2024-05-15T16:19:49-05:00 2023-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 90801 990 2022-07-01 412221712 MADISON PROJECT MADI 3104343430 1900 PICO BLVD SANTA MONICA CA 90405 ROB BAILIS EXECUTIVE DIRECTOR 3104343430 2024-05-14 1 ROB BAILIS 999009999 1 AARON PHILLIPS P01654760 5624351191 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE BROAD STAGE ROB BAILIS 1900 PICO BLVD SANTA MONICA CA 90405 6082159 0 X WWW.THEBROADSTAGE.COM X 2006 CA TO PRESENT PERFORMANCES FOR THE GENERAL PUBLIC. 15 13 66 35 0 0 3435015 4603607 1090474 1053297 211552 269506 109698 96945 4846739 6023355 0 0 0 0 1772974 1855448 0 154500 682372 4228332 3277800 6001306 5287748 -1154567 735607 18228148 20463440 1560119 871204 16668029 19592236 THE BROAD STAGE GATHERS ARTISTS, THINKERS AND AUDIENCES TO CELEBRATE OUR SHARED HUMANITY AND EXPAND THE ROLE THE ARTS PLAY IN THE VITALITY OF OUR DIVERSE COMMUNITY. 0 0 4173986 1053297 THE MADISON PROJECT PRESENTED 69 PERFORMANCES OF MUSIC, OPERA, THEATER AND DANCE DURING THE FISCAL YEAR JUNE 30, 2023.EDUCATION & OUTREACH - THE MADISON PROJECT PRESENTED 26 FAMILY PERFORMANCES, LECTURES, AND MASTER CLASSES FOR STUDENTS OF ALL AGES DURING THE FISCAL YEAR JUNE 30, 2023. 4173986 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 68 0 1 66 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MATTHEW RIMMER 3104343430 1900 PICO BLVD SANTA MONICA CA 90405 DR KATHRYN E JEFFERY DIRECTOR 5.00 40.00 X 0 349603 84564 ROBERT BAILIS EXECUTIVE DIRECTOR 40.00 X 114627 170692 43359 NANCY GREENSTEIN DIRECTOR 2.00 10.00 X 0 4800 11601 SUSAN AMINOFF DIRECTOR 2.00 10.00 X 0 4800 1691 JENNIFER DIENER CHAIR 5.00 X X 0 0 0 BARBARA HERMAN SECRETARY 5.00 X X 0 0 0 ANNE TAUBMAN VICE-CHAIR & TREASURER 5.00 X X 0 0 0 KATRIN CZINGER DIRECTOR 2.00 X 0 0 0 LAURIE BENENSON DIRECTOR 2.00 X 0 0 0 GERUN RILEY DIRECTOR 2.00 X 0 0 0 RICHARD KENDALL DIRECTOR 2.00 X 0 0 0 LAURA MASLON DIRECTOR 2.00 X 0 0 0 PHILLIP ROTNER DIRECTOR 2.00 X 0 0 0 MARK SMITH DIRECTOR 2.00 X 0 0 0 SUSAN STOCKEL DIRECTOR 2.00 X 0 0 0 GREGORY RAE DIRECTOR 2.00 X 0 0 0 114627 529895 141215 1 0 1 0 K2 CONSULTING GROUP 5428 BROMLEY DRIVE OAK PARK CA 91377 DEVELOPMENT CONSULTING SERVICES 154500 JONES & ASSOCIATES ACCOUNTING PC 8581 SANTA MONICA BLVD 15 WEST HOLLYWOOD CA 90069 OUTSOURCED ACCOUNTING 149010 2 175810 821153 3606644 40133 4603607 TICKET SALES 711300 990150 990150 BOX OFFICE FEES 711300 63147 63147 1053297 269506 269506 87105 87105 22475 175810 58804 -36329 -36329 CONCESSION INCOME 711300 25177 25177 OTHER INCOME 711300 20311 20311 MERCHANDISE INCOME 711300 681 681 46169 6023355 1053297 0 366451 114627 57314 57313 1509780 1139463 28270 342047 30241 22395 1263 6583 71567 25653 7390 38524 129233 90890 6107 32236 3806 3806 184048 184048 154500 154500 72654 72654 359136 349058 10078 344955 341260 30 3665 174817 164790 1013 9014 254176 236514 8964 8698 25794 10888 14906 9056 9056 ARTIST FEES 1034726 1034126 600 PERFORMANCE 492707 489707 3000 PRINTING 85513 71296 6050 8167 POSTAGE AND DELIVERY 62699 56196 2779 3724 173713 84436 74976 14301 5287748 4173986 431390 682372 1791141 2229859 10191 10192 1480115 1785318 173491 83714 367333 350812 35757 16521 14737453 16226443 0 111393 18228148 20463440 954722 709135 143412 2069 461985 160000 1560119 871204 X -362754 -92971 17030783 19685207 16668029 19592236 18228148 20463440 735607 2188600 0 X 0 1 X 1 0 X 3269923 2579493 12617413 3435016 4603607 26505452 3269923 2579493 12617413 3435016 4603607 26505452 12567838 13937614 600836 257979 123772 299604 356611 1638802 57218 36736 117545 22151 46169 279819 28424073 4704038 0.49030 0.39780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 57,218. 2019 AMOUNT: $ 36,736. 2020 AMOUNT: $ 117,545. 2021 AMOUNT: $ 1,000. 2022 AMOUNT: $ 20,311. CONCESSION INCOME - 2021 AMOUNT: $ 21,096. 2022 AMOUNT: $ 25,177. MERCHANDISE INCOME - 2021 AMOUNT: $ 55. 2022 AMOUNT: $ 681. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16597719 2380422 1000000 17978141 19516693 -2918974 16597719 7379827 10000000 2444007 307141 19516693 7351188 28639 7379827 7427919 323269 400000 7351188 0.00000 0.97300 0.02700 0 1 1 367333 350812 16521 16521 EIDL LOAN 160000 160000 X 8817192 2188600 677891 2866491 5950701 72654 72654 6023355 5892985 677891 677891 5215094 72654 72654 5287748 PART V, LINE 4: DESCRIBE THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE ENDOWMENT FUND'S INTENDED USE IS TO PROVIDE FOR THE OPERATIONAL EXPENSES OF THE THEATER. PART X, LINE 2: FIN 48: THE ORGANIZATION IS A NONPROFIT, PUBLIC-BENEFIT CORPORATION ORGANIZED UNDER THE LAWS OF CALIFORNIA AND, AS SUCH, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CORRESPONDING STATE PROVISION. HOWEVER, THE ORGANIZATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM TRADE OR BUSINESS REGULARLY CARRIED ON AND NOT IN THE FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT RECEIVED INCOME FROM ANY UNRELATED TRADE OR BUSINESS AND, AS SUCH, NO INCOME TAX PROVISION HAS BEEN RECORDED ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. FORM 990, PART X, LINE 15 - ERC RECEIVABLE: THE EMPLOYEE RETENTION CREDIT (ERC) WAS ENACTED IN MARCH 2020 BY THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) AND AMENDED IN DECEMBER 2020, BY THE TAXPAYER CERTAINTY AND DISASTER TAX RELIEF ACT (TCDTR ACT). THE ERC IS A REFUNDABLE TAX CREDIT AGAINST CERTAIN EMPLOYMENT TAXES EQUAL TO 50% OF THE QUALIFIED WAGES AN ELIGIBLE EMPLOYER PAID TO EMPLOYEES IN CALENDAR YEAR 2020 (BETWEEN MARCH 2020 AND BEFORE JANUARY 2021) AND 70% OF THE QUALIFIED WAGES IN CALENDAR YEAR 2021. DURING THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION RECOGNIZED $111,393 OF REFUNDABLE ERCS CLAIMED UNDER PROVISIONS OF THE CARES ACT AND TCDTR ACT ON THE ACCOMPANYING STATEMENT OF ACTIVITIES. AS OF JUNE 30, 2023, THE ORGANIZATION HAS RECOGNIZED A RECEIVABLE OF $111,393 ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. THE AMOUNT WAS COLLECTED IN FULL SUBSEQUENT TO YEAR END. FORM 990, PART X, LINE 25 - EIDL: IN JUNE 2020, THE ORGANIZATION RECEIVED AN ECONOMIC INJURY DISASTER LOAN ("EIDL") UNDER THE SMALL BUSINESS ADMINISTRATION'S (SBA) ASSISTANCE PROGRAM IN LIGHT OF THE IMPACT OF THE COVID-19 PANDEMIC. PURSUANT TO THE EIDL AGREEMENT, THE ORGANIZATION RECEIVED A FORGIVABLE ADVANCE OF $10,000 AND LOAN OF $150,000, TO BE USED FOR WORKING CAPITAL PURPOSES ONLY. PURSUANT TO THE EIDL AGREEMENT, THE ORGANIZATION EXECUTED; (I) A NOTE FOR THE BENEFIT OF THE SBA, WHICH CONTAINS CUSTOMARY EVENTS OF DEFAULT; AND (II) A SECURITY AGREEMENT, GRANTING THE SBA A SECURITY INTEREST IN ALL TANGIBLE AND INTANGIBLE PERSONAL PROPERTY OF THE ORGANIZATION, WHICH ALSO CONTAINS CUSTOMARY EVENTS OF DEFAULT. THE EIDL BEARS AN INTEREST RATE OF 2.75% PER ANNUM WHICH ACCRUES FROM THE DATE OF THE ADVANCE. PAYMENTS WILL BE APPLIED FIRST TO ACCRUED INTEREST AND THEN OUTSTANDING PRINCIPAL. INSTALLMENT PAYMENTS OF $641, INCLUDING PRINCIPAL AND INTEREST, IS PAYABLE, FOR 30-YEARS FROM THE DATE OF THE EIDL AGREEMENT, WITH FINAL PAYMENT DUE JULY 2050. X X X X X X X 1 K2 CONSULTING GROUP KATHY KRAAS 5428 BROMLEY DRIVE OAK PARK CA 91377 DEVELOPMENT CONSULTING SERVICES 0 0 154500 0 154500 CA GALA EVENT 198285 175810 22475 58804 198285 175810 22475 58804 58804 -36329 X 0 0 0 0 0 0 0 0 0 DR KATHRYN E JEFFERY DIRECTOR 0 349603 0 0 0 0 0 0 0 84564 0 434167 0 0 ROBERT BAILIS EXECUTIVE DIRECTOR 114627 170692 0 0 0 0 0 0 0 43359 114627 214051 0 0 X 1 40133 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THIS ITEM REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 6 DOES THE ORGANIZATION HAVE MEMBERS OR STOCKHOLDERS? THE ORGANIZATION HAS ONE CLASS OF MEMERSHIP. THE SOLE MEMBER IS THE PRESIDENT/CEO OF SANTA MONICA COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A DO ANY OF THE MEMBERS OR STOCKHOLDERS HAVE THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY? THE SOLE MEMBER, PRESIDENT/CEO OF SANTA MONICA COLLEGE, HAS THE RIGHT TO VOTE ON THE ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ARE ANY GOVERNANCE DECISIONS OF THE ORGANIZATION SUBJECT TO APPROVAL BY THE MEMBERS, OR PERSONS OTHER THAN THE GOVERNING BODY? THE SOLE MEMBER, PRESIDENT/CEO OF SANTA MONICA COLLEGE, HAS THE RIGHT TO SOLELY CHOOSE TO VETO OR DECIDE ON THE OPERATIONS OF THE ORGANIZATION, INCLUDING THE FOLLOWING: BYLAW CHANGES, DISPOSAL OF SUBSTANTIALLY ALL ASSETS, MERGERS, OR ELECTIONS TO DISSOLVE THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990. FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE FORM 990 IS THEN DISTRIBUTED TO THE ENTIRE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C DESCRIBE THE PROCESS THE ORGANIZATION USES TO MONITOR AND ENFORCE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE ORGANIZATION ADMINISTERS ANNUAL QUESTIONNAIRES TO ALL BOARD MEMBERS. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST THAT MAY EXIST. THE CHIEF OPERATING OFFICER IS RESPONSIBLE FOR MONITORING COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 DESCRIBE THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S BOARD, MANAGEMENT, AND OTHER EMPLOYEES. COMPENSATION OF OFFICERS IS REVIEWED AND APPROVED IN AN EXECUTIVE SESSION BY THE COMPENSATION COMMITTEE. THE ENTIRE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BROAD STAGE BOARD, WHICH INCLUDES THE PRESIDENT OF SANTA MONICA COLLEGE, THE PRESIDENT OF THE BROAD FOUNDATION AND THE BROAD STAGE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SANTA MONICA COLLEGE FOUNDATION 1900 PICO BOULEVARD SANTA MONICA CA 90405 956047779 PROVIDE SCHOLARSHIPS TO SANTA MONICA COLLEGE STUDENTS CA 501(C)(3) LINE 5 N/A 0 SANTA MONICA COLLEGE 1900 PICO BOULEVARD SANTA MONICA CA 90405 952767537 COMMUNITY COLLEGE CA PUBLIC COLLEGE N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0