North Carolina Performing Arts Center At Charlotte Foundation
- Assets
- $47.4m
- Revenue
- $23.7m
- Investments
- $0.0
- Employees
- 443
- Location
- Charlotte, NC
- Founding
- 06/1988
- Data as of
- 08/2020
- EIN
- 58-1791724
Organization Overview
North Carolina Performing Arts Center At Charlotte Foundation is located in Charlotte, NC. The organization was established in 1988. 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, North Carolina Performing Arts Center At Charlotte Foundation employed 443 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Performing Arts Center At Charlotte Foundation 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 08/2020, North Carolina Performing Arts Center At Charlotte Foundation generated $23.7m 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 (6.0%) each year. All expenses for the organization totaled $26.6m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OBLUMENTHAL PERFORMING ARTS' MISSION IS TO PRESENT THE BEST IN THE PERFORMING ARTS AND, IN PARTNERSHIP WITH OTHERS, SHARE AND EMPLOY THE ARTS AS A MAJOR CATALYST TO STRENGTHEN EDUCATION, BUILD COMMUNITY COHESIVENESS AND ADVANCE ECONOMIC GROWTH. BLUMENTHAL PERFORMING ARTS HAS CREATED THE MOST ROBUST TOURING THEATRICAL MARKET IN THE US AND REMAINS A CORNERSTONE OF THE CHARLOTTE COMMUNITY. A HUB FOR RESIDENT ARTS GROUPS AND DOZENS OF GRASSROOTS GROUPS, BLUMENTHAL ANNUALLY PRESENTS DIVERSE PERFORMANCES IN HIP HOP, SPOKEN WORD, EDGY THEATER, IMPROV, PODCASTING AND MORE ON SIX STAGES STRETCHED ACROSS FIVE BLOCKS IN UPTOWN CHARLOTTE. ALTHOUGH BROADWAY PRODUCTIONS PAUSED FOR THE FIRST 13 MONTHS OF THE PANDEMIC, BLUMENTHAL MAINTAINED ITS PRESENCE IN THE COMMUNITY AS A CREATIVE LEADER BY LAUNCHING IMMERSIVE VAN GOGH AND HOLDING SMALL VIRTUAL OR IN-PERSON EVENTS WHEN POSSIBLE INCLUDING ACOUSTIC GRACE, OPEN MIC AND NERDY NIGHT IN, AMONG OTHERS. BLUMENTHAL'S KEY PROGRAMS BROUGHT JOY TO TEACHERS AND STUDENTS DURING TIMES WHEN THE PANDEMIC LIMITED STUDENT INTERACTIONS. THE BLUMEY AWARDS, WHICH CELEBRATES EXCELLENCE IN HIGH SCHOOL MUSICAL THEATER, AND THE JUNIOR THEATER PROGRAM FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS, WHICH USES MUSICAL THEATER TO FOSTER CREATIVITY, PROBLEM SOLVING, TEAMWORK, CONFIDENCE AND SPEAKING ABILITY, TRANSITIONED TO VIRTUAL FORMATS. EMERGING FROM THE PANDEMIC, BLUMENTHAL CONTINUES TO FIND NEW AND INNOVATIVE WAYS TO ENGAGE THE COMMUNITY THROUGH ALL CREATIVE OUTLETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Gabbard President | Officer | 60 | $399,246 |
Steve Brace VP Of Admin/cfo | Officer | 60 | $190,221 |
Wendy Oglesby VP Of Marketing & Comm | 50 | $151,411 | |
William Dantos VP Of Theater Opeartions | Officer | 60 | $150,178 |
Elizabeth Law VP Of Development | 50 | $119,785 | |
Sherri Grace Controller | 50 | $105,993 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fish With Cheese Broadway Show | 8/30/21 | $795,496 |
Worldwide Touring Inc Broadway Show | 8/30/21 | $148,645 |
My Fair Lady On Tour Llc Broadway Show | 8/30/21 | $631,007 |
Bighouse Marketing Llc Broadway Show | 8/30/21 | $169,099 |
Jr Affiliates Llc Broadway Show | 8/30/21 | $215,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,188,812 |
| Investment income | $37,615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $933,388 |
| 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 | $774,199 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,681,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $89,571 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,740,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,429,666 |
| Pension plan accruals and contributions | $170,683 |
| Other employee benefits | $638,914 |
| Payroll taxes | $311,203 |
| Fees for services: Management | $8,820 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,409 |
| Fees for services: Other | $859,997 |
| Advertising and promotion | $1,789,778 |
| Office expenses | $741,697 |
| Information technology | $0 |
| Royalties | $696,530 |
| Occupancy | $403,849 |
| Travel | $290,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,733 |
| Interest | $5,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $719,812 |
| Insurance | $168,131 |
| All other expenses | $0 |
| Total functional expenses | $26,607,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,660 |
| Savings and temporary cash investments | $9,754,100 |
| Pledges and grants receivable | $620,782 |
| Accounts receivable, net | $3,181,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,535 |
| Prepaid expenses and deferred charges | $1,064,000 |
| Investments—publicly traded securities | $14,326,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,898,496 |
| Total assets | $47,388,531 |
| Accounts payable and accrued expenses | $1,291,810 |
| Grants payable | $0 |
| Deferred revenue | $10,966,382 |
| 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 | $1,723,525 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $773,722 |
| Total liabilities | $14,755,439 |
| 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 |
| Total liabilities and net assets/fund balances | $32,633,092 |
Grants Awarded
Over the last fiscal year, North Carolina Performing Arts Center At Charlotte Foundation has awarded $55,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WEST CAROLINA UNIVERSITY PURPOSE: SCHOLARSHIP AWARD | $10,000 |
Greensboro, NC PURPOSE: SCHOLARSHIP AWARD | $10,000 |
NC CENTRAL UNIVERSITY PURPOSE: SCHOLARSHIP AWARD | $10,000 |
RUTGERS UNIVERSITY PURPOSE: SCHOLARSHIP AWARD | $10,000 |
UNC SCHOOL OF THE ARTS PURPOSE: SCHOLARSHIP AWARD | $10,000 |
Boiling Springs, NC PURPOSE: SCHOLARSHIP AWARD | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that North Carolina Performing Arts Center At Charlotte Foundation has recieved totaling $399,291.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $275,097 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $30,800 |
Foundation For The Charlotte Jewish Community Charlotte, NC PURPOSE: CHARITABLE GIFT | $24,352 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,956 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $9,049 |
Endowment Analysis
| Beg. Balance | $23,655,043 |
| Earnings | $4,790,754 |
| Net Contributions | $12,705 |
| Other Expense | $72,346 |
| Ending Balance | $28,386,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Performing Arts Center At Charlotte Foundation Charlotte, NC | $47,388,531 | $23,681,356 |
Tennessee Performing Arts Center Management Corporation Nashville, TN | $35,782,071 | $25,885,364 |
Peace Center Foundation Greenville, SC | $99,689,105 | $17,581,209 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Pack Place Performing Arts Asheville, NC | $4,993,053 | $1,808,862 |
Academy Center Of The Arts Inc Lynchburg, VA | $41,266,969 | $2,992,535 |
Richmond Performing Arts Alliance Richmond, VA | $133,538,095 | $2,679,969 |
North Carolina Soybean Producers Raleigh, NC | $5,156,831 | $2,482,483 |