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Nonprofiteer
← VILLAGE THEATRE

Form 990 for tax year 2024

Filed by VILLAGE THEATRE.

Totals

Total revenue
$15,526,632
Total expenses
$16,614,004
Contributions and grants received
$4,165,164
Grants paid
$0
Program service revenue
$10,698,613
Investment income
$117,730
Other revenue
$545,125
Total assets, end of year
$19,813,440
Total liabilities, end of year
$8,947,288
Net assets or fund balances, end of year
$10,866,152
Program services expenses (Part IX)
$14,390,002
Management and general expenses
$1,671,311
Fundraising expenses
$552,691
Program service expenses (Part III)
$14,390,002

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Adam Immerwahr

    Artistic Director

    Total calculated
    $268,918
    From this org
    $249,982
    From related orgs
    $0
    Other
    $18,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,982
    Bonus
    $0
    Other
    $0
    Deferred
    $7,496
    Nontaxable benefits
    $11,440
    Filer's total
    $268,918

  • Diane Wright

    Director of Finance

    Total calculated
    $159,577
    From this org
    $145,267
    From related orgs
    $0
    Other
    $14,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,267
    Bonus
    $0
    Other
    $0
    Deferred
    $4,471
    Nontaxable benefits
    $9,839
    Filer's total
    $159,577

  • Derek Watanabe

    Managing Director as of 8/2024

    Total calculated
    $156,924
    From this org
    $78,462
    From related orgs
    $0
    Other
    $78,462
    Hours/week
    40

  • Laura Lee

    Managing Director thru 5/2024

    Total calculated
    $143,754
    From this org
    $140,582
    From related orgs
    $0
    Other
    $3,172
    Hours/week
    40

  • Bradley Bixler

    Technical Director

    Total calculated
    $112,557
    From this org
    $100,121
    From related orgs
    $0
    Other
    $12,436
    Hours/week
    40

  • Jennifer Larson

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Tasha Lutfi

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Rachel McCall

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Dean Papastrat

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Jennifer Tice Walker

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Helen Goff

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Heather 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

  • Ann Snow

    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

  • James Ladd

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • 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

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 · Tax indemnification and gross-up payments
  • 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
Various directors within the organization are given discretionary budget accounts, as part of the budgeting process to cover unforeseen expenses that may arise withing their department. These directors include the Artistic Director, Managing Director, Director of Production, Director of Youth Education, Director of Marketing and Director of Development. Transfers from the discretionary budget accounts must be approved by management and given to the accounting department to transfer the funds from the discretionary general ledger budget account to the general ledger budget account that requires the needed funds.
Schedule J, Part I, Line 3
For the fiscal year ending 08/31/25, the organization's leadership's compensation, which consists of the Artistic Director and Managing Director, is reviewed and approved 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 08/31/2024, Laura Lee left Village Theatre and 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
2024
Filed
18 March 2026
IRS schema version
2024v5.0
Source object
202600779349300430

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