Overview
What is North Carolina Performing Arts Center At Charlotte Foundation?
The North Carolina Performing Arts Center At Charlotte Foundation, located in Charlotte, North Carolina, is a nonprofit organization renowned for presenting the best in performing arts. The organization generated an estimated $115 million economic impact in 2021-2022, employing 616 individuals across their various initiatives. Through its commitment to arts and education, the foundation shares and employs the arts as a major catalyst for enhancing education, fostering community cohesion, and promoting economic growth. With a mission that extends beyond Uptown Charlotte, the foundation engaged a larger audience with the inaugural Charlotte International Arts Festival, hosting over 200 free events representing more than 10 countries. Over 2,000 students and teachers participated in their Junior Theater Program, which provides an educational and creative environment for students and teachers passionate about musical theater. Additionally, the foundation's Leap program targets 4th and 5th grade students in Title I schools, using theater as a vehicle to enhance literacy, public speaking, and creative writing skills. The foundation's initiatives have contributed significantly to the local arts scene, investing over $1 million in local artists' hands and introducing new audiences to authentic cultural performances.
Official website here: www.blumenthalarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The North Carolina Performing Arts Center At Charlotte Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The organization scored exceptionally well in the Accountability & Finance category, earning a perfect score of 100. This highlights a robust governance structure, with 100% of its board members being independent and a transparent financial oversight process.
The foundation also excels in its program expense ratio, with a notable 94.74% of its expenses directed towards programs, demonstrating a commitment to its mission. In addition to financial accountability, the organization has shown strong engagement with its community by scoring 90 in the Culture & Community category, which reflects effective practices in collecting and utilizing constituent feedback.
However, while the foundation has made strides in equity strategies, it scored 85 out of 100 in this area, indicating some room for improvement, particularly in collecting and analyzing equity data. Overall, the organization's strong financial health and community engagement positions it as a leading entity in the performing arts sector in North Carolina.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Performing Arts Center At Charlotte Foundation legitimate?
North Carolina Performing Arts Center At Charlotte Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Performing Arts Center At Charlotte Foundation 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: $1,797,069
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,505,036
For more financial information, click here
Official website here: www.blumenthalarts.org
What is the mission statement of North Carolina Performing Arts Center At Charlotte Foundation?
The North Carolina Performing Arts Center at Charlotte Foundation aims to present the best in performing arts and collaborate with others to employ arts as a major catalyst for strengthening education, building community cohesion, and advancing economic growth. Through its activities, the foundation generated an estimated $75 million economic impact last year, employing over 400 positions and providing transformative experiences for audiences. The organization continues to invite new audiences into the arts community by subsidizing tickets and offering educational programs. In 2022, the foundation helped develop original works, supported local artists, and introduced new audiences to authentic cultural performances. By creating opportunities for people to engage with the arts beyond traditional performances, the foundation fosters community history and unique talent.
Official website here: www.blumenthalarts.org
What is the revenue of North Carolina Performing Arts Center At Charlotte Foundation?
North Carolina Performing Arts Center At Charlotte Foundation's revenue in 2023 was $45,746,637.
Official website here: www.blumenthalarts.org
Who are the executives of North Carolina Performing Arts Center At Charlotte Foundation and what are their salaries?
The average compensation at North Carolina Performing Arts Center At Charlotte Foundation during 2023 was $10,522. There are 694 employees and 297 volunteers at North Carolina Performing Arts Center At Charlotte Foundation.
Here are 37 key members and their salaries:
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Official website here: www.blumenthalarts.org
Where can I find the form 990 for North Carolina Performing Arts Center At Charlotte Foundation?
North Carolina Performing Arts Center At Charlotte Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.blumenthalarts.org
Learn more at the official website: www.blumenthalarts.org
Mission Statement of North Carolina Performing Arts Center At Charlotte Foundation
The North Carolina Performing Arts Center At Charlotte Foundation, a renowned cultural institution, is committed to presenting the best in performing arts and partnering with others to employ arts as a major catalyst for enhancing education, building community cohesion, and spurring economic growth. With a mission to share the transformative power of the arts, the Foundation has generated an impressive economic impact, totaling $115 million in the past year. This impact, a combination of the Blumenthal's annual program and the Immersive Van Gogh exhibition, has brought memorable and inspiring experiences to countless individuals and contributed significantly to various sectors in the community.
The North Carolina Performing Arts Center At Charlotte Foundation's influence reaches far and wide, touching the lives of over half a million ticket holders last year alone. Through its Arts for All Access Grants and community outreach initiatives, the Foundation extends invitations to new audiences from all backgrounds to engage with the arts. In 2022, the Foundation partially or fully subsidized over 4,650 tickets to its events, ensuring access for those who might not otherwise have the opportunity. Additionally, the Foundation's high school musical theater awards provided a platform for the city's talented young people to showcase their drive, resilience, and collaboration.
The North Carolina Performing Arts Center At Charlotte Foundation not only hosts world-class performances on its stages but also supports local artists, helping them refine their projects and expand their impact. By investing more than $1 million in local artists throughout 2022, the Foundation fosters a vibrant arts community, filling gaps in Charlotte's entertainment portfolio, and introducing new audiences to diverse, authentic, and culturally rich performances. The Foundation's innovative programs and events, like "We Are Hip Hop," "Juneteenth Jam!," "Acoustic Grace," and "I Am Queen Charlotte," engage new audiences and celebrate the unique culture and talent of Charlotte.
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Impact
October, 2024
The North Carolina Performing Arts Center At Charlotte Foundation significantly enhances the cultural landscape of Charlotte, driving economic growth while fostering community engagement. In the past year alone, the foundation generated an estimated $75 million in economic impact, employing around 440 individuals across various sectors. This contribution plays a crucial role in revitalizing the local economy and supporting the arts community.
Through initiatives like Arts for All Access Grants, the foundation actively promotes inclusivity by subsidizing over 4,650 tickets, ensuring that diverse audiences can experience transformative performances. The foundation's commitment to education is evident through programs like L.E.A.P., which utilizes theater to improve literacy and public speaking skills among upper elementary students in Title I schools. Such educational efforts are vital for bridging gaps in student proficiency before they transition to middle school.
The foundation's impact also extends to local artists, with over $1 million allocated to support creative projects and public performances that enrich the community. The recent launch of the Charlotte International Arts Festival showcased artistic expressions from around the globe, increasing accessibility to cultural experiences for residents in various neighborhoods.
With performances reaching over half a million attendees for nearly 600 shows, the foundation not only entertains but also cultivates a vibrant arts scene—an essential component for a world-class city. Through programs like the Junior Theater Program and the annual High School Musical Theater Awards, it nurtures the next generation's talent, fostering collaboration and resilience among young artists.
Overall, the foundation serves as a catalyst for educational advancement, community building, and economic growth, enriching the lives of Charlotte's residents through the performing arts.
This information is meant to be a general summary of North Carolina Performing Arts Center At Charlotte Foundation. 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 2023.
- Investment Income: $543,145
- Program Service Revenue: $37,685,040
- Gross Receipts: $46,653,332
Assets and Liabilities:
- Total Assets: $58,135,879
- Total Liabilities: $19,402,796
- Net Assets: $38,733,083
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE EVENTS
Revenue
$36,793,665
EVENT PARKING
Revenue
$760,489
EVENT FOOD & BEVERAGE
Revenue
$130,886
Organization Details
Founding Year
1987
Principal Officer
Tom Gabbard
Website
www.blumenthalarts.orgNTEE Category
Code: A61 - Arts
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