Palos Verdes Performing Arts
- Assets
- $4.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Rolling Hills Estates, CA
- Founding
- 07/1978
- Data as of
- 06/2021
- EIN
- 95-3254351
Organization Overview
Palos Verdes Performing Arts is located in Rolling Hills Estates, CA. The organization was established in 1978. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Palos Verdes Performing Arts employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palos Verdes Performing Arts 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 06/2021, Palos Verdes Performing Arts generated $1.3m 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 (13.0%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 6 years. 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 PROVIDE A PERFORMING ARTS CENTER WHICH ENRICHES THE SOUTH BAY COMMUNITY BY FOSTERING THE PERFORMING ARTS THROUGH PROFESSIONAL PERFORMANCES, COMMUNITY USE FOR CULTURAL ACTIVITIES AND THE PROVISION OF EDUCATIONAL AND OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY THEATRE - THE THEATER PROVIDES A VARIETY OF PROGRAMS TO ENRICH AND ENTERTAIN, ALSO HAS OUTREACH PROGRAMS TO BUILD AND MAINTAIN CULTURALLY AWARE AUDIENCES.
EDUCATION - THE ORGANIZATION PROVIDES A VARIETY OF CLASSES IN THE PERFORMING ARTS INCLUDING DANCE, VOICE AND ACTING FOR ALL AGES.
THEATRE/PAVILION RENTALS - AS PART OF OUR COMMUNITY SERVICES WE RENT THE SPACE IN OUR PAVILION AND THEATRE FOR LOCAL GROUPS TO HAVE RECITALS, SHOWS, COMMUNITY CITY FUNCTIONS, AND PARTIES.
SUPPORT GROUP - THE ORGANIZATION, AS A PART OF COMMUNITY OUTREACH, HAS SUPPORT GROUPS THAT PARTICIPATE IN THEATRE, EDUCATIONAL AND SOCIAL ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Moe Reynolds Executive Director | OfficerTrustee | 40 | $175,000 |
Greg Forbess Operations And Technical Director | 40 | $101,691 | |
Abby J Douglass President | OfficerTrustee | 2 | $0 |
David Diestel Corporate Secretary | OfficerTrustee | 1 | $0 |
Steve Moe Vice President | OfficerTrustee | 2 | $0 |
Pam Barrett Hill Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,711 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $822,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,731 |
| Total Program Service Revenue | $369,254 |
| Investment income | $7,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,275,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,120 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,731 |
| Compensation of current officers, directors, key employees. | $26,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,000 |
| Payroll taxes | $91,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,553 |
| Fees for services: Accounting | $21,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,178 |
| Advertising and promotion | $52,167 |
| Office expenses | $10,223 |
| Information technology | $39,721 |
| Royalties | $0 |
| Occupancy | $138,673 |
| Travel | $472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,299 |
| Insurance | $60,721 |
| All other expenses | $5,249 |
| Total functional expenses | $1,497,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,367 |
| Savings and temporary cash investments | $810,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $37,950 |
| Net Land, buildings, and equipment | $2,418,296 |
| Investments—publicly traded securities | $1,051,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,532,997 |
| Accounts payable and accrued expenses | $61,140 |
| Grants payable | $0 |
| Deferred revenue | $727,415 |
| 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 | $54,712 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $330,900 |
| Total liabilities | $1,174,167 |
| Net assets without donor restrictions | $1,701,621 |
| Net assets with donor restrictions | $1,657,209 |
| 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 | $4,532,997 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palos Verdes Performing Arts has recieved totaling $151.
| Awarding Organization | Amount |
|---|---|
Sai Shiva Charitable Tr Rch Palos Vrd, CA PURPOSE: DONATED SO HANDICAP CHILDREN COULD PERFORM DANCE | $151 |
Endowment Analysis
| Beg. Balance | $1,252,349 |
| Earnings | -$200,893 |
| Ending Balance | $1,051,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Old Globe Theatre San Diego, CA | $79,168,056 | $16,473,770 |
Geffen Playhouse Inc Los Angeles, CA | $33,029,635 | $21,063,113 |
Center Theatre Group Of Los Angeles Los Angeles, CA | $93,308,392 | $15,777,431 |
Theatre & Arts Foundation Of San Diego County La Jolla, CA | $96,134,792 | $15,790,250 |
Berkeley Repertory Theatre Berkeley, CA | $78,284,133 | $11,370,014 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Theatreworks Silicon Valley Redwood City, CA | $8,373,819 | $8,187,041 |
South Coast Repertory Inc Costa Mesa, CA | $83,774,342 | $5,710,509 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Theatre For Children Inc Sacramento, CA | $27,810,781 | $2,930,921 |