Civic Intelligence

Lensic Performing Arts Center Corp

EIN 85-0448396 • 501(c)3 • Santa Fe, NM

View Organization Page

Profile

The historic lensic - santa fe's performing arts center - enriches lives by bringing diverse art and people together. Through its accessible and affordable programming, the lensic presents and supports local and national artists and serves as a center for community, youth, and education events.

211 W San Francisco StSanta Fe, NM 87501-2128

www.lensic.com

Siviq Scores

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

Liabilities / Assets

35th percentile

0.07x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.11x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

81st percentile

20%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

66%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$22,713,093

Up $3,812,183 (+20%) from 2023

Liabilities

Up

$1,653,354

Up $496,066 (+43%) from 2023

Net Assets

Up

$21,059,739

Up $3,316,117 (+19%) from 2023

Operations
Liabilities / Revenue34th percentileNet Margin68th percentile

Revenue

Up

$14,464,594

Up $5,773,625 (+66%) from 2023

Expenses

Up

$12,403,238

Up $4,501,595 (+57%) from 2023

Net Income

Up

$2,061,356

Up $1,272,030 (+161%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

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

$30M$20M$10M$0Assets 2010: $10,367,107Liabilities 2010: $1,570,440Net Assets 2010: $8,796,6672010Assets 2011: $9,991,258Liabilities 2011: $733,334Net Assets 2011: $9,257,9242011Assets 2012: $9,261,015Liabilities 2012: $294,998Net Assets 2012: $8,966,0172012Assets 2013: $9,161,409Liabilities 2013: $310,671Net Assets 2013: $8,850,7382013Assets 2014: $9,342,510Liabilities 2014: $253,746Net Assets 2014: $9,088,7642014Assets 2015: $9,025,619Liabilities 2015: $314,726Net Assets 2015: $8,710,8932015Assets 2016: $8,683,756Liabilities 2016: $656,364Net Assets 2016: $8,027,3922016Assets 2017: $9,302,902Liabilities 2017: $469,397Net Assets 2017: $8,833,5052017Assets 2018: $10,611,067Liabilities 2018: $408,980Net Assets 2018: $10,202,0872018Assets 2019: $12,836,743Liabilities 2019: $591,792Net Assets 2019: $12,244,9512019Assets 2020: $13,296,914Liabilities 2020: $564,348Net Assets 2020: $12,732,5662020Assets 2021: $15,012,313Liabilities 2021: $751,649Net Assets 2021: $14,260,6642021Assets 2022: $17,078,022Liabilities 2022: $866,299Net Assets 2022: $16,211,7232022Assets 2023: $18,900,910Liabilities 2023: $1,157,288Net Assets 2023: $17,743,6222023Assets 2024: $22,713,093Liabilities 2024: $1,653,354Net Assets 2024: $21,059,7392024

Highlighted filing

2024

Assets$22,713,093
Liabilities$1,653,354
Net Assets$21,059,739
Open 2024 Filing

Operations Trend

Revenue Growth90th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,898,8992010Expenses 2011: $2,951,8262011Expenses 2012: $2,993,2312012Revenue 2013: $3,086,821Expenses 2013: $3,270,879Net Income 2013: -$184,0582013Revenue 2014: $3,715,056Expenses 2014: $3,476,990Net Income 2014: $238,0662014Revenue 2015: $3,297,559Expenses 2015: $3,633,281Net Income 2015: -$335,7222015Revenue 2016: $3,123,319Expenses 2016: $3,804,951Net Income 2016: -$681,6322016Revenue 2017: $4,536,661Expenses 2017: $3,662,118Net Income 2017: $874,5432017Revenue 2018: $5,491,236Expenses 2018: $3,977,006Net Income 2018: $1,514,2302018Revenue 2019: $6,226,535Expenses 2019: $4,183,671Net Income 2019: $2,042,8642019Revenue 2020: $2,803,952Expenses 2020: $2,511,524Net Income 2020: $292,4282020Revenue 2021: $4,156,320Expenses 2021: $2,887,822Net Income 2021: $1,268,4982021Revenue 2022: $6,440,957Expenses 2022: $3,782,470Net Income 2022: $2,658,4872022Revenue 2023: $8,690,969Expenses 2023: $7,901,643Net Income 2023: $789,3262023Revenue 2024: $14,464,594Expenses 2024: $12,403,238Net Income 2024: $2,061,3562024

Highlighted filing

2024

Revenue$14,464,594
Expenses$12,403,238
Net Income$2,061,356
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$22,713,093
Liabilities
$1,653,354
Net assets
$21,059,739
Revenue
$14,464,594
Expenses
$12,403,238
Net income
$2,061,356
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$1.65$21.1$14.5$12.4$2.06
2023Summary only. Only limited summary data is available for this year.$18.9$1.16$17.7$8.69$7.90$0.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$0.87$16.2$6.44$3.78$2.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$0.75$14.3$4.16$2.89$1.27
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.56$12.7$2.80$2.51$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$0.59$12.2$6.23$4.18$2.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$0.41$10.2$5.49$3.98$1.51
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.30$0.47$8.83$4.54$3.66$0.87
2016Summary only. Only limited summary data is available for this year.$8.68$0.66$8.03$3.12$3.80$0.68
2015Detailed filing. Detailed filing data is available for this year.$9.03$0.31$8.71$3.30$3.63$0.34
2014Detailed filing. Detailed filing data is available for this year.$9.34$0.25$9.09$3.72$3.48$0.24
2013Detailed filing. Detailed filing data is available for this year.$9.16$0.31$8.85$3.09$3.27$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.26$0.29$8.97$2.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.99$0.73$9.26$2.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$1.57$8.80$2.90
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$24,179,457
Mission and Program Overview

Mission

The historic lensic - santa fe's performing arts center - enriches lives by bringing diverse art and people together. Through its accessible and affordable programming, the lensic presents and supports local and national artists and serves as a center for community, youth, and education events.

The historic lensic theater provides a venue for music, theater, dance, and other art forms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,463,521$16,716,661▲ $3,253,140
Land, Buildings, and Equipment, Net$2,708,713$2,925,984▲ $217,271
Pledges and Grants Receivable$1,410,384$1,937,052▲ $526,668
Savings and Temporary Cash Investments$828,299$790,152▼ $38,147
Accounts Receivable$3,569$114,653▲ $111,084
Intangible Assets$22,368$34,913▲ $12,545
Prepaid Expenses and Deferred Charges-$15,000-
Inventories for Sale or Use$15,703$14,749▼ $954
Cash and Non-Interest-Bearing Accounts$6,522$10,922▲ $4,400
Total Assets$18,900,910$22,713,093▲ $3,812,183
Other Assets Total$441,831$153,007▼ $288,824
Liabilities
Deferred Revenue$966,124$1,439,701▲ $473,577
Accounts Payable and Accrued Expenses$168,228$178,387▲ $10,159
Other Liabilities$22,936$35,266▲ $12,330
Total Liabilities$1,157,288$1,653,354▲ $496,066
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,087,362$14,397,337▲ $2,309,975
Net Assets Without Donor Restrictions$5,656,260$6,662,402▲ $1,006,142
Total Net Assets Fund Balance$17,743,622$21,059,739▲ $3,316,117
Total Liabilities and Net Assets / Fund Balance$18,900,910$22,713,093▲ $3,812,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,111,616$4,781,594$6,893,210
Equipment$262,484$1,724,923$1,987,407
Leasehold Improvements$551,884$240,061$791,945
Other Land Buildings-$19,765$19,765

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$10,698,826$1,467,397▲ $1,714,642-$13,787,419
2023$7,162,850$2,617,414▲ $964,652-$10,698,826
2022$6,036,559$1,742,906▼ $562,355$15,102$7,162,850
2021$4,766,173$887,536▲ $441,039$15,107$6,036,559
2020$3,138,179$1,239,077▲ $431,231$14,375$4,766,173
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel AalbertsExecutive DiFT$259,820$11,756$271,576
Joel AalbertsExecutive Director-$259,820$20,043$271,576
James LenfesteyDirector LenFT$171,467$8,287$179,754
James LenfesteyDirector Lensic 360-$171,467-$179,754
Laura AcquavivaManaging DirectorFT$154,995$7,750$162,745
Noelle MillerFinance DireFT$143,118$7,156$150,274
Noelle MillerFinance Director-$143,118$7,156$150,274
Timothy FrankeAssociate DiFT$112,447-$112,447

Board Members and Trustees

NameTitle
Nancy ZeckendorfChair, Found
Karen DurkovichPresident
Anna AguileraDirector
Anne BingamanDirector
Chris AndersenDirector
Dr Robert MartinDirector
Elisa MontoyaDirector
Gerald StiebelDirector
Jenny KimballDirector
John BernsteinDirector
Margie KintzDirector
Maria GaleDirector
Marisa OrnelasDirector
Michael EnglDirector
Michael RobbinsDirector
Sandy PeinadoDirector
Sarah BrownDirector
Sue ColitonDirector
Alexis GirardSecretary
Lawrence BecerraTreasurer
Andrew EisemanVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Paper TigerPrinting Servic1248 SAN FELIPE AVE, Santa Fe, NM 87505$109,022
Revenue and Support

Revenue Composition

Contributions and Grants
$4,779,574
Program Service Revenue
$8,763,473
Investment Income
$546,696
Other Revenue
$374,851
All Other Contributions
$4,432,337
Change in Net Assets
$2,061,356

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$50,627Value Per Donor
Total Noncash Contributions$50,627-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,468,157
Revenue Not Reported on Financial Statements
$-3,563
Revenue Not Reported on Form 990
$1,591,410
Other Revenue Adjustments
$-97,010
Total Revenue per Audited Statements
$16,059,567
Total Revenue per Form 990
$14,464,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,971,263
Salaries, Compensation, and Employee Benefits$3,431,975
Total Fundraising Expense$986,064
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,261,760$526,641$530,019$2,318,420
Current Officers, Directors, Trustees, and Key Employees$318,156$132,793$133,646$584,595
Depreciation Depletion$467,520--$467,520
Occupancy$384,596$61,671-$446,267
Advertising$402,642$8,651$1,353$412,646
Other Employee Benefits$129,180$53,918$54,264$237,362
Payroll Taxes$120,269$50,199$50,521$220,989
Other Expenses$154,346$54,114$147,458$208,460
Office Expenses$92,436$58,395$52,056$202,887
Travel$124,736$26,573-$151,309
Insurance$121,854$8,275-$130,129
Fees for Services Other$9,588$89,117$20,462$119,167
Fees for Service Investment Mgmnt Fees-$93,447-$93,447
Pension Plan Contributions$38,428$16,040$16,141$70,609
Conferences and Meetings-$22,088-$22,088
All Other Expenses$8,269$10,054$-33,599$-15,276
Total Functional Expenses$10,060,957$1,356,217$986,064$12,403,238

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,646,086
Expenses per Audited Statements$12,406,801
Total Expenses per Form 990$12,403,238
Expenses Not Reported on Form 990$239,285
Expenses Not Reported on Financial Statements$-3,563
Other Expense Adjustments$-97,010
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$138,400
Fundraising Direct Expenses$59,906
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$485,637$138,400$28,944$109,456
Total Events$485,637$138,400$59,906$78,494
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$35,266
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 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
No
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 990 was e-mailed to the board of directors for review prior to filing.”

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

“Board members are required to review the conflict of interest policy annually.”

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

“A performance evaluation review is conducted by the administrative review committee, which consists of at least three board members. Board members also review the written employment contracts and job performance.”

Form 990, Page 6, Part VI, Line 19

“All public disclosure documents are copied and mailed to any person who makes a request.”

Filing and Contact Details

Filer

Filer Name
Lensic Performing Arts Center
EIN
85-0448396
Phone
5059887050
Address
211 W SAN FRANCISCO ST, SANTA FE, NM 87501-2128

Signing Officer

Name
Joel Aalberts
Title
Executive Director
Phone
5059887050
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Aalberts
Formed
1997
Legal Domicile
Nm
Voting Board Members
21
Independent Board Members
21
Employees
108
Volunteers
89

Preparer

Firm
Hinkle Landers Pc
Address
2500 9TH ST NW, ALBUQUERQUE, NM 87102-1055
Preparer
Farley Vener
Phone
5058838788
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The historic lensic - santa fe's performing arts center - enriches lives by bringing diverse art and people together. Through its accessible and affordable programming, the lensic presents and supports locl and national artists and serves as a center for community, youth, and education events.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The purpose of the endowment fund is to provide a predictable stream of funding to programs.”

Schedule D, Page 3, Part X

“The lensic is exempt from federal income tax under section 501(c)(3) of the internal service as an organization that is not a private foundation. The lensic currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded. The lensic files federal forms 990 in the u.s. Federal jurisdiction. The 990 is also filed with the new mexico department of justices online charitable registration. The lensic is generally no longer subject to examination by the internal revenue service and the new mexico taxation and revenue department for the years ended before 2021. The lensic is not currently under audit nor has the lensic been contacted by any of these jurisdictions. Management believes that they are operating within their tax-exempt purpose.”

Schedule D, Page 4, Part XI, Line 4B

“Cost of inventory sales -97,010”

Schedule D, Page 4, Part XII, Line 4B

“Cost of inventory sales -97,010”

Raw XML AppendixShowing 400 of 729 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.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0168228
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0178387
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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE HISTORIC LENSIC THEATER PROVIDES A VENUE FOR MUSIC, THEATER, DANCE, AND OTHER ART FORMS.
IRS990/AdvertisingGrp/FundraisingAmt01353
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IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum05059887050
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0211 W SAN FRANCISCO ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0SANTA FE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0875012128
IRS990/BusinessRlnWith35CtrlEntInd0false
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IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt06522
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IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NM
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IRS990/ContractorCompensationGrp/ServicesDesc0PRINTING SERVIC
IRS990/ContriRptFundraisingEventAmt0347237
IRS990/CostOfGoodsSoldAmt097010
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04779574
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0546696
IRS990/CYOtherExpensesAmt08971263
IRS990/CYOtherRevenueAmt0374851
IRS990/CYProgramServiceRevenueAmt08763473
IRS990/CYRevenuesLessExpensesAmt02061356
IRS990/CYSalariesCompEmpBnftPaidAmt03431975
IRS990/CYTotalExpensesAmt012403238
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014464594
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt0966124
IRS990/DeferredRevenueGrp/EOYAmt01439701
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0467520
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IRS990/Desc0THE 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, 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.
IRS990/DescribedInSection501c3Ind0true
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IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0108
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt03451708
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IRS990/FeesForServicesOtherGrp/TotalAmt0119167
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt093447
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt093447
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
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