Kimmel Center Inc
- Assets
- $246.0m
- Revenue
- $41.1m
- Investments
- $484.8k
- Employees
- 670
- Location
- Philadelphia, PA
- Founding
- 05/1997
- Data as of
- 06/2020
- EIN
- 23-2865855
Organization Overview
Kimmel Center Inc is located in Philadelphia, PA. The organization was established in 1997. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Kimmel Center Inc employed 670 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kimmel Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Kimmel Center Inc generated $41.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $49.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A WORLD CLASS PERFORMING ARTS CENTER THAT ENGAGES AND SERVES A (SEE SCH O) BROAD AUDIENCE FROM THROUGHOUT THE GREATER PHILADELPHIA REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
TO PROVIDE VITAL ARTS EDUCATION AND COMMUNITY PROGRAMMING TO SERVE THE INTERESTS OF A BROAD AND DIVERSE AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne C Ewers Vp, CEO | OfficerTrustee | 40 | $703,380 |
Edward J Cambron Vp, COO | Officer | 40 | $304,494 |
Stanley M Applegate Vp, CFO | Officer | 40 | $281,754 |
Ross S Richards Vp, Facility Sales As Of Nov'15 | Officer | 40 | $186,471 |
Crystal A Brewe VP Of Marketing | Officer | 40 | $166,777 |
Elizabeth A Saccardi Dir Of Development | 40 | $136,442 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Advertising Limited Partnership Marketing Agency | 6/29/21 | $970,119 |
Greater Philadelphia Falun Dafa Assoc Touring Show | 6/29/21 | $789,670 |
Elliott Lewis Corporation Engineer Services | 6/29/21 | $958,439 |
Elegance Tour Inc Touring Show | 6/29/21 | $771,867 |
Sierra Nevada Corporation Digital Media Company | 6/29/21 | $766,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,514,258 |
| Investment income | $6,515,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,081,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,307,741 |
| Compensation to disqualified persons | $10,233,363 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $564,514 |
| Other employee benefits | $2,417,987 |
| Payroll taxes | $1,301,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $110,820 |
| Fees for services: Lobbying | $60,500 |
| Fees for services: Fundraising | $24,250 |
| Fees for services: Investment Management | $412,394 |
| Fees for services: Other | $196,680 |
| Advertising and promotion | $2,913,683 |
| Office expenses | $101,725 |
| Information technology | $683,781 |
| Royalties | $0 |
| Occupancy | $4,254,152 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $247,597 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,189,736 |
| Insurance | $784,367 |
| All other expenses | $0 |
| Total functional expenses | $49,416,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,316,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,077,113 |
| Accounts receivable, net | $97,712 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $306,357 |
| Investments—publicly traded securities | $62,160,886 |
| Investments—other securities | $484,785 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $405,111 |
| Total assets | $245,953,445 |
| Accounts payable and accrued expenses | $2,287,864 |
| Grants payable | $0 |
| Deferred revenue | $8,028,578 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,901,404 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $678,618 |
| Total liabilities | $24,896,464 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $221,056,981 |
Grants Recieved
Over the last fiscal year, we have identified 37 grants that Kimmel Center Inc has recieved totaling $1,768,474.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: CORE SUPPORT FOR FISCAL YEARS 2020, 2021, AND 2022 | $275,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: EDUCATION AND BOARD GIVING | $230,428 |
William Penn Foundation Philadelphia, PA PURPOSE: RELIEF AND RECOVERY SUPPORT | $200,000 |
Merck Company Foundation Kenilworth, NJ PURPOSE: CONTRIBUTION PROVIDED | $150,000 |
The Honickman Charitable Fund Pennsauken, NJ PURPOSE: UNRESTRICTED | $120,510 |
Presser Foundation Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $62,565,997 |
| Earnings | $18,852,264 |
| Net Contributions | $605,266 |
| Other Expense | $4,403,088 |
| Ending Balance | $77,620,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |