National Arts Centre Corporation
- Assets
- $232.2m
- Revenue
- $111.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 03/2004
- Data as of
- 08/2023
- EIN
- 98-0408652
Organization Overview
National Arts Centre Corporation, operating under the name Nac-Cna, is located in null. The organization was established in 2004. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Nac-Cna 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 08/2023, Nac-Cna generated $111.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $105.8m during the year ending 08/2023. While expenses have increased by 3.0% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE EDUCATION THROUGH THE PROMOTION OF PUBLIC APPRECIATION FOR THE PERFORMING ARTS INCLUDING MUSIC, THEATRE AND DANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjay Shahani Chair Of Strategy & Engagement Committee | Trustee | 2 | $0 |
Angela Birdsell Chair Of Governance Committee | Trustee | 2 | $0 |
Derral Moriyama Vice Chair And Chair Of Audit Committee & Finance | Trustee | 2 | $0 |
France Belisle Ex-Officio | Trustee | 2 | $0 |
Gail Asper Outside Member Of Finance And Capital Planning Com | Trustee | 2 | $0 |
Graham Bird Outside Member Of Finance And Capital Planning Com | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,962,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,391,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,353,000 |
| Total Program Service Revenue | $30,255,000 |
| Investment income | $53,000 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,661,000 |
| 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. | $137,000 |
| Compensation of current officers, directors, key employees. | $137,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,762,000 |
| Pension plan accruals and contributions | $5,055,000 |
| Other employee benefits | $4,663,000 |
| Payroll taxes | $3,823,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $141,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,929,000 |
| Office expenses | $8,218,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,325,000 |
| Travel | $601,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $441,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,637,000 |
| Insurance | $548,000 |
| All other expenses | $0 |
| Total functional expenses | $105,842,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,787,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,988,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $193,000 |
| Prepaid expenses and deferred charges | $1,975,000 |
| Net Land, buildings, and equipment | $195,065,000 |
| Investments—publicly traded securities | $1,193,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $232,201,000 |
| Accounts payable and accrued expenses | $16,493,000 |
| Grants payable | $0 |
| Deferred revenue | $197,426,000 |
| 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 | $213,919,000 |
| 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 | $18,282,000 |
| Total liabilities and net assets/fund balances | $232,201,000 |
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