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Nonprofiteer
← THE CENTER FOR THE PERFORMING ARTS INC

Form 990 for tax year 2022

Filed by THE CENTER FOR THE PERFORMING ARTS INC.

Totals

Total revenue
$9,163,052
Total expenses
$8,667,851
Contributions and grants received
$4,067,360
Grants paid
$0
Program service revenue
$5,019,335
Investment income
$223,254
Other revenue
-$146,897
Total assets, end of year
$14,265,955
Total liabilities, end of year
$1,667,099
Net assets or fund balances, end of year
$12,598,856
Program services expenses (Part IX)
$6,576,440
Management and general expenses
$1,041,015
Fundraising expenses
$1,050,396
Program service expenses (Part III)
$6,576,440

Program services were 75.9% 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.

  • 1c · Fundraising events

    $574,198

  • 1e · Government grants (contributions)

    $2,296,278

  • 1f · All other contributions, gifts and grants

    $1,196,884

  • 1g · Noncash contributions included above

    $85,090

  • 2a · Program service revenue: TICKET SALES & FEES

    total $3,337,927 · related or exempt $3,337,927

  • 2b · Program service revenue: SERVICE REVENUE

    total $624,247 · related or exempt $624,247

  • 2c · Program service revenue: CATERING & CONCESSIONS

    total $394,288 · related or exempt $394,288

  • 2d · Program service revenue: FACILITY FEES

    total $335,108 · related or exempt $335,108

  • 2e · Program service revenue: RENTAL INCOME

    total $227,374 · related or exempt $227,374

  • 2f · All other program service revenue

    total $100,391 · related or exempt $100,391

  • 3 · Investment income

    total $223,254 · excluded $223,254

  • 8a · Fundraising events: gross income

    $168,472

  • 8a · Fundraising events: contributions included on line 1c

    $574,198

  • 8b · Fundraising events: direct expenses

    $350,904

  • 8c · Net income from fundraising events

    total -$182,432 · excluded -$182,432

  • 11a · Other revenue: ADVERTISING REVENUE

    total $35,535 · unrelated business $35,535

  • 11e · Other revenue, total

    $35,535

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $430,787 · program services $279,303 · management and general $73,558 · fundraising $77,926

  • 7 · Other salaries and wages

    total $2,973,795 · program services $1,928,074 · management and general $507,783 · fundraising $537,938

  • 9 · Other employee benefits

    total $548,736 · program services $355,776 · management and general $93,698 · fundraising $99,262

  • 10 · Payroll taxes

    total $139,089 · program services $90,179 · management and general $23,750 · fundraising $25,160

  • 11b · Fees: legal

    total $9,561 · management and general $9,561

  • 11c · Fees: accounting

    total $81,362 · management and general $81,362

  • 11f · Fees: investment management

    total $8,165 · management and general $8,165

  • 11g · Fees: other

    total $1,094,023 · program services $771,963 · management and general $142,744 · fundraising $179,316

  • 12 · Advertising and promotion

    total $508,958 · program services $501,150 · fundraising $7,808

  • 13 · Office expenses

    total $598,558 · program services $451,323 · management and general $65,663 · fundraising $81,572

  • 16 · Occupancy

    total $17,581 · program services $16,285 · management and general $1,296

  • 17 · Travel

    total $22,100 · program services $12,146 · management and general $9,954

  • 19 · Conferences, conventions and meetings

    total $28,961 · program services $12,210 · management and general $10,006 · fundraising $6,745

  • 22 · Depreciation, depletion and amortization

    total $118,432 · program services $116,294 · management and general $2,138

  • 24a · Other expenses: ARTIST FEES & PRODUCTIO

    total $2,028,747 · program services $2,020,041 · management and general $1,943 · fundraising $6,763

  • 24b · Other expenses: MEETINGS & HOSPITALITY

    total $56,852 · program services $20,217 · management and general $8,729 · fundraising $27,906

  • 24e · All other expenses

    total $2,144 · program services $1,479 · management and general $665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,801,913 · end of year $11,576,777

  • 2 · Savings and temporary cash investments

    beginning of year $59,887 · end of year $53,584

  • 3 · Pledges and grants receivable

    beginning of year $1,545,150 · end of year $1,323,645

  • 4 · Accounts receivable

    beginning of year $422,983 · end of year $346,272

  • 8 · Inventories for sale or use

    beginning of year $19,436 · end of year $20,624

  • 9 · Prepaid expenses and deferred charges

    beginning of year $188,102 · end of year $228,180

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

    $1,114,066

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

    $876,061

  • 10c · Land, buildings and equipment, net

    beginning of year $325,002 · end of year $238,005

  • 15 · Other assets

    beginning of year $845,637 · end of year $478,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $609,920 · end of year $721,168

  • 19 · Deferred revenue

    beginning of year $1,194,481 · end of year $945,931

  • 27 · Net assets without donor restrictions

    beginning of year $10,216,185 · end of year $10,972,663

  • 28 · Net assets with donor restrictions

    beginning of year $2,187,524 · end of year $1,626,193

Mission and programs · 2022

Mission

THE MISSION OF THE CENTER FOR THE PERFORMING ARTS IS TO ENGAGE AND INSPIRE THE CENTRAL INDIANA COMMUNITY THROUGH ENRICHING ARTS EXPERIENCES.

Activities or mission (Part I)

TO ENGAGE AND INSPIRE THE CENTRAL INDIANA COMMUNITY THROUGH ENRICHING ARTS EXPERIENCES.

  • ARTISTIC PERFORMANCE: THE MISSION OF THE NONPROFIT CENTER FOR THE PERFORMING ARTS IS TO ENGAGE AND INSPIRE THE INDIANA COMMUNITY THROUGH ENRICHING ARTS EXPERIENCES. ITS CAMPUS INCLUDES A 1,500-SEAT CONCERT HALL, THE PALLADIUM; A 500-SEAT PROSCENIUM THEATER, THE TARKINGTON; AND THE BLACK-BOX STUDIO THEATER. THE CENTER PRESENTS AND HOSTS HUNDREDS OF EVENTS EACH YEAR, INCLUDING THE CENTER PRESENTS PERFORMANCE SEASON, FEATURING THE BEST IN CLASSICAL, JAZZ, POP, ROCK, COUNTRY, COMEDY AND OTHER GENRES. IN RESPONSE TO THE GLOBAL PANDEMIC, THE CENTER INVESTED IN DIGITAL STREAMING TECHNOLOGY AND HAS MADE PROGRAMMING AVAILABLE ONLINE TO AUDIENCES WORLDWIDE, INCLUDING THE MONTHLY LIVE AT THE CENTER LIVESTREAM CONCERT SERIES, FEATURING ORIGINAL MUSIC FROM INDIANA ARTISTS. THE CENTER IS HOME TO THE AFFILIATED GREAT AMERICAN SONGBOOK FOUNDATION AND PROVIDES SPACE AND SUPPORT SERVICES FOR SIX RESIDENT ARTS COMPANIES. SINCE OPENING IN 2011, THE CAMPUS HAS HOSTED MORE THAN 3,100 PERFORMANCES FOR OVER 1.3 MILLION TICKETED PATRONS HAILING FROM ALL 92 INDIANA COUNTIES, ALL 50 STATES AND 30-PLUS NATIONS.

    Expenses $5,984,560 · Revenue $4,981,807

  • EDUCATION AND OUTREACH: THE CENTER SERVES THE COMMUNITY THROUGH A RANGE OF EDUCATIONAL EXPERIENCES AND OUTREACH EVENTS, INCLUDING CLASSES IN MUSIC AND STAND-UP COMEDY, INTERNSHIPS, CAMPUS TOURS, MASTERCLASSES, CLINICS, EXCLUSIVE ARTIST Q&A SESSIONS FOR STUDENTS, THE PEANUT BUTTER & JAM PRESCHOOL PERFORMANCE SERIES, THE PALLADIUM BOOKIES READING CLUB, THE LUMINARIES WEEKDAY SPEAKER SERIES, THE PRISM PROJECT PERFORMING ARTS CAMP FOR YOUTH WITH DISABILITIES, AND THE NEW WORKS ARTIST COMMISSION PROGRAM. THE PERMANENTLY AFFILIATED GREAT AMERICAN SONGBOOK FOUNDATION WAS FOUNDED IN 2007 BY PERFORMER AND PRESERVATIONIST MICHAEL FEINSTEIN WITH A MISSION TO INSPIRE AND EDUCATE BY CELEBRATING THE GREAT AMERICAN SONGBOOK. THE FOUNDATION IS HOME TO A PUBLIC EXHIBIT GALLERY AND THE VAST SONGBOOK LIBRARY & ARCHIVES, WHICH PRESERVES ARTIFACTS, ARRANGEMENTS, CORRESPONDENCE AND OTHER MATERIALS FROM THE PERSONAL COLLECTIONS OF COMPOSERS, PERFORMERS AND OTHER FIGURES FROM THE 20TH CENTURY FOUNDATIONAL ERA OF AMERICAN POPULAR MUSIC. EACH YEAR THE FOUNDATION CONDUCTS THE SONGBOOK ACADEMY SUMMER INTENSIVE, A LEADING NATIONAL PROGRAM FOR HIGH SCHOOL SINGERS THAT IS DEDICATED TO THE MUSIC OF THE SONGBOOK. THE FOUNDATION ALSO RECOGNIZES LIFETIME ACHIEVEMENT IN SUPPORT OF THE SONGBOOK BY INDUCTING SONGWRITERS, SINGERS AND OTHER ARTISTS INTO THE GREAT AMERICAN SONGBOOK HALL OF FAME.

    Expenses $591,880 · Revenue $37,528

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BARBARA BRANIC

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • ZAK KHAN

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN KRUSIE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • SAM MUSE

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • SHANE HAGEMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • JUSTIN MOFFETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY ROBERTSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • QUINN SHEPHERD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ELAINE BEDLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PAUL REIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LAURIE SILER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID TEMPLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MIKE WELLS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAN PHILPOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • YUAN XIAO OU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ADAM ARCENEAUX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANN DEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN GALLINA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NICK HRISOMALOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MIKE KUBACKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JIMMY RAYFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN URBANSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JAYNE DURING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SOOMIN PARK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RON MENCIAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TOM URICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MINTI RAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANNA NYSTROM

    BOARD MEMBER (7/1/22 - 2/1/23)

    Total calculated
    $0
    Hours/week
    2

  • DEL DEMAREE

    BOARD MEMBER (7/1/22 - 1/2/23)

    Total calculated
    $0
    Hours/week
    2

  • JANE NIEDERBERGER

    BOARD MEMBER (7/1/22 - 1/27/23)

    Total calculated
    $0
    Hours/week
    2

  • JEFF MCDERMOTT

    CEO

    Total calculated
    $260,772
    From this org
    $245,756
    From related orgs
    $0
    Other
    $15,016
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $224,050
    Bonus
    $21,706
    Other
    $0
    Deferred
    $8,250
    Nontaxable benefits
    $6,766
    Filer's total
    $260,772

  • JEFF STEEG

    COO

    Total calculated
    $151,770
    From this org
    $119,447
    From related orgs
    $0
    Other
    $32,323
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $113,597
    Bonus
    $5,850
    Other
    $0
    Deferred
    $5,181
    Nontaxable benefits
    $27,142
    Filer's total
    $151,770

  • MARK TRUETT

    VP MARKETING

    Total calculated
    $150,437
    From this org
    $133,811
    From related orgs
    $0
    Other
    $16,626
    Hours/week
    39

    Schedule J breakdown matched by us

    Base
    $127,468
    Bonus
    $6,343
    Other
    $0
    Deferred
    $5,398
    Nontaxable benefits
    $11,228
    Filer's total
    $150,437

  • DAN KEMER

    VP PRODUCTION

    Total calculated
    $173,582
    From this org
    $140,407
    From related orgs
    $0
    Other
    $33,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,157
    Bonus
    $7,250
    Other
    $0
    Deferred
    $2,068
    Nontaxable benefits
    $31,107
    Filer's total
    $173,582

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 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 3
A COMPENSATION COMMITTEE WAS ESTABLISHED BY THE BOARD OF DIRECTORS OF THE CENTER FOR THE PERFORMING ARTS (THE CENTER). THE COMMITTEE UTILIZES A PROCESS WHICH EVALUATES THE CEO'S PERFORMANCE IN ACCORDANCE WITH ESTABLISHED PERFORMANCE CRITERIA, THE CENTER'S MISSION AND STRATEGIES, AND IN THE CONTEXT OF RELEVANT COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS AT SIMILARLY SITUATED ORGANIZATIONS. COMPENSATION COMMITTEE DECISIONS ON CEO COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED AND PRESENTED TO THE FULL BOARD OF DIRECTORS.

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
202401369349305780

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