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Nonprofiteer
← THEATER ARTS GROUP

Form 990 for tax year 2023

Filed by THEATER ARTS GROUP.

Totals

Total revenue
$278,226
Total expenses
$299,444
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$278,226
Investment income
$0
Other revenue
$0
Total assets, end of year
$358,803
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$358,803
Program services expenses (Part IX)
$299,444
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$299,444

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.

  • 2a · Program service revenue: RENTAL INCOME

    total $278,226 · related or exempt $278,226

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $299,444 · program services $299,444

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,804 · end of year $3,488

  • 4 · Accounts receivable

    beginning of year $29,086

  • 15 · Other assets

    beginning of year $338,131 · end of year $355,315

  • 27 · Net assets without donor restrictions

    beginning of year $380,021 · end of year $358,803

Mission and programs · 2023

Mission

THE THEATER ARTS GROUP WAS FORMED TO SUPPORT THE AMERICAN CINEMATHEQUE, AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE SERVICE CODE SECTIONS 501(C)(3) AND 170(B)(1)(A)(VI), ORGANIZED TO ENSURE PUBLIC ACCESS TO LOCAL, NATIONAL AND INTERNATIONAL CINEMAS, WHICH ARE OTHERWISE UNAVAILABLE AND ARE OF HISTORICAL OR EDUCATIONAL IMPORTANCE TO THE COMMUNITY.

Activities or mission (Part I)

THE THEATER ARTS GROUP WAS FORMED TO SUPPORT THE AMERICAN CINEMATHEQUE.

  • THE THEATRE ARTS GROUP PROVIDES A STATE-OF-THE-ART THEATRE IN SANTA MONICA, CA, TO THE AMERICAN CINEMATHEQUE FOR ITS EXEMPT PURPOSES. THE ORGANIZATION ENTERED INTO A LEASE WITH A PARTY UNRELATED TO THE ORGANIZATION OR ANY OFFICER OR DIRECTOR OF THE ORGANIZATION FOR THIS THEATRE FACILITY IN SANTA MONICA.THE AMERICAN CINEMATHEQUE WAS CREATED TO (1) HONOR AND PROMOTE AMERICA'S INDIGENOUS ART FORM, THE MOVING PICTURE; (2) PRESENT THE FULL RANGE OF CINEMA, NOT OTHERWISE AVAILABLE, TO THE WIDEST POSSIBLE AUDIENCE; (3) ESTABLISH A FORUM FOR AN ONGOING DIALOGUE BETWEEN FILMMAKERS AND FILM-GOERS; (4) PROVIDE HIGH-PROFILE EXHIBITION FACILITIES FOR OTHER INDEPENDENT FILM ORGANIZATIONS; AND (5) ENCOURAGE AND SUPPORT NEW TALENT BY PROVIDING A SHOWCASE FOR THEIR WORK.

    Expenses $299,444 · Revenue $278,226

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

Listed in Part VII

  • MARK BADAGLIACCA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 4 related

  • KEN SCHERER

    EXECUTIVE DIRECTOR

    Total calculated
    $106,827
    From this org
    $0
    From related orgs
    $106,827
    Other
    $0
    Hours/week
    1 + 40 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.

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
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202512279349303196

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