Key City Players Inc
- Assets
- $742.9k
- Revenue
- $515.5k
- Investments
- $0.0
- Employees
- 22
- Location
- Port Townsend, WA
- Founding
- 05/1963
- Data as of
- 12/2022
- EIN
- 91-6070946
Organization Overview
Key City Players Inc is located in Port Townsend, WA. The organization was established in 1963. 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 12/2022, Key City Players Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key City Players Inc 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 12/2022, Key City Players Inc generated $515.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $546.0k during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 8 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
TO PRODUCE HIGH CALIBER THEATER AND ENRICHING CULTURAL EXPERIENCES ALONG WITH ROBUST EDUCATIONAL PROGRAMS THAT SIGNIFICANTLY ENRICH THE QUALITY OF LIFE IN OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YEAR ROUND SMALL PROFESSIONAL THEATER SERVING 18,000+ PATRONS ANNUALLY THROUGH THE WORK OF 7 FTE EMPLOYEES, 40 PART TIME AND TEMPORARY EMPLOYEES/CONTRACTORS/ARTISTS AND VOLUNTEERS. KEY CITY PUBLIC THEATRE'S VENUE AND OPERATIONS REMAINED SHUTTERED FOR THE SIGNIFICANT PORTION OF 2022 AS THE THEATER RE-OPENED TO IN-PERSON PROGRAMMING WITH AN ABBREVIATED SEASON. THIS REDUCTION IN PROGRAMMATIC ACTIVITY RESULTED IN A THIRD YEAR OF SIGNIFICANT LOSS OF EARNED REVENUE OVER NORMAL OPERATIONAL YEARS. EDUCATION PROGRAMS WERE CONDUCTED WITH REDUCED CLASS SIZES OR OUTDOORS (WHEN POSSIBLE), BUT WERE ALSO SUBJECT TO A REDUCTION IN EARNED REVENUE OVER NORMAL CAPACITY.IN FIRST AND SECOND QUARTER 2022, KCPT COMPLETED A MAJOR FACILITY RENOVATION FOCUSED ON COVID-19 PROTOCOL COMPLIANCE AND OTHER SAFE AND SANITARY UPGRADES INCLUDING HVAC, AIR FILTRATION, AND VENTILATION SYSTEMS, TOUCH-FREE RESTROOM FIXTURES AND RECONFIURATION OF CRAMPED SPACES FOR IMPROVED PATRON AND EMPLOYEE SAFETY/ADA COMPLIANCE/COVID GUIDELINES AND WORK FLOW. A TOTAL OF $72,194 RESTRICTED DOLLARS WERE RAISED AND CAPITAL IMPROVEMENTS OF $213,656 WERE MADE IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Goldsmith Chairperson | OfficerTrustee | 2 | $0 |
Johnpaul Davies Vice-Chairperson | OfficerTrustee | 2 | $0 |
Melanie Bozak Treasurer | OfficerTrustee | 2 | $0 |
Julia Mertena Towne Secretary | OfficerTrustee | 2 | $0 |
Joann Bussa Director-At-Large | Trustee | 2 | $0 |
Jim Ferris Director-At-Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,016 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,908 |
| Noncash contributions included in lines 1a–1f | $235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,924 |
| Total Program Service Revenue | $225,908 |
| Investment income | $622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $19,093 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,547 |
| 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. | $53,590 |
| Compensation of current officers, directors, key employees. | $4,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,177 |
| Payroll taxes | $23,310 |
| 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 | $89,104 |
| Advertising and promotion | $13,233 |
| Office expenses | $6,452 |
| Information technology | $6,791 |
| Royalties | $0 |
| Occupancy | $56,945 |
| Travel | $5,946 |
| 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 | $16,575 |
| Insurance | $5,114 |
| All other expenses | $3,507 |
| Total functional expenses | $545,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,490 |
| Savings and temporary cash investments | $12,145 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,863 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,600 |
| Prepaid expenses and deferred charges | $6,392 |
| Net Land, buildings, and equipment | $607,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,948 |
| Total assets | $742,937 |
| Accounts payable and accrued expenses | $66,040 |
| 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 | $29,086 |
| Total liabilities | $95,126 |
| Net assets without donor restrictions | $628,863 |
| Net assets with donor restrictions | $18,948 |
| 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 | $742,937 |