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Nonprofiteer
← ACT MARKET STREET INC

Form 990 for tax year 2022

Filed by ACT MARKET STREET INC.

Totals

Total revenue
$348,689
Total expenses
$767,547
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$8,471
Other revenue
$340,218
Total assets, end of year
$25,559,347
Total liabilities, end of year
$2,452,673
Net assets or fund balances, end of year
$23,106,674
Program services expenses (Part IX)
$767,547
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$767,547

Program services were 100.0% 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.

  • 3 · Investment income

    total $8,471 · excluded $8,471

  • 6a · Gross rents

    real property $12,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,000

  • 6d · Net rental income or loss

    total $12,000 · excluded $12,000

  • 11a · Other revenue: PROPERTY TAX REFUND

    total $328,218 · excluded $328,218

  • 11e · Other revenue, total

    $328,218

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $12,609 · program services $12,609

  • 22 · Depreciation, depletion and amortization

    total $754,938 · program services $754,938

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $31,597,559

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,038,312

  • 10c · Land, buildings and equipment, net

    beginning of year $26,314,185 · end of year $25,559,247

  • 15 · Other assets

    beginning of year $100 · end of year $100

  • 25 · Other liabilities

    beginning of year $2,788,753 · end of year $2,452,673

  • 27 · Net assets without donor restrictions

    beginning of year $23,525,532 · end of year $23,106,674

Mission and programs · 2022

Mission

SEE SCHEDULE OTHE SPECIFIC PURPOSE OF THE ACT MARKET STREET IS TO PERFORM THE CHARITABLE FUNCTIONS OF AND CARRY OUT THE CHARITABLE PURPOSES OF AMERICAN CONSERVATORY THEATRE FOUNDATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION. ACT MARKET STREET IS A SUPPORTING ORGANIZATION CONTROLLED BY AMERICAN CONSERVATORY THEATRE FOUNDATION, AS SPECIFIED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

PERFORM CHARITABLE FUNCTIONS OF AND CARRY OUT THE CHARITABLE PURPOSES OF ACT FOUNDATION.

  • FOR THE BENEFIT OF AMERICAN CONSERVATORY THEATRE FOUNDATION.

    Expenses $767,547

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

Listed in Part VII

  • Jennifer Bielstein

    EXECUTIVE DIRECTOR/PRESIDENT

    Total calculated
    $428,589
    From this org
    $0
    From related orgs
    $411,221
    Other
    $17,368
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,221 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $11,268 related
    Filer's total
    $0 + $428,589 related

  • Pamela MacKinnon

    TREASURER

    Total calculated
    $413,497
    From this org
    $0
    From related orgs
    $400,638
    Other
    $12,859
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,638 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $6,759 related
    Filer's total
    $0 + $413,497 related

  • Louisa Liska

    SECRETARY

    Total calculated
    $173,158
    From this org
    $0
    From related orgs
    $155,660
    Other
    $17,498
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,660 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,374 related
    Nontaxable benefits
    $0 + $14,124 related
    Filer's total
    $0 + $173,158 related

  • Celeste Ford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Priscilla Geeslin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kirke Hasson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeffrey S Minick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 15 related

  • Steven Swig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Sivori

    CHIEF FINANCIAL OFFICER

    Total calculated
    $184,698
    From this org
    $0
    From related orgs
    $184,034
    Other
    $664
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,034 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $664 related
    Filer's total
    $0 + $184,698 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 3
ACT MARKET STREET RELIES ON AMERICAN CONSERVATORY THEATRE FOUNDATION, A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION FOR THE PRESIDENT/ EXECUTIVE DIRECTOR, SECRETARY, AND TREASURER USING ONE OR MORE OF THE METHODS DESCRIBED ON SCHEDULE J, PART I, LINE 3.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411369349306716

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