2025-07-02T13:19:35-05:00 2023-04-30 330810710 Swenson Advisors LLP 25220 Hancock Ave Suite 240 Murrieta CA 92562 990 2022-05-01 851976211 Building 178 Performing Arts Center BUIL 6192261491 2820 Roosevelt Rd Ste 201 San Diego CA 92106 Lisa Johnson President and CEO 6192261491 2025-07-02 1 Scott Maxwell P00749825 9514454700 2025-07-01 2022 2025-03-06 01:10:19Z Lisa Johnson 2820 Roosevelt Rd Ste 201 San Diego CA 92106 758891 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 2855975 740244 0 0 204 18647 0 0 2856179 758891 0 0 0 0 73883 64820 90218 68044 188301 13660 321092 177761 453956 2678418 304935 3757936 4014866 44914 -3091 3713022 4017957 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 252067 758891 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. 252067 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 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 740244 740244 18647 18647 758891 0 0 18647 64820 64820 6923 6923 68044 68044 41667 656 41011 54 54 2400 2400 313 298 15 2404 892 1512 Distribution 250000 250000 All other expenses 10091 1769 5102 3220 Donor Events 7240 7240 453956 252067 13588 188301 3037289 4003735 723047 20909 -10854 3797 0 0 3797 -2400 -2721 3757936 4014866 44914 -3091 44914 -3091 X 3713022 4017957 3713022 4017957 3757936 4014866 304935 0 X X 0 1 X 1 0 X 1059000 2855975 740244 4655219 1059000 2855975 740244 4655219 1550390 3104829 204 18647 18851 4674070 X Part II, Line 13 Organization was founded in 2020. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3797 3797 3797 X 758891 0 758891 0 758891 453956 0 453956 0 453956 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 in 2023 or 2022 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 April 30, 2023, the Foundation had not accrued interest or penalties related to uncertain tax positions. 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 X 1 Netzel Grigsby PO Box 5122 Culver City CA 90231 Building 178 performing arts center campaign 0 0 60214 -60214 Myriad Creative Works 4470 Alamo Way San Diego CA 92115 Building 178 performing arts center campaign 0 0 7740 -7740 67954 -67954 CA Schedule G, Part I, Line 2b, Column (v) The organization used two sponsor organization, Netzel Grigsby and Myriad Creative Works, to do all of the fundraising. NTC Foundation Related Party Bulding 178 expenses X -10854 -10854 0 1 0 -10854 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 AVAILABLE 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 10854