Performing Arts Center of Rapid City Inc

Nonprofit profile at a glance

EIN
464276537
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Rapid City, SD, USA
Phone
6053946191
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Centers

Official website

Reported finances

Revenue
$309,861
Expenses
$300,448
Assets
$721,027
Liabilities
$114,499

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • JANA WHITE (PRESIDENT)

Highest reported compensation

  • NICOLAS JOHNSON (EXECUTIVE DI): $71,153 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The performing arts center of rapid city's mission is to provide a home for the performing arts. Its vision is to fully reflect our entire community through an ever-widening array of performing arts. This will be accomplished by remembering our shared values and following our strategic goals: shared values: creativity, community, collaboration, learning, advocacy, inclusivity, diversity, equality, sustainability, and responsibility. Goal 1 - board of directors governance: to sustain a viable board through updated bylaws and a succession plan framework. Goal 2 - partnerships: to establish new strategic partnerships while strengthening current partnerships. Goal 3 - staffing: to provide adequate staff for operating an affordable and effective organization. Goal 4 - facilities: to develop & pursue a plan for an expansion/addition of the facility and upgrade the parking. Goal 5 funding: to develop a framework for finding new funding sources. Goal 6 - marketing: to establish the performing

What it reported doing in 2024

The organization operates two venues: the 830-seat historic theatre and the 170-seat studio theatre. The center is home to black hills community theater, black hills symphony, black hills showcase chorus, shrine of democracy chorus, and rapid city high school. The center hosts multiple locally produced shows each year, in addition to touring professional artists, plays and concerts presented by rapid city school children, and performances by local groups. Rapid city area school district owns the completed facility; however, the organization currently manages the facility through a memorandum of understanding. The organization is the central point of contact for all activities within its venues, is the primary promoter of these activities, provides technical support, box office staffing, concessions staffing and coordinates all volunteer staffing for these activities. It is the vision of the performing arts center of rapid city to build community around the performing arts and among artists and audiences who come together for the shared experience that only the performing arts provide now and well into the future.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.3%; rating input score 70
  • Program expense ratio: 65.3%; rating input score 65
  • Fundraising efficiency: $111.11 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 2.4; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 23.7%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 0.5% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 70.3% of revenue deployed · 65.3% of spending went to programs
  • Governance: 13 of 13 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $196K in reported program spending
  • Leadership: top reported pay $71K · 14 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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: 3 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.