RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS INC Charity Report

Public IRS 990 nonprofit record

RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS INC

EIN 59-2245054 · Arts, Culture & Humanities (A610)

What they do

THE RAYMOND F. KRAVIS CENTER for THE PERFORMING ARTS, LOCATED IN WEST PALM BEACH, FLORIDA, is A NOT-FOR-PROFIT PERFORMING ARTS CENTER. ITS MISSION is to ENHANCE THE QUALITY of LIFE IN PALM BEACH COUNTY BY PRESENTING A DIVERSE SCHEDULE of NATIONAL and INTERNATIONAL PERFORMING ARTISTS and COMPANIES of THE HIGHEST QUALITY. THE KRAVIS CENTER ALSO FOSTERS ARTS EDUCATION BY OFFERING COMPREHENSIVE EDUCATION and COMMUNITY OUTREACH PROGRAMS. AS A COMMUNITY LEADER and MAJOR ECONOMIC CATALYST, THE CENTER SEEKS to SHOWCASE REGIONAL PERFORMING ARTS ORGANIZATIONS and to SUPPORT EFFORTS to INCREASE TRAVEL and TOURISM to PALM BEACH COUNTY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.60 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 leaders35 people are listed in the latest report.

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

Money made simple

69.16%of revenue went to mission work80.6% of expenses · Program services

3.25%of revenue went to fundraising3.8% of expenses

$85.86spent for every $100 of revenueRevenue covered expenses this year.

13.44%of revenue went to management and office costs15.7% of expenses

$4.57in assets for every $1 spent this yearSome assets cannot be spent right away.

20.4%of its money came from giftsOther money may come from services or investments.

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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.

Pay context: The highest compensation shown in this filing is $582,273 for DIANE QUINN (CEO). 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$54,649,284

Mission workProgram services$37,795,39069.16% of revenue80.6% of expenses

ManagementOffice and general costs$7,347,33013.44% of revenue15.7% of expenses

FundraisingAsking for donations$1,778,0693.25% of revenue3.8% of expenses

Revenue left after expensesReported annual surplus$7,728,49514.14% of revenueShown in gray on the chart

Total expenses$46,920,78985.86% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 80.6% mission · 15.7% management · 3.8% fundraisingTotal expenses: 85.86% of revenue

2023Expense mix: 81.1% mission · 14.9% management · 4.0% fundraisingTotal expenses: 101.20% of revenue

2022Expense mix: 80.9% mission · 14.8% management · 4.3% fundraisingTotal expenses: 100.74% of revenue

2021Expense mix: 75.8% mission · 18.9% management · 5.3% fundraisingTotal expenses: 83.50% of revenue

2020Expense mix: 48.6% mission · 43.5% management · 8.0% fundraisingTotal expenses: 137.91% of revenue

2019Expense mix: 80.8% mission · 14.4% management · 4.8% fundraisingTotal expenses: 85.00% of revenue

2018Expense mix: 80.1% mission · 14.7% management · 5.2% fundraisingTotal expenses: 76.38% of revenue

2017Expense mix: 79.2% mission · 16.0% management · 4.8% fundraisingTotal expenses: 78.05% of revenue

Money in and money out

Revenue$54,649,284

Expenses$46,920,789

Annual surplus $7,728,495 Revenue was higher than expenses 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)$37,795,390 · 80.6% of expenses

Management and office costs$7,347,330 · 15.7% of expenses

Fundraising$1,778,069 · 3.8% of expenses

See all reported dollar amounts

Revenue$54,649,284

Expenses$46,920,789

Assets$214,269,037

Income$85,152,313

Contributions$11,161,546

Mission work (program services)$37,795,390

Fundraising$1,778,069

Management and general$7,347,330

Executive compensation (total)$1,629,245

Stocks and bonds$124,019,445

Accounting fees$98,715

Investing fees$348,364

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

DIANE QUINNCEO · 40 hrs/week $582,273Base $554,523 · Other $27,750

KYLE ROBERTS-RUGECFO · 40 hrs/week $399,257Base $371,507 · Other $27,750

GEORGIANA YOUNGVP OF MARKETING/PROGRAMING · 40 hrs/week $302,253Base $275,955 · Other $26,298

NICK TIGUEVP OF OPERATION · 40 hrs/week $274,210Base $266,614 · Other $7,596

CHURE GLADWELLVP OF DEVELOP · 40 hrs/week $222,119Base $220,419 · Other $1,700

ANDREW SEGALOFFSENIOR DIRECTOR OF IT · 40 hrs/week $203,268Base $181,684 · Other $21,584

TRACY BUTLERDIRECTOR OF EDUCATION · 40 hrs/week $162,648Base $142,998 · Other $19,650

LARRY BLISCHESENIOR IT ANALYST · 40 hrs/week $157,986Base $138,986 · Other $19,000

MARY JACOBSSENIOR DIRECTOR OF DEVELOP · 40 hrs/week $143,730Base $124,981 · Other $18,749

PHALA MURRAYSENIOR DIRECTOR OF MARKETI · 40 hrs/week $140,645Base $124,937 · Other $15,708

DIANE BERGNERFORMER VP OF DEVELOPMENT · 40 hrs/week $103,724

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 (35)

DIANE QUINNCEO

KYLE ROBERTS-RUGECFO

GEORGIANA YOUNGVP OF MARKETING/PROGRAMING

NICK TIGUEVP OF OPERATION

CHURE GLADWELLVP OF DEVELOP

ANDREW SEGALOFFSENIOR DIRECTOR OF IT

TRACY BUTLERDIRECTOR OF EDUCATION

LARRY BLISCHESENIOR IT ANALYST

MARY JACOBSSENIOR DIRECTOR OF DEVELOP

PHALA MURRAYSENIOR DIRECTOR OF MARKETI

DIANE BERGNERFORMER VP OF DEVELOPMENT

ALLEN ADELSONDIRECTOR

WILLIAM PETERSONDIRECTOR

WILLIAM MACKDIRECTOR

DAVID MACKDIRECTOR

STUART FRANKELDIRECTOR

SHERRY BARRATCHAIR

ROBERT FROMERDIRECTOR

RICHARD SLOANEDIRECTOR

DAVID LAMBERTTREASURER

PENNY BANKDIRECTOR

PAUL LEONEVICE CHAIR

NORMA KLORFINEDIRECTOR

BRADLEY HURSTONSECRETARY

MONIKA PRESTONVICE CHAIR

MICHAEL BRACCIDIRECTOR

EILEEN BERMANDIRECTOR

MARTHA RODRIGUEZDIRECTOR

EVAN DEOULDIRECTOR

AVA PARKERDIRECTOR

KENNETH HIMMELDIRECTOR

JOHN KETCHUMDIRECTOR

JEFFREY STOOPSDIRECTOR

JAMES COLEMANDIRECTOR

IRENE KARPDIRECTOR

About this charity

Recognized since: January 1983
Location: 701 OKEECHOBEE BLVD, WEST PALM BCH, FL 33401-6323
County: Palm Beach
In care of: DIANE QUINN
Primary officer: DIANE QUINN, CEO

How to reach them

WebsiteVisit the charity’s website Phone(561) 833-8300

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: EISNER ADVISORY GROUP LLC
NTEE classification: Arts, Culture & Humanities (A610)