African American Performing Arts Center Foundation
- Assets
- $3.8k
- Revenue
- $45.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Albquerque, NM
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 26-1280620
Organization Overview
African American Performing Arts Center Foundation is located in Albquerque, NM. The organization was established in 2009. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, African American Performing Arts Center Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Performing Arts Center Foundation 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 06/2021, African American Performing Arts Center Foundation generated $45.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $74.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AFRICAN AMERICAN PERFORMING ARTS CENTER FOUNDATION IS TO PRESERVE, NURTURE AND SUPPORT THE INTELLECTUAL AND CULTURAL HISTORY OF AFRICAN AMERICANS IN NEW MEXICO AND THE SOUTHWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE MONTH OF FEBRUARY, AAPAC, ALONG WITH MUSICAL THEATRE SOUTHWEST HOSTED DREAMGIRLS FROM FEBRUARY 7 - 23, 2020. OF THE NINE SHOWS, SIX WERE SELL OUTS WITH A WAITING LIST. APPROXIMATELY 3,000 PEOPLE CAME TO AAPAC TO WITNESS A PRODUCTION OF A MOSTLY AFRICAN AMERICAN CAST. DUE TO THE CORONAVIRUS, AAPAC HOSTED THREE VIRTUAL CONCERTS, AND AN AMATEUR NIGHT. AAPAC ALSO PARTICIPATED IN A VIRTUAL STATE-WIDE JUNETEENTH EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Cain Former Ed | 20 | $18,001 | |
Derrick Ballard President | OfficerTrustee | 2 | $0 |
Devon Fleming Secretary | OfficerTrustee | 10 | $0 |
Joby Wallace Executive Di | OfficerTrustee | 20 | $0 |
Dr Danielle C Riddle-Price Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $536 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,496 |
| Total Program Service Revenue | $200 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $18,001 |
| Other salaries and wages | $493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $1,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,880 |
| Advertising and promotion | $0 |
| Office expenses | $7,679 |
| Information technology | $205 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $999 |
| All other expenses | $0 |
| Total functional expenses | $74,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$39 |
| Savings and temporary cash investments | $2,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $899 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,792 |
| Accounts payable and accrued expenses | $5,685 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,685 |
| Net assets without donor restrictions | -$1,893 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,792 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that African American Performing Arts Center Foundation has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Anne Arundel County Inc Annapolis, MD PURPOSE: ARTS EDUCATION DEVELOPMENT | $11,500 |
Arts Council Of Anne Arundel County Inc Annapolis, MD PURPOSE: ARTS EDUCATION DEVELOPMENT | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Austin Performing Arts Center Austin, TX | $60,832,333 | $4,600,967 |
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Stages Houston, TX | $35,203,862 | $5,949,704 |
Vilar Center Arts Foundation Avon, CO | $21,813,325 | $6,525,406 |
Lubbock Entertainment And Performing Arts Association Lubbock, TX | $190,146,565 | $3,966,271 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |
Center For The Arts Crested Butte, CO | $20,478,017 | $2,980,319 |
Friends Of Levitt Pavilion Denver Denver, CO | $1,477,528 | $3,241,132 |
Georgetown Palace Theatre Inc Georgetown, TX | $7,443,591 | $5,634,871 |
Phoenix Performing Arts Center Inc Phoenix, AZ | $1,404,123 | $1,426,991 |
St Lukes Performing Arts Academy Highlands Ranch, CO | $808,627 | $1,082,453 |
Sammons Center For The Arts Dallas, TX | $1,480,385 | $820,044 |