NTC FOUNDATION

EIN: 900126641 501(c)(3) Arts, Culture & Humanities

SAN DIEGO, CA

Total Revenue
$6,380,813
Total Expenses
$6,902,786
Total Assets
$42,741,444
Net Assets
$30,060,242
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CA
Principal Officer
NINA LEUNG
Phone
6192261490
Tax Period
2023-01-01 to 2023-12-31

NTC FOUNDATION, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $30.1M represent 57 months of operating reserves.

Mission

TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE FORMER NAVAL TRAINING CENTER ("NTC"), DESIGNATED AS THE "HISTORIC ARTS AND CULTURE DISTRICT". GENERAL PURPOSES OF THE FOUNDATION ARE TO OPERATE THE ARTS AND CULTURE DISTRICT AND DEVELOP PROGRAMS THAT PIONEER THE IMAGINATIVE USE OF THE ARTS AND CULTURE DISTRICT PRESERVING THE DIVERSE CULTURE OF THE SAN DIEGO REGION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $481,992
Program Service Revenue $5,454,347
Investment Income $267,164
Other Revenue $177,310
TOTAL REVENUE $6,380,813

Expense Breakdown

Grants Paid $0
Salaries & Benefits $906,434
Fundraising Expenses $169,783
Program Expenses $6,292,293
Other Expenses $5,995,156
TOTAL EXPENSES $6,902,786

Year-over-Year Comparison

2023 2022 Change
Revenue $6,380,813 $5,464,682 +0.2%
Expenses $6,902,786 $6,054,764 +0.1%
Net Income $-521,973 $-590,082 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
10
Volunteers
1

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
1
$189,200
Total Directors
16
$189,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDITH NORA CHAIR, PELL INVESTMENTS LLC CFO 10.00
Director
$0 $0 $0
KATHY KRENTLER VICE-CHAIR, PROFESSOR, SAN DIEGO STATE UNIVERSITY, 10.00
Director
$0 $0 $0
KEN STIPANOV PAST-CHAIR, COMMUNITY LEADER 5.00
Director
$0 $0 $0
KURT CHILCOTT TREASURER, CDC SMALL BUSINESS FINANCE 5.00
Director
$0 $0 $0
LINDY MAMER SECRETARY, BANKING, COMMUNITY LEADER 5.00
Director
$0 $0 $0
RICH GUSTAFSON CITYMARK DEVELOPMENT 5.00
Director
$0 $0 $0
BURT ESPE THE OHANA BAYAN PROJECT 5.00
Director
$0 $0 $0
LISA JOHNSON PRESIDENT & CEO 40.00
Officer Director
$189,200 $0 $189,200
JAVIER DELEON COMMUNITY LEADER 5.00
Director
$0 $0 $0
PAULA C PETER PROFESSOR OF MARKETING SDSU 5.00
Director
$0 $0 $0
SALOMON MAYA TELEVISA 5.00
Director
$0 $0 $0
DR MARK SANCHEZ SUPERINTENDENT/PRESIDENT SOUTHWESTERN COLLEGE 5.00
Director
$0 $0 $0
JASON PAGUIO COMMUNITY LEADER 5.00
Director
$0 $0 $0
VICKI REED COMMUNITY LEADER 5.00
Director
$0 $0 $0
SIDD VIVEK COMMUNITY LEADER 5.00
Director
$0 $0 $0
LYNETTE SANTOS COUNTY OF SAN DIEGO 5.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $6,380,813 $6,902,786 $42,741,444 $-521,973
2022 $5,464,682 $6,054,764 $49,111,472 $-590,082
2021 $9,435,197 $5,173,801 $54,489,877 $4,261,396
2021 $6,267,631 $5,977,787 $51,391,407 $289,844
2020 $15,656,384 $7,508,158 $51,356,055 $8,148,226
2019 $4,574,296 $5,122,038 $42,932,584 $-547,742
2018 $4,135,518 $4,083,768 $44,264,735 $51,750
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