Perseverance Theatre Incorporated
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 54
- 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 06/2021, Perseverance Theatre Incorporated employed 54 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 6 years, revenues have fallen by an average of (0.4%) 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 (9.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T 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:
THE ORGANIZATION PRODUCED A FOUR PLAY SEASON IN BOTH JUNEAU AND ANCHORAGE, INCLUDING A WORLD PREMIER BY AN ALASKA NATIVE PLAYWRIGHT IN ADDITION TO BELOVED CLASSICS LIKE A CHRISTMAS CAROL, AND MODERN SHOWS LIKE SILENT SKY. EDUCATION PROGRAMS WERE OFFERED IN BOTH CITIES WITH JUNEAU PROGRAMS INCLUDING THE SUMMER THEATRE ARTS RENDEZVOUS (STAR). A SPRING BREAK CAMP TOOK PLACE IN ANCHORAGE, AND VIRTUALLY IN JUNEAU. THREE INTERNS WERE WITH THE ORGANIZATION THROUGHOUT THE SEASON WORKING AND LEARNING IN A VARIETY OF DEPARTMENTS. PERSEVERANCE CONTINUES TO HAVE PLAYWRIGHTS UNDER COMMISSION AND TO STAFF MULTIPLE FULL TIME ARTISTS AS ACTORS, PLAYWRIGHTS, DIRECTORS, AND PRODUCERS. THE THEATRE WAS SHUT DOWN BY STATE MANDATE DUE TO THE COVID-19 PANDEMIC. PERSEVERANCE PIVOTED TO DIGITAL STREAMING AND HAS BEEN ABLE TO CONTINUE IN A SIGNIFICANTLY REDUCED CAPACITY.
EDUCATION - PROVIDES FOR THE SUMMER THEATRE ARTS RENDEZVOUS (STAR), A FIVE-WEEK YOUTH ACTING PROGRAM WHICH PROVIDES THEATRICAL TRAINING AND PERFORMANCE OPPORTUNITIES FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Ishii Artistic Dir | Officer | 40 | $64,246 |
Frank Delaney Managing Di | Officer | 40 | $48,830 |
Allison Holtkamp Vice President | OfficerTrustee | 5 | $0 |
Eric Vang Treasurer | OfficerTrustee | 5 | $0 |
Joe Bedard Board President | OfficerTrustee | 5 | $0 |
Bob Urata Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $733,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,603 |
| Total Program Service Revenue | $74,617 |
| 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 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. | $122,500 |
| Compensation of current officers, directors, key employees. | $87,520 |
| 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 | $15,785 |
| 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 |
| Net Land, buildings, and equipment | $689,556 |
| 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 | $506,026 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,265,877 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Perseverance Theatre Incorporated has recieved totaling $279,533.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR A MULTIYEAR RESIDENCY WITH PLAYWRIGHT VERA STARBARD, AS PART OF THE NATIONAL PLAYWRIGHT RESIDENCY PROGRAM | $110,550 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $60,000 |
Richard L & Diane M Block Foundation Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Western States Arts Federation Denver, CO PURPOSE: SUBAWARDS | $28,839 |
Jkw Foundation Tr Ua 092597 New York, NY PURPOSE: PERSEVERING WITH ANTI-RACISM AND DECOLONIZING SYSTEMIC CHANGE AND NEW WORK PROGRAMMING. | $20,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $10,000 |
Endowment Analysis
| Beg. Balance | $45,000 |
| Other Expense | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
5th Avenue Theatre Association Seattle, WA | $19,781,467 | $22,661,308 |
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 |
Tacoma Arts Live Tacoma, WA | $3,194,540 | $3,456,801 |
Music For Life Institute Bellingham, WA | $1,486,118 | $1,674,576 |
Taproot Theatre Seattle, WA | $7,891,610 | $2,609,460 |
Intiman Theatre Seattle, WA | $491,696 | $1,477,010 |
Tacoma Musical Playhouse Tacoma, WA | $5,947,355 | $2,051,568 |
Seattle Shakespeare Festival Seattle, WA | $4,282,723 | $2,436,819 |
Ripple Productions Seattle, WA | $1,063,009 | $1,619,078 |
Studio East Training For The Performing Arts Kirkland, WA | $1,317,158 | $2,067,448 |