2023-11-16T13:35:54-06:00 2022-12-31 330810710 Swenson Advisors LLP 25220 Hancock Ave Suite 240 Murrieta CA 92562 990 2022-01-01 851976211 Building 178 Performing Arts Center BUIL 6192261491 2820 Roosevelt Rd Ste 201 San Diego CA 92106 Lisa Johnson President and CEO 6192261491 2023-11-16 Lisa Johnson 999000999 1 Scott Maxwell P00749825 9514454700 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Lisa Johnson 2820 Roosevelt Rd Ste 201 San Diego CA 92106 1479950 0 X N/A X 2020 CA To operate exclusively for the benefit of, perform the functions of, and carry out the purposes of NTC Foundation, a California nonprofit public benefit corporation and Cygnet Theatre Company, a California nonprofit public benefit corporation in raising funds for the design, construction, development, and operation of a theatre in the Naval Training Center ("NTC") located in The City of San Diego, specifically restricted to the portion of the NTC referred to as the "Civic Arts and Cultural Center." 6 6 0 0 0 0 3170788 1479950 0 0 0 3170788 1479950 0 0 70716 90255 129194 48008 208979 3170788 1270971 3098469 4446232 25878 102670 3072591 4343562 X To operate exclusively for the benefit of, perform the functions of, and carry out the purposes of NTC Foundation, a California nonprofit public benefit corporation and Cygnet Theatre Company, a California nonprofit public benefit corporation in raising funds for the design, construction, development, and operation of a theatre in the Naval Training Center ("NTC") located in The City of San Diego, specifically restricted to the portion of the NTC referred to as the "Civic Arts and Cultural Center." 0 0 0 1479950 To raise funds for the design, construction, development, and operation of a theatre in the Civic Arts and Cultural Center within the Naval Training Center located in The City of San Diego. 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA X X Nina Leung 6195739300 2820 Roosevelt Rd Suite 201 San Diego CA 92106 X Lisa Johnson President and CEO 20.00 X X 0 0 0 Ken Stipanov Chair, community leader 5.00 X 0 0 0 Judith Nora Member at Large, Pell Investments LLC CFO 5.00 X 0 0 0 Leslie Keller Treasurer 5.00 X 0 0 0 Pamela Richards Secretary 5.00 X 0 0 0 Bill Schmidt Executive Director 20.00 X X 0 0 0 0 0 0 0 0 0 0 0 1479950 1479950 1479950 0 0 0 70716 70716 375 375 90255 90255 29350 615 28735 2457 2400 57 674 674 All other expenses 7912 5005 2907 Donor Events 7240 7240 208979 0 79785 129194 2653760 4056832 444709 389400 3098469 4446232 25878 102670 25878 102670 X 3072591 4343562 3072591 4343562 3098469 4446232 1270971 0 X X 0 1 X 1 0 X 51000 3170788 1479950 4701738 51000 3170788 1479950 4701738 4701738 4701738 X Schedule A, Part 3, Section A 2020 was a short year as the corporation was formed in 2022. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 7218017 5738067 5738067 1479950 0 1479950 6442831 6233852 6233852 208979 0 208979 Part X, Line 2: The Foundation uses a loss contingencies approach for evaluating uncertain tax positions and continually evaluates changes in tax law and new authoritative rulings. The Foundation did not have unrecognized tax benefits as of December 31, 2022 and 2021 and does not expect this to change significantly over the next 12 months. In connection with the adoption of the guidance pertaining to uncertain tax positions, the Foundation will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of December 31, 2022 and 2021, the Foundation had not accrued interest or penalties related to uncertain tax positions. Part XI, Line 2d - Other Adjustments: Net Assets released from restriction Revenue related to entities other than 178 (NTCF, LS1, LSII, L19, ETC) Part XII, Line 2d - Other Adjustments: Expenses related to entities other than 178 (NTCF, LS1, LSII, L19, ETC) Part XIII The financial statements include NTC Foundation and its consolidated subsidiaries and variable interest entities. The subsidiaries include NTCF Liberty Station 1, LLC; NTC Liberty 19, Inc.; NTC Liberty Station II, LLC; NTCF Liberty Station 35, LLC; and NTC Manager, Inc. The variable interest entities include NTC Liberty 19 Owner, L.P.; NTC Liberty 19 Master Tenant, L.P.; NTC II Tenant, L.P.; and Building 178 Performing Arts Center. This 990 retun only includes Building 178 Performing Arts Center. Revenue and expenses excluded from the 990 relate to all other entities mentioned 1 Netzel Grigsby PO Box 5122 Culver City CA 90231 Building 178 performing arts center campaign 0 0 90255 -90255 90255 -90255 CA Schedule G, Part I, Line 2b, Column (v) The organization used a sponsor organization, Netzel Grigsby, to do all of the fundraising. Form 990, Part VI, Section B, line 11b THE ORGANIZATION'S GOVERNING BODY REVIEWS AND COMPARES FORM 990 TO ITS IN-HOUSE PREPARED FINANCIAL STATEMENTS. Form 990, Part VI, Section B, line 12c The conflict of interest policy is reissued every year. Board members with conflicts of interest are recused from the discussions of the conflicting subject. Form 990, Part VI, Section C, line 19 BUILDING 178 PERFORMING ARTS CENTER INC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABE TO THE PUBLIC UPON REQUEST AND ON THE WEBSITE WWW.GUIDESTAR.COM. Form 990, Part XII, Line 2c The process for the committee's oversight of the audit of the Foundation's financial statements and selection of an independent accountant has not changed from the prior year. NTC Foundation 2820 Roosevelt Road Ste 201 san diego CA 92106 900126641 renovate the NTC and creating, facilitating, and operating ARTS DISTRICT CA 501(c)(3) Line 10 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NTC Foundation D 6324