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Nonprofiteer
← LAKEWOOD THEATRE COMPANY

Form 990 for tax year 2022

Filed by LAKEWOOD THEATRE COMPANY.

Totals

Total revenue
$2,563,400
Total expenses
$2,556,472
Contributions and grants received
$1,331,007
Grants paid
$0
Program service revenue
$984,563
Investment income
$12,208
Other revenue
$235,622
Total assets, end of year
$5,578,614
Total liabilities, end of year
$448,545
Net assets or fund balances, end of year
$5,130,069
Program services expenses (Part IX)
$2,234,241
Management and general expenses
$237,847
Fundraising expenses
$84,384
Program service expenses (Part III)
$2,234,241

Program services were 87.4% 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.

  • 1b · Membership dues

    $156,934

  • 1c · Fundraising events

    $31,475

  • 1e · Government grants (contributions)

    $641,294

  • 1f · All other contributions, gifts and grants

    $501,304

  • 2a · Program service revenue: TICKET SALES

    total $591,658 · related or exempt $591,658

  • 2b · Program service revenue: SUBSCRIPTIONS

    total $260,768 · related or exempt $260,768

  • 2c · Program service revenue: CLASSES

    total $65,982 · related or exempt $65,982

  • 2d · Program service revenue: FESTIVAL OF THE ARTS

    total $58,365 · related or exempt $58,365

  • 2e · Program service revenue: ADVERTISING

    total $7,790 · unrelated business $7,790

  • 3 · Investment income

    total $29,145 · excluded $29,145

  • 6a · Gross rents

    real property $77,696

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $77,696

  • 6d · Net rental income or loss

    total $77,696 · excluded $77,696

  • 7a · Gross sales of assets other than inventory

    securities $111,471

  • 7b · Less cost or other basis and sales expenses

    securities $128,408

  • 7c · Gain or loss

    securities -$16,937

  • 7d · Net gain or loss

    total -$16,937 · excluded -$16,937

  • 8a · Fundraising events: gross income

    $101,993

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

    $31,475

  • 8b · Fundraising events: direct expenses

    $70,124

  • 8c · Net income from fundraising events

    total $31,869 · excluded $31,869

  • 9a · Gaming: gross income

    $6,732

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $6,732 · excluded $6,732

  • 10a · Gross sales of inventory

    $164,159

  • 10b · Cost of goods sold

    $48,954

  • 10c · Net income from sales of inventory

    total $115,205 · excluded $115,205

  • 11a · Other revenue: POINTS CREDIT

    total $2,500 · excluded $2,500

  • 11b · Other revenue: BRICKS & PAVERS

    total $1,620 · excluded $1,620

  • 11e · Other revenue, total

    $4,120

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $145,996 · management and general $102,197 · fundraising $43,799

  • 7 · Other salaries and wages

    total $513,332 · program services $434,608 · management and general $64,512 · fundraising $14,212

  • 9 · Other employee benefits

    total $18,986 · program services $14,632 · management and general $3,426 · fundraising $928

  • 10 · Payroll taxes

    total $69,256 · program services $45,766 · management and general $17,446 · fundraising $6,044

  • 11c · Fees: accounting

    total $54,800 · program services $33,719 · management and general $20,433 · fundraising $648

  • 11g · Fees: other

    total $9,808 · program services $9,808

  • 12 · Advertising and promotion

    total $77,302 · program services $77,302

  • 13 · Office expenses

    total $69,929 · program services $63,519 · management and general $6,400 · fundraising $10

  • 16 · Occupancy

    total $140,604 · program services $138,211 · management and general $393 · fundraising $2,000

  • 19 · Conferences, conventions and meetings

    total $5,038 · program services $5,038

  • 22 · Depreciation, depletion and amortization

    total $133,159 · program services $122,152 · management and general $9,780 · fundraising $1,227

  • 23 · Insurance

    total $28,606 · program services $23,886 · management and general $4,720

  • 24a · Other expenses: THEATRE PRODUCTIONS

    total $706,012 · program services $706,012

  • 24b · Other expenses: YOUTH OUTREACH

    total $240,192 · program services $240,192

  • 24c · Other expenses: DIRECT FUNDRAISING

    total $110,155 · program services $96,238 · management and general $521 · fundraising $13,396

  • 24d · Other expenses: EDUCATION

    total $62,491 · program services $62,491

  • 24e · All other expenses

    total $170,806 · program services $160,667 · management and general $8,019 · fundraising $2,120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,148,756 · end of year $814,778

  • 2 · Savings and temporary cash investments

    beginning of year $265,566 · end of year $612,160

  • 3 · Pledges and grants receivable

    beginning of year $10,000 · end of year $51,000

  • 4 · Accounts receivable

    beginning of year $288 · end of year $11,628

  • 9 · Prepaid expenses and deferred charges

    beginning of year $102,379 · end of year $91,408

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

    $6,333,199

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

    $3,305,889

  • 10c · Land, buildings and equipment, net

    beginning of year $3,018,765 · end of year $3,027,310

  • 11 · Investments: publicly traded securities

    beginning of year $925,218 · end of year $970,330

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,167 · end of year $114,869

  • 19 · Deferred revenue

    beginning of year $324,876 · end of year $333,676

  • 27 · Net assets without donor restrictions

    beginning of year $4,803,140 · end of year $4,758,310

  • 28 · Net assets with donor restrictions

    beginning of year $274,789 · end of year $371,759

Mission and programs · 2022

Mission

TO INSPIRE AND NURTURE A LOVE OF THEATRE AND THE ARTS WITH THE FOLLOWING MISSION: THE MAINTENANCE OF A PERMANENT MULTI-ARTS AND THEATRE FACILITY. THE SPONSORSHIP AND COORDINATION OF EDUCATION AND CULTURAL PROGRAMMING IN VISUAL ARTS, THEATRE AND COMMUNITY EVENTS.

Activities or mission (Part I)

TO INSPIRE AND NURTURE A LOVE OF THEATRE AND THE ARTS.

  • LAKEWOOD THEATRE PRESENTS MUSICALS, ORIGINAL WORKS & A DIVERSE SELECTION OF MODERN AND CLASSIC THEATRE WITH 10-12 PRODUCTIONS ANNUALLY (RESIDENT AND TOURING). LAKEWOOD CONSISTENTLY INCLUDES FULL SCALE MUSICALS AND ORIGINAL WORKS IN ITS SEASON, AND PRIDES ITSELF ON WORKING WITH NEW AND/OR EMERGING ARTISTS AND GROUPS TO BRING INNOVATIVE PERFORMANCES AND ART EVENTS TO OUR AUDIENCE. LAKEWOOD THEATRE IS THE OLDEST CONTINUOUSLY OPERATING THEATRE COMPANY IN THE PORTLAND, OREGON METRO AREA, ATTRACTING OVER 40,000 PEOPLE EACH YEAR.

    Expenses $1,421,940 · Revenue $852,426

  • THE GOAL OF THE YOUTH OUTREACH PROGRAM IS TO CREATE OPPORTUNITIES FOR YOUTH IN THE GREATER PORTLAND AREA TO PARTICIPATE, BOTH AS ARTISTS AND AUDIENCE, IN ALL THAT LAKEWOOD HAS TO OFFER. LAKEWOOD STRIVES TO BRING OPPORTUNITIES TO THE UNDERSERVED YOUTH IN THE REGION WHOM, BECAUSE OF GEOGRAPHIC, SOCIO-ECONOMIC, CULTURAL OR LANGUAGE BARRIERS, HAVE LIMITED ACCESS TO ARTS EDUCATION. LAKEWOOD CENTER HOPES THE PROGRAM WILL FACILITATE CONVERSATIONS WITH YOUTH, THEIR FAMILIES, AND THEIR SUPPORTING ORGANIZATIONS, RESULTING IN OPEN COLLABORATIONS AND A BETTER UNDERSTANDING OF HOW TO CONTINUE TO CREATE MEANINGFUL EXPERIENCES. LAKEWOOD CENTER RECOGNIZES THE IMPORTANCE OF CREATING AN INVITING, DIVERSE AND INCLUSIVE ENVIRONMENT FOR PARTICIPANTS, AS ARTISTS, STUDENTS, AND AUDIENCE. DURING THE 2022-2023 SCHOOL YEAR OVER 150 STUDENTS FROM PRESCHOOL TO HIGH SCHOOL PARTICIPATED IN THE PROGRAM. IN ADDITION, A GRANT FROM THE OREGON ASSOCIATION OF EDUCATION SERVICE DISTRICTS AND A GRANT FROM MICHAEL'S MADE IT POSSIBLE TO SEND 30,000 "A WEEK OF COLOR" BOOKLETS AND ART KITS TO STUDENTS ACROSS THE STATE. CURRENT YOUTH OUTREACH PROGRAM ACTIVITIES INCLUDE: IN-PERSON ART WORKSHOPS TAUGHT IN PARTICIPATING SCHOOLS. THESE INCLUDE BILINGUAL (ENGLISH/SPANISH) WORKSHOPS. ON-LINE ART WORKSHOPS. ALSO INCLUDING BILINGUAL (ENGLISH/SPANISH) WORKSHOPS. SUPPORT OF ART PROGRAMS ALREADY EXISTING IN LOCAL SCHOOLS BY PROVIDING FINANCIAL ASSISTANCE, MATERIALS AND VISITING ARTISTS. A WEEK OF COLOR: A BILINGUAL (ENGLISH/SPANISH) ART INSTRUCTION BOOKLET AND VIDEO SERIES, DISTRIBUTED TOGETHER WITH ART KITS TO ELEMENTARY SCHOOLS THROUGHOUT THE STATE. YOUTH ART EXHIBIT AT THE LAKE OSWEGO FESTIVAL OF THE ARTS, INCLUDING ALL ART CREATED BY STUDENTS PARTICIPATING IN THE YOUTH OUTREACH PROGRAM. AWARDS RECEPTION FOR ALL ARTISTS AND FAMILIES PARTICIPATING IN THE YOUTH ART EXHIBIT. INVITATIONS FREE OF CHARGE TO THEATRE PROGRAMS AT LAKEWOOD FOR FAMILIES PARTICIPATING IN THE YOUTH OUTREACH PROGRAM.

    Expenses $317,831

  • THE LAKE OSWEGO FESTIVAL OF THE ARTS IS A COMMUNITY WIDE CELEBRATION ATTRACTING ON AVERAGE 25,000 PEOPLE PER YEAR. IT FOCUSES ON ARTS EDUCATION, PERFORMANCE AND EXHIBITION. THE 4 DAY EVENT INCLUDES GUEST ARTISTS, MUSIC, LIVE THEATRE PERFORMANCE, ARTISANS DISPLAYING THEIR CRAFT, ART CLASSES, LECTURES AND EXHIBITIONS.

    Expenses $254,327 · Revenue $58,365

  • LAKEWOOD CENTER FOR THE ARTS PROVIDES FACILITIES USED BY INSTRUCTORS, GROUPS AND OTHERS IN THE ARTS THROUGH CLASSES, DEMONSTRATIONS, EXHIBITIONS AND COMMUNITY EVENTS SUPPORTING ARTS IN THE COMMUNITY. LAKEWOOD COORDINATES A FULL RANGE OF OFFERINGS IN ACTING, VISUALS ARTS, DESIGN, TELEVISION, FILM, GALLERY EXHIBITIONS, LECTURES AND CONCERTS. THESE PROGRAMS SERVE OVER 3,000 STUDENTS ANNUALLY.

    Expenses $240,143 · Revenue $65,982

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

Listed in Part VII

  • Joanne Frankel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jan Coulton

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Nick Atwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Avison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fred Breuer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Denton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Findley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elaine Franklin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Freed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Giampa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cyndie Glazer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Hopkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven Jurney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paula Kanarek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Kantor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanne Kantor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ricky Korach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Skip O'Neill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Plumb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martha Schrader

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Warner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Zimmerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Geller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Levee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Edwards

    EXECUTIVE DIRECTOR

    Total calculated
    $133,218
    From this org
    $131,118
    From related orgs
    $0
    Other
    $2,100
    Hours/week
    50

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
2022
Filed
26 February 2024
IRS schema version
2022v5.0
Source object
202440619349300009

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