Civic Intelligence

Cutting Ball Theater

990 • Fiscal year 2018 • EIN 20-5270275

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 10, 2019

141 Taylor StreetSan Francisco, CA 94102

(415) 292-4700

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

81st percentile

$79,889

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

79th percentile

23%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

43%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$789,695

Up $145,098 (+23%) from 2017

Net Assets

Up

$784,493

Up $144,004 (+22%) from 2017

Liabilities

Up

$5,202

Up $1,094 (+27%) from 2017

Revenue

Up

$679,505

Up $203,362 (+43%) from 2017

Expenses

Down

$535,501

Down $12,019 (-2.2%) from 2017

Net Income

Up

$144,004

Up $215,381 (+302%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $359,222Liabilities 2011: $700Net Assets 2011: $358,5222011Assets 2012: $298,775Liabilities 2012: $2,659Net Assets 2012: $296,1162012Assets 2013: $436,476Liabilities 2013: $2,651Net Assets 2013: $433,8252013Assets 2014: $487,866Liabilities 2014: $444Net Assets 2014: $487,4222014Assets 2015: $414,413Liabilities 2015: $4,454Net Assets 2015: $409,9592015Assets 2016: $724,784Liabilities 2016: $12,918Net Assets 2016: $711,8662016Assets 2017: $644,597Liabilities 2017: $4,108Net Assets 2017: $640,4892017Assets 2018: $789,695Liabilities 2018: $5,202Net Assets 2018: $784,4932018Assets 2019: $1,071,404Liabilities 2019: $117,158Net Assets 2019: $954,2462019Assets 2020: $1,109,620Liabilities 2020: $127,805Net Assets 2020: $981,8152020Assets 2021: $1,173,338Liabilities 2021: $234,273Net Assets 2021: $939,0652021Assets 2022: $1,050,302Liabilities 2022: $138,910Net Assets 2022: $911,3922022Assets 2023: $666,050Liabilities 2023: $100,138Net Assets 2023: $565,9122023Assets 2024: $175,243Liabilities 2024: $94,743Net Assets 2024: $80,5002024

Highlighted filing

2018

Assets$789,695
Liabilities$5,202
Net Assets$784,493

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $362,822Expenses 2011: $382,478Net Income 2011: -$19,6562011Revenue 2012: $381,678Expenses 2012: $444,084Net Income 2012: -$62,4062012Revenue 2013: $710,488Expenses 2013: $572,779Net Income 2013: $137,7092013Revenue 2014: $552,297Expenses 2014: $498,700Net Income 2014: $53,5972014Revenue 2015: $522,376Expenses 2015: $599,839Net Income 2015: -$77,4632015Revenue 2016: $804,535Expenses 2016: $502,628Net Income 2016: $301,9072016Revenue 2017: $476,143Expenses 2017: $547,520Net Income 2017: -$71,3772017Revenue 2018: $679,505Expenses 2018: $535,501Net Income 2018: $144,0042018Revenue 2019: $773,665Expenses 2019: $603,912Net Income 2019: $169,7532019Revenue 2020: $689,952Expenses 2020: $662,383Net Income 2020: $27,5692020Revenue 2021: $599,174Expenses 2021: $641,924Net Income 2021: -$42,7502021Revenue 2022: $578,776Expenses 2022: $606,449Net Income 2022: -$27,6732022Revenue 2023: $378,628Expenses 2023: $724,108Net Income 2023: -$345,4802023Revenue 2024: $312,704Expenses 2024: $798,116Net Income 2024: -$485,4122024

Highlighted filing

2018

Revenue$679,505
Expenses$535,501
Net Income$144,004
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 10, 2019
Return Version
2017v2.2
Gross Receipts
$681,687
Mission and Program Overview

Mission

championing creative leaps as our core value. Our modular performance space in San Francisco is a laboratory for the unexpected. Were active citizens of our Tenderloin neighborhood and are especially committed to the enrichment of its youth.

Cutting Ball Theater experiments with theatrical form, beyond naturalism and conventionalism, to tell relevant stories that embolden and engage audiences. Since 1999, we've been cultivating a community of artists and audiences whose engines run on risk, (continued next page)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,804$261,650▲ $255,846
Savings and Temporary Cash Investments$248,407$231,876▼ $16,531
Land, Buildings, and Equipment, Net$91,589$115,703▲ $24,114
Pledges and Grants Receivable$267,660$111,200▼ $156,460
Cash and Non-Interest-Bearing Accounts$19,374$43,609▲ $24,235
Prepaid Expenses and Deferred Charges$10,113$24,007▲ $13,894
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$644,597$789,695▲ $145,098
Other Assets Total$1,650$1,650→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,108$5,202▲ $1,094
Total Liabilities$4,108$5,202▲ $1,094
Net Assets / Fund Balance
Unrestricted Net Assets$248,582$490,706▲ $242,124
Temporarily Rstr Net Assets$391,907$293,787▼ $98,120
Total Net Assets Fund Balance$640,489$784,493▲ $144,004
Total Liabilities and Net Assets / Fund Balance$644,597$789,695▲ $145,098

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$98,840$12,540$111,380
Equipment$16,863$44,615$61,478
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Liz OlsonManaging DirectorFT$75,613$4,276$79,889
Paige RogersDirector-$21,441$18,139$39,580
Rob MelroseDirector-$1,850$148$1,998

Board Members and Trustees

NameTitle
Laura MasonPresident
Eric BrownVice President
Erik BlachfordVice President
Amanda FelsonDirector
Dave YruettaDirector
Diane MillerDirector
Janet MaughanDirector
Kirsten SchlengerDirector
Kristin KwasnikDirector
Michelle MoyDirector
Reva RaoDirector
Sammantha CleggDirector
Sara KowalczykDirector
Rebecca KurlandSec/Treasurer
Mary-Kay GamelSecretary
Tom LimaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$617,854
Program Service Revenue
$53,973
Investment Income
$2,113
Other Revenue
$5,565
All Other Contributions
$582,554
Change in Net Assets
$144,004

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$253,875Fair Market Value (FMV)
Other Non Cash Contri Table1$2,000Fair Market Value (FMV)
Other Non Cash Contri Table1$274Fair Market Value (FMV)
Total Noncash Contributions3$256,149-

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,505
Total Revenue per Audited Statements
$679,505
Total Revenue per Form 990
$679,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,397
Salaries, Compensation, and Employee Benefits$252,104
Total Fundraising Expense$53,139
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,969$25,856$14,604$100,429
Current Officers, Directors, Trustees, and Key Employees$61,098$19,056$18,750$98,904
Other Employee Benefits$21,292$7,899$5,865$35,056
Advertising$18,212$1,731-$19,943
Payroll Taxes$10,759$3,991$2,965$17,715
Depreciation Depletion$14,634$2,213-$16,847
Fees for Services Other$14,360$619-$14,979
Fees for Services Accounting$2,260$12,045-$14,305
All Other Expenses$13$4,782$9,141$13,936
Other Expenses$4,730$4,762$1,814$11,306
Occupancy-$9,579-$9,579
Insurance-$4,606-$4,606
Travel$2,192$1,672-$3,864
Office Expenses-$3,459-$3,459
Information Technology-$2,790-$2,790
Total Functional Expenses$370,351$112,011$53,139$535,501

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$535,501
Total Expenses per Audited Statements$535,501
Total Expenses per Form 990$535,501
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
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 2: Description of Business or Family Relationship of Officers, Directors, Et

Board directors Rob Melrose and Paige Rogers are married (husband and wife).

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

Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management, the Finance Committee and the Artistic Director. After a full review and feedback to the tax preparer, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final Form 990 which is then e-filed with the Internal Revenue Service.

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

Members of the board of directors review all potential conflicts of interest at least annually. The executive director and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

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

Members of the Board of Directors review the compensation of all high-level personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures.

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

Compensation of other high-level personnel and key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

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

All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in San Francisco, California.

Filing and Contact Details

Filer

Filer Name
Cutting Ball Theater
EIN
20-5270275
Phone
4152924700
Address
141 Taylor Street, San Francisco, CA 94102

Signing Officer

Name
Liz Olson
Title
Managing Director
Phone
4152924700
Signed
2019-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Mason
Formed
1999
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
16
Employees
6
Volunteers
50

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

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

OTHER PROGRAM SERVICES 4: Continued from Form 990 Page 2------------------------------[B] THE CUTTING BALL VARIETY PACKFebruary 2 - February 13, 2018The Cutting Ball Variety Pack is a festival with three components: The Directors Series, The Playwrights Series, and The Reading Series.[C] TIMON OF ATHENSBy William ShakespeareMarch 30 - April 29, 2018Timon of Athens is one of Shakespeare's neglected classics, featuring some of the bard's very best poetry and more experimental verse.

Financial Statement Notes

Part X : FIN48 Footnote

Financial statement presentation follows the recommendations of ASC 740, Income Taxes, Income Taxes. Under ASC 740, Cutting Ball is required to report information regarding its exposure to various tax positions taken by Cutting Ball and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Cutting Ball has adequately evaluated its current tax positions and has concluded that as of June 30, 2018, Cutting Ball does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Cutting Ball has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that Cutting Ball continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Cutting Ball may periodically receive unrelated business income requiring Cutting Ball to file separate tax returns under federal and state statutes. Under such conditions, Cutting Ball calculates and accrues the applicable taxes payable.

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IRS990/MissionDesc0championing creative leaps as our core value. Our modular performance space in San Francisco is a laboratory for the unexpected. Were active citizens of our Tenderloin neighborhood and are especially committed to the enrichment of its youth.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Education ProgramCutting Ball Serves the youth of the Tenderloin through educational outreach programs: dinner and a show at the theater, onsite theater classes, and paid internships.
IRS990/ProgSrvcAccomActy3Grp/Desc0Cutting Ball's 2017-2018 Productions------------------------------------During the fiscal year ended June 30, 2018, Cutting Ball Theater presented the following shows:[A] THE MINEOLA TWINSBy Paula VogelSeptember 28 - October 29, 2017The Mineola Twins is Pulitzer Prize winner Paula Vogel's razor sharp and prescient satire about the women's movement and the rise of conservatism as seen through the lives of identical twins. [continued on Schedule O]
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$0.18$0.09$0.08$0.31$0.80$0.49
2023Summary only. Only limited summary data is available for this year.$0.67$0.10$0.57$0.38$0.72$0.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.14$0.91$0.58$0.61$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.23$0.94$0.60$0.64$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.13$0.98$0.69$0.66$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.12$0.95$0.77$0.60$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.01$0.78$0.68$0.54$0.14
2017Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.48$0.55$0.07
2016Summary only. Only limited summary data is available for this year.$0.72$0.01$0.71$0.80$0.50$0.30
2015Summary only. Only limited summary data is available for this year.$0.41$0.00$0.41$0.52$0.60$0.08
2014Summary only. Only limited summary data is available for this year.$0.49$0.00$0.49$0.55$0.50$0.05
2013Summary only. Only limited summary data is available for this year.$0.44$0.00$0.43$0.71$0.57$0.14
2012Summary only. Only limited summary data is available for this year.$0.30$0.00$0.30$0.38$0.44$0.06
2011Summary only. Only limited summary data is available for this year.$0.36$0.00$0.36$0.36$0.38$0.02