La Jolla Music Society
- Assets
- $85.3m
- Revenue
- $6.3m
- Investments
- $676.2k
- Employees
- 64
- Location
- La Jolla, CA
- Founding
- 11/1971
- Data as of
- 06/2024
- EIN
- 23-7148171
Organization Overview
La Jolla Music Society, operating under the name The Conrad Performing Arts Center, is located in La Jolla, CA. The organization was established in 1971. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Conrad Performing Arts Center employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conrad Performing Arts Center 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, Conrad Performing Arts Center generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $7.7m during the year ending 06/2024. 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
TO ENHANCE CULTURAL LIFE AND ENGAGEMENT BY PRESENTING AND PRODUCING A WIDE RANGE OF PROGRAMMING OF THE HIGHEST ARTISTIC QUALITY, AND TO MAKE THE CONRAD PREBYS PERFORMING ARTS CENTER A VIBRANT AND INCLUSIVE HUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONRAD PREBYS PERFORMING ARTS CENTER SERVES SERVING THE ENTIRE SAN DIEGO AREA WITH CULTURAL, ARTS, EDUCATION, AND COMMUNITY EVENTS AND PROGRAMMING. AS THE PERMANENT HOME OF LA JOLLA MUSIC SOCIETY, THE CONRAD PRESENTS SOME OF THE WORLD'S MOST RENOWNED ARTISTS IN AN INTIMATE AND BEAUTIFUL SETTING AND, AS AN ACOUSTIC JEWEL IN SOUTHERN CALIFORNIA, IS AN IDEAL LOCATION FOR CHAMBER MUSIC, CLASSICAL RECITALS, SOLO PIANO, VOICE, AND MORE. ADDITIONALLY, LJMS PRESENTS A BROAD RANGE FROM JAZZ AND MARIACHI TO DANCE AND AN ACCLAIMED LECTURE SERIES. CONNECTED WITH THIS PROGRAMMING IS A MYRIAD OF NEARLY 150 EDUCATION ACTIVITIES PRODUCED EACH YEAR FOR STUDENTS OF ALL AGES. ADDITIONALLY, THE CONRAD, AS A RENTAL VENUE, SERVES AS HOME TO OTHER NON-PROFITS FOR EVENTS AND CONCERTS AND IS AVAILABLE TO FOR-PROFIT COMPANIES AND INDIVIDUALS TO RENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Wagener Chair | OfficerTrustee | 5 | $0 |
Vivian Lim Vice-Chair | OfficerTrustee | 5 | $0 |
Bert Cornelison Treasurer | OfficerTrustee | 5 | $0 |
Sharon Cohen Secretary | OfficerTrustee | 5 | $0 |
Steve Baum Member | Trustee | 3 | $0 |
Mary Ann Beyster Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Theatrical Payroll Services Iatse Labor Costs | 6/29/24 | $193,612 |
Giuseppe Restaurants & Fine Catering Catering | 6/29/24 | $148,011 |
Selby Artists Management Artist Fee | 6/29/24 | $147,143 |
Opus 3 Artists Artist Fee | 6/29/24 | $122,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $921,216 |
| Related organizations | $0 |
| Government grants | $332,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,683,617 |
| Noncash contributions included in lines 1a–1f | $96,189 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,936,841 |
| Total Program Service Revenue | $1,833,912 |
| Investment income | $392,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $218,333 |
| Net Gain/Loss on Asset Sales | -$3,046 |
| Net Income from Fundraising Events | -$80,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,319,482 |
| 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. | $486,828 |
| Compensation of current officers, directors, key employees. | $284,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,897,549 |
| Pension plan accruals and contributions | $36,792 |
| Other employee benefits | $158,596 |
| Payroll taxes | $182,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,011 |
| Fees for services: Other | $1,971,805 |
| Advertising and promotion | $93,793 |
| Office expenses | $285,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $251,441 |
| Travel | $130,897 |
| 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 | $1,339,992 |
| Insurance | $79,630 |
| All other expenses | $76,257 |
| Total functional expenses | $7,692,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,396,117 |
| Savings and temporary cash investments | $2,498,020 |
| Pledges and grants receivable | $2,356,352 |
| Accounts receivable, net | $56,449 |
| 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 | $349,448 |
| Net Land, buildings, and equipment | $63,402,842 |
| Investments—publicly traded securities | $13,527,721 |
| Investments—other securities | $676,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,263,101 |
| Accounts payable and accrued expenses | $568,982 |
| Grants payable | $0 |
| Deferred revenue | $1,064,714 |
| 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 | $1,633,696 |
| Net assets without donor restrictions | $79,122,868 |
| Net assets with donor restrictions | $4,506,537 |
| 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 | $85,263,101 |