American Conservatory Theatre Foundation
- Assets
- $90.6m
- Revenue
- $51.9m
- Investments
- $1.6m
- Employees
- 596
- Location
- San Francisco, CA
- Founding
- 12/1966
- Data as of
- 06/2023
- EIN
- 94-6135772
Organization Overview
American Conservatory Theatre Foundation, operating under the name American Conservatory Theater, is located in San Francisco, CA. The organization was established in 1966. 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 06/2023, American Conservatory Theater employed 596 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Conservatory 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 06/2023, American Conservatory Theater generated $51.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $23.5m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACT FOUNDATION NURTURES THE ART OF LIVE THEATER, ACTOR TRAINING AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACT FOUNDATION IS NATIONALLY RECOGNIZED FOR ITS GROUNDBREAKING PRODUCTIONS OF CLASSICAL AND CONTEMPORARY PLAYWRITING, AND CELEBRATED ACTOR TRAINING, EDUCATION AND COMMUNITY PROGRAMS. THE COMPANY PRODUCES CHALLENGING THEATER IN THE RICH CONTEXT OF SYMPOSIA, AUDIENCE DISCUSSIONS AND COMMUNITY INTERACTION.
THE CONSERVATORY, EDUCATION AND COMMUNITY PROGRAMS SERVE MORE THAN 22,000 INDIVIDUALS EACH YEAR IN SCHOOLS, COMMUNITY CENTERS AND A.C.T. FACILITIES THROUGHOUT THE BAY AREA. THE CONSERVATORY PROVIDES LIFELONG AND TRANSFORMATIONAL LEARNING TO PEOPLE OF ALL AGES, BACKGROUNDS AND COMMITMENT TO THEIR ARTISTRY THROUGH LIVE THEATER CLASSES AND ACTOR TRAINING. DISTINGUISHED FORMER STUDENTS OF THE CONSERVATORY PROGRAMS INCLUDE DANNY GLOVER, ANNETTE BENING, DENZEL WASHINGTON, BENJAMIN BRATT AND ANIKA NONI ROSE. THE EDUCATION AND COMMUNITY EFFORTS REACH STUDENTS IN SCHOOLS AND COMMUNITY CENTERS THROUGH THEATER-BASED ARTS EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bielstein Executive Director | OfficerTrustee | 40 | $411,221 |
Pamela Mackinnon Artistic Director | OfficerTrustee | 40 | $400,638 |
Jeffrey S Minick Chair - Board Of Trustees | OfficerTrustee | 15 | $0 |
David Riemer Immediate Past Chair | OfficerTrustee | 1 | $0 |
Joaqun Torres President - Board Of Trustees | OfficerTrustee | 15 | $0 |
Robina Riccitiello Secretary - Board Of Trustees | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mic Check Llc Co-production Serivices | 6/29/23 | $400,000 |
Capacity Interactive Consulting Llc Advertising | 6/29/23 | $217,740 |
San Francisco Chronicle Advertising | 6/29/23 | $160,298 |
California Shakespeare Theater Production Services | 6/29/23 | $139,550 |
Horwith Accountancy Corp Consulting Services For Accounting | 6/29/23 | $134,381 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,469 |
| Related organizations | $0 |
| Government grants | $670,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,224,940 |
| Noncash contributions included in lines 1a–1f | $15,202,032 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,020,899 |
| Total Program Service Revenue | $6,798,238 |
| Investment income | $1,421,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,697 |
| Net Gain/Loss on Asset Sales | $1,224,513 |
| Net Income from Fundraising Events | $126,175 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,903,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,702 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,727,309 |
| Compensation of current officers, directors, key employees. | $305,143 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,866,972 |
| Pension plan accruals and contributions | $325,900 |
| Other employee benefits | $1,423,119 |
| Payroll taxes | $928,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,778 |
| Fees for services: Accounting | $161,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,050 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $756,352 |
| Office expenses | $77,212 |
| Information technology | $459,664 |
| Royalties | $65,714 |
| Occupancy | $2,095,766 |
| Travel | $505,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,068,447 |
| Insurance | $319,730 |
| All other expenses | $1,153,807 |
| Total functional expenses | $23,468,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,062,570 |
| Savings and temporary cash investments | $1,853,659 |
| Pledges and grants receivable | $3,653,501 |
| Accounts receivable, net | $166,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,768,282 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $437,153 |
| Net Land, buildings, and equipment | $20,750,046 |
| Investments—publicly traded securities | $45,896,754 |
| Investments—other securities | $1,583,592 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $380,802 |
| Total assets | $90,553,200 |
| Accounts payable and accrued expenses | $2,949,109 |
| Grants payable | $0 |
| Deferred revenue | $3,651,240 |
| 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 | $63,511 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $8,266,888 |
| Total liabilities | $16,930,748 |
| Net assets without donor restrictions | $47,306,060 |
| Net assets with donor restrictions | $26,316,392 |
| 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 | $90,553,200 |