Livermore Valley Performing Arts Center

What it reported doing in 2024

Livermore valley performing arts center opened its eighteenth season with a sold-out gala, brilliance at the bankhead, headlined by katharine mcphee performing alongside the livermore-amador symphony. The event, held september 7, 2024, combined a mainstage concert with pre-show festivities on the plaza and live and silent auctions to support lvpac's annual programming. Throughout the fiscal year ended june 30, 2025, the bankhead theater hosted more than 250 public events and welcomed over 65,000 attendees. Programming blended resident company work and touring attractions across music, theater, dance, comedy, and speaker series. Highlights included performances by livermore valley opera, tri-valley theater company, livermore amador symphony, and valley dance theater; plus engagements by motown forever, gary gulman, 10,000 maniacs, the king's return, ballet folklrico mexicano de carlos moreno, the music man, god is a scottish drag queen, john cleese, syncopated ladies, yamato: drummers of japan, elizabeth smart, fraggle rock live, leela dance collective, international guitar night, robert cray 50th anniversary tour, red hot chili pipers, tres souls, the Texas tenors, james nestor, josh blue, and the oakland interfaith gospel choir.community engagement remained central to lvpac's mission, with free multicultural events activating the bankhead plaza and downtown corridor: indigenous peoples day, taste of africa, filipino barrio fiesta, livermore pride fest, diwali, lunar new year, aanhpi celebration, and juneteenth. In parallel, the uncle credit union art gallery delivered five curated exhibitions during the year, including rails connect, back to the moon and the stars beyond, adorned: a celebration of wearable art, identity, and saddle, brush, and art. Gallery initiatives continued to expand access by aligning open hours with major theater activity and community festivals. In octobernovember 2024, lvpac produced its first in-house immersive experience, cosmic odyssey: immersive encounters with the universe, transforming the bankhead stage into a 360-degree environment of high-resolution imagery from nasa missions, including james webb space telescope assets. The 45-minute seated experience ran from october 14 through november 27, with narration by former nasa astronaut and astrophysicist dr. Tamara "tammy" jernigan. Program design emphasized learning outcomes through a post-tour science conversation offered in the founders room on select dates. A companion gallery exhibition, back to the moon and the stars beyond, extended the experience in the uncle credit union art gallery, reinforcing steam education for families and school groups. Across its run, lvpac presented more than 75 cosmic odyssey performances between october 14 and november 27, 2024, selling over 1,000 tickets to public showings and distributing more than 650 complimentary tickets to students and local schools. The production's strong audience response and operational learnings informed a feasibility review for future touring or licensing of the experience to peer venues around the nation.impact:388 total events and programs offered94,361 - visitors welcomed to the bankhead theater, and bothwell arts center1,350 - subsidized student tickets provided189 - bankhead & bothwell performances presented105 - resident company and rental events hosted7 - visual art exhibits and events presented26,379 - served by education programs72 - art camps and classes8 - free cultural events on the plaza held

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 84.3%; rating input score 84
• Fundraising efficiency: $4.09 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -37.8%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 2.49; rating input score 69; 69th percentile among comparable filings
• Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
• Officer compensation ratio: 9%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: 2.1% per year; rating input score 100; 23rd percentile among comparable filings
• Revenue growth: -1.3% per year; rating input score 0; 8th percentile among comparable filings
• Asset growth: -7.2% per year; rating input score 0; 3rd percentile among comparable filings