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Nonprofiteer
← TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by TAMPA BAY PERFORMING ARTS CENTER FOUNDATION INC.

Totals

Total revenue
$13,317,785
Total expenses
$4,793,530
Contributions and grants received
$12,010,914
Grants paid
$3,789,601
Program service revenue
$0
Investment income
$1,306,871
Other revenue
$0
Total assets, end of year
$60,473,986
Total liabilities, end of year
$624,554
Net assets or fund balances, end of year
$59,849,432
Program services expenses (Part IX)
$3,789,601
Management and general expenses
$708,210
Fundraising expenses
$295,719
Program service expenses (Part III)
$3,789,601

Program services were 79.1% 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)

    $4,112,368

  • 1f · All other contributions, gifts and grants

    $7,898,546

  • 1g · Noncash contributions included above

    $168,994

  • 3 · Investment income

    total $1,466,580 · excluded $1,466,580

  • 7a · Gross sales of assets other than inventory

    securities $13,293,452

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

    securities $13,453,161

  • 7c · Gain or loss

    securities -$159,709

  • 7d · Net gain or loss

    total -$159,709 · excluded -$159,709

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,789,601 · program services $3,789,601

  • 7 · Other salaries and wages

    total $162,624 · fundraising $162,624

  • 8 · Pension plan contributions

    total $9,228 · fundraising $9,228

  • 9 · Other employee benefits

    total $9,600 · fundraising $9,600

  • 10 · Payroll taxes

    total $11,933 · fundraising $11,933

  • 11b · Fees: legal

    total $8,647 · management and general $8,647

  • 11c · Fees: accounting

    total $19,806 · management and general $19,806

  • 11d · Fees: lobbying

    total $72,000 · fundraising $72,000

  • 11f · Fees: investment management

    total $236,744 · management and general $236,744

  • 11g · Fees: other

    total $447,271 · management and general $433,952 · fundraising $13,319

  • 13 · Office expenses

    total $15,777 · management and general $5,725 · fundraising $10,052

  • 16 · Occupancy

    total $3,336 · management and general $3,336

  • 19 · Conferences, conventions and meetings

    total $773 · fundraising $773

  • 24a · Other expenses: RESEARCH EXPENSE

    total $6,190 · fundraising $6,190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,746 · end of year $2,334

  • 2 · Savings and temporary cash investments

    beginning of year $1,673,964 · end of year $4,922,504

  • 3 · Pledges and grants receivable

    beginning of year $5,297,865 · end of year $10,388,779

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,094 · end of year $4,198

  • 11 · Investments: publicly traded securities

    beginning of year $41,366,405 · end of year $44,324,887

  • 15 · Other assets

    beginning of year $789,336 · end of year $831,284

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,600 · end of year $35,543

  • 25 · Other liabilities

    beginning of year $1,405,264 · end of year $589,011

  • 27 · Net assets without donor restrictions

    beginning of year $16,823,573 · end of year $17,906,601

  • 28 · Net assets with donor restrictions

    beginning of year $30,899,973 · end of year $41,942,831

Mission and programs · 2022

Mission

THE FOUNDATION IS ORGANIZED AS A SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF TAMPA BAY PERFORMING ARTS CENTER, INC. DBA DAVID A. STRAZ JR CENTER FOR THE PERFORMING ARTS ("CENTER OR "STRAZ CENTER"). SEE SCHEDULE O FOR EXPANDED MISSION.

Activities or mission (Part I)

SUPPORTING ORGANIZATION DEDICATED TO THE BENEFIT OF TAMPA BAY PERFORMING ARTS CENTER, INC.

  • IN FISCAL YEAR 2022/2023, THE TAMPA BAY PERFORMING ARTS CENTER FOUNDATION, INC. (THE "FOUNDATION") CARRIED OUT ITS MISSION IN SUPPORTING THE TAMPA BAY PERFORMING ARTS CENTER, INC. DBA DAVID A. STRAZ JR CENTER FOR THE PERFORMING ARTS (THE "CENTER OR "STRAZ CENTER") THROUGH DISBURSEMENT OF (A) APPROVED SPENDING POLICY DISTRIBUTION GRANTS AND (B) GRANTS OF GIFTS RECEIVED FROM OTHER FOUNDATIONS TO SUPPORT CENTER EDUCATION AND OPERA PROGRAMS, ARTISTIC INITIATIVES, FACILITY IMPROVEMENTS AND GENERAL OPERATIONS.(CONTINUED ON SCHEDULE O)SPENDING POLICY DISTRIBUTIONS ARE BASED ON THE RELATED ESTABLISHED BOARD POLICY TO PROVIDE A CONSISTENT PROCESS TO MOVE FUNDS FROM THE ENDOWMENT TO OPERATING FUNDS ON AN ANNUAL OR APPROVED BASIS. GIFTS RECEIVED BY THE FOUNDATION AND TRANSFERRED TO THE CENTER FROM OTHER FOUNDATIONS ARE APPROVED BY THE FOUNDATION BOARD OR PER DONOR REQUEST.

    Expenses $1,758,000 · Grants $1,758,000

  • IN FISCAL YEAR 2022/2023, THE FOUNDATION ALSO CARRIED OUT ITS MISSION IN SUPPORTING THE CENTER THROUGH A SPENDING POLICY DISTRIBUTION FROM ITS ENDOWMENT ASSETS AT THE COMMUNITY FOUNDATION TAMPA BAY.

    Expenses $198,660 · Grants $198,660

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,832,941 · Grants $1,832,941

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Gregory Holland

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $164,382
    From this org
    $0
    From related orgs
    $161,932
    Other
    $2,450
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,265 related
    Bonus
    $0
    Other
    $0 + $36,667 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,450 related
    Filer's total
    $0 + $164,382 related

  • Ad Sandy MacKinnon

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Troy Atlas

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Don Defosset

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helen Kerr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Kirckland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stanley Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Judith Lisi

    DIRECTOR (FORMER CEO THRU 9/30/22)

    Total calculated
    $970,897
    From this org
    $0
    From related orgs
    $925,748
    Other
    $45,149
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $761,397 related
    Bonus
    $0 + $163,887 related
    Other
    $0 + $464 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $20,749 related
    Filer's total
    $0 + $970,897 related

  • Gene McNichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Morsani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Frank J 'Sandy' Rief III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Sasso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Martin Silbiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Keebler J Straz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mary Beth Rossi

    CHIEF ADMIN & FINANCIAL OFFICER

    Total calculated
    $317,769
    From this org
    $0
    From related orgs
    $271,123
    Other
    $46,646
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,682 related
    Bonus
    $0 + $13,925 related
    Other
    $0 + $516 related
    Deferred
    $0 + $21,489 related
    Nontaxable benefits
    $0 + $25,157 related
    Filer's total
    $0 + $317,769 related

  • Lorrin Shepard

    CHIEF OPERATING OFFICER

    Total calculated
    $279,203
    From this org
    $0
    From related orgs
    $245,726
    Other
    $33,477
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,077 related
    Bonus
    $0 + $13,925 related
    Other
    $0 + $724 related
    Deferred
    $0 + $19,053 related
    Nontaxable benefits
    $0 + $14,424 related
    Filer's total
    $0 + $279,203 related

  • Julie Britton

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $213,734
    From this org
    $0
    From related orgs
    $187,825
    Other
    $25,909
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,108 related
    Bonus
    $0 + $13,925 related
    Other
    $0 + $792 related
    Deferred
    $0 + $14,198 related
    Nontaxable benefits
    $0 + $11,711 related
    Filer's total
    $0 + $213,734 related

  • Christopher Harrell

    DIRECTOR MAJOR & PLANNED GIVING

    Total calculated
    $125,271
    From this org
    $0
    From related orgs
    $109,342
    Other
    $15,929
    Hours/week
    40

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

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION'S CEO IS COMPENSATED BY TAMPA BAY PERFORMING ARTS CENTER, INC. (CENTER), A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R). THE CENTER USES THE FOLLOWING IN ESTABLISHING COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
28 May 2024
IRS schema version
2022v5.0
Source object
202411559349301371

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