Civic Intelligence

Performing Arts Center Eastside

EIN 30-0100088 • 501(c)3 • Bellevue, WA

Profile

PACE's mission states the organization will "transform lives and enrich our community by presenting artistic, cultural, educational, and entertainment experiences of the highest quality to all within its reach."

855 106th Ave NE Suite 150Bellevue, WA 98004

www.pacelive.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.54x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

2nd percentile

-164%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$170,453

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 64.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

3rd percentile

-31%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

8th percentile

-32%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$19,224,693

Down $206,478 (-1.1%) from 2023

Liabilities

Up

$172,804

Up $44,949 (+35%) from 2023

Net Assets

Down

$19,051,889

Down $251,427 (-1.3%) from 2023

Revenue

Up

$1,870,700

Up $166,968 (+9.8%) from 2023

Expenses

Up

$1,622,514

Up $548,988 (+51%) from 2023

Net Income

Down

$248,186

Down $382,020 (-61%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2015: $23,187,027Liabilities 2015: $49,158Net Assets 2015: $23,137,8692015Assets 2016: $23,104,703Liabilities 2016: $16,805Net Assets 2016: $23,087,8982016Assets 2017: $27,045,600Liabilities 2017: $1,431,079Net Assets 2017: $25,614,5212017Assets 2019: $30,527,566Liabilities 2019: $1,285,397Net Assets 2019: $29,242,1692019Assets 2020: $28,143,986Liabilities 2020: $182,569Net Assets 2020: $27,961,4172020Assets 2021: $19,369,370Liabilities 2021: $142,850Net Assets 2021: $19,226,5202021Assets 2022: $18,853,569Liabilities 2022: $152,099Net Assets 2022: $18,701,4702022Assets 2023: $19,431,171Liabilities 2023: $127,855Net Assets 2023: $19,303,3162023Assets 2024: $19,224,693Liabilities 2024: $172,804Net Assets 2024: $19,051,8892024

Highlighted filing

2024

Assets$19,224,693
Liabilities$172,804
Net Assets$19,051,889

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2015: $3,150Expenses 2015: $597,400Net Income 2015: -$594,2502015Revenue 2016: $779,587Expenses 2016: $737,208Net Income 2016: $42,3792016Revenue 2017: $3,241,989Expenses 2017: $712,270Net Income 2017: $2,529,7192017Revenue 2019: $2,236,139Expenses 2019: $1,421,851Net Income 2019: $814,2882019Revenue 2020: $390,105Expenses 2020: $1,670,860Net Income 2020: -$1,280,7552020Revenue 2021: $263,478Expenses 2021: $695,058Net Income 2021: -$431,5802021Revenue 2022: $363,901Expenses 2022: $863,951Net Income 2022: -$500,0502022Revenue 2023: $1,703,732Expenses 2023: $1,073,526Net Income 2023: $630,2062023Revenue 2024: $1,870,700Expenses 2024: $1,622,514Net Income 2024: $248,1862024

Highlighted filing

2024

Revenue$1,870,700
Expenses$1,622,514
Net Income$248,186

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 18, 2024
Return Version
2023v5.0
Gross Receipts
$1,872,201
Mission and Program Overview

Mission

The mission as a premier regional center for the performing arts is to enrich cultural life with a wide diversity of live entertainment, arts, and education. Tateuchi Center will stimulate the arts region wide, attract new audiences, heighten arts awareness and education, provide a performance home for select area arts organizations, and serve as a cultural center for eastside residents.

The mission of the Performing Arts Center Eastside is to transform lives and enrich the community be presenting artistic, cultural, educational, and entertainment experiences of highest quality to all within its reach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,367,448$1,070,386▼ $297,062
Cash and Non-Interest-Bearing Accounts$568,769$868,035▲ $299,266
Pledges and Grants Receivable$775,276$587,641▼ $187,635
Land, Buildings, and Equipment, Net$184,191$184,191→ $0
Intangible Assets$37,758$37,758→ $0
Prepaid Expenses and Deferred Charges$23,090$2,043▼ $21,047
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Rtn Earn Endowment Incm Other Fnds$0--
Inventories for Sale or Use-$0-
Loans From Officers Directors$0$0→ $0
Total Assets$19,431,171$19,224,693▼ $206,478
Other Assets Total$16,474,639$16,474,639→ $0
Liabilities
Deferred Revenue$110,280$110,280→ $0
Accounts Payable and Accrued Expenses$17,575$62,524▲ $44,949
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$127,855$172,804▲ $44,949
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,961,370$18,709,743▼ $251,627
Net Assets With Donor Restrictions$341,947$342,147▲ $200
Total Net Assets Fund Balance$19,303,317$19,051,890▼ $251,427
Total Liabilities and Net Assets / Fund Balance$19,431,172$19,224,694▼ $206,478

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,512,397$0$16,512,397
Equipment$184,191$59,853$244,044

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$342,147---$342,147
2022$341,947---$341,947
2021$341,947---$341,947
2020$341,947---$341,947
2019$341,847---$341,847
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Larisa UngerExecutive DirectorFT$275,000$275,000
Anna DiMartinoDeputy DirectorPT$58,720$58,720

Board Members and Trustees

NameTitle
Charles LytleBoard Chair/Director
Alesha ShemwellFinance Chair/Director
Molly McConkeyGovernance Chair
Cathi HatchVice Chair/Director
Alka BadshahDirector
Barbara HenryDirector
Betty TongDirector
Christine GilbertDirector
Doug BoydenDirector
Fred AuchDirector
Hatem ZeineDirector
Inger JohnsonDirector
Jerene DekateDirector
Katrina RomatowskiDirector
Keith McCallDirector
Kemper FreemanDirector
Kevin JablonskiDirector
Laura ChoiDirector
Lawrence YangDirector
Leonard HillDirector
Melanie BruchDirector
Rosemarie FrancisDirector
Sandy WalshDirector
Shaina MayfieldDirector
Shannon BoldizsarDirector
Steve PalermoDirector
Trish CarpenterDirector
Whitney PigottDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,832,863
Program Service Revenue
$38,750
Investment Income
$588
Other Revenue
$-1,501
All Other Contributions
$1,666,197
Change in Net Assets
$248,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$850,296
Other Expenses$732,773
Salaries, Compensation, and Employee Benefits$453,642
Professional Fundraising Fees$436,099
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$71,257$24,286$397,319$492,862
Fees for Services Professional Fundraising--$436,099$436,099
Other Salaries and Wages$43,614$350,000$0$393,614
Fees for Services Management$79,394$0$0$79,394
Other Expenses-$36,560$0$36,560
Payroll Taxes$3,826$24,389$0$28,215
Other Employee Benefits$5,022$22,650$0$27,672
Occupancy$0$27,455$0$27,455
Office Expenses-$26,516$0$26,516
Advertising$21,056$3,940$0$24,996
Conferences and Meetings$229$140$16,078$16,447
Insurance$0$10,859$0$10,859
Information Technology$0$10,434$0$10,434
Pension Plan Contributions$0$4,141$0$4,141
Travel$2,202$649$800$3,651
All Other Expenses$0$-103$0$-103
Total Functional Expenses$226,600$545,618$850,296$1,622,514
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$436,099
Fundraising Direct Expenses$1,501
Fundraising Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Part VI, Line 11B

Each person of the governing body is informed electronically that a final copy of Form 990 for fiscal year 2024 (07.01.2023-06.30.2024) is available upon request. In addition, all members of the finance committee will receive an emailed copy of the final submitted form 900 for fiscal year 2024.

Part VI, Line 12C

All governing body members are required to review and sign the Performing Arts Center Eastside (PACE) conflict of interest policy. A copy of this document is available upon request. Conflicts and potential conflicts are review by the CEO/ED and Governance Committee, and if necessary, the Executive Committee. When a conflict occurs, the conflicted party is asked to recuse themselves from any vote on any matter.

Part VI, Line 15A

The board determines executive compensation after a review of the CEO/ED's current compensation in comparison to similar nonprofit organizations.

Part VI, Line 19

Financial and governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Performing Arts Center Eastside
EIN
30-0100088
Phone
4254624295
Address
855 106th Ave NE Suite 150, Bellevue, WA 98004

Signing Officer

Name
Larisa Unger
Title
Executive Director
Phone
4254624295
Signed
2024-10-18

Organization Details

Principal Officer
Lora Unger
Formed
2002
Legal Domicile
Wa
Voting Board Members
27
Independent Board Members
27
Employees
4
Supplemental Narrative

Additional Explanations

Part IX, Line 11G

Line 11g Expenses to include: (B) Program service expenses include the Bellwether Art and Tech festival expenses for September of 2023, (C) Management general expenses to include payroll service fees, dues/subscriptions/memberships, and Salesforce/ticketing/website, (D) Fundraising expenses to include the PACE building project expenses

Part XI, Line 9

For part XI line 8, prior period revenue was overstated in the amount of $500,00.00. This previously reported amount was a payment on a conditional pledge that was returned to the donor during fiscal year 2024. Additional adjustments included changes in accounts payable and accrued expenses and net assets without donor restrictions for an immaterial adjustment of add $386.00. This resulted in a net change of -$499,614.00.

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