Form 990 for tax year 2023

Filed by THE PHOENIX THEATRE COMPANY.

Totals

Total revenue: $12,349,032
Total expenses: $14,481,965
Contributions and grants received: $4,213,588
Grants paid: $0
Program service revenue: $7,933,821
Investment income: $831,915
Other revenue: -$630,292
Total assets, end of year: $49,709,694
Total liabilities, end of year: $14,437,063
Net assets or fund balances, end of year: $35,272,631
Program services expenses (Part IX): $11,481,039
Management and general expenses: $2,145,579
Fundraising expenses: $855,347
Program service expenses (Part III): $11,481,039

Program services were 79.3% 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

$763,669
1e · Government grants (contributions)

$64,500
1f · All other contributions, gifts and grants

$3,385,419
1g · Noncash contributions included above

$17,500
2a · Program service revenue: PERFORMANCE PROGRAMING

total $7,708,249 · related or exempt $7,708,249
2b · Program service revenue: CAMP REVENUE

total $225,572 · related or exempt $225,572
3 · Investment income

total $831,663 · excluded $831,663
6a · Gross rents

real property $234,529
6b · Less rental expenses

real property $752,066
6c · Rental income or loss

real property -$517,537
6d · Net rental income or loss

total -$517,537 · related or exempt -$258,769 · unrelated business -$258,768
7a · Gross sales of assets other than inventory

other assets $252
7b · Less cost or other basis and sales expenses

other assets $0
7c · Gain or loss

other assets $252
7d · Net gain or loss

total $252 · related or exempt $252
8a · Fundraising events: gross income

$62,590
8a · Fundraising events: contributions included on line 1c

$763,669
8b · Fundraising events: direct expenses

$194,116
8c · Net income from fundraising events

total -$131,526 · excluded -$131,526
10a · Gross sales of inventory

$18,771
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $18,771 · related or exempt $18,771

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $533,672 · program services $160,102 · management and general $186,785 · fundraising $186,785
7 · Other salaries and wages

total $4,197,835 · program services $2,907,804 · management and general $1,071,682 · fundraising $218,349
8 · Pension plan contributions

total $64,808 · program services $48,315 · management and general $15,664 · fundraising $829
9 · Other employee benefits

total $164,979 · program services $109,249 · management and general $43,216 · fundraising $12,514
10 · Payroll taxes

total $598,246 · program services $388,346 · management and general $158,609 · fundraising $51,291
11c · Fees: accounting

total $33,349 · management and general $33,349
11e · Fees: professional fundraising services

total $58,220 · fundraising $58,220
11g · Fees: other

total $266,786 · program services $174,318 · management and general $92,468
12 · Advertising and promotion

total $1,331,099 · program services $1,326,019 · management and general $5,080
13 · Office expenses

total $30,073 · program services $16,888 · management and general $13,185
14 · Information technology

total $482,781 · program services $304,311 · management and general $85,069 · fundraising $93,401
15 · Royalties

total $532,209 · program services $532,209
16 · Occupancy

total $343,693 · program services $212,426 · management and general $87,511 · fundraising $43,756
17 · Travel

total $341,961 · program services $327,845 · management and general $14,116
20 · Interest

total $10,136 · program services $10,136
22 · Depreciation, depletion and amortization

total $469,683 · program services $399,231 · management and general $46,968 · fundraising $23,484
23 · Insurance

total $283,783 · program services $184,215 · management and general $75,237 · fundraising $24,331
24a · Other expenses: PRODUCTION CONTRACTORS

total $2,634,991 · program services $2,634,991
24b · Other expenses: PRODUCTION MATERIAL

total $487,789 · program services $487,789
24c · Other expenses: FOOD AND BEVERAGE

total $451,624 · program services $451,624
24d · Other expenses: LOSS ON WRITE-OFF OF PR

total $350,000 · program services $350,000
24e · All other expenses

total $814,248 · program services $455,221 · management and general $216,640 · fundraising $142,387

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $20,335,613 · end of year $309,875
2 · Savings and temporary cash investments

end of year $13,183,646
3 · Pledges and grants receivable

beginning of year $2,807,522 · end of year $1,122,586
8 · Inventories for sale or use

beginning of year $60,353 · end of year $60,353
9 · Prepaid expenses and deferred charges

beginning of year $342,787 · end of year $356,853
10a · Land, buildings and equipment: cost or other basis

$25,692,762
10b · Land, buildings and equipment: accumulated depreciation

$3,534,358
10c · Land, buildings and equipment, net

beginning of year $13,743,319 · end of year $22,158,404
14 · Intangible assets

beginning of year $73,127 · end of year $73,127
15 · Other assets

beginning of year $12,602,078 · end of year $12,444,850
17 · Accounts payable and accrued expenses

beginning of year $702,039 · end of year $2,266,876
19 · Deferred revenue

beginning of year $2,265,190 · end of year $2,752,964
23 · Secured mortgages and notes payable

beginning of year $7,645,899 · end of year $7,441,391
24 · Unsecured notes and loans payable

beginning of year $2,000,000 · end of year $1,975,832
27 · Net assets without donor restrictions

beginning of year $16,377,699 · end of year $14,797,173
28 · Net assets with donor restrictions

beginning of year $20,973,972 · end of year $20,475,458

Mission and programs · 2023

Mission

PHOENIX THEATRE CREATES EXCEPTIONAL THEATRICAL EXPERIENCES TO ARTICULATE MESSAGES THAT INSPIRE HOPE AND UNDERSTANDING.

Activities or mission (Part I)

PHOENIX THEATRE CREATES EXCEPTIONAL THEATRICAL EXPERIENCES TO (CONTINUED ON SCHEDULE O) ARTICULATE MESSAGES THAT INSPIRE HOPE AND UNDERSTANDING.

PERFORMANCE PROGRAMING: WE VALUE THEATRE AS A PLACE WHERE PEOPLE CAN BE WHERE ANYONE CAN GO POPULAR, GEEKY, BROKEN DOWN OR AFFLUENT - AND BE WELCOMED. THEATRE LIVES WHERE WE WISH THE WHOLE WORLD LIVED. BY INSPIRING EMPATHY AND THE ABILITY TO SEE THINGS FROM ANOTHER'S POINT OFVIEW, WE ENCOURAGE QUALITIES THAT LEAD TO VISIONARY LEADERSHIP AND BUILD COMMUNITIES IN WHICH WE ARE PROUD TO WORK AND LIVE.

Expenses $11,217,947 · Revenue $7,449,663
EDUCATION: PHOENIX THEATRE BELIEVES THE ARTS ARE ESSENTIAL BECAUSE THEY BUILD COMMUNITIES IN WHICH WE ARE PROUD TO WORK AND LIVE. FOSTER THE HERO WITHIN, CREATE GREATER UNDERSTANDING OF CULTURAL AND POLITICAL DIFFERENCES AND, IN AN ERA OF SIMULATED VIRTUAL GATHERINGS, CONTINUE TO PROVIDE A FORUM IN WHICH THE COMMUNITY FROM ALL WALKS OF LIFE CAN GATHER, LIVE AND IN-PERSON. PHOENIX THEATRE BELIEVES THE PROCESS OF CREATING THEATRICAL EXPERIENCES IS JUST AS IMPORTANT AS THE EXPERIENCE ITSELF. PHOENIX THEATRE STRIVES TO PRODUCE THE NEXT GENERATION OF PEOPLE WHO PRODUCE THEATRICAL EXPERIENCES. PHOENIX THEATRE CREATED A COMMUNITY OF ARTISTS - FROM THE ACTOR TO THE PROP DESIGNER; FROM THE MUSICIAN TO THE SET BUILDER, AND SO ON. PHOENIX THEATRE IS A PLACE WHERE THESE ARTISTS LIVE, CREATE, AND LEARN. THROUGH MENTORSHIP, APPRENTICESHIP PROGRAMS, AND PARTNERING WITH ASU, PHOENIX THEATRE DEVELOPS MUCH NEEDED PROGRAMS TO EDUCATE AND TRAIN THOSE WHO MAKE EXCEPTIONAL THEATRICAL EXPERIENCES POSSIBLE.

Expenses $263,092 · Revenue $244,412

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

JIM MANLEY

PRESIDENT

Total calculated

$0

Hours/week

2
CY BROWN

VICE PRESIDENT

Total calculated

$0

Hours/week

2
KIM LLUMIQUINGA

SECRETARY

Total calculated

$0

Hours/week

2
GARY GEPHART

TREASURER

Total calculated

$0

Hours/week

2
ERICA BRINKER

DIRECTOR

Total calculated

$0

Hours/week

2
ELENA CANEZ

DIRECTOR

Total calculated

$0

Hours/week

2
LINDSAY CULLUM-COLWELL

DIRECTOR

Total calculated

$0

Hours/week

2
MEGHAN COX

DIRECTOR

Total calculated

$0

Hours/week

2
ANGELA DEROSA

DIRECTOR

Total calculated

$0

Hours/week

2
JEFF GARDNER

DIRECTOR

Total calculated

$0

Hours/week

2
MICHAEL GIAVANTI

DIRECTOR

Total calculated

$0

Hours/week

2
MOLLY GREENE

DIRECTOR

Total calculated

$0

Hours/week

2
BRIAN GUZMAN

DIRECTOR

Total calculated

$0

Hours/week

2
CHELSEA HESLA

DIRECTOR

Total calculated

$0

Hours/week

2
BRIAN JOHNSON

DIRECTOR

Total calculated

$0

Hours/week

2
CHRIS NATALE

DIRECTOR

Total calculated

$0

Hours/week

2
DONNY PEPER

DIRECTOR

Total calculated

$0

Hours/week

2
DIANE PETERSON

DIRECTOR

Total calculated

$0

Hours/week

2
RYAN PONT

DIRECTOR

Total calculated

$0

Hours/week

2
GREG SAETRUM

DIRECTOR

Total calculated

$0

Hours/week

2
JEANIE SHORT

DIRECTOR

Total calculated

$0

Hours/week

2
BETH SILHASEK

DIRECTOR

Total calculated

$0

Hours/week

2
KELLI TONKI

DIRECTOR

Total calculated

$0

Hours/week

2
JANET RICHTER

DIRECTOR

Total calculated

$0

Hours/week

2
SUKRITI UPPAL

DIRECTOR

Total calculated

$0

Hours/week

2
WENDY VALENZUELA

DIRECTOR

Total calculated

$0

Hours/week

2
SARAH ROSE WEBBER

DIRECTOR

Total calculated

$0

Hours/week

2
MISCHELLE WHITE

DIRECTOR

Total calculated

$0

Hours/week

2
MICHAEL BARNARD

PRODUCING ARTISTIC DIRECTOR

Total calculated

$289,523

From this org

$279,998

From related orgs

$0

Other

$9,525

Hours/week

40

Schedule J breakdown matched by us

Base

$254,498

Bonus

$25,500

Other

$0

Deferred

$9,023

Nontaxable benefits

$502

Filer's total

$289,523
VINCENT VANVLEET

EXECUTIVE DIRECTOR

Total calculated

$274,130

From this org

$264,681

From related orgs

$0

Other

$9,449

Hours/week

40

Schedule J breakdown matched by us

Base

$240,181

Bonus

$24,500

Other

$0

Deferred

$8,480

Nontaxable benefits

$969

Filer's total

$274,130
MARISA FAITH BUTLER

DIRECTOR OF DEVELOPMENT

Total calculated

$133,274

From this org

$128,003

From related orgs

$0

Other

$5,271

Hours/week

40
MATTHEW SCHAEFER

MANAGING DIRECTOR

Total calculated

$160,852

From this org

$151,674

From related orgs

$0

Other

$9,178

Hours/week

40

Schedule J breakdown matched by us

Base

$151,674

Bonus

$0

Other

$0

Deferred

$5,381

Nontaxable benefits

$3,797

Filer's total

$160,852

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

The filer's explanations (Part III)

PART I, LINE 3: THE EXECUTIVE COMMITTEE SETS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND PRODUCING ARTISTIC DIRECTOR USING THE THEATRE COMMUNICATION GROUP'S NATIONAL SALARY SURVEY ALONG WITH LOCAL NONPROFIT COMPENSATION INFORMATION AND PERFORMANCE EVALUATION. THIS COMPENSATION IS SUBSEQUENTLY APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS LAST OCCURRED IN 2021 AS PART OF A 5 YEAR EMPLOYMENT AGREEMENT WITH THE EXECUTIVE DIRECTOR AND A 3 YEAR EMPLOYMENT AGREEMENT WITH THE PRODUCING ARTISTIC DIRECTOR AND WILL BE REVISITED IN 2025. THIS SAME PROCESS WOULD BE USED FOR THE OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IF THERE WERE ANY THAT WERE COMPENSATED. THE COMPENSATION DECISIONS ARE DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

PHOENIX THEATRE REAL ESTATE LLC

REAL ESTATE HOLDING · AZ · income $234,529 · assets $1,077,787

Directly controlled by THE PHOENIX THEATRE COMPANY

Provenance

Return type: form_990
Tax year: 2023
Filed: 9 July 2025
IRS schema version: 2023v6.0
Source object: 202501919349300035

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

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