Nova Center For The Performing Arts Inc
- Assets
- $379.2k
- Revenue
- $252.0k
- Investments
- $0.0
- Employees
- 18
- Location
- Billings, MT
- Founding
- 04/1998
- Data as of
- 05/2022
- EIN
- 81-0514788
Organization Overview
Nova Center For The Performing Arts Inc is located in Billings, MT. The organization was established in 1998. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Nova Center For The Performing Arts Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nova Center For The Performing Arts 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 05/2022, Nova Center For The Performing Arts Inc generated $252.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $203.3k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NOVA CENTER FOR THE PERFORMING ARTS IS TO ENHANCE THE PERFORMING ARTS CULTURE OF THE GREATER BILLINGS REGION THROUGH EDUCATION, DEVELOPMENT AND PERFORMANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES FOR PRODUCTIONS, DRAMATIC PLAYS, MUSICALS, OPERAS, AND IMPROV SHOWS.
EDUCATED STUDENTS WITH YOUTH CONSERVATORY PROGRAM, THEATER CAMPS, YOUTH PRODUCTIONS TAKEN INTO LOCAL SCHOOLS, AND MULTIPLE THEATER AND VOICE WORKSHOPS. AWARDED YOUTH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dodie Rife Managing Producer | Officer | 40 | $37,368 |
Karen Postema Secretary | OfficerTrustee | 5 | $0 |
William Stearns President | OfficerTrustee | 5 | $0 |
Ellen Layton 2nd Vice President | OfficerTrustee | 1 | $0 |
Daniel Struckman 1st Vice President | OfficerTrustee | 1 | $0 |
Steven Butler Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,050 |
| Related organizations | $0 |
| Government grants | $23,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,301 |
| Noncash contributions included in lines 1a–1f | $25,153 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,393 |
| Total Program Service Revenue | $70,250 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,450 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,251 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,131 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $252,046 |
| 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. | $36,004 |
| Compensation of current officers, directors, key employees. | $3,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,287 |
| 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 | $10,033 |
| Advertising and promotion | $4,155 |
| Office expenses | $16,230 |
| Information technology | $0 |
| Royalties | $2,596 |
| Occupancy | $18,874 |
| Travel | $1,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,000 |
| Insurance | $11,504 |
| All other expenses | $0 |
| Total functional expenses | $203,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,355 |
| Savings and temporary cash investments | $66,519 |
| 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 | $300 |
| Net Land, buildings, and equipment | $235,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $379,205 |
| Accounts payable and accrued expenses | $145 |
| 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 | $417,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $417,584 |
| Net assets without donor restrictions | $0 |
| 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 | -$38,379 |
| Total liabilities and net assets/fund balances | $379,205 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nova Center For The Performing Arts Inc has recieved totaling $8,862.
| Awarding Organization | Amount |
|---|---|
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $6,748 |
Mary Alice Fortin Foundation For Youth Enrichment Billings, MT PURPOSE: YOUTH PROGRAM SPONSORSHIP | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $114 |
Endowment Analysis
| Beg. Balance | $53,853 |
| Earnings | $848 |
| Admin Expense | $92 |
| Ending Balance | $54,609 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fargo Moorhead Opera Company Fargo, ND | $294,816 | $632,093 |
Opera Idaho Inc Boise, ID | $618,057 | $707,547 |
Nova Center For The Performing Arts Inc Billings, MT | $379,205 | $252,046 |
Intermountain Opera Association Of Bozeman Bozeman, MT | $402,541 | $309,633 |
Sun Valley Opera Company Ketchum, ID | $167,419 | $179,668 |
Idaho Falls Opera Theater Inc Idaho Falls, ID | $49,571 | $51,748 |
Western Plains Opera Company Inc Minot, ND | $53,457 | $0 |