Salvage Vanguard Theater
- Assets
- $96.3k
- Revenue
- $118.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, TX
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 74-2759503
Organization Overview
Salvage Vanguard Theater is located in Austin, TX. The organization was established in 1996. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salvage Vanguard Theater 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 12/2022, Salvage Vanguard Theater generated $118.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $149.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. 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
SALVAGE VANGUARD THEATER (SVT) SERVES AS A HUB FOR AUSTIN ARTISTS, AUDIENCES, AND ARTS ORGANIZATIONS. SVT PRODUCES TRANSFORMATIVE, HIGH-QUALITY ARTISTIC EXPERIENCES THAT FOSTER EXPERIMENTATION AND CONVERSATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, SVT HOSTED TWO MAINSTAGE PRODUCTIONS, ONE DEVELOPMENTAL WORKSHOP EVENT, A PROFESSIONAL DEVELOPMENT SERIES, A MONTHLY EXPERIMENTAL INCUBATOR FOR PERFORMING ARTISTS, AND ONE COMMUNITY GATHERING. WE STARTED THE YEAR WITH A WORKS PROGRESS AUSTIN DEVELOPMENTAL WORKSHOP AND PUBLIC SHARING FOR BRIGHT MOTHER: AN INVITATION TO BEING BY RACHEL LONG AND SAD JONES WHICH WOULD THEN PREMIERE AS ONE OF OUR MAINSTAGE PRODUCTIONS IN THE SPRING. OUR SECOND MAINSTAGE PRODUCTION TOOK PLACE IN THE FALL AND FEATURED A PARTNERSHIP WITH THE BLANTON MUSEUM OF ART FOR THE WORLD PREMIERE OF CASTA BY ADRIENNE DAWES. WE ALSO PARTNERED WITH NEW MANIFEST THEATRE TO HOST THEIR OUTDOOR PRODUCTION OF BLKS BY AZIZA BARNES. WE ALSO COMPLETED OUR PROFESSIONAL DEVELOPMENT INITIATIVE FOR ARTISTS IN COLLABORATION WITH EARLY ERA COLLECTIVE WITH THE THIRD INSTALLMENT, EMBOLDEN PART III: DEMAND YOUR WORTH LED BY FLORINDA BRYANT. CHOKE INCUBATOR WAS A NEW INITIATIVE CO- PRODUCED WITH GRACKLE JACK AIMED TO EMPOWER THE CREATION OF NEW WORK. ARTISTS SELECTED FOR THE CHOKE INCUBATOR COHORT MET ONCE A MONTH FOR FOUR MONTHS TO SHARE, EXPERIMENT, AND PARTICIPATE IN ARTIST-LED FEEDBACK. WE ALSO HOSTED A SUMMER SAUNA GATHERING FEATURING FOURTEEN COLLABORATORS AND A DYNAMIC RANGE OF PERFORMANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Taylor Artistic Director | Officer | 40 | $30,500 |
Hannah Vahl Chair | Officer | 1 | $0 |
Valerie Johnson Vice Chair | Officer | 1 | $0 |
Megan Bommarito Secretary | Officer | 1 | $0 |
Jess Champion Treasurer & Interim Chair | Officer | 1 | $0 |
Don Semyon Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,376 |
| Total Program Service Revenue | $6,500 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,076 |
| 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. | $30,500 |
| Compensation of current officers, directors, key employees. | $6,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,512 |
| Advertising and promotion | $1,100 |
| Office expenses | $2,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,673 |
| Travel | $3,193 |
| 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 | $9,366 |
| Insurance | $4,467 |
| All other expenses | $0 |
| Total functional expenses | $149,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,390 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $28,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,269 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,115 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,115 |
| 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 | $94,154 |
| Total liabilities and net assets/fund balances | $96,269 |