Fountain Theatre
- Assets
- $864.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 42
- Location
- Los Angeles, CA
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 95-3119081
Organization Overview
Fountain Theatre is located in Los Angeles, CA. The organization was established in 1980. 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 12/2021, Fountain Theatre employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountain Theatre 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 12/2021, Fountain Theatre generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 11.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE, DEVELOP, AND PUBLICLY PRODUCE LIVE THEATRICAL PRODUCTIONS AND DANCE EVENTS THAT REFLECT THE DIVERSITY OF LOS ANGELES AND THE NATION. TO ENHANCE THE LIVES OF YOUNG PEOPLE THROUGH EDUCATIONAL ARTS PROGRAMS SERVING MULTIPLE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION DEVELOPS PROVOCATIVE NEW WORKS AND EXPLORES A UNIQUE VISION OF ESTABLISHED PLAYS THAT REFLECT THE IMMEDIATE CONCERNS AND CULTURAL DIVERSITY OF CONTEMPORARY LOS ANGELES AND THE NATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Sachs Director | Trustee | 40 | $72,273 |
Simon Levy Director | Trustee | 40 | $61,121 |
Barbara Goodhill Director | Trustee | 20 | $37,173 |
Dorothy Wolpert Chair | OfficerTrustee | 0 | $0 |
Donald Zachary Secretary | OfficerTrustee | 0 | $0 |
Carrie Chassin Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $301,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $753,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,054,972 |
| Total Program Service Revenue | $151,392 |
| Investment income | $0 |
| 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 | $3,289 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,209,653 |
| 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. | $170,567 |
| Compensation of current officers, directors, key employees. | $93,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,503 |
| Advertising and promotion | $54,544 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $5,600 |
| Occupancy | $37,025 |
| Travel | $12,074 |
| 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 | $31,147 |
| Insurance | $17,216 |
| All other expenses | $30,619 |
| Total functional expenses | $1,038,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,412 |
| Savings and temporary cash investments | $270,538 |
| 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 | $15,113 |
| Net Land, buildings, and equipment | $577,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $864,607 |
| Accounts payable and accrued expenses | $34,202 |
| Grants payable | $0 |
| Deferred revenue | $80,036 |
| 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 | -$1,990 |
| Total liabilities | $112,248 |
| Net assets without donor restrictions | $689,859 |
| Net assets with donor restrictions | $62,500 |
| 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 | $864,607 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fountain Theatre has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Brener Family Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $19,000 |
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 |