Magic Theatre Inc
- Assets
- $908.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 31
- Location
- San Francisco, CA
- Founding
- 02/1971
- Data as of
- 08/2022
- EIN
- 94-1733420
Organization Overview
Magic Theatre Inc is located in San Francisco, CA. The organization was established in 1971. 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 08/2022, Magic Theatre Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Theatre 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 08/2022, Magic Theatre Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAGIC THEATRE IS A PLACE WHERE EMERGING AND ESTABLISHED PLAYWRIGHTS ENGAGE AUDIENCES IN A UNIQUE EXPERIENCE; THE CHANCE TO PARTICIPATE IN THE DEVELOPMENT OF NEW WORK THAT IS STAGED IN AN INTIMATE, PROFESSIONAL SETTING THAT SPEAKS TO CONTEMPORARY ISSUES WITH ORIGINALITY AND WIT, A SENSE OF URGENCY AND ADVENTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF THEATRICAL PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean San Jose Artistic Director | Trustee | 40 | $120,000 |
Kevin Nelson Managing Director | Trustee | 40 | $65,000 |
Karen Donovan Treasurer | OfficerTrustee | 10 | $0 |
Kathryn Kersey Chairman | OfficerTrustee | 20 | $0 |
Alan Stewart Board Member | OfficerTrustee | 10 | $0 |
Leigh Wolf Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $373,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $784,518 |
| Noncash contributions included in lines 1a–1f | $5,473 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,158,118 |
| Total Program Service Revenue | $71,513 |
| Investment income | $499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $69,343 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,370,865 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $26,400 |
| Compensation to disqualified persons | $570,258 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $636 |
| Office expenses | $4,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,460 |
| Travel | $10,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,487 |
| Interest | $8,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,592 |
| Insurance | $13,932 |
| All other expenses | $157,325 |
| Total functional expenses | $1,194,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,018 |
| Savings and temporary cash investments | $57,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $249,600 |
| 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 | $7,333 |
| Net Land, buildings, and equipment | $7,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,985 |
| Total assets | $908,140 |
| Accounts payable and accrued expenses | $104,821 |
| 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 | $104,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $209,321 |
| Net assets without donor restrictions | $263,638 |
| Net assets with donor restrictions | $435,181 |
| 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 | $908,140 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magic Theatre Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Burkhart Foundation Inc Reno, NV PURPOSE: SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Old Globe Theatre San Diego, CA | $79,168,056 | $16,473,770 |
Geffen Playhouse Inc Los Angeles, CA | $33,029,635 | $21,063,113 |
Center Theatre Group Of Los Angeles Los Angeles, CA | $93,308,392 | $15,777,431 |
Theatre & Arts Foundation Of San Diego County La Jolla, CA | $96,134,792 | $15,790,250 |
Berkeley Repertory Theatre Berkeley, CA | $78,284,133 | $11,370,014 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Theatreworks Silicon Valley Redwood City, CA | $8,373,819 | $8,187,041 |
South Coast Repertory Inc Costa Mesa, CA | $83,774,342 | $5,710,509 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Theatre For Children Inc Sacramento, CA | $27,810,781 | $2,930,921 |