Ford Theatre Foundation
- Assets
- $2.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 115
- Location
- Hollywood, CA
- Founding
- 10/1995
- Data as of
- 12/2019
- EIN
- 95-4530031
Organization Overview
Ford Theatre Foundation is located in Hollywood, CA. The organization was established in 1995. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2019, Ford Theatre Foundation employed 115 individuals. Ford Theatre Foundation 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 12/2019, Ford Theatre Foundation generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (30.3%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FORD THEATRE FOUNDATION, A NOT-FOR-PROFIT ORGANIZATION, PLAYS A KEY ROLE IN MAKING THE JOHN ANSON FORD THEATRES A CENTER THAT FOSTERS THE EXCELLENCE, DIVERSITY, VITALITY, UNDERSTANDING, APPRECIATION, AND ACCESSIBILITY OF THE PERFORMING ARTS IN LOS ANGELES COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INITIATIVES PROGRAM BUILDS COMMUNITY THROUGH ACTIVE PARTICIPATION IN THE ARTS WITH SPECIALIZED OUTREACH TOWARD DIVERSE POPULATIONS.
IGNITE @ THE FORD PRESENTS NATIONALLY AND INTERNATIONALLY RECOGINIZED ARTISTS TO BOOST WARENESS AND RECOGNITION OF THE FORD AS A PREMEIR PERFORMANCE FACILITY AND GIVE LOCAL AUDIENCES AN OPPORTUNITY TO SEE THE BEST CULTURALLY DIVERSE CONTEMPORARY ARTISTS FROM THIS COUNTRY AND ABROAD.
FORD THEATRES CAPITAL PROJECT FOR THE JOHN ANSON FORD THEATRES OVERSEES THE REHABILITATION FRAMEWORK, PLANNING PRINCIPLES, SITE STRATEGIES, AND PLACEMENT OF NEW PROGRAM ELEMENTS WITHIN THE CONTEXT OF THE HISTORIC AMPHITHEATRE'S ARCHITECTURAL, CULTURAL, AND COMMUNITY SIGNIFICANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom R Camp Vice Chair | Trustee | 2 | $0 |
Katharine Young Director | Trustee | 1 | $0 |
Nic Harcourt Director | Trustee | 1 | $0 |
Darnell Tyler Director | Trustee | 1 | $0 |
Charles Chatelain Director | Trustee | 1 | $0 |
John Wicker Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cloud People Music Llc Artist Agent | 12/30/19 | $45,000 |
Lore Sw Media And Arts Llc Music/event Producer | 12/30/19 | $42,000 |
Bandaloop Dance Artist | 12/30/19 | $95,327 |
Ubw Inc Dance Artist | 12/30/19 | $43,118 |
Kamilla Blanche Artist/actor | 12/30/19 | $44,141 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,991,044 |
| All other contributions, gifts, grants, and similar amounts not included above | $639,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,630,735 |
| Total Program Service Revenue | $161,711 |
| Investment income | $267,337 |
| 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 | $0 |
| Net Income from Sales of Inventory | $5,730 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,065,513 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,008,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,342 |
| Payroll taxes | $151,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,686 |
| Fees for services: Other | $50,970 |
| Advertising and promotion | $0 |
| Office expenses | $3,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,836 |
| 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 | $0 |
| Insurance | $14,581 |
| All other expenses | $401,246 |
| Total functional expenses | $3,469,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,209 |
| Savings and temporary cash investments | $1,637,099 |
| 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 | $3,504 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,293,812 |
| Accounts payable and accrued expenses | $9,437 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,437 |
| Net assets without donor restrictions | $1,098,902 |
| Net assets with donor restrictions | $1,185,473 |
| 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 | $2,293,812 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ford Theatre Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Roy And Patricia Disney Family Foundation Burbank, CA PURPOSE: PROJECT SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,403,028 |
| Earnings | $240,756 |
| Admin Expense | $6,685 |
| Ending Balance | $1,637,099 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fine Arts Museums Foundation San Francisco, CA | $293,998,421 | $1,528,655 |
Friends Of Public Radio Arizona Tempe, AZ | $7,510,291 | $7,440,783 |
California Center For The Arts Escondido Foundation Escondido, CA | $1,637,426 | $6,432,180 |
Screen Actors Guild - American Federation Of Television And Radio Los Angeles, CA | $32,891,873 | $7,217,007 |
Carmel Mission Foundation Inc Carmel, CA | $1,231,681 | $982,770 |
All Classical Public Media Inc Portland, OR | $12,996,411 | $4,875,278 |
Oregon Shakespearean Festival Endowment Fund Inc Ashland, OR | $33,018,945 | $1,149,955 |
Ford Theatre Foundation Hollywood, CA | $2,293,812 | $4,065,513 |
Mccallum Theatre Foundation Inc Palm Desert, CA | $10,233,971 | $253,349 |
California State Railroad Museum Foundation Inc Sacramento, CA | $11,474,601 | $3,874,416 |
Phoenix Art Museum Endowment Fund Inc Phoenix, AZ | $32,304,336 | $805,868 |
The California Museum Of History Women And The Arts Sacramento, CA | $9,367,922 | $1,679,886 |