Performing Arts Foundation INC FY2021 filing

Tax-deductible

Wausau, WI501(c)(3)Since 1972Arts & CultureEIN 23-7240695Revenue $1.8M in FY2021

On file with the IRSgrandtheater.org401 N 4th St, 54403-5420 · Wausau, WITax-exempt since Feb 1973Publicly supported — 509(a)(2)

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To enrich lives through diverse cultural experiences.

501(c)(3) charity; gifts are tax-deductible.
42¢ of each $1 spent went to programs.
$198K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $597K a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$198K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 21.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $590K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-31% vs prior year
Spent
$1.4M
To programs
42%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$1.8M
FY2021▼ -31%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$1.8M
FY2022$5.1M
FY2023$3.5M
FY2024$4.5M
FY2024$15.4M
Expenses
$1.4M
FY2021▼ -34%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$1.4M
FY2022$3.2M
FY2023$3.3M
FY2024$4.2M
FY2024$5.4M
Net assets
$2.2M
FY2021▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.2M
FY2022$3.8M
FY2023$4.1M
FY2024$4.5M
FY2024$14.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $608K Management & general 42% · $606K Fundraising 15% · $217K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $198K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$122,003Pt VII · Sec A
Associate Director
$76,385Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Sean Wright’s $260K as Executive Director is at the 31st percentile of top reported officer pay among 749 $10–100M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sean Wright$259,500$246,000$223,500$208,701$122,003$157,327
Olivia Hill$123,775$39,231————
Merry Little$69,967$88,642$115,993$103,031$76,385$99,272

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enriches lives by offering diverse cultural experiences.

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Provided by the organization

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1 program · $608K · in their own filed words · FY2020
01

Organization whose purpose is to enrich lives through diverse cultural experiences. Through its programs, activities, and services, and those of its affiliates, the foundation annually reaches over 150,000 people with performances and instructional programs. The foundation programs serve seventeen counties in wisconsin.

$608Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$590K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$84K
Investment incomeLn 3$15K
Money outPt IX
$1.4M
Ln 25
Programscol B$608K
Managementcol C$606K
Fundraisingcol D$217K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$3.7M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$848K
Fees for servicesLn 2g$84K
Investment incomeLn 3$15K
Gains on assetsLn 7$10K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$2.6M
Cash and savings togetherLn 1–2$2.6M
Land, buildings, equipmentLn 10c$330K
Other assetsLn 15$261K
Total assetsLn 16$3.7M
LiabilitiesLn 26$1.5M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 592
VolunteersI 6200
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.7M$2.6M
Land, buildings, equipmentLn 10c$286K$330K
Total assetsLn 16$2.8M$3.7M
LiabilitiesLn 26$1.1M$1.5M
Net assetsLn 32$1.7M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$334K$33K$200K$100K
Other salaries and wagesLn 7$485K$155K$260K$70K
Other employee benefitsLn 9$71K$7K$42K$21K
Payroll taxesLn 10$58K$58K
Legal feesLn 11b$12K$12K
Investment management feesLn 11f$4K$4K
Advertising and promotionLn 12$51K$51K
Office expensesLn 13$26K$2K$23K$956
OccupancyLn 16$85K$68K$13K$5K
TravelLn 17$2K$2K$92
Depreciation, depletion and amortizationLn 22$71K$57K$11K$4K
InsuranceLn 23$47K$13K$25K$10K
Other expenses (24a–d)Ln 24$174K$159K$8K$7K
All other expensesLn 24e$12K$4K$8K
Total functional expensesLn 25$1.4M$608K$606K$217K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $4.5M$4.2M$255K$4.5M 990 PDF
FY2023 $3.5M$3.3M$137K$4.1M 990 PDF
FY2022 $5.1M$3.2M$1.8M$3.8M 990 PDF
FY2021 Viewing $1.8M$1.4M$348K$2.2M 990 PDF
FY2020 $2.6M$2.2M$425K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,780,439 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $940,955$1,684,406
I-9 Program service revenuePrior year $1,488,536$84,315
I-10 Investment incomePrior year $17,397$15,341
I-11 Other revenuePrior year $151,882−$3,623
I-12 Total revenuePrior year $2,598,770$1,780,439
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $937,254$948,150
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,236,421$483,872
I-18 Total expensesPrior year $2,173,675$1,432,022
I-19 Revenue less expensesPrior year $425,095$348,417
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,780,439 across 7 lines filed
Lines not itemized here account for −$3,623 of total revenue; see the IRS return.
VIII-1e Government grants$847,876
VIII-1f All other contributions, gifts and grants$836,530
VIII-1h Total contributions, gifts and grants$1,684,406
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,690 · Unrelated business $8,625$84,315
VIII-3 Investment incomeExcluded from tax $5,484$5,484
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,857$9,857
VIII-12 Total revenueRelated to mission $75,690 · Unrelated business $8,625 · Excluded from tax $11,718$1,780,439
Part IX · Statement of functional expenses $1,432,022 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $33,388 · Management $200,331 · Fundraising $100,165$333,884
IX-7 Other salaries and wagesPrograms $154,663 · Management $260,477 · Fundraising $70,112$485,252
IX-9 Other employee benefitsPrograms $7,053 · Management $42,317 · Fundraising $21,159$70,529
IX-10 Payroll taxesPrograms $58,485$58,485
IX-11b Legal feesManagement $12,353$12,353
IX-11f Investment management feesManagement $3,699$3,699
IX-12 Advertising and promotionPrograms $50,899$50,899
IX-13 Office expensesPrograms $1,880 · Management $22,668 · Fundraising $956$25,504
IX-16 OccupancyPrograms $67,763 · Management $12,815 · Fundraising $4,868$85,446
IX-17 TravelPrograms $1,747 · Management $92$1,839
IX-22 Depreciation, depletion and amortizationPrograms $56,760 · Management $10,643 · Fundraising $3,548$70,951
IX-23 InsurancePrograms $12,688 · Management $25,174 · Fundraising $9,579$47,441
IX-24 Other expenses (24a–d)Programs $159,187 · Management $7,762 · Fundraising $6,956$173,905
IX-24e All other expensesPrograms $3,788 · Management $8,047$11,835
IX-25 Total functional expensesPrograms $608,301 · Management $606,378 · Fundraising $217,343$1,432,022
Part X · Balance sheet $3,701,601 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,702,477$2,613,829
X-3 Pledges and grants receivableStart of year $114,988$9,900
X-4 Accounts receivableStart of year $355,221$280,449
X-8 Inventories for sale or useStart of year $20,410$28,088
X-9 Prepaid expenses and deferred chargesStart of year $103,883$177,861
X-10c Land, buildings and equipment, netStart of year $286,124$330,107
X-15 Other assetsStart of year $210,665$261,367
X-16 Total assetsStart of year $2,793,768$3,701,601
X-17 Accounts payable and accrued expensesStart of year $333,072$309,309
X-19 Deferred revenueStart of year $727,785$1,199,054
X-26 Total liabilitiesStart of year $1,060,857$1,508,363
X-27 Net assets without donor restrictionsStart of year $750,860$675,334
X-28 Net assets with donor restrictionsStart of year $982,051$1,517,904
X-32 Total net assets or fund balancesStart of year $1,732,911$2,193,238
X-33 Total liabilities and net assetsStart of year $2,793,768$3,701,601
Part XI · Reconciliation of net assets $2,193,238 net assets at year end
XI-1 Total revenue$1,780,439
XI-2 Total expenses$1,432,022
XI-3 Revenue less expenses$348,417
XI-4 Net assets at start of year$1,732,911
XI-5 Net unrealized gains (losses) on investments$40,166
XI-9 Other changes in net assets$71,744
XI-10 Net assets at end of year$2,193,238

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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