South Bay Musical Theatre
- Assets
- $448.2k
- Revenue
- $484.4k
- Investments
- $0.0
- Employees
- 55
- Location
- San Jose, CA
- Founding
- 04/1970
- Data as of
- 12/2023
- EIN
- 94-1704916
Organization Overview
South Bay Musical Theatre is located in San Jose, CA. The organization was established in 1970. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, South Bay Musical Theatre employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bay Musical Theatre 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, South Bay Musical Theatre generated $484.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $480.6k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THEATER ARTS PRDUCTIONS, MUSICAL PRODUCTIONS-200 MEMBERS PARTICIPATE IN AND AUDIENCES OF 1200+ ATTENDED 40+ PERFORMANCES OF THREE MUSICALS AT LOW COST COMMUNITY THEATER PRICES. 150+ STUDENTS AND/OR LOW INCOME COMMUNITY MEMBERS ATTENDED THREE PREVIEW PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER ARTS PRODUCTIONS, MUSICAL PRODUCTIONS - 200+ MEMBERS PARTICIPATE IN AND AUDIENCES OF 1200+ ATTEND 40+ PERFORMANCES OF 3 MUSICALS AT LOW COMMUNITY THEATER PRICES. 150+ STUNDENTS AND/OR LOW INCOME COMMUNITY MEMBERS ATTEND 3 FREE PREVIEW PERFORMANCES. AFFORDABLE RENTALS OF SETS AND/OR COSTUMES TO OTHER NON-PROFIT THEATER GROUPS.
AFFORDABLE RENTALS OF SETS AND COSTUMES TO OTHER NON-PROFIT COMMUNITY THEATER GROUPS
FUNDRAISING AND GRANTS RECEIVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hirsch Boardmember - Chairman | Officer | 1 | $0 |
Braden Taylor Board Member - CFO | Officer | 1 | $1,054 |
Daniel Singletary Board Member - Cto | Officer | 1 | $0 |
Nicole Tung Board Member - Secretary | Officer | 1 | $0 |
Tipu Purkayastha Board Member | Trustee | 1 | $0 |
Sara Dean Executive Director | Officer | 40 | $40,383 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,664 |
| Total Program Service Revenue | $385,339 |
| Investment income | $6,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,446 |
| 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. | $40,383 |
| Compensation of current officers, directors, key employees. | $40,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,698 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,610 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,292 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $512 |
| Information technology | $0 |
| Royalties | $38,761 |
| Occupancy | $89,982 |
| 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 | $13,986 |
| Insurance | $7,527 |
| All other expenses | $37,049 |
| Total functional expenses | $480,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $45,856 |
| Investments—publicly traded securities | $300,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $448,245 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $20,000 |
| Unsecured mortgages and notes payable | $3,068 |
| Other liabilities | $0 |
| Total liabilities | $23,068 |
| Net assets without donor restrictions | $425,177 |
| 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 | $448,245 |