Magik Children Theatre Inc
- Assets
- $887.9k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 74
- Location
- San Antonio, TX
- Founding
- 10/1995
- Data as of
- 09/2021
- EIN
- 74-2707895
Organization Overview
Magik Children Theatre Inc is located in San Antonio, TX. The organization was established in 1995. 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 09/2021, Magik Children Theatre Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magik Children Theatre Inc 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 09/2021, Magik Children Theatre Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) 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
TO USE THE POWER OF THEATRE TO CREATE MAGIKAL STORYTELLING FOR CHILDREN THAT ACTIVATES IMAGINATION, GROWS YOUNG MINDS, AND INSPIRES CREATIVITY AND A LOVE OF LEARNING THAT IS THE KEY TO A MORE LITERATE FUTURE FOR OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATRE SERVES ALL OF THE SCHOOL DISTRICTS IN THE SAN ANTONIO AREA AS WELL SCHOOLS FROM CENTRAL AND SOUTH TEXAS, AND TO THE PUBLIC AT REASONABLE, AFFORDABLE PRICES. FROM OCTOBER 1, 2020 TO SEPTEMBER 30, 2021, THE THEATRE PERFORMED TO 5,225 CHILDREN AND ADULTS. THE THEATRE HAD A TOTAL OF 50 PERFORMANCES.
THE THEATRE PROVIDES ACTING CLASSES FOR CHILDREN FROM AGES 6 TO 18. THE THEATRE HAS CLASSES DURING THE SCHOOL YEAR. THE THEATRE SERVED APPROXIMATELY 500 CHILDREN THROUGH THESE ACTING CLASSES. THE OBJECTIVE IS TO PROVIDE CREATIVE PROCESS THINKING AND CREATIVITY FOR CHILDREN IN A FUN AND EXCITING ENVIRONMENT.
THE MAGIK THEATRE HAS ESTABLISHED RESIDENCY PROGRAMS WITH THE SAN ANTONIO ISD FOR MIDDLE SCHOOL THEATRE ARTS PROGRAMMING. MAGIK TEACHING ARTISTS DIRECT DRAMA CLASSES FOR SAISD MIDDLE SCHOOL STUDENTS TO HELP THEM FIND THEIR VOICE IN THE CLASSROOM AND ON THE STAGE. THE THEATRE ALSO HAS A PROGRAM WITH THE BEXAR COUNTY JUVENILE DETENTION CENTER THAT PROVIDES THEATRE CLASSES FOR THE RESIDENTS. THE MAGIK THEATRE HAS PROGRAM FOR CONCESSIONS AND MERCHANDISE SALES, SELLING REFRESHMENTS DURING PRODUCTIONS. THE THEATRE ALSO HAS A SMALL STORE SELLING T-SHIRTS AND BOOKS.THE MAGIK THEATRE RECEIVES RENTAL INCOME UNDER SHORT-TERM AGREEMENTS FOR THE USE OF ITS DOWNTOWN THEATRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Villani CEO | Officer | 40 | $95,440 |
John Heard President | OfficerTrustee | 2 | $0 |
Pam Bramble Vice President | OfficerTrustee | 2 | $0 |
Alonzo Guzman Treasurer | OfficerTrustee | 2 | $0 |
Alan Petlin Secretary | OfficerTrustee | 2 | $0 |
Doren Fein Ruttenberg Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | -$8,547 |
| Related organizations | $0 |
| Government grants | $962,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $561,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,515,274 |
| Total Program Service Revenue | $188,088 |
| Investment income | $2,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,938 |
| 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 | $1,762,662 |
| 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. | $95,440 |
| Compensation of current officers, directors, key employees. | $21,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $626,709 |
| Pension plan accruals and contributions | $11,903 |
| Other employee benefits | $75,389 |
| Payroll taxes | $184,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,241 |
| Advertising and promotion | $37,714 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $16,800 |
| Occupancy | $8,399 |
| Travel | $15,063 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,093 |
| Insurance | $14,824 |
| All other expenses | $50,117 |
| Total functional expenses | $1,383,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $645,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,234 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $212,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $887,855 |
| Accounts payable and accrued expenses | $78,116 |
| Grants payable | $0 |
| Deferred revenue | $18,366 |
| 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 | $257,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $354,304 |
| Net assets without donor restrictions | $517,426 |
| Net assets with donor restrictions | $16,125 |
| 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 | $887,855 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Magik Children Theatre Inc has recieved totaling $255,000.
| Awarding Organization | Amount |
|---|---|
Nancy Smith Hurd Foundation Tr San Antonio, TX PURPOSE: GENERAL OPERATING | $100,000 |
San Antonio Area Foundation San Antonio, TX PURPOSE: GENERAL SUPPORT | $40,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $35,000 |
Harvey E Najim Charitable Foundation San Antonio, TX PURPOSE: ASSIST CHILDREN | $30,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $20,000 |
Texas Cavaliers Charitable Foundation San Antonio, TX PURPOSE: THEATRE FOR KIDS WITH AUTISM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alley Theatre Houston, TX | $99,755,068 | $20,544,932 |
Austin Theatre Alliance Austin, TX | $11,051,816 | $12,251,946 |
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Dallas Theater Center Dallas, TX | $4,686,048 | $4,047,540 |
Theatre Under The Stars Inc Houston, TX | $18,210,122 | $4,859,811 |
Zachary Scott Theater Center Austin, TX | $13,760,280 | $6,657,993 |
A D Players Houston, TX | $31,582,319 | $3,073,769 |
Creative Action Austin, TX | $3,479,965 | $2,986,946 |
Plano Childrens Theatre Plano, TX | $1,873,883 | $3,548,642 |
Main Street Theater Houston Houston, TX | $3,176,471 | $2,765,553 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
International Alliance Theatrical Stage Employees & Moving Picture New Orleans, LA | $12,003,795 | $3,171,295 |