Providence Performing Arts Center

What it reported doing in 2024

Community outreach programs include: arts showcase enables approximately 10,000 elementary and middle school students to attend ppac to experience joy and creativity of live theater. Books to broadway exposes middle and high school students to the theatre by providing underwritien tickets to broadway shows combined with a cast member "meet & greet". Seats for service members gives members of the ri national guard/uso new england and their families the opportunity to experience live theatre by providing underwritien "preferred seating" to ppac's broadway performances throughout the year. Wonders of the wurlitzer is a free concert series. People of all ages come to listen to the music performed by local organists played on ppac's one-of-a-kind 1927 wurlitzer pipe organ. Ppac's arts scholarships programs have provided financial assistance to students grages 6 to 8 who wish to enroll in summber education programs. Big dreams begin with broadway offers prime orchestra seats for broadway performances to big brothers big sisters of Rhode Island to distribute to their mentors and children. Experience ppac creates the opportunity for every 10th grade student in Rhode Island to see a select touring broadway performance at no cost. Show study guides will be provided to schools prior to their atiendance so that they can engage in the educational material creative concepts prior to attending. Disney musicals in schools creates sustainable musical theater in under-resourced schools. Next stop broadway transports local theater-loving youth ages 10-17 to the "golden age of broadway" through workshops, classes and rehearsals.ocean state star awards celebrates the achievements of students, teachers and designers involved in high school musical thater programs.

Financial Efficiency

• Mission deployment rate: 75%; rating input score 75
• Program expense ratio: 81.1%; rating input score 81
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th 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: 61.9%; rating input score 62; 13th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

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: 9.3%; rating input score 66; 66th percentile among comparable filings
• Total-asset coverage ratio: 3.01; rating input score 75; 75th percentile among comparable filings
• Liabilities to assets ratio: 0.12; rating input score 71; 71st percentile among comparable filings
• Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
• Revenue growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
• Asset growth: 7.7% per year; rating input score 100; 53rd percentile among comparable filings