Theatre Puget Sound
- Assets
- $208.9k
- Revenue
- $337.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 91-1779663
Organization Overview
Theatre Puget Sound is located in Seattle, WA. The organization was established in 1999. 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 12/2023, Theatre Puget Sound employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Puget Sound 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 12/2023, Theatre Puget Sound generated $337.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $487.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TPS WORKS TO FOSTER AND ADVOCATE FOR A ROBUST AND EQUITABLE THEATRE COMMUNITY IN THE PUGET SOUND REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH SPACE4ARTS TPS PROVIDES AFFORDABLE AND DEEPLY DISCOUNTED SPACE, INCLUDING THREE PERFORMANCE SPACES, SIX REHEARSAL STUDIOS, AND ONE CONFERENCE ROOM (APPROXIMATELY 25,000 SQUARE FEET) TO BE USED BY ANY ARTISTS OR ARTS ORGANIZATION, FOR ANY ARTS RELATED PURPOSE. THIS PROGRAM IS POSSIBLE IN PARTNERSHIP WITH SEATTLE CENTER.
UNITED GENERAL AUDITIONS - GIVE ARTISTS THE OPPORTUNITY TO NETWORK AND AUDITION BEFORE MULTIPLE THEATRE COMPANIES AND OTHER ORGANIZATIONS ALL TOGETHER. IN 2023 OVER 400 ACTORS PERFORMED FOR OVER 75 THEATERS AND ORGANIZATIONS.
GREGORY AWARDS - 2023 BROUGHT BACK THE GREGORY AWARDS RECOGNIZING OUTSTANDING ACHIEVEMENT BY THEATERS IN THE PUGET SOUND REGION. EIGHT PEOPLES CHOICE AWARDS WERE PRESENTED AT THE ONLINE EVENT. IN 2024 WE HOPE TO BRING BACK A FULLY AUDITED SLATE OF 34 AWARDS.
TPS MEMBERSHIP AND PROGRAMMING - THE TPS MEMBERSHIP WEBSITE ACTS AS A CENTRAL MESSAGE BOARD FOR AUDITIONS, WORKSHOPS, EDUCATIONAL EMPLOYMENT OPPORTUNITIES AND MORE. THE TPS WEBSITE AND NEWSLETTER ALSO PROMOTE THEATRE ORGANIZATIONS AND PERFORMANCES AROUND THE PUGET SOUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Yingling Executive Director | Officer | 40 | $83,160 |
Arika Matoba Board Member Since 22023 | Trustee | 1 | $0 |
Matthew Sythandone Board Member Since 32023 | Trustee | 1 | $0 |
Janet Hayatshahi Board Member Since 22023 | Trustee | 1 | $0 |
Deanna Martinez Board Member Since 22023 | Trustee | 1 | $0 |
Ry Amstrong Board Member Since 122023 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,672 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,972 |
| Total Program Service Revenue | $206,336 |
| Investment income | $548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,045 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $337,152 |
| 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. | $79,895 |
| Compensation of current officers, directors, key employees. | $19,974 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,301 |
| Payroll taxes | $25,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,960 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,650 |
| Advertising and promotion | $3,238 |
| Office expenses | $9,177 |
| Information technology | $8,949 |
| Royalties | $0 |
| Occupancy | $2,698 |
| Travel | $883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,299 |
| Insurance | $2,589 |
| All other expenses | $3,758 |
| Total functional expenses | $487,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,579 |
| Savings and temporary cash investments | $100,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,960 |
| 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 | $23,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,006 |
| Other assets | $0 |
| Total assets | $208,863 |
| Accounts payable and accrued expenses | $69,955 |
| Grants payable | $0 |
| Deferred revenue | $100 |
| 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 | $99,900 |
| Other liabilities | $0 |
| Total liabilities | $169,955 |
| Net assets without donor restrictions | $26,820 |
| Net assets with donor restrictions | $12,088 |
| 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 | $208,863 |