Charleston Gaillard Management Corporation
- Assets
- $6.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 120
- Location
- Charleston, SC
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 46-3018925
Organization Overview
Charleston Gaillard Management Corporation is located in Charleston, SC. The organization was established in 2014. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Charleston Gaillard Management Corporation employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston Gaillard Management Corporation 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, Charleston Gaillard Management Corporation generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHARLESTON GAILLARD MANAGEMENT CORPORATION IS TO PROVIDE THE LOWCOUNTRY WITH A WORLD-CLASS PERFORMANCE HALL, ELEGANT VENUE SPACE, AND VIBRANT EDUCATIONAL OPPORTUNITIES THAT INSPIRE OUR DYNAMIC COMMUNITY THROUGH THE POWER OF THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHEDULING, PROMOTING AND SELLING TICKETS FOR PERFORMANCES OCCURRING IN THE CENTER, ALONG WITH THE MANAGEMENT OF THE VENUE RENTALS AND THE MAINTENANCE, TECHNICAL SUPPORT, AND OTHER ACTIVITIES RELATED TO THE PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen A Bedard CEO | Officer | 40 | $181,897 |
Adam Pomerantz CFO | Officer | 40 | $135,292 |
Christopher Fraser Board Member | OfficerTrustee | 0.5 | $0 |
Charles S Way Jr Chair | OfficerTrustee | 0.5 | $0 |
Helen Hill Vice-Chair | OfficerTrustee | 0.5 | $0 |
The Honorable Keith Waring Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spectra Food Services Caterer | 6/29/21 | $207,705 |
Cantey Technology Consulting Llc It Provider | 6/29/21 | $116,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $112,470 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,960,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,231,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,304,285 |
| Total Program Service Revenue | $990,860 |
| Investment income | $9,480 |
| 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 | $4,323,026 |
| 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. | $329,771 |
| Compensation of current officers, directors, key employees. | $98,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,425,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $446,647 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,908 |
| Fees for services: Accounting | $13,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,589 |
| Advertising and promotion | $34,181 |
| Office expenses | $0 |
| Information technology | $319,645 |
| Royalties | $0 |
| Occupancy | $20,000 |
| Travel | $30,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,867 |
| Insurance | $32,077 |
| All other expenses | $50,547 |
| Total functional expenses | $4,085,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,206,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $362,491 |
| Accounts receivable, net | $92,454 |
| 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 | $96,989 |
| Net Land, buildings, and equipment | $260,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,018,496 |
| Accounts payable and accrued expenses | $579,161 |
| Grants payable | $0 |
| Deferred revenue | $1,587,092 |
| 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 | $501,370 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,666 |
| Total liabilities | $2,686,289 |
| Net assets without donor restrictions | $3,332,207 |
| 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 | $6,018,496 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Charleston Gaillard Management Corporation has recieved totaling $55,661.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: ARTS GRANT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,851 |
South Carolina Humanites Council Columbia, SC PURPOSE: PODCAST/LESSON PLANS | $5,957 |
Oliver S & Jennie R Donaldson Charitable Trust Orlando, FL PURPOSE: GENERAL OPERATING | $5,000 |
Reeth Family Foundation Isle Of Palms, SC PURPOSE: GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Latin Academy Of Recording Arts & Sciences Inc Miami, FL | $39,115,078 | $23,723,068 |
Jorge M Perez Art Museum Of Miami Dade County Inc Miami, FL | $170,476,765 | $20,155,933 |
South Florida Pbs Inc Boynton Beach, FL | $14,560,451 | $12,247,643 |
Media Research Center Inc Reston, VA | $19,599,973 | $13,888,807 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Atlanta Educational Telecommunications Collaborative Atlanta, GA | $9,527,387 | $16,413,589 |
Hampton Roads Educational Telecommunications Association Inc Norfolk, VA | $32,040,229 | $13,882,168 |
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Norton Museum Of Art Inc West Palm Beach, FL | $222,458,211 | $26,618,274 |
Tampa Bay Performing Arts Center Tampa, FL | $46,297,228 | $24,294,667 |
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
North Carolina Symphony Society Inc Raleigh, NC | $32,524,457 | $22,246,893 |