Carolina Academy of Performing Arts Theatre Inc
Nonprofit profile at a glance
- EIN
- 825500474
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Holly Springs, NC, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $115,983
- Expenses
- $76,254
- Assets
- $60,982
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Tracy Weeks (President)
- Reed Jacob (Vice President)
People named in this filing
- Tracy Weeks (President)
- Reed Jacob (Vice President)
- Lori Snyder (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As a year-round venue for the performing arts, the vision of CAPA Theatre is to: EDUCATE: CAPA Theatre will be a center of education for area youth by housing and operating an educational cooperative learning center that offers flexibility in accessing a variety of educational and performing arts classes. TRAIN: CAPA Theatre will be a center of educational training for selected conservatory level performing arts programs. CAPA will house training programs for selected high quality conservatory level performing arts training programs. PERFORM: CAPA Theatre will provide a state-of-the-art multidisciplinary theater and accompanying performing arts rooms and spaces which can be used to showcase high quality conservatory level performing arts productions, recitals, concerts, and shows. ENTERTAIN: CAPA Theatre will host performances in theater, music, dance, comedy, and family programming which will entertain, inspire, and educate the local public.CONNECT: CAPA Theatre will connect current an
What it reported doing in 2024
Performing Arts Educational Center: including fundraising, planning, design, construction, and on-going management
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 100
- Sustainability: 63
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.5%; rating input score 59
- Program expense ratio: 90.5%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 34.3%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 0.8; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 59.5% of revenue deployed · 90.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.