Village Theatre
- Assets
- $23.5m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 425
- Location
- Issaquah, WA
- Founding
- 09/1979
- Data as of
- 08/2021
- EIN
- 91-1077130
Organization Overview
Village Theatre is located in Issaquah, WA. The organization was established in 1979. 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 08/2021, Village Theatre employed 425 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Theatre 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 08/2021, Village Theatre generated $8.8m 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 (4.4%) each year. All expenses for the organization totaled $5.3m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENLIGHTEN AUDIENCES IN THE PACIFIC NORTHWEST THROUGH PROFESSIONAL, TOP QUALITY LIVE THEATRE PRODUCTIONS; TRAIN YOUNG PEOPLE IN THEATRE SKILLS FOR ENRICHED LIVES; AND SUPPORT THE GROWTH OF THE MUSICAL THEATRE ART FORM THROUGH THE DEVELOPMENT OF RELEVANT AND SIGNIFICANT NEW WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINSTAGE PRODUCTIONS FOCUS ON EXCELLENCE IN FAMILY THEATRE, DEVELOPING A BROAD BASED APPRECIATION FOR LIVE THEATRE AND PROMOTING POSITIVE VALUES THROUGH ART. DUE TO COVID-19, THE THEATRE REMAINED SHUTTERED DURING THE 2020/2021 SEASON. THE THEATRE CONTINUED TO SELL GIFT CERTIFICATES AND ALTHOUGH MANY PRODUCTION STAFF WERE FURLOUGHED SOME REMAINED TO PLAN NEXT SEASON AND WORK ON DEVELOPING AND IMPROVING PROCESSES.
VILLAGE ORIGINALS IS A MISSION DRIVEN PROGRAM TO COMMISSION AND PRODUCE NEW MUSICALS THAT ACHIEVE NATIONAL EXPOSURE. THROUGH THE VILLAGE ORIGINALS PROGRAM, NEW WORKS ARE PRODUCED TO VARIOUS DEGREES IN COLLABORATION WITH THE SHOW'S CREATORS. THIS PROCESS HELPS TO FOSTER THE GROWTH OF NEW MUSICALS IN AMERICA AND AROUND THE WORLD. VILLAGE THEATRE IS ONE OF ONLY A HANDFUL OF PROFESSIONAL THEATRE COMPANIES THROUGHOUT THE COUNTRY THAT COMMISSIONS AND DEVELOPS NEW MUSICALS. VILLAGE THEATRE'S REPUTATION IN THIS ARENA CONTINUES TO GROW ON A NATIONAL AND INTERNATIONAL LEVEL. DUE TO COVID-19 THE VILLAGE ORIGINALS PROGRAM WAS VERY LIMITED IN IT'S PROGRAMMING. THE VILLAGE ORIGINALS PROGRAM CONTINUED TO WORK WITH WRITERS DURING COVID-19 ON UNCOMPLETED SCRIPTS. THE PROGRAM HELPS WRITERS TO DEVELOP IDEAS, CREATE MATERIAL, TEST DRAFTS, PROVIDE FEEDBACK AND RECEIVE DRAMATURGICAL SUPPORT.
KIDSTAGE TRAINS YOUNG PEOPLE IN THEATRE SKILLS FOR CAREER OPPORTUNITIES AND ENRICHED LIVES BY OFFERING CLASSES AND PERFORMANCE OPPORTUNITIES. KIDSTAGE EDUCATION PROGRAMS CONSIST OF YEAR-ROUND CLASSES AND CAMPS; AND PERFORMANCE OPPORTUNITIES IN TWO LOCATIONS: ISSAQUAH AND EVERETT, WASHINGTON. ENROLLMENT IN CLASSES WAS APPROXIMATELY 1,500 STUDENTS. KIDSTAGE PRODUCED 8 MUSICALS THROUGHOUT THE YEAR BETWEEN BOTH LOCATIONS. AN AUDIENCE OF 3,866 ATTENDED 29 PERFORMANCES. SOME OF THE PERFORMANCE OPPORTUNITIES ARE PROVIDED AT NO COST TO THE STUDENTS; WHILE OTHERS ARE TUITION BASED. DUE TO COVID-19 MANY KIDSTAGE PRODUCTIONS AND CLASSES WERE LIMITED IN SCOPE COMPARED TO PRIOR YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Hunt Executive Producer | Officer | 50 | $163,989 |
Gerald Dixon Artistic Director | 40 | $124,308 | |
Diane Wright Director Of Finance | Officer | 50 | $95,533 |
J Patrick Ostrander Treasurer | OfficerTrustee | 5 | $0 |
Twyla Lucas Vice President Strategic Fundraising | OfficerTrustee | 5 | $0 |
Bruce Wanta Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $247,528 |
| Related organizations | $0 |
| Government grants | $4,717,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,590,096 |
| Noncash contributions included in lines 1a–1f | $4,436 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,555,101 |
| Total Program Service Revenue | $878,803 |
| Investment income | $102,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11 |
| Net Rental Income | $164,155 |
| Net Gain/Loss on Asset Sales | $101 |
| Net Income from Fundraising Events | $2,207 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $69 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,767,180 |
| 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. | $283,038 |
| Compensation of current officers, directors, key employees. | $129,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,543,514 |
| Pension plan accruals and contributions | $44,672 |
| Other employee benefits | $199,224 |
| Payroll taxes | $451,664 |
| Fees for services: Management | $10,417 |
| Fees for services: Legal | $24,161 |
| Fees for services: Accounting | $33,429 |
| Fees for services: Lobbying | $13,730 |
| Fees for services: Fundraising | $30,236 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,937 |
| Advertising and promotion | $83,068 |
| Office expenses | $69,795 |
| Information technology | $139,432 |
| Royalties | $47,246 |
| Occupancy | $497,228 |
| Travel | $33,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,334 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450,852 |
| Insurance | $58,844 |
| All other expenses | $0 |
| Total functional expenses | $5,343,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,811 |
| Savings and temporary cash investments | $8,297,264 |
| Pledges and grants receivable | $1,444,096 |
| Accounts receivable, net | $89,834 |
| 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 | $559,919 |
| Net Land, buildings, and equipment | $10,581,477 |
| Investments—publicly traded securities | $2,166,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $23,494,101 |
| Accounts payable and accrued expenses | $298,588 |
| Grants payable | $0 |
| Deferred revenue | $3,437,422 |
| 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 | $2,591,339 |
| Unsecured mortgages and notes payable | $1,761,100 |
| Other liabilities | $0 |
| Total liabilities | $8,088,449 |
| Net assets without donor restrictions | $12,312,488 |
| Net assets with donor restrictions | $3,093,164 |
| 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 | $23,494,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Village Theatre has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Temcov Foundation Anacortes, WA PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $1,500,610 |
| Earnings | $410,709 |
| Net Contributions | $315,648 |
| Other Expense | $60,267 |
| Ending Balance | $2,166,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Seattle Repertory Theatre Seattle, WA | $11,018,492 | $11,241,562 |
Village Theatre Issaquah, WA | $23,494,101 | $8,767,180 |
A Contemporary Theatre Inc Seattle, WA | $4,152,223 | $6,596,754 |
Portland Center Stage Portland, OR | $4,466,227 | $5,640,293 |
Tacoma Arts Live Tacoma, WA | $3,194,540 | $3,456,801 |
Artists Repertory Theatre Portland, OR | $14,727,144 | $2,680,665 |
Idaho Shakespeare Festival Inc Boise, ID | $8,329,786 | $2,964,259 |
Music For Life Institute Bellingham, WA | $1,486,118 | $1,674,576 |
Tower Theatre Foundation Inc Bend, OR | $3,447,410 | $2,473,687 |
Lakewood Theatre Company Lake Oswego, OR | $5,470,972 | $2,767,462 |
Taproot Theatre Seattle, WA | $7,891,610 | $2,609,460 |