Civic Intelligence

Jefferson Performing Arts Society

990 • Fiscal year 2015 • EIN 72-0861706

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 15, 2016

1118 Clearview ParkwayMetairie, LA 70001

(504) 885-2000

Siviq Scores

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

Liabilities / Assets

55th percentile

0.14x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.14x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

21st percentile

-9.5%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

88th percentile

$183,019

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

1.2%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,342,216

Down $161,590 (-11%) from 2014

Net Assets

Down

$1,154,877

Down $187,630 (-14%) from 2014

Liabilities

Up

$187,339

Up $26,040 (+16%) from 2014

Revenue

Up

$1,362,435

Up $15,757 (+1.2%) from 2014

Expenses

Up

$1,491,431

Up $39,188 (+2.7%) from 2014

Net Income

Down

-$128,996

Down $23,431 (-22%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $934,987Liabilities 2011: $154,706Net Assets 2011: $780,2812011Assets 2012: $1,321,309Liabilities 2012: $370,824Net Assets 2012: $950,4852012Assets 2013: $1,708,670Liabilities 2013: $271,433Net Assets 2013: $1,437,2372013Assets 2014: $1,503,806Liabilities 2014: $161,299Net Assets 2014: $1,342,5072014Assets 2015: $1,342,216Liabilities 2015: $187,339Net Assets 2015: $1,154,8772015Assets 2016: $1,094,296Liabilities 2016: $306,653Net Assets 2016: $787,6432016Assets 2017: $1,289,559Liabilities 2017: $169,153Net Assets 2017: $1,120,4062017Assets 2018: $1,057,904Liabilities 2018: $277,172Net Assets 2018: $780,7322018Assets 2019: $942,924Liabilities 2019: $246,747Net Assets 2019: $696,1772019Assets 2020: $1,013,894Liabilities 2020: $360,986Net Assets 2020: $652,9082020Assets 2021: $970,556Liabilities 2021: $291,967Net Assets 2021: $678,5892021Assets 2022: $1,563,786Liabilities 2022: $352,386Net Assets 2022: $1,211,4002022Assets 2023: $1,866,943Liabilities 2023: $866,394Net Assets 2023: $1,000,5492023Assets 2024: $1,447,330Liabilities 2024: $933,021Net Assets 2024: $514,3092024

Highlighted filing

2015

Assets$1,342,216
Liabilities$187,339
Net Assets$1,154,877

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,940,825Expenses 2011: $2,092,749Net Income 2011: -$151,9242011Revenue 2012: $2,112,600Expenses 2012: $1,982,562Net Income 2012: $130,0382012Revenue 2013: $1,966,048Expenses 2013: $1,414,148Net Income 2013: $551,9002013Revenue 2014: $1,346,678Expenses 2014: $1,452,243Net Income 2014: -$105,5652014Revenue 2015: $1,362,435Expenses 2015: $1,491,431Net Income 2015: -$128,9962015Revenue 2016: $2,170,860Expenses 2016: $2,534,160Net Income 2016: -$363,3002016Revenue 2017: $2,769,508Expenses 2017: $2,443,313Net Income 2017: $326,1952017Revenue 2018: $2,514,296Expenses 2018: $2,862,344Net Income 2018: -$348,0482018Revenue 2019: $2,723,576Expenses 2019: $2,817,894Net Income 2019: -$94,3182019Revenue 2020: $2,204,007Expenses 2020: $2,240,777Net Income 2020: -$36,7702020Revenue 2021: $1,410,329Expenses 2021: $1,436,750Net Income 2021: -$26,4212021Revenue 2022: $2,624,571Expenses 2022: $2,142,009Net Income 2022: $482,5622022Revenue 2023: $2,950,705Expenses 2023: $3,140,256Net Income 2023: -$189,5512023Revenue 2024: $2,988,829Expenses 2024: $3,319,025Net Income 2024: -$330,1962024

Highlighted filing

2015

Revenue$1,362,435
Expenses$1,491,431
Net Income-$128,996
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,496,323
Mission and Program Overview

Mission

The organization's primary exempt purpose is for the general public to gain further appreciation of the arts in the community & educational purposes through attendance at performances & training of performers in various artistic endeavors.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$655,640$487,103▼ $168,537
Land, Buildings, and Equipment, Net$354,053$351,327▼ $2,726
Cash and Non-Interest-Bearing Accounts$189,625$178,379▼ $11,246
Investments Other Securities$172,312$171,363▼ $949
Savings and Temporary Cash Investments$61,356$110,620▲ $49,264
Prepaid Expenses and Deferred Charges$70,820$43,424▼ $27,396
Total Assets$1,503,806$1,342,216▼ $161,590
Liabilities
Other Liabilities$143,870$169,827▲ $25,957
Accounts Payable and Accrued Expenses$17,429$17,512▲ $83
Total Liabilities$161,299$187,339▲ $26,040
Net Assets / Fund Balance
Unrestricted Net Assets$1,165,395$983,514▼ $181,881
Temporarily Rstr Net Assets$119,862$114,113▼ $5,749
Permanently Rstr Net Assets$57,250$57,250→ $0
Total Net Assets Fund Balance$1,342,507$1,154,877▼ $187,630
Total Liabilities and Net Assets / Fund Balance$1,503,806$1,342,216▼ $161,590

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,483$432,191$447,674
Buildings$208,898$41,836$250,734
Land$112,341-$112,341
Leasehold Improvements$14,605$71,273$85,878
Other Securities$4,333--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$172,312-▼ $375-$171,363
2013$155,339-▲ $17,515-$172,312
2012$141,946-▲ $13,895-$155,339
2011$131,279-▲ $11,137-$141,946
2010$109,332-▲ $22,395-$131,279
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis AssafExecutive DirectorFT$165,000$18,019$183,019

Board Members and Trustees

NameTitle
Hannah J CunninghamChairman
Kellie M BarnesNominating Chair
Deborah B RouenPast President
Joy ShanePresident
Lynn SkidmoreVice President
Arlene O TafaroBoard Member
Carrel EplingBoard Member
Daniel BruzaBoard Member
Darrel BeerbohmBoard Member
David J HalpernBoard Member
Ed MarshallBoard Member
Fred ParkerBoard Member
Heather EspositoBoard Member
Howard E Bennett JrBoard Member
Irene G KlingerBoard Member
Jeff YoungBoard Member
Kyle PottsBoard Member
Larry BergerBoard Member
Stephen I DwyerBoard Member
Wayne GonsoulinBoard Member
Freddie G LandryParliamentarian
Sharon HannahanSecretary
Louis Nunes Iii CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$760,207
Program Service Revenue
$515,478
Investment Income
$8,646
Other Revenue
$78,104
All Other Contributions
$44,443
Change in Net Assets
$-128,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,361,861
Revenue Not Reported on Financial Statements
$574
Revenue Not Reported on Form 990
$101,455
Total Revenue per Audited Statements
$1,463,316
Total Revenue per Form 990
$1,362,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$872,286
Salaries, Compensation, and Employee Benefits$619,145
Total Fundraising Expense$64,819
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$248,352$73,972$36,396$358,720
Fees for Services Other$211,133$10,200-$221,333
Current Officers, Directors, Trustees, and Key Employees$119,000$34,000$17,000$170,000
Occupancy$121,647$30,412-$152,059
Advertising$109,443--$109,443
Office Expenses$46,875$4,024-$50,899
Other Employee Benefits$33,796$9,920$4,911$48,627
Payroll Taxes$29,031$8,546$4,221$41,798
Travel$16,661$3,513-$20,174
Other Expenses$20,132$23,976$2,291$20,132
Depreciation Depletion$11,765$2,941-$14,706
Fees for Services Accounting-$7,700-$7,700
All Other Expenses$1,220$5,161-$6,381
Interest-$157-$157
Total Functional Expenses$1,201,165$225,447$64,819$1,491,431

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,601,547
Expenses per Audited Statements$1,491,431
Total Expenses per Form 990$1,491,431
Expenses Not Reported on Form 990$110,116
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$188,222
Fundraising Direct Expenses$110,118
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pasta and Puccini$192,512$188,222$38,484$149,738
Total Events$192,512$188,222$110,118$78,104
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Fees$169,827
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The treasurer reviews the form 990 in detail. The cpa firm that prepared the form 990 is available for questions that arise. Copies of the form 990 are distributed to the full board for their review prior to filing the return. After review and any editing, the full independent board approves the draft of the form 990 and gives the treasurer the power to have the cpa firm finalize the return for submission to the irs.

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

We have regular staff meetings and annual employee reviews during which we discuss the employee handbook and policies and re-emphasize key elements of this handbook.

Form 990, Part VI, Section B, Line 15

Annually, a salary review is conducted. This process includes researching salaries reported on form 990s of similar type and size organizations locally, regionally and nationally. This data is compared to the proposed salary to the selected entities for reasonableness. The proposed salary and the research performed is then presented to the full independent board for their review and final approval of the salary. This is documented in the board minutes. The board meets bimonthly.

Form 990, Part VI, Section C, Line 19

The governing documents, policies and financial statements are available upon request. The annual audit is available on the website of the louisiana legislative auditor.

Filing and Contact Details

Filer

Filer Name
Jefferson Performing Arts Society
EIN
72-0861706
Phone
5048852000
Address
1118 CLEARVIEW PARKWAY, METAIRIE, LA 70001

Signing Officer

Name
Dennis Assaf
Title
Executive Director
Phone
5048852000
Signed
2016-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Assaf
Formed
1978
Legal Domicile
La
Voting Board Members
23
Independent Board Members
23
Employees
31
Volunteers
0

Preparer

Firm
Ericksen Krentel & Laporte Llp
Address
4227 CANAL STREET, NEW ORLEANS, LA 70119
Preparer
W Eric Powers CPA
Phone
5044867275
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The primary mission is to promote arts performance, training, and outreach by providing a diverse range of quality programs that entertain, educate and enrich the cultural and economic vitality of jefferson parish, greater new orleans and the gulf south. Jpas focuses on three main elements: performance: jpas annually provides a wide range of theatrical performances that appeal to many interests and age groups. Most seasons include a selection of grand opera, musical theater, dance and music. Jpas strives to network and partner with national and international artists and companies to bring new and diverse programming to the southern region. Training: jpas provides performance and technical based training in the arts for all ages with a particular focus on young people. Outreach: jpas provides arts education programming in local area schools, as well as access to professional theatrical experiences that align to classroom curricula and louisiana content standards, including arts adventure series, the conservatory of performing arts for high school students, cultural crossroads and stage without a theatre. Jpas provides performers, musicians, artistic experiences and expertise to select area events and organizations to enrich the community. The jefferson performing arts society believes: in the positive power of the arts in the community as a tool for education, expression, cultural understanding and overall improvement of quality of life. In the role of the arts as an economic stimulus in the community. It is important to provide artistic outlets and opportunities for both amateur and professional artists. The arts can draw attention and involve those within communities while nurturing cooperative ties across all borders.

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 211,133. Management and general expenses 10,200. Fundraising expenses 0. Total expenses 221,333.

FORM 990, PART XI, LINE 9:

ROUNDING 2.

FORM 990, PART XII, LINE 2C:

The process has not changed from year to year.

Financial Statement Notes

PART V, LINE 4:

The purpose of the endowment fund is to provide a perpetual source of money to assure the future growth and health of jefferson performing arts society.

PART X, LINE 2:

Jpas's evaluation as of june 30, 2015 revealed no tax positions that would have a material impact on the financial statements. The 2012 through 2014 tax years remain subject to examination by the irs. Jpas does not believe that any reasonably possible changes will occur within the next twelve months that will have a material impact on the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 110,118.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 110,118. Rounding -2.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3PARLIAMENTARIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5NOMINATING CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
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IRS990/FundraisingActivitiesInd01
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/QuidProQuoContributionsInd01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.45$0.93$0.51$2.99$3.32$0.33
2023Detailed filing. Detailed filing data is available for this year.$1.87$0.87$1.00$2.95$3.14$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.56$0.35$1.21$2.62$2.14$0.48
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.29$0.68$1.41$1.44$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.36$0.65$2.20$2.24$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.94$0.25$0.70$2.72$2.82$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.28$0.78$2.51$2.86$0.35
2017Detailed filing. Detailed filing data is available for this year.$1.29$0.17$1.12$2.77$2.44$0.33
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.31$0.79$2.17$2.53$0.36
2015Detailed filing. Detailed filing data is available for this year.$1.34$0.19$1.15$1.36$1.49$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.16$1.34$1.35$1.45$0.11
2013Summary only. Only limited summary data is available for this year.$1.71$0.27$1.44$1.97$1.41$0.55
2012Summary only. Only limited summary data is available for this year.$1.32$0.37$0.95$2.11$1.98$0.13
2011Summary only. Only limited summary data is available for this year.$0.93$0.15$0.78$1.94$2.09$0.15
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits