Civic Intelligence

Pack Place Performing Arts Inc

EIN 31-1524883 • 501(c)3 • Asheville, NC

Profile

To present entertaining, enlightening, and enriching programs in the performing arts for the benefit of the citizens of asheville, buncombe county, and western north carolina.

Refreshing map…

18 Biltmore AvenueAsheville, NC 28801

www.dwtheatre.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.12x

Higher debt load relative to assets than 62% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.29x

Higher debt load relative to revenue than 72% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-12%

Higher net margin than 23% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$106,884

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

NTEE A • $1M-$5M nonprofits • Source year 2024

Asset Growth

32nd percentile

-2.5%

Faster asset growth than 32% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

0.1%

Faster revenue growth than 38% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,538,071

Down $114,029 (-2.5%) from 2023

Liabilities

Up

$557,677

Up $117,169 (+27%) from 2023

Net Assets

Down

$3,980,394

Down $231,198 (-5.5%) from 2023

Revenue

Up

$1,934,095

Up $1,153 (+0.1%) from 2023

Expenses

Up

$2,173,434

Up $60,667 (+2.9%) from 2023

Net Income

Down

-$239,339

Down $59,514 (-33%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $595,105Liabilities 2011: $81,939Net Assets 2011: $513,1662011Assets 2012: $673,807Liabilities 2012: $105,828Net Assets 2012: $567,9792012Assets 2014: $766,165Liabilities 2014: $127,444Net Assets 2014: $638,7212014Assets 2015: $920,837Liabilities 2015: $138,981Net Assets 2015: $781,8562015Assets 2016: $1,664,941Liabilities 2016: $165,954Net Assets 2016: $1,498,9872016Assets 2017: $3,771,872Liabilities 2017: $155,520Net Assets 2017: $3,616,3522017Assets 2018: $4,383,931Liabilities 2018: $233,040Net Assets 2018: $4,150,8912018Assets 2020: $4,947,791Liabilities 2020: $500,706Net Assets 2020: $4,447,0852020Assets 2021: $5,147,800Liabilities 2021: $366,453Net Assets 2021: $4,781,3472021Assets 2022: $4,993,053Liabilities 2022: $608,543Net Assets 2022: $4,384,5102022Assets 2023: $4,652,100Liabilities 2023: $440,508Net Assets 2023: $4,211,5922023Assets 2024: $4,538,071Liabilities 2024: $557,677Net Assets 2024: $3,980,3942024

Highlighted filing

2024

Assets$4,538,071
Liabilities$557,677
Net Assets$3,980,394

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $749,3302011Expenses 2012: $803,8082012Revenue 2014: $926,013Expenses 2014: $958,491Net Income 2014: -$32,4782014Revenue 2015: $1,274,712Expenses 2015: $1,131,872Net Income 2015: $142,8402015Revenue 2016: $1,996,803Expenses 2016: $1,275,933Net Income 2016: $720,8702016Revenue 2017: $3,564,242Expenses 2017: $1,456,368Net Income 2017: $2,107,8742017Revenue 2018: $2,021,040Expenses 2018: $1,492,233Net Income 2018: $528,8072018Revenue 2020: $1,280,238Expenses 2020: $1,439,467Net Income 2020: -$159,2292020Revenue 2021: $1,250,115Expenses 2021: $940,329Net Income 2021: $309,7862021Revenue 2022: $1,808,862Expenses 2022: $1,797,121Net Income 2022: $11,7412022Revenue 2023: $1,932,942Expenses 2023: $2,112,767Net Income 2023: -$179,8252023Revenue 2024: $1,934,095Expenses 2024: $2,173,434Net Income 2024: -$239,3392024

Highlighted filing

2024

Revenue$1,934,095
Expenses$2,173,434
Net Income-$239,339

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.54$0.56$3.98$1.93$2.17$0.24
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$0.44$4.21$1.93$2.11$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.61$4.38$1.81$1.80$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.15$0.37$4.78$1.25$0.94$0.31
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$0.50$4.45$1.28$1.44$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.23$4.15$2.02$1.49$0.53
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$0.16$3.62$3.56$1.46$2.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.17$1.50$2.00$1.28$0.72
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.14$0.78$1.27$1.13$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.13$0.64$0.93$0.96$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.11$0.57$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.08$0.51$0.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 23, 2025
Return Version
2023v6.0
Gross Receipts
$1,974,405
Mission and Program Overview

Mission

To present entertaining, enlightening, and enriching programs in the performing arts for the benefit of the citizens of asheville, buncombe county, and western north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,381,146$3,298,844▼ $82,302
Savings and Temporary Cash Investments$931,333$736,535▼ $194,798
Cash and Non-Interest-Bearing Accounts$114,347$117,770▲ $3,423
Accounts Receivable$103,729$110,584▲ $6,855
Total Assets$4,652,100$4,538,071▼ $114,029
Other Assets Total$121,545$274,338▲ $152,793
Liabilities
Deferred Revenue$336,138$375,562▲ $39,424
Accounts Payable and Accrued Expenses$104,370$182,115▲ $77,745
Total Liabilities$440,508$557,677▲ $117,169
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,987,359$3,938,877▼ $48,482
Net Assets With Donor Restrictions$224,233$41,517▼ $182,716
Total Net Assets Fund Balance$4,211,592$3,980,394▼ $231,198
Total Liabilities and Net Assets / Fund Balance$4,652,100$4,538,071▼ $114,029

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,626,269-$3,626,269
Equipment$-337,182$865,557$528,375
Other Assets Org$5,563--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$116,495-▲ $9,760-$125,205
2022$109,526-▲ $8,003-$116,495
2021$125,287-▼ $15,446-$109,527
2020$100,912-▲ $25,408-$125,287
2019$102,028-▼ $234-$100,912
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rae GeoffreyManaging DirectorFT$106,884$106,884

Board Members and Trustees

NameTitle
Bolling FarmerDirector
David LancorDirector
Frances HealyDirector
Hannah MichaloveDirector
Jan GetzDirector
Jerry McaninchDirector
Joe ScullyDirector
Kimberly CannDirector
Maryann KieferDirector
Myles AlexanderDirector
Pattie MooreDirector
Michael CortesDirector/pre
Nancy HouhaDirector/sec
Leslie FayDirector/tre
Brian GillespieDirector/vic
Revenue and Support

Revenue Composition

Contributions and Grants
$536,344
Program Service Revenue
$1,284,855
Investment Income
$26,464
Other Revenue
$86,432
All Other Contributions
$485,094
Change in Net Assets
$-239,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,223,040
Salaries, Compensation, and Employee Benefits$949,994
Total Fundraising Expense$108,448
Grants and Similar Amounts Paid$400
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$580,709$77,709$63,365$721,783
Fees for Services Other$309,100$21,828-$330,928
Depreciation Depletion$108,795$72,096-$180,891
Advertising$172,019--$172,019
All Other Expenses$61,096$62,826$5,455$129,377
Current Officers, Directors, Trustees, and Key Employees$66,531$22,177$22,177$110,885
Payroll Taxes$51,800$7,994$6,846$66,640
Office Expenses$54,134$1,088$5,398$60,620
Other Employee Benefits$39,399$6,080$5,207$50,686
Information Technology$48,000--$48,000
Travel$41,244$1,809-$43,053
Other Expenses$28,902$1,059-$29,961
Insurance-$11,079-$11,079
Fees for Services Accounting-$10,950-$10,950
Fees for Services Legal-$2,841-$2,841
Grants to Domestic Individuals$400--$400
Total Functional Expenses$1,695,835$369,151$108,448$2,173,434
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
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 11B

The 990 is reviewed by the managing director and finance director

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

Board members sign annual code of ethics plus monitoring at all board meetings.

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

Examination of compensation from 990s of comparable organizations, state database of similar positions and compensation studies.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Pack Place Performing Arts Inc
EIN
31-1524883
Phone
8282574530
Address
18 BILTMORE AVENUE, ASHEVILLE, NC 28801
Doing Business As
Wortham Center for the Performing a

Signing Officer

Name
Michael Cortes
Title
Director/president
Phone
8282574512
Signed
2025-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cortes
Formed
1997
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
66
Volunteers
76

Preparer

Firm
Gould Killian CPA Group Pa
Address
100 COXE AVE, ASHEVILLE, NC 28801-2354
Preparer
Dan Mullinix CPA
Phone
8282580363
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Wortham brings artists from around the world to fill the stage with sounds of rock and roll, gospel, celtic, and jazz; dancers combine grace, athleticism, and passion through storytelling and powerful choreography; and comedians deliver uproarious laughter via punchlines, anecdotes, and personal stories. Artistic programming and activities are focused around the wortham center presents series, student series, community performances, and community engagement programs. Wortham center presents series includes more than 40 performances from national and international touring artists bringing the best in music, dance, theatre, and special attractions. The student series brings high quality, curriculum-related performances by professional, nationally touring companies in music, dance, and theatre to serve students and teachers in western north carolina. Partial funding for this program comes from the arts for all kids program. Wortham is proud to provide a home for local companies and performers. More than 40 companies and artists use the wortham each season, ranging from local dance studios, schools, choirs, civic and community groups, local and national festivals, theatre companies, dance companies and local groups fundraising for nonprofit causes, to provide 300 events. Wortham center offers a series of community classes in yoga, dance, and movement and plans to expand offerings in the coming season. These classes are often offered free of charge and help community members prioritize their health and wellness through the power of the arts.

Form 990, Part IX, Line 11G

Artists fees 309,100 0 0 it technology 0 11,328 0 consulting 0 10,500 0 total 309,100 21,828 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

General reserve fund purposes - funds held at local community foundation

Raw XML AppendixShowing 400 of 524 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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