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← NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION

Form 990 for tax year 2024

Filed by NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION.

Totals

Total revenue
$48,023,571
Total expenses
$50,756,870
Contributions and grants received
$3,089,871
Grants paid
$70,000
Program services expenses (Part IX)
$48,343,622
Management and general expenses
$1,838,767
Fundraising expenses
$574,481
Program service expenses (Part III)
$48,343,622

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Abbe McCracken

    Education Committee Chair

    Total calculated
    $0
    Hours/week
    4

  • David Head

    Chair of the Board of Trustees

    Total calculated
    $0
    Hours/week
    10

  • Derek Raghavan

    Governance Committee Chair

    Total calculated
    $0
    Hours/week
    4

  • John Giannuzzi

    Past Chair of the Board of Trustees

    Total calculated
    $0
    Hours/week
    10

  • Marisa Thalberg

    Marketing Committee Chair

    Total calculated
    $0
    Hours/week
    4

  • Pat Rodgers

    Board Secretary

    Total calculated
    $0
    Hours/week
    4

  • Paul Hennigan

    Treasurer and Finance & Audit Committee Chair

    Total calculated
    $0
    Hours/week
    4

  • Rasu Shrestha

    Strategy and Innovation Committee Chair

    Total calculated
    $0
    Hours/week
    4

  • Richard Nichols

    Community Impact and Partnership Committee Chair

    Total calculated
    $0
    Hours/week
    4

  • Tom Eiselt

    Facilities Committee Chair

    Total calculated
    $0
    Hours/week
    4

  • Tricia McDermott-Spikes

    Talend Development and Retention Committee Chair

    Total calculated
    $0
    Hours/week
    4

  • Angela Yochem

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brad Bender

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dante Anderson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dena Diorio

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Donna Julian

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Donna Perkins

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Edwin Peacock

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Emily Sheldon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Evan Turtz

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jaime Monday

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jami Farris

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jeanine Wilson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Nurkin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Liz Sterling

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Matt Bank

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Megan Grueling

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Bryant

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Onyeka Nchege

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susanna Parker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Christy Majors

    Chief Financial Officer

    Total calculated
    $133,641
    From this org
    $132,149
    From related orgs
    $0
    Other
    $1,492
    Hours/week
    50

  • Tom Gabbard

    President

    Total calculated
    $765,574
    From this org
    $653,171
    From related orgs
    $0
    Other
    $112,403
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $543,603
    Bonus
    $109,568
    Other
    $0
    Deferred
    $95,513
    Nontaxable benefits
    $16,890
    Filer's total
    $765,574

  • Andrea Maloney

    Chief Education Officer

    Total calculated
    $146,126
    From this org
    $120,426
    From related orgs
    $0
    Other
    $25,700
    Hours/week
    40

  • Daniel Knaub

    Chief Marketing Officer

    Total calculated
    $222,748
    From this org
    $191,081
    From related orgs
    $0
    Other
    $31,667
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,135
    Bonus
    $11,946
    Other
    $0
    Deferred
    $24,220
    Nontaxable benefits
    $7,447
    Filer's total
    $222,748

  • David Kummings

    Chief Venue Operations Officer

    Total calculated
    $135,084
    From this org
    $131,346
    From related orgs
    $0
    Other
    $3,738
    Hours/week
    50

  • Jennifer Catrambone

    Chief Human Resources Officer

    Total calculated
    $177,598
    From this org
    $157,701
    From related orgs
    $0
    Other
    $19,897
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,180
    Bonus
    $13,521
    Other
    $0
    Deferred
    $8,527
    Nontaxable benefits
    $11,370
    Filer's total
    $177,598

  • Samantha Kowert

    VP of Development

    Total calculated
    $241,226
    From this org
    $215,147
    From related orgs
    $0
    Other
    $26,079
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,385
    Bonus
    $0
    Other
    $56,762
    Deferred
    $24,958
    Nontaxable benefits
    $1,121
    Filer's total
    $241,226

  • Steven Brace

    Former CFO

    Total calculated
    $370,835
    From this org
    $346,271
    From related orgs
    $0
    Other
    $24,564
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $65,187
    Bonus
    $0
    Other
    $281,084
    Deferred
    $22,851
    Nontaxable benefits
    $1,713
    Filer's total
    $370,835

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 — 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
Steve Brace received a severance payment of $90,000. Samantha Kowert received a severance payment of $19,015.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Tom Gabbard, Daniel Knaub, Andrea Maloney, and Samantha Kowert participate in a supplemental defined contribution plan. Tom Gabbard: $78,263 Daniel Knaub: $14,644 Samantha Kowert: $16,480 Andrea Maloney: $12,200
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
The incentive plan for the President includes a merit impacted by operational results.
Schedule J, Part I, Line 7 Non-fixed payments
STAFF BONUSES ARE AWARDED ON MERIT. THE BONUS POOL IS ESTABLISHED BY THE BOARD OF TRUSTEES. FROM THIS, TWO POOLS ARE CREATED, A BASE POOL (80%) AND A RESERVE POOL (20%). THE BASE POOL IS THEN DIVIDED BY DEPARTMENT TO DETERMINE A BASE BONUS POOL FOR EACH DEPARTMENT. THE DEPARTMENT HEAD THEN EVALUATES HIS/HER STAFF AND RECOMMENDS A BONUS FOR EACH PERSON. IF THE DEPARTMENT HEAD FEELS THAT HIS/HER STAFF MEMBER IS DESERVING OF A BONUS THAT EXCEEDS THE DEPARTMENTAL BONUS POOL, THEN A REQUEST FOR ADDITIONAL BONUS FUNDS FROM THE RESERVE POOL ARE REQUESTED. THE PRESIDENT SUBMITS THE REQUEST FOR ALL MEMBERS OF THE SENIOR STAFF CONSISTING OF ALL VP/OFFICERS. THE BASE POOL IS ESTABLISHED ON THE SAME BASIS AS THE DEPARTMENTAL POOLS. THE DEPARTMENT HEAD SUBMITS ALL BONUS REQUEST TO THE PRESIDENT FOR APPROVAL. THE PRESIDENT HAS THE DISCRETION TO APPROVE, REJECT OR MODIFY ALL BONUSES.

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
2024
Filed
1 April 2026
IRS schema version
2024v5.1
Source object
202600919349300210

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