2025-07-16T16:09:05+00:00 2024-08-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-09-01 581791724 NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION NORT 7043791242 130 NORTH TRYON STREET Charlotte NC 28202 TOM GABBARD PRESIDENT/CEO 2025-07-16 true Amy Bibby P00445891 8282542254 2025-07-15 2023 2025-03-06 01:10:19Z TOM GABBARD 130 NORTH TRYON STREET Charlotte NC 28202 50140000 false X WWW.BLUMENTHALARTS.ORG X 1987 NC SEE PART III LINE 1 28 28 712 369 66124 0 3939549 3431574 37685040 40137577 543145 832274 3578903 4638257 45746637 49039682 58063 70000 0 0 8782025 9211230 0 0 741648 36394522 40128733 45234610 49409963 512027 -370281 63634788 66438942 22880044 22162858 40754744 44276084 TO PRESENT THE BEST IN THE PERFORMING ARTS AND, IN PARTNERSHIP WITH OTHERS, SHARE AND EMPLOY THE ARTS AS A MAJOR CATALYST TO STRENGTHEN EDUCATION, BUILD COMMUNITY COHESIVENESS, AND ADVANCE ECONOMIC GROWTH. false false 46959102 70000 40071453 SEE SCHEDULE O 46959102 true true false false false false false false true true false false true true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 715 0 true 712 true true true false false false false true true false false false false false false X 28 28 false false true false false false false true true false false true true true true true true true true false NC X X X X Christy Majors 7043791242 222 S Church Street Suite 300 Charlotte NC 28202 Brian Cromwell Past Chair 4.0 X X 0 0 0 Courtney Rogers Education Committee Chair 4.0 X X 0 0 0 David Head Governance Committee Chair 4.0 X X 0 0 0 John Giannuzzi Board Chair 10.0 X X 0 0 0 Liz Sterling Treasurer and Finance & Audit Committee Chair 4.0 X X 0 0 0 Marisa Thalberg Marketing & Community Relations Committee Chair 4.0 X X 0 0 0 Pat Rodgers Board Secretary 4.0 X X 0 0 0 Susanna Parker Development Committee Chair 4.0 X X 0 0 0 Tom Eiselt Facilities Committee Chair 4.0 X X 0 0 0 Tricia McDermott Talent Development and Retention Committee Chair 4.0 X X 0 0 0 Dante Anderson Board Member 1.0 X 0 0 0 Dena Diorio Board Member 1.0 X 0 0 0 Derek Raghavan Board Member 1.0 X 0 0 0 Donna Julian Board Member 1.0 X 0 0 0 Donna Perkins Board Member 1.0 X 0 0 0 Emily Sheldon Board Member 1.0 X 0 0 0 Evan Turtz Board Member 4.0 X 0 0 0 Jaime Monday Board Member 4.0 X 0 0 0 Jami Farris Board Member 1.0 X 0 0 0 Jen Henry Board Member 1.0 X 0 0 0 John Nurkin Board Member 1.0 X 0 0 0 Matt Bank Board Member 1.0 X 0 0 0 Megan Greuling Board Member 1.0 X 0 0 0 Portia MacKinnon Board Member 1.0 X 0 0 0 Rasu Shrestha Board Member 1.0 X 0 0 0 Richard Nichols Board Member 1.0 X 0 0 0 Susanne McGuire Board Member 1.0 X 0 0 0 Tariq Bokhari Board Member 1.0 X 0 0 0 Steve Brace VP of Admin/CFO 50.0 X 233417 0 41758 Tom Gabbard President 60.0 X 626145 0 110688 William Dantos VP of Theater Operations 50.0 X 262063 0 10040 Andrea Maloney VP of Education 50.0 X 139582 0 24769 Daniel Knaub VP of Marketing & Comm 50.0 X 162267 0 29741 Jennifer Catrambone Director of Human Resources 50.0 X 134060 0 17720 Robert Schoneman Director of IT 50.0 X 128008 0 12956 Samantha Kowert VP of Development 50.0 X 122698 0 19889 1808240 0 267561 9 false true false Six Boleyn Tour 561 7th Ave 3rd Floor New York NY 10018 Touring Production 1863505 I Love Cotton Candy LLC 230 West 41st Street Suite 1703 New York NY 10036 Touring Production 1815869 BOM Touring LLC 7135 Minstrel Way Suite 105 Columbia MD 21045 Touring Production 861617 Ease On Down LLC 1650 Broadway Ste 800 New York NY 10019 Touring Production 845980 BigHouse Marketing LLC 1000 NC Music Factory Blvd Charlotte NC 28206 Marketing Services 817885 23 295780 150000 2985794 3431574 THEATRE EVENTS 711110 38960537 38894413 66124 EVENT PARKING 711110 1177040 1177040 EVENT FOOD & BEVERAGE 711110 0 0 0 0 40137577 832274 832274 1019831 140594 1019831 140594 1160425 1160425 0 0 3413513 1100318 2313195 2313195 MISCELLANEOUS 711110 1164637 1164637 0 0 0 0 1164637 49039682 40071453 66124 5470531 70000 70000 1104956 733176 222374 149406 5831702 5192895 425233 213574 270217 245268 14064 10885 1429743 1297732 74415 57596 574612 490898 53646 30068 7108 7108 37158 37158 62131 62131 967548 896833 69371 1344 3612152 3555924 56228 994773 855196 120835 18742 1430532 1430532 448936 448936 952549 833906 89249 29394 494806 494806 406226 406226 Production Costs 25530196 25524428 5768 Box Office 2399923 2399923 Miscellaneous 1330092 760054 401395 168643 Concessions and parking 917587 917587 537016 360516 176500 0 49409963 46959102 1709213 741648 17667 22682 20408734 18358659 111818 113266 4281627 3231634 0 0 72366 138799 2191135 2462739 7683596 2895498 2273851 4788098 15163566 16399735 0 0 19114024 20923330 63634788 66438942 3970629 5203881 15527038 13955690 0 3382377 3003287 22880044 22162858 X 25337464 27304919 15417280 16971165 40754744 44276084 63634788 66438942 X -370281 -227105 4118726 X X false true X true false X 5043383 10838918 6652599 3939549 3431574 29906023 17298486 14667148 42490037 37685040 40137577 152278288 0 0 1847250 1847250 1847250 1847250 1421250 8810250 24189119 27353316 50989886 43471839 44990401 190994561 205262 131583 96020 159122 252506 844493 0 0 0 0 0 0 205262 131583 96020 159122 252506 844493 190150068 37615 1305 15147 543145 832274 1429486 0 37615 1305 15147 543145 832274 1429486 3855 12372 60224 76451 448855 17543 463582 516869 1164637 2611486 24679444 27384536 51468615 44592077 46987312 195111984 0.9746 0.983 0.01 0.0034 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER, COLUMN A - 448855.0, COLUMN B - 17543.0, COLUMN C - 463582.0, COLUMN D - 516869.0, COLUMN E - 1164637.0, COLUMN F - 2611486.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25513532 14987 4056593 1144353 28440759 24383036 7449 1775440 652393 25513532 28386156 4829 -3940457 67492 24383036 23655043 12705 4790754 72346 28386156 22467820 109104 1932690 854571 23655043 0.0 0.4036 0.5964 true false 3069865 1825615 1244250 1479207 1069883 409324 3134524 3134524 4788098 INVESTMENTS IN PERFORMANCES 2204621 NONQUALIFIED DEFERRED COMPENSATION PLAN ASSETS 1028117 PRESENT VALUE OF FUTURE LEASE CONTRIBUTIONS 3726247 BENEFICIAL INTEREST IN ASSETS HELD IN TRUST 12041024 Right of Use Asset 1923321 20923330 NONQUALIFIED DEFERRED COMPENSATION PLAN LIABILITIES 1028117 Lease Liability 1975170 3003287 X 55390740 1194145 5219044 6413189 48977551 62131 0 62131 49039682 51869400 1421250 1100318 2521568 49347832 62131 0 62131 49409963 Schedule D, Part V, Line 4 Intended uses of endowment funds The endowments have been established to support scholarships, facility renovations and the operations of the organization and its facilities. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote In the Internal Revenue Service determination letter dated October 15, 1992, the BA was determined to be tax exempt under Section 501(c)(3) of the Internal Revenue Code. Accordingly, there are no income taxes provided for in the accompanying financial statements. For the years ended August 31, 2024 and 2023, the BA accrued $10,500 and $22,500, respectively, in estimated federal and state taxes for Unrelated Business Income in accrued expenses on the statements of financial position. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN BENEFICIAL INTEREST OF ASSETS - 4118726 COST OF GOODS SOLD NET WITH REVENUE - 1100318 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD NET WITH REVENUE - 1100318 false Scholarship Award 7 70000 Scholarship Award Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. N/A X X X X X true true false true false false false true false Tom Gabbard President 521794 0 104351 0 0 0 94763 0 15925 0 736833 0 0 0 Steve Brace VP of Admin/CFO 233417 0 0 0 0 0 34749 0 7009 0 275175 0 0 0 William Dantos VP of Theater Operations 206862 0 0 0 55201 0 7479 0 2561 0 272103 0 129628 0 Daniel Knaub VP of Marketing & Comm 147623 0 14644 0 0 0 22784 0 6957 0 192008 0 0 0 Jennifer Catrambone Director of Human Resources 126065 0 7995 0 0 0 7142 0 10578 0 151780 0 0 0 Andrea Maloney VP of Education 134702 0 4880 0 0 0 18461 0 6308 0 164351 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment Bill Dantos received a severance payment of $55,201. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Tom Gabbard, Steve Brace, Daniel Knaub, Andrea Maloney, and Samantha Kowert participate in a supplemental defined contribution plan. Tom Gabbard: $78,263 Steve Brace: $22,651 Daniel Knaub: $14,644 Andrea Maloney: $12,200 Samantha Kowert: $16,480 Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization The incentive plan for the President incudes a merit impacted by operational results. Schedule J, Part I, Line 7 Non-fixed payments STAFF BONUSES ARE AWARDED ON MERIT. THE BONUS POOL IS ESTABLISHED BY THE BOARD OF TRUSTEES. FROM THIS, TWO POOLS ARE CREATED, A BASE POOL (80%) AND A RESERVE POOL (20%). THE BASE POOL IS THEN DIVIDED BY DEPARTMENT TO DETERMINE A BASE BONUS POOL FOR EACH DEPARTMENT. THE DEPARTMENT HEAD THEN EVALUATES HIS/HER STAFF AND RECOMMENDS A BONUS FOR EACH PERSON. IF THE DEPARTMENT HEAD FEELS THAT HIS/HER STAFF MEMBER IS DESERVING OF A BONUS THAT EXCEEDS THE DEPARTMENTAL BONUS POOL, THEN A REQUEST FOR ADDITIONAL BONUS FUNDS FROM THE RESERVE POOL ARE REQUESTED. THE PRESIDENT SUBMITS THE REQUEST FOR ALL MEMBERS OF THE SENIOR STAFF CONSISTING OF ALL VP/OFFICERS. THE BASE POOL IS ESTABLISHED ON THE SAME BASIS AS THE DEPARTMENTAL POOLS. THE DEPARTMENT HEAD SUBMITS ALL BONUS REQUEST TO THE PRESIDENT FOR APPROVAL. THE PRESIDENT HAS THE DISCRETION TO APPROVE, REJECT OR MODIFY ALL BONUSES. Form 990, Part III, Line 4a Blumenthal Arts made a profound impact in 2024, enriching the community, supporting artists, and driving economic growth. As the Carolinas' premier arts destination and one of the nation's leading not-for-profit arts organizations, Blumenthal welcomed new audiences, funneled $96 million into the local economy, paid over $650,000 to artists, employed 795 people, and elevated immersive entertainment with groundbreaking experiences. Blumenthal expanded access to the arts through its Broadway series, presenting 166 performances, distributing 275,000+ tickets, and hiring 2,400 local crew members, contributing to a $55 million local economic impact. The third annual Charlotte International Arts Festival (CIAF) celebrated cultural diversity, welcoming 500,000 guests and paying $411,500 to artists while featuring 130 free events, five large-scale installations, and performances from 63 represented countries. Blumenthal's dedication to arts education and community engagement remained steadfast, providing over 175,000 students with enriching arts programming, distributing 23,507 affordable and complimentary tickets, and awarding over $100,000 in college scholarships. Additionally, the organization launched Made in CLT, an artist directory that now connects 339 local creatives with opportunities. Blumenthal's work in 2024 reflects its commitment to accessibility, artistic excellence, and community impact. More information can be found at www.blumenthalarts.org. Form 990, Part VI, Line 15 On A regular basis, A study is performed by an advisory firm (e.g. Willis Towers Watson). This study is reviewed by the Compensation Committee. In addition, AMS PACC Salary Survey is reviewed by management. This review was delayed one year due to the pandemic. Form 990, Part VI, Line 4 Significant changes to organizational documents The bylaws were updated to clarify the organization's exempt purpose. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is presented to Management for review. Next, the Form 990 is submitted to the Finance & Audit Committee for review and approval. Lastly, the Form 990 is submitted to the Executive Committee for Review. Form 990, Part VI, Line 12c Conflict of interest policy The organization provides the Conflict of Interest Policy annually to all Board of Trustees members as well as senior staff leaders. Once the statement has been read in full, individuals sign the Conflict of Interest Statement to confirm their compliance with the policy. The Board's Governance Committee then reviews any statements that include concerns of an individual's affiliations that may or may not affect compliance with the policy. Form 990, Part VI, Line 18 How forms are made available to the public RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT THE ORGANIZATION'S WEBSITE AND WWW.GUIDESTAR.ORG. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE POSTED ON THEIR WEBSITE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN BENEFICIAL INTEREST OF ASSETS - 4118726; Form 990, Part XII, Line 2c Change of oversight process or selection process THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.