Valley Theater
- Assets
- $508.9k
- Revenue
- $208.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Prosser, WA
- Founding
- 03/1962
- Data as of
- 05/2022
- EIN
- 91-6057750
Organization Overview
Valley Theater is located in Prosser, WA. The organization was established in 1962. 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 05/2022, Valley Theater employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Theater 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 05/2022, Valley Theater generated $208.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $135.3k during the year ending 05/2022. While expenses have increased by 5.3% 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
ENRICHING THE COMMUNITY THROUGH PERFORMING ARTS AND THEATER PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN THE HISTORIC PRINCESS THEATER AS A COMMUNITY PERFORMING ARTS AND CULTURAL CENTER.
THE ORGANIZATION SELECTS SCRIPTS, CASTS, AND PRODUCES THEATRICAL ENDEAVORS FOR THE COMMUNITY THEATER USING VOLUNTEER HELP AND TALENT. EACH YEAR, THIS INVOLVES SEVERAL THOUSAND HOURS OF COMMUNITY SERVICE. APPROXIMATELY 2,500 PATRONS ATTEND THE PRODUCTIONS. DURING THE YEAR, THE THEATER HOSTED 34 PERFORMANCES/CONCERTS.
EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lj Da Coursi Secretary | OfficerTrustee | 2 | $0 |
Travis Belisle Business Mgr | OfficerTrustee | 5 | $0 |
Peter Cole Past President | OfficerTrustee | 2 | $0 |
Mari Page President | OfficerTrustee | 5 | $0 |
Joe Francik Treasurer | OfficerTrustee | 1 | $0 |
Cyndil Davis Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $968 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,083 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,717 |
| Total Program Service Revenue | $63,492 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,786 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,081 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,739 |
| 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 | $2,884 |
| Advertising and promotion | $5,514 |
| Office expenses | $974 |
| Information technology | $0 |
| Royalties | $7,046 |
| Occupancy | $32,745 |
| Travel | $0 |
| 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 | $296 |
| Insurance | $8,495 |
| All other expenses | $6,696 |
| Total functional expenses | $135,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,219 |
| Savings and temporary cash investments | $12,366 |
| 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 | $0 |
| Net Land, buildings, and equipment | $391,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $508,905 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $380,958 |
| Retained earnings, endowment, accumulated income, or other funds | $127,947 |
| Total liabilities and net assets/fund balances | $508,905 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Valley Theater has recieved totaling $6,753.
| Awarding Organization | Amount |
|---|---|
3 Rivers Community Foundation Kennewick, WA PURPOSE: REAR WALKWAY REPLACEMENT | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $253 |
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 |