Nonprofit · EIN 45-5117346
PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC
Tax-exempt (reinstated) · NEW BRAUNFELS, TX 78130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $313,628 | $322,853 | -$9,225 | $181,747 | $100,000 | $81,747 |
| December 31, 2023 | 990 | $331,572 | $319,932 | $11,640 | $189,998 | $100,001 | $89,997 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,643
- Program service revenue
- $307,789
- Investment income
- $4,196
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $29,996
- Salaries, compensation and benefits (total)
- $29,996
- Professional fundraising fees
- $0
- Legal fees
- $1,000
- Occupancy
- $74,582
- Travel
- $58,646
- Program services (functional)
- $321,853
- Management and general (functional)
- $1,000
Balance sheet and other
- Total assets, start of year
- $189,998
- Total assets, end of year
- $181,747
- Total liabilities, end of year
- $100,000
- Net assets, end of year
- $81,747
- Net assets without donor restrictions
- $81,747
- Gross receipts
- $313,628
- Employees
- 0
- Year formed
- 2013
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRY BETTERSWORTH | Chairman Trustee or director | 40 | $29,996 |
| JAMES BETTERSWORTH | CFO Trustee or director | 2 | $0 |
| BOYD REWEH | Director Trustee or director | 10 | $0 |
| SANDRA BYERLY | Secretary Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRY BETTERSWORTH | Chairman Trustee or director | 40 | $68,085 |
| JAMES BETTERSWORTH | CFO Trustee or director | 2 | $0 |
| BOYD REWEH | Director Trustee or director | 10 | $0 |
| SANDRA BYERLY | Secretary Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 110 W FAUST ST, NEW BRAUNFELS, TX 78130-7813
- In care of
- % SHERRY BETTERSWORTH
- Signed the 990
- SHERRY BETTERSWORTH, Chairman
- Phone
- (210) 241-9720
- Website
- nbperformingarts.com
- Return prepared by
- JACK WALKER CPA PC
Mission
TO ENCOURAGE OUR YOUTH TO PARTICIPATE IN THE ARTS THROUGH THE TRADITION OF THEATRE, MUSIC, PHOTOGRAPHY AND FILM, TO ENRICH THEIR LIVES AS WELL AS ENRICH OUR COMMUNITY.
Program accomplishments
- PROMOTE ART AMONG THE YOUTH BY INTRODUCING THEM TO THEATRE AND PUBLIC SPEAKINGExpenses $321,853
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5117346
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $181,747
- Income (IRS master file)
- $313,628
Revocation and reinstatement
- Exemption revoked
- May 15, 2015
- Posted by the IRS
- August 10, 2015
- Reinstated
- Effective May 15, 2015
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $313,628 | $322,853 | $181,747 | XML |
| 990 | December 2023 | $331,572 | $319,932 | $189,998 | XML |
| 990 | December 2022 | $320,673 | $275,031 | $178,357 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5117346).
Questions about PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC
- What is the EIN of PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC?
- The employer identification number (EIN) of PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC is 45-5117346.
- Is PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2015 and reinstated it effective May 15, 2015.
- Are donations to PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $29,996 (SHERRY BETTERSWORTH, Chairman).
- How much revenue does PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $313,628, expenses of $322,853 and total assets of $181,747 at year end.
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All nonprofits in NEW BRAUNFELS · Texas · Arts, culture and humanities