Valley Performing Arts Center Inc
- Assets
- $674.6k
- Revenue
- $465.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Wasilla, AK
- Founding
- 06/1976
- Data as of
- 06/2024
- EIN
- 92-0058477
Organization Overview
Valley Performing Arts Center Inc is located in Wasilla, AK. The organization was established in 1976. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Valley Performing Arts Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Performing Arts 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 06/2024, Valley Performing Arts Center Inc generated $465.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $626.6k during the year ending 06/2024. While expenses have increased by 7.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
VALLEY PERFORMING ARTS PRESENTS AND PROMOTES COMMUNITY PARTICIPATION IN LIVE THEATRE TO ENHANCE THE CULTURAL AND INTELLECTUAL SPIRIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
COMMUNITY PLAYS WERE PERFORMED THROUGHOUT THE YEAR TO AUDIENCES OF APPROXIMATELY 12,600 PATRONS.
CAMP VPA IS A SUMMER DAY CAMP PROGRAM DESIGNED TO PROMOTE AND INVOLVE YOUTH INTERESTED IN COMMUNITY THEATRE. APPROXIMATELY 175 CHILDREN ATTENDED THE THREE SUMMER CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kai West President/di | OfficerTrustee | 2 | $0 |
Hannah Cole Vice Pres/di | OfficerTrustee | 2 | $0 |
Micah Muer Secretary/di | OfficerTrustee | 2 | $0 |
Stu Graham Director | OfficerTrustee | 2 | $0 |
Ryan Moravitz Director | Trustee | 1 | $0 |
Angel Husher-Rodriguez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,758 |
| Total Program Service Revenue | $420,678 |
| Investment income | $9,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $19,265 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,730 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,788 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,914 |
| Office expenses | $6,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,008 |
| 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 | $15,232 |
| Insurance | $24,058 |
| All other expenses | $19,751 |
| Total functional expenses | $626,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,307 |
| Savings and temporary cash investments | $391,863 |
| 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 | $25,113 |
| Net Land, buildings, and equipment | $252,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $674,609 |
| Accounts payable and accrued expenses | $4,865 |
| Grants payable | $0 |
| Deferred revenue | $15,314 |
| 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 | $20,179 |
| Net assets without donor restrictions | $593,892 |
| Net assets with donor restrictions | $60,538 |
| 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 | $674,609 |