Civic Intelligence

Lobster Theater Project Inc

990 • Fiscal year 2017 • EIN 10-0008474

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 15, 2018

2101 Folsom StreetSan Francisco, CA 94110

(415) 558-7721

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

45th percentile

1.4%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$49,039

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

53rd percentile

3.8%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

79th percentile

31%

Faster revenue growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$119,396

Up $4,391 (+3.8%) from 2016

Net Assets

Up

$119,396

Up $4,391 (+3.8%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$302,891

Up $71,510 (+31%) from 2016

Expenses

Up

$298,500

Up $89,885 (+43%) from 2016

Net Income

Down

$4,391

Down $18,375 (-81%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2011: $72,903Liabilities 2011: $68,6972011Assets 2012: $81,922Liabilities 2012: $77,536Net Assets 2012: $4,3862012Assets 2013: $46,166Liabilities 2013: $24,697Net Assets 2013: $21,4692013Assets 2014: $58,484Liabilities 2014: $3,197Net Assets 2014: $55,2872014Assets 2015: $92,239Liabilities 2015: $0Net Assets 2015: $92,2392015Assets 2016: $115,005Liabilities 2016: $0Net Assets 2016: $115,0052016Assets 2017: $119,396Liabilities 2017: $0Net Assets 2017: $119,3962017Assets 2018: $38,518Liabilities 2018: $0Net Assets 2018: $38,5182018Assets 2019: $41,957Liabilities 2019: $0Net Assets 2019: $41,9572019Assets 2020: $118,456Liabilities 2020: $0Net Assets 2020: $118,4562020Assets 2021: $97,822Liabilities 2021: $0Net Assets 2021: $97,8222021Assets 2022: $88,256Liabilities 2022: $1,364Net Assets 2022: $86,8922022Assets 2023: $57,843Liabilities 2023: $0Net Assets 2023: $57,8432023Assets 2024: $36,141Liabilities 2024: $288Net Assets 2024: $35,8532024

Highlighted filing

2017

Assets$119,396
Liabilities$0
Net Assets$119,396

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $70,709Expenses 2011: $98,697Net Income 2011: -$27,9882011Revenue 2012: $135,383Expenses 2012: $135,203Net Income 2012: $1802012Revenue 2013: $156,201Expenses 2013: $139,118Net Income 2013: $17,0832013Revenue 2014: $115,852Expenses 2014: $82,034Net Income 2014: $33,8182014Revenue 2015: $213,884Expenses 2015: $176,932Net Income 2015: $36,9522015Revenue 2016: $231,381Expenses 2016: $208,615Net Income 2016: $22,7662016Revenue 2017: $302,891Expenses 2017: $298,500Net Income 2017: $4,3912017Revenue 2018: $216,385Expenses 2018: $294,239Net Income 2018: -$77,8542018Revenue 2019: $261,209Expenses 2019: $258,050Net Income 2019: $3,1592019Revenue 2020: $266,472Expenses 2020: $189,973Net Income 2020: $76,4992020Revenue 2021: $213,286Expenses 2021: $233,920Net Income 2021: -$20,6342021Revenue 2022: $324,489Expenses 2022: $335,544Net Income 2022: -$11,0552022Revenue 2023: $252,848Expenses 2023: $282,047Net Income 2023: -$29,1992023Revenue 2024: $221,947Expenses 2024: $243,937Net Income 2024: -$21,9902024

Highlighted filing

2017

Revenue$302,891
Expenses$298,500
Net Income$4,391
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 15, 2018
Return Version
2017v2.2
Gross Receipts
$306,965
Mission and Program Overview

Mission

Killing My Lobster is a nonprofit arts organization that is dedicated to making fast, smart, fearless sketch comedy that makes people laugh.

Killing My Lobster is dedicated to making fast, smart, fearless sketch comedy that makes people laugh.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$99,306$103,358▲ $4,052
Prepaid Expenses and Deferred Charges$8,548$9,331▲ $783
Accounts Receivable$6,651$6,207▼ $444
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$115,005$119,396▲ $4,391
Other Assets Total$500$500→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$115,005$119,396▲ $4,391
Total Net Assets Fund Balance$115,005$119,396▲ $4,391
Total Liabilities and Net Assets / Fund Balance$115,005$119,396▲ $4,391
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Emily DeBenedetExecutive DirectorFT$49,039$49,039

Board Members and Trustees

NameTitle
Joseph DiGiacomoChair
Josh OrumChair till 3/17
Mary Sue PoulelisVice Chair
Christine HoBoard Member
Lotus ChildBoard Member
Paige YoungBoard Member
Paul Charney - Co-FounderBoard Member
Ted GareySecy from 12/17
Chris QuintosSecy till 12/17
Angeles GottheilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$197,817
Program Service Revenue
$106,648
Investment Income
$0
Other Revenue
$-1,574
All Other Contributions
$160,964
Change in Net Assets
$4,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,864
Salaries, Compensation, and Employee Benefits$110,636
Total Fundraising Expense$20,033
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$86,096$2,339$4,679$93,114
Other Salaries and Wages$49,039--$49,039
Current Officers, Directors, Trustees, and Key Employees$41,683$2,452$4,904$49,039
Occupancy$14,107$784$783$15,674
Office Expenses$8,994$870$2,212$12,076
Fees for Services Accounting-$9,098-$9,098
Payroll Taxes$6,636$390$781$7,807
All Other Expenses$1,171$25$5,856$7,052
Other Expenses$6,880--$6,880
Other Employee Benefits$4,457$98$196$4,751
Advertising$2,571$151$303$3,025
Insurance$2,532$149$298$2,979
Information Technology$184$11$21$216
Total Functional Expenses$262,100$16,367$20,033$298,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,074
Fundraising Gross Income$2,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
20th Anniver$21,120$2,500$1,518$982
Total Events$21,120$2,500$4,074$-1,574
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Board Chair, who is a nonprofit accounting and tax consultant, prepared the draft of Form 990 for 2017 without a fee to KML. The draft is reviewed by the staff and then reviewed and approved by Board of Directors prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Killing My Lobster reviews for any potential conflicts on interest regularly at board meetings and requires Board Members, Officers and Key Employees to sign a formal conflict of interest disclosure form on an annual basis.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board of Directors determines the compensation for the Executive Director and Artistic Director by reviewing Form 990 of similar sized nonprofit arts organizations in San Francisco and the Bay Area and online searches.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Board of Directors determines the compensation for the Executive Director and Artistic Director by reviewing Form 990 of similar sized nonprofit arts organizations in San Francisco and the Bay Area and online searches.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

KML provides its governing documents, conflict of interest policy and financial statements to the general public upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Lobster Theater Project Inc
EIN
10-0008474
Phone
4155587721
Address
2101 Folsom Street, San Francisco, CA 94110

Signing Officer

Name
Angeles Gottheil
Title
Treasurer
Signed
2018-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph DiGiacomo CPA
Formed
2002
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
40

Preparer

Firm
Joseph J DiGiacomo CPA
Address
270 Valencia St Unit 203, San Francisco, CA 94103
Preparer
Joseph J DiGiacomo CPA
Phone
4158298885
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: There were 6 performances of 826 + KML = BFFs at no cost to 826 Valencia nor the students or their families.Artistic Vision & Impact:Killing My Lobsters vision is a world in which San Francisco is known worldwide as a center for comedy, and KML has influenced a generation of funny people whether they are comedians or not.We plan to establish ourselves as a nationally-known comedy institution, putting the Bay Area on the comedy map, the way Chicago is known for Second City, Los Angeles for The Groundlings, and New York City for The Upright Citizens Brigade. San Francisco is ready for a comedic center based in sketch comedy. As the Bay Area, and especially San Francisco, has become an example of widespread sociological change and upheaval, the arts are more important than ever, and harder to sustain. As KML grows, we widen our artistic reach and bring more artists every year into our programs, creating opportunities for growth for those who are interested in expanding their abilities in performance, writing, directing, and teaching comedy.Over the last two years Killing My Lobster made significant progress as an organization: more than tripling our annual income from $94,000 to over $300,000. By emphasizing quality over quantity, and focusing our efforts on thematically driven live sketch comedy shows, KML consistently produced sold out or near-capacity shows and classes, exciting audiences around the Bay Area. In 2017 KML produced a show in two weeks (Under Pressure @ SF Sketchfest), continued our partnership with 826 Valencia by creating another show entirely written by under-resourced youth (826+KML=BFFs), celebrated our 20th anniversary by going back in time to 1997 (1997), toured the Bay Area with shows in San Francisco, Berkeley and Redwood City (Camp KML) and put on a full fledged sketch comedy puppet show (Puppetry of the Lobster), emphatically pushing the boundaries of our field. The KML School of Comedy thrived after successful installation of new curriculums for both our writing and acting classes, developed in partnership with our dedicated team of teachers, to provide students with a consistent experience and to maintain high retention rates between course levels. KML has grown its School of Comedy by successfully offering a consistent and frequent schedule of courses, continuing to add and expand our class offerings so that students can continue to grow their artistic skills with us, and implementing post-class surveys for students and teachers to track student progress. KML sold out 10 of our 11 class offerings in 2017, allowing us to expand our offerings to 16 sessions of classes in 2018, an all-time high. We engage the community by teaching workshops to young writers, offering our Diversity in Comedy Fellowships to Bay Area writers and actors, and by opening our Thursday night performances to additional audiences through our $10 Thursday program. By adhering to a consistent schedule, and increasing our run lengths, we are building a community that can grow with us, engage with artists post-show, and with whom we can build lasting relationships.

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IRS990/Desc0Founded in 1997 by Paul Charney and Marc Vogl, Killing My Lobster has been making the Bay Area laugh through live shows, short films, full length plays and sketch comedy classes. More than 20 years later, Killing My Lobster is still dedicated to producing high quality, relevant, and fearless sketch comedy that makes people laugh. We are committed to finding the best and most diverse comedic talent available in the Bay Area and bringing those artists together to create original and innovative shows consistently.KML strives to accurately represent the best of the Bay Area and push the boundaries of whats possible in sketch comedy today. In 2017, under the artistic leadership of Allison Page, KML achieved the following: Produced 7 original productions with 43 performances!
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IRS990/ProgSrvcAccomActy2Grp/Desc0Expanded the Diversity in Comedy Fellowship Program to include trans-identifying and non-binary writers and actors, which continues to encourage aspiring comedians of diverse backgrounds with an interest in writing or performing comedy. We awarded the fellowship to three new writers and three new actors. These fellows received free admission to KML's Sketch Comedy Writing or Acting programs, attending 14 weeks of classes at KML. They are each then placed on a writing or acting team for a show, and are paid the same stipend as our seasoned collaborators. Two fellows went on to write for KMLs Pride production, Queering My Lobster. One fellow performed in KML Presents: Barb in August 2018. Two fellows will have their debuts in North By North Lobster in October 2018 and one fellow will perform in Lobster, Actually in December 2018.
IRS990/ProgSrvcAccomActy3Grp/Desc0We continued to diversify our writing and acting pools and are pushing it even further for next year: 59% of our current acting pool is female, 37% of our current acting pool are people of color, 55% of our current writing pool is female and 31% of our current writing pool are people of color. Women represented 80 of 142 (56%) of our creative positions in 2017, People of color represented 36 of 142 (25%) of our creative positions in 2017, a 7% increase from 2016.We encouraged our creative collaborators (KMLs writers, actors, choreographers, etc.) to take on more leadership positions by ushering them into new roles as directors, head writers and teachers and established gender parity in all areas of the organization. KML partnered for a 4th year with 826 Valencia, a nonprofit, teaching sketch writing skills to kids ages 8-11 to create and produce a 1 hour show.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$2.22$2.44$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$2.53$2.82$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$3.24$3.36$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$2.13$2.34$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$2.66$1.90$0.76
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$2.61$2.58$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$2.16$2.94$0.78
2017Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$3.03$2.99$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$2.31$2.09$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$2.14$1.77$0.37
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.03$0.55$1.16$0.82$0.34
2013Detailed filing. Detailed filing data is available for this year.$0.46$0.25$0.21$1.56$1.39$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.78$0.04$1.35$1.35$0.00
2011Summary only. Only limited summary data is available for this year.$0.73$0.69$0.71$0.99$0.28