Sandler Center For The Performing Arts Foundation
- Assets
- $3.5m
- Revenue
- $463.6k
- Investments
- $987.9k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 05/2005
- Data as of
- 06/2023
- EIN
- 20-2409231
Organization Overview
Sandler Center For The Performing Arts Foundation, operating under the name Sandler Center Foundation, is located in Virginia Beach, VA. The organization was established in 2005. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandler Center Foundation 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 06/2023, Sandler Center Foundation generated $463.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $479.9k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SANDLER CENTER FOUNDATION'S MISSION IS TO EDUCATE, ENRICH AND INSPIRE THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PILLAR I - K-12 EDUCATION: THIS PROGRAM SERVES STUDENTS IN GRADES PRE-K THROUGH HIGH SCHOOL THROUGH A ROBUST VIRTUAL ACADEMY OF DIGITAL EDUCATIONAL MATINEES THAT ARE CAREFULLY CURATED AND ALIGN WITH THE VIRGINIA STANDARDS OF LEARNING. 100% OF STUDENTS WHO EXPERIENCE A DIGITAL MATINEE RECEIVE FULL FUNDING WITH THE VAST MAJORITY OF STUDENTS COMING FROM UNDERSERVED COMMUNITIES. ALL EDUCATIONAL MATINEES HAVE ACCOMPANYING TEACHER RESOURCE GUIDES TO PROVIDE EDUCATORS ADDITIONAL TOOLS TO EXTEND LEARNING TO THE CLASSROOM. LIVE PERFORMANCE OPPORTUNITIES ARE ALSO OFFERED IN THE CLASSROOM, SANDLER CENTER, OR OTHER THEATER SETTING. PROGRAMS ARE FOR EDUCATION PURPOSES AND TARGET UNDERSERVED COMMUNITIES.
PILLAR II: COMMUNITY EDUCATION AND OUTREACHTHE FOUNDATION COLLABORATES WITH OTHER PARTNERS TO ENHANCE THE COMMUNITY THROUGH THE PERFORMING ARTS. PROGRAMS ARE FOR EDUCATION PURPOSES AND TARGET UNDERSERVED COMMUNITIES.
PILLAR 3: PERFORMANCE UNDERWRITING AND GRANTMAKINGTHE FOUNDATION SUPPORTS THE SANDLER CENTER RESIDENT COMPANIES THROUGH THE UNDERWRITING OF PERFORMANCES THAT TAKE PLACE AT THE SANDLER CENTER. UNDERWRITING SUPPORT IS FOR EDUCATION PURPOSES AND TARGETS UNDERSERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Nero Chairman | OfficerTrustee | 5 | $0 |
Katherine Willis Vice Chair | OfficerTrustee | 5 | $0 |
Bob Taylor Director | OfficerTrustee | 1 | $0 |
Jeff Moore Secretary | OfficerTrustee | 5 | $0 |
Leslie Doyle Past President | OfficerTrustee | 1 | $0 |
Annie Sandler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,231 |
| Noncash contributions included in lines 1a–1f | $57,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,231 |
| Total Program Service Revenue | $0 |
| Investment income | $82,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,697 |
| Net Income from Fundraising Events | $132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,950 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,466 |
| Payroll taxes | $15,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $30,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,576 |
| Fees for services: Other | $4,018 |
| Advertising and promotion | $16,821 |
| Office expenses | $3,163 |
| Information technology | $8,109 |
| Royalties | $0 |
| Occupancy | $56,610 |
| Travel | $4,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,705 |
| Insurance | $2,355 |
| All other expenses | $8,210 |
| Total functional expenses | $479,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,578 |
| Savings and temporary cash investments | $565,993 |
| 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 | $4,758 |
| Net Land, buildings, and equipment | $4,021 |
| Investments—publicly traded securities | $1,644,340 |
| Investments—other securities | $987,928 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,458,618 |
| Accounts payable and accrued expenses | $7,755 |
| 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 | $7,755 |
| Net assets without donor restrictions | $3,450,863 |
| Net assets with donor restrictions | $0 |
| 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 | $3,458,618 |
Grants Awarded
Over the last fiscal year, Sandler Center For The Performing Arts Foundation has awarded $6,950 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA ARTS FESTIVAL PURPOSE: TO SUPPORT EDUCATION OF THE ARTS | $5,833 |
NEPTUNE FESTIVAL PURPOSE: TO SUPPORT EDUCATION OF THE ARTS | $1,030 |
VIRGINIA MUSICAL THEATRE PURPOSE: TO SUPPORT EDUCATION OF THE ARTS | $87 |