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Nonprofiteer
← BUILDING 178 PERFORMING ARTS CENTER

Form 990 for tax year 2023

Filed by BUILDING 178 PERFORMING ARTS CENTER.

Totals

Total revenue
$7,829,772
Total expenses
$636,680
Contributions and grants received
$7,598,667
Grants paid
$0
Program service revenue
$0
Investment income
$231,105
Other revenue
$0
Total assets, end of year
$11,448,415
Total liabilities, end of year
$237,366
Net assets or fund balances, end of year
$11,211,049
Program services expenses (Part IX)
$9,476
Management and general expenses
$75,520
Fundraising expenses
$551,684
Program service expenses (Part III)
$9,476

Program services were 1.5% 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.

  • 1e · Government grants (contributions)

    $1,040,000

  • 1f · All other contributions, gifts and grants

    $6,558,667

  • 3 · Investment income

    total $231,105 · unrelated business $231,105

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $81,544 · program services $1,253 · management and general $22,788 · fundraising $57,503

  • 11b · Fees: legal

    total $4,420 · management and general $4,420

  • 11c · Fees: accounting

    total $22,300 · management and general $22,300

  • 11e · Fees: professional fundraising services

    total $449,590 · fundraising $449,590

  • 12 · Advertising and promotion

    total $59,262 · program services $388 · management and general $18,405 · fundraising $40,469

  • 13 · Office expenses

    total $11,856 · program services $6,800 · management and general $5,056

  • 17 · Travel

    total $2,750 · program services $1,008 · management and general $452 · fundraising $1,290

  • 24a · Other expenses: All other expenses

    total $3,310 · program services $27 · management and general $451 · fundraising $2,832

  • 24b · Other expenses: Donor Events

    total $1,648 · management and general $1,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,003,735 · end of year $11,267,346

  • 3 · Pledges and grants receivable

    beginning of year $20,909 · end of year $20,909

  • 6 · Loans and receivables from disqualified persons

    beginning of year -$10,854 · end of year $28,387

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

    $115,454

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,797 · end of year $115,454

  • 15 · Other assets

    beginning of year -$2,721 · end of year $16,319

  • 17 · Accounts payable and accrued expenses

    beginning of year -$3,091 · end of year $237,366

  • 27 · Net assets without donor restrictions

    beginning of year $4,017,957 · end of year $11,211,049

Mission and programs · 2023

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 $9,476 · Revenue $7,598,666

  • Interest revenue

    Revenue $231,105

As filed on the 2023 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
2023
Filed
26 June 2025
IRS schema version
2023v6.0
Source object
202511829349300616

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