Palos Verdes Performing Arts

Tax-deductible

Rllng Hls Est, CA501(c)(3)Since 1978Arts & CultureEIN 95-3254351Revenue $4.5M in FY2025

On file with the IRSpalosverdesperformingarts.com27570 Norris Center Dr, 90274-3570 · Rllng Hls Est, CATax-exempt since Jul 1978Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 88 volunteers and 37 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
3 of 6
filings with a surplus
Average surplus $351K a year · 11% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$367K
to officers and key staff · 13% of spending
Top officer’s pay higher than 92% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $378K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$953K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
+36% vs prior year
Spent
$2.9M
To programs
81%
Net assets
$6.1M
By yearFY2020–FY2025
Revenue
$4.5M
FY2025▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$1.3M
FY2022$4.6M
FY2023$2.8M
FY2024$3.3M
FY2025$4.5M
Expenses
$2.9M
FY2025▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$1.5M
FY2022$3.2M
FY2023$3.0M
FY2024$3.2M
FY2025$2.9M
Net assets
$6.1M
FY2025▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$3.4M
FY2022$4.5M
FY2023$4.3M
FY2024$4.4M
FY2025$6.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1978.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $2.3M Management & general 19% · $553K

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

9 people listed on the 990; $367K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Financial Officer
$244,732Pt VII · Sec A
Operations and Technical Director
$121,908Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Julie Moe Reynolds’s $245K as Chief Financial Officer is at the 92nd percentile of top reported officer pay among 3925 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Julie Moe Reynolds$244,732$256,879$193,599$186,589$175,000$175,000
Greg Forbess$121,908—$101,691$101,691$101,691—

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 Palos Verdes Performing Arts executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enriches community by fostering performing arts through performances, cultural activities, and educational programs.

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Provided by the organization

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3 programs · $2.3M · in their own filed words · FY2024
01

Community Theatre

The theater provides a variety of programs to enrich and entertain, also has outreach programs to build and maintain culturally aware audiences.

$1.3Mprogram expense
02

Education

The organization provides a variety of classes in the performing arts including dance, voice and acting for all ages.

$648Kprogram expense
03

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, and other community functions.

$337Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 3 grants · $26K · 2019–2023
Unitemized GrantFY2023$7,350
Unitemized GrantFY2021$11,755
Unitemized GrantFY2019$7,215

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$69K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.3M
Managementcol C$553K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$7.1M
LiabilitiesLn 26$953K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$103K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$69K
Other incomeLn 4–11$12K
Gains on assetsLn 7−$42K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$122K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$2.5M
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$7.1M
LiabilitiesLn 26$953K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 537
VolunteersI 688
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.0M$2.0M
InvestmentsLn 11–13$1.1M$2.5M
Land, buildings, equipmentLn 10c$2.4M$2.6M
Total assetsLn 16$5.5M$7.1M
LiabilitiesLn 26$1.1M$953K
Net assetsLn 32$4.4M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$9K$9K
Pay of current officers, directors and key staffLn 5$247K$177K$69K
Other salaries and wagesLn 7$593K$423K$169K
Other employee benefitsLn 9$115K$87K$29K
Payroll taxesLn 10$203K$145K$58K
Accounting feesLn 11c$30K$30K
Other fees for servicesLn 11g$18K$17K$275
Advertising and promotionLn 12$86K$85K$519
Office expensesLn 13$153K$148K$5K
Information technologyLn 14$74K$58K$16K
OccupancyLn 16$135K$133K$2K
TravelLn 17$21K$19K$2K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$180K$162K$18K
InsuranceLn 23$42K$3K$39K
Other expenses (24a–d)Ln 24$901K$814K$87K
All other expensesLn 24e$76K$50K$26K
Total functional expensesLn 25$2.9M$2.3M$553K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.5M$2.9M$1.6M$6.1M 990 PDF
FY2024 $3.3M$3.2M$76K$4.4M 990 PDF
FY2023 $2.8M$3.0M−$214K$4.3M 990 PDF
FY2022 $4.6M$3.2M$1.4M$4.5M 990 PDF
FY2021 $1.3M$1.5M−$221K$3.4M 990 PDF
FY2020 $2.0M$2.5M−$495K$3.6M 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 FY2025 990 (6 parts)
Part I · Summary $4,455,522 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $977,525$2,662,702
I-9 Program service revenuePrior year $2,010,301$1,712,469
I-10 Investment incomePrior year $89,965$68,667
I-11 Other revenuePrior year $200,000$11,684
I-12 Total revenuePrior year $3,277,791$4,455,522
I-13 Grants and similar amounts paidPrior year $7,350$8,750
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,131,345$1,157,666
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,062,628$1,717,236
I-18 Total expensesPrior year $3,201,323$2,883,652
I-19 Revenue less expensesPrior year $76,468$1,571,870
Part VI · Governance 7 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,455,522 across 9 lines filed
VIII-1b Membership dues$73,050
VIII-1e Government grants$102,973
VIII-1f All other contributions, gifts and grants$2,486,679
VIII-1h Total contributions, gifts and grants$2,662,702
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,661,692 · Unrelated business $50,777$1,712,469
VIII-3 Investment incomeExcluded from tax $110,698$110,698
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$42,031−$42,031
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,684$11,684
VIII-12 Total revenueRelated to mission $1,661,692 · Unrelated business $50,777 · Excluded from tax $80,351$4,455,522
Part IX · Statement of functional expenses $2,883,652 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $8,750$8,750
IX-5 Pay of current officers, directors and key staffPrograms $177,328 · Management $69,396$246,724
IX-7 Other salaries and wagesPrograms $423,394 · Management $169,344$592,738
IX-9 Other employee benefitsPrograms $86,620 · Management $28,572$115,192
IX-10 Payroll taxesPrograms $144,706 · Management $58,306$203,012
IX-11c Accounting feesManagement $30,150$30,150
IX-11g Other fees for servicesPrograms $17,439 · Management $275$17,714
IX-12 Advertising and promotionPrograms $85,424 · Management $519$85,943
IX-13 Office expensesPrograms $148,318 · Management $4,818$153,136
IX-14 Information technologyPrograms $58,471 · Management $15,838$74,309
IX-16 OccupancyPrograms $133,372 · Management $1,616$134,988
IX-17 TravelPrograms $18,950 · Management $1,599$20,549
IX-20 InterestManagement $1,742$1,742
IX-22 Depreciation, depletion and amortizationPrograms $162,311 · Management $18,035$180,346
IX-23 InsurancePrograms $2,614 · Management $38,920$41,534
IX-24 Other expenses (24a–d)Programs $813,743 · Management $87,428$901,171
IX-24e All other expensesPrograms $49,593 · Management $26,061$75,654
IX-25 Total functional expensesPrograms $2,331,033 · Management $552,619 · Fundraising $0$2,883,652
Part X · Balance sheet $7,066,797 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $35,759$122,128
X-2 Savings and temporary cash investmentsStart of year $1,981,064$1,866,263
X-4 Accounts receivable$751
X-9 Prepaid expenses and deferred chargesStart of year $23,849$4,849
X-10c Land, buildings and equipment, netStart of year $2,439,175$2,616,686
X-11 Publicly traded securitiesStart of year $1,069,161$2,456,120
X-16 Total assetsStart of year $5,549,008$7,066,797
X-17 Accounts payable and accrued expensesStart of year $268,194$208,676
X-19 Deferred revenueStart of year $784,324$710,059
X-26 Total liabilitiesStart of year $1,138,529$953,112
X-27 Net assets without donor restrictionsStart of year $2,552,735$4,195,901
X-28 Net assets with donor restrictionsStart of year $1,857,744$1,917,784
X-32 Total net assets or fund balancesStart of year $4,410,479$6,113,685
X-33 Total liabilities and net assetsStart of year $5,549,008$7,066,797
Part XI · Reconciliation of net assets $6,113,685 net assets at year end
XI-1 Total revenue$4,455,522
XI-2 Total expenses$2,883,652
XI-3 Revenue less expenses$1,571,870
XI-4 Net assets at start of year$4,410,479
XI-5 Net unrealized gains (losses) on investments$131,336
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,113,685

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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