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← MARTHA AND JOHN M RIVERS PERFORMANCE HALL FOUNDATION

Form 990 for tax year 2024

Filed by MARTHA AND JOHN M RIVERS PERFORMANCE HALL FOUNDATION.

Totals

Total revenue
$1,496,153
Total expenses
$1,574,089
Contributions and grants received
$431,135
Grants paid
$1,000,734
Program service revenue
$206,559
Investment income
$858,371
Other revenue
$88
Total assets, end of year
$13,902,381
Total liabilities, end of year
$11,658
Net assets or fund balances, end of year
$13,890,723
Program services expenses (Part IX)
$1,190,086
Management and general expenses
$172,645
Fundraising expenses
$211,358
Program service expenses (Part III)
$1,190,086

Program services were 75.6% 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.

  • 1f · All other contributions, gifts and grants

    $431,135

  • 2a · Program service revenue: Institutional advancem

    total $206,559 · related or exempt $206,559

  • 3 · Investment income

    total $858,371 · excluded $858,371

  • 11a · Other revenue: Miscellaneous

    total $88 · excluded $88

  • 11e · Other revenue, total

    $88

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000,734 · program services $1,000,734

  • 5 · Compensation of officers, directors and key employees

    total $311,610 · program services $109,507 · management and general $86,358 · fundraising $115,745

  • 7 · Other salaries and wages

    total $111,598 · program services $38,973 · management and general $40,178 · fundraising $32,447

  • 9 · Other employee benefits

    total $21,865 · program services $6,470 · management and general $6,470 · fundraising $8,925

  • 10 · Payroll taxes

    total $30,410 · program services $10,674 · management and general $9,093 · fundraising $10,643

  • 11b · Fees: legal

    total $6,800 · management and general $6,800

  • 12 · Advertising and promotion

    total $4,605 · program services $4,605

  • 13 · Office expenses

    total $13,635 · program services $1,415 · management and general $11,237 · fundraising $983

  • 14 · Information technology

    total $48,870 · program services $7,459 · management and general $6,804 · fundraising $34,607

  • 17 · Travel

    total $52 · management and general $52

  • 19 · Conferences, conventions and meetings

    total $18,983 · program services $9,417 · management and general $1,894 · fundraising $7,672

  • 22 · Depreciation, depletion and amortization

    total $989 · program services $495 · management and general $494

  • 23 · Insurance

    total $3,886 · program services $337 · management and general $3,213 · fundraising $336

  • 24a · Other expenses: Miscellaneous

    total $52 · management and general $52

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,403,354 · end of year $1,925,786

  • 3 · Pledges and grants receivable

    beginning of year $2,058,306 · end of year $933,177

  • 4 · Accounts receivable

    beginning of year $80,748

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,596 · end of year $1,822

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

    $15,893

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

    $15,893

  • 10c · Land, buildings and equipment, net

    beginning of year $991 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $9,747,247 · end of year $11,041,596

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,442 · end of year $11,658

  • 27 · Net assets without donor restrictions

    beginning of year $2,594,039 · end of year $2,528,304

  • 28 · Net assets with donor restrictions

    beginning of year $10,660,761 · end of year $11,362,419

Mission and programs · 2024

Mission

The mission of the Martha & John M. Rivers Performance Hall Foundation is to improve and enhance the performing arts and arts education ecosystem within Charleston and throughout the Lowcountry region of South Carolina.

  • The Martha & John M. Rivers Performance Hall Foundation was established with the general purpose of improving the nonprofit and public performing arts venues, theaters, and halls in and around Charleston, South Carolina; and to aid, support, promote, develop, maintain and manage educational programs and performances focused on the arts.We do this by promoting the growth of the Rivers Endowment for the Performing Arts and Education, thereby building and sustaining a vibrant culture of philanthropy, aligning resources generously contributed to support the artistic and educational missions of performing arts throughout the Charleston community.

    Expenses $1,190,086 · Grants $1,000,734 · Revenue $206,559

As filed on the 2024 return.

Listed in Part VII

  • Clay Grayson

    Chair

    Total calculated
    $0
    Hours/week
    15
  • Christopher S White

    Vice Chair

    Total calculated
    $0
    Hours/week
    8
  • Walter Fiederowicz

    Treasurer

    Total calculated
    $0
    Hours/week
    10
  • Jasmine Brown

    Secretary

    Total calculated
    $81,815
    From this org
    $76,031
    From related orgs
    $0
    Other
    $5,784
    Hours/week
    50
  • Dr Renee D Anderson

    Founding Director

    Total calculated
    $228,115
    From this org
    $228,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $228,115
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $228,115
  • Helen Hill

    Director

    Total calculated
    $0
    Hours/week
    4
  • Melissa Levesque

    Director

    Total calculated
    $0
    Hours/week
    4
  • David Savard

    Director

    Total calculated
    $0
    Hours/week
    4
  • Guang Ming Whitley

    Director

    Total calculated
    $0
    Hours/week
    4

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349316625

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