Jefferson Performing Arts Society
- Assets
- $970.6k
- Revenue
- $1.4m
- Investments
- $296.5k
- Employees
- 22
- Location
- Metairie, LA
- Founding
- 05/1979
- Data as of
- 06/2021
- EIN
- 72-0861706
Organization Overview
Jefferson Performing Arts Society is located in Metairie, LA. The organization was established in 1979. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Jefferson Performing Arts Society employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson Performing Arts Society 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, Jefferson Performing Arts Society generated $1.4m 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 (6.9%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) 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 ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS FOR THE GENERAL PUBLIC TO GAIN FURTHER APPRECIATION OF THE ARTS IN THE COMMUNITY & EDUCATIONAL PURPOSES THROUGH ATTENDANCE AT PERFORMANCES & TRAINING OF PERFORMERS IN VARIOUS ARTISTIC ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES CONDUCTED YEAR ROUND INCLUDE THE JEFFERSON CHORALE, VARIOUS MUSICAL THEATRE CAMPS FOR KIDS DURING THE FALL, SPRING AND SUMMER, AT RISK AND NON AT RISK YOUTH OUTREACH PROGRAMS DURING THE SCHOOL YEAR.
PROGRAM CONCERTS & PERFORMANCES HELD FOR GENERAL PUBLIC TO FURTHER THEIR APPRECIATION OF THE ARTS IN THE COMMUNITY. EVENTS ARE HELD AS EITHER ONE OR SEVERAL PERFORMANCES & INCLUDE GRAND OPERA, BROADWAY MUSICALS, SYMPHONIC AND CHORAL CONCERTS, BALLET AND MODERN DANCE AND DISTINGUISHED GUEST ARTISTS OF ALL GENRES FROM AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Assaf Artistic Director | Officer | 60 | $175,929 |
Timothy Simmons Executive Director | Officer | 60 | $132,849 |
Kyle Potts Vice President | OfficerTrustee | 2 | $0 |
Kellie M Barnes Secretary | OfficerTrustee | 2 | $0 |
Jessica Coggins Treasurer | OfficerTrustee | 2 | $0 |
Stephen I Dwyer President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $682,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $869,220 |
| Total Program Service Revenue | $532,384 |
| Investment income | $5,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,410,329 |
| 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. | $308,778 |
| Compensation of current officers, directors, key employees. | $25,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,283 |
| Payroll taxes | $47,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,000 |
| Fees for services: Accounting | $12,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,039 |
| Fees for services: Other | $237,744 |
| Advertising and promotion | $37,156 |
| Office expenses | $5,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $245,666 |
| 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 | $8,586 |
| Insurance | $0 |
| All other expenses | $16,851 |
| Total functional expenses | $1,436,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,658 |
| Savings and temporary cash investments | $6,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,743 |
| 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 | $15,233 |
| Net Land, buildings, and equipment | $319,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $296,512 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $970,556 |
| Accounts payable and accrued expenses | $40,605 |
| 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 | $251,362 |
| Total liabilities | $291,967 |
| Net assets without donor restrictions | $166,265 |
| Net assets with donor restrictions | $512,324 |
| 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 | $970,556 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Jefferson Performing Arts Society has recieved totaling $30,617.
| Awarding Organization | Amount |
|---|---|
J Edgar Monroe Foundation 1976 Metairie, LA PURPOSE: GENERAL CHARITABLE PURPOSE | $17,000 |
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $7,900 |
Goldring Family Foundation Metairie, LA PURPOSE: ART & CULTURE | $5,000 |
Alex Berger Foundation New Orleans, LA PURPOSE: CIVIC AND COMMUNITY | $664 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
| Beg. Balance | $255,869 |
| Earnings | $60,771 |
| Admin Expense | $1,039 |
| Other Expense | $19,090 |
| Ending Balance | $296,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodlands Center For The Performing Arts The Woodlands, TX | $66,155,005 | $4,869,262 |
The Foundation For Jones Hall Houston, TX | $12,945,210 | $11,215,659 |
National Western Art Foundation San Antonio, TX | $33,318,907 | $5,418,283 |
Society For The Performing Arts Houston, TX | $2,735,277 | $4,022,539 |
Dsm Management Group Inc Dallas, TX | $3,614,375 | $1,386,226 |
1894 Inc Galveston, TX | $14,356,181 | $3,638,315 |
New Orleans Center For Creative Arts Institute New Orleans, LA | $27,637,413 | $1,850,928 |
Shaw Center For The Arts Llc Baton Rouge, LA | $25,156,056 | $977,133 |
Taca Inc Dallas, TX | $1,253,014 | $1,318,938 |
Jefferson Performing Arts Society Metairie, LA | $970,556 | $1,410,329 |
Denison Industrial Development Company Denison, TX | $13,693,763 | $1,394,238 |
Austin Classical Guitar Society Austin, TX | $793,861 | $1,485,955 |