Studios For The Performing Arts Operating Co
- Assets
- $11.7m
- Revenue
- $704.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Sacramento, CA
- Founding
- 03/2007
- Data as of
- 06/2021
- 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 06/2021, Studios For The Performing Arts Operating Co employed 8 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 06/2021, Studios For The Performing Arts Operating Co generated $704.9k in total revenue. All expenses for the organization totaled $863.6k during the year ending 06/2021. While expenses have increased by 76.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CLARA PROVIDES EDUCATION, ACCESS, AND RESOURCES TO FUEL SACRAMENTO'S CREATIVE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLARA REMAINS FULLY OCCUPIED, WITH SEVEN ARTS AND CULTURAL ORGANIZATIONS IN RESIDENCE. CLARA'S RENT RATE REMAINS SIGNIFICANTLY BELOW MARKET FOR MISSION-BASED ORGANIZATIONS (33-50% OF COMPARABLE MARKET RATE)
CLARA OFFERS ITS PUBLIC PERFORMANCE SPACE TO EXTERNAL PERFORMING ARTS GROUPS AT REDUCED RATES, ALLOWING THOSE GROUPS TO REACH INCREASED AUDIENCES AND PRODUCE A MORE CONSISTENTLY HIGH PRODUCT.
IN PARTNERSHIP WITH ITS RESIDENT ARTS AND CULTURAL ORGANIZATIONS, CLARA ALSO HAS A ARTS EDUCATION PARTNERSHIP WITH SACRAMENTO CITY UNIFIED SCHOOL DISTRICT THAT REMAINS STRONG. LAST YEAR, WE PROVIDED NEARLY 6,500 STUDENTS WITH ACCESS TO THE PERFORMING ARTS, INCLUDING TICKETS TO STUDENT MATINEES AND IN-SCHOOL ARTIST RESIDENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Wygant Executive Di | OfficerTrustee | 40 | $67,250 |
Burt Cohen Treasurer | OfficerTrustee | 3 | $0 |
Richard Lewis President | OfficerTrustee | 3 | $0 |
Chris Seward Secretary | OfficerTrustee | 3 | $0 |
David Temblador Board Chair | OfficerTrustee | 3 | $0 |
Tashina Brito Director | Trustee | 2 | $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 | $328,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,745 |
| Total Program Service Revenue | $323,797 |
| Investment income | $63 |
| 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 | $704,868 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,061 |
| Payroll taxes | $14,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,212 |
| Advertising and promotion | $5,298 |
| Office expenses | $3,891 |
| Information technology | $8,818 |
| 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 | $337,192 |
| Insurance | $27,580 |
| All other expenses | $15,729 |
| Total functional expenses | $863,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,747 |
| 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 | $530 |
| Net Land, buildings, and equipment | $5,412,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,694,030 |
| Total assets | $11,745,652 |
| Accounts payable and accrued expenses | $51,311 |
| Grants payable | $0 |
| Deferred revenue | $11,822 |
| 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 | $44,148 |
| Total liabilities | $107,281 |
| Net assets without donor restrictions | $11,313,938 |
| Net assets with donor restrictions | $324,433 |
| 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 | $11,745,652 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Studios For The Performing Arts Operating Co has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Sierra Health Foundation Sacramento, CA PURPOSE: PRESIDENT'S DISCRETIONARY | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles County Museum Of Natural History Foundation Los Angeles, CA | $310,771,263 | $64,336,067 |
Academy Museum Foundation Beverly Hills, CA | $718,283,273 | $74,112,519 |
Fine Arts Museums Foundation San Francisco, CA | $293,998,421 | $1,528,655 |
Friends Of Public Radio Arizona Tempe, AZ | $7,510,291 | $7,440,783 |
California Center For The Arts Escondido Foundation Escondido, CA | $1,637,426 | $6,432,180 |
Screen Actors Guild - American Federation Of Television And Radio Los Angeles, CA | $32,891,873 | $7,217,007 |
Carmel Mission Foundation Inc Carmel, CA | $1,231,681 | $982,770 |
All Classical Public Media Inc Portland, OR | $12,996,411 | $4,875,278 |
Oregon Shakespearean Festival Endowment Fund Inc Ashland, OR | $33,018,945 | $1,149,955 |
Ford Theatre Foundation Hollywood, CA | $2,293,812 | $4,065,513 |
Mccallum Theatre Foundation Inc Palm Desert, CA | $10,233,971 | $253,349 |
California State Railroad Museum Foundation Inc Sacramento, CA | $11,474,601 | $3,874,416 |