Pendragon INC EIN 22-2717124 Form 990 (PDF) Claim this org

Pendragon INC FY2021 filing

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Promotes appreciation of music, theatre, drama, and visual arts through performances and educational events. For fiscal year 2021 it reported $360K in revenue, $166K in expenses, and $979K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Saranac Lake, NY
Website
www.pendragontheatre.org
Filings
5 on file (2020–2021)
Revenue
$360KFY2021
Expenses
$166K
Net assets
$979K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-2717124 Public charity (501(c)(3)) Saranac Lake, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes appreciation of music, theatre, drama, and visual arts through performances and educational events.
Leadership
Brunette Kelly · Secretary
Money in and out
$360K revenue, $166K expenses
Bottom line
29% program efficiency
Where the money goes · FY2021
Total revenue
$360K
Pt VIII · Ln 12
Total expenses
$166K
Pt IX · Ln 25
Net assets
$979K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $194K
Where spending went · Part IX cols B–D
Program services $0.29 Management & general $0.69 Fundraising $0.02
Program efficiency
29%
of spending reaches programs
Operating runway
48.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+54%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$360K
FY2021▼ -16%
Expenses
$166K
FY2021▼ -57%
Total assets
$1.7M
FY2021▲ +7%
Total liabilities
$706K
FY2021▼ -7%
Total revenue
$360K
Pt VIII · Ln 12
Total expenses
$166K
Pt IX · Ln 25
Net assets
$979K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$194K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B29%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPendragon INC
EINHdr · item D22-2717124
Principal addressHdr · item CSaranac Lake, NY
WebsiteHdr · item Jwww.pendragontheatre.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A650)
Ruling yearIRS BMFJun 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $48K of program spending, described in the organization's own filed words · FY2021.
01

To stimulate and promote the appreciation of music, theatre, drama, design, paiting, photography and the arts by plays, lectures, performances and demonstrations.

$48Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$246K · 68%
Investment income$101K · 28%
Program service revenue$32K · 9%
Contributions & grants68%$246K
Investment income28%$101K
Program service revenue9%$32K
— government grantsLn 1e$126K
Total revenueLn 12$360K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.29 Management & general $0.69 Fundraising $0.02
Program services29%$48K
Management & general69%$114K
Fundraising2%$4K
Total functional expensesLn 25$166K

Balance Sheet

Part X · end of year
CashLn 1$221K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$706K
Total net assetsLn 32$979K
Months of cash on handcomputed16.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $667K · Operating expenses/yr $166K
48.3 months
Where the money goes
Program services
Program services $48K · Total expenses $166K
29%
Management & General
Management & general $114K · Total expenses $166K
69%
Fundraising
Fundraising $4K · Total expenses $166K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $6K · Solicited contributions (2-yr avg) $163K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $246K · Total revenue $360K
68%
Government reliance
Government grants $126K · Total revenue $360K
35%
Earned-income share
Program service revenue $32K · Total revenue $360K
9%
Investment reliance
Investment income $101K · Total revenue $360K
+28%
Program self-sufficiency
Program service revenue $32K · Total expenses $166K
19%
Growth & trend
Revenue growth (YoY)
This year $360K · Prior year $428K
-16%
Net-asset trend (YoY)
End of year $979K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $360K · Expenses $166K
+54%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $979K · Total assets $1.7M
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $446K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
26%
People & payroll
Highest Reported Total Compensation
Individual Brunette Kelly · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $166K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74K · Total expenses $166K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 29%
Overhead ratio 69%
Fundraising cost ratio 2%
Revenue growth -16%
Investment management fee ratio 0.09%
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 · funders on record
Grants received · FY2024
See all 6 funders →

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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
FY2024 (Latest)$924K revenue · ⤓ 990 PDF
FY2023$927K revenue · ⤓ 990 PDF
FY2022$318K revenue · ⤓ 990 PDF
FY2021$360K revenue · viewing · ⤓ 990 PDF
FY2020$428K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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