Pentangle EIN 03-0237947

Pentangle FY2023 filing

EIN  03-0237947 Public charity (501(c)(3)) Woodstock, VT
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers affordable arts programming like movies, theater, youth enrichment, and concerts.
Leadership
Alita Wilson · Executive Di · $64K
Money in and out
$499K revenue, $623K expenses
Bottom line
71% program efficiency

Offers affordable arts programming like movies, theater, youth enrichment, and concerts. For fiscal year 2023 it reported $499K in revenue, $623K in expenses, and $360K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$499K
Pt VIII · Ln 12
Total expenses
$623K
Pt IX · Ln 25
Net assets
$360K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$124K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.25 Fundraising $0.05
Program efficiency
71%
of spending reaches programs
Operating runway
4.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$499K
FY2023▼ -61%
Expenses
$623K
FY2023▼ -51%
Total assets
$592K
FY2023▲ +13%
Total liabilities
$232K
FY2023▲ +435%
Total revenue
$499K
Pt VIII · Ln 12
Total expenses
$623K
Pt IX · Ln 25
Net assets
$360K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$124K
Total assetsPt X · Ln 16$592K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $383K of program spending, described in the organization's own filed words · FY2022.
01

Pentangle arts, founded in 1974 is a nonprofit organization dedicated to providing high quality, affordable arts programming for area residents and visitors alike. It presents movies, theater, youth enrichment and concerts throughout the year.

$241Kprogram expense
02

Town Hall Theatre

Pentangle manages the historic woodstock town hall theatre, where it screens first run movies on the largest screen and best sound system in the region. In addition to feature films, pentangle screens topical and historic documentaries and regional film debuts.

$91Kprogram expense
03

Youth in Arts

Pentangle's arts in education program, one of the oldest in vermont, enriches the lives of thousands of students of all ages through performances, artist residencies, camps and after school programs.

$51Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPentangle
EINHdr · item D03-0237947
Principal addressHdr · item CWoodstock, VT
WebsiteHdr · item Jwww.pentanglearts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A610)
Ruling yearIRS BMFSep 1975

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$63,852Pt VII · Sec A
$24,290Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alita Wilson’s $38K as Former Executive Director is at the 33rd percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Alita Wilson$37,945$65,772$63,852$62,000
Deborah Greene$32,308
Angela Moore$20,232$24,290$13,338$16,673

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$373K · 75%
Program service revenue$100K · 20%
Other revenue$20K · 4%
Investment income$5K · 1%
Contributions & grants75%$373K
Program service revenue20%$100K
Other revenue4%$20K
Investment income1%$5K
— government grantsLn 1e$79K
Total revenueLn 12$499K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.25 Fundraising $0.05
Program services71%$441K
Management & general25%$154K
Fundraising5%$29K
Total functional expensesLn 25$623K

Balance Sheet

Part X · end of year
CashLn 1$227K
Total assetsLn 16$592K
Total liabilitiesLn 26$232K
Total net assetsLn 32$360K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $253K · Operating expenses/yr $623K
4.9 months
Where the money goes
Program services
Program services $441K · Total expenses $623K
71%
Management & General
Management & general $154K · Total expenses $623K
25%
Fundraising
Fundraising $29K · Total expenses $623K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $25K · Solicited contributions (3-yr avg) $1.1M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $373K · Total revenue $499K
75%
Government reliance
Government grants $79K · Total revenue $499K
16%
Earned-income share
Program service revenue $100K · Total revenue $499K
20%
Investment reliance
Investment income $5K · Total revenue $499K
+1%
Program self-sufficiency
Program service revenue $100K · Total expenses $623K
16%
Growth & trend
Revenue growth (YoY)
This year $499K · Prior year $1.3M
-61%
Net-asset trend (YoY)
End of year $360K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $499K · Expenses $623K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $592K
Net-asset ratio
Net assets $360K · Total assets $592K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $26K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $592K
4%
People & payroll
Highest Reported Total Compensation
Individual Alita Wilson · Reported title EXECUTIVE DI · Highest reported compensation $64K · Total expenses $623K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $214K · Total expenses $623K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 25%
Fundraising cost ratio 8%
Revenue growth -61%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 2 grants · $2.5M · 2020–2021
Town of Woodstock VtFY2021$878,559
Town of Woodstock VtFY2020$1,620,472

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$677K revenue · ⤓ 990 PDF
FY2024$429K revenue · ⤓ 990 PDF
FY2023$499K revenue · viewing · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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