Admiral Theatre Foundation
- Assets
- $6.3m
- Revenue
- $2.3m
- Investments
- $1.3m
- Employees
- 58
- Location
- Bremerton, WA
- Founding
- 04/1995
- Data as of
- 08/2022
- EIN
- 91-1478193
Organization Overview
Admiral Theatre Foundation is located in Bremerton, WA. The organization was established in 1995. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Admiral Theatre Foundation employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Admiral Theatre 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 08/2022, Admiral Theatre Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.8m during the year ending 08/2022. 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
RENOVATION, OPERATION, AND MAINTENANCE OF THE ADMIRAL THEATRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF THEATRICAL PERFORMANCES FOR KITSAP COMMUNITY TO COME TOGETHER FOR ENTERTAINMENT AND APPRECIATION OF THE PERFORMING ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Johnson Executive Director | Officer | 40 | $130,139 |
Kevin Cure Secretary | Trustee | 1 | $0 |
Steve Politakis Director | Trustee | 1 | $0 |
Will Maupin Director | Trustee | 1 | $0 |
Kate Wilson Director | Trustee | 1 | $0 |
Brian Buskirk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $770,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $496,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,274,790 |
| Total Program Service Revenue | $896,396 |
| Investment income | $3,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,205 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $137,099 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,306,428 |
| 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. | $97,499 |
| Compensation of current officers, directors, key employees. | $97,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,722 |
| Pension plan accruals and contributions | $11,053 |
| Other employee benefits | $58,145 |
| Payroll taxes | -$11,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,973 |
| Advertising and promotion | $18,680 |
| Office expenses | $72,494 |
| Information technology | $12,501 |
| Royalties | $0 |
| Occupancy | $90,960 |
| Travel | $580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,286 |
| Interest | $208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,386 |
| Insurance | $16,814 |
| All other expenses | $34,498 |
| Total functional expenses | $1,830,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,509,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$53,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,236 |
| Prepaid expenses and deferred charges | $22,000 |
| Net Land, buildings, and equipment | $3,535,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,285,019 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,324,655 |
| Accounts payable and accrued expenses | $149,778 |
| Grants payable | $0 |
| Deferred revenue | $509,618 |
| 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 | $19,457 |
| Total liabilities | $678,853 |
| Net assets without donor restrictions | $5,645,802 |
| 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 | $6,324,655 |