Marin Theatre Company
- Assets
- $3.8m
- Revenue
- $2.3m
- Investments
- $135.8k
- Employees
- 68
- Location
- Mill Valley, CA
- Founding
- 04/1969
- Data as of
- 06/2022
- EIN
- 23-7018125
Organization Overview
Marin Theatre Company is located in Mill Valley, CA. The organization was established in 1969. 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, Marin Theatre Company employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marin Theatre Company 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, Marin Theatre Company generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MARIN THEATRE COMPANY PRODUCES WORLD-CLASS THEATRE FOR THE COUNTY OF MARIN AND BAY AREA COMMUNITIES. MTC STRIVES TO SET A NATIONAL STANDARD FOR INTIMATE THEATRE EXPERIENCES OF THE HIGHEST QUALITY, FEATURIING PROVOCATIVE PLAYS BY PASSIONATE PLAYWRIGHTS. MTC PURSUES A DIALOGUE WITH ITS COMMUNITY THAT ADDRESSES OUR NATIONAL AND LOCAL CONCERNS AND INTERESTS, AND ASSISTS IN FINDING A NEW UNDERSTANDING OF THE AUDIENCES' LIVES. MTC CREATES FUTURE ARTISTS AND ARTS PATRONS THROUGH INNOVATIVE PROGRAMS FOR YOUTH.
Describe the Organization's Program Activity:
MARIN THEATRE COMPANY IS A PROFESSIONAL REGIONAL THEATER COMMITTED TO PRODUCING HIGH QUALITY LIVE THEATER TO ENGAGE, ENTERTAIN, CHALLENGE AND EDUCATE OUR AUDIENCES, THEREBY ENRICHING THE CULTURAL LIFE OF OUR COMMUNITY. WE PROVIDE A FORUM FOR CONTEMPORARY, CLASSIC AND EMERGING PLAYWRIGHTS AND, THROUGH OUR ARTS EDUCATION PROGRAM, AN ENVIRONMENT THAT INTRODUCES PEOPLE OF ALL AGES TO THE TRANSFORMATIVE POWER OF THEATER.
THE PRODUCTION OF PLAYS IS COMPLEMENTED BY AN ARRAY OF THEATER EDUCATION PROGRAMS, INCLUDING STUDENT MATINEE PERFORMANCES, TOURING PRODUCTIONS PERFORMING IN THE SCHOOLS, TEACHING ARTIST RESIDENCIES IN THE SCHOOLS, SUMMER PROGRAMS FOR YOUTH AND TEENS INCLUDING CLASSES AND PERFORMANCES, EDUCATIONAL SYMPOSIA, AUDIENCE DISCUSSIONS, AND SPECIAL SERIES NIGHTS. MTC'S STATE OF ART FACILITY PROVIDES REHEARSAL, MEETING AND PERFORMANCE SPACE FOR OTHER COMMUNITY SERVICE AND ARTS GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jasson Minadakis Artistic Director | Officer | 40 | $139,674 |
Meredith Suttles Managing Director/ceo | Officer | 40 | $89,519 |
Barbara Morrison Co-Chair | OfficerTrustee | 5 | $0 |
Kathryn Olson Vice Chair | OfficerTrustee | 5 | $0 |
Fred Taylor Treasurer | OfficerTrustee | 5 | $0 |
John Chesley Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,019,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $974,583 |
| Noncash contributions included in lines 1a–1f | $159,688 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,993,913 |
| Total Program Service Revenue | $312,127 |
| Investment income | $1,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,000 |
| Net Gain/Loss on Asset Sales | -$4,724 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,345,723 |
| 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. | $281,838 |
| Compensation of current officers, directors, key employees. | $84,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $927,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157,614 |
| Payroll taxes | $106,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,136 |
| Fees for services: Accounting | $81,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $87,099 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $195,736 |
| Advertising and promotion | $155,932 |
| Office expenses | $0 |
| Information technology | $57,729 |
| Royalties | $57,530 |
| Occupancy | $157,602 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,062 |
| Insurance | $22,783 |
| All other expenses | $0 |
| Total functional expenses | $2,676,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,085 |
| Savings and temporary cash investments | $150,005 |
| Pledges and grants receivable | $80,250 |
| Accounts receivable, net | $1,915 |
| 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 | $8,970 |
| Net Land, buildings, and equipment | $2,676,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $135,750 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,885 |
| Total assets | $3,830,407 |
| Accounts payable and accrued expenses | $185,150 |
| Grants payable | $0 |
| Deferred revenue | $63,089 |
| 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 | $768,095 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,500 |
| Total liabilities | $1,019,834 |
| Net assets without donor restrictions | $2,735,573 |
| Net assets with donor restrictions | $75,000 |
| 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 | $3,830,407 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Marin Theatre Company has recieved totaling $381,777.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $100,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $55,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $55,000 |
Clay Foundation-West San Francisco, CA PURPOSE: UNRESTRICTED OPERATING FUNDS. | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $40,650 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Theatre For Children Inc Sacramento, CA | $27,810,781 | $2,930,921 |