Form 990 for tax year 2022
Filed by SEGERSTROM CENTER FOR THE ARTS.
Totals
- Total revenue
- $124,069,073
- Total expenses
- $85,517,661
- Contributions and grants received
- $20,733,301
- Grants paid
- $0
- Program service revenue
- $59,793,454
- Investment income
- $43,547,825
- Other revenue
- -$5,507
- Total assets, end of year
- $511,911,797
- Total liabilities, end of year
- $188,080,399
- Net assets or fund balances, end of year
- $323,831,398
- Program services expenses (Part IX)
- $70,549,556
- Management and general expenses
- $10,457,296
- Fundraising expenses
- $4,510,809
- Program service expenses (Part III)
- $70,549,556
Program services were 82.5% 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.
-
1c · Fundraising events
$2,185,985
-
1f · All other contributions, gifts and grants
$18,547,316
-
1g · Noncash contributions included above
$336,366
-
2a · Program service revenue: CENTER PRESENTATIONS
total $48,112,988 · related or exempt $48,112,988
-
2b · Program service revenue: HALL RENTAL OPERATIONS
total $9,901,257 · related or exempt $9,901,257
-
2c · Program service revenue: EDUCATION PROGRAMS
total $1,779,209 · related or exempt $1,779,209
-
3 · Investment income
total $6,104,476 · unrelated business -$2,497 · excluded $6,106,973
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $96,089
-
6b · Less rental expenses
real property $101,596
-
6c · Rental income or loss
real property -$5,507 · personal property $0
-
6d · Net rental income or loss
total -$5,507 · unrelated business -$5,507
-
7a · Gross sales of assets other than inventory
securities $63,548,156
-
7b · Less cost or other basis and sales expenses
securities $26,104,807
-
7c · Gain or loss
securities $37,443,349
-
7d · Net gain or loss
total $37,443,349 · excluded $37,443,349
-
8a · Fundraising events: gross income
$1,453,457
-
8a · Fundraising events: contributions included on line 1c
$2,185,985
-
8b · Fundraising events: direct expenses
$1,453,457
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,524,159 · program services $368,346 · management and general $1,155,813
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $10,937,430 · program services $4,671,634 · management and general $4,556,177 · fundraising $1,709,619
-
8 · Pension plan contributions
total $314,899 · program services $119,996 · management and general $137,606 · fundraising $57,297
-
9 · Other employee benefits
total $1,051,754 · program services $463,291 · management and general $381,394 · fundraising $207,069
-
10 · Payroll taxes
total $879,014 · program services $366,301 · management and general $394,425 · fundraising $118,288
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $190,966 · management and general $190,966
-
11c · Fees: accounting
total $94,640 · management and general $94,640
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $568,908 · management and general $568,908
-
11g · Fees: other
total $395,744 · program services $98,391 · management and general $245,297 · fundraising $52,056
-
12 · Advertising and promotion
total $5,370,944 · program services $5,257,752 · management and general $73,844 · fundraising $39,348
-
13 · Office expenses
total $274,953 · program services $47,766 · management and general $189,822 · fundraising $37,365
-
14 · Information technology
total $817,179 · management and general $817,179
-
15 · Royalties
total $0
-
16 · Occupancy
total $4,677,073 · program services $4,519,743 · management and general $113,052 · fundraising $44,278
-
17 · Travel
total $252,172 · program services $20,072 · management and general $222,356 · fundraising $9,744
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $123,664 · program services $22,352 · management and general $88,232 · fundraising $13,080
-
20 · Interest
total $3,747,429 · program services $3,747,429
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $9,628,878 · program services $9,393,979 · management and general $143,816 · fundraising $91,083
-
23 · Insurance
total $537,430 · management and general $537,430
-
24a · Other expenses: PROGRAMMING
total $37,713,958 · program services $37,713,958
-
24b · Other expenses: ATTRACTION SHARE OF RECEIPTS
total $3,613,193 · program services $3,613,193
-
24c · Other expenses: SPECIAL EVENTS
total $1,700,325 · fundraising $1,700,325
-
24d · Other expenses: DONOR CULTIVATION
total $310,757 · fundraising $310,757
-
24e · All other expenses
total $792,192 · program services $125,353 · management and general $546,339 · fundraising $120,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $69,882 · end of year $213,317
-
2 · Savings and temporary cash investments
beginning of year $12,804,822 · end of year $16,736,897
-
3 · Pledges and grants receivable
beginning of year $4,971,788 · end of year $5,006,415
-
4 · Accounts receivable
beginning of year $1,113,531 · end of year $1,665,251
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $745,583 · end of year $1,397,039
-
10a · Land, buildings and equipment: cost or other basis
$373,964,631
-
10b · Land, buildings and equipment: accumulated depreciation
$196,808,901
-
10c · Land, buildings and equipment, net
beginning of year $182,417,193 · end of year $177,155,730
-
11 · Investments: publicly traded securities
beginning of year $247,812,248 · end of year $262,561,838
-
12 · Investments: other securities
beginning of year $21,422,527 · end of year $33,266,357
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $21,856,014 · end of year $13,908,953
-
17 · Accounts payable and accrued expenses
beginning of year $3,808,142 · end of year $6,013,668
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $22,165,460 · end of year $20,431,037
-
20 · Tax-exempt bond liabilities
beginning of year $166,012,261 · end of year $161,635,694
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $4,722 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $162,152,468 · end of year $177,190,005
-
28 · Net assets with donor restrictions
beginning of year $139,070,535 · end of year $146,641,393
Mission and programs · 2022
Mission
SEGERSTROM CENTER FOR THE ARTS BELIEVES IN THE POWER OF THE PERFORMING ARTS TO TRANSFORM LIVES AND THAT THE SHARED EXPERIENCE AND EXPLORATION OF THE ARTS WILL HELP UNITE ORANGE COUNTY RESIDENTS, CREATING A MORE CULTURALLY CONNECTED AND VITAL COMMUNITY.
Activities or mission (Part I)
DEVELOPING AND OPERATING A MAJOR PERFORMING ARTS CENTER PRESENTING THE FINEST IN PERFORMING ARTS.
-
CENTER PRESENTATIONS SEGERSTROM CENTER FOR THE ARTS IS ONE OF THE NATION'S PREMIER ARTS ORGANIZATIONS. IT IS A UNIQUE ACHIEVEMENT OF COMMUNITY VISION, INITIATIVE, ARTISTIC ACCOMPLISHMENT AND GENEROSITY KNOWN FOR ITS STUNNING ARCHITECTURE AND TECHNICAL FACILITIES, IMPECCABLE ACOUSTICS AND THE EXCEPTIONAL QUALITY OF THE COMPANIES AND ARTISTS WHO PERFORM HERE. THE CENTER, ORANGE COUNTY'S LARGEST NON-PROFIT ARTS ORGANIZATION,OFFERS THE WORLD'S LEADING DANCE COMPANIES, BROADWAY SHOWS, AWARD-WINNING CLASSICAL, JAZZ AND CABARET ARTISTS, FAMILY ENTERTAINMENT, SPECIAL EVENTS AND YEAR-ROUND EDUCATIONAL PROGRAMS.
Expenses $52,629,151 · Revenue $48,112,988
-
HALL RENTAL OPERATIONS SEGERSTROM CENTER FOR THE ARTS IS ALSO THE HOME OF THREE RESIDENT COMPANIES: PACIFIC SYMPHONY, THE PHILHARMONIC SOCIETY OF ORANGE COUNTY, AND PACIFIC CHORALE. TOGETHER THE RESIDENT COMPANIES HAVE OVER 100 PERFORMANCES A YEAR AT THE CENTER. IN ADDITION TO THE RESIDENT COMPANIES, THE CENTER ALSO RENTS TO OTHER USERS.
Expenses $13,468,088 · Revenue $9,901,257
-
COMMUNITY ENGAGEMENT AND EDUCATION PROGRAMS THE CENTER HAS ONE OF THE NATION'S MOST RESPECTED EDUCATION AND COMMUNITY ENGAGEMENT DEPARTMENTS TO SERVE ORANGE COUNTY'S DIVERSE COMMUNITIES. THEIR PROGRAMS REACH MORE THAN 360,000 STUDENTS IN ELEMENTARY THROUGH UNIVERSITY LEVELS, EDUCATORS AND FAMILIES WITH PROGRAMS AND EVENTS AT THE CENTER AND IN SCHOOLS AND COMMUNITY EVENTS THROUGHOUT SOUTHERN CALIFORNIA. MANY PERFORMANCES IN FAMILY ORIENTED PRODUCTIONS ARE SENSORY FRIENDLY AND ASL INTERPRETED. THE CENTER IS ALSO HOME TO THE AMERICAN BALLET THEATRE WILLIAM J. GILLESPIE SCHOOL FOR YOUNG DANCERS 3-18 AND STUDIO D: ARTS SCHOOL FOR ALL ABILITIES.
Expenses $4,452,317 · Revenue $1,779,209
As filed on the 2022 return.
Listed in Part VII
-
Casey Reitz
President
- Total calculated
- $584,987
- From this org
- $553,916
- From related orgs
- $0
- Other
- $31,071
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $528,316
- Bonus
- $25,600
- Other
- $0
- Deferred
- $28,539
- Nontaxable benefits
- $2,532
- Filer's total
- $584,987
-
Brian FinckBRIAN FINCK
EVP CFO
- Total calculated
- $391,356
- From this org
- $329,447
- From related orgs
- $0
- Other
- $61,909
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $310,797
- Bonus
- $18,650
- Other
- $0
- Deferred
- $24,597
- Nontaxable benefits
- $37,312
- Filer's total
- $391,356
-
Judith O'Dea MorrJUDITH O'DEA MORR
EVP PRODUCTION
- Total calculated
- $380,877
- From this org
- $353,982
- From related orgs
- $0
- Other
- $26,895
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $337,882
- Bonus
- $16,100
- Other
- $0
- Deferred
- $25,106
- Nontaxable benefits
- $1,789
- Filer's total
- $380,877
-
Michael Ennis
VP Development
- Total calculated
- $303,979
- From this org
- $280,429
- From related orgs
- $0
- Other
- $23,550
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $255,429
- Bonus
- $25,000
- Other
- $0
- Deferred
- $13,178
- Nontaxable benefits
- $10,372
- Filer's total
- $303,979
-
Lisa MiddletonLISA MIDDLETON
VP MARKETING/comm
- Total calculated
- $284,355
- From this org
- $248,792
- From related orgs
- $0
- Other
- $35,563
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,642
- Bonus
- $15,150
- Other
- $0
- Deferred
- $19,242
- Nontaxable benefits
- $16,321
- Filer's total
- $284,355
-
John OliphantJOHN OLIPHANT
HEAD CARPENTER
- Total calculated
- $283,451
- From this org
- $236,153
- From related orgs
- $0
- Other
- $47,298
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $226,653
- Bonus
- $9,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $47,298
- Filer's total
- $283,451
-
Tom Lane
Head Carpenter (thru 2/2023)
- Total calculated
- $225,784
- From this org
- $202,732
- From related orgs
- $0
- Other
- $23,052
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,232
- Bonus
- $9,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,052
- Filer's total
- $225,784
-
Kerk Brown
VP Human Resources(thru 3/2023
- Total calculated
- $223,524
- From this org
- $209,898
- From related orgs
- $0
- Other
- $13,626
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,298
- Bonus
- $9,600
- Other
- $0
- Deferred
- $12,063
- Nontaxable benefits
- $1,563
- Filer's total
- $223,524
-
Mrs Jane Fujishige Yada
Chair of the Board/Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Sally Crockett
Secretary/Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr DAVID H TROOB
Treasurer/Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Wylie A Aitken
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Julia Argyros
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Bart Asner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jesse Bagley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Marta Bhathal
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Deborah Bridges
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Mark Chan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Sandy Segerstrom Daniels
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr James Driscoll
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Moti Ferder
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr John C Garrett
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr John L Ginger
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jackie Glass
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Wendy Hales
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Larry Higby
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jason Howard
Director (thru 2/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Betty Huang
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Kate Levering-Jahangiri
Director (EFF. 5/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Molly Jolly
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr ROGER T KIRWAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs KARLA KRAFT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Carole Haes Landon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Shanaz Langson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr William Meehan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Britt Meyer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Ethan F Morgan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Rick Muth
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Walter Parsadayan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Mark Perry
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr John Phelan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Chris Rommel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Holly Breaux Schwartz
Director (EFF. 5/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Elizabeth Segerstrom
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr STEPHEN SHERLINE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Stewart Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Tony Smith
Director (EFF. 11/2022)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Steven Sorenson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Connie Spenuzza
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr John Stratman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Samuel Tang
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr KELLY THOMSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Gaddi Vasquez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Jaynine Warner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Carol L Wilken
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- PART I, LINE 1A - TRAVEL FOR COMPANIONS
- THE PRESIDENT'S WIFE ACCOMPANIES HIM ON TRIPS TO HELP CULTIVATE DONORS AND NETWORK DURING WORK-RELATED CONFERENCES THAT BENEFIT THE INTEREST OF THE CENTER. ALL TRAVEL AND CONFERENCE EXPENSE REPORTS AND REIMBURSEMENTS ARE PRE-APPROVED AND POST-APPROVED BY THE CHAIR AND NOT TAXABLE TO THE PRESIDENT.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400299349301550
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