Victory Garden Theater
- Assets
- $9.0m
- Revenue
- $1.9m
- Investments
- $152.4k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1975
- Data as of
- 06/2022
- EIN
- 36-2807341
Organization Overview
Victory Garden Theater is located in Chicago, IL. The organization was established in 1975. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Garden 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 06/2022, Victory Garden Theater generated $1.9m 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 (5.7%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND PROVIDE THEATER ENTERTAINMENT AND WORKSHOPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLAYS - VICTORY GARDENS THEATER (VGT) PRODUCES PLAYS AND MAINTAINS THE THEATER BUILDING
EDUCATION - VGT'S ARTS EDUCATION INITIATIVES INCLUDE A HIGH SCHOOL ARTIST RESIDENCY PROGRAM, FREE ADMISSION OR TICKET SUBSIDIES TO UNDERSERVED STUDENT AUDIENCES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Harris II President | OfficerTrustee | 1 | $0 |
Sidney Lee Vice President | OfficerTrustee | 1 | $0 |
Kate Tillotson Vice President | OfficerTrustee | 1 | $0 |
Daniel Gordon Treasurer | OfficerTrustee | 1 | $0 |
Sue E Wallace Secretary | OfficerTrustee | 1 | $0 |
Frederick Bates Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $570,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,119,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,690,785 |
| Total Program Service Revenue | $117,195 |
| Investment income | $1,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,087 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,850,473 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,166,365 |
| Pension plan accruals and contributions | $7,101 |
| Other employee benefits | $120,439 |
| Payroll taxes | $93,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,822 |
| Fees for services: Accounting | $20,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,487 |
| Advertising and promotion | $58,600 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,953 |
| Travel | $27,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,378 |
| Insurance | $38,323 |
| All other expenses | $60,620 |
| Total functional expenses | $2,477,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $758,876 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $355,000 |
| 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 | $11,685 |
| Prepaid expenses and deferred charges | $32,617 |
| Net Land, buildings, and equipment | $7,687,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $152,354 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,997,900 |
| Accounts payable and accrued expenses | $35,257 |
| Grants payable | $0 |
| Deferred revenue | $88,002 |
| 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 | $548,552 |
| Other liabilities | $0 |
| Total liabilities | $671,811 |
| Net assets without donor restrictions | $8,077,522 |
| Net assets with donor restrictions | $248,567 |
| 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 | $8,997,900 |