San Diego Theatres Inc
- Assets
- $25.0m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 177
- Location
- San Diego, CA
- Founding
- 05/2004
- Data as of
- 06/2024
- EIN
- 14-1886373
Organization Overview
San Diego Theatres Inc is located in San Diego, CA. The organization was established in 2004. 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 06/2024, San Diego Theatres Inc employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Diego Theatres Inc 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 06/2024, San Diego Theatres Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $11.6m during the year ending 06/2024. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SAN DIEGO THEATRES, INC. (SDTI) IS A NOT-FOR-PROFIT PUBLIC BENEFIT CORPORATION ESTABLISHED TO MANAGE AND OPERATE PUBLICLY OWNED PERFORMING ARTS THEATRES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CIVIC THEATRE IS SAN DIEGO'S HIGHEST ATTENDED PERFORMING ARTS VENUE IN SAN DIEGO. IT IS THE PERFORMING HOME TO BROADWAY SAN DIEGO, A NEDERLANDER PRESENTATION, AS WELL AS THE SAN DIEGO OPERA. BEYOND ITS OWN SERIES OF SELF-PRESENTED EVENTS, ITS VENUES ALSO SHOWCASE HIGHLY REGARDED MUSIC ARTISTS AND COMEDIANS THROUGH PARTNERSHIPS WITH OTHER PRESENTERS SUCH AS GOLDENVOICE, AEG, LIVE NATION, OUTBACK PRESENTS AND NEDERLANDER CONCERTS. THE THEATRE HOSTS A DIVERSE SCHEDULE OF CULTURAL, THEATRICAL AND MUSICAL PRODUCTIONS AS WELL AS FORMAL ASSEMBLIES, MEETINGS, AND COMMUNITY GATHERINGS. THE HISTORIC BALBOA THEATRE HOSTS DIVERSE PROGRAMMING THAT SERVES A WIDE RANGE OF COMMUNITY INTERESTS. IN ADDITION TO SUCH POPULAR CONTEMPORARY ENTERTAINMENT AS COMEDIANS AND CONCERTS, THE BALBOA THEATRE IS EXTENSIVELY USED BY SUCH LOCAL NON-PROFIT ORGANIZATIONS AS CLASSICS 4 KIDS, GOLDEN STATE BALLET, LA JOLLA MUSIC SOCIETY, SAN DIEGO BALLET, OUR LADY OF PEACE AND SAN DIEGO GAY MEN'S CHORUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Wallace President & CEO | Officer | 40 | $254,166 |
Brendan Farley VP Of Operations | 40 | $147,966 | |
Cynthia Bowers Director Of Programming | 40 | $142,608 | |
Nawar Saadi Engineering Mgr | 40 | $137,874 | |
Abigail Lee Buell VP Of Business Development | 40 | $144,766 | |
Efren Ortiz Chief Engineer | 40 | $117,925 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Theatrical Payroll Services Inc Stagehands | 6/29/18 | $850,393 |
Centrexit Outsource It Services | 6/29/18 | $115,956 |
Steven Barclay Agency Artist Fees | 6/29/18 | $123,115 |
San Diego Symphony Orchestra Association Performance Fees | 6/29/18 | $100,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $147,696 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,926 |
| Total Program Service Revenue | $14,603,836 |
| Investment income | $284,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,954,198 |
| 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. | $873,117 |
| Compensation of current officers, directors, key employees. | $538,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,544,022 |
| Pension plan accruals and contributions | $386,200 |
| Other employee benefits | $149,024 |
| Payroll taxes | $385,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $153,782 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $484,372 |
| Advertising and promotion | $456,524 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $481,200 |
| Insurance | $175,414 |
| All other expenses | $892,877 |
| Total functional expenses | $11,601,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,054,142 |
| Savings and temporary cash investments | $4,513,478 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,678,347 |
| 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 | $357,169 |
| Net Land, buildings, and equipment | $1,681,245 |
| Investments—publicly traded securities | $7,837,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,866,378 |
| Total assets | $24,988,487 |
| Accounts payable and accrued expenses | $4,883,197 |
| Grants payable | $0 |
| Deferred revenue | $1,946,356 |
| 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 | $1,522,438 |
| Total liabilities | $8,351,991 |
| Net assets without donor restrictions | $16,513,073 |
| Net assets with donor restrictions | $123,423 |
| 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 | $24,988,487 |