Form 990 for tax year 2023

Filed by VILLAGE THEATRE.

Totals

Total revenue: $11,510,912
Total expenses: $14,166,870
Contributions and grants received: $2,963,896
Grants paid: $0
Program service revenue: $8,051,741
Investment income: $160,101
Other revenue: $335,174
Total assets, end of year: $20,051,989
Total liabilities, end of year: $8,419,496
Net assets or fund balances, end of year: $11,632,493
Program services expenses (Part IX): $12,071,403
Management and general expenses: $1,526,615
Fundraising expenses: $568,852
Program service expenses (Part III): $12,071,403

Program services were 85.2% 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

$596,444
1d · Related organizations

$0
1e · Government grants (contributions)

$233,309
1f · All other contributions, gifts and grants

$2,134,143
1g · Noncash contributions included above

$26,958
2a · Program service revenue: Mainstage

total $6,654,874 · related or exempt $6,654,874 · unrelated business $0 · excluded $0
2b · Program service revenue: KIDSTAGE

total $1,151,673 · related or exempt $1,151,673 · unrelated business $0 · excluded $0
2c · Program service revenue: Village Originals

total $6,848 · related or exempt $6,848 · unrelated business $0 · excluded $0
2d · Program service revenue: Everett Performing Arts Center

total $238,346 · related or exempt $238,346 · 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 $159,441 · related or exempt $159,441 · unrelated business $0 · excluded $0
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 $215,427 · personal property $0
6b · Less rental expenses

real property $48,485 · personal property $0
6c · Rental income or loss

real property $166,942 · personal property $0
6d · Net rental income or loss

total $166,942 · related or exempt $166,942 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $660
7b · Less cost or other basis and sales expenses

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

securities $0 · other assets $660
7d · Net gain or loss

total $660 · related or exempt $660 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$189,690
8a · Fundraising events: contributions included on line 1c

$596,444
8b · Fundraising events: direct expenses

$86,612
8c · Net income from fundraising events

total $103,078 · unrelated business $0 · excluded $103,078
10a · Gross sales of inventory

$94,680
10b · Cost of goods sold

$30,056
10c · Net income from sales of inventory

total $64,624 · related or exempt $64,624 · unrelated business $0 · excluded $0
11a · Other revenue: Rebates and Recycling

total $530 · related or exempt $530 · unrelated business $0 · excluded $0
11d · All other revenue

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

$530

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 $659,860 · program services $368,034 · management and general $232,440 · fundraising $59,386
6 · Compensation of disqualified persons

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

total $7,690,511 · program services $6,774,301 · management and general $551,454 · fundraising $364,756
8 · Pension plan contributions

total $248,308 · program services $231,233 · management and general $12,233 · fundraising $4,842
9 · Other employee benefits

total $674,951 · program services $642,775 · management and general $17,315 · fundraising $14,861
10 · Payroll taxes

total $788,241 · program services $655,227 · management and general $90,749 · fundraising $42,265
11a · Fees: management

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

total $37,411 · program services $0 · management and general $37,411 · fundraising $0
11c · Fees: accounting

total $49,361 · program services $0 · management and general $49,361 · fundraising $0
11d · Fees: lobbying

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

total $0 · fundraising $0
11f · Fees: investment management

total $24,066 · program services $0 · management and general $24,066 · fundraising $0
11g · Fees: other

total $40 · fundraising $40
12 · Advertising and promotion

total $709,067 · program services $686,056 · management and general $12,729 · fundraising $10,282
13 · Office expenses

total $101,766 · program services $84,957 · management and general $16,258 · fundraising $551
14 · Information technology

total $276,590 · program services $45,502 · management and general $227,118 · fundraising $3,970
15 · Royalties

total $669,250 · program services $669,250 · management and general $0 · fundraising $0
16 · Occupancy

total $709,729 · program services $562,386 · management and general $139,091 · fundraising $8,252
17 · Travel

total $271,559 · program services $236,286 · management and general $13,996 · fundraising $21,277
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $32,327 · program services $6,099 · management and general $25,613 · fundraising $615
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 · fundraising $0
22 · Depreciation, depletion and amortization

total $457,437 · program services $385,268 · management and general $57,398 · fundraising $14,771
23 · Insurance

total $87,031 · program services $72,505 · management and general $4,759 · fundraising $9,767
24a · Other expenses: Sets and Costumes

total $395,164 · program services $395,141 · management and general $23 · fundraising $0
24b · Other expenses: Charge Card Fees

total $269,483 · program services $256,192 · management and general $13,291 · fundraising $0
24c · Other expenses: Fundraising Expenses

total $14,718 · program services $191 · management and general $1,310 · fundraising $13,217
24e · All other expenses

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 $206,544 · end of year $101,501
2 · Savings and temporary cash investments

beginning of year $3,388,430 · end of year $3,073,402
3 · Pledges and grants receivable

beginning of year $1,355,366 · end of year $1,100,235
4 · Accounts receivable

beginning of year $24,033 · end of year $20,709
9 · Prepaid expenses and deferred charges

beginning of year $1,064,854 · end of year $1,079,796
10a · Land, buildings and equipment: cost or other basis

$19,656,600
10b · Land, buildings and equipment: accumulated depreciation

$9,378,471
10c · Land, buildings and equipment, net

beginning of year $10,601,396 · end of year $10,278,129
11 · Investments: publicly traded securities

beginning of year $4,075,048 · end of year $3,935,669
15 · Other assets

beginning of year $528,459 · end of year $462,548
17 · Accounts payable and accrued expenses

beginning of year $919,255 · end of year $579,181
19 · Deferred revenue

beginning of year $3,450,148 · end of year $4,969,111
23 · Secured mortgages and notes payable

beginning of year $2,994,425 · end of year $2,871,204
27 · Net assets without donor restrictions

beginning of year $10,578,662 · end of year $7,851,761
28 · Net assets with donor restrictions

beginning of year $3,301,640 · end of year $3,780,732

Mission and programs · 2023

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 three musicals and two plays were produced from September to August at two venues in Issaquah and Everett, Washington. Attendance was 95,993 at 325 performances.

Expenses $10,137,095 · Revenue $6,654,874
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 help writers to develop ideas, create material, test drafts, provide feedback and receive dramaturgical support. Readings allow writers to hear their piece performed 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. During the fiscal year ending 8/31/24, Village Theatre hosted the Festival of New Musicals which spotlighted reading of four new musicals over three days. Total attendance at the festival readings was 1,170.

Expenses $260,063 · Revenue $6,848
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 2,281 students. KIDSTAGE produced 6 musicals throughout the year between both locations. An audience of 8,670 attended 58 performances. Some of the performance opportunities are provided at no cost to the students, while others are tuition based with scholarships available.

Expenses $1,601,248 · Revenue $1,151,673
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 7,324 patrons and students attended events at the facility during 2023/2024.

Expenses $72,997 · Revenue $238,346

As filed on the 2023 return.

Listed in Part VII

Adam Immerwahr

Artistic Director

Total calculated

$246,244

From this org

$234,520

From related orgs

$0

Other

$11,724

Hours/week

40

Schedule J breakdown matched by us

Base

$234,520

Bonus

$0

Other

$0

Deferred

$2,788

Nontaxable benefits

$8,936

Filer's total

$246,244
Laura Lee

Managing Director thru 5/24

Total calculated

$211,944

From this org

$208,672

From related orgs

$0

Other

$3,272

Hours/week

40

Schedule J breakdown matched by us

Base

$173,826

Bonus

$0

Other

$34,846

Deferred

$3,272

Nontaxable benefits

$0

Filer's total

$211,944
Diane Wright

Director of Finance

Total calculated

$156,459

From this org

$128,934

From related orgs

$0

Other

$27,525

Hours/week

40

Schedule J breakdown matched by us

Base

$128,934

Bonus

$0

Other

$0

Deferred

$4,369

Nontaxable benefits

$23,156

Filer's total

$156,459
Julie Bailey

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
Bruce Wanta

Vice President

Total calculated

$0

Hours/week

5
Aaron Coe

Treasurer

Total calculated

$0

Hours/week

5
Judy Yu

Secretary

Total calculated

$0

Hours/week

5
James Ladd

Board Member

Total calculated

$0

Hours/week

3
Helen Goff

Board Member

Total calculated

$0

Hours/week

3
Eric Emans

Board Member

Total calculated

$0

Hours/week

3
Alison Suttles

Board Member

Total calculated

$0

Hours/week

3
Lydia Rapidah

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
Trina Nguyen

Board Member

Total calculated

$0

Hours/week

3
Margaret Holsinger

Board Member

Total calculated

$0

Hours/week

3
Judd Lee

Board Member

Total calculated

$0

Hours/week

3
Gwendolyn King

Board Member

Total calculated

$0

Hours/week

3
Jill Klinge

Board Member

Total calculated

$0

Hours/week

3
Derek Watanabe

Managing Director eff 8/24

Total calculated

$0

Hours/week

40

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
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
4c · Equity-based compensation arrangement

Answered no

4b · Supplemental nonqualified retirement plan
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: Various directors within the organization are given discretionary budget accounts, as part of the budgeting process to cover unforeseen expenses that may arise. These directors include the Artistic Director, Managing Director, Director of Production, Director of Youth Education and Director of Marketing. Transfers must be approved by management and given to Accounting to transfer the funds from the discretionary general ledger account to the account that requires the needed funds.
Schedule J, Part I, Line 3: For the fiscal year ending 8/31/24, the organization's leadership's compensation, which consists of the Artistic Director and Managing Director, is reviewed by the board of directors. A compensation committee evaluates their salaries at comparable theatres using salary surveys 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 compensation are presented to the finance committee for review as part of the annual budgeting process, which is ultimately approved by the full board.
Schedule J, Part I, Line 4: During the year ending 08/31/24, Laura Lee received a severance payment in the amount of $34,846.

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: 2023
Filed: 24 April 2025
IRS schema version: 2023v6.0
Source object: 202511159349300111

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.