Cygnet Theatre Company
- Assets
- $1.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 131
- Location
- San Diego, CA
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 57-1146474
Organization Overview
Cygnet Theatre Company is located in San Diego, 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 06/2022, Cygnet Theatre Company employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cygnet 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, Cygnet Theatre Company generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 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
BELIEVING IN THE POWER OF THEATRE TO STARTLE THE SOUL, IGNITE DEBATE AND EMBRACE THE DIVERSITY OF THE COMMUNITY IN WHICH IT SERVES, CYGNET THEATRE COMPANY IS FEARLESSLY COMMITTED TO THE DISSECTION, EXAMINATION AND CELEBRATION OF THE HUMAN STORY THROUGH THE MEDIUM OF LIVE THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATRE PRESENTS A YEAR-ROUND SEASON OF SEVEN MAINSTAGE PRODUCTIONS IN THE 246-SEAT OLD TOWN THEATRE IN SAN DIEGO, CALIFORNIA. APPROXIMATELY 40,000 PATRONS ATTEND ONE OF THESE PRODUCTIONS. FREE MATINEES ARE ALSO HELD. MORE THAN 830 STUDENTS ATTEND ONE OF THESE FREE MATINEES. CYGNET ALSO HOLDS WORKSHOPS IN SCHOOLS AROUND SAN DIEGO COUNTY. MORE THAN 870 STUDENTS ATTEND THESE FREE WORKSHOPS. STORYTELLING ON THE GREEN PRESENTED FREE, ABRIDGED CLASSICS, MAINLY BY SHAKESPEARE, TO STUDENTS AND OTHER STATE PARK VISITORS SIX TIMES A WEEK, STORYTELLING REACHED APPROXIMATELY 8,000 STUDENTS AND OTHER PARK VISITORS. IN 2016, CYGNET LAUNCHED A NEW MILITARY OUTREACH INITIATIVE, CYGNET SERVES. THIS PROGRAM TAKES FREE TOURING PRODUCTIONS AND FREE THEATRE WORKSHOPS TO MILITARY BASES AND COMMUNITY CENTERS AS WELL AS PROVIDES FREE TICKETS FOR MILITARY PERSONNEL, VETERANS AND MILITARY FAMILIES TO ATTEND A PERFORMANCE AT CYGNET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Richards Vice Preside | OfficerTrustee | 2 | $0 |
Christy White Treasurer | OfficerTrustee | 2 | $0 |
Barbara Bolt Sec (prev) P | Trustee | 2 | $0 |
Eddie Canada Trustee | Trustee | 2 | $0 |
Monique Gaffney Trustee | Trustee | 2 | $0 |
Cherie Halladay Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $804,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $925,808 |
| Noncash contributions included in lines 1a–1f | $5,590 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,730,498 |
| Total Program Service Revenue | $738,660 |
| Investment income | $372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8 |
| Net Income from Fundraising Events | $168,957 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,638,495 |
| 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. | $239,468 |
| Compensation of current officers, directors, key employees. | $23,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,321,023 |
| Pension plan accruals and contributions | $7,506 |
| Other employee benefits | $164,803 |
| Payroll taxes | $126,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $533 |
| Advertising and promotion | $192,355 |
| Office expenses | $67,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,918 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,687 |
| Insurance | $8,270 |
| All other expenses | $20,222 |
| Total functional expenses | $2,792,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,827 |
| Savings and temporary cash investments | $540,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,190 |
| Prepaid expenses and deferred charges | $177,436 |
| Net Land, buildings, and equipment | $161,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,292 |
| Total assets | $1,709,348 |
| Accounts payable and accrued expenses | $245,691 |
| Grants payable | $0 |
| Deferred revenue | $452,020 |
| 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 | $521,779 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,219,490 |
| Net assets without donor restrictions | $321,919 |
| Net assets with donor restrictions | $167,939 |
| 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 | $1,709,348 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cygnet Theatre Company has recieved totaling $27,250.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $27,250 |
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 |