Vail Performing Arts Academy Inc
- Assets
- $250.6k
- Revenue
- $213.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Edwards, CO
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 84-1472671
Organization Overview
Vail Performing Arts Academy Inc is located in Edwards, CO. The organization was established in 1998. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Performing Arts Academy 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 12/2021, Vail Performing Arts Academy Inc generated $213.1k 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 (5.3%) each year. All expenses for the organization totaled $211.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 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
CHILDRENS COMMUNITY THEATRICAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN IN PERFORMING ARTS WHERE THERE ARE NO PUBLIC SCHOOL PROGRAMS. TEACHES CHILDREN PERFORMING ARTS AND PUTS ON PUBLIC PERFORMANCES INVOLVING CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Meiring Director | Trustee | 40 | $71,334 |
Annah Scully Director | Trustee | 40 | $43,400 |
Greta Galli President | OfficerTrustee | 7 | $0 |
Donatella Scaniello Secretary/tr | OfficerTrustee | 0.5 | $0 |
Lyn Woods Vice Preside | OfficerTrustee | 0.5 | $0 |
Paul Borillo Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,334 |
| Noncash contributions included in lines 1a–1f | $20,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,534 |
| Total Program Service Revenue | $83,250 |
| Investment income | $1,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$329 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,099 |
| 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. | $114,734 |
| Compensation of current officers, directors, key employees. | $28,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $15,600 |
| Other employee benefits | $1,445 |
| Payroll taxes | $4,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,051 |
| Advertising and promotion | $2,316 |
| Office expenses | $1,717 |
| Information technology | $681 |
| Royalties | $0 |
| Occupancy | $5,660 |
| Travel | $1,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,230 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141 |
| Insurance | $1,523 |
| All other expenses | $1,367 |
| Total functional expenses | $211,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,977 |
| Savings and temporary cash investments | $111,951 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $5,664 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,592 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,051 |
| Total liabilities | $6,051 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $244,541 |
| Total liabilities and net assets/fund balances | $250,592 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Vail Performing Arts Academy Inc has recieved totaling $33,800.
| Awarding Organization | Amount |
|---|---|
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT THE ARTS | $10,600 |
The Winmax Foundation Inc Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $10,000 |
Vilar Center Arts Foundation Avon, CO PURPOSE: GENERAL SUPPORT | $6,000 |
Precourt Foundation Edwards, CO PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $5,000 |
Gary A Wicklund Family Foundation Coralville, IA PURPOSE: EDUCATION/CULTURE | $1,200 |
Kelton Family Foundation Vail, CO PURPOSE: SUPPORT TAX EXEMPT MISSION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hale Centre Theatre Sandy, UT | $67,089,883 | $41,532,108 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Omaha Theater Company Omaha, NE | $9,432,355 | $7,494,980 |
Theatre Aspen Aspen, CO | $2,636,414 | $3,832,324 |
Childsplay Inc Tempe, AZ | $2,399,283 | $3,822,737 |
Abt Performing Arts Association Inc Peoria, AZ | $3,404,145 | $5,585,443 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
International Alliance Theatrical Stage Employees & Moving Picture Santa Fe, NM | $2,914,386 | $3,481,191 |
Amp Concerts Albuquerque, NM | $3,001,759 | $3,001,207 |
Rocky Mountain Repertorey Theatre Grand Lake, CO | $9,762,143 | $2,216,400 |