The Chance Theater
- Assets
- $2.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 97
- Location
- Anaheim, CA
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 11-3679644
Organization Overview
The Chance Theater is located in Anaheim, CA. The organization was established in 2003. 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 12/2021, Chance Theater employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chance Theater 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 12/2021, Chance Theater generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $837.8k during the year ending 12/2021. While expenses have increased by 1.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHANCE IS DEDICATED TO THE CREATION OF EXCITING THEATRICAL EXPERIENCES, TAKING ARTISTIC RISKS, AND COLLABORATING WITH GIFTED ARTISTS ON PASSIONATE AND PROVOCATIVE PLAYS AND MUSICALS. THE MISSION OF THE CHANCE IS TO CONTRIBUTE TO A MORE COMPASSIONATE, CONNECTED, AND CREATIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 SEASON, CHANCE THEATER SOLD TICKETS AND SUBSCRIPTIONS FOR THE MAIN SERIES PRODUCTIONS -- "THE STORY OF MY LIFE," "SWEAT," "EDGES," "YELLOWMAN," "STRIKING 12, AND "A CHARLIE BROWN CHRISTMAS".
SUMMER YOUTH PROGRAM - "SPEAK UP - TAKE A CHANCE", A PROGRAM THAT OFFERS AT-RISK YOUTH FROM ANAHEIM UNIFIED SCHOOL DISTRICT THE OPPORTUNITY TO PRESENT THEIR OWN PIECE OF ORIGINAL THEATER (PARTICIPATING IN THE WRITING, DIRECTING, ACTING, DESIGNING, MARKETING, ETC.) UNDER THE TUTELAGE OF CHANCE THEATER RESIDENT ARTISTS. THANKS TO GRANTS WE RECEIVE, WE ARE ABLE TO OFFER THIS PROGRAM FREE-OF-CHARGE.
ON THE RADAR NEW PLAY SERIES - CHANCE THEATER PRODUCED SIX STAGED READINGS IN-PERSON OR VIRTUALLY -- "COLONIALISM IS TERRIBLE, BUT PHO IS DELICIOUS," "LAZY KINDA FREE," "HEARTS LIKE PLANETS," "SHOOTER!," "THE QUEER COUCH, AND "CRIMSON LIT: SCARLET LETTER SETLIST".
BOOKED-IN EVENTS: HOSTED EVENTS FEATURING LOCAL ARTISTS, INCLUDING OPEN MIC NIGHTS AND NEW PLAY WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oanh Nguyen Board Member/executive Artistic Director | OfficerTrustee | 40 | $67,107 |
Casey Long Board Member/managing Director | OfficerTrustee | 40 | $49,199 |
Rachelle Menaker Board Member/chair | OfficerTrustee | 4 | $0 |
Elizabeth Jones Board Member/vice-Chair | OfficerTrustee | 4 | $0 |
Andy Lamb Board Member/secretary | OfficerTrustee | 4 | $0 |
Terry Schomburg Board Member/treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,460 |
| Related organizations | $0 |
| Government grants | $970,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,477,904 |
| Total Program Service Revenue | $167,264 |
| Investment income | $14,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,322 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,283 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,670,321 |
| 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. | $116,306 |
| Compensation of current officers, directors, key employees. | $17,446 |
| Compensation to disqualified persons | $45,140 |
| Other salaries and wages | $212,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,817 |
| Payroll taxes | $30,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,221 |
| Advertising and promotion | $15,191 |
| Office expenses | $26,254 |
| Information technology | $0 |
| Royalties | $19,509 |
| Occupancy | $168,663 |
| Travel | $1,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,869 |
| Interest | $7,620 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,135 |
| Insurance | $10,025 |
| All other expenses | $14,712 |
| Total functional expenses | $837,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,245,601 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $102,524 |
| 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 | $30,556 |
| Net Land, buildings, and equipment | $332,523 |
| Investments—publicly traded securities | $707,263 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,372 |
| Total assets | $2,495,839 |
| Accounts payable and accrued expenses | $126,879 |
| Grants payable | $0 |
| Deferred revenue | $16,512 |
| 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 | $267,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $411,291 |
| Net assets without donor restrictions | $1,410,876 |
| Net assets with donor restrictions | $673,672 |
| 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 | $2,495,839 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Chance Theater has recieved totaling $59,822.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $45,000 |
Sheri And Les Biller Family Foundation Seattle, WA PURPOSE: TO SUPPORT SPEAK UP - TAKE A CHANCE STORYTELLING WORKSHOPS | $12,000 |
Caplin Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $822 |
Endowment Analysis
| Beg. Balance | $33,235 |
| Net Contributions | -$33,235 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Conservatory Theatre Foundation San Francisco, CA | $52,882,749 | $20,975,914 |
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 |