SAN DIEGO THEATRES INC Charity Report

Public IRS 990 nonprofit record

SAN DIEGO THEATRES INC

EIN 14-1886373 · Theater (A65)

What they do

San Diego Theatres, Inc. (SDTI) is A Not-for-profit Public Benefit Corporation Established to Manage and Operate Publicly Owned Performing Arts Theatres. SDTI Was Established In 2003 By The San Diego Convention Center Corporation (SDCCC), As An Operating Unit of SDCCC. In 2012, SDTI Became A Free-standing, Non-profit Public Benefit Corporation Under Amended and Restated Articles of Incorporation and Bylaws. SDTI Markets, Operates, and Maintains The Civic Theatre and The Balboa Theatre.The Civic Theatre Was Constructed By The City of San Diego (City) On Land Owned By The City and Includes A 2,967-seat Performing Arts Theatre As Well As A Central HVAC Plant (Central Power). The Civic Theatre is Operated By SDTI Under Terms of A 50-year Lease Agreement With The City (Note 9).THE BALBOA THEATRE is 1,339-SEAT PERFORMING ARTS THEATRE OWNED BY THE CITY of SAN DIEGO, and WAS RE-OPENED IN JANUARY 2008 FOLLOWING A $26.5 MILLION RESTORATION and REHABILITATION. SDTI OPERATES THE BALBOA THEATRE UND

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $73.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

59.13%of revenue went to mission work73.7% of expenses · Program services

$80.24spent for every $100 of revenueRevenue covered expenses this year.

21.11%of revenue went to management and office costs26.3% of expenses

$2.46in assets for every $1 spent this yearSome assets cannot be spent right away.

0.1%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $293,520 for CAROL WALLACE (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$14,831,674

Mission workProgram services$8,769,89859.13% of revenue73.7% of expenses

ManagementOffice and general costs$3,130,84121.11% of revenue26.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$2,930,93519.76% of revenueShown in gray on the chart

Total expenses$11,900,73980.24% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 73.7% mission · 26.3% management · 0.0% fundraisingTotal expenses: 80.24% of revenue

2023Expense mix: 76.6% mission · 23.4% management · 0.0% fundraisingTotal expenses: 77.58% of revenue

2022Expense mix: 77.4% mission · 22.6% management · 0.0% fundraisingTotal expenses: 85.88% of revenue

2021Expense mix: 74.9% mission · 25.1% management · 0.0% fundraisingTotal expenses: 61.94% of revenue

2020Expense mix: 62.1% mission · 37.9% management · 0.0% fundraisingTotal expenses: 109.96% of revenue

2019Expense mix: 78.2% mission · 21.7% management · 0.1% fundraisingTotal expenses: 117.34% of revenue

2018Expense mix: 82.3% mission · 17.7% management · 0.0% fundraisingTotal expenses: 87.79% of revenue

2017Expense mix: 85.7% mission · 14.3% management · 0.0% fundraisingTotal expenses: 82.84% of revenue

Money in and money out

Revenue$14,831,674

Expenses$11,900,739

Annual surplus $2,930,935 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,769,898 · 73.7% of expenses

Management and office costs$3,130,841 · 26.3% of expenses

See all reported dollar amounts

Revenue$14,831,674

Expenses$11,900,739

Assets$29,264,118

Income$14,831,674

Contributions$11,625

Mission work (program services)$8,769,898

Management and general$3,130,841

Stocks and bonds$9,023,279

Accounting fees$16,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CAROL WALLACEPRESIDENT & CEO · 40 hrs/week $293,520Base $254,860 · Other $38,660

KELLY BARGABOSCFO · 40 hrs/week $198,429Base $197,908 · Other $521

BRENDAN FARLEYVP OF OPERATIONS · 40 hrs/week $180,423Base $149,489 · Other $30,934

ABIGAIL LEE BUELLVP OF BUSINESS DEVELOPMENT · 40 hrs/week $161,229Base $155,782 · Other $5,447

CYNTHIA BOWERSDIRECTOR OF PROGRAMMING · 40 hrs/week $160,807Base $144,107 · Other $16,700

NAWAR SAADIDIR ENGINEERING · 40 hrs/week $160,467Base $143,323 · Other $17,144

EFREN ORTIZDIR ENGINEERING · 40 hrs/week $139,538Base $120,502 · Other $19,036

DANIEL ENRIQUE PERILLADIR INFORMATION · 40 hrs/week $137,023Base $113,939 · Other $23,084

ANGEL PEGUEROLEAD ENGINEER · 40 hrs/week $132,739Base $122,213 · Other $10,526

EDUARDO OROPEZAMAIN ENGINEER · 40 hrs/week $132,423Base $114,415 · Other $18,008

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

CAROL WALLACEPRESIDENT & CEO

KELLY BARGABOSCFO

BRENDAN FARLEYVP OF OPERATIONS

ABIGAIL LEE BUELLVP OF BUSINESS DEVELOPMENT

CYNTHIA BOWERSDIRECTOR OF PROGRAMMING

NAWAR SAADIDIR ENGINEERING

EFREN ORTIZDIR ENGINEERING

DANIEL ENRIQUE PERILLADIR INFORMATION

ANGEL PEGUEROLEAD ENGINEER

EDUARDO OROPEZAMAIN ENGINEER

PATRICIA MCQUATERPAST DIRECTOR

MORRI CHOWAIKIDIRECTOR

MATT CREIGHTONPAST SECRETARY

MARIA NIETO SENOURTREASURER

LYNN THIELEPAST CHAIR

LULU HSUDIRECTOR

SCOTT WESTOVERPAST DIRECTOR

JOSEPH MARTINEZBOARD CHAIR

JASON CLEMENTSECRETARY

FEDERICO MINADIRECTOR

EMILY HASSIGDIRECTOR

DAVID HSIAODIRECTOR

DANIEL MAGYDIRECTOR

CATHERINE HASTINGSVICE CHAIR

BARBARA STANLEYDIRECTOR

ALEXIS GUTIERREZDIRECTOR

ABIGAIL NACHTOMI FELDMANPAST DIRECTOR

About this charity

Recognized since: January 2004
Location: 225 BROADWAY STE 300, SAN DIEGO, CA 92101-5010
County: San Diego
In care of: CAROL WALLACE
Primary officer: CAROL WALLACE, President & CEO

How to reach them

WebsiteVisit the charity’s website Emailmedia@sandiegotheatres.org Phone(619) 615-4043

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: LEAF & COLE LLP
NTEE classification: Theater (A65)
IRS tax category: Theater