Youth Musical Theater Company
- Assets
- $210.4k
- Revenue
- $622.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Berkeley, CA
- Founding
- 06/2004
- Data as of
- 08/2024
- EIN
- 34-1990661
Organization Overview
Youth Musical Theater Company is located in Berkeley, CA. The organization was established in 2004. 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 08/2024, Youth Musical Theater Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Musical 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 08/2024, Youth Musical Theater Company generated $622.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $725.5k during the year ending 08/2024. While expenses have increased by 17.2% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
KORSA MUSICAL THEATER PRODUCES PROFESSIONAL CALIBER MUSICAL THEATER WHILE PROVIDING EXCEPTIONAL TRAINING TO STUDENTS 7TH GRADE AND ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICAL THEATER PRODUCTIONS. DURING 2023-24, KORSA MUSICAL THEATER MOUNTED FOUR PRODUCTIONS. THE PRODUCTIONS INVOLVED ABOUT 30 TO 40 STUDENTS IN EACH PRODUCTION EITHER ON OR OFF STAGE, BEING TRAINED BY AND WORKING ALONGSIDE 10 TO 15 THEATER PROFESSIONALS. THE PRODUCTIONS WERE ACCOMPANIED BY BETWEEN 5 AND 34 PROFESSIONAL LIVE MUSICIANS. THE PRODUCTIONS SPANNED A REHEARSAL PERIOD RANGING FROM 8 TO 10 WEEKS EACH AND WERE PRESENTED WITH A TOTAL OF 19 PERFORMANCES FOR THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Boesing Producing Artistic Director | Officer | 40 | $106,694 |
Molly Marion Chair | OfficerTrustee | 10 | $0 |
Alexa Wilkie Co Chair | OfficerTrustee | 10 | $0 |
Kathrine Campbell Secretary | OfficerTrustee | 10 | $0 |
Craig Broscow Treasurer | OfficerTrustee | 10 | $0 |
Ariel Mazel-Gee Director | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $163,760 |
| Related organizations | $0 |
| Government grants | $8,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,825 |
| Total Program Service Revenue | $286,283 |
| Investment income | $10,985 |
| 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 | $622,093 |
| 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. | $106,695 |
| Compensation of current officers, directors, key employees. | $21,339 |
| Compensation to disqualified persons | $209,520 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $207,672 |
| Advertising and promotion | $2,504 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,806 |
| 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 | $0 |
| Insurance | $5,800 |
| All other expenses | $26,454 |
| Total functional expenses | $725,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,516 |
| Savings and temporary cash investments | $143,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $13,229 |
| 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 | $210,374 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $41,080 |
| 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 | $41,080 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $169,294 |
| Total liabilities and net assets/fund balances | $210,374 |