Gaillard Performance Hall Foundation
- Assets
- $7.9m
- Revenue
- $750.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Charleston, SC
- Founding
- 06/2011
- Data as of
- 06/2021
- EIN
- 90-0616040
Organization Overview
Gaillard Performance Hall Foundation is located in Charleston, SC. The organization was established in 2011. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Gaillard Performance Hall Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaillard Performance Hall Foundation 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, Gaillard Performance Hall Foundation generated $750.7k 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 (46.5%) each year. All expenses for the organization totaled $2.8m 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 MISSION OF THE MARTHA & JOHN M. RIVERS PERFORMANCE HALL FOUNDATION IS TO IMPROVE AND ENHANCE THE PERFORMING ARTS AND ARTS EDUCATION ECOSYSTEM WITHIN CHARLESTON AND THROUGHOUT THE LOWCOUNTRY REGION OF SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARTHA & JOHN M. RIVERS PERFORMANCE HALL FOUNDATION WAS ESTABLISHED WITH THE GENERAL PURPOSE OF IMPROVING THE NONPROFIT AND PUBLIC PERFORMING ARTS VENUES, THEATERS, AND HALLS IN AND AROUND CHARLESTON, SOUTH CAROLINA; AND TO AID, SUPPORT, PROMOTE, DEVELOP, MAINTAIN AND MANAGE EDUCATIONAL PROGRAMS AND PERFORMANCES FOCUSED ON THE ARTS. WE DO THIS BY BUILDING AND SUSTAINING A VIBRANT CULTURE OF PHILANTHROPY AT THE CHARLESTON GAILLARD CENTER, AND BY PROMOTING GROWTH OF THE RIVERS ENDOWMENT FOR THE PERFORMING ARTS AND EDUCATION. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Martha Rivers Ingram Chairman | OfficerTrustee | 2 | $0 |
Dr Renee D Anderson Vice Chair & | OfficerTrustee | 20 | $0 |
Mr Paul B Galvani Secretary/tr | OfficerTrustee | 2 | $0 |
Jeffrey M Weingarten Director | Trustee | 2 | $0 |
Mr W Mason Rees Director | Trustee | 2 | $0 |
Mr Christopher S White Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $566,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680,294 |
| Total Program Service Revenue | $0 |
| Investment income | $70,437 |
| 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 | $750,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,422,862 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,801 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,917 |
| Fees for services: Accounting | $12,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,866 |
| Advertising and promotion | $0 |
| Office expenses | $8,147 |
| Information technology | $30,537 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,383 |
| Insurance | $2,728 |
| All other expenses | $0 |
| Total functional expenses | $2,773,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,200 |
| Savings and temporary cash investments | $4,214,290 |
| Pledges and grants receivable | $479,264 |
| 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 | $13,592 |
| Net Land, buildings, and equipment | $2,383 |
| Investments—publicly traded securities | $3,228,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,942,999 |
| Accounts payable and accrued expenses | $7,299 |
| 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 | $7,299 |
| Net assets without donor restrictions | $5,151,072 |
| Net assets with donor restrictions | $2,784,628 |
| 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 | $7,942,999 |
Grants Awarded
Over the last fiscal year, Gaillard Performance Hall Foundation has awarded $2,422,862 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF CHARLESTON SOUTH CAROLINA PURPOSE: CONSTRUCTION SUPPORT | $2,250,000 |
Charleston, SC PURPOSE: EDUCATION PROGRAMS | $110,000 |
Charleston, SC PURPOSE: TALENT SEARCH | $62,862 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gaillard Performance Hall Foundation has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR THE CHARLESTON GAILLARD CENTER 2021-23 DANCE INITIATIVE | $25,000 |
John Winthrop Charitable Trust Charleston, SC PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $4,225,688 |
| Earnings | $781,107 |
| Net Contributions | $2,000 |
| Ending Balance | $5,008,795 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |
Grsp Foundation Savannah, GA | $15,605,177 | $1,060,324 |
The Museum Association Inc Greenville, SC | $826,062 | $492,924 |
Friends With Benefits Fund Augusta, GA | $3,687 | $377,157 |
Lambert Allied Stampede Support Organization Cumming, GA | $25,630 | $357,814 |
Foundation For The Mint Museum Charlotte, NC | $17,249,448 | $2,001,692 |