The Smith Center For The Performing Arts in Las Vegas, Nevada (NV)

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The Smith Center For The Performing Arts
Employer Identification Number (EIN)880361875
Name of OrganizationThe Smith Center For The Performing Arts
Address361 Symphony Park Ave, Las Vegas, NV 89106-1409
SubsectionCharitable Organization
Ruling Date02/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$445,404,620
Amount of Income$81,437,046
Form 990 Revenue Amount$30,728,610
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Performing Arts Centers


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Amount of income in 2014: $81,437,046
The Smith Center For The Performing Arts: 

 $81,437,046
Other organizations performing similar types of work: 

 $109,573

Assets in 2014: $445,404,620
The Smith Center For The Performing Arts: 

 $445,404,620
Other organizations performing similar types of work: 

 $43,354

Expenses in 2012: $27,604,900
This organization: 

 $27,604,900
Other organizations performing similar types of work: 

 $102,020

Income to expenses ratio in 2012: 3.0
This organization: 

 3.0
Other organizations performing similar types of work: 

 0.8

Expenses allocated to program services in 2007: 14.8%
This organization: 

 14.8%
Other organizations performing similar types of work: 

 73.1%

Number of employees in 2012: 72
The Smith Center For The Performing Arts: 

 72
Other organizations performing similar types of work: 

 3

Employees paid over $100,000 in 2012: 16.7%
This organization: 

 16.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 74.2%
This organization: 

 74.2%
Other organizations performing similar types of work: 

 39.2%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$34,693,744
Contributions, Gifts, Grants and Other Similar Amounts$25,729,285
Program Service Revenue$8,505,250
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$407,679
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$139,560
Gross amount from sales of assets other than inventory (Securities / Other)$5,226,988 / $0
Less: cost or other basis and sales expenses (Securities / Other)$5,087,428 / $0
Gain or (loss) (Securities / Other)$139,560 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net loss from sales of inventory$-99,527
Gross sales of inventory, less returns and allowances$696,477
Less: cost of goods sold$796,004
Miscellaneous Revenue$11,497
Statement of Functional Expenses (for 2012)
Total functional expenses$27,604,900
Compensation of current officers, directors, trustees, and key employees$987,895
Other salaries and wages$4,859,920
Payroll taxes$394,621
Professional fundraising services$0
Other$21,362,464
Balance Sheet (for 2012)
Total assets$479,322,792
Total liabilities$47,666,914
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$18,500,000
Other$29,166,914
Total net assets or fund balances$431,655,878
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$396,893,128
Gifts, grants, contributions, and membership fees received$140,518,126
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$254,553,232
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,821,770
Gross receipts from related activities, etc.$8,505,250
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20062007
Total revenue$66,242,290$17,447,170
Contributions, gifts, grants, and similar amounts received$66,005,659$16,564,297
Contributions to donor advised funds$0$0
Direct public support$58,380,967$16,564,297
Indirect public support$0$0
Government contributions (grants)$7,624,692$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$237,514$882,873
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$-883$0
Gross amount from sales of assets other than inventory$456,173$0
Less: cost or other basis and sales expenses$457,056$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$0$0
Total expenses$715,123$1,188,117
Program services$63,120$176,407
Management and general$495,426$640,795
Fundraising$156,577$370,915
Payments to affiliates$0$0
Net assets or fund balances at end of year$67,252,451$83,511,504
Excess or (deficit) for the year$65,527,167$16,259,053
Net assets or fund balances at beginning of year$860,055$67,252,451
Other changes in net assets or fund balances$865,229$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,188,117$176,407$640,795$370,915
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$440,481$0$310,674$129,807
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$210,344$47,250$17,827$145,267
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$14,822$0$11,135$3,687
Payroll taxes$47,110$4,405$21,718$20,987
Professional fundraising fees$0$0$0$0
Accounting fees$19,622$0$19,622$0
Legal fees$1,810$1,008$802$0
Supplies$22,095$1,107$19,330$1,658
Telephone$11,424$907$10,517$0
Postage and shipping$6,173$290$2,900$2,983
Occupancy$106,860$0$106,860$0
Equipment rental and maintenance$9,466$2,500$6,966$0
Printing and publications$28,592$175$0$28,417
Travel$123,437$109,154$13,559$724
Conferences, conventions, and meetings$10,334$2,576$4,283$3,475
Interest$0$0$0$0
Depreciation, depletion, etc.$32,531$0$22,984$9,547
Other expenses not covered above$103,016$7,035$71,618$24,363
Balance Sheets
20062007
Total assets$68,348,785$85,982,739
Cash - non-interest-bearing$16,123,028$28,997,612
Savings and temporary cash investments$208,709$145,020
Accounts receivable less allowance for doubtful accounts$8,505$8,505
Pledges receivable less allowance for doubtful accounts$9,372,175$12,082,140
Grants receivable$39,405,162$29,070,324
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$21,729$22,055
Investments - publicly-traded securities$0$0
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$3,209,477$14,597,883
Other assets, including program-related investments$0$1,059,200
Total liabilities$1,096,334$2,471,235
Accounts payable and accrued expenses$1,096,334$1,973,223
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$0
Other liabilities$0$498,012
Total liabilities and net assets/fund balances$68,348,785$85,982,739
Total net assets or fund balances$67,252,451$83,511,504
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20062007
Total revenue$66,242,290$17,447,170
Total revenue, gains, and other support per audited financial statements$66,243,410$17,450,910
Other expenses$1,120$3,740
Net unrealized gains on investments$0$0
Donated services and use of facilities$1,120$3,740
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20062007
Total expenses$715,123$1,188,117
Total expenses and losses per audited financial statements$716,246$1,191,857
Other revenue$1,123$3,740
Donated services and use of facilities$1,120$3,740
Prior year adjustments$0$0
Losses$0$0
Other$3$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$211,731$0$0
40$84,520$0$0
38$144,230$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20069
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$882,873$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$882,873$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
20052006
Total$1,233,366$4,331,064
Gifts, grants, and contributions received$1,223,998$3,202,951
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$9,368$237,514
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$890,599
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Smith Center For The Performing Arts361 Symphony Park Ave, Las Vegas, NV 89106-1409NV1999-02$81,437,046
2Mississippi Arts And Entertainment CenterPO BOX 148, Meridian, MS 39302-0148MS2003-09$21,673,147
3El Dorado Festivals & Events Inc202 W 19th St, El Dorado, AR 71730-3115AR2011-11$13,328,276
4Teatro Zinzanni, Langill Norman P Member4025 21st Ave W, Seattle, WA 98199-1201WA2003-03$11,380,069
5Gallo Center For The Arts Inc1000 I Street, Modesto, CA 95354CA2009-03$7,930,750
6Minnesota Shubert Center For Dance And Music250 Third Ave N Suite 500, Minneapolis, MN 55401MN2010-09$3,303,558
7Beverly Hills Performing Arts Center Inc8440 Wilshire Blvd, Beverly Hills, CA 90211CA2012-02$2,895,873
8Wingspan Arts Inc630 9th Ave, New York, NY 10036-3708NY2002-07$2,554,973
9Theatre Ensemble207 Wilson Hall Oakland University, Rochester, MI 48309MI2003-09$2,097,961
10Inner Arbor Trust Inc10630 Little Patuxent Pkwy, Columbia, MD 21044MD2014-01$1,720,664
11La Crosse Performing Arts Center Inc428 Front St S, La Crosse, WI 54601-4012WI2013-02$1,416,118
12State Theatre Inc130 W College Ave, State College, PA 16801-3838PA2002-05$1,150,326
13King High Historical FoundationKleberg Bank Po Box 911, Kingsville, TX 78364-0911TX2008-09$1,146,540
14Temple Theatre Foundation201 N Washington Ave, Saginaw, MI 48607-1209MI2009-05$1,109,615
15Desert Skye Pipes And Drums11548 Snow Creek Ave, Las Vegas, NV 89135NV2001-12$20,935
16A Public Fit Corporation1312 Canosa Ave, Las Vegas, NV 89104-3132NV2015-04$0
17Actory Inc610 S Rock Blvd Ste 143, Sparks, NV 89431-5574NV1999-07$0
18Franktown Ranch Center For The ArtsPobox 1404, Carson City, NV 89702NV2001-02$0
19Friends Of Henderson Performing Arts Theater Inc901 N Green Valley Pkwy Ste 200, Henderson, NV 89074-7105NV1999-01$0
20Las Vegas Woodwind Quintet2733 Grafton Ct, Las Vegas, NV 89117-0650NV2000-07$0
Number of organizations performing similar types of work
Alaska2
Alabama5
Arkansas7
Arizona13
California105
Colorado19
Connecticut7
District of Columbia10
Florida35
Georgia18
Hawaii3
Iowa6
Idaho6
Illinois41
Indiana8
Kansas11
Kentucky5
Louisiana10
Massachusetts18
Maryland23
Maine11
Michigan25
Minnesota14
Missouri15
Mississippi7
Montana5
North Carolina25
North Dakota1
Nebraska4
New Hampshire3
New Jersey21
New Mexico8
Nevada7
New York72
Ohio27
Oklahoma7
Oregon14
Pennsylvania29
Rhode Island4
South Carolina6
South Dakota4
Tennessee14
Texas31
Utah5
Virginia20
Vermont4
Washington20
Wisconsin19
West Virginia4
Wyoming2
Total780

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