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Nonprofiteer
← FRIENDS OF THE@COASTAL ARTS PAVILION AT FREEMAN PARK INC

Form 990 for tax year 2023

Filed by FRIENDS OF THE@COASTAL ARTS PAVILION AT FREEMAN PARK INC.

Totals

Total revenue
$2,515,933
Total expenses
$1,638,584
Contributions and grants received
$2,339,904
Grants paid
$0
Program service revenue
$0
Investment income
$176,029
Other revenue
$0
Total assets, end of year
$25,609,308
Total liabilities, end of year
$13,711
Net assets or fund balances, end of year
$25,595,597
Program services expenses (Part IX)
$1,638,584
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,638,584

Program services were 100.0% 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.

  • 1d · Related organizations

    $2,055,391

  • 1f · All other contributions, gifts and grants

    $284,513

  • 3 · Investment income

    total $262,273 · excluded $262,273

  • 7a · Gross sales of assets other than inventory

    securities $1,484,302

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

    securities $1,514,528 · other assets $56,018

  • 7c · Gain or loss

    securities -$30,226 · other assets -$56,018

  • 7d · Net gain or loss

    total -$86,244 · excluded -$86,244

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $25,315 · program services $25,315

  • 11g · Fees: other

    total $2,335 · program services $2,335

  • 13 · Office expenses

    total $88 · program services $88

  • 22 · Depreciation, depletion and amortization

    total $243,434 · program services $243,434

  • 24a · Other expenses: FACILITY EXPENSES

    total $1,367,412 · program services $1,367,412

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $154,659 · end of year $80,887

  • 2 · Savings and temporary cash investments

    beginning of year $5,107,602 · end of year $6,665,405

  • 3 · Pledges and grants receivable

    beginning of year $10,229,561 · end of year $6,340,013

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

    $7,067,294

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

    $243,434

  • 10c · Land, buildings and equipment, net

    beginning of year $1,296,400 · end of year $6,823,860

  • 11 · Investments: publicly traded securities

    beginning of year $4,598,925 · end of year $4,838,396

  • 15 · Other assets

    beginning of year $3,141,578 · end of year $860,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,848 · end of year $13,711

  • 27 · Net assets without donor restrictions

    beginning of year $15,439,333 · end of year $15,439,333

  • 28 · Net assets with donor restrictions

    beginning of year $9,083,544 · end of year $10,156,264

Mission and programs · 2023

Mission

FREEMAN ARTS PAVILION, INC., IS A SUPPORTING ORGANIZATION OF THE JOSHUA M. FREEMAN FOUNDATION WHOSE MISSION IS ADVANCING ARTS ACCESS FOR ALL THROUGH PERFORMANCE, EDUCATION AND ADVOCACY.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • JOSHUA M. FREEMAN FOUNDATION (JMFF) ESTABLISHED A NOT-FOR-PROFIT SUPPORTING ORGANIZATION NAMED THE FREEMAN ARTS PAVILION, INC. THE PRIMARY ACTIVITY OF THE SUPPORTING ORGANIZATION IS THECONSTRUCTION AND OWNERSHIP OF A NEW LARGER PERFORMING ARTS VENUE THAT WILL DIRECTLY FURTHER THE MISSION OF JOSHUA M. FREEMAN FOUNDATION, EXPAND PROGRAMMING AND ACCOMMODATE LARGER AUDIENCES.THE BOARD OF DIRECTORS OF JMFF ALSO SERVES AS THE BOARD OF DIRECTORS OF THE FREEMAN ARTS PAVILION, INC. IN 2020, THE BOARD ELECTED TO IMPLEMENT A MULTI-PHASE PLAN FOR THE NEW VENUE WITH AN OBJECTIVE TO BECOME THE PREMIER PERFORMING ARTS FACILITY IN THE REGION. IN MAY 2023, THE VENUE PROUDLY OPENED A BRAND NEW BOX OFFICE AND COVERED PAVILION ENTRY. WHEN THE VENUE IS COMPLETE IN THREE TO FOUR YEARS, IT WILL ACCOMMODATE APPROXIMATELY 4,000 PATRONS, WITH FIXED SEATS AND LAWN SEATING. THE FINAL FACILITY WILL INCLUDE A LARGER PERMANENT STAGE STRUCTURE TO BETTER ACCOMMODATE A WIDER VARIETY OF TOURING ARTISTS AND WILL FEATURE STATE-OF-ART SOUND, LIGHTING AND VIDEO CAPABILITIES, AN EXPANDED CONCESSION AND DINING AREA AND ADDITIONAL RESTROOMS. PERMANENT BACKSTAGE SPACES FOR ARTISTS AND CREW (DRESSING ROOMS, LOUNGE, AND PRODUCTION OFFICES) ARE PLANNED AS WELL AS AMPLE PARKING FOR TOURS. CONSTRUCTION IS PLANNED TO ALLOW PROGRAMMING AT THE VENUE TO OCCUR WITHOUT INTERRUPTION.

    Expenses $1,638,584

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHELLE FREEMAN

    CHAIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 10 related

  • CHRISTINE SHREVE

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • GINGER WARD

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TODD FLUBACHER

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SARA CHASE CARLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • L DREXEL DAVISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DENNIS DIAZ

    DIRECTOR (BEG. 05/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHANTE HASTINGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEBRA KILLEEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PATRICIA KIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GREGORY SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN TIBERI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFF TRIBBLE JR

    DIRECTOR (BEG. 05/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ELI MODLIN

    DIRECTOR (BEG. 05/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL WIGLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PATTI GRIMES

    EXECUTIVE DIRECTOR

    Total calculated
    $270,948
    From this org
    $0
    From related orgs
    $246,755
    Other
    $24,193
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,893 related
    Bonus
    $0 + $32,862 related
    Other
    $0
    Deferred
    $0 + $6,891 related
    Nontaxable benefits
    $0 + $17,302 related
    Filer's total
    $0 + $270,948 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. ALL EMPLOYEES ARE COMPENSATED BY A RELATED ORGANIZATION, JOSHUA M. FREEMAN FOUNDATION (JMFF). JMFF USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
2 November 2024
IRS schema version
2023v5.1
Source object
202403079349300005

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