Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,835,226

• 2a · Program service revenue: Production program

  total $27,013,294 · related or exempt $27,013,294

• 2b · Program service revenue: Hobby Center usage fees

  total $10,158,164 · related or exempt $10,158,164

• 2c · Program service revenue: Patron donor benefits

  total $94,051 · related or exempt $94,051

• 3 · Investment income

  total $356,006 · excluded $356,006

• 6a · Gross rents

  real property $2,034,746

• 6b · Less rental expenses

  real property $1,654,010

• 6c · Rental income or loss

  real property $380,736

• 6d · Net rental income or loss

  total $380,736 · excluded $380,736

• 7a · Gross sales of assets other than inventory

  securities $3,375,804

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

  securities $3,366,552

• 7c · Gain or loss

  securities $9,252

• 7d · Net gain or loss

  total $9,252 · excluded $9,252

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $963,729 · program services $206,619 · management and general $674,463 · fundraising $82,647

• 7 · Other salaries and wages

  total $3,118,532 · program services $2,513,478 · management and general $537,526 · fundraising $67,528

• 8 · Pension plan contributions

  total $137,430 · program services $110,210 · management and general $19,504 · fundraising $7,716

• 9 · Other employee benefits

  total $274,652 · program services $203,796 · management and general $41,233 · fundraising $29,623

• 10 · Payroll taxes

  total $249,621 · program services $162,416 · management and general $77,367 · fundraising $9,838

• 11b · Fees: legal

  total $27,698 · management and general $27,698

• 11c · Fees: accounting

  total $47,562 · management and general $47,562

• 11f · Fees: investment management

  total $53,892 · management and general $53,892

• 11g · Fees: other

  total $2,113,441 · program services $1,919,634 · management and general $189,829 · fundraising $3,978

• 12 · Advertising and promotion

  total $1,896,008 · management and general $1,883,955 · fundraising $12,053

• 13 · Office expenses

  total $507,912 · program services $374,361 · management and general $130,358 · fundraising $3,193

• 14 · Information technology

  total $172,497 · program services $165,598 · management and general $5,175 · fundraising $1,724

• 16 · Occupancy

  total $1,002,521 · program services $959,138 · management and general $32,537 · fundraising $10,846

• 17 · Travel

  total $142,165 · program services $80,654 · management and general $24,777 · fundraising $36,734

• 19 · Conferences, conventions and meetings

  total $3,437 · program services $2,420 · management and general $125 · fundraising $892

• 20 · Interest

  total $136,911 · program services $132,563 · management and general $3,048 · fundraising $1,300

• 22 · Depreciation, depletion and amortization

  total $2,087,385 · program services $2,003,890 · management and general $62,622 · fundraising $20,873

• 23 · Insurance

  total $754,476 · program services $726,825 · management and general $20,738 · fundraising $6,913

• 24a · Other expenses: Performance fees

  total $21,392,384 · program services $20,944,827 · management and general $447,557

• 24b · Other expenses: Production expenses

  total $1,845,817 · program services $1,845,817

• 24c · Other expenses: Repairs & maintenance

  total $375,420 · program services $365,647 · management and general $7,329 · fundraising $2,444

• 24d · Other expenses: Misc Sarofim / Event

  total $299,016 · program services $299,016

• 24e · All other expenses

  total $369,493 · program services $358,869 · management and general $8,307 · fundraising $2,317

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,564 · end of year $5,716

• 2 · Savings and temporary cash investments

  beginning of year $2,683,374 · end of year $4,447,981

• 3 · Pledges and grants receivable

  beginning of year $6,201,619 · end of year $5,396,158

• 4 · Accounts receivable

  beginning of year $390,427 · end of year $239,677

• 9 · Prepaid expenses and deferred charges

  beginning of year $607,012 · end of year $628,995

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

  $90,559,902

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

  $35,080,002

• 10c · Land, buildings and equipment, net

  beginning of year $57,142,295 · end of year $55,479,900

• 11 · Investments: publicly traded securities

  beginning of year $13,282,589 · end of year $15,364,164

• 15 · Other assets

  beginning of year $0 · end of year $34,327

• 17 · Accounts payable and accrued expenses

  beginning of year $1,330,646 · end of year $1,045,229

• 19 · Deferred revenue

  beginning of year $978,155 · end of year $986,742

• 20 · Tax-exempt bond liabilities

  beginning of year $5,077,800 · end of year $4,405,534

• 25 · Other liabilities

  beginning of year $3,112,550 · end of year $2,854,165

• 27 · Net assets without donor restrictions

  beginning of year $69,198,000 · end of year $71,338,799

• 28 · Net assets with donor restrictions

  beginning of year $616,729 · end of year $966,449

The filer's explanations (Part III)

Part I, Line 7

The Hobby Center Board of Directors has established a methodology to consider bonus compensation for the President/CEO, and the President/CEO follows an established methodology for considering bonus compensation for other officials and highly compensated persons with final compensation reviewed and approved by the Executive Committee of the Board.