Luther F Carson Four Rivers Center Inc
- Assets
- $59.1m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 142
- Location
- Paducah, KY
- Founding
- 11/1996
- Data as of
- 06/2022
- EIN
- 61-1293428
Organization Overview
Luther F Carson Four Rivers Center Inc is located in Paducah, KY. The organization was established in 1996. 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 06/2022, Luther F Carson Four Rivers Center Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luther F Carson Four Rivers Center 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 06/2022, Luther F Carson Four Rivers Center Inc generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. 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
PROVIDE PERFORMING ARTS CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CARSON CENTER IS A REGIONAL PERFORMING ARTS CENTER THAT PRESENTS PERFORMANCES AND PROGRAMS FOR AUDIENCES OF ALL AGES THROUGHOUT THE YEAR. ALMOST ALL ARE PART OF NATIONAL TOURS BY PROFESSIONAL PERFORMING ARTISTS. THE CARSON CENTER ALSO WORKS WITH LOCAL ARTISTS, TEACHERS, AND LIBRARIANS TO HOST ARTS-EDUCATION AND AUDIENCE ENGAGEMENT EXPERIENCES FOR CHILDREN, YOUTH, AND ADULTS AT THE CENTER AND IN THE COMMUNITY. THE LIVE PERFORMANCES AT THE CARSON CENTER INCLUDE BROADWAY PRODUCTIONS, CONCERTS, COMEDIANS, PLAYS BY THEATRE COMPANIES, DANCE, AND ENTERTAINMENT FOR CHILDREN AND FAMILIES. SINCE THE CARSON CENTER'S OPENING IN 2004, ALMOST 2 MILLION PEOPLE FROM THROUGHOUT THE NATION HAVE VISITED THE FACILITY FOR ITS PERFORMANCES, SPECIAL PROGRAMS, AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Katz Executive Director | Officer | 40 | $169,740 |
Meagen Hogancamp Director Of Finance | Officer | 40 | $28,030 |
Mike Livingston Secretary | OfficerTrustee | 1 | $0 |
Basil Drossos Director | OfficerTrustee | 1 | $0 |
Sandra Wilson Vice Chair | OfficerTrustee | 1 | $0 |
Roy Riley Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,690,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,019,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,710,373 |
| Total Program Service Revenue | $1,554,867 |
| Investment income | $1,377,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,333 |
| Net Gain/Loss on Asset Sales | -$279,695 |
| Net Income from Fundraising Events | $21,043 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,458,266 |
| 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. | $209,672 |
| Compensation of current officers, directors, key employees. | $209,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $844,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,980 |
| Payroll taxes | $81,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,730 |
| Fees for services: Accounting | $12,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $573,349 |
| Advertising and promotion | $203,453 |
| Office expenses | $58,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,303 |
| Travel | $1,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$48 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,000,253 |
| Insurance | $102,647 |
| All other expenses | $48,364 |
| Total functional expenses | $3,965,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,197,372 |
| Savings and temporary cash investments | $803,781 |
| Pledges and grants receivable | $22,246,617 |
| Accounts receivable, net | $44,156 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,389 |
| Prepaid expenses and deferred charges | $126,707 |
| Net Land, buildings, and equipment | $19,722,326 |
| Investments—publicly traded securities | $14,898,865 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,471 |
| Total assets | $59,072,684 |
| Accounts payable and accrued expenses | $285,628 |
| Grants payable | $0 |
| Deferred revenue | $591,962 |
| 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 | $877,590 |
| Net assets without donor restrictions | $35,529,948 |
| Net assets with donor restrictions | $22,665,146 |
| 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 | $59,072,684 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Luther F Carson Four Rivers Center Inc has recieved totaling $45,724.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of West Kentucky Inc Paducah, KY PURPOSE: PROGRAM SUPPORT | $44,724 |
Reed Foundation Gilbertsville, KY PURPOSE: OPERATING BUDGET | $1,000 |
Endowment Analysis
| Beg. Balance | $25,305,020 |
| Earnings | -$3,904,057 |
| Net Contributions | $3,021,021 |
| Other Expense | $2,175,367 |
| Ending Balance | $22,246,617 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Music And Dance Theater Chicago Inc Chicago, IL | $59,585,451 | $8,251,636 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Playhouse Square Development Corporation Cleveland, OH | $842,822 | $0 |
Arts In Stark Canton, OH | $26,886,137 | $1,886,035 |