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← PERFORMING ARTS FOUNDATION INC

Form 990 for tax year 2022

Filed by PERFORMING ARTS FOUNDATION INC.

Totals

Total revenue
$3,461,209
Total expenses
$3,323,711
Contributions and grants received
$690,571
Grants paid
$0
Program service revenue
$2,487,993
Investment income
$20,303
Other revenue
$262,342
Total assets, end of year
$5,490,124
Total liabilities, end of year
$1,426,164
Net assets or fund balances, end of year
$4,063,960
Program services expenses (Part IX)
$2,323,655
Management and general expenses
$771,914
Fundraising expenses
$228,142
Program service expenses (Part III)
$2,323,655

Program services were 69.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $44,407

  • 1f · All other contributions, gifts and grants

    $646,164

  • 2a · Program service revenue: TICKET SALES

    total $1,798,293 · related or exempt $1,798,293

  • 2b · Program service revenue: SERVICE FEES

    total $406,597 · related or exempt $406,597

  • 2c · Program service revenue: RENTAL INCOME

    total $234,728 · related or exempt $234,728

  • 2d · Program service revenue: PROGRAM AND TICKET ADV

    total $48,375 · related or exempt $0 · unrelated business $48,375

  • 3 · Investment income

    total $16,588 · excluded $16,588

  • 7a · Gross sales of assets other than inventory

    securities $93,308

  • 7b · Less cost or other basis and sales expenses

    securities $89,593

  • 7c · Gain or loss

    securities $3,715

  • 7d · Net gain or loss

    total $3,715 · excluded $3,715

  • 10a · Gross sales of inventory

    $328,445

  • 10b · Cost of goods sold

    $87,875

  • 10c · Net income from sales of inventory

    total $240,570 · related or exempt $240,570

  • 11a · Other revenue: OTHER REVENUE

    total $21,772 · excluded $21,772

  • 11e · Other revenue, total

    $21,772

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $363,830 · program services $168,282 · management and general $132,785 · fundraising $62,763

  • 7 · Other salaries and wages

    total $880,833 · program services $324,697 · management and general $454,040 · fundraising $102,096

  • 9 · Other employee benefits

    total $62,323 · management and general $62,323

  • 10 · Payroll taxes

    total $79,819 · program services $57,934 · management and general $2,511 · fundraising $19,374

  • 11c · Fees: accounting

    total $45,416 · management and general $45,416

  • 11f · Fees: investment management

    total $7,558 · management and general $7,558

  • 12 · Advertising and promotion

    total $174,327 · program services $174,327

  • 13 · Office expenses

    total $50,577 · program services $34,073 · management and general $10,715 · fundraising $5,789

  • 16 · Occupancy

    total $142,394 · program services $113,434 · management and general $21,359 · fundraising $7,601

  • 17 · Travel

    total $26,711 · program services $25,375 · management and general $1,336

  • 22 · Depreciation, depletion and amortization

    total $76,727 · program services $65,217 · management and general $7,674 · fundraising $3,836

  • 23 · Insurance

    total $64,305 · program services $57,875 · management and general $3,215 · fundraising $3,215

  • 24a · Other expenses: ARTIST FEES

    total $1,023,465 · program services $1,023,465

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $154,861 · program services $134,972 · management and general $16,870 · fundraising $3,019

  • 24c · Other expenses: PRODUCTION COSTS

    total $151,583 · program services $144,004 · fundraising $7,579

  • 24d · Other expenses: BAD DEBT

    total $11,900 · fundraising $11,900

  • 24e · All other expenses

    total $7,082 · management and general $6,112 · fundraising $970

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,548,458 · end of year $2,339,813

  • 2 · Savings and temporary cash investments

    beginning of year $102,232 · end of year $102,358

  • 3 · Pledges and grants receivable

    beginning of year $97,250 · end of year $62,830

  • 4 · Accounts receivable

    beginning of year $107,179 · end of year $175,281

  • 8 · Inventories for sale or use

    beginning of year $16,664 · end of year $26,019

  • 9 · Prepaid expenses and deferred charges

    beginning of year $103,864 · end of year $108,481

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

    $2,553,248

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

    $1,046,545

  • 10c · Land, buildings and equipment, net

    beginning of year $778,320 · end of year $1,506,703

  • 11 · Investments: publicly traded securities

    beginning of year $845,135 · end of year $941,648

  • 15 · Other assets

    beginning of year $214,719 · end of year $226,991

  • 17 · Accounts payable and accrued expenses

    beginning of year $264,980 · end of year $402,682

  • 19 · Deferred revenue

    beginning of year $729,397 · end of year $1,023,482

  • 27 · Net assets without donor restrictions

    beginning of year $2,936,934 · end of year $4,063,960

  • 28 · Net assets with donor restrictions

    beginning of year $882,510 · end of year $0

Mission and programs · 2022

Mission

TO ENRICH LIVES THROUGH DIVERSE CULTURAL EXPERIENCES.

  • ORGANIZATION WHOSE PURPOSE IS TO ENRICH LIVES THROUGH DIVERSE CULTURAL EXPERIENCES. THROUGH ITS PROGRAMS, ACTIVITIES, AND SERVICES, AND THOSE OF ITS AFFILIATES, THE FOUNDATION ANNUALLY REACHES OVER 150,000 PEOPLE WITH PERFORMANCES AND INSTRUCTIONAL PROGRAMS. THE FOUNDATION PROGRAMS SERVE SEVENTEEN COUNTIES IN WISCONSIN.

    Expenses $2,323,655 · Revenue $2,680,188

As filed on the 2022 return.

Listed in Part VII

  • Jenny Sweeney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Todd Nicklaus

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Glendon Peterson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Angela Lentz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jordan Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Deb Ball

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Rick Beese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Kay Gruling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tracy Hougum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Kandace Elmergreen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Shanna Yonke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sean Wright

    EXECUTIVE DIRECTOR

    Total calculated
    $247,298
    From this org
    $223,500
    From related orgs
    $0
    Other
    $23,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,500
    Bonus
    $0
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $8,798
    Filer's total
    $247,298

  • Merry Little

    ASSOCIATE DIRECTOR

    Total calculated
    $118,412
    From this org
    $115,993
    From related orgs
    $0
    Other
    $2,419
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349312337

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