Washington Performing Arts Society

“Earnings from the william n. & anita cafritz endowment fund are to be used for the payment of an honorarium to a young artist in connection with an annual concert presentation. Earnings from the nea challenge endowment are to be used for operations, programs or reinvestment. Earnings from the niccoli scholarship fund are to be used to provide scholarships for private study and/or attendance at prestigious summer institutes. These awards are granted to promising young string musicians. These funds are also used to support the washington performing arts capital strings education program. Earnings from the patrick hayes and evelyn swarthout endowment are to be used to support the piano series. Earnings from the pola nirenska endowment fund are to be used to provide an annual award of $5,000 to a living modern dancer, choreographer or teacher. Earnings from the clark endowment are to pay one touring artist each year to extend their stay in the dc area to work with students in a master class, lecture, etc. Earnings from the hayes general endowment are to be used for operations, programs or reinvestment and are considered unrestricted for financial statement presentation purposes. Earnings from the doris duke charitable fund are to provide artistic programming support for commissioning, residencies and performances. At least one-third will be committed to commissioning fees and producing audience educational materials. Ddcf recommends 5% of the average three year market value (not to exceed 6%). Earnings from the e. Torain scholarship fund will provide support to the gospel choir and/or its members (i.e. Scholarship for summer workshop, vocal instruction, recordings, etc.). Earnings from "the reggie" will support an annual award given to a senior member of the children of the gospel choir who demonstrates values that honor the contributions and lasting impact made by outgoing board chair reginald van lee. This fund will allow reggie's values to continue to shape the lives of the young artists and passionate audiences that grew markedly under his leadership. Earnings from the dhw artist scholarship fund are to provide support in presenting young artists in any art form to include music instruction and scholarships. Rbg fund: the ruth bader ginsburg memorial award and recital will be an ongoing celebration of the late supreme court justice's life, legacy, and passion for music. Funds will be spent on awards for artists who exemplify the musical excellence justice ginsburg cherished and an inaugural recital in her honor.”

“Wpa is exempt from the payment of income taxes on income other than net unrelated business income under section 501(c)(3) of the internal revenue code. Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. Wpa performed an evaluation of uncertain tax positions as of august 31, 2024 and 2023, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of august 31, 2024, the statute of limitations for fiscal years 2021 through 2024 remains open with the u.s. Federal jurisdiction or the state and local jurisdiction in which wpa files tax returns. It is the wps's policy to recognize interest and/or penalties related to uncertain tax positions, if any, as income tax expense.”

“Special event expenses reported on schedule g, including gala and music in the country . These are included in functional expenses in the audited financial statements but reclassified for form 990 reporting purposes.”

“Special event expenses reported on schedule g, including gala and music in the country . These are included in functional expenses in the audited financial statements but reclassified for form 990 reporting purposes.”