Studios for the Performing Arts Operating Co

Tax-deductible

Sacramento, CA501(c)(3)Arts & CultureEIN 30-0390619

Clara provides arts education, access, and resources.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $73K a year · 7% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 5% of spending
Top officer’s pay lower than 79% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$561K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+29% vs prior year
Spent
$1.6M
To programs
85%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$1.9M
FY2024▲ +29%
Revenue by fiscal year
FY2020$447K
FY2021$705K
FY2022$836K
FY2023$1.5M
FY2024$1.9M
Expenses
$1.6M
FY2024▲ +10%
Expenses by fiscal year
FY2020$812K
FY2021$864K
FY2022$1.1M
FY2023$1.4M
FY2024$1.6M
Net assets
$6.1M
FY2024▲ +6%
Net assets by fiscal year
FY2020$11.8M
FY2021$11.6M
FY2022$5.7M
FY2023$5.8M
FY2024$6.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.3M Management & general 12% · $183K Fundraising 3% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$85,000Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Megan Wygant’s $85K as Executive Director is at the 21st percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Megan Wygant$85,000$82,311$73,134$67,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers arts education, access, and resources to the community.

Provided by the organization

This section is blank until Studios for the Performing Arts Operating Co claims this page.

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3 program services account for $1.3M of program spending, described in the organization's own filed words · FY2023.
01

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…

$737Kprogram expense
02

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.

$463Kprogram expense
03

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.

$122Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$821K
Investment incomeLn 3$13K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$183K
Fundraisingcol D$47K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$443K
Total assetsLn 16$6.7M
LiabilitiesLn 26$561K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Noncash giftsLn 1g$63K
Fees for servicesLn 2g$821K
Investment incomeLn 3$13K
Other incomeLn 4–11$3K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$193K
SavingsLn 2$251K
Cash and savings togetherLn 1–2$443K
Land, buildings, equipmentLn 10c$5.5M
Total assetsLn 16$6.7M
LiabilitiesLn 26$561K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 537
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$666K$443K
Land, buildings, equipmentLn 10c$5.1M$5.5M
Total assetsLn 16$6.0M$6.7M
LiabilitiesLn 26$237K$561K
Net assetsLn 32$5.8M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$87K$87K
Other salaries and wagesLn 7$503K$457K$33K$13K
Other employee benefitsLn 9$23K$18K$5K$513
Payroll taxesLn 10$48K$37K$10K$1K
Other fees for servicesLn 11g$279K$235K$19K$24K
Advertising and promotionLn 12$37K$35K$1K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$173K$167K$6K
InsuranceLn 23$41K$39K$2K
Other expenses (24a–d)Ln 24$295K$277K$14K$4K
All other expensesLn 24e$61K$56K$2K$4K
Total functional expensesLn 25$1.6M$1.3M$183K$47K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.9M$1.6M$325K$6.1M 990 PDF
FY2023 $1.5M$1.4M$49K$5.8M 990 PDF
FY2022 $836K$1.1M−$214K$5.7M 990 PDF
FY2021 $705K$864K−$159K$11.6M 990 PDF
FY2020 $447K$812K−$364K$11.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,877,531 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,040,753
VIII-1g Noncash contributions (included above)$62,720
VIII-1h Total contributions, gifts and grants$1,040,753
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $820,980$820,980
VIII-3 Investment incomeRelated to mission $13,058$13,058
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,740$2,740
VIII-12 Total revenueRelated to mission $836,778 · Unrelated business $0 · Excluded from tax $0$1,877,531
Part IX · Statement of functional expenses $1,552,159 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $86,962$86,962
IX-7 Other salaries and wagesPrograms $457,236 · Management $32,629 · Fundraising $13,288$503,153
IX-9 Other employee benefitsPrograms $17,654 · Management $4,618 · Fundraising $513$22,785
IX-10 Payroll taxesPrograms $37,365 · Management $9,773 · Fundraising $1,086$48,224
IX-11g Other fees for servicesPrograms $235,341 · Management $19,069 · Fundraising $24,112$278,522
IX-12 Advertising and promotionPrograms $35,375 · Management $1,448$36,823
IX-20 InterestManagement $5,061$5,061
IX-22 Depreciation, depletion and amortizationPrograms $167,295 · Management $5,786$173,081
IX-23 InsurancePrograms $39,233 · Management $2,081$41,314
IX-24 Other expenses (24a–d)Programs $277,398 · Management $13,533 · Fundraising $4,077$295,008
IX-24e All other expensesPrograms $55,861 · Management $1,665 · Fundraising $3,700$61,226
IX-25 Total functional expensesPrograms $1,322,758 · Management $182,625 · Fundraising $46,776$1,552,159
Part X · Balance sheet $6,665,043 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $665,729$192,570
X-2 Savings and temporary cash investments$250,823
X-4 Accounts receivableStart of year $203,992$722,393
X-9 Prepaid expenses and deferred chargesStart of year $10,508$2,741
X-10c Land, buildings and equipment, netStart of year $5,135,133$5,496,516
X-16 Total assetsStart of year $6,015,362$6,665,043
X-17 Accounts payable and accrued expensesStart of year $14,598$147,989
X-19 Deferred revenueStart of year $151,646$59,905
X-25 Other liabilitiesStart of year $70,361$24,999
X-26 Total liabilitiesStart of year $236,605$560,914
X-27 Net assets without donor restrictionsStart of year $5,755,928$5,986,319
X-28 Net assets with donor restrictionsStart of year $22,829$117,810
X-32 Total net assets or fund balancesStart of year $5,778,757$6,104,129
X-33 Total liabilities and net assetsStart of year $6,015,362$6,665,043
Part XI · Reconciliation of net assets $6,104,129 net assets at year end
XI-1 Total revenue$1,877,531
XI-2 Total expenses$1,552,159
XI-3 Revenue less expenses$325,372
XI-4 Net assets at start of year$5,778,757
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,104,129

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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