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Nonprofiteer
← THE SMITH CENTER FOR THE PERFORMING ARTS

Form 990 for tax year 2022

Filed by THE SMITH CENTER FOR THE PERFORMING ARTS.

Totals

Total revenue
$44,763,419
Total expenses
$45,865,586
Contributions and grants received
$8,040,263
Grants paid
$120,000
Program service revenue
$32,107,385
Investment income
$2,277,393
Other revenue
$2,338,378
Total assets, end of year
$434,584,191
Total liabilities, end of year
$44,469,202
Net assets or fund balances, end of year
$390,114,989
Program services expenses (Part IX)
$34,589,482
Management and general expenses
$8,443,785
Fundraising expenses
$2,832,319
Program service expenses (Part III)
$34,589,482

Program services were 75.4% 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.

  • 1f · All other contributions, gifts and grants

    $8,040,263

  • 1g · Noncash contributions included above

    $1,135,403

  • 2a · Program service revenue: TICKET REVENUE

    total $28,941,028 · related or exempt $28,941,028

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

    total $1,816,737 · related or exempt $1,816,737

  • 2c · Program service revenue: CONCESSION REVENUE

    total $808,513 · related or exempt $808,513

  • 2d · Program service revenue: COMMISSION REVENUE

    total $385,709 · unrelated business $385,709

  • 2e · Program service revenue: MERCHANDISE REVENUE

    total $155,398 · related or exempt $155,398

  • 3 · Investment income

    total $1,697,385 · excluded $1,697,385

  • 6a · Gross rents

    real property $2,338,378

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,338,378

  • 6d · Net rental income or loss

    total $2,338,378 · unrelated business $753,163 · excluded $1,585,215

  • 7a · Gross sales of assets other than inventory

    securities $5,014,259

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

    securities $4,146,314 · other assets $287,937

  • 7c · Gain or loss

    securities $867,945 · other assets -$287,937

  • 7d · Net gain or loss

    total $580,008 · excluded $580,008

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 2 · Grants to domestic individuals

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $1,540,333 · program services $709,889 · management and general $687,706 · fundraising $142,738

  • 7 · Other salaries and wages

    total $7,742,624 · program services $5,146,023 · management and general $2,097,180 · fundraising $499,421

  • 9 · Other employee benefits

    total $1,382,783 · program services $988,379 · management and general $318,155 · fundraising $76,249

  • 10 · Payroll taxes

    total $718,312 · program services $487,185 · management and general $189,121 · fundraising $42,006

  • 11a · Fees: management

    total $92,737 · program services $5,110 · management and general $87,627

  • 11b · Fees: legal

    total $15,029 · program services $4,370 · management and general $10,659

  • 11c · Fees: accounting

    total $94,075 · management and general $94,075

  • 12 · Advertising and promotion

    total $1,483,927 · program services $1,131,512 · management and general $242,858 · fundraising $109,557

  • 13 · Office expenses

    total $1,335,727 · program services $930,520 · management and general $397,294 · fundraising $7,913

  • 14 · Information technology

    total $147,222 · program services $12,020 · management and general $135,202

  • 17 · Travel

    total $86,020 · program services $23,910 · management and general $55,013 · fundraising $7,097

  • 22 · Depreciation, depletion and amortization

    total $5,869,154 · program services $4,416,627 · management and general $1,089,664 · fundraising $362,863

  • 23 · Insurance

    total $395,978 · program services $134,913 · management and general $261,065

  • 24a · Other expenses: PRODUCTION COSTS

    total $22,138,153 · program services $19,050,113 · management and general $1,522,776 · fundraising $1,565,264

  • 24b · Other expenses: UTILITIES

    total $918,283 · program services $855,748 · management and general $62,535

  • 24c · Other expenses: SUPPLIES

    total $347,391 · program services $252,841 · management and general $93,757 · fundraising $793

  • 24d · Other expenses: SERVICE CONTRACT

    total $231,702 · program services $215,923 · management and general $15,779

  • 24e · All other expenses

    total $1,206,136 · program services $104,399 · management and general $1,083,319 · fundraising $18,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,595,018 · end of year $809,140

  • 2 · Savings and temporary cash investments

    beginning of year $5,907,890 · end of year $12,604,230

  • 3 · Pledges and grants receivable

    beginning of year $368,397 · end of year $1,591,105

  • 4 · Accounts receivable

    beginning of year $349,296 · end of year $366,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $971,838 · end of year $294,739

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

    $384,095,102

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

    $84,027,446

  • 10c · Land, buildings and equipment, net

    beginning of year $305,293,370 · end of year $300,067,656

  • 11 · Investments: publicly traded securities

    beginning of year $85,899,210 · end of year $99,724,384

  • 12 · Investments: other securities

    beginning of year $9,774,656

  • 15 · Other assets

    beginning of year $18,183,380 · end of year $19,126,305

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,301,933 · end of year $2,355,030

  • 19 · Deferred revenue

    beginning of year $14,862,931 · end of year $11,869,008

  • 25 · Other liabilities

    beginning of year $30,433,356 · end of year $30,245,164

  • 27 · Net assets without donor restrictions

    beginning of year $107,629,899 · end of year $110,027,570

  • 28 · Net assets with donor restrictions

    beginning of year $279,114,936 · end of year $280,087,419

Mission and programs · 2022

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 $33,629,242 · Revenue $30,407,027

  • 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 PRE-K THROUGH GRADE 12 WITHIN CLARK COUNTY. PROGRAMMING WAS CONDUCTED ONSITE AND IN THE VENUES THROUGHOUT THE COMMUNITY.

    Expenses $960,240 · Grants $120,000 · Revenue $1,314,649

As filed on the 2022 return.

Listed in Part VII

  • Don Snyder

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Keith Boman

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Scott Mactaggart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan Feldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Halkyard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Plaster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Tratos

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Todd-Avery Lenahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rory Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Wittemore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lark McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Frazier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randy Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Haddrill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Yackira

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Betsy Fretwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dana Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elaine Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shari Wong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Kiser Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Myron G Martin

    PRESIDENT/CEO

    Total calculated
    $693,147
    From this org
    $648,863
    From related orgs
    $0
    Other
    $44,284
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $520,169
    Bonus
    $125,000
    Other
    $3,694
    Deferred
    $29,650
    Nontaxable benefits
    $14,634
    Filer's total
    $693,147

  • Suzanne Chabre

    VP OF MARKETING

    Total calculated
    $278,603
    From this org
    $259,611
    From related orgs
    $0
    Other
    $18,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,669
    Bonus
    $32,251
    Other
    $2,691
    Deferred
    $6,300
    Nontaxable benefits
    $12,692
    Filer's total
    $278,603

  • Glenn Medas

    VICE PRESIDENT/COO

    Total calculated
    $271,647
    From this org
    $260,072
    From related orgs
    $0
    Other
    $11,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,130
    Bonus
    $32,251
    Other
    $2,691
    Deferred
    $7,243
    Nontaxable benefits
    $4,332
    Filer's total
    $271,647

  • Candice Schneider

    VP OF EDUCATION/OUTREACH

    Total calculated
    $188,870
    From this org
    $157,067
    From related orgs
    $0
    Other
    $31,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,516
    Bonus
    $14,130
    Other
    $2,421
    Deferred
    $3,937
    Nontaxable benefits
    $27,866
    Filer's total
    $188,870

  • Richard Darnold

    VICE PRESIDENT/CFO (AS OF 7/30/22)

    Total calculated
    $63,357
    From this org
    $55,608
    From related orgs
    $0
    Other
    $7,749
    Hours/week
    40

  • Emma Medas

    VP OF PHILANTRHOPY

    Total calculated
    $164,328
    From this org
    $139,161
    From related orgs
    $0
    Other
    $25,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,995
    Bonus
    $0
    Other
    $166
    Deferred
    $4,277
    Nontaxable benefits
    $20,890
    Filer's total
    $164,328

  • John D McCoy

    SR. DIRECTOR OF MARKETING

    Total calculated
    $128,792
    From this org
    $111,038
    From related orgs
    $0
    Other
    $17,754
    Hours/week
    40

  • Michelle Brown

    DIRECTOR CORPORATE SPONSORSHIP

    Total calculated
    $128,397
    From this org
    $109,708
    From related orgs
    $0
    Other
    $18,689
    Hours/week
    40

  • Robert Stanley

    ASSOCIATE HEAD CARPENTER

    Total calculated
    $124,491
    From this org
    $110,581
    From related orgs
    $0
    Other
    $13,910
    Hours/week
    40

  • John Wrote

    HEAD AUDIO ENGINEER

    Total calculated
    $124,072
    From this org
    $108,032
    From related orgs
    $0
    Other
    $16,040
    Hours/week
    40

  • John Burnett

    FORMER VICE PRESIDENT/CFO

    Total calculated
    $188,510
    From this org
    $186,108
    From related orgs
    $0
    Other
    $2,402
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $167,017
    Bonus
    $18,852
    Other
    $239
    Deferred
    $2,016
    Nontaxable benefits
    $386
    Filer's total
    $188,510

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 $7,796,371

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202431309349304973

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