NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION Charity Report

Public IRS 990 nonprofit record

NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION

EIN 58-1791724 · Performing Arts Centers (A61)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders38 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

100.67%of revenue went to mission work95.2% of expenses · Program services

1.20%of revenue went to fundraising1.1% of expenses

$105.69spent for every $100 of revenueSpending was higher than revenue this year.

3.83%of revenue went to management and office costs3.6% of expenses

$1.29in assets for every $1 spent this yearSome assets cannot be spent right away.

6.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,733,299 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $765,574 for TOM GABBARD (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$48,023,571

Mission workProgram services$48,343,622100.67% of revenue95.2% of expenses

ManagementOffice and general costs$1,838,7673.83% of revenue3.6% of expenses

FundraisingAsking for donations$574,4811.20% of revenue1.1% of expenses

Total expenses$50,756,870105.69% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.2% mission · 3.6% management · 1.1% fundraisingTotal expenses: 105.69% of revenue

2023Expense mix: 95.0% mission · 3.5% management · 1.5% fundraisingTotal expenses: 100.76% of revenue

2022Expense mix: 94.7% mission · 3.3% management · 2.0% fundraisingTotal expenses: 98.88% of revenue

2021Expense mix: 95.9% mission · 3.0% management · 1.1% fundraisingTotal expenses: 97.27% of revenue

2020Expense mix: 94.3% mission · 4.2% management · 1.5% fundraisingTotal expenses: 84.76% of revenue

2019Expense mix: 95.2% mission · 2.3% management · 2.5% fundraisingTotal expenses: 112.35% of revenue

2018Expense mix: 95.9% mission · 2.1% management · 2.0% fundraisingTotal expenses: 99.87% of revenue

2017Expense mix: 94.7% mission · 3.5% management · 1.9% fundraisingTotal expenses: 90.56% of revenue

Money in and money out

Revenue$48,023,571

Expenses$50,756,870

Annual shortfall $2,733,299 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$48,343,622 · 95.2% of expenses

Management and office costs$1,838,767 · 3.6% of expenses

Fundraising$574,481 · 1.1% of expenses

See all reported dollar amounts

Revenue$48,023,571

Expenses$50,756,870

Assets$65,390,028

Income$49,197,420

Contributions$3,089,871

Mission work (program services)$48,343,622

Fundraising$574,481

Grants given$210,000

Average grant$11,053

Management and general$1,838,767

Stocks and bonds$18,322,324

Accounting fees$44,982

Investing fees$73,839

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TOM GABBARDPRESIDENT · 60 hrs/week $765,574Base $653,171 · Other $112,403

STEVEN BRACEFORMER CFO $370,835Base $346,271 · Other $24,564

SAMANTHA KOWERTVP OF DEVELOPMENT · 50 hrs/week $241,226Base $215,147 · Other $26,079

DANIEL KNAUBCHIEF MARKETING OFFICER · 50 hrs/week $222,748Base $191,081 · Other $31,667

JENNIFER CATRAMBONECHIEF HUMAN RESOURCES OFFICER · 50 hrs/week $177,598Base $157,701 · Other $19,897

ANDREA MALONEYCHIEF EDUCATION OFFICER · 40 hrs/week $146,126Base $120,426 · Other $25,700

DAVID KUMMINGSCHIEF VENUE OPERATIONS OFFICER · 50 hrs/week $135,084Base $131,346 · Other $3,738

CHRISTY MAJORSCHIEF FINANCIAL OFFICER · 50 hrs/week $133,641Base $132,149 · Other $1,492

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (38)

TOM GABBARDPRESIDENT

STEVEN BRACEFORMER CFO

SAMANTHA KOWERTVP OF DEVELOPMENT

DANIEL KNAUBCHIEF MARKETING OFFICER

JENNIFER CATRAMBONECHIEF HUMAN RESOURCES OFFICER

ANDREA MALONEYCHIEF EDUCATION OFFICER

DAVID KUMMINGSCHIEF VENUE OPERATIONS OFFICER

CHRISTY MAJORSCHIEF FINANCIAL OFFICER

RICHARD NICHOLSCOMMUNITY IMPACT AND PARTNERSHIP COMMITTEE CHAIR

MATT BANKBOARD MEMBER

MEGAN GRUELINGBOARD MEMBER

MICHAEL BRYANTBOARD MEMBER

ONYEKA NCHEGEBOARD MEMBER

PAT RODGERSBOARD SECRETARY

PAUL HENNIGANTREASURER AND FINANCE & AUDIT COMMITTEE CHAIR

RASU SHRESTHASTRATEGY AND INNOVATION COMMITTEE CHAIR

LIZ STERLINGBOARD MEMBER

BRAD BENDERBOARD MEMBER

ANGELA YOCHEMBOARD MEMBER

SUSANNA PARKERBOARD MEMBER

TOM EISELTFACILITIES COMMITTEE CHAIR

ABBE MCCRACKENEDUCATION COMMITTEE CHAIR

TRICIA MCDERMOTT-SPIKESTALEND DEVELOPMENT AND RETENTION COMMITTEE CHAIR

MARISA THALBERGMARKETING COMMITTEE CHAIR

DANTE ANDERSONBOARD MEMBER

JOHN NURKINBOARD MEMBER

JOHN GIANNUZZIPAST CHAIR OF THE BOARD OF TRUSTEES

JEANINE WILSONBOARD MEMBER

JAMI FARRISBOARD MEMBER

JAIME MONDAYBOARD MEMBER

EVAN TURTZBOARD MEMBER

EMILY SHELDONBOARD MEMBER

EDWIN PEACOCKBOARD MEMBER

DONNA PERKINSBOARD MEMBER

DONNA JULIANBOARD MEMBER

DEREK RAGHAVANGOVERNANCE COMMITTEE CHAIR

DENA DIORIOBOARD MEMBER

DAVID HEADCHAIR OF THE BOARD OF TRUSTEES

About this charity

Recognized since: January 1988
Location: 130 N TRYON ST STE 200, CHARLOTTE, NC 28202-2135
County: Mecklenburg
In care of: TOM GABBARD
Primary officer: TOM GABBARD, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Emailgroupsales@blumenthalarts.org Phone(704) 379-1242

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Performing Arts Centers (A61)
IRS tax category: Performing Arts Centers
Grant-giving organization: Yes