Germantown Performing Arts Center
- Assets
- $1.5m
- Revenue
- $740.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Germantown, TN
- Founding
- 05/1986
- Data as of
- 06/2021
- EIN
- 58-1652763
Organization Overview
Germantown Performing Arts Center is located in Germantown, TN. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Germantown Performing Arts 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 06/2021, Germantown Performing Arts Center generated $740.4k 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 (3.8%) each year. All expenses for the organization totaled $595.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) 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
TO FOSTER AND PROMOTE THEATRICAL AND MUSICAL PERFORMANCES TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER AND PROMOTE THEATRICAL AND MUSICAL PERFORMANCES TO THE COMMUNITY AT THE GERMANTOWN PERFORMING ARTS CENTER AND THE GROVE OUTDOOR VENUE.TOTAL PERSONS BENEFITED: 92,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chandler Executive Director | Officer | 40 | $35,000 |
Carol Ross-Spang President | Trustee | 4 | $0 |
Patrick O'connor Vice President | Trustee | 1 | $0 |
William Watkins Treasurer | Trustee | 2 | $0 |
Trey Watkins Assistant Treasurer | Trustee | 1 | $0 |
Carlton Anderson Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $379,325 |
| Noncash contributions included in lines 1a–1f | $37,680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,325 |
| Total Program Service Revenue | $237,305 |
| Investment income | $1,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,521 |
| Net Gain/Loss on Asset Sales | $159 |
| Net Income from Fundraising Events | -$13,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $68,871 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $740,442 |
| 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. | $35,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $24,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,099 |
| Advertising and promotion | $43,374 |
| Office expenses | $8,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,149 |
| Insurance | $10,976 |
| All other expenses | $2,500 |
| Total functional expenses | $595,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $324,647 |
| 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 | $6,479 |
| Prepaid expenses and deferred charges | $37,118 |
| Net Land, buildings, and equipment | $356,285 |
| Investments—publicly traded securities | $90,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,542,259 |
| Accounts payable and accrued expenses | $97,128 |
| Grants payable | $0 |
| Deferred revenue | $224,709 |
| 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 | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $471,737 |
| Net assets without donor restrictions | $650,584 |
| Net assets with donor restrictions | $419,938 |
| 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 | $1,542,259 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Germantown Performing Arts Center has recieved totaling $24,754.
| Awarding Organization | Amount |
|---|---|
Methodist Lebonheur Healthcare Memphis, TN PURPOSE: GPAC 2021-2022 | $10,000 |
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT | $8,500 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $6,254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |