Form 990 for tax year 2022

Filed by VILLAGE THEATRE.

Totals

Total revenue: $11,836,538
Total expenses: $15,736,523
Contributions and grants received: $3,641,321
Grants paid: $0
Program service revenue: $7,748,240
Investment income: $204,116
Other revenue: $242,861
Total assets, end of year: $21,244,130
Total liabilities, end of year: $7,363,828
Net assets or fund balances, end of year: $13,880,302
Program services expenses (Part IX): $13,494,916
Management and general expenses: $1,435,399
Fundraising expenses: $806,208
Program service expenses (Part III): $13,494,916

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$554,406
1d · Related organizations

$0
1e · Government grants (contributions)

$1,221,602
1f · All other contributions, gifts and grants

$1,865,313
1g · Noncash contributions included above

$36,810
2a · Program service revenue: Mainstage

total $6,381,250 · related or exempt $6,381,250 · unrelated business $0 · excluded $0
2b · Program service revenue: KIDSTAGE

total $1,153,143 · related or exempt $1,153,143 · unrelated business $0 · excluded $0
2c · Program service revenue: Village Originals

total $32,197 · related or exempt $32,197 · unrelated business $0 · excluded $0
2d · Program service revenue: Everett Performing Arts Center

total $181,650 · related or exempt $181,650 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $203,016 · related or exempt $0 · unrelated business $0 · excluded $203,016
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $211,476 · personal property $0
6b · Less rental expenses

real property $47,739 · personal property $0
6c · Rental income or loss

real property $163,737 · personal property $0
6d · Net rental income or loss

total $163,737 · related or exempt $163,737 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $1,100
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $1,100
7d · Net gain or loss

total $1,100 · related or exempt $1,100 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$175,461
8a · Fundraising events: contributions included on line 1c

$7,779
8b · Fundraising events: direct expenses

$167,682
8c · Net income from fundraising events

total $7,779 · unrelated business $0 · excluded $7,779
10a · Gross sales of inventory

$107,685
10b · Cost of goods sold

$36,340
10c · Net income from sales of inventory

total $71,345 · related or exempt $0 · unrelated business $0 · excluded $71,345
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $547,058 · program services $280,371 · management and general $216,418 · fundraising $50,269
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $8,795,259 · program services $7,740,934 · management and general $508,206 · fundraising $546,119
8 · Pension plan contributions

total $274,571 · program services $256,184 · management and general $8,579 · fundraising $9,808
9 · Other employee benefits

total $778,231 · program services $739,796 · management and general $27,569 · fundraising $10,866
10 · Payroll taxes

total $796,119 · program services $679,980 · management and general $71,939 · fundraising $44,200
11a · Fees: management

total $40,091 · program services $0 · management and general $40,091 · fundraising $0
11b · Fees: legal

total $23,552 · program services $0 · management and general $23,552 · fundraising $0
11c · Fees: accounting

total $52,189 · program services $0 · management and general $52,189 · fundraising $0
11d · Fees: lobbying

total $17,831 · program services $0 · management and general $17,831 · fundraising $0
11e · Fees: professional fundraising services

total $7,431 · fundraising $7,431
11f · Fees: investment management

total $23,023 · program services $0 · management and general $23,023 · fundraising $0
11g · Fees: other

total $0 · program services $0 · fundraising $0
12 · Advertising and promotion

total $944,215 · program services $907,491 · management and general $13,735 · fundraising $22,989
13 · Office expenses

total $180,511 · program services $153,105 · management and general $23,365 · fundraising $4,041
14 · Information technology

total $275,535 · program services $62,719 · management and general $202,901 · fundraising $9,915
15 · Royalties

total $575,956 · program services $575,956
16 · Occupancy

total $657,080 · program services $530,023 · management and general $118,197 · fundraising $8,860
17 · Travel

total $300,179 · program services $257,736 · management and general $8,947 · fundraising $33,496
19 · Conferences, conventions and meetings

total $13,905 · program services $10,809 · management and general $2,157 · fundraising $939
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0
22 · Depreciation, depletion and amortization

total $439,883 · program services $368,325 · management and general $57,005 · fundraising $14,553
23 · Insurance

total $79,117 · program services $65,392 · management and general $4,225 · fundraising $9,500
24a · Other expenses: Youth Outreach

total $106,353 · program services $104,998 · management and general $1,355 · fundraising $0
24b · Other expenses: Charge card fees

total $225,443 · program services $222,336 · management and general $3,107 · fundraising $0
24c · Other expenses: Sets and Costumes

total $536,166 · program services $536,108 · management and general $58 · fundraising $0
24d · Other expenses: Fundraising

total $46,825 · program services $2,653 · management and general $10,950 · fundraising $33,222
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $185,793 · end of year $206,544
2 · Savings and temporary cash investments

beginning of year $9,627,767 · end of year $3,388,430
3 · Pledges and grants receivable

beginning of year $715,134 · end of year $1,355,366
4 · Accounts receivable

beginning of year $54,313 · end of year $24,033
9 · Prepaid expenses and deferred charges

beginning of year $827,707 · end of year $1,064,854
10a · Land, buildings and equipment: cost or other basis

$19,507,443
10b · Land, buildings and equipment: accumulated depreciation

$8,906,047
10c · Land, buildings and equipment, net

beginning of year $10,421,020 · end of year $10,601,396
11 · Investments: publicly traded securities

beginning of year $2,299,502 · end of year $4,075,048
15 · Other assets

beginning of year $15,000 · end of year $528,459
17 · Accounts payable and accrued expenses

beginning of year $635,634 · end of year $919,255
19 · Deferred revenue

beginning of year $3,414,646 · end of year $3,450,148
23 · Secured mortgages and notes payable

beginning of year $2,515,597 · end of year $2,994,425
27 · Net assets without donor restrictions

beginning of year $14,605,085 · end of year $10,578,662
28 · Net assets with donor restrictions

beginning of year $2,975,274 · end of year $3,301,640

Mission and programs · 2022

Mission

To be a regionally recognized and nationally influential center of excellence in family theatre: to promote a season of top quality productions; to commission and produce new musicals that achieve national exposure; to train young people in theatre skills for career opportunities and enriched lives; to develop a broad based appreciation for live theatre; to promote positive values through art.

Activities or mission (Part I)

To inspire and enlighten audiences in the Pacific Northwest through professional, top quality live theatre productions; train young people in theatre skills for enriched lives; and support the growth of the musical theatre art form through the development of relevant and significant new works.

Mainstage productions focus on excellence in family theatre, developing a broad based appreciation for live theatre and promoting positive values through art. A Mainstage season consisting of a four musicals and one play were produced from September to August at two venues in Issaquah and Everett, Washington. Attendance was 101,116 at 327 performances.

Expenses $10,727,278 · Revenue $6,381,250
Village Originals is a mission-driven program to commission and produce new musicals that achieve national exposure. Through the Village Originals program, new works are produced to various degrees in collaboration with the show's creators. This process helps to foster the growth of new musicals in America and around the world. Village Theatre is one of only a handful of professional theatre companies throughout the country that commissions and develops new musicals. Village Theatre's reputation in this arena continues to grow on a national and international level. Writer's Residencies helps writers to develop ideas, create material, test drafts, provide feedback and receive dramaturgical support. Readings allow writers to hear their piece preformed by professional actors without sets or costumes. Developmental Productions allow the writers to see their piece on stage and in front of an audience with limited sets and costumes. One Development Production was produced during the 2022/2023 season with 7 performances and 1,221 attendees.

Expenses $712,432 · Revenue $32,197
KIDSTAGE trains young people in theatre skills for career opportunities and enriched lives by offering classes and performance opportunities. KIDSTAGE education programs consist of year-round classes and camps; and performance opportunities in two locations: Issaquah and Everett, Washington. Enrollment in classes was approximately 2,380 students. KIDSTAGE produced 10 musicals throughout the year between both locations. An audience of 10,366 attended 84 performances. Some of the performance opportunities are provided at no cost to the students, while others are tuition based with scholarships available.

Expenses $2,003,875 · Revenue $1,153,143
The Everett Performing Arts Center is a separate live theatre facility located in Everett, WA. In addition to our Mainstage productions Village Theatre facilitates a variety of on-stage experiences for Everett audiences, including local chorale groups and children's plays. Expenses include direct expenses associated only with outside arts programming and do not include expenses for Village Theatre programs which are required under the management contract with the City of Everett and which are included elsewhere in the program/service accomplishments. Approximately XXXXX patrons and students attended events at the facility during 2022/2023.

Expenses $51,331 · Revenue $181,650

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Robert W Hunt

Executive Producer

Total calculated

$160,457

From this org

$148,285

From related orgs

$0

Other

$12,172

Hours/week

40

Schedule J breakdown matched by us

Base

$138,285

Bonus

$0

Other

$10,000

Deferred

$4,202

Nontaxable benefits

$7,970

Filer's total

$160,457
Frank Stilwagner

Director of Advancement

Total calculated

$151,198

From this org

$125,730

From related orgs

$0

Other

$25,468

Hours/week

40

Schedule J breakdown matched by us

Base

$90,850

Bonus

$0

Other

$34,880

Deferred

$4,074

Nontaxable benefits

$21,395

Filer's total

$151,199
Diane Wright

Director of Finance

Total calculated

$141,769

From this org

$115,985

From related orgs

$0

Other

$25,784

Hours/week

40
Adam Immerwahr

Artistic Director

Total calculated

$131,951

From this org

$130,449

From related orgs

$0

Other

$1,502

Hours/week

40
James Markham

Director of Production

Total calculated

$105,960

From this org

$101,174

From related orgs

$0

Other

$4,786

Hours/week

40
Laura Lee

Managing Director

Total calculated

$91,954

From this org

$91,954

From related orgs

$0

Other

$0

Hours/week

40
Lydia Rapidah

Board Member

Total calculated

$0

Hours/week

3
Aaron Coe

Board Member

Total calculated

$0

Hours/week

3
Gwendolyn King

Board Member

Total calculated

$0

Hours/week

3
Leslie Peng

Board Member

Total calculated

$0

Hours/week

3
Trina Schurman

Board Member

Total calculated

$0

Hours/week

3
Todd Thull

Board Member

Total calculated

$0

Hours/week

3
Don Weston

Board Member

Total calculated

$0

Hours/week

3
Eric Emans

Board Member

Total calculated

$0

Hours/week

3
William McSherry

Board Member

Total calculated

$0

Hours/week

3
James Ladd

Board Member

Total calculated

$0

Hours/week

5
Jill Klinge

President

Total calculated

$0

Hours/week

5
Julie Bailey

President Elect

Total calculated

$0

Hours/week

5
Bruce Wanta

Vice President

Total calculated

$0

Hours/week

5
Twyla Lucas

Vice President Strategic Fundraising

Total calculated

$0

Hours/week

5
John Seethoff

Vice President Governance

Total calculated

$0

Hours/week

5
J Patrick Ostrander

Treasurer

Total calculated

$0

Hours/week

5
Judy Yu

Secretary

Total calculated

$0

Hours/week

5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Discretionary spending account
1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Form 990 of other organizations
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment

Answered no

4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a: The Artistic Director, Managing Director and Director of Production are given discretionary budget accounts as part of the budgeting process to cover unforeseen expenses that may arise. Transfers must be approved by management and then given to Accounting to transfer the funds from the discretionary general ledger account to the account that requires the needed funds. A relocation expense reimbursement was included as part of the Artistic Director's Employment Agreement for up to $10,000. Receipts were submitted to the Director of Finance for approval before reimbursements were processed. Certain stipulations are included for repayment if the Artistic Director leaves employment within two years of signing their contract.
Schedule J, Part I, Line 3: For the fiscal year ending 8/31/23, the organizations leadership, which consists of the Artistic Director and Managing Director, are reviewed by the Board of Directors. A compensation committee evaluates their salaries at comparable theatres in the National Alliance for Musical Theatre salary survey and selected 990 tax returns for regional theatres in the Seattle area and around the country. The committee brings their compensation recommendations to the full Board for approval. Other key employee's salaries are presented at the finance committee for review as part of the annual budgeting process which is approved by the full Board.
Schedule J, Part I, Line 4: In October 2022, Frank Stilwagner left the organization and received a severance payment in the amount of $34,880.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 1 July 2024
IRS schema version: 2022v5.0
Source object: 202401839349300345

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