Albany Park Theater Project
- Assets
- $3.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 08/1997
- Data as of
- 06/2023
- EIN
- 36-4125560
Organization Overview
Albany Park Theater Project is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 06/2023, Albany Park Theater Project employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Park Theater Project 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 06/2023, Albany Park Theater Project generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 4.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALBANY PARK THEATER PROJECT IS A MULTIETHNIC YOUTH THEATER ENSEMBLE THAT INSPIRES PEOPLE TO ENVISION A MORE JUST AND BEAUTIFUL WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FREE, AFTER-SCHOOL THEATER CLASSES FOR 400 LOW-INCOME TEENS PER YEAR; PROVIDES FREE MENTORING AND TUTORING FOR LOW-INCOME TEENS; PROVIDES FREE COLLEGE ACCESS AND SUCCESS PROGRAM FOR LOW-INCOME TEENS; PRODUCES ORIGINAL THEATER BASED ON REAL-LIFE STORIES OF WORKING-CLASS CHICAGOANS; PERFORMS FOR UP TO 10,000 AUDIENCE MEMBERS; CURATES FREE PUBLIC PROGRAMS ON THEMES ADDRESSED IN PLAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reena R Bajowala President | OfficerTrustee | 2 | $0 |
Deborah Reznick Immediate Past President | OfficerTrustee | 2 | $0 |
Miguel Rodriguez Vice President/secretary/co-Executive Director & Alum | OfficerTrustee | 40 | $123,495 |
Robert Hoyt Treasurer | OfficerTrustee | 2 | $0 |
David B Feiner Co-Executive Director | OfficerTrustee | 40 | $131,528 |
Stephen Brokaw Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $495,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,529,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,025,301 |
| Total Program Service Revenue | $24,964 |
| Investment income | $12,554 |
| 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 | $2,071,780 |
| 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. | $279,825 |
| Compensation of current officers, directors, key employees. | $15,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,973 |
| Pension plan accruals and contributions | $5,640 |
| Other employee benefits | $35,528 |
| Payroll taxes | $47,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,530 |
| Fees for services: Accounting | $39,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,709 |
| Advertising and promotion | $49,820 |
| Office expenses | $54,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,967 |
| Travel | $51,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,108 |
| Insurance | $17,681 |
| All other expenses | $896 |
| Total functional expenses | $1,514,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,638 |
| Savings and temporary cash investments | $1,184,739 |
| Pledges and grants receivable | $788,583 |
| 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 | $389,627 |
| Net Land, buildings, and equipment | $902,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,440,583 |
| Accounts payable and accrued expenses | $164,422 |
| Grants payable | $0 |
| Deferred revenue | $35,831 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $200,253 |
| Net assets without donor restrictions | $690,330 |
| Net assets with donor restrictions | $2,550,000 |
| 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 | $3,440,583 |