Sacred Fools Theater
- Assets
- $262.4k
- Revenue
- $437.8k
- Investments
- $0.0
- Employees
- 50
- Location
- Los Angeles, CA
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 95-4619221
Organization Overview
Sacred Fools Theater is located in Los Angeles, CA. The organization was established in 1997. 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 12/2022, Sacred Fools Theater employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacred Fools 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 12/2022, Sacred Fools Theater generated $437.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $412.2k during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SACRED FOOLS IS DEDICATED TO CREATING AND FOSTERING A DYNAMIC EMPOWERED DIVERSE ARTISTIC COMMUNITY IN LOS ANGELES. WE DEVELOP NEW PLAYS AND PROJECTS THAT CHALLENGE TRADITIONAL EXPECTATIONS OF THEATRE AND STRIVE TO ENLIGHTEN ENTERTAIN AND TRANSFORM OUR AUDIENCES THROUGH OUR WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"A MIDSUMMER NIGHTMARE" WAS A WORKSHOP PRODUCTION PRESENTED FOR TWO NIGHTS TO AUDIENCES FOR FREE. THIS PROJECT WILL BE REMOUNTED IN 2023 AS PART OF OUR CONTINUING EFFORT TO WORKSHOP PROMISING ORIGINAL PROJECTS EN ROUTE TO A FULL PRODUCTION. REVENUE REFLECTS DONATIONS FOR THIS FREE PRODUCTION.
OUR CHILDREN'S SUMMER THEATER CAMP RETURNED FOR ITS 13TH SEASON WITH OVER 20 STUDENTS. STUDENTS PRESENTED AN ORIGINAL PRODUCTION THAT WAS WRITTEN AND DESIGNED BY THEM DURING THE TWO WEEKS. THIS PROJECT IS SUPPORTED BY SEVERAL GRANTS.
"HOW WE GOT ON" A SOUTHERN CALIFORNIA PREMIERE TOLD THE STORY OF 3 BLACK TEENS IN A MIDWESTERN SUBURB STRUGGLING WITH CULTURAL ISOLATION AND FAMILY PRESSURES IN THE EARLY 1990S. IT WAS OUR FIRST LIVE FULL PRODUCTION SINCE THE PANDEMIC. IT BEGAN REHEARSING IN 2021 BUT WAS PRESENTED IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Kosloski Business Manager Educaition | Officer | 40 | $44,500 |
Padraic Duffy Managing Director | Officer | 30 | $20,000 |
Michael Leggett Producing Director | Officer | 20 | $20,000 |
Bruno Oliver Board Member President | Trustee | 10 | $0 |
Paul Plunkett Board Member Secretary | Trustee | 5 | $0 |
Detra Payne Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,361 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,199 |
| Total Program Service Revenue | $75,451 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $263,168 |
| 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 | $437,818 |
| 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. | $96,166 |
| Compensation of current officers, directors, key employees. | $96,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,170 |
| Fees for services: Accounting | $2,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $291 |
| Office expenses | $11,401 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,455 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $24,956 |
| All other expenses | $12,390 |
| Total functional expenses | $412,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,477 |
| 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 | $65,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $262,369 |
| Accounts payable and accrued expenses | $0 |
| 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 | $159,848 |
| Other liabilities | $0 |
| Total liabilities | $159,848 |
| Net assets without donor restrictions | $102,521 |
| 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 | $262,369 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sacred Fools Theater has recieved totaling $294.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $294 |
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 |