Tacoma Musical Playhouse
- Assets
- $5.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Tacoma, WA
- Founding
- 04/1994
- Data as of
- 08/2022
- EIN
- 94-3198670
Organization Overview
Tacoma Musical Playhouse is located in Tacoma, WA. The organization was established in 1994. 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 08/2022, Tacoma Musical Playhouse employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacoma Musical Playhouse 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 08/2022, Tacoma Musical Playhouse generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.6m during the year ending 08/2022. While expenses have increased by 4.9% 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
ENRICHING LIVES THROUGH THE ART FORM OF MUSICAL THEATER. THE COMPANY PRESENTS 6 MUSICALS, 3 CHILDREN'S MUSICALS AND MANY SPECIALTY SHOWS. WE OFFER YEAR-ROUND EDUCATIONAL PROGRAMS. WE ALSO OFFER THEATER TOURS FOR PATRONS TO EXPERIENCE PROFESSIONAL MUSICAL THEATER IN OTHER LOCATIONS.
Describe the Organization's Program Activity:
YEAR-ROUND PRESENTATION OF MUSICAL THEATER PRODUCTIONS.
YEAR-ROUND PROGRAMS FOR YOUTH AND SENIOR THEATER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Douglas Rake Managing Artist | Trustee | 40 | $135,999 |
Jeffrey Stvrtecky Business Manager | 40 | $112,292 | |
Carl Borg President | OfficerTrustee | 1 | $0 |
Jeff Ganung Treasurer | OfficerTrustee | 1 | $0 |
Jill Rosenthal MD Secretary | OfficerTrustee | 1 | $0 |
Tony Maiura Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $660,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $924,358 |
| Total Program Service Revenue | $1,002,286 |
| Investment income | $1,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $44,002 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,051,568 |
| 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. | $473,555 |
| Compensation of current officers, directors, key employees. | $281,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,814 |
| Payroll taxes | $55,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $806 |
| Advertising and promotion | $8,650 |
| Office expenses | $36,233 |
| Information technology | $0 |
| Royalties | $111,813 |
| Occupancy | $122,838 |
| Travel | $8,942 |
| 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 | $112,584 |
| Insurance | $21,175 |
| All other expenses | $32,003 |
| Total functional expenses | $1,635,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,028 |
| Savings and temporary cash investments | $2,275,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,364 |
| 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 | $267,769 |
| Net Land, buildings, and equipment | $3,346,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530 |
| Total assets | $5,947,355 |
| Accounts payable and accrued expenses | $8,070 |
| Grants payable | $0 |
| Deferred revenue | $702,793 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,227 |
| Total liabilities | $2,718,090 |
| Net assets without donor restrictions | $3,214,163 |
| Net assets with donor restrictions | $15,102 |
| 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 | $5,947,355 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tacoma Musical Playhouse has recieved totaling $11,296.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: SUPPORT FOR LIGHING EQUIPMENT; TO PROVIDE SUPPORT PER THE 2021 GRANT PROPOSAL | $5,500 |
The Dimmer Family Foundation Tacoma, WA PURPOSE: GENERAL | $3,000 |
L T Murray Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $256 |
Western Union Foundation Inc Denver, CO PURPOSE: GIFT MATCHING GRANT | $40 |
Endowment Analysis
| Beg. Balance | $14,983 |
| Ending Balance | $14,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
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 |
Portland Center Stage Portland, OR | $4,466,227 | $5,640,293 |
Tacoma Arts Live Tacoma, WA | $3,194,540 | $3,456,801 |
Artists Repertory Theatre Portland, OR | $14,727,144 | $2,680,665 |
Idaho Shakespeare Festival Inc Boise, ID | $8,329,786 | $2,964,259 |
Music For Life Institute Bellingham, WA | $1,486,118 | $1,674,576 |
Tower Theatre Foundation Inc Bend, OR | $3,447,410 | $2,473,687 |
Lakewood Theatre Company Lake Oswego, OR | $5,470,972 | $2,767,462 |
Taproot Theatre Seattle, WA | $7,891,610 | $2,609,460 |