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Nonprofit · EIN 95-1831068

LOBERO THEATRE FOUNDATION

Tax-exempt · SANTA BARBARA, CA 93101

Financials

$5.1M$5.1M2024
Revenue Expenses · by fiscal year end
Financials of LOBERO THEATRE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$5,099,859$5,057,928$41,931$16,758,197$2,884,840$13,873,357
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$2,466,556
of which government grants
$11,800
Program service revenue
$2,616,592
Investment income
$42,302
Net income from fundraising events
-$27,500
Other revenue
-$25,591

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$220,140
Other salaries and wages
$1,757,383
Salaries, compensation and benefits (total)
$2,380,626
Professional fundraising fees
$11,528
Accounting fees
$12,000
Occupancy
$289,503
Depreciation
$434,728
Program services (functional)
$3,866,664
Management and general (functional)
$381,624
Fundraising (functional)
$809,640

Balance sheet and other

Total assets, start of year
$16,108,372
Total assets, end of year
$16,758,197
Total liabilities, end of year
$2,884,840
Net assets, end of year
$13,873,357
Land, buildings and equipment
$6,050,649
Publicly traded securities
$7,607,286
Net assets without donor restrictions
$6,983,474
Net assets with donor restrictions
$6,889,883
Gross receipts
$5,151,649
Employees
100
Volunteers
180
Year formed
1938
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DAVID ASBELLEXECUTIVE DIRECTOR
Officer
40$220,141$11,502
TODD JAREDTECHNICAL DIRECTOR
Highest-paid employee
40$155,021$32,349
BRANDON MOWERYDIRECTOR OF DEVELOPMENT
Highest-paid employee
40$149,937$4,615
MARIANNE CLARKADMINISTRATIVE DIRECTOR
Highest-paid employee
40$133,050$18,478
DONALD MCGREEVYCONTROLLER
Highest-paid employee
40$108,656$16,238
CHARLES DE L'ARBEPRESIDENT
Trustee or director, Officer
3$0$0
BRIDGET FOREMANTREASURER
Trustee or director, Officer
3$0$0
MELISSA FASSETTSECRETARY
Trustee or director, Officer
3$0$0
ROB HAMBLETONVICE PRESIDENT
Trustee or director
2$0$0
STEVE HAYESPAST PRESIDENT
Trustee or director
2$0$0
JOHN GERNGROSSAT LARGE
Trustee or director
2$0$0
SUSAN TORREYAT LARGE
Trustee or director
2$0$0
TIM CASEYDIRECTOR
Trustee or director
2$0$0
STEPHEN CLOUDDIRECTOR
Trustee or director
2$0$0
MINDY DENSONDIRECTOR
Trustee or director
2$0$0
11 more people on this return
NameTitleHours / weekCompensation
JEFF DEVINEDIRECTOR
Trustee or director
2$0
BRETT HODGESDIRECTOR
Trustee or director
2$0
LAURIE BENTSON KAUTHDIRECTOR
Trustee or director
2$0
LAURIE KIRBYDIRECTOR
Trustee or director
2$0
AMY MACLEODDIRECTOR
Trustee or director
2$0
JANET MCCANNDIRECTOR
Trustee or director
2$0
DENISE SANFORDDIRECTOR
Trustee or director
2$0
LUIS VILLEGASDIRECTOR
Trustee or director
2$0
TORBEN VON STADENDIRECTOR
Trustee or director
2$0
DAVID ANDERSONDIRECTOR EMERITUS
Trustee or director
2$0
MARIANNE PARTIDGEDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
33 E CANON PERDIDO ST, SANTA BARBARA, CA 93101-2213
Principal officer (990 for 2024)
CHARLES DE L'ARBE, 33 E CANON PERDIDO STREET, SANTA BARBARA, CA 93101
Signed the 990
BRIDGET FOREMAN, TREASURER
Phone
(805) 966-4946
Return prepared by
NASIF HICKS HARRIS & CO LLP

Mission

THE MISSION OF THE LOBERO THEATRE FOUNDATION IS TO MAINTAIN AND OPERATE THE HISTORIC LOBERO THEATRE AS A PERFORMING ARTS CENTER AND CULTURAL ASSET TO THE COMMUNITY, AND TO PRESENT THE HIGHEST QUALITY PRODUCTIONS IN MUSIC, DANCE AND THEATER.

990 for the year ended May 31, 2025

Program accomplishments

  • OUR COMMUNITY ACCESS FUND (CAF) SUBSIDIZES THE COST OF PERFORMING ON THE LOBERO STAGE FOR NEARLY ALL LOCAL ARTS ORGANIZATIONS, WITH SPECIAL FOCUS ON GROUPS FEATURING YOUTH PERFORMERS OR SERVING YOUTH AUDIENCES. CAF RECIPIENTS INCLUDE OPERA SANTA BARBARA, STATE STREET BALLET, SB YOUTH SYMPHONY, FLAMENCO ARTS FESTIVAL, COMMUNITY ARTS MUSIC ASSOCIATION, MUSIC ACADEMY OF THE WEST AND MANY MORE.OUR YOUTH & COMMUNITY OUTREACH PROGRAMS SEND PROFESSIONAL JAZZ MUSIC EDUCATORS INTO LOCALS SCHOOLS TO PROVIDE HANDS-ON MUSIC INSTRUCTION TO MORE THAN 300 STUDENTS, AS WELL AS INVITING 2000+ OF STUDENTS AND LOW-INCOME SENIORS INTO THE THEATRE EACH YEAR TO EXPERIENCE MUSIC, DANCE AND MAGIC PERFORMANCES AS AUDIENCE MEMBERS.THE LOBERO LIVE SERIES BRINGS WORLD-CLASS ARTISTS TO SANTA BARBARA AUDIENCES, WITH AN EMPHASIS ON JAZZ, AMERICANA AND OTHER ROOTS MUSIC GENRES. WITH MORE THAN 30 EVENTS PER YEAR, THIS PROGRAM SERVES MORE THAN 15,000 PATRONS IN A VENUE THAT IS BOTH INTIMATE AND WELCOMING.
    Expenses $3,866,664 · revenue $2,618,501

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
95-1831068
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1938
Accounting year ends
May
Files
Form 990 or 990-EZ
Assets (IRS master file)
$16,758,197
Income (IRS master file)
$5,151,649

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025–––IRS
990May 2024–––IRS
990May 2023$5,210,201$4,578,819$14,117,017IRS
990-TMay 2023–––IRS
990May 2022$5,213,777$3,728,091$11,390,447IRS
990-TMay 2022–––IRS
990May 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about LOBERO THEATRE FOUNDATION

What is the EIN of LOBERO THEATRE FOUNDATION?
The employer identification number (EIN) of LOBERO THEATRE FOUNDATION is 95-1831068.
Is LOBERO THEATRE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
Are donations to LOBERO THEATRE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LOBERO THEATRE FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LOBERO THEATRE FOUNDATION due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOBERO THEATRE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of LOBERO THEATRE FOUNDATION?
The 990 for the year ended May 31, 2025 names CHARLES DE L'ARBE.
Who are the officers and directors of LOBERO THEATRE FOUNDATION?
The 990 for the year ended May 31, 2025 lists 26 people; 5 received compensation from the organization, the highest $220,141 (DAVID ASBELL, EXECUTIVE DIRECTOR).
How much revenue does LOBERO THEATRE FOUNDATION have?
On its 990 for the year ended May 31, 2025 it reported revenue of $5,099,859, expenses of $5,057,928 and total assets of $16,758,197 at year end.

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