Valley Performing Arts Center Inc
- Assets
- $651.7k
- Revenue
- $133.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Wasilla, AK
- Founding
- 06/1976
- Data as of
- 06/2021
- 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 06/2022, 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 06/2021, Valley Performing Arts Center Inc generated $133.7k 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 (12.4%) each year. All expenses for the organization totaled $143.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) 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
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:
Part 3 - Line 4a
COMMUNITY PLAYS WERE PERFORMED THROUGHOUT THE YEAR TO AUDIENCES OF APPROXIMATELY 6,400 PATRONS.
CAMP VPA IS A SUMMER DAY CAMP PROGRAM DESIGNED TO PROMOTE AND INVOLVE YOUTH INTERESTED IN COMMUNITY THEATRE. APPROXIMATELY 150 CHILDREN ATTENDED THE THREE SUMMER CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Nufer President/di | OfficerTrustee | 2 | $0 |
Nikki Hohnadel Vice Pres/di | OfficerTrustee | 2 | $0 |
Micah Muer Secretary/di | OfficerTrustee | 2 | $0 |
Stu Graham Treasurer/di | OfficerTrustee | 2 | $0 |
Spencer Rotach Director | Trustee | 1 | $0 |
Hannah Cole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,389 |
| Investment income | $44 |
| 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 | $51,545 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,690 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $49,871 |
| Pension plan accruals and contributions | $1,950 |
| Other employee benefits | $0 |
| Payroll taxes | $6,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $455 |
| Advertising and promotion | $871 |
| Office expenses | $1,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,637 |
| 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 | $11,799 |
| Insurance | $21,445 |
| All other expenses | $0 |
| Total functional expenses | $143,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,067 |
| Savings and temporary cash investments | $367,713 |
| Pledges and grants receivable | $1,500 |
| Accounts receivable, net | $9,467 |
| 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 | $1,638 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $651,716 |
| Accounts payable and accrued expenses | $2,695 |
| Grants payable | $0 |
| Deferred revenue | $29,589 |
| 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 | $16,832 |
| Other liabilities | $0 |
| Total liabilities | $49,116 |
| 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 | $602,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Performing Arts Center Inc has recieved totaling $94.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
5th Avenue Theatre Association Seattle, WA | $19,781,467 | $22,661,308 |
Seattle Repertory Theatre Seattle, WA | $11,018,492 | $11,241,562 |
Village Theatre Issaquah, WA | $23,494,101 | $8,767,180 |
A Contemporary Theatre Inc Seattle, WA | $4,152,223 | $6,596,754 |
Tacoma Arts Live Tacoma, WA | $3,194,540 | $3,456,801 |
Music For Life Institute Bellingham, WA | $1,486,118 | $1,674,576 |
Taproot Theatre Seattle, WA | $7,891,610 | $2,609,460 |
Intiman Theatre Seattle, WA | $491,696 | $1,477,010 |
Tacoma Musical Playhouse Tacoma, WA | $5,947,355 | $2,051,568 |
Seattle Shakespeare Festival Seattle, WA | $4,282,723 | $2,436,819 |
Ripple Productions Seattle, WA | $1,063,009 | $1,619,078 |
Studio East Training For The Performing Arts Kirkland, WA | $1,317,158 | $2,067,448 |