Theatre Aspen
- Assets
- $2.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 100
- Location
- Aspen, CO
- Founding
- 06/1984
- Data as of
- 12/2021
- EIN
- 74-2319032
Organization Overview
Theatre Aspen is located in Aspen, CO. The organization was established in 1984. 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 12/2021, Theatre Aspen employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Aspen 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 12/2021, Theatre Aspen generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 6.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL THEATRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCE THEATRICAL PRODUCTIONS USING BOTH PROFESSIONAL AND AMATEUR ACTORS.
PROVIDE THEATRICAL EDUCTATION PROGRAMS TO CHILDREN AND ADULTS OF THE ROARING FORK VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed Bernstein Producing Director | Officer | 40 | $244,131 |
Soledad Hurst Chair | OfficerTrustee | 10 | $0 |
Ali Phillips Treasurer | OfficerTrustee | 10 | $0 |
Juliet Shield-Taylor Secretary | OfficerTrustee | 10 | $0 |
Clare Evert-Shane Vice Chair | OfficerTrustee | 10 | $0 |
Amy Verschleiser Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $604,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,487,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,091,585 |
| Total Program Service Revenue | $1,144,093 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $596,646 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,832,324 |
| 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. | $218,550 |
| Compensation of current officers, directors, key employees. | $14,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,036,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,937 |
| Payroll taxes | $114,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,552 |
| Advertising and promotion | $72,578 |
| Office expenses | $61,375 |
| Information technology | $1,658 |
| Royalties | $0 |
| Occupancy | $567,314 |
| Travel | $198,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,494 |
| Interest | $1,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,563 |
| Insurance | $51,625 |
| All other expenses | $1,083 |
| Total functional expenses | $3,352,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,175 |
| Savings and temporary cash investments | $726,478 |
| Pledges and grants receivable | $103,239 |
| Accounts receivable, net | $13,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,613 |
| Prepaid expenses and deferred charges | $92,249 |
| Net Land, buildings, and equipment | $1,269,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,250 |
| Total assets | $2,636,414 |
| Accounts payable and accrued expenses | $14,843 |
| Grants payable | $0 |
| Deferred revenue | $381,000 |
| 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 | $395,843 |
| Net assets without donor restrictions | $2,137,332 |
| Net assets with donor restrictions | $103,239 |
| 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 | $2,636,414 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Theatre Aspen has recieved totaling $8,023,518.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,296,000 |
Arjun Gupta Community Foundation Aspen, CO PURPOSE: GENERAL | $155,000 |
Fullerton Family Charitable Fund Aspen, CO PURPOSE: GENERAL OPERATIONS | $80,000 |
Aspen Community Foundation Basalt, CO PURPOSE: GENERAL SUPPORT | $61,060 |
Sturm Zachary Family Foundation Aspen, CO PURPOSE: EVENT SPONSORSHIP AND PRODUCTION SUPPORT | $60,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $56,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Omaha Theater Company Omaha, NE | $9,432,355 | $7,494,980 |
Theatre Aspen Aspen, CO | $2,636,414 | $3,832,324 |
Childsplay Inc Tempe, AZ | $2,399,283 | $3,822,737 |
Abt Performing Arts Association Inc Peoria, AZ | $3,404,145 | $5,585,443 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
International Alliance Theatrical Stage Employees & Moving Picture Santa Fe, NM | $2,914,386 | $3,481,191 |
Amp Concerts Albuquerque, NM | $3,001,759 | $3,001,207 |
Rocky Mountain Repertorey Theatre Grand Lake, CO | $9,762,143 | $2,216,400 |
Salt Lake Acting Company Salt Lake City, UT | $4,313,392 | $3,686,537 |