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Nonprofiteer
← BUILDING 178 PERFORMING ARTS CENTER

Form 990 for tax year 2024

Filed by BUILDING 178 PERFORMING ARTS CENTER.

Totals

Total revenue
$8,584,245
Total expenses
$254,444
Contributions and grants received
$8,524,114
Grants paid
$0
Program service revenue
$0
Investment income
$60,131
Other revenue
$0
Total assets, end of year
$21,504,013
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$21,504,013
Program services expenses (Part IX)
$203,832
Management and general expenses
$18,828
Fundraising expenses
$31,784
Program service expenses (Part III)
$203,832

Program services were 80.1% 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)

    $686,799

  • 1f · All other contributions, gifts and grants

    $7,837,315

  • 3 · Investment income

    total $60,131 · excluded $60,131

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $23,642 · program services $363 · management and general $6,607 · fundraising $16,672

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 11e · Fees: professional fundraising services

    total $2,900 · fundraising $2,900

  • 12 · Advertising and promotion

    total $8,536 · program services $62 · management and general $2,264 · fundraising $6,210

  • 13 · Office expenses

    total $6,747 · program services $2,791 · management and general $3,956

  • 17 · Travel

    total $1,545 · program services $566 · management and general $254 · fundraising $725

  • 24a · Other expenses: FUNDRAISING

    total $200,000 · program services $200,000

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $6,016 · program services $50 · management and general $689 · fundraising $5,277

  • 24c · Other expenses: DONOR EVENTS

    total $2,058 · management and general $2,058

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,267,346 · end of year $269,984

  • 3 · Pledges and grants receivable

    beginning of year $20,909 · end of year $1,990,904

  • 6 · Loans and receivables from disqualified persons

    beginning of year $28,387 · end of year $10,443,543

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

    $8,799,582

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $115,454 · end of year $8,799,582

  • 15 · Other assets

    beginning of year $16,319 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $237,366

  • 27 · Net assets without donor restrictions

    beginning of year $11,211,049 · end of year $21,504,013

Mission and programs · 2024

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF NTC FOUNDATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION AND CYGNET THEATRE COMPANY, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION IN RAISING FUNDS FOR THE DESIGN, CONSTRUCTION, DEVELOPMENT, AND OPERATION OF A THEATRE IN THE NAVAL TRAINING CENTER ("NTC") LOCATED IN THE CITY OF SAN DIEGO, SPECIFICALLY RESTRICTED TO THE PORTION OF THE NTC REFERRED TO AS THE "CIVIC ARTS AND CULTURAL CENTER."

  • TO RAISE FUNDS FOR THE DESIGN, CONSTRUCTION, DEVELOPMENT, AND OPERATION OF A THEATRE IN THE CIVIC ARTS AND CULTURAL CENTER WITHIN THE NAVAL TRAINING CENTER LOCATED IN THE CITY OF SAN DIEGO.

    Expenses $203,832 · Revenue $8,524,114

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LISA JOHNSON

    PRESIDENT AND CEO

    Total calculated
    $0
    Hours/week
    20

  • KEN STIPANOV

    CHAIR, COMMUNITY LEADER

    Total calculated
    $0
    Hours/week
    5

  • JUDITH NORA

    MEMBER AT LARGE, PELL INVE

    Total calculated
    $0
    Hours/week
    5

  • EDGAR CANADA

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    5

  • PAMELA RICHARDS

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • BILL SCHMIDT

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • NINA LEUNG

    TREASURER

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • NTC FOUNDATION

    501(C)(3) · RENOVATE THE NTC AND CREATING, FACILITATING, AND OPERATING ARTS DISTRICT · CA

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349323946

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