Civic Intelligence

Bexar County Performing Arts Center Foundation

990 • Fiscal year 2016 • EIN 26-1517165

Jan 01, 2016 to Dec 31, 2016 • Filed on May 03, 2017

115 Auditorium CircleSan Antonio, TX 78006

(210) 223-3333

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.11x

Higher debt load relative to assets than 24% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

77th percentile

1.40x

Higher debt load relative to revenue than 77% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

72nd percentile

9.5%

Higher net margin than 72% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

40th percentile

$390,330

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

50th percentile

1.8%

Faster asset growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

95%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$203,046,740

Up $3,631,013 (+1.8%) from 2015

Net Assets

Up

$179,868,440

Up $1,586,315 (+0.9%) from 2015

Liabilities

Up

$23,178,300

Up $2,044,698 (+9.7%) from 2015

Revenue

Up

$16,528,055

Up $8,052,200 (+95%) from 2015

Expenses

Up

$14,951,490

Up $612,722 (+4.3%) from 2015

Net Income

Up

$1,576,565

Up $7,439,478 (+127%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2012: $108,038,182Liabilities 2012: $11,840,584Net Assets 2012: $96,197,5982012Assets 2013: $165,272,645Liabilities 2013: $15,323,074Net Assets 2013: $149,949,5712013Assets 2014: $204,288,278Liabilities 2014: $20,143,240Net Assets 2014: $184,145,0382014Assets 2015: $199,415,727Liabilities 2015: $21,133,602Net Assets 2015: $178,282,1252015Assets 2016: $203,046,740Liabilities 2016: $23,178,300Net Assets 2016: $179,868,4402016Assets 2017: $203,229,104Liabilities 2017: $20,969,855Net Assets 2017: $182,259,2492017Assets 2018: $195,780,251Liabilities 2018: $17,868,148Net Assets 2018: $177,912,1032018Assets 2019: $189,711,704Liabilities 2019: $17,009,243Net Assets 2019: $172,702,4612019Assets 2020: $183,646,136Liabilities 2020: $15,214,445Net Assets 2020: $168,431,6912020Assets 2021: $187,386,472Liabilities 2021: $16,855,223Net Assets 2021: $170,531,2492021Assets 2022: $185,171,805Liabilities 2022: $18,882,689Net Assets 2022: $166,289,1162022Assets 2023: $185,696,542Liabilities 2023: $23,669,576Net Assets 2023: $162,026,9662023Assets 2024: $181,776,456Liabilities 2024: $22,737,686Net Assets 2024: $159,038,7702024

Highlighted filing

2016

Assets$203,046,740
Liabilities$23,178,300
Net Assets$179,868,440

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2012: $1,570,2112012Revenue 2013: $56,302,889Expenses 2013: $2,550,916Net Income 2013: $53,751,9732013Revenue 2014: $46,433,128Expenses 2014: $12,237,661Net Income 2014: $34,195,4672014Revenue 2015: $8,475,855Expenses 2015: $14,338,768Net Income 2015: -$5,862,9132015Revenue 2016: $16,528,055Expenses 2016: $14,951,490Net Income 2016: $1,576,5652016Revenue 2017: $18,320,679Expenses 2017: $15,931,058Net Income 2017: $2,389,6212017Revenue 2018: $11,638,410Expenses 2018: $16,021,438Net Income 2018: -$4,383,0282018Revenue 2019: $12,813,528Expenses 2019: $18,114,104Net Income 2019: -$5,300,5762019Revenue 2020: $8,087,390Expenses 2020: $12,358,160Net Income 2020: -$4,270,7702020Revenue 2021: $19,160,168Expenses 2021: $17,060,610Net Income 2021: $2,099,5582021Revenue 2022: $25,008,858Expenses 2022: $29,313,025Net Income 2022: -$4,304,1672022Revenue 2023: $15,834,490Expenses 2023: $20,648,743Net Income 2023: -$4,814,2532023Revenue 2024: $17,743,897Expenses 2024: $21,698,567Net Income 2024: -$3,954,6702024

Highlighted filing

2016

Revenue$16,528,055
Expenses$14,951,490
Net Income$1,576,565
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 3, 2017
Return Version
2016v3.0
Gross Receipts
$17,066,699
Mission and Program Overview

Mission

Since its opening in september 2014, the tobin center for the performing arts has transformed performing arts in san antonio, delivering a dazzling state-of-the-art venue for our local arts organizations, including the san antonio symphony, ballet san antonio, the opera san antonio and many others. The tobin center has also strived to excite all ages, cultures, lifestyles and income levels with performances by many different artists and performers. In collaboration with the tobin's local organizations, the tobin center provides greater access to the performing arts to san antonio's youth with free performances, after-school and summer programs and other arts educations programs. With hundreds of thousands of south texans converging each year at the tobin, development providing additional shopping, dining and living are anticipated, which will help transform the city's urban core.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$177,307,054$175,082,319▼ $2,224,735
Pledges and Grants Receivable$17,614,998$16,803,005▼ $811,993
Prepaid Expenses and Deferred Charges$828,581$7,299,052▲ $6,470,471
Cash and Non-Interest-Bearing Accounts$2,544,570$2,758,889▲ $214,319
Accounts Receivable$718,691$619,971▼ $98,720
Savings and Temporary Cash Investments$3,730$764▼ $2,966
Total Assets$199,415,727$203,046,740▲ $3,631,013
Other Assets Total$398,103$482,740▲ $84,637
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,700,000$18,695,000▲ $995,000
Accounts Payable and Accrued Expenses$1,347,484$2,393,994▲ $1,046,510
Deferred Revenue$1,944,372$1,988,423▲ $44,051
Other Liabilities$141,746$100,883▼ $40,863
Total Liabilities$21,133,602$23,178,300▲ $2,044,698
Net Assets / Fund Balance
Permanently Rstr Net Assets$175,597,652$175,622,695▲ $25,043
Unrestricted Net Assets$2,684,473$2,677,303▼ $7,170
Temporarily Rstr Net Assets-$1,568,442-
Total Net Assets Fund Balance$178,282,125$179,868,440▲ $1,586,315
Total Liabilities and Net Assets / Fund Balance$199,415,727$203,046,740▲ $3,631,013

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$145,956,846$11,083,815$157,040,661
Land$13,302,554-$13,302,554
Leasehold Improvements$11,876,028$473,229$12,349,257
Equipment$3,715,630$1,282,392$4,998,022
Other Land Buildings$231,261$98,901$330,162
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael J FresherPresident &FT$387,112$3,218$390,330
Michael J FresherPresident & CEO-$315,762$81,460$390,330
Kendall D PurpuraVP of DeveloFT$135,204-$135,204
John a FreemanVP of Ops.FT$121,234-$121,234
Jeffrey Gerard LasanteCFOFT$119,960-$119,960
Aaron ZimmermanVP of PrograFT$117,000-$117,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Utp Productions INCEvent Mgmt Svc774 SOUTH 500 WEST, Salt Lake City, UT 84101$964,541
Joeris General Contractor LtdConstruction823 ARION PARKWAY, San Antonio, TX 78216$827,727
Agency For The Performing Arts INCEvent Mgmt Svc405 S BEVERLY DRIVE, Beverly Hills, CA 90212$466,924
Southern USA Falun Dafa Assoc INCPerforming Arts710 LEANING OAK TRL, Richmond, TX 77406$323,345
MarmonmokArchitecture700 N ST MARYS STE 1600, San Antonio, TX 78205$274,377
Revenue and Support

Revenue Composition

Contributions and Grants
$8,600,459
Program Service Revenue
$7,772,179
Investment Income
$3,515
Other Revenue
$151,902
All Other Contributions
$6,935,702
Change in Net Assets
$1,576,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,528,055
Revenue Not Reported on Form 990
$9,750
Total Revenue per Audited Statements
$16,537,805
Total Revenue per Form 990
$16,528,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,094,120
Salaries, Compensation, and Employee Benefits$2,853,502
Total Fundraising Expense$428,667
Professional Fundraising Fees$3,868
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$4,552,749$91,040$29,368$4,673,157
Other Salaries and Wages$1,004,773$527,932$170,300$1,703,005
Advertising$959,841--$959,841
Interest$532,905--$532,905
Current Officers, Directors, Trustees, and Key Employees$299,172$157,193$50,707$507,072
Other Employee Benefits$225,079$118,262$38,149$381,490
Other Expenses$267,987$19,320$6,231$267,987
All Other Expenses$147,227$27,854$84,215$259,296
Payroll Taxes$123,378$64,826$20,912$209,116
Information Technology$99,759$74,699-$174,458
Insurance$133,869$22,997-$156,866
Office Expenses$68,054$35,756$11,535$115,345
Fees for Services Other$17,870$32,613$3,029$53,512
Pension Plan Contributions$31,163$16,374$5,282$52,819
Travel$17,768$8,690$2,076$28,534
Fees for Services Accounting$8,182$14,932$1,387$24,501
Fees for Services Legal$4,812$8,782$816$14,410
Conferences and Meetings$6,769$3,311$792$10,872
Fees for Services Professional Fundraising--$3,868$3,868
Total Functional Expenses$12,750,522$1,772,301$428,667$14,951,490

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,951,490
Total Expenses per Audited Statements$14,951,490
Total Expenses per Form 990$14,951,490
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$583,451
Fundraising Direct Expenses$514,922
Professional Fundraising Fees$3,868

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$679,766$583,451$514,922$68,529
Total Events$679,766$583,451$514,922$68,529
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$63,052
Accrued Insurance$37,831
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is reviewed by the audit committee chair, then by the audit committee, and then distributed to the full board of directors for review and with recommendation to approve for timely filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Board members and employees are required, annually, to acknowledge, in writing, compliance with the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

To determine compensation of key employees, independent sources of comparative data are considered, including consultation with salary and benefit experts. Key job descriptions/responsibilities are documented. The proposed employment agreement is then reviewed by the board. If, as and when approved, a written offer for employment is made to the prospective employee, and signed as accepted.

Form 990, Page 6, Part VI, Line 15B

To determine compensation of key employees, independent sources of comparative data are considered, including consultation with salary and benefit experts. Key job descriptions/responsibilities are documented. The proposed employment agreement is then reviewed by the board. If, as and when approved, a written offer for employment is made to the prospective employee, and signed as accepted.

Form 990, Page 6, Part VI, Line 19

A written request should be made to the foundation, to the attention of michael j fresher, ceo.

Filing and Contact Details

Filer

Filer Name
Bexar County Performing Arts Center
EIN
26-1517165
Phone
2102233333
Address
115 AUDITORIUM CIRCLE, SAN ANTONIO, TX 78006
Doing Business As
Tobin Center for the Performing Art

Signing Officer

Name
Jeffrey Gerard Lasante
Title
CFO
Phone
2102233333
Signed
2017-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael J Fresher
Formed
2007
Legal Domicile
TX
Voting Board Members
17
Independent Board Members
17
Employees
103
Volunteers
425

Preparer

Firm
Schriver Carmona & Company Pllc
Address
7550 IH-10 WEST SUITE 504, SAN ANTONIO, TX 78229-5813
Preparer
Derek Schriver CPA
Phone
2106800350
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Since its opening in september 2014, the tobin center for the performing arts has transformed performing arts in san antonio, delivering a dazzling state-of-the-art venue for our local arts organizations, including the san antonio symphony, ballet san antonio, the opera san antonio and many others. The tobin center has also strived to excite all ages, cultures, lifestyles and income levels with performances by many different artists and performers. In collaboration with the tobin's local organizations, the tobin center provides greater access to the performing arts to san antonio's youth with free performances, after-school and summer programs and other arts educations programs. With hundreds of thousands of south texans converging each year at the tobin, development providing additional shopping, dining and living are anticipated, which will help transform the city's urban core.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

Our facility and operations team walk the building daily and do a visual inspection of the property. Upon sighting any irregularities, a further inspection and investigation is launched.

Schedule D, Page 1, Part II, Line 9

The real property granted to the organization from the city of san antonio, texas by deed without warranty dated august 8, 2008 (and by correction deed without warranty dated september 9, 2010), includes 3.817 acres of land and improvements subject to provisions restricting the use of the property as the site for development and construction of a new performing arts center to be used primarily for public purpose when complete. The existing improvements consist of two buildings which are listed on the national historical register. The receipt of the real property contributed from the city of san antonio, texas is recorded in the foundation's accounting records at fair market value (determined by independent appraisal), and reported in the foundation's 2008 audited financial statements in the (a) statement of activities and changes in net assets as an exchange, and (b) in the statement of financial position included in fixed assets.

Schedule D, Page 3, Part X

The effects of a tax position cannot be recognized in the financial statements unless it is "more-likely-than-not" to be sustained based solely on its technical merits as of the reporting date. The "more-likely-than- not" threshold represents a positive assertion by management that the tobin center is entitled to the economic benefits of a tax position. If a tax position is not considered "more-likely-than-not" to be sustained based solely on its technical merits, no benefits of the position are to be recognized. Moreover, the "more-liely-than-not" threshold must continue to be met in each reporting period to support continued recognition of a benefit. As of the year ended december 31, 2016, management was not aware of nay tax position that would have a significant impact on its financial position.

Raw XML AppendixShowing 400 of 674 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0SINCE ITS OPENING IN SEPTEMBER 2014, THE TOBIN CENTER FOR THE PERFORMING ARTS HAS TRANSFORMED PERFORMING ARTS IN SAN ANTONIO, DELIVERING A DAZZLING STATE-OF-THE-ART VENUE FOR OUR LOCAL ARTS ORGANIZATIONS, INCLUDING THE SAN ANTONIO SYMPHONY, BALLET SAN ANTONIO, THE OPERA SAN ANTONIO AND MANY OTHERS. THE TOBIN CENTER HAS ALSO STRIVED TO EXCITE ALL AGES, CULTURES, LIFESTYLES AND INCOME LEVELS WITH PERFORMANCES BY MANY DIFFERENT ARTISTS AND PERFORMERS. IN COLLABORATION WITH THE TOBIN'S LOCAL ORGANIZATIONS, THE TOBIN CENTER PROVIDES GREATER ACCESS TO THE PERFORMING ARTS TO SAN ANTONIO'S YOUTH WITH FREE PERFORMANCES, AFTER-SCHOOL AND SUMMER PROGRAMS AND OTHER ARTS EDUCATIONS PROGRAMS. WITH HUNDREDS OF THOUSANDS OF SOUTH TEXANS CONVERGING EACH YEAR AT THE TOBIN, DEVELOPMENT PROVIDING ADDITIONAL SHOPPING, DINING AND LIVING ARE ANTICIPATED, WHICH WILL HELP TRANSFORM THE CITY'S URBAN CORE.
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IRS990/Desc0THE BEXAR COUNTY PERFORMING ARTS CENTER FOUNDATION WAS ESTABLISHED TO PROVIDE A WORLD-CLASS VENUE THAT PROMOTES A DIVERSE RANGE OF CULTURAL, EDUCATIONAL, AND ARTISTIC EXPERIENCES TO IMPROVE THE QUALITY OF LIFE IN SAN ANTONIO. IN 2016 THE TOBIN CENTER HOSTED 487 EVENTS THAT BROUGHT THE VERY BEST OF THE PERFORMING ARTS WORLD TO SAN ANTONIO. THE VENUE WELCOMED APPROXIMATELY TWO HUNDRED THIRTY-FIVE THOUSAND VISITORS, INCLUDING THIRTY THOUSAND CHILDREN, THROUGH ITS DOORS. THE TOBIN CENTER CONTINUES TO BE HOME TO TEN RESIDENT ARTS ORGANIZATIONS, INCLUDING THE SAN ANTONIO SYMPHONY, OPERA SAN ANTONIO AND BALLET SAN ANTONIO, WHOSE GOALS ARE TO ENRICH THE CULTURAL AND ARTISTIC LIFE OF SAN ANTONIO RESIDENTS AND VISITORS.
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IRS990/MissionDesc0SINCE ITS OPENING IN SEPTEMBER 2014, THE TOBIN CENTER FOR THE PERFORMING ARTS HAS TRANSFORMED PERFORMING ARTS IN SAN ANTONIO, DELIVERING A DAZZLING STATE-OF-THE-ART VENUE FOR OUR LOCAL ARTS ORGANIZATIONS, INCLUDING THE SAN ANTONIO SYMPHONY, BALLET SAN ANTONIO, THE OPERA SAN ANTONIO AND MANY OTHERS. THE TOBIN CENTER HAS ALSO STRIVED TO EXCITE ALL AGES, CULTURES, LIFESTYLES AND INCOME LEVELS WITH PERFORMANCES BY MANY DIFFERENT ARTISTS AND PERFORMERS. IN COLLABORATION WITH THE TOBIN'S LOCAL ORGANIZATIONS, THE TOBIN CENTER PROVIDES GREATER ACCESS TO THE PERFORMING ARTS TO SAN ANTONIO'S YOUTH WITH FREE PERFORMANCES, AFTER-SCHOOL AND SUMMER PROGRAMS AND OTHER ARTS EDUCATIONS PROGRAMS. WITH HUNDREDS OF THOUSANDS OF SOUTH TEXANS CONVERGING EACH YEAR AT THE TOBIN, DEVELOPMENT PROVIDING ADDITIONAL SHOPPING, DINING AND LIVING ARE ANTICIPATED, WHICH WILL HELP TRANSFORM THE CITY'S URBAN CORE.
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