Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Center Stage Foundation
Address:	600 East Grace Street Suite 400
	Richmond, VA 23219
Phone:	804-327-5755
Web Address:	www.richmondcenterstage.com
Also known as: Richmond Center Stage

Because Center Stage Foundation is a new organization, 2 of the 20 BBB Standards for Charity Accountability cannot be applied at this time: Standards 8, 10. (See the text of the Standards for a description of these guidelines.)

CenterStage Foundation, formerly known as the Virginia Performing Arts Foundation, was formed six years ago to bring a new performing arts center to center city Richmond. Over the past six years, through fundraising, planning and development, the Foundation has brought CenterStage to life. Through the enormous support of citizens in and around Richmond and the passionate work of so many volunteers including its Executive Board, the Foundation was successful in collaborating with the City and Mayor, not only in getting CenterStage under construction, but also under development for opening night in September 2009. In 2009, Richmond will experience something it has never had before – a vibrant center city built around the performing arts. Richmond CenterStage is a new block of serious fun featuring three diverse performance venues and an education center that puts students in the center of the action. Located on the corner of 6th Street and Grace Street, it is surrounded by an exciting, artistic streetscape. CenterStage will feature a wide diversity of top talent from around the world to around the corner performing all on new stages with first class acoustics and brilliant lighting. From the classics to the totally unexpected, get ready for some serious fun.

For the fiscal year ended June 30, 2009, Center Stage Foundation's program expenses were:

Education and Performing Arts Support	681,510
Total Program Expenses:	$681,510

Chief Executive : N/A, N/A

Compensation*:

$

Highest Paid Executive: N/A,N/A
Compensation*: $

Chair of the Board: James E. Ukrop
Chair's Profession / Business Affiliation: First Market Bank

Co-Chair of the Board : J. Robert Mooney

Chair's Profession / Business Affiliation: CFO, Mason School of Business, College of WIlliam & Mary

Board Size: 64

Paid Staff Size: 8

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, planned giving arrangements, cause-related marketing, membership

Fund raising costs were 1% of related contributions. (Related contributions, which totaled $25,039,261, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Center Stage Foundation's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds
Grants and Contributions	25,039,261
Investments	622,713
Total Income	$25,661,974

Uses of Funds as a % of Total Expenses

Programs: 46%  Fund Raising: 13%  Administrative: 41%

Total income				$25,661,974
	Program expenses			$681,510
	Fund raising expenses			196,902
	Administrative expenses			604,786
Total expenses				$1,483,198
Income in Excess of Expenses				24,178,776
Beginning net assets				55,112,118
Ending net assets				79,290,894
Total liabilities				4,385,150
Total assets				$83,676,044