Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $687,296

• 1d · Related organizations

  $7,781,659

• 1e · Government grants (contributions)

  $4,808,380

• 1f · All other contributions, gifts and grants

  $4,823,527

• 2a · Program service revenue: TICKET SALES

  total $25,694,472 · related or exempt $25,694,472

• 2b · Program service revenue: BOX OFFICE FEES

  total $5,884,598 · related or exempt $5,884,598

• 2c · Program service revenue: EDUCATION TUITION & PROGRAM FEES

  total $3,767,400 · related or exempt $3,767,400

• 2d · Program service revenue: SERVICE FEE INCOME

  total $1,129,568 · related or exempt $990,753 · unrelated business $94,755 · excluded $44,060

• 2e · Program service revenue: RENT

  total $734,874 · related or exempt $734,874

• 3 · Investment income

  total $902,561 · excluded $902,561

• 7a · Gross sales of assets other than inventory

  securities $6,219,158

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

  securities $5,926,896

• 7c · Gain or loss

  securities $292,262

• 7d · Net gain or loss

  total $292,262 · excluded $292,262

• 8a · Fundraising events: gross income

  $583,937

• 8a · Fundraising events: contributions included on line 1c

  $687,296

• 8b · Fundraising events: direct expenses

  $445,995

• 8c · Net income from fundraising events

  total $137,942 · excluded $137,942

• 10a · Gross sales of inventory

  $4,799,858

• 10b · Cost of goods sold

  $1,490,431

• 10c · Net income from sales of inventory

  total $3,309,427 · related or exempt $2,942,305 · unrelated business $367,122

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $386,454 · program services $386,454

• 3 · Grants to foreign organizations and individuals

  total $50,616 · program services $50,616

• 5 · Compensation of officers, directors and key employees

  total $1,771,905 · program services $468,622 · management and general $1,061,623 · fundraising $241,660

• 7 · Other salaries and wages

  total $11,874,030 · program services $8,478,121 · management and general $2,588,222 · fundraising $807,687

• 8 · Pension plan contributions

  total $797,445 · program services $692,283 · management and general $65,709 · fundraising $39,453

• 9 · Other employee benefits

  total $1,017,405 · program services $792,881 · management and general $143,641 · fundraising $80,883

• 10 · Payroll taxes

  total $1,210,564 · program services $975,574 · management and general $155,015 · fundraising $79,975

• 11b · Fees: legal

  total $119,290 · program services $59,843 · management and general $59,447

• 11c · Fees: accounting

  total $81,767 · management and general $81,767

• 11d · Fees: lobbying

  total $34,000 · fundraising $34,000

• 11f · Fees: investment management

  total $51,570 · management and general $51,570

• 11g · Fees: other

  total $264,483 · program services $71,541 · management and general $154,955 · fundraising $37,987

• 12 · Advertising and promotion

  total $3,768,814 · program services $3,709,132 · fundraising $59,682

• 13 · Office expenses

  total $2,428,345 · program services $1,996,188 · management and general $366,356 · fundraising $65,801

• 14 · Information technology

  total $1,081,779 · program services $275,143 · management and general $806,636

• 16 · Occupancy

  total $1,713,745 · program services $1,713,745

• 17 · Travel

  total $202,668 · program services $165,243 · management and general $35,133 · fundraising $2,292

• 19 · Conferences, conventions and meetings

  total $161,568 · program services $102,964 · management and general $46,873 · fundraising $11,731

• 22 · Depreciation, depletion and amortization

  total $2,038,156 · program services $2,038,156

• 23 · Insurance

  total $690,484 · program services $193,115 · management and general $497,369

• 24a · Other expenses: PRODUCTION EXPENSES

  total $20,538,626 · program services $20,392,533 · management and general $1,734 · fundraising $144,359

• 24b · Other expenses: EMPLOYEE RELATIONS

  total $287,399 · program services $200,892 · management and general $82,572 · fundraising $3,935

• 24c · Other expenses: BAD DEBT EXPENSE

  total $24,540 · program services $6,257 · management and general $18,283

• 24e · All other expenses

  total $407,362 · program services $356,228 · management and general $34,684 · fundraising $16,450

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,814,857 · end of year $2,436,871

• 2 · Savings and temporary cash investments

  beginning of year $14,284,157 · end of year $11,874,926

• 3 · Pledges and grants receivable

  beginning of year $1,895,595 · end of year $730,591

• 4 · Accounts receivable

  beginning of year $460,259 · end of year $514,756

• 8 · Inventories for sale or use

  beginning of year $114,690 · end of year $146,691

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,484,282 · end of year $1,364,251

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

  $63,705,877

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

  $29,528,715

• 10c · Land, buildings and equipment, net

  beginning of year $24,481,541 · end of year $34,177,162

• 11 · Investments: publicly traded securities

  beginning of year $11,798,891 · end of year $12,650,655

• 13 · Investments: program-related

  beginning of year $887,993 · end of year $950,852

• 15 · Other assets

  beginning of year $1,780,664 · end of year $3,673,132

• 17 · Accounts payable and accrued expenses

  beginning of year $2,554,302 · end of year $4,424,003

• 19 · Deferred revenue

  beginning of year $15,517,656 · end of year $13,618,417

• 25 · Other liabilities

  beginning of year $483,758 · end of year $657,969

• 27 · Net assets without donor restrictions

  beginning of year $36,750,411 · end of year $46,112,845

• 28 · Net assets with donor restrictions

  beginning of year $3,696,802 · end of year $3,706,653

The filer's explanations (Part III)

PART I, LINE 1A

DURING THE PERIODS OF 5/16/24-6/13/24, TEMPORARY HOUSING COSTS OF $2,631 WERE INCURRED AND INCLUDED AS PART OF THE TOTAL COO RELOCATION PACKAGE OF $35,000. REIMBURSEMENTS WERE APPROPRIATELY APPROVED, SUBSTANTIATED, AND INCLUDED IN THE COO'S W-2 WAGES FOR CALENDAR YEARS 2024. PRESIDENT & CEO GREG HOLLAND RECEIVES THE BENEFIT OF FIRST-CLASS TRAVEL AND SOCIAL CLUB DUES TO THE STRAZ CENTER TAMPA CLUB. BOTH BENEFITS ARE CONSIDERED BUSINESS EXPENSES AND NOT INCLUDED IN TAXABLE WAGES.

PART I, LINE 5

THE CEO HAS A WRITTEN CONTRACT, WHICH INCLUDES A DISCRETIONARY BONUS CONSIDERATION. NO FORMAL BONUS PROGRAM IS IN PLACE FOR OTHER OFFICERS OR HIGHLY COMPENSATED EMPLOYEES; BONUSES ARE DISCRETIONARY BASED ON THE OVERALL FINANCIAL CONDITION OF THE STRAZ CENTER IN ANY GIVEN YEAR, NOT SPECIFICALLY ON REVENUES. THE DISCRETIONARY BONUSES PAID TO MANAGEMENT OFFICERS AND HIGHLY COMPENSATED EMPLOYEES WERE ACCRUED AS OF FISCAL YEAR END SEPTEMBER 30, 2025 AND PAID IN NOVEMBER 2025.

PART I, LINE 7

IN ACCORDANCE WITH THE CEO'S EMPLOYMENT CONTRACT, THE CEO IS ELIGIBLE TO RECEIVE AN ANNUAL BONUS AS A PERCENTAGE OF BASE COMPENSATION AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE BONUS IS BASED ON REVIEW OF ACHIEVEMENTS OF STRATEGIC AND ANNUAL ORGANIZATIONAL OPERATIONAL AND FINANCIAL GOALS, AS WELL AS COMMUNITY ENGAGEMENT. THE AMOUNT REPORTED IN PART II, COLUMN (B)(II) FOR THE CEO INCLUDES FIXED INCENTIVE COMPENSATION IN ADDITION TO THE NON-FIXED BONUS DESCRIBED ABOVE. FOR OTHER EMPLOYEES, BONUSES ARE ALSO DISCRETIONARY AND ARE EVALUATED ON A YEAR-BY-YEAR BASIS. IF BONUSES ARE DETERMINED TO BE PAID OUT, THEY ARE APPROVED BY THE CEO.

Disregarded entities

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

• BROADWAY GENESIS LLC

  PRODUCTION MANAGEMENT · FL · income $0 · assets $500

  Directly controlled by TAMPA BAY PERFORMING ARTS CENTER INC