Stanford Theater Foundation
- Assets
- $6.5m
- Revenue
- $651.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 77-0197543
Organization Overview
Stanford Theater Foundation is located in Palo Alto, CA. The organization was established in 1989. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Stanford Theater Foundation 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 12/2021, Stanford Theater Foundation generated $651.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $647.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STANFORD THEATRE FOUNDATION WAS ESTABLISHED TO PROMOTE THE PRESERVATION, STUDY AND PUBLIC APPRECIATION OF CLASSIC AMERICAN FILMS PRODUCED PRIMARILY BETWEEN 1920 AND 1960. THE STANFORD THEATRE FOUNDATION OPERATES THE STANFORD THEATRE, LOCATED IN PALO ALTO, CALIFORNIA. THE STANFORD THEATRE IS THE LARGEST REMAINING "MOVIE PALACE" ON THE SOUTHERN PENINSULA OF SAN FRANCISCO BAY. ORIGINALLY CONSTRUCTED IN 1925, THE THEATRE SEATS 1,170. THE STANFORD THEATRE FOUNDATION MADE EXTENSIVE RENOVATIONS AND RESTORATIONS IN 1988 AND 1989, BROUGHT THE THEATRE UP TO CURRENT CONSTRUCTION AND SEISMIC CODES, AND MUCH OF ITS ORIGINAL DECOR WAS RESTORED. THE THEATRE REOPENED TO THE PUBLIC IN 1989 AND HAS OPERATED IN A FESTIVAL FORMAT SINCE THAT TIME TO FOSTER THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF THE GOLDEN AGE OF AMERICAN CINEMA ON A BASIS CONSISTENT WITH THE FOUNDATION'S CHARITABLE AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Si White Treas/cfo | 2.2 | $0 | |
Walter B Hewlett Director | 0.5 | $0 | |
David W Packard Chairman/president | 4 | $0 | |
Barbara P Wright Secretary | 0.5 | $0 | |
Edith R Kramer Director | 0.5 | $0 | |
Robert Rosen Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $651,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $651,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $108,693 |
| Pension plans, employee benefits | $45,882 |
| Interest | $0 |
| Taxes | $9,232 |
| Depreciation | $296,043 |
| Occupancy | $66,172 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,636 |
| Total operating and administrative expenses | $647,762 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $647,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,614 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,153 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,283,171 |
| Other assets | $0 |
| Total assets | $6,523,938 |
| Accounts payable and accrued expenses | $87,568 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $87,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaizen Educational Foundation Phoenix, AZ | $53,687,317 | $45,601,979 |
Music Center Foundation Los Angeles, CA | $314,452,554 | $21,090,065 |
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |