Performing Arts Academy
- Assets
- $804.5k
- Revenue
- $1.3m
- Investments
- $10.0k
- Employees
- 13
- Location
- Highlands Ranch, CO
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 45-4372479
Organization Overview
Performing Arts Academy is located in Highlands Ranch, CO. The organization was established in 2013. 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 12/2023, Performing Arts Academy employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performing Arts Academy 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 12/2023, Performing Arts Academy generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 20.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSFORMATIVE CHARACTER BUILDING EXPERIENCES THROUGH PERFORMING ARTS EDUCATION SEE PART III LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPS AND CLASSROOM INSTRUCTION IN ALL AREAS OF THEATER PERFORMANCE AND PRODUCTION, INCLUDING THEATER PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Rhodes Board Chair | OfficerTrustee | 1.5 | $0 |
Ken Fong Treasurer | OfficerTrustee | 1.5 | $0 |
Holly Coors Director | Trustee | 1 | $0 |
Marty Davidson Vice Chair | OfficerTrustee | 2 | $0 |
Chris Brendlinger Secretary | OfficerTrustee | 1.5 | $0 |
Elise Collins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $110,272 |
| Related organizations | $0 |
| Government grants | $262,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,288 |
| Noncash contributions included in lines 1a–1f | $3,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,510 |
| Total Program Service Revenue | $701,113 |
| Investment income | $6,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,268,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $37,539 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,821 |
| Compensation of current officers, directors, key employees. | $10,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,575 |
| Payroll taxes | $35,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,600 |
| Advertising and promotion | $59,651 |
| Office expenses | $20,104 |
| Information technology | $6,662 |
| Royalties | $33,389 |
| Occupancy | $171,434 |
| 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 | $16,218 |
| Insurance | $6,781 |
| All other expenses | $8,427 |
| Total functional expenses | $1,128,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,421 |
| Savings and temporary cash investments | $235,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,181 |
| 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 | $28,532 |
| Net Land, buildings, and equipment | $263,363 |
| Investments—publicly traded securities | $210,295 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,348 |
| Total assets | $804,514 |
| Accounts payable and accrued expenses | $14,232 |
| Grants payable | $0 |
| Deferred revenue | $65,194 |
| 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 | $187,885 |
| Total liabilities | $267,311 |
| Net assets without donor restrictions | $297,731 |
| Net assets with donor restrictions | $239,472 |
| 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 | $804,514 |