Irvine Barclay Theatre Operating Co
- Assets
- $4.9m
- Revenue
- $3.3m
- Investments
- $608.1k
- Employees
- 63
- Location
- Irvine, CA
- Founding
- 04/1986
- Data as of
- 06/2021
- EIN
- 33-0157868
Organization Overview
Irvine Barclay Theatre Operating Co is located in Irvine, CA. The organization was established in 1986. 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 06/2021, Irvine Barclay Theatre Operating Co employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irvine Barclay Theatre 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, Irvine Barclay Theatre Operating Co generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. 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
TO SHOWCASE TOP QUALITY ARTISTS, TO PROVIDE A SUPERIOR FACILITY FOR LOCAL AND REGIONAL ARTS GROUPS, AND TO ENHANCE UC IRVINE'S EDUCATIONAL MISSION, PARTICULARLY THE PROGRAMS GENERATED BY ITS SCHOOL OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRVINE BARCLAY THEATRE (IBT) WAS ESTABLISHED TO BROADEN THE SCOPE, AVAILABILITY AND APPRECIATION OF PERFORMING ARTS IN ORANGE COUNTY, CALIFORNIA. THE VISION IS TO SHOWCASE TOP QUALITY ARTISTS, PROVIDE A SUPERIOR FACILITY FOR LOCAL AND REGIONAL ARTS GROUPS, AND TO ENHANCE UCI'S EDUCATIONAL MISSION, PARTICULARLY THE PROGRAMS GENERATED BY ITS CLAIRE TREVOR SCHOOL OF THE ARTS. OVER THE YEARS, MORE THAN 3 MILLION PATRONS HAVE ATTENDED MORE THAN 5,000 IBT PERFORMANCES AND THE THEATRE HAS BEEN RENTED OVER 3,700 TIMES BY DIFFERENT COMMUNITY ORGANIZATIONS. IBT IS KNOWN FOR ITS COMMITMENT TO WORLD-CLASS PROGRAMMING, EDUCATION, AND COMMUNITY OUTREACH. DURING THE CURRENT FISCAL YEAR, IBT PRESENTED 2 PERFORMANCES, 11 OUTSIDE EVENTS, AND 13 STREAMING EVENTS. IBT ALSO FACILITATED COMMUNITY RENTAL OF THE THEATER FOR 29 PERFORMANCES.
IRVINE BARCLAY THEATRE (IBT) WAS ESTABLISHED TO BROADEN THE SCOPE, AVAILABILITY AND APPRECIATION OF PERFORMING ARTS IN ORANGE COUNTY, CALIFORNIA. THE VISION IS TO SHOWCASE TOP QUALITY ARTISTS, PROVIDE A SUPERIOR FACILITY FOR LOCAL AND REGIONAL ARTS GROUPS, AND TO ENHANCE UCI'S EDUCATIONAL MISSION, PARTICULARLY THE PROGRAMS GENERATED BY ITS CLAIRE TREVOR SCHOOL OF THE ARTS. OVER THE YEARS, MORE THAN 3 MILLION PATRONS HAVE ATTENDED MORE THAN 5,000 IBT PERFORMANCES AND THE THEATRE HAS BEEN RENTED OVER 3,700 TIMES BY DIFFERENT COMMUNITY ORGANIZATIONS. IBT IS KNOWN FOR ITS COMMITMENT TO WORLD-CLASS PROGRAMMING, EDUCATION, AND COMMUNITY OUTREACH. DURING THE CURRENT FISCAL YEAR, IBT PRESENTED 2 PERFORMANCES, 11 OUTSIDE EVENTS, AND 13 STREAMING EVENTS. IBT ALSO FACILITATED COMMUNITY RENTAL OF THE THEATER FOR 29 PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Payne COO & CFO | Officer | 40 | $149,319 |
Jerry Mandel President | Officer | 20 | $130,800 |
William Parker Secretary | OfficerTrustee | 2 | $0 |
Ken Rohl Chairman | OfficerTrustee | 2 | $0 |
Greg Rohl Director | Trustee | 2 | $0 |
Ramona Agrela Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,756,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $829,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,586,183 |
| Total Program Service Revenue | $719,644 |
| Investment income | $5,951 |
| 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 | $3,311,778 |
| 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. | $274,792 |
| Compensation of current officers, directors, key employees. | $68,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $778,212 |
| Pension plan accruals and contributions | $26,988 |
| Other employee benefits | $186,833 |
| Payroll taxes | $84,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $55,808 |
| Fees for services: Investment Management | $7,232 |
| Fees for services: Other | $52,260 |
| Advertising and promotion | $25,535 |
| Office expenses | $47,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,959 |
| Travel | $171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,954 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,710 |
| Insurance | $95,547 |
| All other expenses | $147,163 |
| Total functional expenses | $2,838,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,945 |
| Savings and temporary cash investments | $1,169,073 |
| Pledges and grants receivable | $627,960 |
| Accounts receivable, net | $45,999 |
| 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 | $89,515 |
| Net Land, buildings, and equipment | $2,327,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $608,143 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,871,316 |
| Accounts payable and accrued expenses | $234,381 |
| Grants payable | $0 |
| Deferred revenue | $60,823 |
| 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 | $215,000 |
| Other liabilities | $0 |
| Total liabilities | $510,204 |
| Net assets without donor restrictions | $2,799,317 |
| Net assets with donor restrictions | $1,561,795 |
| 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 | $4,871,316 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Irvine Barclay Theatre Operating Co has recieved totaling $211,177.
| Awarding Organization | Amount |
|---|---|
Worah Family Foundation Wilmington, DE PURPOSE: 2022, 2023, 2024 WORLD MUSIC SERIES | $100,000 |
Worah Family Foundation Wilmington, DE PURPOSE: WORLD MUSIC SERIES | $50,000 |
Jewish Community Foundation Of Orange County Irvine, CA PURPOSE: DONATION | $19,800 |
Mark Chapin Johnson Foundation Mission Viejo, CA PURPOSE: SPONSORSHIP OF PROGRAM | $10,000 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA PURPOSE: ARTS & CULTURE | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,850 |
Endowment Analysis
| Beg. Balance | $1,045,610 |
| Earnings | $118,625 |
| Ending Balance | $1,164,235 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Cultural Center Inc Palm Desert, CA | $48,047,897 | $20,407,526 |
The Smith Center For The Performing Arts Las Vegas, NV | $427,449,516 | $12,755,870 |
Luther Burbank Memorial Foundation Santa Rosa, CA | $31,726,314 | $16,161,291 |
Intersection For The Arts San Francisco, CA | $6,218,196 | $5,728,383 |
Santa Barbara Center For The Performing Arts Inc Santa Barbara, CA | $116,344,118 | $4,620,233 |
Lobero Theatre Foundation Santa Barbara, CA | $11,390,447 | $5,213,777 |
Paramount Theatre Of The Arts Inc Oakland, CA | $15,083,800 | $5,039,030 |
Irvine Barclay Theatre Operating Co Irvine, CA | $4,871,316 | $3,311,778 |
Mainly Mozart Inc San Diego, CA | $792,070 | $2,395,556 |
Gallo Center For The Arts Inc Modesto, CA | $40,396,474 | $2,412,473 |
San Francisco Performances Inc San Francisco, CA | $8,111,017 | $1,717,487 |
Community Arts Music Assn Of Santa Barbara Santa Barbara, CA | $8,681,324 | $1,742,239 |