Germantown Performing Arts Center
- Assets
- $2.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Germantown, TN
- Founding
- 05/1986
- Data as of
- 06/2023
- 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 06/2023, Germantown Performing Arts Center generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 9.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
TO FOSTER AND PROMOTE THEATRICAL AND MUSICAL PERFORMANCES TO THE COMMUNITY AT THE GERMANTOWN PERFORMING ARTS CENTER AND THE GROVE OUTDOOR VENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Ross-Spang President | OfficerTrustee | 4 | $0 |
Patrick O'connor Vice President | OfficerTrustee | 1 | $0 |
Carlton Anderson Secretary | OfficerTrustee | 2 | $0 |
Ann Nordeen Parker Assistant Secretary | OfficerTrustee | 1 | $0 |
William H Watkins Treasurer | OfficerTrustee | 2 | $0 |
Lee Grinspan Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $110,250 |
| Related organizations | $0 |
| Government grants | $724,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $429,742 |
| Noncash contributions included in lines 1a–1f | $62,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,264,092 |
| Total Program Service Revenue | $709,385 |
| Investment income | $14,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,287 |
| Net Gain/Loss on Asset Sales | -$16,750 |
| Net Income from Fundraising Events | -$7,611 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $75,161 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,067,183 |
| 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 | $49,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,038 |
| Fees for services: Other | $316,707 |
| Advertising and promotion | $60,623 |
| Office expenses | $55,607 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,797 |
| Insurance | $9,218 |
| All other expenses | $272,031 |
| Total functional expenses | $1,849,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $876,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $799,837 |
| Accounts receivable, net | $13,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,403 |
| Prepaid expenses and deferred charges | $29,445 |
| Net Land, buildings, and equipment | $507,696 |
| Investments—publicly traded securities | $444,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,674,169 |
| Accounts payable and accrued expenses | $81,912 |
| Grants payable | $0 |
| Deferred revenue | $176,691 |
| 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 | $0 |
| Total liabilities | $258,603 |
| Net assets without donor restrictions | $2,173,954 |
| Net assets with donor restrictions | $241,612 |
| 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 | $2,674,169 |