Prescott Circus Theatre
- Assets
- $217.8k
- Revenue
- $472.8k
- Investments
- $0.0
- Employees
- 21
- Location
- Oakland, CA
- Founding
- 05/2009
- Data as of
- 06/2023
- EIN
- 26-4125728
Organization Overview
Prescott Circus Theatre is located in Oakland, CA. The organization was established in 2009. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Prescott Circus Theatre employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prescott Circus Theatre is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Prescott Circus Theatre generated $472.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $392.7k during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH CIRCUS AND THEATRE ARTS EDUCATION, THE PRESCOTT CIRCUS THEATRES MISSION IS TO EMPOWER AND ENGAGE YOUTH AS THEY DEVELOP CONFIDENCE, TEAMWORK, PERSEVERANCE, ARTIST TALENT, AND A DEDICATION TO WORKING FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2022-2023, PRESCOTT CIRCUS THEATRE SERVED 340 LOW INCOME OAKLAND PUBLIC SCHOOL STUDENTS, AGES 7 - 17, THROUGH QUALITY SCHOOL AND COMMUNITY BASED CIRCUS AND THEATER ARTS CLASSES LED BY PROFESSIONAL ARTISTS. PCT PROVIDED OVER 1000 INSTRUCTIONAL HOURS IN PARTNERSHIP WITH NINE PUBLIC SCHOOLS. YOUTH LEARNED CIRCUS SKILLS INCLUDING ACROBATICS, JUGGLING, STILT DANCING, AND CLOWNING AND PARTICIPATED IN CREATING AND PERFORMING ORIGINAL THEATRICAL SHOWS. PROGRAM STUDENTS PERFORMED AND MADE APPEARANCES AT 40 SHOWS AND COMMUNITY EVENTS FOR 25,000 PEOPLE. PARTICIPANTS REPORTED GAINS IN SELF CONFIDENCE, ABILITY TO EXPRESS ONESELF, AND HAPPINESS TO BE AT SCHOOL AS A RESULT OF THEIR INVOLVEMENT WITH PRESCOTT CIRCUS THEATRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hunt Executive Dir. | Officer | 40 | $56,770 |
Lance Mcgee Board Member | Trustee | 4 | $10,521 |
Benjamin Tucker President | OfficerTrustee | 3 | $0 |
Margaret Strom Treasurer | OfficerTrustee | 4 | $0 |
Timmy Yuen Secretary | OfficerTrustee | 4 | $0 |
Margaret Hackney Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,220 |
| Total Program Service Revenue | $76,071 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,148 |
| Compensation of current officers, directors, key employees. | $9,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,868 |
| Payroll taxes | $25,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,876 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,846 |
| Advertising and promotion | $1,643 |
| Office expenses | $7,694 |
| Information technology | $1,919 |
| Royalties | $0 |
| Occupancy | $18,160 |
| Travel | $5,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,966 |
| All other expenses | $0 |
| Total functional expenses | $392,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $72,040 |
| Accounts receivable, net | $1,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,104 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $217,839 |
| Accounts payable and accrued expenses | $12,157 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,157 |
| Net assets without donor restrictions | $98,682 |
| Net assets with donor restrictions | $107,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $217,839 |