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← FOUNDATION FOR THE PERFORMING ARTS CENTER

Form 990 for tax year 2023

Filed by FOUNDATION FOR THE PERFORMING ARTS CENTER.

Totals

Total revenue
$699,376
Total expenses
$1,590,103
Contributions and grants received
$460,811
Grants paid
$783,248
Program service revenue
$0
Investment income
$235,717
Other revenue
$2,848
Total assets, end of year
$8,814,362
Total liabilities, end of year
$112,362
Net assets or fund balances, end of year
$8,702,000
Program services expenses (Part IX)
$1,299,263
Management and general expenses
$191,692
Fundraising expenses
$99,148
Program service expenses (Part III)
$1,299,263

Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $4,250

  • 1f · All other contributions, gifts and grants

    $456,561

  • 1g · Noncash contributions included above

    $27,661

  • 3 · Investment income

    total $235,717 · excluded $235,717

  • 8a · Fundraising events: gross income

    $233,879

  • 8b · Fundraising events: direct expenses

    $231,031

  • 8c · Net income from fundraising events

    total $2,848 · excluded $2,848

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $783,248 · program services $783,248

  • 5 · Compensation of officers, directors and key employees

    total $191,932 · program services $115,159 · management and general $67,176 · fundraising $9,597

  • 7 · Other salaries and wages

    total $132,507 · program services $79,504 · management and general $46,378 · fundraising $6,625

  • 9 · Other employee benefits

    total $22,541 · program services $13,525 · management and general $7,889 · fundraising $1,127

  • 10 · Payroll taxes

    total $21,178 · program services $12,707 · management and general $7,412 · fundraising $1,059

  • 11c · Fees: accounting

    total $34,177 · program services $6,181 · management and general $25,093 · fundraising $2,903

  • 11f · Fees: investment management

    total $30,000 · program services $30,000

  • 12 · Advertising and promotion

    total $9,424 · fundraising $9,424

  • 13 · Office expenses

    total $14,646 · program services $8,788 · management and general $5,126 · fundraising $732

  • 14 · Information technology

    total $20,004 · program services $7,218 · management and general $4,211 · fundraising $8,575

  • 16 · Occupancy

    total $22,506 · program services $13,504 · management and general $7,877 · fundraising $1,125

  • 17 · Travel

    total $4,046 · program services $2,428 · management and general $1,416 · fundraising $202

  • 19 · Conferences, conventions and meetings

    total $11,962 · program services $7,177 · management and general $4,187 · fundraising $598

  • 22 · Depreciation, depletion and amortization

    total $30,954 · program services $18,572 · management and general $10,834 · fundraising $1,548

  • 23 · Insurance

    total $3,418 · program services $2,051 · management and general $1,196 · fundraising $171

  • 24a · Other expenses: PAC - ARTS SEASON SPONS

    total $107,500 · program services $107,500

  • 24b · Other expenses: PAC - SCHOOL MATINEE PR

    total $90,000 · program services $90,000

  • 24c · Other expenses: COMMUNITY EVENTS & RECE

    total $32,378 · fundraising $32,378

  • 24d · Other expenses: PRINTING & PUBLICATIONS

    total $18,497 · fundraising $18,497

  • 24e · All other expenses

    total $9,185 · program services $1,701 · management and general $2,897 · fundraising $4,587

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $662,713 · end of year $194,486

  • 2 · Savings and temporary cash investments

    beginning of year $401,397 · end of year $309,900

  • 4 · Accounts receivable

    beginning of year $250,000 · end of year $5,804

  • 9 · Prepaid expenses and deferred charges

    beginning of year $946 · end of year $6,953

  • 10a · Land, buildings and equipment: cost or other basis

    $153,816

  • 10b · Land, buildings and equipment: accumulated depreciation

    $114,703

  • 10c · Land, buildings and equipment, net

    beginning of year $63,642 · end of year $39,113

  • 11 · Investments: publicly traded securities

    beginning of year $7,265,643 · end of year $8,063,230

  • 15 · Other assets

    beginning of year $205,818 · end of year $194,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,325 · end of year $55,165

  • 19 · Deferred revenue

    beginning of year $10,517

  • 25 · Other liabilities

    beginning of year $80,296 · end of year $57,197

  • 27 · Net assets without donor restrictions

    beginning of year $561,580 · end of year $500,366

  • 28 · Net assets with donor restrictions

    beginning of year $8,184,441 · end of year $8,201,634

Mission and programs · 2023

Mission

TO PROVIDE AND PROMOTE AN EXTRAORDINARY AND ACCESSIBLE CENTER FOR THE PERFORMING ARTS THAT ELEVATES THE ARTS IN OUR COMMUNITY.

Activities or mission (Part I)

TO PROVIDE AND PROMOTE AN EXTRAORDINARY AND ACCESSIBLE CENTER FOR THE PERFORMING ARTS THAT ELEVATES THE ARTS IN OUR COMMUNITY. TOGETHER FOUNDATION MEMBERS, WITH OUR PARTNERS, THE CITY OF SAN LUIS OBISPO AND CAL POLY, PROVIDE MORE THAN HALF OF THE CENTER'S $3.1 MILLION BUDGET. THESE CONTRIBUTIONS KEEP THE HALL ACCESSIBLE AND AFFORDABLE AND:1) BRING 9,000 CHILDREN TO SCHOOL ADMISSION-FREE SCHOOL MATINEES;2) PROVIDE LOCAL ARTS GROUPS WITH A 75% DISCOUNT ON CENTER RENTAL RATES;3) GIVE THE OPPORTUNITY TO 6,000 YOUNG ARTISTS WHO HAD A CHANCE TO PERFORM ON A WORLD-CLASS STAGE; AND4) KEEP THE CENTER LIKE-NEW AND STATE-OF-THE-ART

  • CENTER OPERATIONS - AMOUNTS PAID ON BEHALF OF SAN LUIS OBISPO PERFORMING ARTS CENTER FOR PROGRAM EXPENSES, CENTER OPERATION EXPENSES, INTEREST EXPENSE, FURNISHINGS AND EQUIPMENT PURCHASES.

    Expenses $1,101,763 · Grants $783,248

  • ARTS SEASON - AMOUNTS PAID TO THE CAL POLY ARTS PROGRAM TO SPONSOR THEIR PERFORMING ARTS SEASON WHICH PROVIDES A BROAD PROGRAM OF HIGH QUALITY PROFESSIONAL TOURING PERFORMANCES, EXHIBITIONS AND SPEAKING ENGAGEMENTS, WHILE ALSO ASSISTING WITH EDUCATIONAL NEEDS OF STUDENTS THROUGH VARIOUS ARTIST-IN-RESIDENCY ACTIVITIES AND OFF-CAMPUS SCHOOL OUTREACH EVENTS.

    Expenses $107,500

  • SCHOOL MATINEE - AMOUNTS TO SUPPORT THE SCHOOL MATINEE PROGRAM WHICH GIVES THOUSANDS OF LOCAL CHILDREN FROM ALL LOCAL PUBLIC, PRIVATE AND HOME SCHOOLS THE OPPORTUNITY TO ATTEND EDUCATIONAL, LIVE ARTS PERFORMANCES AT THE PAC EVERY SCHOOL YEAR.

    Expenses $90,000

As filed on the 2023 return.

Listed in Part VII

  • Geri Lachance

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Tom Strait

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Morgen Houlis

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Maren Hufton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brandon Downing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Wilken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Mainini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Skye Christakos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Skylar Stuck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claude Swain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristin Hoover

    EXECUTIVE DIRECTOR

    Total calculated
    $207,422
    From this org
    $191,932
    From related orgs
    $0
    Other
    $15,490
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $171,932
    Bonus
    $20,000
    Other
    $0
    Deferred
    $15,490
    Nontaxable benefits
    $0
    Filer's total
    $207,422

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349305692

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