Theatreworks Silicon Valley
- Assets
- $8.4m
- Revenue
- $8.2m
- Investments
- $1.5m
- Employees
- 213
- Location
- Redwood City, CA
- Founding
- 09/1982
- Data as of
- 06/2022
- EIN
- 94-2831245
Organization Overview
Theatreworks Silicon Valley is located in Redwood City, CA. The organization was established in 1982. 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, Theatreworks Silicon Valley employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatreworks Silicon Valley 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, Theatreworks Silicon Valley generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 0.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THEATRICAL PRODUCTIONS AND TO PROVIDE INSTRUCTION AND TRAINING TO INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STAGE PRODUCTIONS - THEATREWORKS SILICON VALLEY PRODUCES SIX TO EIGHT PRODUCTIONS EACH YEAR. IN 2021-2022, DUE TO THE CONTINUED DISRUPTIONS CAUSED BY THE COVID-19 PANDEMIC, WE PRODUCED A MIXTURE OF IN-PERSON PRODUCTIONS AND ONLINE PRESENTATIONS. PRODUCTIONS INCLUDE A MIX OF REINVIGORATED CLASSICS, CONTEMPORARY HITS AND EXCEPTIONAL NEW WORKS. THE THEATRE'S ART REFLECTS ITS CORE VALUES OF ARTISTIC EXCELLENCE, DIVERSITY, INNOVATION, COLLABORATION AND CELEBRATING THE HUMAN SPIRIT. THEATREWORKS PERFORMS IN TWO PENINSULA VENUES: MOUNTAIN VIEW CENTER FOR THE PERFORMING ARTS ("MVCPA") AND LUCIE STERN THEATRE IN PALO ALTO. THE THEATRE IS A LORT C PROFESSIONAL THEATRE AT LUCIE STERN THEATRE AND A LORT B AT THE MVCPA. BOTH ARE AN INDICATION OF THE CALIBER OF ARTISTS IT HIRES AND A RANK SHARED WITH LESS THAN 50 REGIONAL THEATRES NATIONWIDE.
NEW WORKS INITIATIVE - THEATREWORKS HAS BECOME A THEATRE OF NATIONAL SIGNIFICANCE THROUGH ITS COMMITMENT TO NEW WORKS. THE THEATRE HAS PRODUCED A TOTAL OF 70 WORLD PREMIERES. "THE NEW WORKS INITIATIVE" INCORPORATES ALL ASPECTS OF THE DEVELOPMENT PROCESS: STAGED READINGS; AN ANNUAL WRITER'S RETREAT FOR PLAYWRIGHTS, COMPOSERS, AND LYRICISTS; AN ANNUAL PUBLIC NEW WORKS FESTIVAL; ARTIST COMMISSIONS AND FULL PRODUCTIONS OF WORLD PREMIERES. THEATREWORKS HAS CONTRIBUTED TO THE DEVELOPMENT OF OVER 100 NEW WORKS THROUGH THE NEW WORKS INITIATIVE, TWENTY-FOUR OF WHICH HAVE BEEN PRODUCED ON ITS MAIN STAGE. AS A RESULT OF THE INITIATIVE, THEATREWORKS HAS GROWN FROM A THEATRE WITH AN IDEA FOR A UNIQUE DEVELOPMENTAL PROGRAM FOR NEW MUSIC THEATER TO A MAJOR PLAYER ON THE NATIONAL SCENE IN DEVELOPING AND PRODUCING WORLD PREMIERES.
EDUCATION PROGRAMS - THEATREWORKS EDUCATION IN THE COMMUNITY - THEATREWORKS' COMMUNITY ENGAGEMENT PROGRAMMING REACHES THEATRES, AUDIENCE MEMBERS AND THE COMMUNITY. THEATREWORKS FOR SCHOOLS PROVIDES THEATRE ARTS ACTIVITIES TO AN ECONOMICALLY AND CULTURALLYDIVERSE STUDENT POPULATION PROMOTING SKILLS IN COLLABORATION, CRITICAL THINKING AND CREATIVITY. THEATREWORKS FOR SCHOOLS PROGRAMS INCLUDE ARTIST RESIDENCIES, A TOURING EDUCATIONAL ASSEMBLY, STUDENT MATINEES AND CLASSROOM WORKSHOPS. COMMUNITY ENGAGEMENT PROGRAMS INCLUDE THE CHILDREN'S HEALING PROJECT, A UNIQUE ARTS HEALING PROGRAM AT THE LUCILE PACKARD CHILDREN'S HOSPITAL AND THE PROFESSIONAL INTERNSHIP PROGRAM. AUDIENCE ENRICHMENT OPPORTUNITIES INCLUDE DISCUSSION WEDNESDAYS, A POST-SHOW DISCUSSION BETWEEN AUDIENCE MEMBERS AND THE CAST; AND SHOW SPECIFIC BEHIND-THE-SCENES E-NEWSLETTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip J Santora Executive Director (thru 06/22) | OfficerTrustee | 40 | $217,786 |
Tim Bond Artistic Director | OfficerTrustee | 40 | $210,037 |
Clayton Shelvin Development Director | 40 | $155,203 | |
Scott Devine General Director | Officer | 40 | $130,695 |
Peter Chenot Marketing Director | 40 | $117,794 | |
Holly Ward Board Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arts Consulting Group Staffing & Consulting | 6/29/22 | $161,360 |
Dakin Ventures Capital Staffing & Consulting | 6/29/22 | $138,993 |
Wavelength Datacom Inc Technology | 6/29/22 | $117,022 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $196,820 |
| Related organizations | $0 |
| Government grants | $2,913,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,094,530 |
| Noncash contributions included in lines 1a–1f | $384,421 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,204,637 |
| Total Program Service Revenue | $1,566,286 |
| Investment income | $76,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,739 |
| Net Gain/Loss on Asset Sales | $285,914 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,335 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,187,041 |
| 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. | $646,013 |
| Compensation of current officers, directors, key employees. | $166,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,195,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $535,266 |
| Payroll taxes | $322,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,090 |
| Fees for services: Other | $565,369 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $63,921 |
| Royalties | $106,578 |
| Occupancy | $560,393 |
| Travel | $273,105 |
| 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 | $113,142 |
| Insurance | $0 |
| All other expenses | $1,081,834 |
| Total functional expenses | $7,536,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115 |
| Savings and temporary cash investments | $2,548,574 |
| Pledges and grants receivable | $633,928 |
| Accounts receivable, net | $50,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $930,414 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $218,318 |
| Net Land, buildings, and equipment | $188,494 |
| Investments—publicly traded securities | $2,290,244 |
| Investments—other securities | $1,450,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,063 |
| Total assets | $8,373,819 |
| Accounts payable and accrued expenses | $603,912 |
| Grants payable | $0 |
| Deferred revenue | $913,715 |
| 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 | $29,935 |
| Total liabilities | $1,547,562 |
| Net assets without donor restrictions | -$156,283 |
| Net assets with donor restrictions | $6,982,540 |
| 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 | $8,373,819 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Theatreworks Silicon Valley has recieved totaling $390,908.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $232,250 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $49,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,808 |
Dirk And Charlene Kabcenell Foundation Mountain View, CA PURPOSE: Arts & Culture | $25,000 |
Koret Foundation San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $10,000 |
Endowment Analysis
| Beg. Balance | $4,880,345 |
| Earnings | -$541,088 |
| Other Expense | $757,888 |
| Ending Balance | $3,581,369 |
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 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
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 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Theatre For Children Inc Sacramento, CA | $27,810,781 | $2,930,921 |