Madison Project
- Assets
- $22.2m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 65
- Location
- Santa Monica, CA
- Founding
- 03/2007
- Data as of
- 06/2021
- EIN
- 41-2221712
Organization Overview
Madison Project, operating under the name The Broad Stage, is located in Santa Monica, CA. The organization was established in 2007. 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 06/2021, Broad Stage employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broad Stage 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 06/2021, Broad Stage generated $12.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT PERFORMANCES FOR THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MADISON PROJECT PRESENTED 58 PERFORMANCES OF MUSIC, OPERA, THEATER AND DANCE DURING THE FISCAL YEAR JUNE 30, 2021.
EDUCATION & OUTREACH - THE MADISON PROJECT PRESENTED 15 FAMILY PERFORMANCES, LECTURES, AND MASTER CLASSES FOR STUDENTS OF ALL AGES DURING THE FISCAL YEAR JUNE 30, 2021.
THE MADISON PROJECT PRESENTED 58 PERFORMANCES OF MUSIC, OPERA, THEATER AND DANCE DURING THE FISCAL YEAR JUNE 30, 2021.
EDUCATION & OUTREACH - THE MADISON PROJECT PRESENTED 15 FAMILY PERFORMANCES, LECTURES, AND MASTER CLASSES FOR STUDENTS OF ALL AGES DURING THE FISCAL YEAR JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Bailis Executive Director | Officer | 40 | $104,611 |
Anne Taubman Vice-Chair & Treasurer | OfficerTrustee | 5 | $0 |
Jennifer Diener Chair | OfficerTrustee | 5 | $0 |
Barbara Herman Secretary | OfficerTrustee | 5 | $0 |
Dr Kathryn E Jeffery Director | Trustee | 5 | $0 |
Susan Aminoff Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jones & Associates Accounting Pc Outsourced Accounting | 6/29/20 | $145,440 |
Forte Strategies Marketing/development Consultant | 6/29/20 | $135,000 |
Forte Strategies Marketing/development Consultant | 6/29/20 | $135,000 |
Jones & Associates Accounting Pc Outsourced Accounting | 6/29/20 | $145,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $204,160 |
| Related organizations | $0 |
| Government grants | $263,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,149,972 |
| Noncash contributions included in lines 1a–1f | $150,255 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,617,413 |
| Total Program Service Revenue | $86,629 |
| Investment income | $116,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,825 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$354 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,945,005 |
| 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. | $112,614 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,155,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,575 |
| Payroll taxes | $93,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,086 |
| Fees for services: Other | $221,318 |
| Advertising and promotion | $85,136 |
| Office expenses | $16,879 |
| Information technology | $75,719 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,338 |
| 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 | $47,936 |
| Insurance | $7,411 |
| All other expenses | $0 |
| Total functional expenses | $2,171,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,377,035 |
| Savings and temporary cash investments | $10,190 |
| Pledges and grants receivable | $5,864,679 |
| 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 | $26,765 |
| Net Land, buildings, and equipment | $42,655 |
| Investments—publicly traded securities | $12,908,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,229,755 |
| Accounts payable and accrued expenses | $330,284 |
| Grants payable | $0 |
| Deferred revenue | $173,138 |
| 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 | $844,255 |
| Total liabilities | $1,347,677 |
| Net assets without donor restrictions | $133,169 |
| Net assets with donor restrictions | $20,748,909 |
| 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 | $22,229,755 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Madison Project has recieved totaling $5,274,350.
| Awarding Organization | Amount |
|---|---|
Broad Foundation Los Angeles, CA PURPOSE: ARTS - ENDOWMENT FOR WEST LOS ANGELES COMMUNITY THEATER THE BROAD STAGE | $5,000,000 |
Broad Foundation Los Angeles, CA PURPOSE: ARTS - TO SUPPORT WEST LOS ANGELES COMMUNITY THEATER THE BROAD STAGE | $200,000 |
| $58,100 | |
Farhang Foundation Glendale, CA PURPOSE: PROMOTION OF IRANIAN ART/CULTURE/HISTORY | $10,000 |
Colburn Foundation Beverly Hills, CA PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $6,250 |
Endowment Analysis
| Beg. Balance | $7,379,827 |
| Earnings | $2,444,007 |
| Net Contributions | $10,000,000 |
| Other Expense | $307,141 |
| Ending Balance | $17,493,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Old Globe Theatre San Diego, CA | $79,168,056 | $16,473,770 |
Geffen Playhouse Inc Los Angeles, CA | $33,029,635 | $21,063,113 |
Center Theatre Group Of Los Angeles Los Angeles, CA | $93,308,392 | $15,777,431 |
Theatre & Arts Foundation Of San Diego County La Jolla, CA | $96,134,792 | $15,790,250 |
Berkeley Repertory Theatre Berkeley, CA | $78,284,133 | $11,370,014 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Theatreworks Silicon Valley Redwood City, CA | $8,373,819 | $8,187,041 |
South Coast Repertory Inc Costa Mesa, CA | $83,774,342 | $5,710,509 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Theatre For Children Inc Sacramento, CA | $27,810,781 | $2,930,921 |