Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $398,632

• 1e · Government grants (contributions)

  $2,250,000

• 1f · All other contributions, gifts and grants

  $1,309,325

• 1g · Noncash contributions included above

  $92,125

• 2a · Program service revenue: TICKET SALES & FEES

  total $3,049,661 · related or exempt $3,049,661

• 2b · Program service revenue: SERVICE REVENUE

  total $774,414 · related or exempt $774,414

• 2c · Program service revenue: CATERING & CONCESSIONS

  total $451,469 · related or exempt $451,469

• 2d · Program service revenue: FACILITY FEES

  total $402,043 · related or exempt $402,043

• 2e · Program service revenue: RENTAL INCOME

  total $334,018 · related or exempt $334,018

• 2f · All other program service revenue

  total $130,002 · related or exempt $130,002

• 3 · Investment income

  total $520,283 · excluded $520,283

• 8a · Fundraising events: gross income

  $140,500

• 8a · Fundraising events: contributions included on line 1c

  $398,632

• 8b · Fundraising events: direct expenses

  $310,489

• 8c · Net income from fundraising events

  total -$169,989 · excluded -$169,989

• 11a · Other revenue: ADVERTISING REVENUE

  total $32,710 · unrelated business $32,710

• 11e · Other revenue, total

  $32,710

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $486,143 · program services $243,702 · management and general $99,676 · fundraising $142,765

• 7 · Other salaries and wages

  total $3,239,927 · program services $2,139,224 · management and general $568,009 · fundraising $532,694

• 9 · Other employee benefits

  total $631,265 · program services $403,712 · management and general $113,118 · fundraising $114,435

• 10 · Payroll taxes

  total $164,360 · program services $105,113 · management and general $29,452 · fundraising $29,795

• 11b · Fees: legal

  total $22,577 · management and general $22,577

• 11c · Fees: accounting

  total $70,526 · management and general $70,526

• 11f · Fees: investment management

  total $13,320 · management and general $13,320

• 11g · Fees: other

  total $1,076,888 · program services $771,507 · management and general $129,806 · fundraising $175,575

• 12 · Advertising and promotion

  total $513,025 · program services $501,764 · fundraising $11,261

• 13 · Office expenses

  total $699,680 · program services $510,763 · management and general $127,870 · fundraising $61,047

• 16 · Occupancy

  total $18,932 · program services $7,040 · management and general $11,892

• 17 · Travel

  total $28,949 · program services $23,336 · management and general $2,966 · fundraising $2,647

• 19 · Conferences, conventions and meetings

  total $47,415 · program services $8,090 · management and general $26,007 · fundraising $13,318

• 22 · Depreciation, depletion and amortization

  total $94,440 · program services $93,015 · management and general $1,425

• 24a · Other expenses: ARTIST FEES & PRODUCTIO

  total $1,700,276 · program services $1,694,141 · management and general $3,189 · fundraising $2,946

• 24b · Other expenses: MEETINGS & HOSPITALITY

  total $76,604 · program services $18,733 · management and general $35,453 · fundraising $22,418

• 24e · All other expenses

  total $162 · program services $90 · management and general $72

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,345,267 · end of year $6,922,852

• 2 · Savings and temporary cash investments

  beginning of year $656,780 · end of year $201,601

• 3 · Pledges and grants receivable

  beginning of year $1,323,645 · end of year $1,181,453

• 4 · Accounts receivable

  beginning of year $267,525 · end of year $514,924

• 8 · Inventories for sale or use

  beginning of year $20,624 · end of year $21,256

• 9 · Prepaid expenses and deferred charges

  beginning of year $228,180 · end of year $239,843

• 10a · Land, buildings and equipment: cost or other basis

  $1,157,516

• 10b · Land, buildings and equipment: accumulated depreciation

  $970,501

• 10c · Land, buildings and equipment, net

  beginning of year $238,005 · end of year $187,015

• 11 · Investments: publicly traded securities

  beginning of year $4,628,314 · end of year $5,341,268

• 15 · Other assets

  beginning of year $557,615 · end of year $611,237

• 17 · Accounts payable and accrued expenses

  beginning of year $721,168 · end of year $865,500

• 19 · Deferred revenue

  beginning of year $945,931 · end of year $1,170,133

• 27 · Net assets without donor restrictions

  beginning of year $10,972,663 · end of year $11,758,053

• 28 · Net assets with donor restrictions

  beginning of year $1,626,193 · end of year $1,427,763

The filer's explanations (Part III)

PART I, LINE 3

A COMPENSATION COMMITTEE WAS ESTABLISHED BY THE BOARD OF DIRECTORS OF THE CENTER FOR THE PERFORMING ARTS (THE CENTER). THE COMMITTEE UTILIZES A PROCESS WHICH EVALUATES THE CEO'S PERFORMANCE IN ACCORDANCE WITH ESTABLISHED PERFORMANCE CRITERIA, THE CENTER'S MISSION AND STRATEGIES, AND IN THE CONTEXT OF RELEVANT COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS AT SIMILARLY SITUATED ORGANIZATIONS. COMPENSATION COMMITTEE DECISIONS ON CEO COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED AND PRESENTED TO THE FULL BOARD OF DIRECTORS.