The Chance Theater
- Assets
- $2.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 147
- Location
- Anaheim, CA
- Founding
- 08/2003
- Data as of
- 12/2022
- 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 12/2022, Chance Theater employed 147 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 12/2022, Chance Theater generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 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
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
2022 SEASON, CHANCE THEATER SOLD TICKETS AND SUBSCRIPTIONS FOR THE MAIN SERIES PRODUCTIONS -- "NEXT TO NORMAL," "CRY IT OUT," "GREEN DAY'S AMERICAN IDIOT," "THE ELABORATE ENTRANCE OF CHAD DEITY," "LITTLE WOMEN - THE BROADWAY MUSICAL, AND "FANCY NANCY: SPLENDIFEROUS CHRISTMAS".
BOOKED-IN EVENTS: HOSTED EVENTS FEATURING LOCAL ARTISTS, INCLUDING OPEN MIC NIGHTS AND NEW PLAY WORKSHOPS.
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 -- "THEY COULD GIVE NO NAME," "CRIMSON LIT - SCARLET LETTER SETLIST," "MATINICUS - A LIGHTHOUSE PLAY," "HONGO," "WE AIN'T EVER GONNA BREAK UP - THE HYMON & PARFUNKEL STORY, AND "A THOUSAND MAIDS".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Jones Board Member/chair | OfficerTrustee | 4 | $0 |
Bruce Goodrich Board Member/vice-Chair | OfficerTrustee | 4 | $0 |
Andy Lamb Board Member/treasurer | OfficerTrustee | 4 | $0 |
Larry Cripe Board Member/secretary | OfficerTrustee | 4 | $0 |
Rachelle Menaker Board Member/immediate Past Chair | OfficerTrustee | 4 | $0 |
Bette Aitken Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,601 |
| Related organizations | $0 |
| Government grants | $315,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $471,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $859,604 |
| Total Program Service Revenue | $388,530 |
| Investment income | $28,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,005 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,087 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,324,533 |
| 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. | $131,816 |
| Compensation of current officers, directors, key employees. | $32,049 |
| Compensation to disqualified persons | $52,323 |
| Other salaries and wages | $413,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,356 |
| Payroll taxes | $51,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,452 |
| Advertising and promotion | $36,672 |
| Office expenses | $29,976 |
| Information technology | $0 |
| Royalties | $20,992 |
| Occupancy | $196,662 |
| Travel | $4,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,442 |
| Interest | $4,194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,020 |
| Insurance | $15,643 |
| All other expenses | $22,161 |
| Total functional expenses | $1,215,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $89,508 |
| 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 | $39,993 |
| Net Land, buildings, and equipment | $249,530 |
| Investments—publicly traded securities | $1,185,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,015 |
| Total assets | $2,330,751 |
| Accounts payable and accrued expenses | $36,770 |
| Grants payable | $0 |
| Deferred revenue | $996 |
| 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 | $305,666 |
| Net assets without donor restrictions | $1,529,495 |
| Net assets with donor restrictions | $495,590 |
| 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 | $2,330,751 |