Segerstrom Center For The Arts
- Assets
- $493.2m
- Revenue
- $84.5m
- Investments
- $21.4m
- Employees
- 714
- Location
- Costa Mesa, CA
- Founding
- 11/1974
- Data as of
- 06/2022
- EIN
- 23-7287150
Organization Overview
Segerstrom Center For The Arts is located in Costa Mesa, CA. The organization was established in 1974. 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 06/2023, Segerstrom Center For The Arts employed 714 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Segerstrom Center For The 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 06/2022, Segerstrom Center For The Arts generated $84.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $62.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING AND OPERATING A MAJOR PERFORMING ARTS CENTER PRESENTING THE FINEST IN PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER PRESENTATIONS SEGERSTROM CENTER FOR THE ARTS IS ONE OF THE NATION'S PREMIER ARTS ORGANIZATIONS. IT IS A UNIQUE ACHIEVEMENT OF COMMUNITY VISION, INITIATIVE, ARTISTIC ACCOMPLISHMENT AND GENEROSITY KNOWN FOR ITS STUNNING ARCHITECTURE AND TECHNICAL FACILITIES, IMPECCABLE ACOUSTICS AND THE EXCEPTIONAL QUALITY OF THE COMPANIES AND ARTISTS WHO PERFORM HERE. THE CENTER, ORANGE COUNTY'S LARGEST NON-PROFIT ARTS ORGANIZATION,OFFERS THE WORLD'S LEADING DANCE COMPANIES, BROADWAY SHOWS, AWARD-WINNING CLASSICAL, JAZZ AND CABARET ARTISTS, FAMILY ENTERTAINMENT, SPECIAL EVENTS AND YEAR-ROUND EDUCATIONAL PROGRAMS.
HALL RENTAL OPERATIONS SEGERSTROM CENTER FOR THE ARTS IS ALSO THE HOME OF THREE RESIDENT COMPANIES: PACIFIC SYMPHONY, THE PHILHARMONIC SOCIETY OF ORANGE COUNTY, AND PACIFIC CHORALE. TOGETHER THE RESIDENT COMPANIES HAVE OVER 100 PERFORMANCES A YEAR AT THE CENTER. IN ADDITION TO THE RESIDENT COMPANIES, THE CENTER ALSO RENTS TO OTHER USERS.
COMMUNITY ENGAGEMENT AND EDUCATION PROGRAMS THE CENTER HAS ONE OF THE NATION'S MOST RESPECTED EDUCATION AND COMMUNITY ENGAGEMENT DEPARTMENTS TO SERVE ORANGE COUNTY'S DIVERSE COMMUNITIES. THEIR PROGRAMS REACH MORE THAN 360,000 STUDENTS IN ELEMENTARY THROUGH UNIVERSITY LEVELS, EDUCATORS AND FAMILIES WITH PROGRAMS AND EVENTS AT THE CENTER AND IN SCHOOLS AND COMMUNITY EVENTS THROUGHOUT SOUTHERN CALIFORNIA. MANY PERFORMANCES IN FAMILY ORIENTED PRODUCTIONS ARE SENSORY FRIENDLY AND ASL INTERPRETED. THE CENTER IS ALSO HOME TO THE AMERICAN BALLET THEATRE WILLIAM J. GILLESPIE SCHOOL FOR YOUNG DANCERS 3-18 AND STUDIO D: ARTS SCHOOL FOR ALL ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Reitz President | OfficerTrustee | 40 | $553,916 |
Brian Finck Evp CFO | Officer | 40 | $329,447 |
Judith O'dea Morr Evp Production | Officer | 40 | $353,982 |
Michael Ennis VP Development | 40 | $280,429 | |
Lisa Middleton VP Marketing/comm | 40 | $248,792 | |
John Oliphant Head Carpenter | 40 | $236,153 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
And Peggy Tour Llc Broadway Production | 6/29/23 | $5,535,956 |
Penn Presentations Llc Broadway Production | 6/29/23 | $5,084,573 |
Mrb Tour Llc Broadway Production | 6/29/23 | $2,888,190 |
Broadway Across America Inc Broadway Presenter | 6/29/23 | $2,131,737 |
Ballet Theatre Foundation Inc Ballet Productions | 6/29/23 | $1,622,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,994,092 |
| Related organizations | $0 |
| Government grants | $14,582,244 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,171,117 |
| Noncash contributions included in lines 1a–1f | $2,395,588 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,747,453 |
| Total Program Service Revenue | $30,382,613 |
| Investment income | $4,327,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$42,360 |
| Net Gain/Loss on Asset Sales | $7,073,443 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,488,930 |
| 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. | $1,243,436 |
| Compensation of current officers, directors, key employees. | $896,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,134,584 |
| Pension plan accruals and contributions | $104,879 |
| Other employee benefits | $911,700 |
| Payroll taxes | $742,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,106 |
| Fees for services: Accounting | $63,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $479,451 |
| Fees for services: Other | $333,893 |
| Advertising and promotion | $3,521,916 |
| Office expenses | $243,377 |
| Information technology | $564,915 |
| Royalties | $0 |
| Occupancy | $3,481,565 |
| Travel | $85,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,622 |
| Interest | $3,801,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,777,252 |
| Insurance | $548,988 |
| All other expenses | $1,103,662 |
| Total functional expenses | $62,344,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,882 |
| Savings and temporary cash investments | $12,804,822 |
| Pledges and grants receivable | $4,971,788 |
| Accounts receivable, net | $1,113,531 |
| 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 | $745,583 |
| Net Land, buildings, and equipment | $182,417,193 |
| Investments—publicly traded securities | $247,812,248 |
| Investments—other securities | $21,422,527 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,856,014 |
| Total assets | $493,213,588 |
| Accounts payable and accrued expenses | $3,808,142 |
| Grants payable | $0 |
| Deferred revenue | $22,165,460 |
| Tax-exempt bond liabilities | $166,012,261 |
| 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 | $4,722 |
| Total liabilities | $191,990,585 |
| Net assets without donor restrictions | $162,152,468 |
| Net assets with donor restrictions | $139,070,535 |
| 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 | $493,213,588 |