Act One
- Assets
- $1.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Phoenix, AZ
- Founding
- 01/2013
- Data as of
- 06/2022
- EIN
- 45-3560706
Organization Overview
Act One is located in Phoenix, AZ. The organization was established in 2013. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Act One employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Act One 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, Act One generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $961.2k during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 6 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 MEANINGFUL ART EXPERIENCES THAT ENHANCE THE ACADEMIC AND CREATIVE POTENTIAL OF CHILDREN AND FAMILIES IN ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
53 FIELD TRIPS IN PHOENIX AND TUCSON, SERVING 9,607 TITLE 1 STUDENTS. TICKET REVENUE 9,094
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernadette Carroll Executive Director | Officer | 40 | $121,068 |
Christina Burroughs Chair | OfficerTrustee | 2 | $0 |
Hilary Smedsrud Vice Chair | OfficerTrustee | 2 | $0 |
Al Priem Treasurer | OfficerTrustee | 2 | $0 |
Mac Perlich Secretary | OfficerTrustee | 2 | $0 |
Chris Houk Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $197,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,208,813 |
| Noncash contributions included in lines 1a–1f | $12,374 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,406,579 |
| Total Program Service Revenue | $10,844 |
| Investment income | $15,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,427,696 |
| 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. | $109,995 |
| Compensation of current officers, directors, key employees. | $22,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,088 |
| Pension plan accruals and contributions | $7,447 |
| Other employee benefits | $32,127 |
| Payroll taxes | $23,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,502 |
| Fees for services: Accounting | $34,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,721 |
| Fees for services: Other | $39,305 |
| Advertising and promotion | $38,594 |
| Office expenses | $32,792 |
| Information technology | $16,609 |
| Royalties | $0 |
| Occupancy | $36,948 |
| Travel | $21,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,804 |
| Interest | $5,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,237 |
| Insurance | $19,570 |
| All other expenses | $0 |
| Total functional expenses | $961,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,713 |
| Savings and temporary cash investments | $596,549 |
| Pledges and grants receivable | $431,660 |
| 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 | $3,961 |
| Net Land, buildings, and equipment | $492,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,219 |
| Total assets | $1,556,445 |
| Accounts payable and accrued expenses | $73,396 |
| 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 | $154,347 |
| Other liabilities | $57,763 |
| Total liabilities | $285,506 |
| Net assets without donor restrictions | $866,439 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,556,445 |