Taproot Theatre
- Assets
- $5.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 234
- Location
- Seattle, WA
- Founding
- 08/1978
- Data as of
- 12/2023
- EIN
- 91-0971237
Organization Overview
Taproot Theatre, operating under the name Taproot Theatre Company, is located in Seattle, WA. The organization was established in 1978. 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 12/2023, Taproot Theatre Company employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taproot 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 12/2023, Taproot Theatre Company generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TAPROOT THEATRE TELLS STORIES OF HOPE, SERVING THE PACIFIC NORTHWEST THROUGH LIVE THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAPROOT IS DEDICATED TO CREATING QUALITY ART THAT UNITES PEOPLE THROUGH THE UNIQUE POWER OF LIVE STORYTELLING AND THE RELATIONSHIPS THAT WE BUILD AND NUTURE. STRATEGICALLY LOCATED AS ONE OF THE LARGEST THEATRES OUTSIDE SEATTLES DOWNTOWN ARTS CORRIDOR, TAPROOT STRIVES TO BECOME THE THEATRE OF CHOICE FOR NORTH SEATTLE/NORTHWEST KING COUNTY. TAPROOT GENERATES A SHARED SENSE OF COMMUNITY AND HOPE FOR BOTH AUDIENCES AND ARTISTS WITH STORIES THAT AMPLIFY THE HOPE, COURAGE, SELF-SACRIFICE, LOVE, AND REDEMPTION IN OUR WORLD. SINCE RESUMING LIVE IN-PERSON PRODUCTION ON THE MAIN STAGE IN NOVEMBER, 2021 AFTER AN 18 MONTH DELAY BROUGHT ON BY THE WORLDWIDE PANDEMIC, TAPROOT HAS PRODUCED A GAMUT OF PRODUCTIONS RANGING FROM CLASSICAL COMEDIES AND DRAMAS TO MODERN WORKS, AND WORLD AND REGIONAL PREMIERE PLAYS AND MUSICALS, ALL SHARING THE COMMON THEME OF HOPE.
EDUCATION AND OUTREACH. TAPROOT THEATRES ROAD COMPANY CONSISTS OF 5 ACTORS WHO PERFORM SOCIAL-EMOTIONAL LEARNING PLAYS AT PUBLIC AND PRIVATE SCHOOLS. THESE PLAYS FOCUS ON BULLYING PREVENTION, ACCEPTING DIFFERENCES, AND EMPATHY AND EMOTIONAL MANAGEMENT. IN 2023, THE ROAD COMPANY PERFORMED 264 PERFORMANCES TO APPROXIMATELY 89,629 STUDENTS. TAPROOT THEATRES ACTING STUDIO CREATES A NURTURING ENVIRONMENT TO HELP YOUTH AND ADULT STUDENTS DEVELOP THEIR UNIQUE THEATRICAL TALENTS AND GIFTS. DURING 2023, THE ACTING STUDIO OFFERED CLASSES AND RESIDENT OPPORTUNITIES TO 640 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Lund President | OfficerTrustee | 40 | $87,023 |
Rachel Barach Board Member | Trustee | 1 | $0 |
Larry Bjork Board Member | Trustee | 1 | $0 |
Rebecca Brittle Board Member | OfficerTrustee | 2 | $0 |
Doug Freyberg Board Member | Trustee | 1 | $0 |
Matthew Garcia Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,997 |
| Related organizations | $0 |
| Government grants | $19,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $828,812 |
| Noncash contributions included in lines 1a–1f | $75,976 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,346 |
| Total Program Service Revenue | $1,494,596 |
| Investment income | $3,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $60 |
| Net Rental Income | $27,301 |
| Net Gain/Loss on Asset Sales | $7,023 |
| Net Income from Fundraising Events | -$44,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,604,895 |
| 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. | $100,554 |
| Compensation of current officers, directors, key employees. | $40,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,078,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $179,258 |
| Payroll taxes | $217,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $270 |
| Fees for services: Accounting | $49,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,438 |
| Advertising and promotion | $169,591 |
| Office expenses | $53,006 |
| Information technology | $90,756 |
| Royalties | $94,483 |
| Occupancy | $148,520 |
| Travel | $23,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,156 |
| Interest | $67,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,098 |
| Insurance | $1,940 |
| All other expenses | $0 |
| Total functional expenses | $4,000,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,942 |
| Savings and temporary cash investments | $28,040 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $80,564 |
| Net Land, buildings, and equipment | $5,417,694 |
| Investments—publicly traded securities | $101,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,558 |
| Total assets | $5,794,614 |
| Accounts payable and accrued expenses | $281,639 |
| Grants payable | $0 |
| Deferred revenue | $414,976 |
| 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 | $1,473,461 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,885 |
| Total liabilities | $2,229,961 |
| Net assets without donor restrictions | $3,564,653 |
| Net assets with donor restrictions | $0 |
| 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 | $5,794,614 |