Civic Intelligence

Performing Arts Center of Rapid City Inc.

990 • Fiscal year 2020 • EIN 46-4276537

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

PO Box 5515Rapid City, SD 57709

(605) 394-6191

Siviq Scores

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

Liabilities / Assets

61st percentile

0.11x

Higher debt load relative to assets than 61% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.26x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$64,689

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 25.6% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

25th percentile

-2.7%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-29%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$607,014

Down $17,034 (-2.7%) from 2019

Net Assets

Down

$540,244

Down $33,869 (-5.9%) from 2019

Liabilities

Up

$66,770

Up $16,835 (+34%) from 2019

Revenue

Down

$253,017

Down $104,680 (-29%) from 2019

Expenses

Down

$286,886

Down $27,755 (-8.8%) from 2019

Net Income

Down

-$33,869

Down $76,925 (-179%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$607,014
Liabilities$66,770
Net Assets$540,244

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$253,017
Expenses$286,886
Net Income-$33,869
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.0
Gross Receipts
$293,407
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$213,269$250,491▲ $37,222
Savings and Temporary Cash Investments$125,587$125,614▲ $27
Land, Buildings, and Equipment, Net$112,832$77,737▼ $35,095
Investments in Publicly Traded Securities$71,511$64,334▼ $7,177
Pledges and Grants Receivable$43,577$40,827▼ $2,750
Accounts Receivable$15,186$7,643▼ $7,543
Prepaid Expenses and Deferred Charges$2,968$1,250▼ $1,718
Inventories for Sale or Use$118$118→ $0
Total Assets$624,048$607,014▼ $17,034
Other Assets Total$39,000$39,000→ $0
Liabilities
Other Liabilities-$35,035-
Accounts Payable and Accrued Expenses$30,355$31,735▲ $1,380
Deferred Revenue$19,580--
Total Liabilities$49,935$66,770▲ $16,835
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$490,686$459,567▼ $31,119
Net Assets With Donor Restrictions$83,427$80,677▼ $2,750
Total Net Assets Fund Balance$574,113$540,244▼ $33,869
Total Liabilities and Net Assets / Fund Balance$624,048$607,014▼ $17,034

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$73,875$85,785$159,660
Leasehold Improvements$3,862$127,219$131,081
Other Assets Org$39,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicolas JohnsonExecutive DiFT$64,689$64,689

Board Members and Trustees

NameTitle
Steve FlaneryPresident
Amy PolickyDirector
Ann HengenDirector
Jana WhiteDirector
Kristen Olson HollenbeckDirector
Kumar VeluswamyDirector
Lisa ModrickDirector
Malcom ChapmanDirector
Peter CappaDirector
Vera O Kowal MdDirector
Wendy RankinDirector
Eric PickarSecretary
Angie MckieTreasurer
Val SimpsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$159,361
Program Service Revenue
$70,007
Investment Income
$1,182
Other Revenue
$22,467
All Other Contributions
$33,512
Change in Net Assets
$-33,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$146,683
Other Expenses$140,203
Total Fundraising Expense$3,399
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,409$8,252-$101,661
Occupancy$38,842--$38,842
Depreciation Depletion$37,254--$37,254
Current Officers, Directors, Trustees, and Key Employees$17,046$17,046-$34,092
Office Expenses$3,237$20,980$3,399$27,616
Fees for Services Other$10,803$11,718-$22,521
Payroll Taxes$8,963$1,967-$10,930
Insurance-$5,701-$5,701
Advertising$5,640--$5,640
Fees for Services Accounting-$1,285-$1,285
Conferences and Meetings-$600-$600
Other Expenses$150--$150
Total Functional Expenses$215,938$67,549$3,399$286,886
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,620
Fundraising Direct Expenses$27,669
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pop-up Party$103,245$40,620$8,705$31,915
Total Events$103,245$40,620$27,669$12,951
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance - Ppp Loan$35,035
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 president.

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

If other officers or employees were hired, the same process as line 15a would be followed.

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

Signing Officer

Name
Angie Mckie
Title
Treasurer
Phone
6053946191
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicolas Johnson
Formed
2013
Legal Domicile
Sd
Voting Board Members
15
Independent Board Members
14
Employees
34
Volunteers
225

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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, rapid city children's 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 4, Part XIII

Part iii, line 4 - collections and relation to exempt purpose two oscar howe paintings that were donated are on display to inspire other artists and contribute to the entire performing arts 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, RAPID CITY CHILDREN'S 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/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/MissionDesc0TO 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.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OSCAR HOWE PAINTINGS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCE - PPP LOAN
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART III, LINE 4 - COLLECTIONS AND RELATION TO EXEMPT PURPOSE TWO OSCAR HOWE PAINTINGS THAT WERE DONATED ARE ON DISPLAY TO INSPIRE OTHER ARTISTS AND CONTRIBUTE TO THE ENTIRE PERFORMING ARTS EXPERIENCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
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