Raymond F Kravis Center For The Performing Arts Inc

Organization Overview

Raymond F Kravis Center For The Performing Arts Inc is located in West Palm Beach, FL. The organization was established in 1983. 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 06/2021, Raymond F Kravis Center For The Performing Arts Inc employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raymond F Kravis Center For The Performing Arts Inc 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 06/2020, Raymond F Kravis Center For The Performing Arts Inc generated $43.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $36.5m during the year ending 06/2020. While expenses have increased by 4.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PRESENT A DIVERSE SCHEDULE OF PERFORMING ARTISTS, FOSTER ARTS EDUCATION, AND SUPPORT TOURISM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DUE TO THE COVID PANDEMIC THE CENTER SHUT DOWN ITS PROGRAMMING ACTIVITIES IN MARCH 2020. DURING THE YEAR ENDED JUNE 30, 2021, THE CENTER HAD SOME VERY LIMITED SOCIALLY DISTANCED PROGRAMMING IN ITS SMALLER VENUES (RINKER PLAYHOUSE AND PERSSON HALL) - 5 ARTISTS PERFORMANCES.


THE CENTER ALSO OFFERED SOME VIRTUAL EDUCATIONAL OFFERINGS TO BOTH SCHOOL AGE CHILDREN AND ADULTS DURING THE FISCAL YEAR ENDED JUNE 30, 2021, INCLUSIVE OF VIRTUAL CAMPS, CLASSROOM CONNECTION ZOOM CLASSES AND KRAVIS AT HOME WEB-BASED ENTERTAINMENT.


DURING THE FISCAL YEAR ENDED JUNE 30, 2021 THE CENTER RETAINED ALL OF ITS FULL TIME STAFF (INCLUSIVE OF THOSE IN THE AREAS OF BOX OFFICE, MARKETING, BACKSTAGE TECHNICAL STAFF, FRONT OF HOUSE STAFF AND ITS PROGRAMMATIC AND EDUCATIONAL DEPARTMENTS) - THE BALANCE OF THE PROGRAM SERVICE EXPENSES CONSIST OF THOSE STAFF, AND AN ALLOCATION OF OVERALL ORGANIZATION EXPENSES TO THAT SEGMENT OF THE CENTER'S OPERATIONS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Judith A Mitchell
CEO
$1,065,351
Kyle Roberts-Ruge
CFO
$338,331
James Mitchell
Chief Operations Officer
$291,574
Lee Bell
Senior Director Of Program
$264,544
Diane Bergner
Senior Director Of Develop
$230,660
Andrew Segaloff
Senior Director
$159,479

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Weitz Company
Construction Services
$13,725,075
Sai Touring Llc
Artist Fee
$562,629
Bronx Touring Llc
Artist Fee
$486,124
Theatrical Payroll Service Florida Inc
Stage Labor
$852,391
Angelica Tour
Artist Fee
$6,505,943
The Weitz Company
Construction Services
$13,725,075
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$18,742,742
Investment income $2,716,066
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $663,100
Net Income from Fundraising Events -$341,198
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $37,269
Miscellaneous Revenue$0
Total Revenue $42,975,938

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Raymond F Kravis Center For The Performing Arts Inc has recieved totaling $42,000.

Awarding OrganizationAmount
$35,000
Madeline And Arnold Schuster Foundation Inc

Palm Beach, FL

PURPOSE: GENERAL PURPOSE

$2,500
Barry And Oblio Wish Family Foundation

Pearl River, NY

PURPOSE: GENERALOPERATIONS

$2,500
Norman & Myra Ricken Trust Charitable Trust

West Palm Beach, FL

PURPOSE: GENERAL

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$85,150,791
Earnings$14,151,085
Net Contributions$648,177
Other Expense$2,747,592
Ending Balance$97,202,461

Create an account to unlock the data you need.

or