMANCES AVAILABLE FOR STUDENTS TO VIEW REMOTELY FROM THEIR CLASSROOM. TPAC ALSO PROVIDED INTERACTIVE VIRTUAL WORKSHOPS FOR EDUCATORS AND ARTIST DISCUSSIONS WITH STUDENTS. DURING THE 2022-2023 ACADEMIC YEAR, 23,193 STUDENTS AND TEACHERS FROM 203 SCHOOL GROUPS ATTENDED SEASON FOR YOUNG PEOPLE PERFORMANCES (46,456 STUDENTS AND TEACHERS FROM 429 SCHOOL GROUPS DURING THE 2021-2022 ACADEMIC YEAR).
DISNEY MUSICALS IN SCHOOLS ("DMIS") DEVELOPS SUSTAINABLE MUSICAL THEATRE PROGRAMS IN PUBLIC ELEMENTARY AND MIDDLE SCHOOLS. THE PROGRAM PROVIDES SCHOOL FACULTY WITH THE TRAINING AND TOOLS NECESSARY TO SUPPORT STUDENT PERFORMANCE AND PRODUCTION AND TO EMPOWER THEM TO DO SO. PARTICIPATING SCHOOLS RECEIVE (AT NO COST) A PERFORMANCE LICENSE TO ANY DISNEY KIDS MUSICAL, SHOWKIT MATERIALS, INCLUDING DIRECTORS' GUIDES, STUDENT SCRIPTS, ACCOMPANIMENT AND VOCAL CDS AND A CHOREOGRAPHY DVD, AND CROSS-CURRICULAR ACTIVITIES. SCHOOLS ALSO RECEIVE SUPPORT FROM TEAMS OF TWO TPAC TEACHING ARTISTS DURING AFTER-SCHOOL RESIDENCIES THAT RUN FOR 20 WEEKS. IN 2022-2023 DMIS TEACHING ARTIST RESIDENCIES TOOK PLACE IN SEVEN SCHOOLS IN MNPS/DAVIDSON AND BEDFORD COUNTIES. EIGHT ADDITIONAL SCHOOL TEAMS COMPLETED DISNEY MUSICALS WITH STUDENTS BASED ON THE DMIS PROGRAM MODEL UNDER THEIR OWN DIRECTION. INCLUDING THE STUDENT SHARE DAY AT TPAC, 1,243 STUDENTS AND TEACHERS PARTICIPATED IN DMIS IN 2022-2023. (IN 2021-2022, 880 STUDENTS AND TEACHERS PARTICIPATED IN DMIS.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Philip Wenk Chair | OfficerTrustee | 2 | $0 |
Steve Mason Director | Trustee | 0.5 | $0 |
Ronald L Corbin Director | Trustee | 0.5 | $0 |
Jim Schmitz Vice Chair | OfficerTrustee | 2 | $0 |
Claire W Tucker Director | Trustee | 0.5 | $0 |
Todd Shipley Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angelica Tour Llc Producer | 6/29/23 | $3,393,089 |
Nashville Ballet Tenant | 6/29/23 | $1,545,249 |
The John Gore Organization Inc Producer | 6/29/23 | $1,339,857 |
Six Boleyn Tour Llc Producer | 6/29/23 | $883,080 |
Nashville Talent Payment Theatrical Stage Employee Union | 6/29/23 | $750,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,957,841 |
| Investment income | $515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $382,811 |
| Net Gain/Loss on Asset Sales | -$581,554 |
| Net Income from Fundraising Events | -$85,950 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $806,409 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,885,364 |
| Statement of Expenses | |
|---|---|
| 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. | $1,182,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,890,196 |
| Pension plan accruals and contributions | $122,588 |
| Other employee benefits | $615,209 |
| Payroll taxes | $456,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,767 |
| Fees for services: Accounting | $36,750 |
| Fees for services: Lobbying | $15,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,217,423 |
| Advertising and promotion | $1,444,590 |
| Office expenses | $797,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $86,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $733,757 |
| Insurance | $182,889 |
| All other expenses | $0 |
| Total functional expenses | $21,786,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,000 |
| Savings and temporary cash investments | $26,660,796 |
| Pledges and grants receivable | $3,913,623 |
| Accounts receivable, net | $660,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,086 |
| Prepaid expenses and deferred charges | $443,755 |
| Investments—publicly traded securities | $13,344 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,481 |
| Total assets | $35,782,071 |
| Accounts payable and accrued expenses | $2,043,033 |
| Grants payable | $0 |
| Deferred revenue | $13,877,525 |
| 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 | $39,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,071,236 |
| Total liabilities | $17,031,316 |
| Net assets without donor restrictions | $18,200,732 |
| Net assets with donor restrictions | $550,023 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $18,750,755 |