Lakewood Theatre Company
- Assets
- $5.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Lake Oswego, OR
- Founding
- 01/1961
- Data as of
- 06/2022
- EIN
- 93-0700108
Organization Overview
Lakewood Theatre Company is located in Lake Oswego, OR. The organization was established in 1961. 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, Lakewood Theatre Company employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Theatre Company 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 06/2022, Lakewood Theatre Company generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND NURTURE A LOVE OF THEATRE AND THE ARTS.
Describe the Organization's Program Activity:
LAKEWOOD THEATRE PRESENTS MUSICALS, ORIGINAL WORKS & A DIVERSE SELECTION OF MODERN AND CLASSIC THEATRE WITH 10-12 PRODUCTIONS ANNUALLY (RESIDENT AND TOURING). LAKEWOOD CONSISTENTLY INCLUDES FULL SCALE MUSICALS AND ORIGINAL WORKS IN ITS SEASON, AND PRIDES ITSELF ON WORKING WITH NEW AND/OR EMERGING ARTISTS AND GROUPS TO BRING INNOVATIVE PERFORMANCES AND ART EVENTS TO OUR AUDIENCE. LAKEWOOD THEATRE IS THE OLDEST CONTINUOUSLY OPERATING THEATRE COMPANY IN THE PORTLAND, OREGON METRO AREA, ATTRACTING OVER 40,000 PEOPLE EACH YEAR.
LAKEWOOD CENTER FOR THE ARTS PROVIDES FACILITIES USED BY INSTRUCTORS, GROUPS AND OTHERS IN THE ARTS THROUGH CLASSES, DEMONSTRATIONS, EXHIBITIONS AND COMMUNITY EVENTS SUPPORTING ARTS IN THE COMMUNITY. LAKEWOOD COORDINATES A FULL RANGE OF OFFERINGS IN ACTING, VISUALS ARTS, DESIGN, TELEVISION, FILM, GALLERY EXHIBITIONS, LECTURES AND CONCERTS. THESE PROGRAMS SERVE OVER 3,000 STUDENTS ANNUALLY.
THE LAKE OSWEGO FESTIVAL OF THE ARTS IS A COMMUNITY WIDE CELEBRATION ATTRACTING ON AVERAGE 25,000 PEOPLE PER YEAR. IT FOCUSES ON ARTS EDUCATION, PERFORMANCE AND EXHIBITION. THE 4 DAY EVENT INCLUDES GUEST ARTISTS, MUSIC, LIVE THEATRE PERFORMANCE, ARTISANS DISPLAYING THEIR CRAFT, ART CLASSES, LECTURES AND EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Edwards Executive Director | Officer | 70 | $118,766 |
Jan Coulton Secretary/treasurer | OfficerTrustee | 3 | $0 |
Joanne Frankel President | OfficerTrustee | 2 | $0 |
Dan Findley Director | Trustee | 1 | $0 |
David Avison Director | Trustee | 1 | $0 |
Don Plumb Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $194,778 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,150,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,750,020 |
| Total Program Service Revenue | $736,509 |
| Investment income | $22,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $112,560 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $98,781 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47,068 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,767,462 |
| 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. | $127,947 |
| Compensation of current officers, directors, key employees. | $89,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $348,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,436 |
| Payroll taxes | $36,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,666 |
| Advertising and promotion | $62,091 |
| Office expenses | $34,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,933 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,834 |
| Insurance | $26,446 |
| All other expenses | $79,502 |
| Total functional expenses | $1,787,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,148,756 |
| Savings and temporary cash investments | $265,566 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $288 |
| 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 | $102,379 |
| Net Land, buildings, and equipment | $3,018,765 |
| Investments—publicly traded securities | $925,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,470,972 |
| Accounts payable and accrued expenses | $68,167 |
| Grants payable | $0 |
| Deferred revenue | $324,876 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $393,043 |
| Net assets without donor restrictions | $4,803,140 |
| Net assets with donor restrictions | $274,789 |
| 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 | $5,470,972 |
Grants Awarded
Over the last fiscal year, Lakewood Theatre Company has awarded $39,722 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: PROGRAM SUPPORT | $18,791 |
Vancouver, WA PURPOSE: PROGRAM SUPPORT | $6,977 |
Portland, OR PURPOSE: PROGRAM SUPPORT | $6,977 |
Mcminnville, OR PURPOSE: PROGRAM SUPPORT | $6,977 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lakewood Theatre Company has recieved totaling $65,478.
| Awarding Organization | Amount |
|---|---|
Regional Arts & Culture Council Portland, OR PURPOSE: GENERAL OPERATING SUPPORT | $53,900 |
Oregon Community Foundation Portland, OR PURPOSE: Performing Arts | $6,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Endowment Analysis
| Beg. Balance | $299,907 |
| Earnings | -$45,055 |
| Net Contributions | $6,195 |
| Ending Balance | $261,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Old Globe Theatre San Diego, CA | $79,168,056 | $16,473,770 |
Geffen Playhouse Inc Los Angeles, CA | $33,029,635 | $21,063,113 |
Center Theatre Group Of Los Angeles Los Angeles, CA | $93,308,392 | $15,777,431 |
Theatre & Arts Foundation Of San Diego County La Jolla, CA | $96,134,792 | $15,790,250 |
Berkeley Repertory Theatre Berkeley, CA | $78,284,133 | $11,370,014 |
Theatreworks Silicon Valley Redwood City, CA | $8,373,819 | $8,187,041 |
South Coast Repertory Inc Costa Mesa, CA | $83,774,342 | $5,710,509 |
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 |
Theatre For Children Inc Sacramento, CA | $27,810,781 | $2,930,921 |