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Nonprofiteer
← PEACE CENTER FOUNDATION

Form 990 for tax year 2023

Filed by PEACE CENTER FOUNDATION.

Totals

Total revenue
$50,473,511
Total expenses
$27,958,812
Contributions and grants received
$21,552,508
Grants paid
$96,386
Program service revenue
$22,543,353
Investment income
$4,244,225
Other revenue
$2,133,425
Total assets, end of year
$151,482,793
Total liabilities, end of year
$19,896,172
Net assets or fund balances, end of year
$131,586,621
Program services expenses (Part IX)
$24,957,212
Management and general expenses
$2,107,785
Fundraising expenses
$893,815
Program service expenses (Part III)
$24,957,212

Program services were 89.3% 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)

    $17,500,000

  • 1f · All other contributions, gifts and grants

    $4,052,508

  • 2a · Program service revenue: TICKET REVENUE

    total $22,054,041 · related or exempt $22,054,041

  • 2b · Program service revenue: OTHER PROGRAM SERVICES

    total $489,312 · related or exempt $413,371 · unrelated business $75,941

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,130,217 · excluded $3,130,217

  • 6a · Gross rents

    real property $782,750

  • 6c · Rental income or loss

    real property $782,750 · personal property $0

  • 6d · Net rental income or loss

    total $782,750 · unrelated business $332,375 · excluded $450,375

  • 7a · Gross sales of assets other than inventory

    securities $1,109,323 · other assets $4,685

  • 7c · Gain or loss

    securities $1,109,323 · other assets $4,685

  • 7d · Net gain or loss

    total $1,114,008 · excluded $1,114,008

  • 10a · Gross sales of inventory

    $1,353,498

  • 10b · Cost of goods sold

    $637,517

  • 10c · Net income from sales of inventory

    total $715,981 · related or exempt $715,981

  • 11a · Other revenue: CATERING

    total $497,692 · unrelated business $497,692

  • 11b · Other revenue: MISCELLANEOUS

    total $137,002 · excluded $137,002

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $634,694

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $96,386 · program services $96,386

  • 5 · Compensation of officers, directors and key employees

    total $1,010,965 · program services $575,262 · management and general $365,923 · fundraising $69,780

  • 7 · Other salaries and wages

    total $4,717,188 · program services $3,664,079 · management and general $732,704 · fundraising $320,405

  • 8 · Pension plan contributions

    total $86,822 · program services $64,256 · management and general $16,652 · fundraising $5,914

  • 9 · Other employee benefits

    total $480,027 · program services $355,263 · management and general $92,066 · fundraising $32,698

  • 10 · Payroll taxes

    total $413,476 · program services $306,009 · management and general $79,302 · fundraising $28,165

  • 11b · Fees: legal

    total $134,061 · management and general $134,061

  • 11c · Fees: accounting

    total $54,025 · management and general $54,025

  • 11f · Fees: investment management

    total $259,705 · management and general $259,705

  • 11g · Fees: other

    total $1,713,193 · program services $1,709,785 · management and general $3,408 · fundraising $0

  • 12 · Advertising and promotion

    total $1,452,785 · program services $1,452,785

  • 13 · Office expenses

    total $1,135,241 · program services $642,590 · management and general $123,163 · fundraising $369,488

  • 14 · Information technology

    total $156,703 · program services $156,703

  • 15 · Royalties

    total $94,461 · program services $94,461

  • 16 · Occupancy

    total $609,476 · program services $609,476

  • 17 · Travel

    total $118,611 · program services $114,744 · fundraising $3,867

  • 19 · Conferences, conventions and meetings

    total $378,232 · program services $378,232

  • 22 · Depreciation, depletion and amortization

    total $2,774,001 · program services $2,496,601 · management and general $221,920 · fundraising $55,480

  • 23 · Insurance

    total $302,496 · program services $272,246 · management and general $24,200 · fundraising $6,050

  • 24a · Other expenses: CONCERT CONTRACTS

    total $11,215,035 · program services $11,215,035

  • 24b · Other expenses: Production and Show Expenses

    total $471,489 · program services $471,489

  • 24c · Other expenses: RECRUITING AND RELOCATION

    total $277,875 · program services $277,875

  • 24d · Other expenses: MISCELLANEOUS

    total $6,559 · program services $3,935 · management and general $656 · fundraising $1,968

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,457 · end of year $5,349

  • 2 · Savings and temporary cash investments

    beginning of year $41,147,294 · end of year $57,518,921

  • 3 · Pledges and grants receivable

    beginning of year $4,799,960 · end of year $3,619,791

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $57,089 · end of year $43,679

  • 9 · Prepaid expenses and deferred charges

    beginning of year $380,978 · end of year $563,662

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

    $73,450,303

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

    $54,188,750

  • 10c · Land, buildings and equipment, net

    beginning of year $8,212,179 · end of year $19,261,553

  • 11 · Investments: publicly traded securities

    beginning of year $25,641,091 · end of year $31,249,700

  • 12 · Investments: other securities

    beginning of year $13,548,626 · end of year $15,398,425

  • 13 · Investments: program-related

    beginning of year $23,476,814 · end of year $23,476,814

  • 15 · Other assets

    beginning of year $472,071 · end of year $344,899

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,958,797 · end of year $3,916,304

  • 19 · Deferred revenue

    beginning of year $12,125,221 · end of year $15,979,868

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $103,428,167 · end of year $131,356,247

  • 28 · Net assets with donor restrictions

    beginning of year $230,374 · end of year $230,374

Mission and programs · 2023

Mission

To enrich the lives of everyone we reach.

  • The Peace Center presents high quality and culturally significant performing artists of varied genres. The establishment of the venue and resultant programming make the performing arts accessible to the regional community. Performances include Broadway shows, dance, folk, classical, choral, international, blues, rock, jazz, and opera. The Peace Center serves as the primary venue for local performing arts organizations to present programming gear to that organization's specific art focus. The Peace Center's resident companies include the Greenville Symphony Orchestra, Carolina Ballet, International Ballet, and South Carolina Governor's School for the Arts and Humanities. The Peace Center provides professional facility and event services at significantly subsidized rates to fiscally support the efforts of these local performing arts organizations. The Peace Center's Community Engagement initiatives seek to tell stories, amplify voices, educate and inspire through the arts. Our aim in community engagement is to create a more inclusive Peace Center by partnering with organizations to increase accessibility to programming, to represent the vast diversity of our community, and to be a welcoming space for all to experience performing arts.

    Expenses $24,957,212 · Grants $96,386 · Revenue $23,183,393

As filed on the 2023 return.

Listed in Part VII

  • Betty Temple

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Jim Akerhielm

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Lynn Harton

    Chair

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Ben Norwood

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bill Pelham

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bruce Holstein

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cleve Christophe

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Wilkins

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joe Kernell

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Karen Baynes Dunning

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lee Bell

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marion Crawford

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Gaeto

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Russell Stall

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Shannon Lavrin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Steve Navarro

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Megan Riegel

    President and CEO

    Total calculated
    $652,034
    From this org
    $629,745
    From related orgs
    $0
    Other
    $22,289
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $447,615
    Bonus
    $176,000
    Other
    $6,130
    Deferred
    $13,200
    Nontaxable benefits
    $9,089
    Filer's total
    $652,034

  • Scott Clark

    CFO

    Total calculated
    $273,551
    From this org
    $243,602
    From related orgs
    $0
    Other
    $29,949
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $203,602
    Bonus
    $40,000
    Other
    $0
    Deferred
    $10,064
    Nontaxable benefits
    $19,885
    Filer's total
    $273,551

  • Ben McCarthy

    VP of Development

    Total calculated
    $149,069
    From this org
    $137,038
    From related orgs
    $0
    Other
    $12,031
    Hours/week
    40

  • Brian Ridolfo

    VP of Programming

    Total calculated
    $212,726
    From this org
    $185,000
    From related orgs
    $0
    Other
    $27,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $10,000
    Other
    $0
    Deferred
    $7,680
    Nontaxable benefits
    $20,046
    Filer's total
    $212,726

  • Margaret Meadows

    VP of External Relations

    Total calculated
    $159,433
    From this org
    $140,322
    From related orgs
    $0
    Other
    $19,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,000
    Bonus
    $15,676
    Other
    $5,646
    Deferred
    $5,893
    Nontaxable benefits
    $13,218
    Filer's total
    $159,433

  • Trevor Hamilton

    VP of Operations

    Total calculated
    $128,516
    From this org
    $111,057
    From related orgs
    $0
    Other
    $17,459
    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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Megan Riegel. SERP was in effect as of Sep 1 2023, but no amounts accrued until the 2024 calendar year.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
A component of executive contingent compensation is based on the financial performance of the entity compared to budget.

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

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.

  • PEACE CENTER PROPERTIES

    501(c)(3) · REAL ESTATE MANAGEMENT · SC · controlled entity

    Directly controlled by PEACE CENTER FOUNDATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
27 June 2025
IRS schema version
2023v6.0
Source object
202501789349300915

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