Lensic Performing Arts Center Corporation
- Assets
- $18.9m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 96
- Location
- Santa Fe, NM
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 85-0448396
Organization Overview
Lensic Performing Arts Center Corporation is located in Santa Fe, NM. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Lensic Performing Arts Center Corporation employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lensic Performing Arts Center Corporation 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 12/2023, Lensic Performing Arts Center Corporation generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $7.9m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HISTORIC LENSIC THEATER PROVIDES A VENUE FOR MUSIC, THEATER, DANCE, AND OTHER ART FORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS AND OPERATES THE HISTORIC LENSIC THEATER WHICH FUNCTIONS YEAR-ROUND. THE LENSIC IS A HOME STAGE FOR OUR CONSORTIUM PARTNERS, THE SANTA FE SYMPHONY, PERFORMANCE SANTA FE, SANTA FE PRO MUSICA, AND SANTA FE CHAMBER MUSIC, AS WELL AS MANY OTHER LOCAL ORGANIZATIONS LIKE SANTA FE INSTITUTE, ASPEN SANTA FE BALLET, AND AMP. WE OFFER DISCOUNTED RENTALS, PROVIDE TECHNICAL, BOX OFFICE, MARKETING SUPPORT, AND ORGANIZATIONS KEEP THEIR TICKET REVENUE.
LENSIC PRESENTS PROGRAMS: THE LENSIC PERFORMING ARTS CENTER HAS PRESENTED AND PRODUCED PERFORMANCES OF ARTISTS FROM AROUND THE WORLD. THE LENSIC'S YEAR-ROUND PROGRAMMING IS INTEGRAL TO FULFILLING THE ORGANIZATION'S MISSION BY PRESENTING A WIDE-RANGING, DIVERSE SERIES OF PROGRAMS AND ARTISTS. PROGRAMS INCLUDE POPULAR CONCERTS, DANCE SHOWS, WORLD MUSIC, JAZZ, CLASSICAL MUSIC, COMEDY, AND FAMILY-FRIENDLY PROGRAMMING. LENSIC 360: IN EARLY 2023, IN AN EFFORT TO REACH NEW AND UNDERSERVED AUDIENCES BEYOND THOSE WHO ARE ABLE TO ATTEND PERFORMANCES AT THE THEATER, WE LAUNCHED LENSIC 360. THIS NEW INITIATIVE PRESENTS A DIVERSE ARRAY OF EVENTS AT OTHER REGIONAL VENUES AND THE LENSIC IN NEW MEXICO, INCLUDING SUMMER SCENE, A 50 SHOW FREE CONCERT SERIES.
THE LENSIC'S ARTS EDUCATION PROGRAMS HAS HAD A TWENTY-YEAR RELATIONSHIP WITH THE PUBLIC SCHOOLS TO BRING ELEMENTARY SCHOOL CHILDREN TO DAYTIME PERFORMANCES, PROVIDING WHAT IS FOR MANY CHILDREN, THEIR FIRST THEATER EXPERIENCE. THE THEATER RUNS A TECHNICAL INTERNSHIP PROGRAM FOR LOCAL HIGH-SCHOOL YOUTH, WHICH PROVIDES SUMMER EMPLOYMENT OPPORTUNITIES TO THE PROGRAM'S GRADUATES. THE EDUCATION PROGRAM, LENSIC FUTURE VOICES ALSO INCLUDES AN ANNUAL FILM AND PHOTOGRAPHY COMPETITION FOR HIGH SCHOOL STUDENTS ACROSS THE STATE. IN 2023, 50 NEW MEXICO SCHOOLS ATTENDED THE EDUCATION EVENTS. SERVING MORE THAN 13,000 K-12 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Aalberts Executive Di | Officer | 40 | $212,803 |
Laura Acquaviva Managing Dir | Officer | 40 | $115,593 |
Noelle Miller Finance Dire | Officer | 40 | $110,827 |
Nancy Zeckendorf Chair, Found | OfficerTrustee | 20 | $0 |
Karen Durkovich President | OfficerTrustee | 20 | $0 |
Andrew Eiseman Vice Preside | OfficerTrustee | 5 | $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 | $2,952,161 |
| Noncash contributions included in lines 1a–1f | $24,391 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,952,161 |
| Total Program Service Revenue | $4,709,843 |
| Investment income | $198,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $619,163 |
| Net Income from Fundraising Events | $77,345 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $131,561 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,690,969 |
| 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. | $477,142 |
| Compensation of current officers, directors, key employees. | $108,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,926,811 |
| Pension plan accruals and contributions | $56,168 |
| Other employee benefits | $184,758 |
| Payroll taxes | $180,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,539 |
| Fees for services: Other | $111,640 |
| Advertising and promotion | $208,514 |
| Office expenses | $136,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $441,748 |
| Travel | $60,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $462,575 |
| Insurance | $72,392 |
| All other expenses | $51,562 |
| Total functional expenses | $7,901,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,522 |
| Savings and temporary cash investments | $828,299 |
| Pledges and grants receivable | $1,410,384 |
| Accounts receivable, net | $3,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,703 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,708,713 |
| Investments—publicly traded securities | $13,463,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,368 |
| Other assets | $441,831 |
| Total assets | $18,900,910 |
| Accounts payable and accrued expenses | $168,228 |
| Grants payable | $0 |
| Deferred revenue | $966,124 |
| 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 | $22,936 |
| Total liabilities | $1,157,288 |
| Net assets without donor restrictions | $5,656,260 |
| Net assets with donor restrictions | $12,087,362 |
| 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 | $18,900,910 |