Fiscal Year
07/01/2023
06/30/2024
$31,429,114.00
$31,719,483.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| tennessee performing arts center irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $25,885,364.00 | $11,738,774.00 | |
| Total Expenses | $21,786,105.00 | $7,614,048.00 | |
| Revenue Less Expenses | ($-0.00) | $4,099,259.00 | $4,124,726.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $7,347,092.00 | $8,828,563.00 | |
| Contributions, Gifts, and Grants | $2,306,057.00 | $1,908,779.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $13,999,828.00 | $97,479.00 | |
| Investment Income, Net of Losses | $-581,039.00 | $-4,999.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $298,833.00 | $0.00 | |
| Revenue In-Kind | $78,644.00 | $368.00 | |
| Other | $1,854,395.00 | $908,584.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $16,631,986.00 | $3,914,618.00 | |
| Administration Expense | $4,231,166.00 | $3,152,244.00 | |
| Fundraising Expense | $922,953.00 | $547,186.00 | |
| Total Revenue/Total Expenses | 119% | 154% | |
| Program Expense/Total Expenses | 76% | 51% | |
| Fundraising Expense/Contributed Revenue | 4% | 7% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $13,999,828.00 | Government Grants $8,828,563.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $7,347,092.00 | Contributions, Gifts, and Grants $1,908,779.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $2,306,057.00 | Other Revenue $908,584.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $35,782,071.00 | $22,129,130.00 | |
| Current Assets | $31,737,858.00 | $17,212,214.00 | |
| Long-Term Liabilities | $39,522.00 | $65,788.00 | |
| Current Liabilities | $16,991,794.00 | $7,409,314.00 | |
| Total Net Assets | $18,750,755.00 | $14,654,028.00 |
Endowment Info
Yes
$16,000,000.00
Percentage
Capital Campaign Info
Yes
Yes
$100,000,000.00
This capital campaign is an inflection point not only for TPAC but also for the future of the arts in Tennessee. Building a new performing arts center for the 21st century is an artistic, educational, and economic imperative. TPAC has embarked on a capital campaign, "Be Bold. Build TPAC." with a goal of raising $100 million to build a new home and help ensure the future of the performing arts in Nashville. A new, state-of-the art facility will allow TPAC and its resident companies, Nashville Ballet, Nashville Opera, and Nashville Repertory Theatre, to continue to bring world-class performances and educational outreach programs to Tennesseans.
August 2023
June 2028
January
2024
$14,000,000.00
Solicitation Permit Info
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from the 990. Corporate and foundation grants may be included in Individual Contributions sum, as these amounts are not separated in Form 990. Financials prepared by Kraft CPAs, PLLC. Comments provided by Tina Randolph 5/05/2023. **TPAC's endowment is housed at The Community Foundation of Middle Tennessee. |
