Lensic Performing Arts Center Corporation
- Assets
- $15.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 59
- Location
- Santa Fe, NM
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 85-0448396
Organization Overview
Lensic Performing Arts Center Corporation is located in Santa Fe, NM. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Lensic Performing Arts Center Corporation employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lensic Performing Arts Center Corporation 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 12/2021, Lensic Performing Arts Center Corporation generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HISTORIC LENSIC THEATER PROVIDES A VENUE FOR MUSIC, THEATER, DANCE, AND OTHER ART FORMS.
Describe the Organization's Program Activity:
THE ORGANIZATION MAINTAINS AND OPERATES THE HISTORIC LENSIC THEATER WHICH FUNCTIONS YEAR-ROUND. DUE TO THE COVID-19 PANDEMIC AND STATE-MANDATED RESTRICTIONS ON INDOOR MASS GATHERINGS, THE LENSIC HAD TO CANCEL ALL LIVE PERFORMANCES FROM MARCH 13, 2020 THROUGH JUNE 16, 2021. FOR THE FIRST HALF OF 2021 THE LENSIC, UNABLE TO PRESENT LIVE SHOWS, CONTINUED A DIGITAL FORMAT. IN ADDITION, THE ORGNANIZATION UNDERTOOK SOME MAJOR REPAIR AND REPLACEMENT PROJECTS AND DEEP-CLEANED THE ENTIRE FACILITY.
THE LENSIC'S TOURING ARTISTS PRESENTATIONS - SINCE 2001, THE LENSIC PERFORMING ARTS CENTER HAS PRESENTED AND PRODUCED PERFORMANCES OF ARTISTS FROM AROUND THE WORLD. THE LENSIC'S YEAR-ROUND PROGRAMMING IS INTEGRAL TO FULFILLING THE ORGANIZATIONAL MISSION BY PRESENTING A WIDE-RANGING, DIVERSE SERIES OF PROGRAMS AND ARTISTS. PROGRAMS INCLUDE POPULAR CONCERTS, DANCE EVENTS, WORLD MUSIC, JAZZ, CLASSICAL MUSIC, COMEDY, AND FAMILY AND FAMILY-FRIENDLY PROGRAMMING. IN 2021, 76 EVENTS (INCLUDING 8 HELD OUTSIDE THE LENSIC THEATRE) AND 17 RECORDED AND LIVESTREAM EVENTS WERE PRESENTED.
THE LENSIC'S YOUTH IN THE PERFORMING ARTS EDUCATION PROGRAM - THE LENSIC'S YOUTH IN THE PERFORMING ARTS EDUCATION PROGRAM HAS HAD A TWENTY-YEAR RELATIONSHIP WITH THE PUBLIC SCHOOLS TO BRING ELEMENTARY SCHOOL CHILDREN TO DAYTIME PERFORMANCES, PROVIDING WHAT IS FOR MANY CHILDREN THEIR FIRST THEATER EXPERIENCE. THE THEATER RUNS A TECHNICAL APPRENTICESHIP PROGRAM FOR LOCAL HIGH-SCHOOL YOUTH, WHICH PROVIDES SUMMER EMPLOYMENT OPPORTUNITIES TO THE PROGRAM'S GRADUATES. THE EDUCATION PROGRAM, FUTURE VOICES OF NEW MEXICO, ALSO INCLUDES AN ANNUAL FILM AND PHOTOGRAPHY COMPETITION FOR HIGH SCHOOL STUDENTS ACROSS THE STATE. IN 2021, 50 NEW MEXICO SCHOOLS VIEWED THE VIRTUAL EDUCATION EVENTS, SERVING MORE THAN 13,500 K-12 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Aalberts Executive Director | Officer | 40 | $197,997 |
Laura Acquaviva Managing Director | Officer | 40 | $111,538 |
Aggie Damron-Garner Finance Director | Officer | 40 | $66,500 |
Matthew Bonifer Finance Director | Officer | 40 | $19,039 |
Nancy Zeckendorf Chair, Founding Director | OfficerTrustee | 20 | $0 |
Karen Durkovich Vice President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,505,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,824,284 |
| Noncash contributions included in lines 1a–1f | $142,321 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,329,583 |
| Total Program Service Revenue | $658,879 |
| Investment income | $154,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,001 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,156,320 |
| 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. | $444,601 |
| Compensation of current officers, directors, key employees. | $114,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $863,722 |
| Pension plan accruals and contributions | $25,102 |
| Other employee benefits | $48,678 |
| Payroll taxes | $87,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,289 |
| Fees for services: Accounting | $34,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,694 |
| Advertising and promotion | $83,942 |
| Office expenses | $107,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,865 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,182 |
| Insurance | $0 |
| All other expenses | $15,127 |
| Total functional expenses | $2,887,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,588,883 |
| Savings and temporary cash investments | $248,797 |
| Pledges and grants receivable | $2,504,139 |
| Accounts receivable, net | $44,590 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,897 |
| Prepaid expenses and deferred charges | $1,574 |
| Net Land, buildings, and equipment | $3,202,500 |
| Investments—publicly traded securities | $6,926,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480,008 |
| Total assets | $15,012,313 |
| Accounts payable and accrued expenses | $751,649 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $751,649 |
| Net assets without donor restrictions | $6,460,489 |
| Net assets with donor restrictions | $7,800,175 |
| 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 | $15,012,313 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lensic Performing Arts Center Corporation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Hutson Wiley And Echevarria Foundation Inc Coral Gables, FL PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $4,766,173 |
| Earnings | $441,039 |
| Admin Expense | $43,082 |
| Net Contributions | $887,536 |
| Other Expense | $15,107 |
| Ending Balance | $6,036,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Forever Young Foundation Bountiful, UT | $7,150,368 | $5,097,036 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |
Crow Family Foundation Inc Dallas, TX | $48,525 | $3,503 |