Tampa Bay Performing Arts Center Inc

What it reported doing in 2024

Arts programming: during fiscal 2009/2010, the center received the largest philanthropic gift made to a cultural institution in the tampa bay area. The donation is dedicated in its perpetuity to benefit the performing arts center and its programs. In recognition of this generous gift from the david a. Straz, jr. Foundation, the tampa bay performing arts center was renamed the david a. Straz, jr. Center for the performing arts (aka "the straz center").(continued on schedule o)the straz center for the performing arts is the tampa bay area's premier venue, independent presenter, producer, educator, and economic catalyst for the performing arts and is considered the largest performing arts complex south of the kennedy center. The straz center books touring broadway shows and is one of the most successful single-week markets and largest performing arts center in the nation. We are pleased to share our highlights of our 24/25 season as summarized by greg holland, our president and ceo in our 2024-2025 annual report to the community: dear friends: the performing arts are the language of possibility, and at straz center that possibility comes to life in every performance, every student we teach and every story we share.for straz center for the performing arts, the 2024-2025 season exemplified the power of opening our campus, our classrooms and our programs to ever-broadening audiences throughout tampa bay.on april 7, 2025, alongside tampa mayor jane castor and other community leaders, we broke ground on the next chapter of straz center's history. The expansion now underway will transform our campus and deepen our role as a cultural gathering place for tampa bay for generations to come.while our campus will evolve dramatically when the project is completed in 2027, our purpose remains constant: to bring extraordinary performing arts experiences to our community and ensure they are accessible to all.thanks to the remarkable generosity of supporters of the boundless campaign, the new straz will welcome the community in new ways. A new outdoor stage, rooftop bar and expanded dining options will create vibrant spaces where people can gather, connect and experience the arts - whether attending a performance or simply spending an evening along the river.education remains central to our mission. The expansion will increase the footprint of the patel conservatory by 30 percent, adding classrooms and a new dance studio to nurture the next generation of artists and performers.straz center's impact extends far beyond our stages. During the past year, we welcomed more than half a million guests to more than 1,500 performances, events and education programs. Our work generated an estimated $132 million in economic impact for the region and more than $4 million in local and state tax revenues. We also provided more than 40,000 complimentary tickets to schools, community groups and individuals so that the arts remain accessible regardless of ability to pay.our community engagement continues to grow through initiatives such as straz salutes for active-duty military members, veterans and their families, as well as arts & health programs exploring the role of the arts in healing and well-being.on stage, audiences experienced unforgettable moments-from the return of disney's the lion king to new work developed through straz productions, including the world premiere of the boy who loved batman, based on michael uslan's memoir.this annual report reflects what your generosity makes possible today-and what it makes possible for the future.because when a community invests in the arts, it isn't just building stages, it's building the spirit, imagination and shared life of the place we call home.our 24/25 season shined with our dynamic broadway season. What can you say about a broadway season that included a world premiere, the return of disney's the lion king in all of its glory and having our hometown used as a locale in a broadway hit? What if we told you th

Financial Efficiency

• Mission deployment rate: 76.9%; rating input score 77
• Program expense ratio: 84.6%; rating input score 85
• Fundraising efficiency: $11.13 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th 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: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Limited
  • Conducts field audits: Limited
  • May suspend future funding: Limited
  • Requires financial reports: Limited
  • Conducts site visits: Limited
  • Requires grant agreements: Limited
  • May require repayment: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 77th 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: 14.9%; rating input score 82; 82nd percentile among comparable filings
• Total-asset coverage ratio: 1.34; rating input score 50; 50th percentile among comparable filings
• Liabilities to assets ratio: 0.27; rating input score 59; 59th percentile among comparable filings
• Officer compensation ratio: 5.2%; rating input score 16; 16th percentile among comparable filings

Growth

• Program expense growth: 2.4% per year; rating input score 100; 18th percentile among comparable filings
• Revenue growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
• Asset growth: 8.3% per year; rating input score 100; 60th percentile among comparable filings