Foundation For The Performing Arts Center

Organization Overview

Foundation For The Performing Arts Center is located in San Luis Obispo, CA. The organization was established in 1987. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Foundation For The Performing Arts Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Performing Arts Center 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 06/2022, Foundation For The Performing Arts Center generated $900.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AND PROMOTE AN EXTRAORDINARY AND ACCESSIBLE CENTER FOR THE PERFORMING ARTS THAT ELEVATES THE ARTS IN OUR COMMUNITY. TOGETHER FOUNDATION MEMBERS, WITH OUR PARTNERS, THE CITY OF SAN LUIS OBISPO AND CAL POLY, PROVIDE MORE THAN HALF OF THE CENTER'S $3.1 MILLION BUDGET. THESE CONTRIBUTIONS KEEP THE HALL ACCESSIBLE AND AFFORDABLE AND:1) BRING 9,000 CHILDREN TO SCHOOL ADMISSION-FREE SCHOOL MATINEES;2) PROVIDE LOCAL ARTS GROUPS WITH A 75% DISCOUNT ON CENTER RENTAL RATES;3) GIVE THE OPPORTUNITY TO 6,000 YOUNG ARTISTS WHO HAD A CHANCE TO PERFORM ON A WORLD-CLASS STAGE; AND 4) KEEP THE CENTER LIKE-NEW AND STATE-OF-THE-ART

Describe the Organization's Program Activity:

Part 3 - Line 4a

AMOUNTS PAID ON BEHALF OF SAN LUIS OBISPO PERFORMING ARTS CENTER FOR PROGRAM EXPENSES, CENTER OPERATION EXPENSES, INTEREST EXPENSE, FURNISHINGS AND EQUIPMENT PURCHASES.


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Board, Officers & Key Employees

Name (title)Compensation
Joey Leslie
President
$0
Morgen Houlis
Treasurer
$0
Maryellen Simkins
Secretary
$0
Trudie Safreno
Vice President
$0
Skye Christakos
Director
$0
Nicole Mainini
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $44,100
All other contributions, gifts, grants, and similar amounts not included above$674,439
Noncash contributions included in lines 1a–1f $50,859
Total Revenue from Contributions, Gifts, Grants & Similar$718,539
Total Program Service Revenue$0
Investment income $181,733
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $900,272

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Foundation For The Performing Arts Center has recieved totaling $122,410.

Awarding OrganizationAmount
Community Foundation San Luis Obispo County

San Luis Obispo, CA

PURPOSE: UNRESTRICTED,TO SUPPORT THE LIVE RECORDING CAPABILITY PROJECT OF THE PAC,PERFORMING ARTS CENTER SCHOOL MATINEE PROGRAM

$45,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$41,431
Richard J Weyhrich Charitable Tr

San Luis Obispo, CA

PURPOSE: TO HELP PROVIDE AND PROMOTE AN EXTRAORDINARY AND ACCESSIBLE CENTER FOR THE PERFORMING ARTS

$14,717
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$8,250
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$5,000
Niner Foundation Inc

Jackson, WY

PURPOSE: SUPPORT OF ORGANIZATION

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,909,860
Earnings$1,111,116
Net Contributions$500,000
Ending Balance$8,520,976

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