Forward Theater Company
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 35
- Location
- Madison, WI
- Founding
- 08/2009
- Data as of
- 06/2023
- EIN
- 26-4576271
Organization Overview
Forward Theater Company is located in Madison, WI. The organization was established in 2009. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Forward Theater Company employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Theater Company 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, Forward Theater Company generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 9.9% 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
TO PROVIDE EXCEPTIONAL THEATER FOR AUDIENCES AND GIVE THEATER PROFESSIONALS AN ARTISTIC HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2022-2023 SEASON, FORWARD THEATER COMPANY PERFORMED FOUR PLAYS, THE WANDERERS, FEEDING BEATRICE: A GOTHIC TALE, AIRNESS, AND ARTEMISIA. TOTAL ATTENDANCE FOR EACH PERFORMANCE WAS 3,144, 3,668, 3,684, AND 4,337, RESPECTIVELY. THESE PROGRAMS HELP CREATE A HOME BASE FOR WISCONSIN THEATER PROFESSIONALS AND AUDIENCES THAT EXPANDS THE CULTURAL AND ECONOMIC LIFE OF THE GREATER MADISON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rozan Anderson Chair | OfficerTrustee | 5 | $0 |
David Chaimson Vice Chair | OfficerTrustee | 2 | $0 |
Hallie Kuenning Treasurer | OfficerTrustee | 2 | $0 |
Marci Henderson Director | Trustee | 2 | $0 |
Gwen Jones Director | Trustee | 2 | $0 |
Roth Judd Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,515 |
| Related organizations | $0 |
| Government grants | $12,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $740,760 |
| Noncash contributions included in lines 1a–1f | $14,398 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $807,061 |
| Total Program Service Revenue | $637,203 |
| Investment income | $40,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,544 |
| Net Income from Fundraising Events | -$19,654 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,466,846 |
| 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. | $189,017 |
| Compensation of current officers, directors, key employees. | $74,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,348 |
| Pension plan accruals and contributions | $15,238 |
| Other employee benefits | $58,480 |
| Payroll taxes | $38,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,744 |
| Fees for services: Other | $241,162 |
| Advertising and promotion | $104,991 |
| Office expenses | $27,667 |
| Information technology | $4,881 |
| Royalties | $0 |
| Occupancy | $296,849 |
| Travel | $2,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,959 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,468 |
| Insurance | $16,742 |
| All other expenses | $0 |
| Total functional expenses | $1,579,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $586,964 |
| Savings and temporary cash investments | $974,900 |
| Pledges and grants receivable | $274,667 |
| Accounts receivable, net | $35,286 |
| 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 | $28,456 |
| Net Land, buildings, and equipment | $13,799 |
| Investments—publicly traded securities | $177,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $456,189 |
| Total assets | $2,548,022 |
| Accounts payable and accrued expenses | $18,444 |
| Grants payable | $0 |
| Deferred revenue | $408,716 |
| 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 | $31,675 |
| Total liabilities | $458,835 |
| Net assets without donor restrictions | $1,684,519 |
| Net assets with donor restrictions | $404,668 |
| 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 | $2,548,022 |