2025-11-17T17:55:23-06:00 2024-12-31 330810710 SWENSON ADVISORS LLP 25220 HANCOCK AVE SUITE 240 MURRIETA CA 92562 990 2024-05-01 851976211 BUILDING 178 PERFORMING ARTS CENTER BUIL 6192261491 2820 ROOSEVELT RD STE 201 SAN DIEGO CA 92106 LISA JOHNSON PRESIDENT AND CEO 6192261491 2025-11-17 1 1 SCOTT MAXWELL P00749825 9514454700 2025-11-17 2024 2025-03-06 01:10:19Z LISA JOHNSON 2820 ROOSEVELT RD STE 201 SAN DIEGO CA 92106 8584245 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." 7 7 0 0 0 0 7598667 8524114 0 0 231105 60131 0 0 7829772 8584245 0 0 0 0 81544 23642 449590 2900 31784 105546 227902 636680 254444 7193092 8329801 11448415 21504013 237366 0 11211049 21504013 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 203832 8524114 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. 203832 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 INVE 5.00 X 0 0 0 EDGAR CANADA MEMBER AT LARGE 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 NINA LEUNG TREASURER 5.00 X 0 0 0 0 0 0 0 0 0 0 0 686799 7837315 8524114 60131 60131 8584245 0 0 60131 23642 363 6607 16672 3000 3000 2900 2900 8536 62 2264 6210 6747 2791 3956 1545 566 254 725 FUNDRAISING 200000 200000 ALL OTHER EXPENSES 6016 50 689 5277 DONOR EVENTS 2058 2058 254444 203832 18828 31784 11267346 269984 20909 1990904 28387 10443543 8799582 0 115454 8799582 16319 0 11448415 21504013 237366 237366 0 X 11211049 21504013 11211049 21504013 11448415 21504013 X 8329801 1963163 X X 0 1 X 1 0 X 1059000 2855975 740244 7598666 5554081 17807966 1059000 2855975 740244 7598666 5554081 17807966 10021496 7786470 231105 105132 336237 18144203 X PART II, SHORT YEAR EXPLANATION: THIS RETURN IS A SHORT YEAR TO CHANGE FISCAL YEAR END FROM 4/30 TO 12/31 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8799582 8799582 8799582 X 30879022 22294777 22294777 8584245 0 8584245 8375784 8121340 8121340 254444 0 254444 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 APRIL 31, 2024 AND 2023 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 31, 2024 AND 2023, THE FOUNDATION HAD NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: OTHER ENTITY REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF OTHER ENTITIES 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 PART XI LINE 2B AND XII LINE 2B 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 NTC LIBERTY STATION 178 LLC RELATED PARTY BUILDING 178 X 10415156 10415156 0 1 0 NTC FOUNDATION RELATED PARTY BUILDING 178 EXPENSES X 28387 28387 0 1 0 10443543 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 XI, LINE 9: ADJUSTMENT TO PLEDGES ACCRUAL 1,963,163. 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 LIBERTY STATION 178 LLC D 28387 NTC FOUNDATION D 10415156