Skylight Theatre Company
- Assets
- $495.4k
- Revenue
- $457.3k
- Investments
- $0.0
- Employees
- 20
- Location
- Los Angeles, CA
- Founding
- 01/1986
- Data as of
- 12/2021
- EIN
- 95-4007314
Organization Overview
Skylight Theatre Company is located in Los Angeles, CA. The organization was established in 1986. 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, Skylight Theatre Company employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skylight Theatre Company 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, Skylight Theatre Company generated $457.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $365.8k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 7 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
THE ORGANIZATION'S MISSION IS TO PROMOTE & DEVELOP INTEREST IN THE ARTS THROUGH THE PRESENTATION OF THEATRICAL PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKYLIGHT THEATRE COMPANY PROVIDES A VOICE AND ARTISTIC OPPORTUNITIES FOR EMERGING PLAYWRIGHTS AND ARTISTS. DUE TO COVID RESTRICTIONS IN 2021, WE WERE UNABLE TO PROVIDE IN-PERSON SERVICES FOR THE FIRST EIGHT MONTHS, HOWEVER DURING THAT TIME WE PRODUCED ONLINE EVENTS AND PANEL DISCUSSIONS. TO ADDRESS THE CHALLENGES OF REBUILDING AFTER THE PANDEMIC, SKYLIGHT BEGAN A SEARCH FOR A NEW FULL-TIME EXECUTIVE DIRECTOR IN ORDER TO HAVE SOMEONE IN PLACE AND FAMILIAR WITH ITS INNER WORKINGS BEFORE INITIATING THE PROCESS OF CREATING A NEW FIVE-YEAR STRATEGIC PLAN (CURRENT ED IS RETIRING). THE COMPANY ALSO FURTHERED INTERACTIONS AND COLLABORATIONS WITHIN THE LOS ANGELES INTIMATE THEATER COMMUNITY, HOSTING THE ON-GOING MEETING OF MORE THAN 80 LOCAL ARTISTIC DIRECTORS (BEGUN MARCH 2020) WHO IN ADDITION TO SHARING RESOURCES AND INFORMATION ARE ADVANCING LEGISLATION IN CALIFORNIA IN SUPPORT OF THE ARTS. RESUMING IN-PERSON SERVICES OCTOBER 2021, ONCE THE CITY AND COUNTY LIFTED RESTRICTIONS, SKYLIGHT LAUNCHED ITS 2021/22 SEASON AS A COLLABORATION PARTNERSHIP WITH ANOTHER LOCAL NONPROFIT THEATER COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Grossman President | OfficerTrustee | 37.5 | $33,000 |
Sandra Grossman Executive Director | Officer | 40 | $27,000 |
Michael Kearns Member | Trustee | 5 | $4,800 |
FR Gregory Goethals Sj Board Chair | OfficerTrustee | 1 | $0 |
Karen Dale Raoul Secretary | OfficerTrustee | 1 | $0 |
William Slocum Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $182,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,664 |
| Total Program Service Revenue | $11,018 |
| Investment income | $328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,750 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,288 |
| 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. | $64,800 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,893 |
| Advertising and promotion | $437 |
| Office expenses | $5,193 |
| Information technology | $3,758 |
| Royalties | $0 |
| Occupancy | $85,600 |
| Travel | $249 |
| 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 | $13,024 |
| Insurance | $9,887 |
| All other expenses | $0 |
| Total functional expenses | $365,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,951 |
| Savings and temporary cash investments | $279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375 |
| 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 | $0 |
| Net Land, buildings, and equipment | $74,542 |
| Investments—publicly traded securities | $22,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $495,412 |
| Accounts payable and accrued expenses | $10,647 |
| 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 | $125,000 |
| Other liabilities | $0 |
| Total liabilities | $135,647 |
| Net assets without donor restrictions | $359,765 |
| Net assets with donor restrictions | $0 |
| 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 | $495,412 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Skylight Theatre Company has recieved totaling $100,641.
| Awarding Organization | Amount |
|---|---|
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT TO DEVELOP AND PRODUCE THEATRICAL WORKS | $25,000 |
California Humanities Oakland, CA PURPOSE: CORE PROGRAMS | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $15,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $15,000 |
Nancy E Barton Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Conservatory Theatre Foundation San Francisco, CA | $52,882,749 | $20,975,914 |
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 |