Performing Arts Foundation Inc
- Assets
- $2.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 51
- Location
- Wausau, WI
- Founding
- 02/1973
- Data as of
- 06/2020
- EIN
- 23-7240695
Organization Overview
Performing Arts Foundation Inc is located in Wausau, WI. The organization was established in 1973. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Performing Arts Foundation Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performing Arts Foundation 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, Performing Arts Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.2m during the year ending 06/2020. While expenses have increased by 3.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 ENRICH LIVES THROUGH DIVERSE CULTURAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION WHOSE PURPOSE IS TO ENRICH LIVES THROUGH DIVERSE CULTURAL EXPERIENCES. THROUGH ITS PROGRAMS, ACTIVITIES, AND SERVICES, AND THOSE OF ITS AFFILIATES, THE FOUNDATION ANNUALLY REACHES OVER 150,000 PEOPLE WITH PERFORMANCES AND INSTRUCTIONAL PROGRAMS. THE FOUNDATION PROGRAMS SERVE SEVENTEEN COUNTIES IN WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Wright Executive Director | Officer | 40 | $122,003 |
Merry Little Associate Director | Officer | 40 | $76,385 |
Denis Crevier Treasurer | OfficerTrustee | 2 | $0 |
Cari Logemann Immediate Past President | OfficerTrustee | 2 | $0 |
Jenny Sweeney Vice President | OfficerTrustee | 2 | $0 |
Kevin Wolf President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $940,955 |
| Investment income | $16,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $151,882 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,598,770 |
| 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. | $235,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,500 |
| Payroll taxes | $55,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,250 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,237 |
| Fees for services: Other | $0 |
| Advertising and promotion | $110,657 |
| Office expenses | $27,792 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,970 |
| Travel | $23,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,529 |
| Insurance | $44,159 |
| All other expenses | $0 |
| Total functional expenses | $2,173,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,702,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $114,988 |
| Accounts receivable, net | $355,221 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,410 |
| Prepaid expenses and deferred charges | $103,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,665 |
| Total assets | $2,793,768 |
| Accounts payable and accrued expenses | $333,072 |
| Grants payable | $0 |
| Deferred revenue | $727,785 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,060,857 |
| 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 | $1,732,911 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Performing Arts Foundation Inc has recieved totaling $52,731.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Central Wisconsin Inc Wausau, WI PURPOSE: PERFORMING ARTS (IE : THEATER, DRAMA, ETC.) | $52,731 |
Endowment Analysis
| Beg. Balance | $210,665 |
| Earnings | $54,401 |
| Admin Expense | $3,699 |
| Ending Balance | $261,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Humanities Center St Paul, MN | $15,490,899 | $2,258,980 |
Metropolitan Regional Arts Council St Paul, MN | $2,676,962 | $5,717,209 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Crooked Tree Arts Council Inc Petoskey, MI | $8,078,138 | $2,057,244 |
Quad City Arts Inc Rock Island, IL | $1,454,915 | $1,845,550 |
Reif Arts Council Grand Rapids, MN | $641,981 | $1,377,956 |
Greater Flint Arts Council Flint, MI | $719,952 | $1,340,904 |
Central Minnesota Arts Board Foley, MN | $714,262 | $1,088,614 |
Arts League Of Michigan Inc Detroit, MI | $1,339,389 | $1,259,727 |
Kalamazoo Arts Council Inc Kalamazoo, MI | $1,347,014 | $1,153,403 |
Southwest Minnesota Arts Council Marshall, MN | $626,781 | $1,000,524 |