The Magik Theatre
- Assets
- $646.6k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 100
- Location
- San Antonio, TX
- Founding
- 10/1995
- Data as of
- 09/2022
- EIN
- 74-2707895
Organization Overview
The Magik Theatre 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 09/2022, Magik Theatre employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magik Theatre 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 09/2022, Magik Theatre generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $2.2m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 4 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
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, 2021 TO SEPTEMBER 30, 2022, THE THEATRE PERFORMED TO 24,952 CHILDREN AND ADULTS. THE THEATRE HAD A TOTAL OF 101 PERFORMANCES.
THE THEATRE BRINGS THEATRICAL PRODUCTIONS TO SCHOOLS IN SAN ANTONIO, SOUTH AND CENTRAL TEXAS DURING THE SCHOOL YEAR. THE THEATRE OFFERRED A COMBINED TOTAL OF 65 PRODUCTIONS AND SERVED 8,710 STUDENTS AND ADULTS DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2022.
THE THEATRE PROVIDES ACTING CLASSES FOR CHILDREN FROM AGES 6 TO 18. THE THEATRE HAS CLASSES DURING THE SCHOOL YEAR. THE THEATRE SERVED APPROXIMATELY 300 CHILDREN THROUGH THESE ACTING CLASSES. THE OBJECTIVE IS TO PROVIDE CREATIVE PROCESS THINKING AND CREATIVITY FOR CHILDREN IN A FUN AND EXCITING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Villani CEO | Officer | 40 | $100,432 |
John Heard President | OfficerTrustee | 2 | $0 |
Pam Bramble Vice President | OfficerTrustee | 2 | $0 |
Doren Fein Ruttenberg Member | Trustee | 2 | $0 |
Alonzo Guzman Treasurer | OfficerTrustee | 2 | $0 |
Alan Petlin Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $938,659 |
| All other contributions, gifts, grants, and similar amounts not included above | $462,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,400,671 |
| Total Program Service Revenue | $490,638 |
| Investment income | $911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,576 |
| 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 | $2,034,389 |
| 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. | $100,432 |
| Compensation of current officers, directors, key employees. | $25,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $999,204 |
| Pension plan accruals and contributions | $14,443 |
| Other employee benefits | $109,833 |
| Payroll taxes | $309,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,432 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,288 |
| Advertising and promotion | $73,891 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $10,304 |
| Occupancy | $11,867 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $72,576 |
| Conferences, conventions, and meetings | $0 |
| Interest | $529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,236 |
| Insurance | $28,215 |
| All other expenses | $98,341 |
| Total functional expenses | $2,165,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,716 |
| 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 | $4,000 |
| Net Land, buildings, and equipment | $172,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $646,619 |
| Accounts payable and accrued expenses | $86,152 |
| Grants payable | $0 |
| Deferred revenue | $25,333 |
| 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 | $111,485 |
| Net assets without donor restrictions | $474,009 |
| Net assets with donor restrictions | $61,125 |
| 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 | $646,619 |