Carolina Performing Arts Center
Nonprofit profile at a glance
- EIN
- 562180905
- IRS 990-EZ coverage
- 2012–2015
- Forms available
- Form 990 2013, Form 990-EZ 2015
- Location
- Pinehurst, NC, USA
- Phone
- 9106957898
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $99,887
- Expenses
- $182,402
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Elaine B Lea (President)
- Stephen F Later (Vice President)
People named in this filing
- Elaine B Lea (President)
- Stephen F Later (Vice President)
- Gena Smith (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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promotion of performing arts
What it reported doing in 2015
The organization sponsors numerous dance performances throughout the year. Students participate with professionals hired by the organization in training and performances. Children will be more aware of arts.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of total spending goes to programs and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 82
- Sustainability: 11
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.4%; rating input score 68
- Program expense ratio: 37.5%; rating input score 37
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -82.6%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -65.4% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -14.5% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: -54.7% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 68.4% of revenue deployed · 37.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $68K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2012 to 2015
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 37/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.