Admiral Theatre Foundation
- Assets
- $5.3m
- Revenue
- $2.3m
- Investments
- $786.9k
- Employees
- 68
- Location
- Bremerton, WA
- Founding
- 04/1995
- Data as of
- 08/2020
- EIN
- 91-1478193
Organization Overview
Admiral Theatre Foundation is located in Bremerton, WA. The organization was established in 1995. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Admiral Theatre Foundation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Admiral Theatre Foundation 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 08/2020, Admiral Theatre Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.1m during the year ending 08/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
RENOVATION, OPERATION, AND MAINTENANCE OF THE ADMIRAL THEATRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF THEATRICAL PERFORMANCES FOR KITSAP COMMUNITY TO COME TOGETHER FOR ENTERTAINMENT AND APPRECIATION OF THE PERFORMING ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Johnson Executive Director | Officer | 40 | $97,499 |
Brian Buskirk Director | Trustee | 1 | $0 |
Steve Politakis Director | Trustee | 1 | $0 |
Rose Holdren Director | Trustee | 1 | $0 |
Debra Keene Bergeron Vice President | Trustee | 1 | $0 |
David Nelson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,451 |
| Investment income | $38,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,489 |
| 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 | $2,302,492 |
| Statement of Expenses | |
|---|---|
| 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. | $93,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $638,845 |
| Pension plan accruals and contributions | $10,569 |
| Other employee benefits | $50,748 |
| Payroll taxes | $78,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,568 |
| Advertising and promotion | $65,820 |
| Office expenses | $13,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,090 |
| Travel | $8,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,724 |
| Insurance | $23,454 |
| All other expenses | $0 |
| Total functional expenses | $2,140,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,045 |
| Prepaid expenses and deferred charges | $44,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $786,910 |
| Investments—program-related | $0 |
| Intangible assets | $6,951 |
| Other assets | $0 |
| Total assets | $5,326,059 |
| Accounts payable and accrued expenses | $80,809 |
| Grants payable | $0 |
| Deferred revenue | $473,779 |
| 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 | $287,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $842,158 |
| 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 |
| Total liabilities and net assets/fund balances | $4,483,901 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Admiral Theatre Foundation has recieved totaling $220,669.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
Hanson Family Foundation Bellevue, WA PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $169 |
Endowment Analysis
| Beg. Balance | $786,910 |
| Earnings | $346,265 |
| Net Contributions | $250,000 |
| Ending Balance | $1,383,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Theatre Group Seattle, WA | $54,057,952 | $15,388,598 |
B H Music Center Seattle, WA | $60,522,561 | $1,629,830 |
Sun Valley Summer Symphony Inc Sun Valley, ID | $21,678,504 | $4,964,216 |
Mount Baker Theatre Bellingham, WA | $11,335,645 | $5,704,863 |
Sun Valley Center For The Arts Inc Sun Valley, ID | $8,382,045 | $3,240,614 |
Alaska Center For The Performing Arts Inc Anchorage, AK | $5,252,676 | $3,325,107 |
Admiral Theatre Foundation Bremerton, WA | $5,326,059 | $2,302,492 |
Sun Valley Performing Arts Center Inc Sun Valley, ID | $17,237,696 | $2,348,449 |
Festival At Sandpoint Inc Sandpoint, ID | $563,215 | $2,220,339 |
Capitol Theatre Committee Yakima, WA | $2,272,449 | $2,350,736 |
Craterian Performances Company Medford, OR | $5,606,742 | $1,921,347 |
Washington Center For The Performing Arts Olympia, WA | $3,938,920 | $2,618,555 |