STUDIOS FOR THE PERFORMING ARTS OPERATING COMPANY

EIN: 300390619 501(c)(3) Arts, Culture & Humanities

SACRAMENTO, CA

Total Revenue
$1,877,531
Total Expenses
$1,552,159
Total Assets
$6,665,043
Net Assets
$6,104,129
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CA
Principal Officer
GREG AGUIRRE
Phone
9167502136
Tax Period
2023-07-01 to 2024-06-30

STUDIOS FOR THE PERFORMING ARTS OPERATING COMPANY, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 17% operating margin.

Mission

CLARA PROVIDES ARTS EDUCATION, ACCESS, AND RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $463,403

CLARA PROVIDES EIGHT CULTURAL ORGANIZATIONS WITH PERMANENT SPACE IN A DECOMMISSIONED SCHOOL PROPERTY. TENANTS ENJOY BELOW MARKET-RATE RENT IN EXCHANGE FOR HELPING CLARA PROVIDE FREE ARTS PROGRAMS TO...

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CLARA PROVIDES EIGHT CULTURAL ORGANIZATIONS WITH PERMANENT SPACE IN A DECOMMISSIONED SCHOOL PROPERTY. TENANTS ENJOY BELOW MARKET-RATE RENT IN EXCHANGE FOR HELPING CLARA PROVIDE FREE ARTS PROGRAMS TO DESIGNATED TITLE I SCHOOLS IN SACRAMENTO CITY UNIFIED SCHOOL DISTRICT. IMPACT: ABOUT 2,500 STUDENTS SERVED THROUGH FREE PROGRAMMING IN FISCAL 2024. CULTURAL ORGANIZATIONS, REACHING MORE THAN 70,000 SACRAMENTO RESIDENTS, WRE ABLE TO INVEST MORE RESOURCES IN THEIR WORK RATHER THAN THEIR RENT.

Program 2
Expenses: $737,232

CLARA PROVIDES STUDENTS IN TITLE I SACRAMENTO COUNTY PUBLIC SCHOOLS WITH ACCESS TO CLASSES AND PERFORMANCES IN DANCE, MUSIC, AND THEATER. THIS INCLUDES 10-WEEK IN-SCHOOL ARTIST RESIDENCIES; PRE-AND...

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CLARA PROVIDES STUDENTS IN TITLE I SACRAMENTO COUNTY PUBLIC SCHOOLS WITH ACCESS TO CLASSES AND PERFORMANCES IN DANCE, MUSIC, AND THEATER. THIS INCLUDES 10-WEEK IN-SCHOOL ARTIST RESIDENCIES; PRE-AND POST-SHOW WORKSHOPS PAIRED WITH FREE TICKETS TO STUDENT MATINEES; LEADERSHIP AND CAREER-DEVELOPMENT PROGRAMS THROUGH THE ARTS; AND SUMMER CAMPS SERVING STUDENTS GRADES TK-12. CLARA ALSO OFFERS VIRTUAL TEACHING RESIDENCIES BRANDED AS "CLARA CLASSROOM", ALLOWING HE ORGANIZATION TO EXPAND ITS ARTS EDUCATION REACH BEYOND SACRAMENTO COUNTY. IN FY 2024, ABOUT 80,000 STUDENTS WERE COLLECTIVELY SERVED BY ONE OR MORE OF THESE PROGRAMS.

Program 3
Expenses: $122,123

CLARA PROVIDES REHEARSAL AND PERFORMANCE SPACE FOR A NUMBER OF SMALL ARTS GROUPS IN OUR COMMUNITY, WITH WEEKLY CLASSES AND REHEARSALS TAKING PLACE 6 DAYS PER WEEK. MORE THAN 30 CULTURAL GROUPS USE...

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CLARA PROVIDES REHEARSAL AND PERFORMANCE SPACE FOR A NUMBER OF SMALL ARTS GROUPS IN OUR COMMUNITY, WITH WEEKLY CLASSES AND REHEARSALS TAKING PLACE 6 DAYS PER WEEK. MORE THAN 30 CULTURAL GROUPS USE OUR EVENT AND CLASSROOM SPACE FOR THEIR COMMUNITY EVENTS EACH YEAR, SERVING ABOUT 5,000 SACRAMENTO RESIDENTS PER YEAR.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,040,753
Program Service Revenue $820,980
Investment Income $13,058
Other Revenue $2,740
TOTAL REVENUE $1,877,531

Expense Breakdown

Grants Paid $0
Salaries & Benefits $661,124
Fundraising Expenses $46,776
Program Expenses $1,322,758
Other Expenses $891,035
TOTAL EXPENSES $1,552,159

Year-over-Year Comparison

2023 2022 Change
Revenue $1,877,531 $1,456,217 +0.3%
Expenses $1,552,159 $1,407,362 +0.1%
Net Income $325,372 $48,855 +5.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
37
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$85,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG AGUIRRE PRESIDENT 10.00
Officer Director
$0 $0 $0
CHARLES DEANGELUS SECRETARY 10.00
Officer Director
$0 $0 $0
TASHINA BRITO BOARD MEMBER 5.00
Director
$0 $0 $0
BRYAN CHEN TREASURER 5.00
Officer Director
$0 $0 $0
BURT COHEN BOARD MEMBER 5.00
Director
$0 $0 $0
JASON JONG BOARD MEMBER 5.00
Director
$0 $0 $0
MICHAEL STEVENSON BOARD MEMBER 5.00
Director
$0 $0 $0
ERIC RIVIERA-JURADO BOARD MEMBER 5.00
Director
$0 $0 $0
MARTIN STEINER BOARD MEMBER 5.00
Director
$0 $0 $0
SARA SLOCUM BOARD MEMBER 5.00
Director
$0 $0 $0
CHRISTHANNAH LUTEN BOARD MEMBER 5.00
Director
$0 $0 $0
MEGAN WYGANT EXECUTIVE DIRECTOR 40.00
Officer
$85,000 $0 $85,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,877,531 $1,552,159 $6,665,043 $325,372
2023 $1,456,217 $1,407,362 $6,015,362 $48,855
2022 $836,137 $1,050,571 $5,937,759 $-214,434
2021 $704,868 $863,623 $11,745,652 $-158,755
2020 $447,457 $811,713 $11,932,146 $-364,256
2019 $498,531 $758,345 $12,231,128 $-259,814
2018 $455,749 $580,562 $12,683,129 $-124,813
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