Santa Barbara Center For The Performing Arts Inc
- Assets
- $116.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 117
- Location
- Santa Barbara, CA
- Founding
- 01/1984
- Data as of
- 06/2021
- EIN
- 95-3847102
Organization Overview
Santa Barbara Center For The Performing Arts Inc, operating under the name The Granada Theatre, is located in Santa Barbara, CA. The organization was established in 1984. 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 06/2021, Granada Theatre employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granada Theatre 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, Granada Theatre generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $4.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) 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
DEVELOP AND OPERATE A MAJOR PERFORMING ARTS CENTER IN SANTA BARBARA, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATIONS: THE SANTA BARBARA CENTER FOR THE PERFORMING ARTS OWNS AND OPERATES THE GRANADA THEATRE, A 1,553-SEAT, FULLY-RENOVATED HISTORIC THEATRE LOCATED IN DOWNTOWN SANTA BARBARA. GRANADA THEATRE CONCERT SERIES PERFORMANCES FEATURE A WIDE VARIETY OF TOP-LEVEL PERFORMERS AND ATTRACTIONS FROM AROUND THE WORLD.
SEE SCHEDULE O.
RENTAL OPERATIONS: THE GRANADA HOSTS EIGHT OUTSTANDING RESIDENT COMPANIES, INCLUDING THE SANTA BARBARA SYMPHONY, OPERA SANTA BARBARA, STATE STREET BALLET, COMMUNITY ARTS MUSIC ASSOCIATION (CAMA), UCSB ARTS & LECTURES, SANTA BARBARA CHORAL SOCIETY, MUSIC ACADEMY OF THE WEST AND BROADWAY SHOW PRESENTER, AMERICAN THEATRE GUILD. OTHER PRESENTERS, INCLUDING GOLDEN VOICE AND LIVE NATION BRING ADDITIONAL EXCITING PERFORMERS AND ACTS TO THE GRANADA STAGE. THE GRANADA STAGE ALSO FEATURES EVENTS PRESENTED BY MANY OF THE AREA'S LOCAL NONPROFITS AND THE MCCUNE FOUNDERS ROOM OFFERS A UNIQUE SETTING FOR PERFORMANCES, WEDDINGS, MEETINGS AND SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackson Palmer Jr Chair/executive Chair | OfficerTrustee | 40 | $182,372 |
Rager Caren Executive Director & Presi | Officer | 40 | $164,008 |
Slater Debbie Controller | Officer | 40 | $112,766 |
David Johnson Vice President Development | 40 | $100,806 | |
Burnham Dan Immediate Past Chair | OfficerTrustee | 1 | $0 |
Griffin Roberta Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tessitura Network Inc Hosted Software | 6/29/16 | $107,758 |
Cio Solutions It Services | 6/29/16 | $102,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,000 |
| Related organizations | $0 |
| Government grants | $937,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,239,272 |
| Noncash contributions included in lines 1a–1f | $67,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,212,937 |
| Total Program Service Revenue | $404,808 |
| Investment income | $3,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,620,233 |
| 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. | $529,687 |
| Compensation of current officers, directors, key employees. | $272,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $559,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,530 |
| Payroll taxes | $80,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,651 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,135 |
| Advertising and promotion | $35,535 |
| Office expenses | $11,826 |
| Information technology | $94,098 |
| Royalties | $0 |
| Occupancy | $358,066 |
| Travel | $2,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $297,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,543,521 |
| Insurance | $83,506 |
| All other expenses | $9,375 |
| Total functional expenses | $4,223,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,371,061 |
| Savings and temporary cash investments | $4,215 |
| Pledges and grants receivable | $70,568,945 |
| 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 | $104,759 |
| Net Land, buildings, and equipment | $41,819,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $75,898 |
| Other assets | $400,000 |
| Total assets | $116,344,118 |
| Accounts payable and accrued expenses | $1,263,344 |
| Grants payable | $0 |
| Deferred revenue | $204,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,798,402 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,500,000 |
| Other liabilities | $0 |
| Total liabilities | $18,766,246 |
| Net assets without donor restrictions | $25,470,769 |
| Net assets with donor restrictions | $72,107,103 |
| 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 | $116,344,118 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Santa Barbara Center For The Performing Arts Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO GRANADA THEATER | $10,000 |
Endowment Analysis
| Beg. Balance | $55,345,603 |
| Earnings | -$1,477,637 |
| Ending Balance | $53,867,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Cultural Center Inc Palm Desert, CA | $48,047,897 | $20,407,526 |
The Smith Center For The Performing Arts Las Vegas, NV | $427,449,516 | $12,755,870 |
Luther Burbank Memorial Foundation Santa Rosa, CA | $31,726,314 | $16,161,291 |
Intersection For The Arts San Francisco, CA | $6,218,196 | $5,728,383 |
Santa Barbara Center For The Performing Arts Inc Santa Barbara, CA | $116,344,118 | $4,620,233 |
Lobero Theatre Foundation Santa Barbara, CA | $11,390,447 | $5,213,777 |
Paramount Theatre Of The Arts Inc Oakland, CA | $15,083,800 | $5,039,030 |
Irvine Barclay Theatre Operating Co Irvine, CA | $4,871,316 | $3,311,778 |
Mainly Mozart Inc San Diego, CA | $792,070 | $2,395,556 |
Gallo Center For The Arts Inc Modesto, CA | $40,396,474 | $2,412,473 |
San Francisco Performances Inc San Francisco, CA | $8,111,017 | $1,717,487 |
Community Arts Music Assn Of Santa Barbara Santa Barbara, CA | $8,681,324 | $1,742,239 |