Performing Arts Academy FY2020 filing

Tax-deductible

Middletown, OH501(c)(3)Arts & CultureEIN 26-1914415Revenue $375K in FY2020

On file with the IRStheperformingartsacademy.com4400 Lewis St, 45044-6208 · Middletown, OHTax-exempt since Apr 2008Publicly supported charity — 170(b)(1)(A)(vi)

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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.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 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
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$375K
Spent
$353K
To programs
93%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$375K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$375K
FY2021$480K
FY2022$242K
FY2023$359K
FY2024$294K
Expenses
$353K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$353K
FY2021$240K
FY2022$249K
FY2023$340K
FY2024$279K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.4M
FY2023$1.4M
FY2024$1.4M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Apr 2008.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $329K Management & general 7% · $23K Fundraising 0% · $538

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

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

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Provided by the organization

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1 program · $135K · in their own filed words · FY2020
01

Classes and performances

$135Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$375K
Ln 12
Gifts and grantsLn 1h$213K
Other incomeLn 4–11$81K
Fees for servicesLn 2g$81K
Money outPt IX
$353K
Ln 25
Programscol B$329K
Managementcol C$23K
Fundraisingcol D$538
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$1.3M
LiabilitiesLn 26$163K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$213K
Fees for servicesLn 2g$81K
Investment incomeLn 3$102
Other incomeLn 4–11$81K
Total revenueLn 12$375K
Assets in detailPt X, end of year
CashLn 1$178K
SavingsLn 2$32K
Cash and savings togetherLn 1–2$210K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$7K
Total assetsLn 16$1.3M
LiabilitiesLn 26$163K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 6197
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$204K$210K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$201K$163K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$33K$33K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$371$297$74
Accounting feesLn 11c$3K$3K$856
Other fees for servicesLn 11g$39K$39K
Advertising and promotionLn 12$429$429
Office expensesLn 13$6K$6K$151
OccupancyLn 16$97K$78K$19K
Depreciation, depletion and amortizationLn 22$155K$155K
InsuranceLn 23$8K$7K$2K
Other expenses (24a–d)Ln 24$7K$5K$2K$538
All other expensesLn 24e$860$793$67
Total functional expensesLn 25$353K$329K$23K$538

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $294K$279K$15K$1.4M 990 PDF
FY2023 $359K$340K$19K$1.4M 990 PDF
FY2022 $242K$249K−$7K$1.4M 990 PDF
FY2021 $480K$240K$240K$1.4M 990 PDF
FY2020 Viewing $375K$353K$22K$1.1M 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 FY2020 990 (6 parts)
Part I · Summary $374,609 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $79,834$213,069
I-9 Program service revenuePrior year $175,379$80,595
I-10 Investment incomePrior year $133$102
I-11 Other revenuePrior year $106,941$80,843
I-12 Total revenuePrior year $362,287$374,609
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $39,271$35,291
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $295,162$317,502
I-18 Total expensesPrior year $334,433$352,793
I-19 Revenue less expensesPrior year $27,854$21,816
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $374,609 across 8 lines filed
VIII-1f All other contributions, gifts and grants$213,069
VIII-1h Total contributions, gifts and grants$213,069
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $80,595$80,595
VIII-3 Investment incomeExcluded from tax $102$102
VIII-6 Net rental income or lossExcluded from tax $77,948$77,948
VIII-8 Net income from fundraising eventsExcluded from tax $2,077$2,077
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $818$818
VIII-12 Total revenueExcluded from tax $161,540$374,609
Part IX · Statement of functional expenses $352,793 across 12 lines filed
IX-7 Other salaries and wagesPrograms $32,783$32,783
IX-10 Payroll taxesPrograms $2,508$2,508
IX-11b Legal feesPrograms $297 · Management $74$371
IX-11c Accounting feesPrograms $2,569 · Management $856$3,425
IX-11g Other fees for servicesPrograms $39,316$39,316
IX-12 Advertising and promotionPrograms $429$429
IX-13 Office expensesPrograms $6,051 · Management $151$6,202
IX-16 OccupancyPrograms $77,966 · Management $18,796$96,762
IX-22 Depreciation, depletion and amortizationPrograms $154,809$154,809
IX-23 InsurancePrograms $6,735 · Management $1,684$8,419
IX-24 Other expenses (24a–d)Programs $4,635 · Management $1,736 · Fundraising $538$6,909
IX-24e All other expensesPrograms $793 · Management $67$860
IX-25 Total functional expensesPrograms $328,891 · Management $23,364 · Fundraising $538$352,793
Part X · Balance sheet $1,302,429 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $13,188$178,367
X-2 Savings and temporary cash investmentsStart of year $190,430$31,534
X-4 Accounts receivableStart of year $4,360$4,585
X-8 Inventories for sale or useStart of year $6,739$9,645
X-10c Land, buildings and equipment, netStart of year $1,091,898$1,071,454
X-15 Other assetsStart of year $6,803$6,844
X-16 Total assetsStart of year $1,313,418$1,302,429
X-25 Other liabilitiesStart of year $1,298$1,100
X-26 Total liabilitiesStart of year $201,298$162,725
X-27 Net assets without donor restrictionsStart of year $1,112,120$1,139,704
X-32 Total net assets or fund balancesStart of year $1,112,120$1,139,704
X-33 Total liabilities and net assetsStart of year $1,313,418$1,302,429
Part XI · Reconciliation of net assets $1,139,704 net assets at year end
XI-1 Total revenue$374,609
XI-2 Total expenses$352,793
XI-3 Revenue less expenses$21,816
XI-4 Net assets at start of year$1,112,120
XI-9 Other changes in net assets$5,768
XI-10 Net assets at end of year$1,139,704

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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