Seattle Theatre Group
- Assets
- $54.1m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 430
- Location
- Seattle, WA
- Founding
- 05/1995
- Data as of
- 08/2021
- EIN
- 94-3130227
Organization Overview
Seattle Theatre Group is located in Seattle, 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 08/2021, Seattle Theatre Group employed 430 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Theatre Group 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 08/2021, Seattle Theatre Group generated $15.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $11.2m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (19.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE ENRICHING EXPERIENCES IN THE ARTS, ENGAGE DIVERSE COMMUNITIES AND STEWARD HISTORIC THEATRES.
Describe the Organization's Program Activity:
SEATTLE THEATRE GROUP (STG) PRESENTS LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL PERFORMANCES. DURING THE YEAR ENDED 8/31/21, STG PRESENTED JUST 14 PERFORMANCES, DUE TO COVID-19 CLOSURES, WITH 26,900 IN ATTENDANCE. STG PRESERVES AND MAINTAINS THREE HISTORIC THEATRES. STG'S EDUCATION AND COMMUNITY ENGAGEMENT DIVISION OFFERED EDUCATIONAL AND COMMUNITY PROGRAMS FOR OVER 30,000 PARTICIPANTS. THESE PROGRAMS INCLUDE VIRTUAL WORKSHOPS, PERFORMANCES, CONVERSATIONS, MASTER CLASSES, FREE PERFORMANCE VIEWERSHIP AND UNIQUE OPPORTUNITIES TO SUPPORT HISTORICALLY EXCLUDED COMMUNITIES AND THE COMMUNITY IN GENERAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Allen Chief Operating Officer | Officer | 40 | $706,831 |
Josh Labelle Executive Director | Officer | 40 | $502,115 |
Adam Zacks Chief Programming Officer | Officer | 40 | $295,816 |
Victoria Contreras Director Of Sales/patron Serv. | 40 | $207,241 | |
Maura Ahearne Director Of Development | Officer | 40 | $175,417 |
Gary Corrington Chief Financial Officer | Officer | 40 | $170,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $901,365 |
| Related organizations | $0 |
| Government grants | $8,279,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,159,303 |
| Noncash contributions included in lines 1a–1f | $80,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,340,168 |
| Total Program Service Revenue | $758,538 |
| Investment income | $302,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$47,392 |
| Net Gain/Loss on Asset Sales | $23,703 |
| Net Income from Fundraising Events | -$53,749 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,388,598 |
| 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. | $1,386,330 |
| Compensation of current officers, directors, key employees. | $566,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,388,265 |
| 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 | $0 |
| Fees for services: Lobbying | $70,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,618 |
| Fees for services: Other | $0 |
| Advertising and promotion | $134,182 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $956,452 |
| Insurance | $191,504 |
| All other expenses | $1,237,729 |
| Total functional expenses | $11,238,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,607,494 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,001 |
| Accounts receivable, net | $1,044,109 |
| 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 | $467,609 |
| Net Land, buildings, and equipment | $10,888,958 |
| Investments—publicly traded securities | $36,990,781 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,057,952 |
| Accounts payable and accrued expenses | $1,844,070 |
| Grants payable | $0 |
| Deferred revenue | $14,391,492 |
| 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 | $5,813,407 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $0 |
| Total liabilities | $24,048,969 |
| Net assets without donor restrictions | $27,579,359 |
| Net assets with donor restrictions | $2,429,624 |
| 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 | $54,057,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seattle Theatre Group has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Lowen Family Foundation Bellevue, WA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $1,000 |
Endowment Analysis
| Beg. Balance | $636,675 |
| Earnings | $140,636 |
| Ending Balance | $777,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Theatre Group Seattle, WA | $54,057,952 | $15,388,598 |
B H Music Center Seattle, WA | $60,522,561 | $1,629,830 |
Sun Valley Summer Symphony Inc Sun Valley, ID | $21,678,504 | $4,964,216 |
Mount Baker Theatre Bellingham, WA | $11,335,645 | $5,704,863 |
Sun Valley Center For The Arts Inc Sun Valley, ID | $8,382,045 | $3,240,614 |
Alaska Center For The Performing Arts Inc Anchorage, AK | $5,252,676 | $3,325,107 |
Admiral Theatre Foundation Bremerton, WA | $5,326,059 | $2,302,492 |
Sun Valley Performing Arts Center Inc Sun Valley, ID | $17,237,696 | $2,348,449 |
Festival At Sandpoint Inc Sandpoint, ID | $563,215 | $2,220,339 |
Capitol Theatre Committee Yakima, WA | $2,272,449 | $2,350,736 |
Craterian Performances Company Medford, OR | $5,606,742 | $1,921,347 |
Washington Center For The Performing Arts Olympia, WA | $3,938,920 | $2,618,555 |