Better Business Bureau Report for
Hobby Center for the Performing Arts

Better Business Bureau Report issued October 2011
Better Business Bureau Report expires October 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Hobby Center for the Performing Arts
Address: 800 Bagby St ., Ste. 300
  Houston, TX 77002
Phone: 713-315-2555
Web Address: www.thehobbycenter.org
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Better Business Bureau Comments

Year, State Incorporated: 1994, Texas
Affiliates: None
Stated Purpose: To serve the community as a privately operated and maintained institution that will provide premier venues for resident companies and other professional and community attractions; to broaden the range, quality and accessibility of cultural fare available to the public; to encourage distinctive arts education and outreach programs; and to contribute to the cultural quality of life in Houston, Harris County, and the region.

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Evaluation Conclusions

               

Hobby Center for the Performing Arts meets the 20 Standards for Charity Accountability.
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Programs

               

The Hobby Center for the Performing Arts maintains and operates Uniquely Houston, which is a program that provides a home venue for Houston's small and mid-sized performing arts organizations in the Theater District. The collaboration provides their partner organizations with access to technical, marketing and operational expertise in addition to assistance with the overall production quality of each presentation. In 2009-2010, over 1,200 volunteers donated over 41,000 hours of service.

For the fiscal year ended August 31, 2010, Hobby Center for the Performing Arts's program expenses were:

  
Theatre operations 6,437,253
Parking operations 1,432,390
Total Program Expenses: $7,869,643
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Governance

               

Chief Executive : Fran MacFerran, President
Compensation*:

Chair of the Board: Edgar Geisinger
Chair's Profession / Business Affiliation: Managing Partner, KPMG LLP

Board Size: 14

Paid Staff Size: 71

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, grant proposals, internet
Fund raising costs were 35% of related contributions. (Related contributions, which totaled $576,444, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Hobby Center for the Performing Arts' audited financial statements for the fiscal year ended August 31, 2010.

Source of Funds  
Theatre operations 5,495,174
Parking operations 1,780,070
Rental income 427,570
Contributions 426,042
Sponsorship income 150,402
Interest and other income 109,691
Total Income $8,388,949


chart



Uses of Funds as a % of Total Expenses

Programs: 90%  Fund Raising: 2%  Administrative: 8% 

Total income   $8,388,949
  Program expenses $7,869,643
  Fund raising expenses 199,771
  Administrative expenses 699,206
 
Total expenses   $8,768,620
Expenses in Excess of Income   (379,671)
Beginning net assets   65,546,606
Ending net assets   65,166,935
Total liabilities   23,453,157
Total assets   $88,620,092


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Complaints

               

When considering complaint information, please take into account the business's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB processed a total of 2 complaint(s) about this business in the last 36 months, our standard reporting period. Of the total 2 complaint(s) closed in the last 36 months, 1 was closed in the last 12 months.

These complaints concerned:

1   regarding Contract Disputes
1   regarding Service Issues

 

These complaints were closed as:

2   Resolved
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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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