Third Rail Repertory Theatre
- Assets
- $227.8k
- Revenue
- $358.2k
- Investments
- $0.0
- Employees
- 68
- Location
- Portland, OR
- Founding
- 12/2003
- Data as of
- 06/2021
- EIN
- 20-0092657
Organization Overview
Third Rail Repertory Theatre is located in Portland, OR. 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 06/2021, Third Rail Repertory Theatre employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Rail Repertory Theatre 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 06/2021, Third Rail Repertory Theatre generated $358.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $275.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THIRD RAIL REPERTORY THEATRE IS TO PROVIDE A DYNAMIC ARTISTIC HOME FOR THEATRE AUDIENCES IN PORTLAND BY FOSTERING A PROFESSIONAL LOCAL COMPANY, WHICH, THROUGH COLLABORATION AND DISCIPLINE, BRINGS TO LIFE EXCEPTIONAL STORIES THAT PROVOKE DIALOGUE, ENCOURAGE EMPATHY, AND INSPIRE CURIOSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIRD RAIL REPERTORY THEATRE OFFERS FOUR LIVE MAIN STAGE PRODUCTIONS PER SEASON. IN RESPONSE TO THE PANDEMIC, WE PRODUCED A MIX OF DIGITAL, ON-LINE PROGRAMS AND IN-PERSON, FULLY STAGED PRODUCTIONS DURING OUR 2020-21 SEASON, ENGAGING ARTISTS LOCALLY AND NATIONALLY. THIRD RAIL PRESENTS LIVE-CAPTURED, HIGH-DEFINITION BROADCASTS FROM LONDON'S NATIONAL THEATRE THROUGH NT LIVE AND ENHANCED OUR DIGITAL OFFERINGS DURING THE PANDEMIC WITH A SERIES OF PRODUCTIONS THROUGH BY EXPERIENCE, A PROVIDER OF HIGH QUALITY ELECTRONIC MEDIA. THIRD RAIL INCREASED THE AUDIENCE FOR ITS MONTHLY SALON-STYLE READINGS WITH COMMUNITY MEMBERS AND ARTISTS CREATING OPPORTUNITY FOR ROBUST DIALOGUE. IN ADDITION TO SINGLE TICKETS, THE ORGANIZATION OFFERS A MEMBERSHIP PROGRAM IN WHICH FOR A FEE A MEMBER MAY ATTEND ANY AND ALL OF THE PROGRAMMING OFFERED WITH UNLIMITED FREQUENCY. THE ORGANIZATION ENGAGES APPROXIMATELY 100 ACTORS, ARTISTS, DESIGNERS, AND TECHNICIANS ANNUALLY AND SERVES APPROXIMATELY 7,000 -10,000 PATRONS EVERY SEASON. THE ORGANIZATION ALSO OFFERS A NO-COST MENTORSHIP PROGRAM FOR EARLY CAREER ACTORS, DESIGNERS, DIRECTORS AND STAGE MANAGERS AS WELL AS A YEARLY, GUIDED THEATRE TOUR TO LONDON HOSTING 20-40 PATRONS (WHICH HAVE BEEN HALTED DURING THE PANDEMIC).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Porter Managing Dir | Officer | 40 | $50,600 |
Mary Chaffin Secretary | OfficerTrustee | 1 | $0 |
Ava Schoen President | OfficerTrustee | 1 | $0 |
Stuart Robertson Treasurer | OfficerTrustee | 1 | $0 |
Matt Brown Director | Trustee | 1 | $0 |
Penny Greenwood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,472 |
| Noncash contributions included in lines 1a–1f | $2,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,660 |
| Total Program Service Revenue | $33,516 |
| Investment income | $44 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,220 |
| 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. | $50,600 |
| Compensation of current officers, directors, key employees. | $9,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,490 |
| Payroll taxes | $15,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,251 |
| Advertising and promotion | $7,872 |
| Office expenses | $4,624 |
| Information technology | $0 |
| Royalties | $1,040 |
| Occupancy | $16,016 |
| Travel | $37 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001 |
| Insurance | $3,211 |
| All other expenses | $1,487 |
| Total functional expenses | $275,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,403 |
| Savings and temporary cash investments | $0 |
| 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 | $15,420 |
| Net Land, buildings, and equipment | $3,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,813 |
| Accounts payable and accrued expenses | $8,591 |
| 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 | $48,365 |
| Other liabilities | $0 |
| Total liabilities | $56,956 |
| Net assets without donor restrictions | $159,857 |
| Net assets with donor restrictions | $11,000 |
| 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 | $227,813 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Third Rail Repertory Theatre has recieved totaling $89,454.
| Awarding Organization | Amount |
|---|---|
Regional Arts & Culture Council Portland, OR PURPOSE: GENERAL OPERATING SUPPORT | $32,200 |
Oregon Community Foundation Portland, OR PURPOSE: Performing Arts | $26,216 |
Kinsman Foundation Milwaukie, OR PURPOSE: ARTISTIC PERFORMANCES | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,500 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Conservatory Theatre Foundation San Francisco, CA | $52,882,749 | $20,975,914 |
5th Avenue Theatre Association Seattle, WA | $19,781,467 | $22,661,308 |
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 |
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 |
Seattle Repertory Theatre Seattle, WA | $11,018,492 | $11,241,562 |
Village Theatre Issaquah, WA | $23,494,101 | $8,767,180 |