Pasadena Center Operating Company FY2020 filing

Not tax-deductible

Pasadena, CA501(c)(4)Since 1973 EIN 95-2855166Revenue $21.3M in FY2020Latest return filed Mar 24, 2026

On file with the IRSpasadenacenter.comPasadena, CATax-exempt since Jan 1974

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Operate certain civic facilities for the city of Pasadena, california

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
94¢ of each $1 spent went to programs.
$891K 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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $4.7M a year · 19% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$891K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$192.1M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21.3M
Spent
$20.4M
To programs
94%
Net assets
$456K
By yearFY2020–FY2025
Revenue
$21.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$21.3M
FY2021$7.2M
FY2022$24.2M
FY2023$28.7M
FY2024$31.9M
FY2025$34.4M
Expenses
$20.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$20.4M
FY2021$14.7M
FY2022$18.0M
FY2023$21.2M
FY2024$21.5M
FY2025$23.5M
Net assets
$456K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$456K
FY2021−$7.0M
FY2022−$3.4M
FY2023$4.1M
FY2024$14.5M
FY2025$25.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1974.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $19.1M Management & general 6% · $1.3M

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

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Who runs it and what they're paid

20 people listed on the 990; $891K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$296,789Pt VII · Sec A
Executive Director
$189,433Pt VII · Sec A
Dir of Operations
$154,185Pt VII · Sec A
Dir of Finance
$133,011Pt VII · Sec A
Dir of Marketing
$117,289Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael W Ross$408,127$393,926$403,937$325,000$275,563$296,789
Nazila Sabripour$206,370$198,306$173,205$174,121$165,830$154,185
Jeanne O Goldschmidt————$160,742$189,433
Kristin McGrath$170,200$149,703—$150,000——
Phuong Wong$161,175$155,630$138,380$139,243$132,612$133,011
Christine Susa$144,498—$123,081——$117,289
Margery Christ$142,758$143,580$123,044$127,926$118,450—
Matt Hourihan$114,425—————

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.

See Pasadena Center Operating Company executive salaries →

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 15aYes

Programs and updates

Operates civic facilities for the City of Pasadena.

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1 program · $19.1M · in their own filed words · FY2019
01

The pasadena center opertaing company promotes the use of the civic facilities for conferences, conventions, exhibitions, trade shows, assemblies, cultural, educational and recreational programs for the use, benefit and enjoyment of the public.

$19.1Mprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2022 · $2.6M federal money spent
Shuttered Venue Operators Grant ProgramSmall Business Administration · ALN 59.075 · Direct$2.1M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Pasadena$408K

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$21.3M
Ln 12
Other incomeLn 4–11$11.7M
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$960K
Money outPt IX
$20.4M
Ln 25
Programscol B$19.1M
Managementcol C$1.3M
Owns and owesPt X
$456K
net assets · Ln 32
Cash and savingsLn 1–2$16.9M
Total assetsLn 16$192.6M
LiabilitiesLn 26$192.1M
PeoplePt VI, VII
20
listed · VII A
PaidVII A5
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$960K
Other incomeLn 4–11$11.7M
Gains on assetsLn 7$0
Total revenueLn 12$21.3M
Assets in detailPt X, end of year
CashLn 1$7.9M
SavingsLn 2$9.0M
Cash and savings togetherLn 1–2$16.9M
Accounts receivableLn 4$350K
Prepaid expenses and deferred chargesLn 9$118K
Land, buildings, equipmentLn 10c$128.4M
InvestmentsLn 11–13$11.5M
Other assetsLn 15$35.3M
Total assetsLn 16$192.6M
LiabilitiesLn 26$192.1M
Net assetsLn 32$456K
OperationsPt I, VI
EmployeesI 5190
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$149.7M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$134.7M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$16.7M$16.9M
InvestmentsLn 11–13$13.0M$11.5M
Land, buildings, equipmentLn 10c$131.5M$128.4M
Total assetsLn 16$187.4M$192.6M
LiabilitiesLn 26$187.9M$192.1M
Net assetsLn 32−$459K$456K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$297K$297K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4.5M$4.0M$510K
Pension plan contributionsLn 8$230K$171K$59K
Other employee benefitsLn 9$605K$520K$85K
Payroll taxesLn 10$390K$325K$64K
Management feesLn 11a$0
Legal feesLn 11b$400$400
Accounting feesLn 11c$22K$22K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$203K$189K$14K
Advertising and promotionLn 12$754K$754K
Office expensesLn 13$86K$30K$56K
Information technologyLn 14$137K$18K$119K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$7K$7K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$6.3M$6.3M
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4.2M$4.2M
InsuranceLn 23$380K$362K$18K
Other expenses (24a–d)Ln 24$2.1M$2.1M
All other expensesLn 24e$168K$144K$23K
Total functional expensesLn 25$20.4M$19.1M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 24, 2026 $34.4M$23.5M$10.9M$25.4M 990 PDF
FY2024Filed with the IRS Feb 5, 2025 $31.9M$21.5M$10.4M$14.5M 990 PDF
FY2023Filed with the IRS Mar 14, 2024 $28.7M$21.2M$7.5M$4.1M 990 PDF
FY2022Filed with the IRS Apr 10, 2023 $24.2M$18.0M$6.2M−$3.4M 990 PDF
FY2021Filed with the IRS Mar 14, 2022 $7.2M$14.7M−$7.5M−$7.0M 990 PDF
FY2020 ViewingFiled with the IRS Apr 1, 2021 $21.3M$20.4M$915K$456K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $21,270,716 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $106,659$58,025
I-9 Program service revenuePrior year $10,548,273$8,506,910
I-10 Investment incomePrior year $583,688$960,008
I-11 Other revenuePrior year $14,294,894$11,745,773
I-12 Total revenuePrior year $25,533,514$21,270,716
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,402,941$6,020,360
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,719,925$14,335,661
I-18 Total expensesPrior year $22,122,866$20,356,021
I-19 Revenue less expensesPrior year $3,410,648$914,695
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $21,270,716 across 10 lines filed
VIII-1f All other contributions, gifts and grants$58,025
VIII-1h Total contributions, gifts and grants$58,025
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,506,910$8,506,910
VIII-3 Investment incomeExcluded from tax $960,008$960,008
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,745,773$11,745,773
VIII-12 Total revenueRelated to mission $20,252,683 · Excluded from tax $960,008$21,270,716
Part IX · Statement of functional expenses $20,356,021 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $296,789$296,789
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $3,988,372 · Management $510,040$4,498,412
IX-8 Pension plan contributionsPrograms $170,959 · Management $59,033$229,992
IX-9 Other employee benefitsPrograms $520,285 · Management $85,027$605,312
IX-10 Payroll taxesPrograms $325,475 · Management $64,380$389,855
IX-11a Management fees$0
IX-11b Legal feesManagement $400$400
IX-11c Accounting feesManagement $21,810$21,810
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $188,833 · Management $13,842$202,675
IX-12 Advertising and promotionPrograms $753,505$753,505
IX-13 Office expensesPrograms $29,936 · Management $55,638$85,574
IX-14 Information technologyPrograms $18,154 · Management $119,049$137,203
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $6,912$6,912
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $6,272,340$6,272,340
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $4,159,088$4,159,088
IX-23 InsurancePrograms $361,637 · Management $18,492$380,129
IX-24 Other expenses (24a–d)Programs $2,148,368$2,148,368
IX-24e All other expensesPrograms $144,298 · Management $23,359$167,657
IX-25 Total functional expensesPrograms $19,088,162 · Management $1,267,859 · Fundraising $0$20,356,021
Part X · Balance sheet $192,599,864 assets, 25 lines filed
X-1 Cash, non-interest-bearingStart of year $5,492,159$7,875,345
X-2 Savings and temporary cash investmentsStart of year $11,237,722$9,040,271
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $963,984$350,232
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $131,895$118,053
X-10c Land, buildings and equipment, netStart of year $131,517,230$128,448,584
X-11 Publicly traded securitiesStart of year $12,950,422$11,489,706
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $25,111,350$35,277,673
X-16 Total assetsStart of year $187,404,762$192,599,864
X-17 Accounts payable and accrued expensesStart of year $2,401,587$1,495,744
X-19 Deferred revenueStart of year $159,984$282,250
X-20 Tax-exempt bond liabilitiesStart of year $153,604,698$149,697,588
X-23 Secured mortgages and notes payableStart of year $1,441,823$941,808
X-25 Other liabilitiesStart of year $30,255,303$39,726,412
X-26 Total liabilitiesStart of year $187,863,395$192,143,802
X-31 Retained earnings or endowmentStart of year −$458,633$456,062
X-32 Total net assets or fund balancesStart of year −$458,633$456,062
X-33 Total liabilities and net assetsStart of year $187,404,762$192,599,864
Part XI · Reconciliation of net assets $456,062 net assets at year end
XI-1 Total revenue$21,270,716
XI-2 Total expenses$20,356,021
XI-3 Revenue less expenses$914,695
XI-4 Net assets at start of year−$458,633
XI-10 Net assets at end of year$456,062

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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