Forward Theater Company
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 36
- Location
- Madison, WI
- Founding
- 08/2009
- Data as of
- 06/2022
- 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 06/2022, Forward Theater Company employed 36 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 06/2022, Forward Theater Company generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 9.3% per year over the past 7 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
2022
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 2021-2022 SEASON, FORWARD THEATER COMPANY PERFORMED FOUR PLAYS MOM, HOW DID YOU MEET THE BEATLES, THE AMATEURS, THE MYTILENEAN DEBATE, AND RUSSIAN TROLL FARM. THEY ALSO PRODUCED 4 READINGS FOR THE WISCONSIN WRIGHTS NEW PLAY FESTIVAL. TOTAL ATTENDANCE FOR EACH MAINSTAGE PLAY WAS 2,306, 3,590, 3,149, AND 3,854 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 |
|---|---|---|---|
Jennifer Gray Artistic Director | Officer | 40 | $80,250 |
Julie Swenson Managing Director | Officer | 40 | $77,833 |
Steve Suleski Chair | OfficerTrustee | 10 | $0 |
Rozan Anderson Vice Chair | OfficerTrustee | 3 | $0 |
Hallie Kuenning Treasurer | OfficerTrustee | 2 | $0 |
Amy Gilman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,077 |
| Related organizations | $0 |
| Government grants | $295,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $630,749 |
| Noncash contributions included in lines 1a–1f | $12,587 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $939,453 |
| Total Program Service Revenue | $541,808 |
| Investment income | $48,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,311 |
| Net Income from Fundraising Events | -$1,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,526,795 |
| 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. | $155,000 |
| Compensation of current officers, directors, key employees. | $60,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $311,909 |
| Pension plan accruals and contributions | $18,473 |
| Other employee benefits | $59,616 |
| Payroll taxes | $39,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212,925 |
| Advertising and promotion | $92,788 |
| Office expenses | $29,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $261,031 |
| Travel | $0 |
| 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 | $850 |
| Insurance | $14,996 |
| All other expenses | $0 |
| Total functional expenses | $1,384,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,044 |
| Savings and temporary cash investments | $1,063,074 |
| Pledges and grants receivable | $300,693 |
| Accounts receivable, net | $8,067 |
| 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 | $37,084 |
| Net Land, buildings, and equipment | $1,412 |
| Investments—publicly traded securities | $172,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425,430 |
| Total assets | $2,539,546 |
| Accounts payable and accrued expenses | $10,721 |
| Grants payable | $0 |
| Deferred revenue | $370,978 |
| 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 | $381,699 |
| Net assets without donor restrictions | $1,731,107 |
| Net assets with donor restrictions | $426,740 |
| 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 | $2,539,546 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Forward Theater Company has recieved totaling $228,682.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $75,250 |
John M Kohler Foundation Inc Milwaukee, WI PURPOSE: GENERAL OPERATING | $40,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $35,000 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $22,225 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES THANKS FOR YOUR WORK IN KEEPING THEATER ARTS ALIVE IN MADISON DURING THESE COVID TIMES | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $15,000 |
Endowment Analysis
| Beg. Balance | $392,760 |
| Earnings | -$59,524 |
| Admin Expense | $11,669 |
| Net Contributions | $65,475 |
| Ending Balance | $387,042 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Hennepin Theatre Tr Minneapolis, MN | $22,588,604 | $4,825,873 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |
Lookingglass Theatre Company Chicago, IL | $2,356,485 | $3,866,114 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
Writers Theatre Inc Glencoe, IL | $34,601,018 | $3,459,112 |