Perseverance Theatre Incorporated
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 151
- Location
- Douglas, AK
- Founding
- 08/1979
- Data as of
- 06/2021
- EIN
- 92-0071124
Organization Overview
Perseverance Theatre Incorporated is located in Douglas, AK. 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 06/2022, Perseverance Theatre Incorporated employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perseverance Theatre Incorporated 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 06/2021, Perseverance Theatre Incorporated generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $952.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 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
PERSEVERANCE THEATRE'S MISSION IS TO CREATE PROFESSIONAL THEATRE BY AND FOR ALASKANS. WE VALUE COMMUNITY ENGAGEMENT, CROSS-CULTURAL COLLABORATION, PROFESSIONAL RIGOR, AND REGIONAL VOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION INCLUDES ALL FUNCTIONS NECESSARY TO PLAN AND PERFORM THEATRE PRODUCTIONS OF THE PERSEVERANCE THEATRE.
EDUCATION PROVIDES FOR THE SUMMER THEATRE ARTS RENDEZVOUS (STAR), A FIVE-WEEK YOUTH ACTING PROGRAM WHICH PROVIDES THEATRICAL TRAINING AND PERFORMANCE OPPORTUNITIES TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Ishii Artistic Dir | Officer | 40 | $69,600 |
Frank Delaney Managing Dir | Officer | 40 | $52,900 |
Joe Bedard President | OfficerTrustee | 5 | $0 |
Allison Holtkamp Vice President | OfficerTrustee | 5 | $0 |
Eric Vang Treasurer | OfficerTrustee | 5 | $0 |
Susan Churchill Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,603 |
| 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 | $20,066 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,236,430 |
| 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. | $122,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,216 |
| Pension plan accruals and contributions | $2,441 |
| Other employee benefits | $105,052 |
| Payroll taxes | $52,159 |
| 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 | $0 |
| Advertising and promotion | $22,321 |
| Office expenses | $4,901 |
| Information technology | $7,415 |
| Royalties | $10,344 |
| Occupancy | $21,558 |
| Travel | $6,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,820 |
| Insurance | $15,381 |
| All other expenses | $0 |
| Total functional expenses | $952,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,488 |
| Savings and temporary cash investments | $378,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,930 |
| 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 | $6,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,966 |
| Total assets | $1,265,877 |
| Accounts payable and accrued expenses | $21,199 |
| Grants payable | $0 |
| Deferred revenue | $74,604 |
| 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 | $376,578 |
| Unsecured mortgages and notes payable | $137,360 |
| Other liabilities | $150,110 |
| Total liabilities | $759,851 |
| 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 | $506,026 |