Civic Intelligence

Peace Center Foundation

990 • Fiscal year 2024 • EIN 57-0811297

Sep 01, 2023 to Aug 31, 2024 • Filed on Jun 27, 2025

Organization ProfileWWW.PEACECENTER.ORG

View Organization Page

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

33rd percentile

0.13x

Higher debt load relative to assets than 33% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.39x

Higher debt load relative to revenue than 47% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$652,034

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

91st percentile

29%

Faster asset growth than 91% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

18%

Faster revenue growth than 70% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$151,482,793

Up $33,740,234 (+29%) from 2023

Net Assets

Up

$131,586,621

Up $27,928,080 (+27%) from 2023

Liabilities

Up

$19,896,172

Up $5,812,154 (+41%) from 2023

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin90th percentile

Revenue

Up

$50,473,511

Up $7,633,492 (+18%) from 2023

Expenses

Down

$27,958,812

Down $1,030,675 (-3.6%) from 2023

Net Income

Up

$22,514,699

Up $8,664,167 (+63%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

2024

Assets$151,482,793
Liabilities$19,896,172
Net Assets$131,586,621
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

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

2024

Revenue$50,473,511
Expenses$27,958,812
Net Income$22,514,699
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jun 27, 2025
Return Version
2023v6.0
Gross Receipts
$51,111,028
Mission and Program Overview

Mission

To enrich the lives of everyone we reach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$41,147,294$57,518,921▲ $16,371,627
Investments in Publicly Traded Securities$25,641,091$31,249,700▲ $5,608,609
Investments Program Related$23,476,814$23,476,814→ $0
Land, Buildings, and Equipment, Net$8,212,179$19,261,553▲ $11,049,374
Investments Other Securities$13,548,626$15,398,425▲ $1,849,799
Pledges and Grants Receivable$4,799,960$3,619,791▼ $1,180,169
Prepaid Expenses and Deferred Charges$380,978$563,662▲ $182,684
Inventories for Sale or Use$57,089$43,679▼ $13,410
Cash and Non-Interest-Bearing Accounts$6,457$5,349▼ $1,108
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors-$0-
Total Assets$117,742,559$151,482,793▲ $33,740,234
Other Assets Total$472,071$344,899▼ $127,172
Liabilities
Deferred Revenue$12,125,221$15,979,868▲ $3,854,647
Accounts Payable and Accrued Expenses$1,958,797$3,916,304▲ $1,957,507
Other Liabilities$0$0→ $0
Total Liabilities$14,084,018$19,896,172▲ $5,812,154
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$103,428,167$131,356,247▲ $27,928,080
Net Assets With Donor Restrictions$230,374$230,374→ $0
Total Net Assets Fund Balance$103,658,541$131,586,621▲ $27,928,080
Total Liabilities and Net Assets / Fund Balance$117,742,559$151,482,793▲ $33,740,234

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$211,769$32,348,202$32,559,971
Other Land Buildings$18,906,804-$18,906,804
Equipment$89,157$13,618,884$13,708,041
Leasehold Improvements$53,823$8,221,664$8,275,487
Investment Program Related Org$23,476,814--
Other Securities$15,398,425--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$43,716,302-▲ $7,718,113$259,705$51,174,710
2022$41,248,458-▲ $2,698,393$230,549$43,716,302
2021$46,007,697-▼ $4,518,652$240,587$41,248,458
2020$36,992,131-▲ $9,243,703$228,137$46,007,697
2019$35,572,220-▲ $1,627,999$208,088$36,992,131
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Megan RiegelPresident and CEOFT$447,615$204,419$652,034
Scott ClarkCFOFT$203,602$69,949$273,551
Brian RidolfoVP of ProgrammingFT$175,000$37,726$212,726
Margaret MeadowsVP of External RelationsFT$119,000$40,433$159,433
Ben McCarthyVP of DevelopmentFT$137,038$12,031$149,069
Trevor HamiltonVP of OperationsFT$111,057$17,459$128,516

Board Members and Trustees

NameTitle
Lynn HartonChair
Ben NorwoodBoard Member
Bill PelhamBoard Member
Bruce HolsteinBoard Member
Cleve ChristopheBoard Member
David WilkinsBoard Member
Joe KernellBoard Member
Karen Baynes DunningBoard Member
Lee BellBoard Member
Marion CrawfordBoard Member
Paul GaetoBoard Member
Russell StallBoard Member
Shannon LavrinBoard Member
Steve NavarroBoard Member
Betty TempleSecretary
Jim AkerhielmTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Six Boleyn TourBroadway Tour561 7th Avenue 3rd Floor, New York, NY 10018$1,467,784
I Love Cotton Candy LLCBroadway Tour230 West 41st Street Suite 1703, New York, NY 10036$1,008,694
Stagetech Productions LLCStage Labor StaffingPO Box 9425, Greenville, SC 29604$958,040
TKMB National Tour LLCBroadway Tour7135 Minstrel Way Ste 105, Columbia, MD 21045$862,577
Beetlejuice First National Tour LLCBroadway Tour7135 Minstrel Way Ste 105, Columbia, MD 21045$856,954
Revenue and Support

Revenue Composition

Contributions and Grants
$21,552,508
Program Service Revenue
$22,543,353
Investment Income
$4,244,225
Other Revenue
$2,133,425
All Other Contributions
$4,052,508
Change in Net Assets
$22,514,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,153,948
Salaries, Compensation, and Employee Benefits$6,708,478
Total Fundraising Expense$893,815
Grants and Similar Amounts Paid$96,386
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,664,079$732,704$320,405$4,717,188
Depreciation Depletion$2,496,601$221,920$55,480$2,774,001
Fees for Services Other$1,709,785$3,408$0$1,713,193
Advertising$1,452,785--$1,452,785
Office Expenses$642,590$123,163$369,488$1,135,241
Current Officers, Directors, Trustees, and Key Employees$575,262$365,923$69,780$1,010,965
Occupancy$609,476--$609,476
Other Employee Benefits$355,263$92,066$32,698$480,027
Payroll Taxes$306,009$79,302$28,165$413,476
Conferences and Meetings$378,232--$378,232
Insurance$272,246$24,200$6,050$302,496
Fees for Service Investment Mgmnt Fees-$259,705-$259,705
Information Technology$156,703--$156,703
Fees for Services Legal-$134,061-$134,061
Travel$114,744-$3,867$118,611
Grants to Domestic Orgs$96,386--$96,386
Royalties$94,461--$94,461
Pension Plan Contributions$64,256$16,652$5,914$86,822
Fees for Services Accounting-$54,025-$54,025
Other Expenses$3,935$656$1,968$6,559
Total Functional Expenses$24,957,212$2,107,785$893,815$27,958,812
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fine Arts Center PartnersGreenville, SC501(c)(3)Operational Support$77,495
SC New Play FestivalGreenville, SC501(c)(3)Operational Support$10,000
United Way of Greenville CountyGreenville, SC501(c)(3)Operational Support$8,891
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
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15

“The Compensation Committee to the Board of Trustees determines annual compensation, incentive pay and other matters related to the CEO's employment. The Committee utilizes market based benchmark data in its determinations. The Committee also considers recommendations of the CEO with respect to compensation of other executives of the company.”

Form 990, Part VI, Line 1A Material differences in voting rights

“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, Line 11B Review of form 990 by governing body

“The Form 990 is made available to the board members by use of a secured website. A draft copy of the Form is provided for review to each Finance Committee member prior to its filing. The Finance Committee is comprised of board members.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Board of Trustees sign and submit a document describing any conflicts of interest.”

Form 990, Part VI, Line 19 Required documents available to the public

“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
Signed
2025-06-27
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Sc
Voting Board Members
16
Independent Board Members
16
Employees
245
Volunteers
125

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C Change of oversight process or selection process

“This process has not changed from the prior year.”

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

“The Board of Trustees has designated the endowment to support the mission of the Foundation.”

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The Peace Center received a determination letter dated June 2, 1999, from the Internal Revenue Service ("IRS") qualifying it as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code ("IRC") 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 Peace Center and Properties pay income taxes on unrelated business income. Unrelated business income represents the profit derived from activity that is not substantially related to the exempt purpose of the Peace Center and includes primarily certain activities classified as venue rentals - non-performance on the consolidated statements of activities. The Foundation's policy for accounting for uncertainty 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, 2024 and 2023, and, accordingly, no liability has been accrued.”

Raw XML AppendixShowing 400 of 904 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. The Peace Center serves as the primary venue for local performing arts organizations to present programming gear to that organization's specific art focus. The Peace Center's resident companies include the Greenville Symphony Orchestra, Carolina Ballet, International Ballet, and South Carolina Governor's School for the Arts and Humanities. The Peace Center provides professional facility and event services at significantly subsidized rates to fiscally support the efforts of these local performing arts organizations. The Peace Center's Community Engagement initiatives seek to tell stories, amplify voices, educate and inspire through the arts. Our aim in community engagement is to create a more inclusive Peace Center by partnering with organizations to increase accessibility to programming, to represent the vast diversity of our community, and to be a welcoming space for all to experience performing arts.
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IRS990/Form990PartVIISectionAGrp/PersonNm5Bruce Holstein
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IRS990/Form990PartVIISectionAGrp/PersonNm7David Wilkins
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IRS990/Form990PartVIISectionAGrp/PersonNm18Ben McCarthy
IRS990/Form990PartVIISectionAGrp/PersonNm19Brian Ridolfo
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP of Development
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP of Programming
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP of External Relations
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Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$151,482,793
Liabilities
$19,896,172
Net assets
$131,586,621
Revenue
$50,473,511
Expenses
$27,958,812
Net income
$22,514,699
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