Tacoma Arts Live
- Assets
- $3.8m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 224
- Location
- Tacoma, WA
- Founding
- 04/1979
- Data as of
- 06/2022
- EIN
- 91-1106878
Organization Overview
Tacoma Arts Live is located in Tacoma, WA. The organization was established in 1979. 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 06/2023, Tacoma Arts Live employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacoma Arts Live 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 06/2022, Tacoma Arts Live generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 1.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TACOMA ARTS LIVE IS TO ENERGIZE COMMUNITY THROUGH PERFORMANCE. ITS VISION IS A SOUTH SOUND COMMUNITY THAT CELEBRATES ALL CULTURES AND ENJOYS SHARED PROSPERITY. DEVELOPMENT OF YOUTH IS A MAIN PROGRAM ELEMENT THROUGH A WHOLE-CHILD LENS WITH EMPHASIS ON SOCIAL-EMOTIONAL LEARNING AND CIVIL RIGHTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ALL PROGRAMS AND PARTNERS, TACOMA ARTS LIVE SERVED APPROXIMATELY 144,600 PATRONS IN ITS FISCAL YEAR 2022/2023 SEASON. THIS INCLUDES SERVICES PROVIDED BY TACOMA ARTS LIVE DIRECTLY THROUGH LIVE PERFORMANCES, EVENTS, EDUCATION THROUGH THE ARTS PROGRAMS, VIRTUAL PROGRAMMING, AND SMALL BUSINESS INCUBATION SERVICES. WE DELIVERED EDUCATION THROUGH THE ARTS PROGRAMS TO PUBLIC SCHOOLS, PRIVATE SCHOOLS, INDEPENDENT SCHOOLS AND COMMUNITY PARTNERS THROUGHOUT THE SOUTH SOUND REGION OF WASHINGTON STATE. TACOMA ARTS LIVE ALSO COLLABORATES WITH LOCAL ORGANIZATIONS TO SERVE MULTIPLE COMMUNITY MEMBERS THROUGH OUTDOOR EVENTS AND IN VARIOUS VENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fischer Executive Dir. | Officer | 40 | $217,890 |
Lacey Wright Assoc. Exec Dir | Officer | 40 | $139,030 |
Katie Lappier Chief Prog Officer | 40 | $96,667 | |
Chris Tubig COO | Officer | 40 | $94,167 |
Brian Bergren President | OfficerTrustee | 2 | $0 |
Clint Johnson Past President | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interior Gains Coaching/workshop Service | 6/29/23 | $111,500 |
Korsmo Construction Construction | 6/29/23 | $401,315 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $73,835 |
| Fundraising events | $143,825 |
| Related organizations | $0 |
| Government grants | $3,685,879 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,168,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,071,629 |
| Total Program Service Revenue | $1,775,267 |
| Investment income | $19,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,929 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,854,641 |
| 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. | $228,229 |
| Compensation of current officers, directors, key employees. | $26,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,213,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $237,483 |
| Payroll taxes | $197,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,310 |
| Fees for services: Accounting | $29,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,538 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,130 |
| Advertising and promotion | $255,026 |
| Office expenses | $237,134 |
| Information technology | $0 |
| Royalties | $620,449 |
| Occupancy | $53,588 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,083 |
| Interest | $23,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,696 |
| Insurance | $35,207 |
| All other expenses | $41,436 |
| Total functional expenses | $5,096,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,297,735 |
| Savings and temporary cash investments | $247,049 |
| Pledges and grants receivable | $233,781 |
| Accounts receivable, net | $527,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,138 |
| Prepaid expenses and deferred charges | $97,465 |
| Net Land, buildings, and equipment | $558,554 |
| Investments—publicly traded securities | $624,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,315 |
| Total assets | $3,791,397 |
| Accounts payable and accrued expenses | $650,363 |
| Grants payable | $0 |
| Deferred revenue | $374,444 |
| 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 | $199,315 |
| Total liabilities | $1,224,122 |
| Net assets without donor restrictions | $1,838,652 |
| Net assets with donor restrictions | $728,623 |
| 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 | $3,791,397 |