Phoenix Theatre Inc
- Assets
- $50.0m
- Revenue
- $24.6m
- Investments
- $0.0
- Employees
- 378
- Location
- Phoenix, AZ
- Founding
- 08/1945
- Data as of
- 08/2023
- EIN
- 86-0108839
Organization Overview
Phoenix Theatre Inc is located in Phoenix, AZ. The organization was established in 1945. 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 08/2023, Phoenix Theatre Inc employed 378 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix 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 08/2023, Phoenix Theatre Inc generated $24.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $12.4m during the year ending 08/2023. While expenses have increased by 11.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PHOENIX THEATRE CREATES EXCEPTIONAL THEATRICAL EXPERIENCES TO (CONTINUED ON SCHEDULE O) ARTICULATE MESSAGES THAT INSPIRE HOPE AND UNDERSTANDING.
Describe the Organization's Program Activity:
WE VALUE THEATRE AS A PLACE WHERE ANYONE CAN GO - POPULAR, GEEKY, BROKEN DOWN OR AFFLUENT - AND BE WELCOMED. THEATRE LIVES WHERE WE WISH THE WHOLE WORLD LIVED. BY INSPIRING EMPATHY AND THE ABILITY TO SEE THINGS FROM ANOTHER'S POINT OF VIEW, WE ENCOURAGE QUALITIES THAT LEAD TO VISIONARY LEADERSHIP AND BUILD COMMUNITIES IN WHICH WE ARE PROUD TO WORK AND LIVE.
EDUCATION: PHOENIX THEATRE BELIEVES THE ARTS ARE ESSENTIAL BECAUSE THEY BUILD COMMUNITIES IN WHICH WE ARE PROUD TO WORK AND LIVE. FOSTER THE HERO WITHIN, CREATE GREATER UNDERSTANDING OF CULTURAL AND POLITICAL DIFFERENCES AND, IN AN ERA OF SIMULATED VIRTUAL GATHERINGS, CONTINUE TO PROVIDE A FORUM IN WHICH THE COMMUNITY FROM ALL WALKS OF LIFE CAN GATHER, LIVE AND IN-PERSON. PHOENIX THEATRE BELIEVES THE PROCESS OF CREATING THEATRICAL EXPERIENCES IS JUST AS IMPORTANT AS THE EXPERIENCE ITSELF. PHOENIX THEATRE STRIVES TO PRODUCE THE NEXT GENERATION OF PEOPLE WHO PRODUCE THEATRICAL EXPERIENCES. PHOENIX THEATRE CREATED A COMMUNITY OF ARTISTS - FROM THE ACTOR TO THE PROP DESIGNER; FROM THE MUSICIAN TO THE SET BUILDER, AND SO ON. PHOENIX THEATRE IS A PLACE WHERE THESE ARTISTS LIVE, CREATE, AND LEARN. THROUGH MENTORSHIP, AND APPRENTICESHIP PROGRAMS, PHOENIX THEATRE DEVELOPS MUCH NEEDED PROGRAMS TO EDUCATE AND TRAIN THOSE WHO MAKE EXCEPTIONAL THEATRICAL EXPERIENCES POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Vanvleet Executive Director | Officer | 40 | $204,178 |
Jeff Gardner Director | Trustee | 2 | $0 |
Patty Johnson Director | Trustee | 2 | $0 |
Michael Giavanti Director | Trustee | 2 | $0 |
Angela Derosa Director | Trustee | 2 | $0 |
Megan Finnerty Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rsp Architects Construction Vendor | 8/30/23 | $645,987 |
Clearwing Systems Integration Construction Vendor | 8/30/23 | $599,464 |
Chanen Construction Company Inc Construction Vendor | 8/30/23 | $317,066 |
Playhouse On The Park Llc Ticket Sales And Handling Fees | 8/30/23 | $272,004 |
Connect Partnership Group Llc Consulting | 8/30/23 | $200,656 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $643,854 |
| Related organizations | $0 |
| Government grants | $10,359,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,746,223 |
| Noncash contributions included in lines 1a–1f | $58,897 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,749,077 |
| Total Program Service Revenue | $6,561,231 |
| Investment income | $358,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $62 |
| Net Rental Income | $46,390 |
| Net Gain/Loss on Asset Sales | -$52,923 |
| Net Income from Fundraising Events | -$151,591 |
| Net Income from Gaming Activities | $4,605 |
| Net Income from Sales of Inventory | $82,192 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,633,049 |
| 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. | $413,983 |
| Compensation of current officers, directors, key employees. | $144,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,588,645 |
| Pension plan accruals and contributions | $79,833 |
| Other employee benefits | $190,327 |
| Payroll taxes | $432,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $120,021 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,615 |
| Advertising and promotion | $1,231,229 |
| Office expenses | $39,643 |
| Information technology | $255,617 |
| Royalties | $412,869 |
| Occupancy | $439,208 |
| Travel | $259,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $195,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,695 |
| Insurance | $128,945 |
| All other expenses | $775,099 |
| Total functional expenses | $12,379,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,335,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,807,522 |
| 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 | $60,353 |
| Prepaid expenses and deferred charges | $342,787 |
| Net Land, buildings, and equipment | $13,743,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $73,127 |
| Other assets | $12,602,078 |
| Total assets | $49,964,799 |
| Accounts payable and accrued expenses | $702,039 |
| Grants payable | $0 |
| Deferred revenue | $2,265,190 |
| 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 | $7,645,899 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $0 |
| Total liabilities | $12,613,128 |
| Net assets without donor restrictions | $16,377,699 |
| Net assets with donor restrictions | $20,973,972 |
| 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 | $49,964,799 |