2026-04-01T07:41:06+00:00 2025-08-31 440160260 Forvis Mazars LLP One Oak Plaza Suite 300 Asheville NC 28801 990 2024-09-01 581791724 NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION NORT 7043791242 130 NORTH TRYON STREET Charlotte NC 28202 TOM GABBARD PRESIDENT/CEO 2026-04-01 true Amy Bibby P00445891 8282542254 2026-03-20 2024 2025-03-06 01:10:19Z TOM GABBARD 130 NORTH TRYON STREET Charlotte NC 28202 49197420 false X WWW.BLUMENTHALARTS.ORG X 1987 NC SEE PART III LINE 1 30 30 795 277 70189 0 3431574 3089871 40137577 39937548 832274 643060 4638257 4353092 49039682 48023571 70000 70000 0 0 9211230 9077504 0 0 574481 40128733 41609366 49409963 50756870 -370281 -2733299 66438942 65390028 22162858 20558439 44276084 44831589 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 48343622 70000 39871957 SEE SCHEDULE O 48343622 true true false 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 false false false true 417 0 true 795 true true true false false false false true true false false false false false false X 30 30 false false false false false false false true true false false false true true true true true true true true false false NC X X X X Christy Majors 7043791242 222 S Church Street Suite 300 Charlotte NC 28202 Abbe McCracken Education Committee Chair 4.0 X X 0 0 0 David Head Chair of the Board of Trustees 10.0 X X 0 0 0 Derek Raghavan Governance Committee Chair 4.0 X X 0 0 0 John Giannuzzi Past Chair of the Board of Trustees 10.0 X X 0 0 0 Marisa Thalberg Marketing Committee Chair 4.0 X X 0 0 0 Pat Rodgers Board Secretary 4.0 X X 0 0 0 Paul Hennigan Treasurer and Finance & Audit Committee Chair 4.0 X X 0 0 0 Rasu Shrestha Strategy and Innovation Committee Chair 4.0 X X 0 0 0 Richard Nichols Community Impact and Partnership Committee Chair 4.0 X X 0 0 0 Tom Eiselt Facilities Committee Chair 4.0 X X 0 0 0 Tricia McDermott-Spikes Talend Development and Retention Committee Chair 4.0 X X 0 0 0 Angela Yochem Board Member 1.0 X 0 0 0 Brad Bender Board Member 1.0 X 0 0 0 Dante Anderson Board Member 1.0 X 0 0 0 Dena Diorio 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 Edwin Peacock Board Member 1.0 X 0 0 0 Emily Sheldon Board Member 1.0 X 0 0 0 Evan Turtz Board Member 1.0 X 0 0 0 Jaime Monday Board Member 1.0 X 0 0 0 Jami Farris Board Member 1.0 X 0 0 0 Jeanine Wilson Board Member 1.0 X 0 0 0 John Nurkin Board Member 1.0 X 0 0 0 Liz Sterling Board Member 1.0 X 0 0 0 Matt Bank Board Member 1.0 X 0 0 0 Megan Grueling Board Member 1.0 X 0 0 0 Michael Bryant Board Member 1.0 X 0 0 0 Onyeka Nchege Board Member 1.0 X 0 0 0 Susanna Parker Board Member 1.0 X 0 0 0 Christy Majors Chief Financial Officer 50.0 X 132149 0 1492 Tom Gabbard President 60.0 X 653171 0 112403 Andrea Maloney Chief Education Officer 40.0 X 120426 0 25700 Daniel Knaub Chief Marketing Officer 50.0 X 191081 0 31667 David Kummings Chief Venue Operations Officer 50.0 X 131346 0 3738 Jennifer Catrambone Chief Human Resources Officer 50.0 X 157701 0 19897 Samantha Kowert VP of Development 50.0 X 215147 0 26079 Steven Brace Former CFO 0.0 0.0 X 346271 0 24564 1947292 0 245540 17 false true false Buena Vista Theatrical Group LTD 214 West 42nd Street New York NY 10036 Touring Show 4138159 Barringer Construction LLC 4020 Old Pineville Rd Charlotte NC 28217 Construction 2243293 MRB Tour LLC 1650 Broadway Suite 800 New York NY 10019 Touring Show 1714102 BigHouse Marketing LLC 1000 NC Music Factory Blvd Charlotte NC 28206 Marketing Services 1151665 Live Nation Worldwide Inc 9348 Civic Center Drive Beverly Hills CA 90210 Touring Shows 916196 29 54000 150000 2885871 3089871 THEATRE EVENTS 711110 38984983 38919392 65591 EVENT PARKING 711110 952565 952565 0 0 0 0 39937548 643060 643060 1349036 210018 1349036 210018 1559054 4598 1554456 0 0 2701252 1173849 1527403 1527403 MISCELLANEOUS 711110 1266635 1266635 0 0 0 0 1266635 48023571 39871957 70189 4991554 70000 70000 840176 473092 270678 96406 5808100 5159504 427845 220751 342002 314580 17614 9808 1578632 1452059 81301 45272 508594 430894 53437 24263 22204 22204 44982 44982 73839 73839 1032607 887431 132176 13000 3625187 3574868 50319 1024177 881384 122006 20787 1334589 1334589 471513 471513 848926 707104 110295 31527 594829 594829 449034 449034 Production Costs 25954362 25949528 4834 Box Office 3147106 3147106 Miscellaneous 1500969 993879 444742 62348 Concessions and parking 1019690 1019690 465352 365352 100000 0 50756870 48343622 1838767 574481 22682 30682 18358659 12290206 113266 71293 3231634 2806703 0 0 0 0 138799 109992 2462739 3712980 10370731 3490328 4788098 6880403 16399735 18322324 0 0 20923330 21165445 66438942 65390028 5203881 2308687 13955690 15558722 0 0 3003287 2691030 22162858 20558439 X 27304919 26933726 16971165 17897863 44276084 44831589 66438942 65390028 X -2733299 -236471 3525275 X X false true true false X 10838918 6652599 3939549 3431574 3089871 27952511 14667148 42490037 37685040 40137577 39871957 174851759 0 0 1847250 1847250 1847250 1421250 1421250 8384250 27353316 50989886 43471839 44990401 44383078 211188520 131583 96020 159122 252506 138994 778225 0 0 0 0 0 0 131583 96020 159122 252506 138994 778225 210410295 1305 15147 543145 832274 643060 2034931 0 1305 15147 543145 832274 643060 2034931 12372 60224 70189 142785 17543 463582 516869 1164637 1266635 3429266 27384536 51468615 44592077 46987312 46362962 216795502 0.97055 0.97457 0.01 0.01 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER, COLUMN A - 17543.0, COLUMN B - 463582.0, COLUMN C - 516869.0, COLUMN D - 1164637.0, COLUMN E - 1266635.0, COLUMN F - 3429266.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28440759 19421 3451436 76278 31835338 25513532 14987 4056593 1144353 28440759 24383036 7449 1775440 652393 25513532 28386156 4829 -3940457 67492 24383036 23655043 12705 4790754 72346 28386156 0.0 0.3962 0.6038 true false 6766615 2276774 4489841 1942749 1213554 729195 1661367 1661367 6880403 INVESTMENTS IN PERFORMANCES 1529015 NONQUALIFIED DEFERRED COMPENSATION PLAN ASSETS 1096461 PRESENT VALUE OF FUTURE LEASE CONTRIBUTIONS 3489776 BENEFICIAL INTEREST IN ASSETS HELD IN TRUST 13513014 Right of Use Asset 1537179 21165445 Federal Income Taxes NONQUALIFIED DEFERRED COMPENSATION PLAN LIABILITIES 1096461 Lease Liability 1594569 2691030 X 53833635 1184779 4699124 5883903 47949732 73839 0 73839 48023571 53278130 1421250 1173849 2595099 50683031 73839 0 73839 50756870 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 BA is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, BA is subject to federal income tax on any unrelated business taxable income. BA files tax returns in the U.S. federal jurisdiction. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN BENEFICIAL INTEREST OF ASSETS - 3525275 COST OF GOODS SOLD NET WITH REVENUE - 1173849 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD NET WITH REVENUE - 1173849 true Scholarship Award 7 70000 Scholarship Award Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The organization provides scholarships to students for study. The scholarships are distributed directly to the attended schools X X X X X true true false true false false false true false Steven Brace Former CFO 65187 0 0 0 281084 0 22851 0 1713 0 370835 0 168655 0 Tom Gabbard President 543603 0 109568 0 0 0 95513 0 16890 0 765574 0 0 0 Samantha Kowert VP of Development 158385 0 0 0 56762 0 24958 0 1121 0 241226 0 56762 0 Daniel Knaub Chief Marketing Officer 179135 0 11946 0 0 0 24220 0 7447 0 222748 0 0 0 Jennifer Catrambone Chief Human Resources Officer 144180 0 13521 0 0 0 8527 0 11370 0 177598 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment Steve Brace received a severance payment of $90,000. Samantha Kowert received a severance payment of $19,015. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Tom Gabbard, Daniel Knaub, Andrea Maloney, and Samantha Kowert participate in a supplemental defined contribution plan. Tom Gabbard: $78,263 Daniel Knaub: $14,644 Samantha Kowert: $16,480 Andrea Maloney: $12,200 Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization The incentive plan for the President includes 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 2025, enriching the community, supporting artists, and driving economic growth across the Carolinas. As the region's premier arts destination and one of the nation's leading not-for-profit arts organizations, Blumenthal continued to expand access to the arts, welcome new audiences, and deliver meaningful cultural and economic value. In 2025, Blumenthal infused $96 million into the local economy, paid more than $650,000 directly to artists, and employed 795 people in support of world-class entertainment, immersive experiences, festivals, and educational programming. A major highlight of 2025 was the continued growth of Blume Studios, Blumenthal's immersive arts and experience hub. Life-Sized Monopoly enjoyed an extraordinary eight-month run, welcoming more than 41,000 ticketholders. Alongside it, The Magicians Table, an immersive theatrical magic experience, drew new audiences and expanded Blumenthal's reach beyond traditional performance formats. Together, these innovative offerings strengthened Blumenthal's role as a leader in experiential entertainment while generating significant local economic activity. Blumenthal's Broadway series remained a cornerstone of its impact, presenting the largest Broadway season in the Carolinas with more than 18 weeks of Broadway performances, as well as concerts, comedy, and special attractions across its Uptown venues. The Charlotte International Arts Festival (CIAF) further solidified Charlotte's place as a vibrant cultural capital, offering more than 200 events that engaged diverse audiences throughout the city and celebrated global artistic expression. Arts education and youth engagement remained central to Blumenthal's mission in 2025. The 12th annual Blumey Awards brought together students from 54 participating high schools across the region, celebrating excellence in musical theater performance, production, and technical achievement. Since the program's inception, the Blumey Awards have engaged more than 200,000 students at no cost, fostering artistic development, confidence, and career pathways for young performers and technicians. Blumenthal also expanded access to the arts through Blumenthal Bridges, a ticket-access program that reduces financial barriers and connects individuals, families, and community organizations to live performances and participatory arts experiences. Blumenthal Arts' work in 2025 reflects its continued commitment to accessibility, artistic excellence, community connection, and economic vitality. 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 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 - 3525275; Total - 3525275; Form 990, Part XII, Line 2c Change of oversight process or selection process THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.