Civic Intelligence

Wolf Performing Arts Center Inc.

990 • Fiscal year 2018 • EIN 20-3193765

Sep 01, 2017 to Aug 31, 2018 • Filed on Oct 30, 2018

1240 Montrose AveBryn Mawr, PA 19010

(484) 343-3830

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.15x

Higher debt load relative to assets than 69% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.09x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

71st percentile

15%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

56th percentile

$24,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

88th percentile

49%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$548,722

Up $179,651 (+49%) from 2017

Net Assets

Up

$468,042

Up $128,920 (+38%) from 2017

Liabilities

Up

$80,680

Up $50,731 (+169%) from 2017

Revenue

Up

$886,770

Up $174,142 (+24%) from 2017

Expenses

Up

$757,850

Up $89,938 (+13%) from 2017

Net Income

Up

$128,920

Up $84,204 (+188%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $294,714Liabilities 2011: $10,000Net Assets 2011: $284,7142011Assets 2012: $254,999Liabilities 2012: $17,511Net Assets 2012: $237,4882012Assets 2013: $185,527Liabilities 2013: $7,924Net Assets 2013: $177,6032013Assets 2014: $222,520Liabilities 2014: $9,234Net Assets 2014: $213,2862014Assets 2015: $272,447Liabilities 2015: $14,173Net Assets 2015: $258,2742015Assets 2016: $300,801Liabilities 2016: $6,395Net Assets 2016: $294,4062016Assets 2017: $369,071Liabilities 2017: $29,949Net Assets 2017: $339,1222017Assets 2018: $548,722Liabilities 2018: $80,680Net Assets 2018: $468,0422018Assets 2019: $724,348Liabilities 2019: $107,007Net Assets 2019: $617,3412019Assets 2020: $753,445Liabilities 2020: $167,875Net Assets 2020: $585,5702020Assets 2021: $893,797Liabilities 2021: $170,364Net Assets 2021: $723,4332021Assets 2023: $1,074,228Liabilities 2023: $175,909Net Assets 2023: $898,3192023Assets 2024: $1,189,387Liabilities 2024: $173,165Net Assets 2024: $1,016,2222024

Highlighted filing

2018

Assets$548,722
Liabilities$80,680
Net Assets$468,042

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $291,8142011Expenses 2012: $428,9412012Expenses 2013: $441,8922013Revenue 2014: $485,237Expenses 2014: $449,555Net Income 2014: $35,6822014Revenue 2015: $562,964Expenses 2015: $517,976Net Income 2015: $44,9882015Revenue 2016: $693,190Expenses 2016: $657,058Net Income 2016: $36,1322016Revenue 2017: $712,628Expenses 2017: $667,912Net Income 2017: $44,7162017Revenue 2018: $886,770Expenses 2018: $757,850Net Income 2018: $128,9202018Revenue 2019: $954,270Expenses 2019: $804,971Net Income 2019: $149,2992019Revenue 2020: $698,704Expenses 2020: $730,475Net Income 2020: -$31,7712020Revenue 2021: $858,882Expenses 2021: $721,019Net Income 2021: $137,8632021Revenue 2023: $1,336,589Expenses 2023: $1,297,900Net Income 2023: $38,6892023Revenue 2024: $1,675,856Expenses 2024: $1,558,145Net Income 2024: $117,7112024

Highlighted filing

2018

Revenue$886,770
Expenses$757,850
Net Income$128,920
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$886,770
Mission and Program Overview

Mission

Wolf performing arts center is dedicated to enriching the lives of young people through learning,expierncing. And creating theatre. We provide students an opportunity to grow through theatre, developing confidence and creativity, while deepening community's appreciation of the performing arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$220,163$336,606▲ $116,443
Land, Buildings, and Equipment, Net$87,223$114,843▲ $27,620
Cash and Non-Interest-Bearing Accounts$20,927$56,610▲ $35,683
Prepaid Expenses and Deferred Charges$16,222$10,490▼ $5,732
Accounts Receivable$4,454$10,173▲ $5,719
Total Assets$369,071$548,722▲ $179,651
Other Assets Total$20,082$20,000▼ $82
Liabilities
Deferred Revenue$25,227$50,218▲ $24,991
Mortgage Notes Payable Secured by Investment Property-$27,885-
Accounts Payable and Accrued Expenses$4,722$2,577▼ $2,145
Total Liabilities$29,949$80,680▲ $50,731
Net Assets / Fund Balance
Unrestricted Net Assets$339,122$468,042▲ $128,920
Total Net Assets Fund Balance$339,122$468,042▲ $128,920
Total Liabilities and Net Assets / Fund Balance$369,071$548,722▲ $179,651

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$114,843$31,395$146,238
Compensation and Service Providers

Employees

NameTitleBaseTotal
Barbara WolfExecutive Di$24,000$24,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$104,851
Program Service Revenue
$779,476
Investment Income
$2,443
Other Revenue
$0
All Other Contributions
$104,851
Change in Net Assets
$128,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$461,654
Other Expenses$296,196
Total Fundraising Expense$30,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$365,258$13,564$19,662$398,484
Occupancy$125,380$17,635$4,409$147,424
Payroll Taxes$35,253$1,723$2,194$39,170
Current Officers, Directors, Trustees, and Key Employees$15,600$4,800$3,600$24,000
All Other Expenses$12,277$6,390$425$19,092
Office Expenses$11,944$136$82$12,162
Depreciation Depletion$10,543$556-$11,099
Fees for Services Legal-$9,950-$9,950
Advertising$8,988--$8,988
Insurance$7,570$1,336-$8,906
Other Expenses$7,695$1,304$325$7,695
Travel$1,869$207-$2,076
Information Technology$507--$507
Total Functional Expenses$669,552$57,601$30,697$757,850
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Barbara wolf betsy regn executive di prog dir daughter andrea braverman sarah braverman president oper dir daughter

Form 990, Page 6, Part VI, Line 11B

Form 990 was reviewed by the board of directors and executive director.

Form 990, Page 6, Part VI, Line 12C

Monitored by the board of directors and the executive director.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director and key employees was based on research regarding compensation for comparable size companies in the non profit theatre industry.

Form 990, Page 6, Part VI, Line 15B

Compensation for key employee was based upon research regarding compensation for comparable size companies in the non-profit theatre industry.

Form 990, Page 6, Part VI, Line 19

The organization will make form 990 available within ten days upon a written request for the document.

Filing and Contact Details

Filer

Filer Name
Wolf Performing Arts Center Inc
EIN
20-3193765
Phone
4843433830
Address
1240 MONTROSE AVE, BRYN MAWR, PA 19010

Signing Officer

Name
Barbara Wolf
Title
Executive Director
Phone
6106420233
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Wolf
Formed
2005
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
39

Preparer

Firm
Michael J Stewart Pc
Address
1316 LEEDOM RD, HAVERTOWN, PA 19083-4804
Preparer
Michael J Stewart CPA
Phone
6104497261
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Wolf performing arts center is dedicated to enriching the lives of young people through learning,expierncing. And creating theatre. We provide students an opportunity to grow through theatre, developing confidence and creativity, while deepening community's appreciation of the performing arts.

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IRS990/OtherExpensesGrp/ProgramServicesAmt128112
IRS990/OtherExpensesGrp/ProgramServicesAmt29236
IRS990/OtherExpensesGrp/ProgramServicesAmt37695
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IRS990/ProgramServiceRevenueGrp/Desc4MEMBERSHIP
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162386
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt214583
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162386
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38806
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt48351
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt082287
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt038
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0336606
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0104851
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0139238
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0137619
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0118900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0582895
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt038
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01034
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0781919
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0630341
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0425345
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0366337
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt031395
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WOLF PERFORMING ARTS CENTER IS DEDICATED TO ENRICHING THE LIVES OF YOUNG PEOPLE THROUGH LEARNING,EXPIERNCING. AND CREATING THEATRE. WE PROVIDE STUDENTS AN OPPORTUNITY TO GROW THROUGH THEATRE, DEVELOPING CONFIDENCE AND CREATIVITY, WHILE DEEPENING COMMUNITY'S APPRECIATION OF THE PERFORMING ARTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BARBARA WOLF BETSY REGN EXECUTIVE DI PROG DIR DAUGHTER ANDREA BRAVERMAN SARAH BRAVERMAN PRESIDENT OPER DIR DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES WAS BASED ON RESEARCH REGARDING COMPENSATION FOR COMPARABLE SIZE COMPANIES IN THE NON PROFIT THEATRE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR KEY EMPLOYEE WAS BASED UPON RESEARCH REGARDING COMPENSATION FOR COMPARABLE SIZE COMPANIES IN THE NON-PROFIT THEATRE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION WILL MAKE FORM 990 AVAILABLE WITHIN TEN DAYS UPON A WRITTEN REQUEST FOR THE DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.19$0.17$1.02$1.68$1.56$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.18$0.90$1.34$1.30$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.17$0.72$0.86$0.72$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.75$0.17$0.59$0.70$0.73$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.72$0.11$0.62$0.95$0.80$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.08$0.47$0.89$0.76$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.37$0.03$0.34$0.71$0.67$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.69$0.66$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.26$0.56$0.52$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.22$0.01$0.21$0.49$0.45$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.01$0.18$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.02$0.24$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.01$0.28$0.29