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Performing Arts Academy

Tax-deductible

Middletown, OH501(c)(3)Arts & CultureEIN 26-1914415

The faith-based performing arts academy will provide opportunities that will enhance character, promote well-being, and inspire greatness by developing people through the arts. The academy desires to change lives by offering affordable, quality music education, positive theatre experiences, and an appreciation for the arts.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 197 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $58K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$163K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$294K
-18% vs prior year
Spent
$279K
To programs
90%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$294K
FY2024▼ -18%
Revenue by fiscal year
FY2020$375K
FY2021$480K
FY2022$242K
FY2023$359K
FY2024$294K
Expenses
$279K
FY2024▼ -18%
Expenses by fiscal year
FY2020$353K
FY2021$240K
FY2022$249K
FY2023$340K
FY2024$279K
Net assets
$1.4M
FY2024▲ +2%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.4M
FY2023$1.4M
FY2024$1.4M

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPerforming Arts Academy
EINHdr · item D26-1914415
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2008
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMiddletown, OH
NTEE classificationIRS BMFArts & Culture (A25)
WebsiteHdr · item Jwww.theperformingartsacademy.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program services90%$251K
Management & general9%$26K
Fundraising1%$2K
Total functional expensesLn 25$279K

Finances

Money in and out, what it owns and owes

Spent on programs
90%
of spending reaches programs▼ -1% vs prior filing year
Months of spending covered by cash
6.8mo
months of spending covered by cash and easy-to-sell investments▲ +45% vs prior filing year
Surplus or deficit
+5%
as % of revenue, this year▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.6M
FY2024▲ +2%
Total assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.5M
FY2023$1.6M
FY2024$1.6M
Total liabilities
$163K
FY2024+0.2%
Total liabilities by fiscal year
FY2020$163K
FY2021$162K
FY2022$163K
FY2023$162K
FY2024$163K
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$1.6M
Spent on programsPt IX · col B90%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$159K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$163K
Total net assetsLn 32$1.4M
Months of cash on handcomputed6.8

Statement of Revenue

Part VIII
Program service revenue$163K · 55%
Contributions & grants$68K · 23%
Other revenue$62K · 21%
Investment income$2K · 1%
Program service revenue55%$163K
Contributions & grants23%$68K
Other revenue21%$62K
Investment income1%$2K
Total revenueLn 12$294K

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $159K · Operating expenses/yr $279K
6.8 months
Where the money goes
Program services
Program services $251K · Total expenses $279K
90%
Management & General
Management & general $26K · Total expenses $279K
9%
Fundraising
Fundraising $2K · Total expenses $279K
0.9%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $86K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $68K · Total revenue $294K
23%
Government reliance
Government grants — · Total revenue $294K
—
Earned-income share
Program service revenue $163K · Total revenue $294K
55%
Investment reliance
Investment income $2K · Total revenue $294K
+0.6%
Program self-sufficiency
Program service revenue $163K · Total expenses $279K
58%
Growth & trend
Revenue change from last year
This year $294K · Prior year $359K
-18%
Revenue, average yearly change over 5 years
FY2020 $375K · FY2024 $294K
-6%
Net assets change over the year
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $294K · Expenses $279K
+5%
Debts compared to what it owns
Total liabilities — · Total assets $1.6M
—
Net assets compared to what it owns
Net assets $1.4M · Total assets $1.6M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angela Phillips · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $279K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $34K · Total expenses $279K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 90%——
Spent on management, % of spending 9%——
Fundraising cost, % of gifts 4%——
Revenue growth -18%——
Accounting fees, % of spending 1%——

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

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Angela Phillips
Board Member
$0Pt VII · Sec A
Mike Trent
Secretary
$0Pt VII · Sec A
Jon Stiles
President
$0Pt VII · Sec A
Jim Barnes
Vice Preside
$0Pt VII · Sec A
Bob Evick
Board Member
$0Pt VII · Sec A
Shirley Butts
Board Member
$0Pt VII · Sec A
John Ginter
Board Member
$0Pt VII · Sec A
Dan Schuab
Board Member
$0Pt VII · Sec A
See Performing Arts Academy executive salaries →

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Develops character and well-being through affordable, quality arts education and positive theatre experiences.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $203K of program spending, described in the organization's own filed words · FY2024.
01

Classes and performances

$203Kprogram expense

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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 · FY2024
Middletown Community FoundationFY2024$9K
Donor Advised Charitable Giving INCFY2024$6K
Total grants receivedfrom 2 funders$15K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $294K$279K-18% 990 PDF
FY2023 $359K$340K+48% 990 PDF
FY2022 $242K$249K-49% 990 PDF
FY2021 $480K$240K+28% 990 PDF
FY2020 $375K$353K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $293,993 across 7 lines filed
VIII-1f All other contributions, gifts and grants$67,697
VIII-1h Total contributions, gifts and grants$67,697
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $162,635$162,635
VIII-3 Investment incomeExcluded from tax $1,727$1,727
VIII-6 Net rental income or lossExcluded from tax $58,591$58,591
VIII-8 Net income from fundraising eventsExcluded from tax $3,343$3,343
VIII-12 Total revenueExcluded from tax $226,296$293,993
Part IX · Statement of functional expenses $279,482 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $3,105$3,105
IX-7 Other salaries and wagesPrograms $25,332 · Management $6,333$31,665
IX-10 Payroll taxesPrograms $1,938 · Management $484$2,422
IX-11c Accounting feesPrograms $2,552 · Management $1,388$3,940
IX-11g Other fees for servicesPrograms $14,049 · Management $3,512$17,561
IX-12 Advertising and promotionPrograms $4,699$4,699
IX-13 Office expensesPrograms $5,782$5,782
IX-16 OccupancyPrograms $51,055 · Management $12,097$63,152
IX-17 TravelPrograms $27 · Management $7$34
IX-22 Depreciation, depletion and amortizationPrograms $47,915$47,915
IX-23 InsurancePrograms $5,854 · Management $1,464$7,318
IX-24 Other expenses (24a–d)Programs $88,019 · Management $662 · Fundraising $2,391$91,072
IX-24e All other expensesPrograms $802 · Management $15$817
IX-25 Total functional expensesPrograms $251,129 · Management $25,962 · Fundraising $2,391$279,482
Part X · Balance sheet $1,579,352 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $22,744$47,244
X-2 Savings and temporary cash investmentsStart of year $111,694$111,705
X-4 Accounts receivableStart of year $4,506$1,576
X-8 Inventories for sale or useStart of year $7,652$7,115
X-10c Land, buildings and equipment, netStart of year $1,396,439$1,379,302
X-15 Other assetsStart of year $7,502$32,410
X-16 Total assetsStart of year $1,550,537$1,579,352
X-25 Other liabilitiesStart of year $665$1,043
X-26 Total liabilitiesStart of year $162,290$162,668
X-27 Net assets without donor restrictionsStart of year $1,388,247$1,416,684
X-32 Total net assets or fund balancesStart of year $1,388,247$1,416,684
X-33 Total liabilities and net assetsStart of year $1,550,537$1,579,352
Part XI · Reconciliation of net assets $1,416,684 net assets at year end
XI-1 Total revenue$293,993
XI-2 Total expenses$279,482
XI-3 Revenue less expenses$14,511
XI-4 Net assets at start of year$1,388,247
XI-5 Net unrealized gains (losses) on investments−$1,334
XI-9 Other changes in net assets$15,260
XI-10 Net assets at end of year$1,416,684

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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