Performing Arts Center Of Rapid City Inc
- Assets
- $682.7k
- Revenue
- $273.0k
- Investments
- $0.0
- Employees
- 23
- Location
- Rapid City, SD
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 46-4276537
Organization Overview
Performing Arts Center Of Rapid City Inc is located in Rapid City, SD. The organization was established in 2014. 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, Performing Arts Center Of Rapid City Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performing Arts Center Of Rapid City 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 06/2021, Performing Arts Center Of Rapid City Inc generated $273.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $169.9k during the year ending 06/2021. 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 PERFORMING ARTS CENTER OF RAPID CITY'S MISSION IS TO PROVIDE A HOME FOR THE PERFORMING ARTS. ITS VISION IS TO FULLY REFLECT OUR ENTIRE COMMUNITY THROUGH AN EVER-WIDENING ARRAY OF PERFORMING ARTS. THIS WILL BE ACCOMPLISHED BY REMEMBERING OUR SHARED VALUES AND FOLLOWING OUR STRATEGIC GOALS: SHARED VALUES: CREATIVITY, COMMUNITY, COLLABORATION, LEARNING, ADVOCACY, INCLUSIVITY, DIVERSITY, EQUALITY, SUSTAINABILITY, AND RESPONSIBILITY. GOAL 1 - BOARD OF DIRECTORS GOVERNANCE: TO SUSTAIN A VIABLE BOARD THROUGH UPDATED BYLAWS AND A SUCCESSION PLAN FRAMEWORK. GOAL 2 - PARTNERSHIPS: TO ESTABLISH NEW STRATEGIC PARTNERSHIPS WHILE STRENGTHENING CURRENT PARTNERSHIPS. GOAL 3 - STAFFING: TO PROVIDE ADEQUATE STAFF FOR OPERATING AN AFFORDABLE AND EFFECTIVE ORGANIZATION. GOAL 4 - FACILITIES: TO DEVELOP & PURSUE A PLAN FOR AN EXPANSION/ADDITION OF THE FACILITY AND UPGRADE THE PARKING. GOAL 5 FUNDING: TO DEVELOP A FRAMEWORK FOR FINDING NEW FUNDING SOURCES. GOAL 6 - MARKETING: TO ESTABLISH THE PERFORMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES TWO VENUES: THE 830-SEAT HISTORIC THEATRE AND THE 170-SEAT STUDIO THEATRE. THE CENTER IS HOME TO BLACK HILLS COMMUNITY THEATER, BLACK HILLS SYMPHONY, BLACK HILLS SHOWCASE CHORUS, RAPID CITY CHILDREN'S CHORUS, SHRINE OF DEMOCRACY CHORUS, AND RAPID CITY HIGH SCHOOL. THE CENTER HOSTS MULTIPLE LOCALLY PRODUCED SHOWS EACH YEAR, IN ADDITION TO TOURING PROFESSIONAL ARTISTS, PLAYS AND CONCERTS PRESENTED BY RAPID CITY SCHOOL CHILDREN, AND PERFORMANCES BY LOCAL GROUPS. RAPID CITY AREA SCHOOL DISTRICT OWNS THE COMPLETED FACILITY; HOWEVER, THE ORGANIZATION CURRENTLY MANAGES THE FACILITY THROUGH A MEMORANDUM OF UNDERSTANDING. THE ORGANIZATION IS THE CENTRAL POINT OF CONTACT FOR ALL ACTIVITIES WITHIN ITS VENUES, IS THE PRIMARY PROMOTER OF THESE ACTIVITIES, PROVIDES TECHNICAL SUPPORT, BOX OFFICE STAFFING, CONCESSIONS STAFFING AND COORDINATES ALL VOLUNTEER STAFFING FOR THESE ACTIVITIES. IT IS THE VISION OF THE PERFORMING ARTS CENTER OF RAPID CITY TO BUILD COMMUNITY AROUND THE PERFORMING ARTS AND AMONG ARTISTS AND AUDIENCES WHO COME TOGETHER FOR THE SHARED EXPERIENCE THAT ONLY THE PERFORMING ARTS PROVIDE NOW AND WELL INTO THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicolas Johnson Executive Di | Officer | 40 | $65,000 |
Eric Pickar Vice Preside | OfficerTrustee | 2 | $0 |
Steve Flanery President | OfficerTrustee | 3 | $0 |
Jana White Secretary | OfficerTrustee | 1 | $0 |
Angie Mckie Treasurer | OfficerTrustee | 3 | $0 |
Malcom Chapman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,209 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,022 |
| Total Program Service Revenue | $28,654 |
| Investment income | $1,276 |
| 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 | -$932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,020 |
| 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. | $32,500 |
| Compensation of current officers, directors, key employees. | $16,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $523 |
| Fees for services: Other | $780 |
| Advertising and promotion | $1,234 |
| Office expenses | $11,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,497 |
| Travel | $129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,416 |
| Insurance | $4,948 |
| All other expenses | $0 |
| Total functional expenses | $169,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,485 |
| Savings and temporary cash investments | $126,872 |
| Pledges and grants receivable | $20,247 |
| Accounts receivable, net | $8,696 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $118 |
| Prepaid expenses and deferred charges | $300 |
| Net Land, buildings, and equipment | $55,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $151,628 |
| Total assets | $682,667 |
| Accounts payable and accrued expenses | $31,529 |
| 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 | $31,529 |
| Net assets without donor restrictions | $413,659 |
| Net assets with donor restrictions | $237,479 |
| 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 | $682,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Performing Arts Center Of Rapid City Inc has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
| Earnings | $7,800 |
| Admin Expense | $523 |
| Net Contributions | $105,351 |
| Ending Balance | $112,628 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ordway Center For The Performing Arts Saint Paul, MN | $66,666,400 | $23,193,100 |
Producers Live Stock Cr Corp Omaha, NE | $188,745,900 | $8,023,454 |
The Cowles Center Minneapolis, MN | $25,707,590 | $3,628,768 |
Fonner Park Exposition And Events Center Inc Grand Island, NE | $3,469,214 | $2,166,552 |
Wyo Theatre Inc Sheridan, WY | $4,306,747 | $947,384 |
Emerson Cultural Center Inc Bozeman, MT | $4,558,491 | $1,024,732 |
Firehouse Performing Arts Center Minneapolis, MN | $427,034 | $1,162,536 |
Pangea World Theater Minneapolis, MN | $3,888,394 | $2,394,735 |
Fairmont Opera House Inc Fairmont, MN | $1,946,448 | $510,715 |
Friends Of Lied Lincoln, NE | $1,050,952 | $778,811 |
Nebraska Writers Collective Omaha, NE | $136,888 | $471,131 |
Fergus Falls Center For The Arts Inc Fergus Falls, MN | $802,335 | $580,235 |