2024-05-13T18:05:18-05:00 2023-06-30 953001179 WINDESINC PO BOX 87 LONG BEACH CA 908010087 990 2022-07-01 953254351 PALOS VERDES PERFORMING ARTS PALO 3105440403 27570 NORRIS CENTER DR ROLLING HILLS ESTATES CA 90274 ABBY J DOUGLASS PRESIDENT 3105440403 2024-05-10 1 ABBY DOUGLASS 999009999 1 AARON PHILLIPS P01654760 5624351191 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JULIE MOE REYNOLDS 27570 NORRIS CENTER DR ROLLING HILLS ESTATES CA 90274 3022953 0 X WWW.PALOSVERDESPERFORMINGARTS.COM X 1978 CA TO PROVIDE A PERFORMING ARTS CENTER WHICH ENRICHES THE SOUTH BAY COMMUNITY BY FOSTERING THE PERFORMING ARTS THROUGH PROFESSIONAL PERFORMANCES, COMMUNITY USE FOR CULTURAL ACTIVITIES AND THE PROVISION OF EDUCATIONAL AND OUTREACH PROGRAMS. 7 6 35 45 0 0 2816927 995813 1563273 1829479 162345 4858 8232 1090 4550777 2831240 11755 3690 0 0 906349 1076328 0 0 52665 2245947 1965072 3164051 3045090 1386726 -213850 6054669 5606505 1525348 1276927 4529321 4329578 X TO PROVIDE A PERFORMING ARTS CENTER WHICH ENRICHES THE SOUTH BAY COMMUNITY BY FOSTERING THE PERFORMING ARTS THROUGH PROFESSIONAL PERFORMANCES, COMMUNITY USE FOR CULTURAL ACTIVITIES AND THE PROVISION OF EDUCATIONAL AND OUTREACH PROGRAMS. 0 0 1288755 670567 COMMUNITY THEATRE - THE THEATER PROVIDES A VARIETY OF PROGRAMS TO ENRICH AND ENTERTAIN, ALSO HAS OUTREACH PROGRAMS TO BUILD AND MAINTAIN CULTURALLY AWARE AUDIENCES. 595927 3690 661849 EDUCATION - THE ORGANIZATION PROVIDES A VARIETY OF CLASSES IN THE PERFORMING ARTS INCLUDING DANCE, VOICE AND ACTING FOR ALL AGES. 451669 498153 THEATRE/PAVILION RENTALS - AS PART OF OUR COMMUNITY SERVICES WE RENT THE SPACE IN OUR PAVILION AND THEATRE FOR LOCAL GROUPS TO HAVE RECITALS, SHOWS, COMMUNITY CITY FUNCTIONS, AND PARTIES. SUPPORT GROUP - THE ORGANIZATION, AS A PART OF COMMUNITY OUTREACH, HAS SUPPORT GROUPS THAT PARTICIPATE IN THEATRE, EDUCATIONAL AND SOCIAL ACTIVITIES. 2336351 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X JULIE MOE REYNOLDS 3105440403 27570 NORRIS CENTER DR ROLLING HILLS ESTATES CA 90274 ABBY J DOUGLAS PRESIDENT 2.00 X X 0 0 0 STEVE MOE VICE PRESIDENT 2.00 X X 0 0 0 SUE SOLDOFF BOARD MEMBER 1.00 X 0 0 0 PAM BARRETT HILL BOARD MEMBER 1.00 X 0 0 0 JOHN T RANAUDO BOARD MEMBER 1.00 X 0 0 0 JOHN SANDERS BOARD MEMBER 1.00 X 0 0 0 JACKIE CROWLEY BOARD MEMBER UNTIL 09/2022 1.00 X 0 0 0 BETTY REIDER BOARD MEMBER UNTIL 05/2023 1.00 X 0 0 0 JULIE MOE REYNOLDS EXECUTIVE DIRECTOR 40.00 X X 193599 0 1987 GREG FORBESS OPERATIONS AND TECHNICAL DIRECTOR 40.00 X 101691 0 9260 295290 0 11247 2 0 1 0 0 80638 915175 995813 THEATRE SHOWS & PERFOR 900099 670567 670567 CONSERVATORY CLASSES & 900099 660759 660759 THEATRE AND PAVILION R 532000 498153 498153 1829479 21649 21649 174922 191713 -16791 -16791 -16791 BILLED SERVICES 900099 1090 1090 1090 2831240 1830569 0 4858 3690 3690 210658 96817 61176 52665 566603 379176 187427 119831 83627 36204 179236 117551 61685 50578 50578 47350 47350 51358 23201 28157 59122 57355 1767 8109 1750 6359 65655 45315 20340 306654 306014 640 32980 28354 4626 5045 5045 340523 306471 34052 40483 26862 13621 PRODUCTION EXPENSES 620738 620738 PRINTING AND REPRODUCTI 103672 99406 4266 POSTAGE & DELIVERY 76551 76221 330 LOSS ON DISPOSAL OF CON 58019 58019 98235 63803 34432 3045090 2336351 656074 52665 372369 345067 2429105 1405463 39250 113171 10495517 7832775 2378796 2662742 835149 1080062 6054669 5606505 584012 322433 767185 818267 24151 150000 136227 1525348 1276927 X 2747619 2391650 1781702 1937928 4529321 4329578 6054669 5606505 -213850 14107 0 X 0 1 X 1 0 X 942392 543290 890731 2816927 995813 6189153 942392 543290 890731 2816927 995813 6189153 1561414 4627739 88867 36999 7281 22496 21649 177292 9830 11309 14622 8232 1090 45083 6411528 7167754 0.72180 X 0.96620 0.01250 SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 9,830. 2019 AMOUNT: $ 11,309. 2020 AMOUNT: $ 14,622. 2021 AMOUNT: $ 8,232. 2022 AMOUNT: $ 1,090. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 835149 244913 1080062 1051456 -216307 835149 1252349 -200893 1051456 1260396 -8047 1252349 1244560 15836 1260396 0.63310 0.36690 0 0 514308 514308 8501385 6754577 1746808 393220 235385 157835 896200 657681 238519 190404 185132 5272 2662742 EIDL LOAN 136227 136227 X 2831851 14107 60208 -73704 611 2831240 0 2831240 3031594 60208 -15685 44523 2987071 58019 58019 3045090 PART V, LINE 4: PALOS VERDES PERFORMING ARTS (PVPA) ENDOWMENT FUND SHALL BE MAINTAINED AS A SINGLE FUND, SEPARATE FROM ALL OTHER ASSETS OF THE PVPA AND SHALL BE UNDER THE CONTROL AND MANAGEMENT OF PVPA BOARD OF TRUSTEES. ITS PURPOSE IS TO PROVIDE A PERPETUAL SORUCE OF FUNDS FOR MAINTENANCE AND RENEWAL OF THE THEATRE AND PAVILION AND, AS AVAILABLE, TO CONTRIBUTE TO PVPA OPERATING FUNDS. PART X, LINE 2: 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 STATUE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUPPORT EXPENSES -15,685. LOSS ON DISPOSAL OF CONSTRUCTION IN PROGRESS -58,019. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUPPORT EXPENSES -15,685. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF CONSTRUCTION IN PROGRESS 58,019. FORM 990, PART X, LINE 25: ECONOMIC INJURY DISASTER LOAN IN JULY 2020, THE ORGANIZATION RECEIVED AN ECONOMIC INJURY DISASTER LOAN (EIDL) UNDER THE SBA'S ASSISTANCE PROGRAM IN LIGHT OF THE IMPACT OF THE COVID-19 PANDEMIC IN AMOUNT OF $150,000. PURSUANT TO THE EIDL AGREEMENT, THE ORGANIZATION EXECUTED; (I) A NOTE FOR THE BENEFIT OF THE SMALL BUSINESS ADMINISTRATION (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. INSTALLMENT PAYMENTS, INCLUDING PRINCIPAL AND INTEREST, ARE DUE MONTHLY. THE BALANCE OF PRINCIPAL AND INTEREST IS PAYABLE 30 YEARS FROM THE DATE OF THE EIDL AGREEMENT. AS OF JUNE 30, 2023, THE OUTSTANDING BALANCE ON THE EIDL LOAN IS $136,227. X 0 0 0 0 0 0 0 0 0 JULIE MOE REYNOLDS EXECUTIVE DIRECTOR 193599 0 0 0 0 0 0 0 1987 0 195586 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JULIE MOE REYNOLDS AND STEVEN MOE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS THE ORGANIZATION USES TO REVIEW FORM 990. THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S DIRECTOR OF FINANCE, EXECUTIVE DIRECTOR, AUDIT COMMITTEE, AND FINANCE COMMITTEE. THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DESCRIBE HOW THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE ORGANIZATION HAS POLICIES RELATING TO REGULAR MONITORING AND ENFORCING COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THESE POLICIES HAVE BEEN WRITTEN AND DISTRIBUTED TO ALL EMPLOYEES AND VOLUNTEERS. 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 ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.