Pack Place Performing Arts Inc
Nonprofit profile at a glance
- EIN
- 311524883
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Asheville, NC, USA
- Phone
- 8282574530
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $2,055,440
- Expenses
- $2,258,016
- Assets
- $4,307,929
- Liabilities
- $519,754
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Highest reported compensation
- RAE GEOFFREY (MANAGING DIR): $112,365 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To present entertaining, enlightening, and enriching programs in the performing arts for the benefit of the citizens of asheville, buncombe county, and western North Carolina.
What it reported doing in 2024
As a cornerstone of asheville's performing arts scene for more than 30 years, the wortham center for the performing arts connects artists, audiences, and students through performances, education, and community engagement. Wortham presents nationally touring artists alongside regional arts organizations spanning multiple genres, including music, dance, theatre, and comedy. Headliners over the past three years have included pilobolus, kathy mattea, black violin, jane lynch, kate flannery, nicole zuraitis, bodytraffic, john mccutheon, paula poundstone, rhiannon giddens, bla fleck, and garrison keillor. More than 40 organizations present over 280 public events at wortham each year, including the asheville symphony, asheville area chamber of commerce, asheville ballet, asheville comedy festival, ballet conservatory of asheville, blue ridge orchestra, and asheville performing arts academy. In addition to wortham's student series, which presents approximately 15 performances annually that align with the North Carolina public schools curriculum, wortham provides arts education through community health and wellness classes, workshops, masterclasses, and summer creative art camps. The arts for all kids program provides financial assistance and support that enables all children to participate regardless of their family's financial circumstances.
Operating model
- Revenue model
- Other-operating. 63% of the money available for current operations came from other operating revenue.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.5%; rating input score 94
- Program expense ratio: 82%; rating input score 82
- Fundraising efficiency: $5.07 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -9.9%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 1.91; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 5%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 11.1% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 93.5% of revenue deployed · 82% of spending went to programs
- Governance: 15 of 15 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $112K · 15 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Accountability: Governance controls: 4 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 17/100.
- High — Sustainability: Operating margin scored 13/100.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 54/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.