Theatre West Inc
- Assets
- $307.8k
- Revenue
- $516.8k
- Investments
- $0.0
- Employees
- 24
- Location
- Los Angeles, CA
- Founding
- 12/1966
- Data as of
- 06/2022
- EIN
- 95-6143868
Organization Overview
Theatre West Inc is located in Los Angeles, CA. The organization was established in 1966. 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, Theatre West Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre West Inc 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, Theatre West Inc generated $516.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $398.1k during the year ending 06/2022. While expenses have increased by 13.8% per year over the past 4 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
THEATRE WEST'S MISSION IS TO NURTURE AND DEVELOP THEATRE ARTISTS BY GIVING THEM THE OPPORTUNITY TO EXPAND THEIR TALENTS AND SKILLS THROUGH WORKSHOPS AND PUBLIC PERFORMANCES AND TO SERVE THE COMMUNITY WITH INVIGORATING EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAGE PRODUCTIONS - 4 MAINSTAGE PRODUCTIONS - AUDIENCE 2,800 STORYBOOK THEATRE - 1 MAINSTAGE PRODUCTION AND 1 TOURING PRODUCTION THROUGHOUT LOS ANGELES - AUDIENCE 1,500 THEATRE ARTS EDUCATION IN SCHOOLS - 4 SCHOOLS, 1,500 STUDENTS 160 WORKSHOPS FOR MEMBERS - 700 PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Hutchins Managing Director | Officer | 40 | $39,725 |
Michael Van Duzer Chairperson | Trustee | 3 | $0 |
Dina Morrone Vice-Chairperson | Trustee | 3 | $0 |
Bonnie Kalisher Dukes Treasurer | Trustee | 3 | $0 |
Garry Kluger Ombudsman | Trustee | 3 | $0 |
Ernest Mcdaniel Sargent At Arms | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,913 |
| Investment income | $11,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,365 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $516,760 |
| Statement of Expenses | |
|---|---|
| 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. | $39,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $441 |
| Fees for services: Accounting | $1,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,145 |
| Advertising and promotion | $25,821 |
| Office expenses | $9,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,136 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,332 |
| Insurance | $8,897 |
| All other expenses | $0 |
| Total functional expenses | $398,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,734 |
| 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 | $2,868 |
| Investments—publicly traded securities | $56,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $307,815 |
| Accounts payable and accrued expenses | $22,284 |
| 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 | $109,000 |
| Other liabilities | $0 |
| Total liabilities | $131,284 |
| Net assets without donor restrictions | $80,797 |
| Net assets with donor restrictions | $95,734 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $176,531 |