La Jolla Music Society
- Assets
- $84.4m
- Revenue
- $5.2m
- Investments
- $672.3k
- Employees
- 36
- Location
- La Jolla, CA
- Founding
- 11/1971
- Data as of
- 09/2021
- EIN
- 23-7148171
Organization Overview
La Jolla Music Society is located in La Jolla, CA. The organization was established in 1971. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, LA Jolla Music Society employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Jolla Music Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, LA Jolla Music Society generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $6.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE CULTURAL LIFE AND ENGAGEMENT BY PRESENTING AND PRODUCING A WIDE RANGE OF PROGRAMMING OF THE HIGHEST ARTISTIC QUALITY, AND TO MAKE THE CONRAD PREBYS PERFORMING ARTS CENTER A VIBRANT AND INCLUSIVE HUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONRAD PREBYS PERFORMING ARTS CENTER (THE CONRAD) OPENED IN APRIL 2019 AND IS THE PERMANENT HOME OF LA JOLLA MUSIC SOCIETY (LJMS). LJMS IS THE LARGEST MULTIDISCIPLINARY PRESENTER IN SAN DIEGO AND ANNUALLY PRODUCES A NATIONALLY RECOGNIZED SUMMER FESTIVAL, SUMMERFEST. THE CONRAD HOSTS WORLD CLASS PERFORMANCES PRESENTED BY LJMS AS WELL AS OTHER SAN DIEGO ARTS PRESENTERS.DURING THE 2020-21 SEASON, THE ONGOING CORONAVIRUS PANDEMIC LED TO THE SHUTTERING OF THE CONRAD AND COUNTLESS OTHER VENUES ACROSS THE GLOBE. LJMS WENT FORWARD WITH CREATIVE SOLUTIONS. A SUCCESSFUL GALA WAS HELD ON THE LAWN OF THE LODGE AT TORREY PINES WITH AUDIENCE DISTANCED AND ON HOTEL ROOM BALCONIES. TWO SOCIALLY DISTANCED PERFORMANCES -SOLO PIANO BRUNCH CONCERTS IN THE CONRAD'S COURTYARD BY ERIC LU - WERE HELD IN OCTOBER. LIVESTREAMED CONCERTS REPLACED LIVE PERFORMANCES THROUGH THE SPRING, FOLLOWED BY TWO LIVE SOCIALLY DISTANCED OUTDOOR PERFORMANCES IN JUNE. SUMMERFEST 2021 RESUMED WITH LIVE PERFORMANCES TO MUCH ACCLAIM.LA JOLLA MUSIC SOCIETY'S COMMITMENT TO PRESENTING AND PRODUCING PROGRAMMING OF THE HIGHEST ARTISTIC QUALITY EXTENDS BEYOND THE CONCERT HALL AND INTO ITS WORK IN THE SAN DIEGO COMMUNITY. IN 2020-21, GRAMMY AWARD-WINNING ENSEMBLE THIRD COAST PERCUSSION AND DANCERS FROM MOVEMENT 4 MOVEMENT SERVED AS LA JOLLA MUSIC SOCIETY'S SECOND EDUCATION AMBASSADORS, WORKING WITH SAN DIEGO STUDENTS ON AN INNOVATIVE COMPOSITION AND CHOREOGRAPHY PROJECT, CREATING A NEW WORK TITLED SPRING FLIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johannes Kling Production Manager | 40 | $123,006 | |
Chris Benavides Dir Of Finance (thru 2/2021) | Officer | 40 | $122,930 |
Adam Thurman Director Of Marketing | 40 | $117,001 | |
Ferdinand Gasang Director Of Development | 40 | $114,081 | |
Ted Dedee President & CEO (thru 6/2020) | 40 | $113,200 | |
Leah Rosenthal Artistic Director | 40 | $111,531 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opus 3 Artists Artist Fee | 9/29/19 | $155,324 |
Alvin Ailey Dance Foundation Inc Artist Fee | 9/29/19 | $140,500 |
William Morris Endeavor Entertainme Artist Fee | 9/29/19 | $250,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $940,742 |
| Related organizations | $0 |
| Government grants | $128,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,568,468 |
| Noncash contributions included in lines 1a–1f | $493,002 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,637,754 |
| Total Program Service Revenue | $383,823 |
| Investment income | $145,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,029 |
| Net Gain/Loss on Asset Sales | $43,007 |
| Net Income from Fundraising Events | -$89,786 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,401 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,224,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $262,367 |
| Compensation of current officers, directors, key employees. | $25,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,373,604 |
| Pension plan accruals and contributions | $98,331 |
| Other employee benefits | $140,738 |
| Payroll taxes | $132,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,085 |
| Fees for services: Accounting | $368,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,932 |
| Fees for services: Other | $609,893 |
| Advertising and promotion | $72,053 |
| Office expenses | $174,611 |
| Information technology | $245,939 |
| Royalties | $0 |
| Occupancy | $232,029 |
| Travel | $86,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,485 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,701,967 |
| Insurance | $100,795 |
| All other expenses | $31,594 |
| Total functional expenses | $6,006,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,221,530 |
| Savings and temporary cash investments | $442,982 |
| Pledges and grants receivable | $1,486,449 |
| Accounts receivable, net | $237,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132,380 |
| Net Land, buildings, and equipment | $67,538,242 |
| Investments—publicly traded securities | $10,676,242 |
| Investments—other securities | $672,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,407,602 |
| Accounts payable and accrued expenses | $283,555 |
| Grants payable | $0 |
| Deferred revenue | $428,903 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $363,913 |
| Other liabilities | $0 |
| Total liabilities | $1,076,371 |
| Net assets without donor restrictions | $80,763,545 |
| Net assets with donor restrictions | $2,567,686 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $84,407,602 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that La Jolla Music Society has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Andree D Vail Trust La Jolla, CA PURPOSE: DONATION TO GENERAL FUND | $30,000 |
A S And Elsie Hirshman Charitable Foundation Ui 091796 Boston, MA PURPOSE: GEN. CHARITABLE | $5,000 |
Endowment Analysis
| Beg. Balance | $1,969,463 |
| Earnings | $189,329 |
| Ending Balance | $2,158,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Jolla Music Society La Jolla, CA | $84,407,602 | $5,224,613 |
San Jose Jazz San Jose, CA | $2,593,807 | $3,379,944 |
Jazzbird Foundation Carefree, AZ | $371,107 | $1,611,890 |
Chamber Music Northwest Portland, OR | $8,037,265 | $1,659,889 |
Western International Band Clinic Springfield, OR | $7,625,863 | $1,846,381 |
Kuumbwa Jazz Society Santa Cruz, CA | $2,565,296 | $1,676,350 |
Trione Family Foundation Santa Rosa, CA | $6,746 | $1,100,846 |
Southern California School Band And Orchestra Association Vista, CA | $425,330 | $770,699 |
Arizona Friends Of Chamber Music Tucson, AZ | $1,259,691 | $434,592 |
Imago The Theatre Mask Ensemble Portland, OR | $818,955 | $560,947 |
Pacific Resident Theatre Ensemble Venice, CA | $434,690 | $650,253 |
Note-Able Music Therapy Services Reno, NV | $540,745 | $726,039 |