Studios For The Performing Arts Operating Co
- Assets
- $5.9m
- Revenue
- $836.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Sacramento, CA
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 30-0390619
Organization Overview
Studios For The Performing Arts Operating Co is located in Sacramento, CA. The organization was established in 2007. 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. As of 06/2022, Studios For The Performing Arts Operating Co employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studios For The Performing Arts Operating Co 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, Studios For The Performing Arts Operating Co generated $836.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 12.6% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STUDIOS FOR THE PERFORMING ARTS OPERATING COMPANY (CLARA) PROVIDES EDUCATION, ACCESS, AND RESOURCES TO FUEL SACRAMENTO'S CREATIVE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLARA PROVIDES EIGHT CULTURAL ORGANIZATIONS WITH PERMANENT SPACE IN A DECOMMISSIONED SCHOOL PROPERTY. TENANTS ENJOY REDUCED-RATE RENT (ABOUT 25% OF MARKET RATE) IN EXCHANGE FOR HELPING CLARA PROVIDE FREE ARTS PROGRAMS TO DESIGNATED TITLE I SCHOOLS IN SACRAMENTO CITY UNIFIED SCHOOL DISTRICT. IMPACT: ABOUT 2,500 STUDENTS SERVED THROUGH FREE PROGRAMMING IN FISCAL 2022; CULTURAL ORGANIZATIONS TOUCHING MORE THAN 70,000 SACRAMENTO RESIDENTS WERE ABLE TO INVEST MORE RESOURCES IN THEIR WORK RATHER THAN THEIR RENT.
CLARA PROVIDES STUDENTS IN TITLE I SACRAMENTO COUNTY PUBLIC SCHOOLS WITH ACCESS TO CLASSES AND PERFORMANCES IN DANCE, MUSIC, AND THEATER. THIS INCLUDES 10-WEEK IN-SCHOOL ARTIST RESIDENCIES; PRE-AND POST-SHOW WORKSHOPS PAIRED WITH FREE TICKETS TO STUDENT MATINEES; LEADERSHIP AND CAREER-DEVELOPMENT PROGRAMS THROUGH THE ARTS; AND SUMMER CAMPS SERVING STUDENTS GRADES TK-12. IN FISCAL 2022, CLARA LAUNCHED VIRTUAL TEACHING RESIDENCIES BRANDED AS "CLARA CLASSROOM", ALLOWING THE ORGANIZATION TO EXPAND ITS ARTS EDUCATION REACH BEYOND SACRAMENTO COUNTY. IN FY 2022, ABOUT 80,000 STUDENTS WERE COLLECTIVELY SERVED BY ONE OR MORE OF THESE PROGRAMS.
CLARA PROVIDES REHEARSAL AND PERFORMANCE SPACE FOR A NUMBER OF SMALL ARTS GROUPS IN OUR COMMUNITY, WITH WEEKLY CLASSES AND REHEARSALS TAKING PLACE 6 DAYS PER WEEK. MORE THAN 30 CULTURAL GROUPS USE OUR EVENT AND CLASSROOM SPACE FOR THEIR COMMUNITY EVENTS EACH YEAR, SERVING ABOUT 5,000 SACRAMENTO RESIDENTS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Laplaca Vice President & Secretary | OfficerTrustee | 10 | $0 |
David Temblador Board President | OfficerTrustee | 10 | $0 |
Burt Cohen Treasurer & Tenant Representative | OfficerTrustee | 5 | $0 |
Tashina Brito At Large | Trustee | 5 | $0 |
Greg Aguirre At Large | Trustee | 5 | $0 |
Bryan Chen At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,624 |
| Noncash contributions included in lines 1a–1f | $121,940 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,624 |
| Total Program Service Revenue | $620,562 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $836,137 |
| 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. | $73,134 |
| Compensation of current officers, directors, key employees. | $9,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,034 |
| Payroll taxes | $25,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,866 |
| Advertising and promotion | $17,333 |
| Office expenses | $21,503 |
| 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 | $168,846 |
| Insurance | $31,983 |
| All other expenses | $8,221 |
| Total functional expenses | $1,050,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,044 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,621 |
| 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 | $1,265 |
| Net Land, buildings, and equipment | $5,254,829 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,937,759 |
| Accounts payable and accrued expenses | $24,099 |
| Grants payable | $0 |
| Deferred revenue | $129,012 |
| 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 | $54,746 |
| Total liabilities | $207,857 |
| Net assets without donor restrictions | $5,729,902 |
| 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 | $5,937,759 |