Form 990 for tax year 2024

Filed by 5TH AVENUE THEATRE ASSOCIATION.

What the amendment changed

Compared with the return it replaced , filed 15 June 2026. 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: $21,088,920 changed to $2,818,229
Total expenses: $26,586,419 changed to $2,181,047
Contributions and grants received: $9,701,180 changed to $2,414,987
Program service revenue: $11,291,038 changed to $392,823
Investment income: $25,135 changed to $3,068
Other revenue: $71,567 changed to $7,351
Total assets, end of year: $16,459,728 changed to $17,648,111
Total liabilities, end of year: $17,605,684 changed to $18,156,885
Net assets or fund balances, end of year: -$1,145,956 changed to -$508,774
Program services expenses: $21,267,164 changed to $1,698,964
Management and general expenses: $3,842,224 changed to $174,229
Fundraising expenses: $1,477,031 changed to $307,854
Program service expenses (Part III): $21,267,164 changed to $1,698,964

Listed only on the earlier return

Becky WitmerBECKY WITMER
Benjamin BairdBENJAMIN BAIRD
Joan ToggenburgerJOAN TOGGENBURGER
Katherine L Schirmer MaltaisKATHERINE L SCHIRMER MALTAIS
Kenneth WillmanKENNETH WILLMAN
Kyle LevineKYLE LEVINE
Laurel HortonLAUREL HORTON
Lee KellerLEE KELLER
Nina JenningsNINA JENNINGS
Rachel RobertRACHEL ROBERT

Listed under a different title

Kenny AlhadeffKENNY ALHADEFF: BOARD CHAIR then CHAIR
Michael BarkerMICHAEL BARKER: INTERIM CFO FROM 03/25 then INTERIM CFO
William R BerryWILLIAM R BERRY: PRODUCING ARTISTIC DIRECTOR then EXECUTIVE & ARTISTIC DIRECTOR

Totals

Total revenue: $2,818,229
Total expenses: $2,181,047
Contributions and grants received: $2,414,987
Grants paid: $0
Program service revenue: $392,823
Investment income: $3,068
Other revenue: $7,351
Total assets, end of year: $17,648,111
Total liabilities, end of year: $18,156,885
Net assets or fund balances, end of year: -$508,774
Program services expenses (Part IX): $1,698,964
Management and general expenses: $174,229
Fundraising expenses: $307,854
Program service expenses (Part III): $1,698,964

Program services were 77.9% 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.

1e · Government grants (contributions)

$1,932,309
1f · All other contributions, gifts and grants

$482,678
1g · Noncash contributions included above

$177,900
2a · Program service revenue: THEATRE TICKET REV

total $380,249 · related or exempt $380,249
2b · Program service revenue: FACILITY TICKET FEES

total $12,246 · related or exempt $12,246
2c · Program service revenue: SCHOOL/CAMP REVENUE

total $328 · related or exempt $328
3 · Investment income

total $15 · excluded $15
5 · Royalties

total $7,321 · related or exempt $7,321
7a · Gross sales of assets other than inventory

securities $192,167
7b · Less cost or other basis and sales expenses

securities $189,114
7c · Gain or loss

securities $3,053
7d · Net gain or loss

total $3,053 · excluded $3,053
11a · Other revenue: CONCESSIONS

total $30 · excluded $30
11e · Other revenue, total

$30

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $21,292 · program services $21,292
7 · Other salaries and wages

total $1,028,945 · program services $854,423 · management and general $59,728 · fundraising $114,794
8 · Pension plan contributions

total $52,638 · program services $50,207 · management and general $1,120 · fundraising $1,311
9 · Other employee benefits

total $644,494 · program services $623,513 · management and general $9,445 · fundraising $11,536
10 · Payroll taxes

total $126,863 · program services $106,440 · management and general $6,774 · fundraising $13,649
11b · Fees: legal

total $525 · fundraising $525
11e · Fees: professional fundraising services

total $342 · fundraising $342
11g · Fees: other

total $86,405 · program services $51,548 · management and general $725 · fundraising $34,132
12 · Advertising and promotion

total $84,283 · program services $83,726 · fundraising $557
13 · Office expenses

total $22,496 · program services $5,930 · management and general $11,320 · fundraising $5,246
14 · Information technology

total $18,618 · program services $252 · fundraising $18,366
15 · Royalties

total $158,513 · program services $157,521 · management and general $992
16 · Occupancy

total $143,790 · program services $59,776 · fundraising $84,014
17 · Travel

total $20,255 · program services $10,554 · management and general $412 · fundraising $9,289
23 · Insurance

total $1,901 · fundraising $1,901
24a · Other expenses: BUSINESS EXPENSES

total $44,880 · program services $35,696 · management and general $4,212 · fundraising $4,972
24b · Other expenses: FUNDRAISING EXPENSES

total $43,046 · management and general $41,595 · fundraising $1,451
24c · Other expenses: DONATED GOODS

total $24,638 · management and general $24,638
24d · Other expenses: BAD DEBT

total $13,268 · management and general $13,268
24e · All other expenses

total -$356,145 · program services -$361,914 · fundraising $5,769

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $801,899 · end of year $582,638
2 · Savings and temporary cash investments

beginning of year $15,766 · end of year $15,766
3 · Pledges and grants receivable

beginning of year $1,273,239 · end of year $2,595,393
4 · Accounts receivable

beginning of year $142,049 · end of year $160,072
9 · Prepaid expenses and deferred charges

beginning of year $1,130,852 · end of year $1,198,319
10a · Land, buildings and equipment: cost or other basis

$20,319,359
10b · Land, buildings and equipment: accumulated depreciation

$13,660,137
10c · Land, buildings and equipment, net

beginning of year $6,659,222 · end of year $6,659,222
13 · Investments: program-related

beginning of year $241,543 · end of year $241,543
15 · Other assets

beginning of year $6,195,158 · end of year $6,195,158
17 · Accounts payable and accrued expenses

beginning of year $2,155,449 · end of year $1,991,775
19 · Deferred revenue

beginning of year $4,287,770 · end of year $5,002,645
22 · Loans and payables to officers and key people

beginning of year $700,000 · end of year $700,000
24 · Unsecured notes and loans payable

beginning of year $2,250,000 · end of year $2,250,000
25 · Other liabilities

beginning of year $8,212,465 · end of year $8,212,465
27 · Net assets without donor restrictions

beginning of year -$1,901,552 · end of year -$2,465,358
28 · Net assets with donor restrictions

beginning of year $755,596 · end of year $1,956,584

Mission and programs · 2024

Mission

TO NURTURE, ADVANCE, AND CELEBRATE ALL ASPECTS OF THE GREAT ART FORM: THE MUSICAL.

THE 5TH AVENUE THEATRE'S MISSION IS TO NURTURE, ADVANCE, AND CELEBRATE ALL ASPECTS OF THE GREAT ART FORM: THE MUSICAL. THE 5TH REACHES 180,000 PEOPLE THROUGH PROGRAMS AT ITS DOWNTOWN SEATTLE VENUE AND IN COMMUNITIES ACROSS THE STATE. WE PRODUCE A MAINSTAGE SEASON, WITH A MIX OF LOCALLY CREATED AND PRODUCED SHOWS AND WE ALSO HOST NATIONAL TOURS. THERE ARE 150+ PERFORMANCES ON OUR STAGE EACH YEAR WHERE 500+ VOLUNTEERS HELP GREET AND USHER. ONE OF THE REGION'S LARGEST ARTS EMPLOYERS, WE EMPLOY 700+ PEOPLE A YEAR. OUR EDUCATION PROGRAMS REACH K-12 GRADES AND HAVE HISTORICALLY SERVED 30,000-75,000 YOUTH, EDUCATORS, AND COMMUNITY MEMBERS. EACH SEASON, WE PROVIDE FREE TICKETS TO LOCAL NON-PROFITS, DISCOUNTED TICKETS FOR PATRONS, AND ACCESSIBILITY SERVICES FOR 5,000+ PATRONS. THE 5TH HAS PRODUCED 20 NEW MUSICALS; NINE WENT TO BROADWAY.DURING FY25, THE 5TH AVENUE THEATRE ENTERED A PARTNERSHIP WITH SEATTLE THEATRE GROUP IN WHICH STG WILL MANAGE THE THEATER BUILDING WHILE THE 5TH CONTINUES PRODUCING ITS OWN SHOWS INDEPENDENTLY. THIS MOVE IS DESIGNED TO STRENGTHEN FINANCIAL STABILITY; SUPPORT LOCALLY PRODUCED MUSICAL THEATER AND MAKE FULLER USE OF THE HISTORIC VENUE THROUGHOUT THE YEAR. THE ARRANGEMENT ALSO AIMS TO BRING MORE EVENTS AND VISITORS TO THE DOWNTOWN AREA ALLOWING STG AND THE 5TH TO ACTIVATE THE SPACE SEPARATELY AND AS CO-PRESENTING PARTNERS, STRENGTHENING THE 5TH AVENUE'S STATUS AS A NON-PROFIT ORGANIZATION.

Expenses $1,698,964 · Revenue $400,144

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Kenny AlhadeffKENNY ALHADEFF

CHAIR

Total calculated

$0

Hours/week

40
Marisa BehnkeMARISA BEHNKE

PRESIDENT

Total calculated

$0

Hours/week

40
Tom HandleyTOM HANDLEY

TREASURER

Total calculated

$0

Hours/week

40
Grace YuanGRACE YUAN

SECRETARY

Total calculated

$0

Hours/week

40
Beth PorterBETH PORTER

MEMBER

Total calculated

$0

Hours/week

2
Ravija AmlaniRAVIJA AMLANI

MEMBER

Total calculated

$0

Hours/week

2
Debby CarterDEBBY CARTER

MEMBER

Total calculated

$0

Hours/week

2
Helen FanucciHELEN FANUCCI

MEMBER

Total calculated

$0

Hours/week

2
Randy HodginsRANDY HODGINS

MEMBER

Total calculated

$0

Hours/week

2
Pat KennedyPAT KENNEDY

MEMBER

Total calculated

$0

Hours/week

2
Forrest KimFORREST KIM

MEMBER

Total calculated

$0

Hours/week

2
Sasa KirkpatrickSASA KIRKPATRICK

MEMBER

Total calculated

$0

Hours/week

2
Will LudlamWILL LUDLAM

MEMBER

Total calculated

$0

Hours/week

2
Carmen MayoCARMEN MAYO

MEMBER

Total calculated

$0

Hours/week

2
Richard MeadowsRICHARD MEADOWS

MEMBER

Total calculated

$0

Hours/week

2
Gabrielle MellonGABRIELLE MELLON

MEMBER

Total calculated

$0

Hours/week

2
John PayesJOHN PAYES

MEMBER

Total calculated

$0

Hours/week

2
Buzz PorterBUZZ PORTER

MEMBER

Total calculated

$0

Hours/week

2
Stephen P ReynoldsSTEPHEN P REYNOLDS

MEMBER

Total calculated

$0

Hours/week

2
Jeanne SheldonJEANNE SHELDON

MEMBER

Total calculated

$0

Hours/week

2
Bonnie TowneBONNIE TOWNE

MEMBER

Total calculated

$0

Hours/week

2
Gary TucciGARY TUCCI

MEMBER

Total calculated

$0

Hours/week

2
Becca WertBECCA WERT

MEMBER

Total calculated

$0

Hours/week

2
Bill WertBILL WERT

MEMBER

Total calculated

$0

Hours/week

2
Eileen Glasser WesleyEILEEN GLASSER WESLEY

MEMBER

Total calculated

$0

Hours/week

2
Natalie WhiteNATALIE WHITE

MEMBER

Total calculated

$0

Hours/week

2
William R BerryWILLIAM R BERRY

EXECUTIVE & ARTISTIC DIRECTOR

Total calculated

$0

Hours/week

40
Michael BarkerMICHAEL BARKER

INTERIM CFO

Total calculated

$0

Hours/week

40

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.

Provenance

Return type: form_990
Tax year: 2024
Filed: 15 July 2026
IRS schema version: 2024v5.5
Source object: 202601969349301135

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