Civic Intelligence

Performing Arts Center Of

EIN 46-4276537 • 501(c)3 • Rapid City, SD

Profile

The performing arts center of rapid city's mission is to provide a home for the performing arts. Its vision is to fully reflect our entire community through an ever-widening array of performing arts. This will be accomplished by remembering our shared values and following our strategic goals: shared values: creativity, community, collaboration, learning, advocacy, inclusivity, diversity, equality, sustainability, and responsibility. Goal 1 - board of directors governance: to sustain a viable board through updated bylaws and a succession plan framework. Goal 2 - partnerships: to establish new strategic partnerships while strengthening current partnerships. Goal 3 - staffing: to provide adequate staff for operating an affordable and effective organization. Goal 4 - facilities: to develop & pursue a plan for an expansion/addition of the facility and upgrade the parking. Goal 5 funding: to develop a framework for finding new funding sources. Goal 6 - marketing: to establish the performing

PO Box 5515Rapid City, SD 57709-5515

www.performingartsrc.org

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.17x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.44x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

35th percentile

-2.4%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$715,821

Down $11,322 (-1.6%) from 2023

Liabilities

Down

$124,236

Down $1,979 (-1.6%) from 2023

Net Assets

Down

$591,585

Down $9,343 (-1.6%) from 2023

Revenue

Down

$269,613

Down $14,562 (-5.1%) from 2023

Expenses

Down

$283,206

Down $7,892 (-2.7%) from 2023

Net Income

Down

-$13,593

Down $6,670 (-96%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $640,416Liabilities 2014: $2,716Net Assets 2014: $637,7002014Assets 2015: $712,833Liabilities 2015: $12,453Net Assets 2015: $700,3802015Assets 2016: $639,061Liabilities 2016: $16,727Net Assets 2016: $622,3342016Assets 2017: $594,395Liabilities 2017: $32,765Net Assets 2017: $561,6302017Assets 2018: $558,330Liabilities 2018: $27,273Net Assets 2018: $531,0572018Assets 2019: $624,048Liabilities 2019: $49,935Net Assets 2019: $574,1132019Assets 2020: $607,014Liabilities 2020: $66,770Net Assets 2020: $540,2442020Assets 2021: $682,667Liabilities 2021: $31,529Net Assets 2021: $651,1382021Assets 2022: $648,818Liabilities 2022: $49,311Net Assets 2022: $599,5072022Assets 2023: $727,143Liabilities 2023: $126,215Net Assets 2023: $600,9282023Assets 2024: $715,821Liabilities 2024: $124,236Net Assets 2024: $591,5852024

Highlighted filing

2024

Assets$715,821
Liabilities$124,236
Net Assets$591,585

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2014: $706,044Expenses 2014: $68,344Net Income 2014: $637,7002014Revenue 2015: $245,650Expenses 2015: $182,970Net Income 2015: $62,6802015Revenue 2016: $154,164Expenses 2016: $232,210Net Income 2016: -$78,0462016Revenue 2017: $258,870Expenses 2017: $319,574Net Income 2017: -$60,7042017Revenue 2018: $278,654Expenses 2018: $309,227Net Income 2018: -$30,5732018Revenue 2019: $357,697Expenses 2019: $314,641Net Income 2019: $43,0562019Revenue 2020: $253,017Expenses 2020: $286,886Net Income 2020: -$33,8692020Revenue 2021: $273,020Expenses 2021: $169,926Net Income 2021: $103,0942021Revenue 2022: $241,181Expenses 2022: $280,645Net Income 2022: -$39,4642022Revenue 2023: $284,175Expenses 2023: $291,098Net Income 2023: -$6,9232023Revenue 2024: $269,613Expenses 2024: $283,206Net Income 2024: -$13,5932024

Highlighted filing

2024

Revenue$269,613
Expenses$283,206
Net Income-$13,593

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$326,716
Mission and Program Overview

Mission

To provide a home for the performing arts and broaden its impact in the rapid city area. This will be accomplished by: fostering a collaberative spirit between schools, performing organizations and related institutions. Creating performing arts experiences, classes and workshops. Supporting and managing the facilities for the production of a wide range of high-quality community-based arts performances. Inspiring artists and audiences by presenting professional performances and outreach programming.

Provide a home for the performing arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$126,944$242,514▲ $115,570
Cash and Non-Interest-Bearing Accounts$379,747$237,919▼ $141,828
Accounts Receivable$40,313$51,717▲ $11,404
Land, Buildings, and Equipment, Net$21,696$10,743▼ $10,953
Pledges and Grants Receivable$6,499$5,438▼ $1,061
Inventories for Sale or Use$118$118→ $0
Total Assets$727,143$715,821▼ $11,322
Other Assets Total$151,826$167,372▲ $15,546
Liabilities
Deferred Revenue$79,859$84,910▲ $5,051
Accounts Payable and Accrued Expenses$46,356$39,326▼ $7,030
Total Liabilities$126,215$124,236▼ $1,979
Net Assets / Fund Balance
Net Assets With Donor Restrictions$249,094$336,953▲ $87,859
Net Assets Without Donor Restrictions$351,834$254,632▼ $97,202
Total Net Assets Fund Balance$600,928$591,585▼ $9,343
Total Liabilities and Net Assets / Fund Balance$727,143$715,821▼ $11,322

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,665$158,231$166,896
Leasehold Improvements$2,078$132,201$134,279
Other Assets Org$39,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$112,826$5,000▲ $11,614-$128,372
2022$100,427$5,000▲ $8,344-$112,826
2021$112,628$5,000▼ $11,233$4,968$100,427
2020-$105,351▲ $7,800-$112,628
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicolas JohnsonExecutive DiFT$65,566$7,129$72,695

Board Members and Trustees

NameTitle
Eric PickarPresident
Bill EvansDirector
Crissy DaviesDirector
Ellery GreyDirector
Gerrit ScheepersDirector
Jade ClementDirector
Katelyn WotenDirector
Kay KeltsDirector
Kirsten HollenbeckDirector
Michael BirkelandDirector
Pete CappaDirector
Tyler MathiesonDirector
Stephanie HelmsSecretary
Justin KlapperichTreasurer
Jana WhiteVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$76,044
Program Service Revenue
$142,437
Investment Income
$14,544
Other Revenue
$36,588
All Other Contributions
$23,247
Change in Net Assets
$-13,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$162,361
Other Expenses$120,845
Total Fundraising Expense$459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$96,987$13,278-$110,265
Occupancy$38,421--$38,421
Current Officers, Directors, Trustees, and Key Employees$19,226$17,049-$36,275
Office Expenses$3,293$20,324$459$24,076
Fees for Services Other-$19,331-$19,331
Depreciation Depletion$16,208--$16,208
Payroll Taxes$5,389$5,389-$10,778
Fees for Services Accounting-$10,752-$10,752
Other Employee Benefits$2,408$2,635-$5,043
Advertising$4,018--$4,018
Insurance-$4,018-$4,018
Fees for Service Investment Mgmnt Fees$1,068--$1,068
Other Expenses$700--$700
Travel$200--$200
Conferences and Meetings-$79-$79
Total Functional Expenses$189,892$92,855$459$283,206
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$63,602
Fundraising Direct Expenses$40,702
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pop-up Party$63,602$63,602$40,702$22,900
Total Events$63,602$63,602$40,702$22,900
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
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
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 11B

The form 990 is prepared by a cpa. The board reviews the form 990 prior to filing with the irs. The form 990 is signed by the board treasurer.

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

The conflict of interest policy covers any director, principal officer, or member of a committee with delegated powers from the board of directors. All such individuals sign an annual statement affirming they have read and complied with the policy. After disclosure of potential conflicts, the board of directors, with the exception of the interested person, determines if a conflict exists. The disinterested person may be involved in any discussions that occur regarding the conflict, but must abstain from voting and using personal influence on the matter.

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

A committee of board members, in combination with a group of board members from black hills community theatre, analyze local and regional data to determine a reasonable salary.

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

See 15a - same individual holds this position

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Form 990, Part VII

The executive director salary as shown on the w2 and part vii of the 990 is partially reimbursed by an unrelated nonprofit organization for direct services performed. As such, officer compensation as reported on part ix is substantially less than that reported in part vii.

Filing and Contact Details

Filer

Filer Name
Performing Arts Center of
EIN
46-4276537
Phone
6053946191
Address
PO BOX 5515, RAPID CITY, SD 57709-5515

Signing Officer

Name
Jana White
Title
Vice President
Phone
6053946191
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicolas Johnson
Formed
2013
Legal Domicile
Sd
Voting Board Members
15
Independent Board Members
15
Employees
25
Volunteers
245

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Jeanette Schroeder CPA
Phone
6053425630
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The performing arts center of rapid city's mission is to provide a home for the performing arts. Its vision is to fully reflect our entire community through an ever-widening array of performing arts. This will be accomplished by remembering our shared values and following our strategic goals: shared values: creativity, community, collaboration, learning, advocacy, inclusivity, diversity, equality, sustainability, and responsibility. Goal 1 - board of directors governance: to sustain a viable board through updated bylaws and a succession plan framework. Goal 2 - partnerships: to establish new strategic partnerships while strengthening current partnerships. Goal 3 - staffing: to provide adequate staff for operating an affordable and effective organization. Goal 4 - facilities: to develop & pursue a plan for an expansion/addition of the facility and upgrade the parking. Goal 5 funding: to develop a framework for finding new funding sources. Goal 6 - marketing: to establish the performing arts center of rapid city as the 'go-to' place for performances and presentations by increasing community awareness of the events and services we offer.

Form 990, Page 1, Part I, Line 6

Volunteers were utilized to work concessions, box office, and usher during performances.

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

The organization operates two venues: the 830-seat historic theatre and the 170-seat studio theatre. The center is home to black hills community theater, black hills symphony, black hills showcase chorus, shrine of democracy chorus, and rapid city high school. The center hosts multiple locally produced shows each year, in addition to touring professional artists, plays and concerts presented by rapid city school children, and performances by local groups. Rapid city area school district owns the completed facility; however, the organization currently manages the facility through a memorandum of understanding. The organization is the central point of contact for all activities within its venues, is the primary promoter of these activities, provides technical support, box office staffing, concessions staffing and coordinates all volunteer staffing for these activities. It is the vision of the performing arts center of rapid city to build community around the performing arts and among artists and audiences who come together for the shared experience that only the performing arts provide now and well into the future.

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

Two oscar howe paintings that were donated are on display to inspire other artists and contribute to the entire performing arts experience.

Schedule D, Page 2, Part V, Line 4

Earnings from the endowment fund are to be used to support general operations.

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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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IRS990/Desc0THE ORGANIZATION OPERATES TWO VENUES: THE 830-SEAT HISTORIC THEATRE AND THE 170-SEAT STUDIO THEATRE. THE CENTER IS HOME TO BLACK HILLS COMMUNITY THEATER, BLACK HILLS SYMPHONY, BLACK HILLS SHOWCASE CHORUS, SHRINE OF DEMOCRACY CHORUS, AND RAPID CITY HIGH SCHOOL. THE CENTER HOSTS MULTIPLE LOCALLY PRODUCED SHOWS EACH YEAR, IN ADDITION TO TOURING PROFESSIONAL ARTISTS, PLAYS AND CONCERTS PRESENTED BY RAPID CITY SCHOOL CHILDREN, AND PERFORMANCES BY LOCAL GROUPS. RAPID CITY AREA SCHOOL DISTRICT OWNS THE COMPLETED FACILITY; HOWEVER, THE ORGANIZATION CURRENTLY MANAGES THE FACILITY THROUGH A MEMORANDUM OF UNDERSTANDING. THE ORGANIZATION IS THE CENTRAL POINT OF CONTACT FOR ALL ACTIVITIES WITHIN ITS VENUES, IS THE PRIMARY PROMOTER OF THESE ACTIVITIES, PROVIDES TECHNICAL SUPPORT, BOX OFFICE STAFFING, CONCESSIONS STAFFING AND COORDINATES ALL VOLUNTEER STAFFING FOR THESE ACTIVITIES. IT IS THE VISION OF THE PERFORMING ARTS CENTER OF RAPID CITY TO BUILD COMMUNITY AROUND THE PERFORMING ARTS AND AMONG ARTISTS AND AUDIENCES WHO COME TOGETHER FOR THE SHARED EXPERIENCE THAT ONLY THE PERFORMING ARTS PROVIDE NOW AND WELL INTO THE FUTURE.
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IRS990/MissionDesc0THE PERFORMING ARTS CENTER OF RAPID CITY'S MISSION IS TO PROVIDE A HOME FOR THE PERFORMING ARTS. ITS VISION IS TO FULLY REFLECT OUR ENTIRE COMMUNITY THROUGH AN EVER-WIDENING ARRAY OF PERFORMING ARTS. THIS WILL BE ACCOMPLISHED BY REMEMBERING OUR SHARED VALUES AND FOLLOWING OUR STRATEGIC GOALS: SHARED VALUES: CREATIVITY, COMMUNITY, COLLABORATION, LEARNING, ADVOCACY, INCLUSIVITY, DIVERSITY, EQUALITY, SUSTAINABILITY, AND RESPONSIBILITY. GOAL 1 - BOARD OF DIRECTORS GOVERNANCE: TO SUSTAIN A VIABLE BOARD THROUGH UPDATED BYLAWS AND A SUCCESSION PLAN FRAMEWORK. GOAL 2 - PARTNERSHIPS: TO ESTABLISH NEW STRATEGIC PARTNERSHIPS WHILE STRENGTHENING CURRENT PARTNERSHIPS. GOAL 3 - STAFFING: TO PROVIDE ADEQUATE STAFF FOR OPERATING AN AFFORDABLE AND EFFECTIVE ORGANIZATION. GOAL 4 - FACILITIES: TO DEVELOP & PURSUE A PLAN FOR AN EXPANSION/ADDITION OF THE FACILITY AND UPGRADE THE PARKING. GOAL 5 FUNDING: TO DEVELOP A FRAMEWORK FOR FINDING NEW FUNDING SOURCES. GOAL 6 - MARKETING: TO ESTABLISH THE PERFORMING
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