5th Avenue Theatre Association
- Assets
- $19.8m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 308
- Location
- Seattle, WA
- Founding
- 03/1980
- Data as of
- 07/2020
- EIN
- 91-1087612
Organization Overview
5th Avenue Theatre Association is located in Seattle, WA. The organization was established in 1980. 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 07/2021, 5th Avenue Theatre Association employed 308 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 5th Avenue Theatre Association 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 07/2020, 5th Avenue Theatre Association generated $22.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $24.0m during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NURTURE, ADVANCE, AND CELEBRATE AMERICA'S GREAT ORIGINAL ART FORM: THE MUSICAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Berry Producing & Artistic Director | Officer | 40 | $176,106 |
Bernadine C Griffin Managing Director | Officer | 40 | $176,106 |
Michelle Moga Director Of Philanthropy Thru 10/20 | 40 | $170,582 | |
Rachel M Robert Chief Financial Officer | Officer | 40 | $120,077 |
Bonnie Towne Chair | OfficerTrustee | 2 | $0 |
Les Biller President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corporate Payment Systems Visa Card Clearing House | 7/30/21 | $360,989 |
Ioopa Technology Group It Management | 7/30/21 | $177,309 |
Bennett Direct Fundraising Services | 7/30/21 | $134,332 |
Irwin Seating Company Retailer/construction | 7/30/21 | $350,000 |
Gordon & Rees Llp Legal | 7/30/21 | $101,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,847,518 |
| Investment income | $28,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $210,846 |
| Net Rental Income | $4,847 |
| Net Gain/Loss on Asset Sales | $10,745 |
| Net Income from Fundraising Events | $14,791 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,609 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,661,308 |
| Statement of Expenses | |
|---|---|
| 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. | $575,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,125,229 |
| Pension plan accruals and contributions | $325,674 |
| Other employee benefits | $1,946,450 |
| Payroll taxes | $613,779 |
| Fees for services: Management | $178,915 |
| Fees for services: Legal | $14,841 |
| Fees for services: Accounting | $73,567 |
| Fees for services: Lobbying | $16,000 |
| Fees for services: Fundraising | $129,245 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,164,243 |
| Office expenses | $95,871 |
| Information technology | $281,478 |
| Royalties | $767,410 |
| Occupancy | $1,236,483 |
| Travel | $1,064,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $608,717 |
| Insurance | $233,494 |
| All other expenses | $0 |
| Total functional expenses | $24,040,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,941,339 |
| Savings and temporary cash investments | $5,069,492 |
| Pledges and grants receivable | $2,780,372 |
| Accounts receivable, net | $1,476,274 |
| 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 | $968,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $243,747 |
| Intangible assets | $0 |
| Other assets | $31,199 |
| Total assets | $19,781,467 |
| Accounts payable and accrued expenses | $3,828,632 |
| Grants payable | $0 |
| Deferred revenue | $5,379,610 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $2,133,323 |
| Other liabilities | $1,185,688 |
| Total liabilities | $13,027,253 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $6,754,214 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that 5th Avenue Theatre Association has recieved totaling $1,452,607.
| Awarding Organization | Amount |
|---|---|
Norcliffe Foundation Seattle, WA PURPOSE: KICKSTART THE ARTS REOPENING COMPREHENSIVE CAMPAIGN | $250,000 |
Norcliffe Foundation Seattle, WA PURPOSE: KICKSTART THE ARTS REOPENING COMPREHENSIVE CAMPAIGN | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $222,400 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $193,768 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE FUND A NEED 2021 GALA; IN SUPPORT OF ANNUAL FUND; ANNUAL FUND; TO PROVIDE SUPPORT PER THE 2021 GRANT PROPOSAL; ANNUAL GIFT; VIRTUAL GALA TABLE SPONSORSHIP; EDUCATION PROGRAMS | $141,058 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $69,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
5th Avenue Theatre Association Seattle, WA | $19,781,467 | $22,661,308 |
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Seattle Repertory Theatre Seattle, WA | $11,018,492 | $11,241,562 |
Village Theatre Issaquah, WA | $23,494,101 | $8,767,180 |
A Contemporary Theatre Inc Seattle, WA | $4,152,223 | $6,596,754 |
Portland Center Stage Portland, OR | $4,466,227 | $5,640,293 |
Tacoma Arts Live Tacoma, WA | $3,194,540 | $3,456,801 |
Artists Repertory Theatre Portland, OR | $14,727,144 | $2,680,665 |
Idaho Shakespeare Festival Inc Boise, ID | $8,329,786 | $2,964,259 |
Music For Life Institute Bellingham, WA | $1,486,118 | $1,674,576 |
Tower Theatre Foundation Inc Bend, OR | $3,447,410 | $2,473,687 |
Lakewood Theatre Company Lake Oswego, OR | $5,470,972 | $2,767,462 |