Civic Intelligence

Peace Center Foundation

990 • Fiscal year 2015 • EIN 57-0811297

Sep 01, 2014 to Aug 31, 2015 • Filed on Jul 14, 2016

101 West Broad StreetGreenville, SC 29601

(864) 467-3030

Siviq Scores

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

Liabilities / Assets

29th percentile

0.12x

Higher debt load relative to assets than 29% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.37x

Higher debt load relative to revenue than 46% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

36th percentile

0.9%

Higher net margin than 36% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$398,495

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

39th percentile

-0.1%

Faster asset growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

72nd percentile

12%

Faster revenue growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Down

$62,851,339

Down $77,415 (-0.1%) from 2014

Net Assets

Down

$55,099,380

Down $1,615,675 (-2.8%) from 2014

Liabilities

Up

$7,751,959

Up $1,538,260 (+25%) from 2014

Revenue

Up

$20,675,416

Up $2,159,815 (+12%) from 2014

Expenses

Up

$20,496,258

Up $4,558,361 (+29%) from 2014

Net Income

Down

$179,158

Down $2,398,546 (-93%) from 2014

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $39,800,437Liabilities 2010: $3,413,964Net Assets 2010: $36,386,4732010Assets 2011: $51,274,922Liabilities 2011: $12,226,946Net Assets 2011: $39,047,9762011Assets 2012: $69,446,335Liabilities 2012: $14,178,545Net Assets 2012: $55,267,7902012Assets 2013: $59,380,369Liabilities 2013: $5,303,196Net Assets 2013: $54,077,1732013Assets 2014: $62,928,754Liabilities 2014: $6,213,699Net Assets 2014: $56,715,0552014Assets 2015: $62,851,339Liabilities 2015: $7,751,959Net Assets 2015: $55,099,3802015Assets 2016: $63,518,299Liabilities 2016: $6,778,282Net Assets 2016: $56,740,0172016Assets 2017: $69,489,053Liabilities 2017: $8,869,864Net Assets 2017: $60,619,1892017Assets 2018: $77,186,707Liabilities 2018: $11,242,189Net Assets 2018: $65,944,5182018Assets 2019: $78,769,939Liabilities 2019: $10,855,633Net Assets 2019: $67,914,3062019Assets 2020: $78,741,440Liabilities 2020: $8,484,302Net Assets 2020: $70,257,1382020Assets 2021: $99,689,105Liabilities 2021: $11,984,233Net Assets 2021: $87,704,8722021Assets 2022: $99,366,004Liabilities 2022: $11,011,246Net Assets 2022: $88,354,7582022Assets 2023: $117,742,559Liabilities 2023: $14,084,018Net Assets 2023: $103,658,5412023Assets 2024: $151,482,793Liabilities 2024: $19,896,172Net Assets 2024: $131,586,6212024Assets 2025: $160,059,782Liabilities 2025: $17,688,520Net Assets 2025: $142,371,2622025

Highlighted filing

2015

Assets$62,851,339
Liabilities$7,751,959
Net Assets$55,099,380

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $12,633,7042010Expenses 2011: $10,366,5112011Expenses 2012: $14,675,3002012Expenses 2013: $14,390,9132013Revenue 2014: $18,515,601Expenses 2014: $15,937,897Net Income 2014: $2,577,7042014Revenue 2015: $20,675,416Expenses 2015: $20,496,258Net Income 2015: $179,1582015Revenue 2016: $21,358,953Expenses 2016: $19,487,579Net Income 2016: $1,871,3742016Revenue 2017: $23,404,229Expenses 2017: $22,547,579Net Income 2017: $856,6502017Revenue 2018: $25,406,532Expenses 2018: $21,318,262Net Income 2018: $4,088,2702018Revenue 2019: $27,428,202Expenses 2019: $25,234,945Net Income 2019: $2,193,2572019Revenue 2020: $17,298,653Expenses 2020: $17,826,336Net Income 2020: -$527,6832020Revenue 2021: $17,581,209Expenses 2021: $7,034,741Net Income 2021: $10,546,4682021Revenue 2022: $36,406,643Expenses 2022: $26,095,933Net Income 2022: $10,310,7102022Revenue 2023: $42,840,019Expenses 2023: $28,989,487Net Income 2023: $13,850,5322023Revenue 2024: $50,473,511Expenses 2024: $27,958,812Net Income 2024: $22,514,6992024Revenue 2025: $41,873,432Expenses 2025: $33,347,883Net Income 2025: $8,525,5492025

Highlighted filing

2015

Revenue$20,675,416
Expenses$20,496,258
Net Income$179,158
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jul 14, 2016
Return Version
2014v6.0
Gross Receipts
$20,999,629
Mission and Program Overview

Mission

To enrich the lives of everyone we reach.

To promote the performing arts through public performances, support of local artists, and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,531,410$19,630,208▼ $5,901,202
Investments Program Related$2,663,621$17,187,277▲ $14,523,656
Savings and Temporary Cash Investments$5,280,827$9,779,726▲ $4,498,899
Land, Buildings, and Equipment, Net$21,151,309$8,932,315▼ $12,218,994
Investments Other Securities$2,800,583$3,255,930▲ $455,347
Pledges and Grants Receivable$5,050,597$2,984,328▼ $2,066,269
Prepaid Expenses and Deferred Charges$50,755$375,516▲ $324,761
Inventories for Sale or Use$51,943$40,999▼ $10,944
Intangible Assets$30,000$30,000→ $0
Cash and Non-Interest-Bearing Accounts$9,041$9,141▲ $100
Total Assets$62,928,754$62,851,339▼ $77,415
Other Assets Total$308,668$625,899▲ $317,231
Liabilities
Deferred Revenue$5,595,527$6,927,020▲ $1,331,493
Accounts Payable and Accrued Expenses$618,172$824,939▲ $206,767
Total Liabilities$6,213,699$7,751,959▲ $1,538,260
Net Assets / Fund Balance
Unrestricted Net Assets$56,484,681$54,869,006▼ $1,615,675
Temporarily Rstr Net Assets$230,374$230,374→ $0
Total Net Assets Fund Balance$56,715,055$55,099,380▼ $1,615,675
Total Liabilities and Net Assets / Fund Balance$62,928,754$62,851,339▼ $77,415

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,031,577$22,134,126$28,165,703
Equipment$1,534,868$5,632,517$7,167,385
Leasehold Improvements$1,347,370$4,944,456$6,291,826
Investment Program Related Org$17,187,277--
Land$18,500--
Other Securities$3,255,930--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$29,822,169$86,176▼ $2,322,561-$27,585,784
2013$26,408,252-▲ $3,501,683$87,766$29,822,169
2012$25,431,868-▲ $1,970,109$993,725$26,408,252
2011$23,828,238$117,180▲ $1,486,450-$25,431,868
2010$22,170,594-▲ $2,373,031$715,387$23,828,238
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Megan RiegelPresident/CEOFT$303,500$94,995$398,495
W Scott ClarkVice President/CFOFT$170,560$33,155$203,715
Angela LakinVice President of MarketingFT$138,641$10,166$148,807
Maureen ShallcrossVice President of OperationsFT$115,932$13,676$129,608

Highest Paid Contractors

ContractorServicesLocationCompensation
Mayjack Presentations INCTheater Production165 WEST 46TH STREET SUITE 1101, New York, NY 10036$3,611,003
Jumamosi Tour LPTheater ProductionC/O STUART THOMPSON PRODS 1501 BROA, New York, NY 10036$938,438
They're So Back Limited PartnershipTheater Production165 WEST 46TH STREET SUITE 704, New York, NY 10036$583,123
Btb Touring Company LLCTheater Production7135 MINSTREL WAY SUITE 105, Columbia, MD 21045$578,003
Stagetech Productions LLCContract LaborPO BOX 9425, Greenville, SC 29604$508,686
Revenue and Support

Revenue Composition

Contributions and Grants
$2,143,471
Program Service Revenue
$14,600,196
Investment Income
$1,905,001
Other Revenue
$2,026,748
All Other Contributions
$2,143,471
Change in Net Assets
$179,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,072,557
Salaries, Compensation, and Employee Benefits$4,407,065
Total Fundraising Expense$329,560
Grants and Similar Amounts Paid$16,636
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,080,195$842,292$168,744$3,091,231
Depreciation Depletion$2,176,589--$2,176,589
Advertising$1,051,546--$1,051,546
Fees for Services Other$858,265$62,379-$920,644
Office Expenses$686,043$130,841$38,254$855,138
Current Officers, Directors, Trustees, and Key Employees$349,103$193,333$59,774$602,210
Occupancy$586,109$5,015-$591,124
Other Employee Benefits$238,829$82,782$25,644$347,255
Payroll Taxes$223,923$61,747$17,563$303,233
Insurance-$192,057-$192,057
Conferences and Meetings$148,614$31,021$7,513$187,148
Fees for Service Investment Mgmnt Fees-$173,913-$173,913
Other Expenses$132,542-$4,844$132,542
Interest$90,752--$90,752
Pension Plan Contributions$25,819$30,600$6,717$63,136
Travel$22,691$22,413$507$45,611
Royalties$40,105--$40,105
Information Technology$34,564--$34,564
Fees for Services Accounting-$27,682-$27,682
Fees for Services Legal-$19,009-$19,009
Grants to Domestic Orgs$16,636--$16,636
Total Functional Expenses$18,291,614$1,875,084$329,560$20,496,258
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The board of trustees shall elect from among its members an executive committee, consisting of no fewer than three and no more than fifteen members, which executive committee shall, to the extent permitted by law, have all the powers of the board of trustees between meetings of the board of trustees. The board of trustees shall elect the members of the executive committee at a meeting of the board of trustees prior to the end of each fiscal year for the ensuing fiscal year, and may at any time fill any vacancy that may exist or occur on or add any member to the executive committee.

Form 990, Part VI, Section B, Line 11

The form 990 was made available to the board members by use of a secured website. After the board members approved the form 990, it was filed with the irs.

Form 990, Part VI, Section B, Line 12C

The peace center foundation annually prepares conflict of interest questionnatires designed to help respondents identify actual or potential conflicts of interest. The responses are reviewed and monitored and discussed if necessary with the respondent and the foundation's legal counsel.

Form 990, Part VI, Section B, Line 15

The peace center foundation has a compensation commitee with a membership of independent directors. The committee reviews the compensation level of the ceo and other officers and compares such to a broad selection of peer entities. The company participates in an industry survey of similarly sized companies.

Form 990, Part VI, Section C, Line 19

The peace center maintains printed copies of its financial statements, governing documents, conflict of interest policy, and government filings. These documents are available upon request at the organization's administrative offices.

Filing and Contact Details

Filer

Filer Name
Peace Center Foundation
EIN
57-0811297
Phone
8644673030
Address
101 WEST BROAD STREET, GREENVILLE, SC 29601
Doing Business As
Peace Center

Signing Officer

Name
W Scott Clark
Title
CFO
Phone
8644673030
Signed
2016-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Riegel
Formed
1985
Legal Domicile
Sc
Voting Board Members
43
Independent Board Members
43
Employees
153
Volunteers
100

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Equity transfer to affiliate 2,268,084.

Form 990, Part XII, Line 2C

This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The foundation's endowment consists of funds established for purposes including both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments.

PART X, LINE 2:

The foundation received a favorable determination letter dated june 2, 1999, from the irs qualifying it as a tax-exempt organization under section 501(c)(3) of the internal revenue code and, therefore, is exempt from taxes on related income. Properties received a favorable determination letter dated november 22, 2011 from the irs qualifying it as a tax-exempt organization under the irc and, therefore, is exempt from taxes on related income. The foundation's policy for accounting for uncertainy in income taxes is to record a liability for any tax position taken that is beneficial to the foundation, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction, or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of august 31, 2015, and accordingly, no liability has been accrued. Fiscal years ending on or after august 31, 2013 remain subject to examination by federal and state tax authorities.

Raw XML AppendixShowing 400 of 928 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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IRS990/Desc0THE PEACE CENTER PRESENTS HIGH QUALITY AND CULTURALLY SIGNIFICANT PERFORMING ARTISTS OF VARIED GENRES. THE ESTABLISHMENT OF THE VENUE AND RESULTANT PROGRAMMING MAKE THE PERFORMING ARTS ACCESSIBLE TO THE REGIONAL COMMUNITY. PERFORMANCES INCLUDE BROADWAY SHOWS, DANCE, FOLK, CLASSICAL, CHORAL, INTERNATIONAL, BLUES, ROCK, JAZZ, AND OPERA. ATTENDANCE FOR THESE PRESENTATIONS WAS IN EXCESS OF 150,000 FOR THE YEAR.
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IRS990/Form990PartVIISectionAGrp/PersonNm1BILL PELHAM
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN BEARDEN
IRS990/Form990PartVIISectionAGrp/PersonNm3ANN BRYAN
IRS990/Form990PartVIISectionAGrp/PersonNm4CLEVELAND CHRISTOPHE
IRS990/Form990PartVIISectionAGrp/PersonNm5BO AUGHTRY
IRS990/Form990PartVIISectionAGrp/PersonNm6DUFF BRUCE
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL BYARS
IRS990/Form990PartVIISectionAGrp/PersonNm8CHARLES DALTON
IRS990/Form990PartVIISectionAGrp/PersonNm9JOE ERWIN
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVE FIRSTENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm11EVA-MARIE FOX
IRS990/Form990PartVIISectionAGrp/PersonNm12KATY GILBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm13CLARK GILLESPY
IRS990/Form990PartVIISectionAGrp/PersonNm14TOPPER HARTNESS
IRS990/Form990PartVIISectionAGrp/PersonNm15LYNN HARTON
IRS990/Form990PartVIISectionAGrp/PersonNm16GLENN HEAD DMD
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT G HOAK
IRS990/Form990PartVIISectionAGrp/PersonNm18SUSAN LAMBERT
IRS990/Form990PartVIISectionAGrp/PersonNm19PETER LAROCQUE
IRS990/Form990PartVIISectionAGrp/PersonNm20CHARLES C MICKEL
IRS990/Form990PartVIISectionAGrp/PersonNm21MARK NANTZ
IRS990/Form990PartVIISectionAGrp/PersonNm22SUSAN OHANLAN
IRS990/Form990PartVIISectionAGrp/PersonNm23MARTHA PELLETT
IRS990/Form990PartVIISectionAGrp/PersonNm24DIRK PIEPER
IRS990/Form990PartVIISectionAGrp/PersonNm25DJ RAMA
IRS990/Form990PartVIISectionAGrp/PersonNm26TIMOTHY J REED
IRS990/Form990PartVIISectionAGrp/PersonNm27RICHARD W RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm28BRIAN ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm29JOHN SOAPES
IRS990/Form990PartVIISectionAGrp/PersonNm30EDWARD STALL
IRS990/Form990PartVIISectionAGrp/PersonNm31RICK STANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm32PEACE SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm33JIM TERRY
IRS990/Form990PartVIISectionAGrp/PersonNm34JAMES WHITTEN
IRS990/Form990PartVIISectionAGrp/PersonNm35SUSAN WILKINS
IRS990/Form990PartVIISectionAGrp/PersonNm36JERRY YOUKEY
IRS990/Form990PartVIISectionAGrp/PersonNm37CHANDRA DILLARD
IRS990/Form990PartVIISectionAGrp/PersonNm38LILLIAN BROCK FLEMMING
IRS990/Form990PartVIISectionAGrp/PersonNm39XANTHENE NORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm40GAYE SPRAGUE
IRS990/Form990PartVIISectionAGrp/PersonNm41ROBERT TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm42ROSS TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm43KNOX H WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm44MEGAN RIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm45W SCOTT CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm46ANGELA LAKIN
IRS990/Form990PartVIISectionAGrp/PersonNm47MAUREEN SHALLCROSS
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$160$17.7$142$41.9$33.3$8.53
2024Detailed filing. Detailed filing data is available for this year.$151$19.9$132$50.5$28.0$22.5
2023Detailed filing. Detailed filing data is available for this year.$118$14.1$104$42.8$29.0$13.9
2022Detailed filing. Detailed filing data is available for this year.$99.4$11.0$88.4$36.4$26.1$10.3
2021Detailed filing. Detailed filing data is available for this year.$99.7$12.0$87.7$17.6$7.03$10.5
2020Detailed filing. Detailed filing data is available for this year.$78.7$8.48$70.3$17.3$17.8$0.53
2019Detailed filing. Detailed filing data is available for this year.$78.8$10.9$67.9$27.4$25.2$2.19
2018Detailed filing. Detailed filing data is available for this year.$77.2$11.2$65.9$25.4$21.3$4.09
2017Detailed filing. Detailed filing data is available for this year.$69.5$8.87$60.6$23.4$22.5$0.86
2016Detailed filing. Detailed filing data is available for this year.$63.5$6.78$56.7$21.4$19.5$1.87
2015Detailed filing. Detailed filing data is available for this year.$62.9$7.75$55.1$20.7$20.5$0.18
2014Detailed filing. Detailed filing data is available for this year.$62.9$6.21$56.7$18.5$15.9$2.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.4$5.30$54.1$14.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.4$14.2$55.3$14.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.3$12.2$39.0$10.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.8$3.41$36.4$12.6