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Nonprofiteer
← THE SMITH CENTER FOR THE PERFORMING ARTS

Form 990 for tax year 2023

Filed by THE SMITH CENTER FOR THE PERFORMING ARTS.

Totals

Total revenue
$37,022,971
Total expenses
$36,070,015
Contributions and grants received
$9,321,011
Grants paid
$0
Program service revenue
$21,974,592
Investment income
$3,130,731
Other revenue
$2,596,637
Total assets, end of year
$459,526,791
Total liabilities, end of year
$46,031,146
Net assets or fund balances, end of year
$413,495,645
Program services expenses (Part IX)
$27,332,287
Management and general expenses
$7,720,068
Fundraising expenses
$1,017,660
Program service expenses (Part III)
$27,332,287

Program services were 75.8% 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)

    $5,000,000

  • 1f · All other contributions, gifts and grants

    $4,321,011

  • 1g · Noncash contributions included above

    $393,237

  • 2a · Program service revenue: TICKET REVENUE

    total $19,415,081 · related or exempt $19,415,081

  • 2b · Program service revenue: CONCESSION REVENUE

    total $575,471 · related or exempt $575,471

  • 2c · Program service revenue: COMISSION REVENUE

    total $439,759 · unrelated business $439,759

  • 2d · Program service revenue: MERCHANDISE REVENUE

    total $63,989 · related or exempt $63,989

  • 2e · Program service revenue: MISC REVENUE & FEES

    total $1,480,292 · related or exempt $1,480,292

  • 3 · Investment income

    total $2,403,787 · excluded $2,403,787

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $2,596,637

  • 6c · Rental income or loss

    real property $2,596,637 · personal property $0

  • 6d · Net rental income or loss

    total $2,596,637 · unrelated business $515,616 · excluded $2,081,021

  • 7a · Gross sales of assets other than inventory

    securities $18,355,142

  • 7b · Less cost or other basis and sales expenses

    securities $17,426,542 · other assets $201,654

  • 7c · Gain or loss

    securities $928,600 · other assets -$201,654

  • 7d · Net gain or loss

    total $726,944 · excluded $726,944

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 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 $1,973,347 · program services $907,740 · management and general $888,006 · fundraising $177,601

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $8,010,229 · program services $4,888,490 · management and general $2,743,492 · fundraising $378,247

  • 8 · Pension plan contributions

    total $506,783 · program services $422,473 · management and general $74,319 · fundraising $9,991

  • 9 · Other employee benefits

    total $1,283,311 · program services $871,217 · management and general $351,174 · fundraising $60,920

  • 10 · Payroll taxes

    total $679,505 · program services $446,547 · management and general $196,780 · fundraising $36,178

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $7,637 · management and general $7,637

  • 11c · Fees: accounting

    total $123,415 · management and general $123,415

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $273,984 · management and general $273,984

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $1,059,044 · program services $859,042 · management and general $109,627 · fundraising $90,375

  • 13 · Office expenses

    total $1,128,633 · program services $863,692 · management and general $234,551 · fundraising $30,390

  • 14 · Information technology

    total $439,210 · program services $176,591 · management and general $259,869 · fundraising $2,750

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,926,806 · program services $1,695,051 · management and general $231,755

  • 17 · Travel

    total $105,880 · program services $29,613 · management and general $65,367 · fundraising $10,900

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $227 · management and general $227

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $5,031,514 · program services $3,307,616 · management and general $1,522,117 · fundraising $201,781

  • 23 · Insurance

    total $315,569 · program services $162,422 · management and general $153,147

  • 24a · Other expenses: PRODUCTION COSTS

    total $12,802,882 · program services $12,456,674 · management and general $335,233 · fundraising $10,975

  • 24b · Other expenses: SUPPLIES

    total $188,130 · program services $160,029 · management and general $28,101

  • 24c · Other expenses: SERVICE CONTRACT

    total $61,940 · program services $12,386 · management and general $43,161 · fundraising $6,393

  • 24d · Other expenses: OTHERS

    total $151,969 · program services $72,704 · management and general $78,106 · fundraising $1,159

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $809,140 · end of year $309,339

  • 2 · Savings and temporary cash investments

    beginning of year $12,604,230 · end of year $17,316,302

  • 3 · Pledges and grants receivable

    beginning of year $1,591,105 · end of year $1,122,113

  • 4 · Accounts receivable

    beginning of year $366,632 · end of year $162,132

  • 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 $294,739 · end of year $227,586

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

    $386,170,358

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

    $81,219,149

  • 10c · Land, buildings and equipment, net

    beginning of year $300,067,656 · end of year $304,951,209

  • 11 · Investments: publicly traded securities

    beginning of year $99,724,384 · end of year $110,964,182

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 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 $19,126,305 · end of year $24,473,928

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,355,030 · end of year $4,092,240

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $11,869,008 · end of year $12,963,890

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 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 $30,245,164 · end of year $28,975,016

  • 27 · Net assets without donor restrictions

    beginning of year $110,027,570 · end of year $127,164,741

  • 28 · Net assets with donor restrictions

    beginning of year $280,087,419 · end of year $286,330,904

Mission and programs · 2023

Mission

TO INSPIRE ARTISTS, AUDIENCES, AND OUR DIVERSE COMMUNITY THROUGH GREAT PERFORMANCES, ENRICHING EXPERIENCES, AND ENGAGING EDUCATIONAL PROGRAMMING.

Activities or mission (Part I)

TO INSPIRE ARTISTS, AUDIENCES AND OUR DIVERSE COMMUNITY THROUGH THE PERFORMING ARTS.

  • DESIGNED TO EDUCATE, ENRICH AND INSPIRE THE LIVES OF THE LAS VEGAS VALLEY COMMUNITY BY PRESENTING WORLD CLASS PERFORMING ARTS. THE SMITH CENTER OFFERS A BLEND OF PERFORMANCES BY LOCAL ARTS GROUPS AS WELL AS FIRST RUN TOURING ATTRACTIONS. THE FEATURED MUSIC, THEATER AND DANCE COMPANIES CELEBRATE CULTURES FROM ALL OVER THE WORLD ALONG WITH LOCAL RESIDENT COMPANIES, THE LAS VEGAS PHILHARMONIC AND NEVADA BALLET THEATER. THE SMITH CENTER BEGAN OPERATIONS IN MARCH 2012 AND HAS ENRICHED THE LIVES OF AN ESTIMATE OF 2,585,000 PATRONS.

    Expenses $25,763,406 · Revenue $20,340,929

  • IN COLLABORATION WITH THE KENNEDY CENTER PARTNERS IN EDUCATION PROGRAM AND WOLF TRAP INSTITUTE FOR EARLY LEARNING THROUGH THE ARTS, WORKSHOPS, ARTIST RESIDENCIES AND DEMONSTRATION, TEACHING SESSIONS WERE CONDUCTED THROUGHOUT THE YEAR TO EDUCATE THE LAS VEGAS VALLEY COMMUNITY'S YOUTH THROUGH THE PERFORMING ARTS. NATIONAL AND INTERNATIONAL TOURING THEATER PRODUCTIONS BASED ON CHILDREN'S LITERATURE WERE PRESENTED FOR YOUNG AUDIENCES. PROGRAMMING FOCUSED ON PROVIDING A VARIETY OF PERFORMING ARTS EXPERIENCES FOR OVER A MILLION STUDENTS AND EDUCATORS IN THE PRE-K THROUGH GRADE 12 WITHIN CLARK COUNTY. PROGRAMMING WAS CONDUCTED ONSITE AND IN THE VENUES THROUGHOUT THE COMMUNITY.

    Expenses $1,568,881 · Revenue $1,193,904

As filed on the 2023 return.

Listed in Part VII

  • Myron G Martin

    CEO

    Total calculated
    $689,835
    From this org
    $675,136
    From related orgs
    $0
    Other
    $14,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $536,028
    Bonus
    $132,250
    Other
    $6,858
    Deferred
    $9,900
    Nontaxable benefits
    $4,799
    Filer's total
    $689,835

  • Richard Darnold

    VICE PRESIDENT/CFO

    Total calculated
    $312,974
    From this org
    $298,250
    From related orgs
    $0
    Other
    $14,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,629
    Bonus
    $52,000
    Other
    $1,621
    Deferred
    $6,738
    Nontaxable benefits
    $7,986
    Filer's total
    $312,974

  • Glenn Medas

    VICE PRESIDENT/COO

    Total calculated
    $290,353
    From this org
    $277,110
    From related orgs
    $0
    Other
    $13,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,937
    Bonus
    $47,380
    Other
    $2,793
    Deferred
    $8,375
    Nontaxable benefits
    $4,868
    Filer's total
    $290,353

  • Suzanne Chabre

    VP OF MARKETING

    Total calculated
    $288,987
    From this org
    $279,582
    From related orgs
    $0
    Other
    $9,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,409
    Bonus
    $47,380
    Other
    $2,793
    Deferred
    $7,009
    Nontaxable benefits
    $2,396
    Filer's total
    $288,987

  • Emma Medas

    VP OF PHILANTHROPY

    Total calculated
    $221,889
    From this org
    $212,462
    From related orgs
    $0
    Other
    $9,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,583
    Bonus
    $28,500
    Other
    $379
    Deferred
    $6,452
    Nontaxable benefits
    $2,975
    Filer's total
    $221,889

  • Canice Schneider

    VP OF EDUCATION

    Total calculated
    $180,918
    From this org
    $168,382
    From related orgs
    $0
    Other
    $12,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,753
    Bonus
    $23,100
    Other
    $2,529
    Deferred
    $3,811
    Nontaxable benefits
    $8,725
    Filer's total
    $180,918

  • John McCoy

    MARKETING DIRECTOR

    Total calculated
    $120,855
    From this org
    $117,259
    From related orgs
    $0
    Other
    $3,596
    Hours/week
    40

  • Carol Hollatz

    PHILANTHROPY DIRECTOR

    Total calculated
    $119,717
    From this org
    $116,048
    From related orgs
    $0
    Other
    $3,669
    Hours/week
    40

  • John Wrote

    TECHINCAL DIRECTOR

    Total calculated
    $118,798
    From this org
    $115,218
    From related orgs
    $0
    Other
    $3,580
    Hours/week
    40

  • Benjamin Bishop

    CONTROLLER

    Total calculated
    $116,504
    From this org
    $113,056
    From related orgs
    $0
    Other
    $3,448
    Hours/week
    40

  • Michelle Brown

    SPONSORSHIPS DIRECTOR

    Total calculated
    $114,444
    From this org
    $112,246
    From related orgs
    $0
    Other
    $2,198
    Hours/week
    40

  • Don Snyder

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Keith Boman

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mark Tratos

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan Feldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Frazier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Betsy Fretwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Haddrill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Halkyard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dana Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd-Avery Lenahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Mactaggart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lark McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Kiser Murphey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Plaster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rory Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Whittemore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shari Wong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Yackira

    Treasurer

    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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NORMAN M FORRESTER TTE

    CRT TRUST · CA · income $0 · assets $9,350,300

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501329349306685

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