Overview
What is Tennessee Performing Arts Center (Tpac) Management Corporation?
The Tennessee Performing Arts Center (Tpac) Management Corporation, headquartered in Nashville, Tennessee, is a nonprofit organization primarily dedicated to presenting high-quality arts entertainment and education to Tennessee residents. Established in 1978 through an agreement with the state and the Tennessee Performing Arts Foundation, TPAC oversees the operations and functions of four theaters in downtown Nashville. In addition to its partnership with the state, TPac runs several initiatives, including seven arts education programs and various public offerings like Broadway series, concerts, comedy shows, and more. TPac also rents its facilities to three performing arts resident companies - the Nashville Opera Association, Nashville Ballet, and Nashville Repertory Theatre - and allows outside promoters to use the facilities for events with potential risk. To support public programming, TPac operates its own ticketing services. The organization's mission is to provide facilities, services, and programs of the highest quality for the benefit of the people, institutions, and communities of Tennessee, and to take a leadership role in fostering the performing arts, arts education, resident art groups, and other arts organizations. TPac employs a workforce of 362 individuals.
Official website here: www.tpac.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Tennessee Performing Arts Center (TPAC) Management Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization achieved an impressive score of 96%, indicating a high level of transparency and effective financial management practices. The rating is based entirely on accountability and finance metrics, underscoring TPAC's commitment to maintaining rigorous standards in these areas.
Strengths highlighted in the assessment include a fully independent board, which consists of 28 members, and a comprehensive audit and oversight committee, both of which contribute to effective governance. TPAC has demonstrated no material diversion of assets, a solid liabilities-to-assets ratio of 43.43%, and a program expense ratio of 75.79%. These factors suggest that the majority of their expenses are directed towards their programs, an essential metric for nonprofit efficiency.
There are no significant limitations noted in the feedback, indicating that TPAC not only meets but exceeds many of the benchmarks set by Charity Navigator. Overall, the organization stands out as a model of accountability within the nonprofit sector, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Tennessee Performing Arts Center (Tpac) Management Corporation legitimate?
Tennessee Performing Arts Center (Tpac) Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennessee Performing Arts Center (Tpac) Management Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,430,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,097,998
For more financial information, click here
Official website here: www.tpac.org
What is the mission statement of Tennessee Performing Arts Center (Tpac) Management Corporation?
The Tennessee Performing Arts Center (Tpac) Management Corporation is dedicated to providing high-quality facilities, services, and programs for the greatest benefit of the people and communities of Tennessee. Established in 1978, its primary purpose is to present arts entertainment and education to Tennessee residents. Tpac operates several initiatives, including arts education programs and public offerings such as a Broadway series, concerts, and comedy shows. It also rents its facilities to non-profit performing arts organizations, including the Nashville Opera Association, Nashville Ballet, and Nashville Repertory Theatre. Tpac supports its mission of providing arts, culture, and education to the community by fundraising from individuals, corporations, government, and foundations.
Official website here: www.tpac.org
Who is the CEO of Tennessee Performing Arts Center (Tpac) Management Corporation?
Jennifer Turner is the CEO of Tennessee Performing Arts Center (Tpac) Management Corporation The CEO's salary of Tennessee Performing Arts Center (Tpac) Management Corporation is $387,946 and their total compensation is $410,897.
Official website here: www.tpac.org
What is the revenue of Tennessee Performing Arts Center (Tpac) Management Corporation?
Tennessee Performing Arts Center (Tpac) Management Corporation's revenue in 2024 was $119,394,667.
Official website here: www.tpac.org
Who are the executives of Tennessee Performing Arts Center (Tpac) Management Corporation and what are their salaries?
The average compensation at Tennessee Performing Arts Center (Tpac) Management Corporation during 2024 was $19,254. There are 391 employees and 125 volunteers at Tennessee Performing Arts Center (Tpac) Management Corporation.
Here are 38 key members and their salaries (Tennessee Performing Arts Center (Tpac) Management Corporation's CEO's salary is $387,946 and their total compensation is $410,897):
- Compensation: $387,946
- Related: $0
- Other: $22,951
- Compensation: $267,949
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- Other: $8,921
- Compensation: $180,155
- Related: $0
- Other: $17,199
- Compensation: $168,445
- Related: $0
- Other: $15,759
- Compensation: $152,136
- Related: $0
- Other: $15,166
- Compensation: $162,163
- Related: $0
- Other: $4,754
- Compensation: $141,102
- Related: $0
- Other: $13,947
- Compensation: $106,831
- Related: $0
- Other: $12,637
- Compensation: $105,552
- Related: $0
- Other: $12,626
- Compensation: $113,336
- Related: $0
- Other: $4,784
- Compensation: $102,455
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- Other: $1,860
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Official website here: www.tpac.org
Where can I find the form 990 for Tennessee Performing Arts Center (Tpac) Management Corporation?
Tennessee Performing Arts Center (Tpac) Management Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tpac.org
Learn more at the official website: www.tpac.org
Mission Statement of Tennessee Performing Arts Center (Tpac) Management Corporation
Tennessee Performing Arts Center (TPAC) Management Corporation is a leading organization in providing high-quality arts entertainment and education to the residents of Tennessee. Established in 1978 through an agreement with the state and the Tennessee Performing Arts Foundation, TPAC's primary mission is to offer facilities, services, and programs of exceptional standard for the greatest benefit of Tennessee's people, institutions, and communities.
TPAC operates under administrative control over the Tennessee Performing Arts Center's four theaters, all located in downtown Nashville. Beyond its partnership with the state, TPAC manages several initiatives, including seven arts education programs, public offerings like Broadway series, concerts, comedy shows, and more. TPAC also extends its support to three performing arts resident companies: the Nashville Opera Association, Nashville Ballet, and Nashville Repertory Theatre, all non-profit organizations. Additionally, TPAC rents its facilities to outside promoters for events and to the state of Tennessee for state events, waiving rent in the latter case.
TPAC's mission to provide arts, culture, and education for the community is strengthened through fundraising efforts from individuals, corporations, government, and foundations. By operating its own ticket services, TPAC ensures the public's access to a diverse range of performances and events. Through its commitment to fostering the performing arts, arts education, resident groups, and other arts organizations, TPAC plays a vital role in enhancing Tennessee's cultural landscape.
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Impact
October, 2024
The Tennessee Performing Arts Center (TPAC) Management Corporation plays a pivotal role in enhancing the cultural landscape of Tennessee, particularly in Nashville. By presenting high-quality arts entertainment and education, TPAC significantly contributes to the community's access to the performing arts. Its strategic agreements with the state and the Tennessee Performing Arts Foundation have established TPAC as a cornerstone institution for artistic and educational experiences.
Operating four theaters, TPAC provides a venue for a diverse range of performing arts activities, including a Broadway series, concerts, and comedy shows, making it a central hub for entertainment. Moreover, TPAC's commitment to arts education is evidenced through its seven dedicated programs, which foster creativity and learning among residents of all ages.
TPAC actively supports local arts organizations, such as the Nashville Opera Association, Nashville Ballet, and Nashville Repertory Theatre, by providing them with performance spaces. This not only strengthens collaborative relationships within the arts community but also enriches the overall cultural offerings available to the public.
Additionally, TPAC's ticketing services enhance visitor access to performances and events, ensuring that arts engagement is seamless and organized. The corporation's fundraising efforts are critical in sustaining its mission, allowing TPAC to continuously provide high-quality facilities and services to benefit individuals, institutions, and the broader community.
In summary, TPAC Management Corporation is instrumental in fostering a vibrant arts culture in Tennessee, promoting accessibility, supporting local arts organizations, and enhancing the overall educational and entertainment landscape for its residents.
This information is meant to be a general summary of Tennessee Performing Arts Center (Tpac) Management Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,436,862
- Program Service Revenue: $22,995,731
- Gross Receipts: $120,223,688
Assets and Liabilities:
- Total Assets: $36,779,579
- Total Liabilities: $15,975,348
- Net Assets: $20,804,231
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$17,199,563
TICKET SERVICE CHG/FEES
Revenue
$4,511,631
REIMBURSEMENTS
Revenue
$1,284,537
Organization Details
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