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Nonprofiteer
← THEATREWORKS SILICON VALLEY

Form 990 for tax year 2022

Filed by THEATREWORKS SILICON VALLEY.

What the amendment changed

Compared with the return it replaced , filed 14 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$5,336,678 changed to $5,820,687
Total expenses
$9,489,148 changed to $9,461,038
Contributions and grants received
$2,475,538 changed to $2,475,536
Program service revenue
$2,564,218 changed to $3,048,230
Other revenue
$150,374 changed to $150,373
Total assets, end of year
$6,207,270 changed to $7,556,476
Total liabilities, end of year
$3,575,724 changed to $4,312,867
Net assets or fund balances, end of year
$2,631,546 changed to $3,243,609
Program services expenses
$5,333,022 changed to $4,744,786
Management and general expenses
$3,426,488 changed to $4,017,210
Fundraising expenses
$729,638 changed to $699,042
Program service expenses (Part III)
$5,333,022 changed to $4,744,786

Totals

Total revenue
$5,820,687
Total expenses
$9,461,038
Contributions and grants received
$2,475,536
Grants paid
$0
Program service revenue
$3,048,230
Investment income
$146,548
Other revenue
$150,373
Total assets, end of year
$7,556,476
Total liabilities, end of year
$4,312,867
Net assets or fund balances, end of year
$3,243,609
Program services expenses (Part IX)
$4,744,786
Management and general expenses
$4,017,210
Fundraising expenses
$699,042
Program service expenses (Part III)
$4,744,786

Program services were 50.2% 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.

  • 1c · Fundraising events

    $211,288

  • 1e · Government grants (contributions)

    $20,000

  • 1f · All other contributions, gifts and grants

    $2,244,248

  • 1g · Noncash contributions included above

    $246,988

  • 2a · Program service revenue: TICKETS AND SUB SALES

    total $3,048,230 · related or exempt $3,048,230

  • 3 · Investment income

    total $146,548 · excluded $146,548

  • 5 · Royalties

    total $357 · excluded $357

  • 6a · Gross rents

    real property $68,676

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $68,676

  • 6d · Net rental income or loss

    total $68,676 · excluded $68,676

  • 8a · Fundraising events: gross income

    $94,499

  • 8a · Fundraising events: contributions included on line 1c

    $211,288

  • 8b · Fundraising events: direct expenses

    $78,993

  • 8c · Net income from fundraising events

    total $15,506 · excluded $15,506

  • 10a · Gross sales of inventory

    $1,599

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,599 · excluded $1,599

  • 11a · Other revenue: MISC INCOME

    total $64,235 · excluded $64,235

  • 11e · Other revenue, total

    $64,235

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $427,180 · program services $214,234 · management and general $181,383 · fundraising $31,563

  • 7 · Other salaries and wages

    total $3,231,990 · program services $2,272,076 · management and general $693,793 · fundraising $266,121

  • 9 · Other employee benefits

    total $520,636 · program services $41,651 · management and general $416,509 · fundraising $62,476

  • 10 · Payroll taxes

    total $356,881 · program services $28,550 · management and general $285,505 · fundraising $42,826

  • 11c · Fees: accounting

    total $432,337 · management and general $432,337

  • 11g · Fees: other

    total $1,208,098 · program services $625,087 · management and general $562,287 · fundraising $20,724

  • 12 · Advertising and promotion

    total $88,664 · management and general $88,664

  • 13 · Office expenses

    total $18,638 · management and general $18,638

  • 14 · Information technology

    total $123,610 · management and general $123,610

  • 15 · Royalties

    total $237,844 · program services $237,844

  • 16 · Occupancy

    total $1,072,244 · program services $629,025 · management and general $202,905 · fundraising $240,314

  • 17 · Travel

    total $332,598 · program services $217,697 · management and general $114,901

  • 20 · Interest

    total $15,547 · management and general $15,547

  • 22 · Depreciation, depletion and amortization

    total $66,716 · program services $5,337 · management and general $53,373 · fundraising $8,006

  • 23 · Insurance

    total $37,306 · management and general $37,306

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $1,230,749 · program services $473,285 · management and general $730,452 · fundraising $27,012

  • 24b · Other expenses: BAD DEBT

    total $60,000 · management and general $60,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $115 · end of year $998,044

  • 2 · Savings and temporary cash investments

    beginning of year $2,548,574 · end of year $1,192,067

  • 3 · Pledges and grants receivable

    beginning of year $633,928 · end of year $189,441

  • 4 · Accounts receivable

    beginning of year $50,154 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $930,414 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $218,318 · end of year $79,681

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

    $3,600,191

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

    $3,474,020

  • 10c · Land, buildings and equipment, net

    beginning of year $188,494 · end of year $126,171

  • 11 · Investments: publicly traded securities

    beginning of year $2,290,244 · end of year $2,646,070

  • 12 · Investments: other securities

    beginning of year $1,450,515 · end of year $0

  • 15 · Other assets

    beginning of year $63,063 · end of year $2,325,002

  • 17 · Accounts payable and accrued expenses

    beginning of year $603,912 · end of year $1,041,392

  • 19 · Deferred revenue

    beginning of year $913,715 · end of year $1,197,332

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $600,000

  • 25 · Other liabilities

    beginning of year $29,935 · end of year $1,474,143

  • 27 · Net assets without donor restrictions

    beginning of year -$156,283 · end of year -$1,996,953

  • 28 · Net assets with donor restrictions

    beginning of year $6,982,540 · end of year $5,240,562

Mission and programs · 2022

Mission

TO PRESENT THEATRICAL PRODUCTIONS THAT CELEBRATE THE HUMAN SPIRIT THROUGH INNOVATIVE PRODUCTIONS, NEW WORKS, AND EDUCATIONAL PROGRAMS INSPIRED BY AND ENGAGING TO OUR DIVERSE SILICON VALLEY COMMUNITY.

Activities or mission (Part I)

OUR WORK CELEBRATES THE HUMAN SPIRIT THROUGH INNOVATIVE PRODUCTIONS, NEW WORKS, AND EDUCATION PROGRAMS INSPIRED BY AND ENGAGING OUR DIVERSE SILICON VALLEY COMMUNITY.

  • MAIN STAGE PRODUCTIONS: IN FY23/SEASON 52, THEATREWORKS SILICON VALLEY PRODUCED SIX PRODUCTIONS WHICH INCLUDED A MIX OF CLASSICS, MUSICALS, CONTEMPORARY HITS, AND NEW WORKS INCLUDING A WEST COAST PREMIERE (IN EVERY GENERATION) AND A WORLD PREMIERE (A DISTINCT SOCIETY). THE THEATRE'S ART REFLECTS ITS CORE VALUES OF ARTISTIC EXCELLENCE, DIVERSITY, INNOVATION, COLLABORATION AND CELEBRATING THE HUMAN SPIRIT. THEATREWORKS PERFORMS IN TWO PENINSULA VENUES: MOUNTAIN VIEW CENTER FOR THE PERFORMING ARTS ("MVCPA") AND LUCIE STERN THEATRE IN PALO ALTO. THE THEATRE IS A LORT C PROFESSIONAL THEATRE AT LUCIE STERN THEATRE AND A LORT B AT THE MVCPA. BOTH ARE AN INDICATION OF THE CALIBER OF ARTISTS IT HIRES AND A RANK SHARED WITH LESS THAN 50 REGIONAL THEATRES NATIONWIDESPIRIT.

    Expenses $4,317,755 · Revenue $2,989,124

  • NEW WORKS INITIATIVE: THEATREWORKS HAS BECOME A THEATRE OF NATIONAL SIGNIFICANCE THROUGH ITS COMMITMENT TO NEW WORKS. THE THEATRE HAS PRODUCED OVER 70 WORLD PREMIERES. THE NEW WORKS INITIATIVE INCORPORATES ALL ASPECTS OF THE DEVELOPMENT PROCESS: STAGED READINGS AN ANNUAL WRITER'S RETREAT FOR PLAYWRIGHTS, COMPOSERS, AND LYRICISTS AN ANNUAL PUBLIC NEW WORKS FESTIVAL ARTIST COMMISSIONS AND FULL PRODUCTIONS OF WORLD PREMIERES. THEATREWORKS HAS CONTRIBUTED TO THE DEVELOPMENT OF OVER 100 NEW WORKS THROUGH THE NEW WORKS INITIATIVE, MANY OF WHICH HAVE BEEN PRODUCED ON ITS MAIN STAGE. AS A RESULT OF THE INITIATIVE, THEATREWORKS HAS GROWN FROM A THEATRE WITH AN IDEA FOR A UNIQUE DEVELOPMENTAL PROGRAM FOR NEW MUSIC THEATER TO A MAJOR PLAYER ON THE NATIONAL SCENE IN DEVELOPING AND PRODUCING WORLD PREMIERES.

    Expenses $284,687 · Revenue $16,790

  • ARTS EDUCATION PROGRAMS:STUDENT MATINEES: THEATREWORKS OFFERS LOW-COST DAYTIME PERFORMANCES FOR SCHOOL GROUPS AND YOUTH IN OUR COMMUNITY. BEFORE THE SHOW, EDUCATORS RECEIVE A GUIDEBOOK FULL OF INFORMATION AND ACTIVITIES TO CONNECT THE ART ONSTAGE TO THE WORK IN THEIR CLASSROOM. AFTER THE SHOW, THEATREWORKS HOSTS A TALK-BACK BETWEEN THE CAST AND THE STUDENT AUDIENCE. STUDENT MATINEES ARE $10 EACH; CHAPERONES ARE FREE. COMMUNITY ENGAGEMENT PROGRAMS INCLUDE THE CHILDREN'S HEALING PROJECT, A UNIQUE ARTS HEALING PROGRAM AT THE LUCILE PACKARD CHILDREN'S HOSPITAL AND THE PROFESSIONAL INTERNSHIP PROGRAM. AUDIENCE ENRICHMENT OPPORTUNITIES INCLUDE DISCUSSION WEDNESDAYS, A POST SHOW DISCUSSION BETWEEN AUDIENCE MEMBERS AND THE CAST, AND SHOW SPECIFIC BEHIND-THE-SCENES E-NEWSLETTERS. THE DIRECTORS SERIES: THE PLAYS ON OUR STAGE ARE IN CONVERSATION WITH EACH OTHER, TO TELL A STORY OF WHO WE ARE. THE DIRECTORS SERIES INVITES OUR DIRECTORS TO BE IN CONVERSATION ABOUT THEIR WORK, WHAT MOVES THEM, AND HOW THEY INSPIRE EACH OTHER.

    Expenses $142,344 · Revenue $42,316

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

Listed in Part VII

  • Tim Bond

    ARTISTIC DIRECTOR

    Total calculated
    $251,463
    From this org
    $240,818
    From related orgs
    $0
    Other
    $10,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,818
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,645
    Filer's total
    $251,463

  • Philip Santora

    EXECUTIVE DIRECTOR (THRU 09/22)

    Total calculated
    $203,643
    From this org
    $202,269
    From related orgs
    $0
    Other
    $1,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,442
    Bonus
    $0
    Other
    $17,827
    Deferred
    $0
    Nontaxable benefits
    $1,374
    Filer's total
    $203,643

  • Debbie Chinn

    EXECUTIVE DIRECTOR (AS OF 11/22)

    Total calculated
    $38,484
    From this org
    $38,484
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alejandra Cisneros

    DIRECTOR OF ARTS ENGAGEMENT

    Total calculated
    $105,379
    From this org
    $105,379
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Clayton Shelvin

    DEVELOPMENT DIRECTOR (THRU 08/22)

    Total calculated
    $120,210
    From this org
    $118,510
    From related orgs
    $0
    Other
    $1,700
    Hours/week
    40

  • Peter Chenot

    MARKETING DIRECTOR (THRU 02/23)

    Total calculated
    $138,358
    From this org
    $122,613
    From related orgs
    $0
    Other
    $15,745
    Hours/week
    40

  • Karen Szpaller

    PRODUCTION DIRECTOR

    Total calculated
    $111,310
    From this org
    $111,310
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Holly Ward

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Mark Greenstein

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Wynne Segal Dubovoy

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Matt Fuller

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Adam Bank

    BOARD MEMBER (THRU 09/22)

    Total calculated
    $0
    Hours/week
    2

  • Alex Perez

    BOARD MEMBER (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    2

  • Barbara Shapiro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Daniel Shiplacoff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Derry Kabcenell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Elisa Marina Alvarado

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gary Stanford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gayla Lorthridge Wood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jane Weston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jayne Booker

    BOARD MEMBER (THRU 03/23)

    Total calculated
    $0
    Hours/week
    2

  • Julie Kaufman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Katie Blodgett

    BOARD MEMBER (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    2

  • Kristina Vetter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lynn Szekely

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Vershel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mrigendra Steiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nancy Ginsburg Stern

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peggy Woodford Forbes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rose Hau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sarah Donaldson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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
12 May 2025
IRS schema version
2022v5.0
Source object
202521349349302907

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