Peace Center Foundation
Nonprofit profile at a glance
- EIN
- 570811297
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Greenville, SC, USA
- Phone
- 8644673030
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $41,873,432
- Expenses
- $33,347,883
- Assets
- $160,059,782
- Liabilities
- $17,688,520
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Megan Riegel (President and CEO)
Highest reported compensation
- Megan Riegel (President and CEO): $851,932 total reported compensation
- Scott Clark (CFO): $299,319 total reported compensation
- Scott Shiller (Chief Operating Officer): $263,812 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 enrich the lives of everyone we reach.
What it reported doing in 2024
The Peace Center presents high quality and culturally significant performing artists of varied genres. The establishment of the venue and resultant programming make the performing arts accessible to the regional community. Performances include Broadway shows, dance, folk, classical, choral, international, blues, rock, jazz, and opera. The Peace Center serves as the primary venue for local performing arts organizations to present programming geared to that organization's specific art focus. The Peace Center's resident companies include the Greenville Symphony Orchestra, Carolina Ballet, International Ballet, and South Carolina Governor's School for the Arts and Humanities. The Peace Center provides professional facility and event services at significantly subsidized rates to fiscally support the efforts of these local performing arts organizations. The Peace Center's Community Engagement initiatives seek to tell stories, amplify voices, educate and inspire through the arts. Our aim in community engagement is to create a more inclusive Peace Center by partnering with organizations to increase accessibility to programming, to represent the vast diversity of our community, and to be a welcoming space for all to experience performing arts.
Operating model
- Revenue model
- Other-operating. 79% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 90.8%; rating input score 91
- Fundraising efficiency: $3.72 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20.4%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 4.8; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 6.3%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 7.7% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 82% of revenue deployed · 90.8% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $30.3M in reported program spending
- Leadership: top reported pay $852K · 21 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $18.2M reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 10 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 14/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.