Civic Intelligence

Marin Theatre Company

EIN 23-7018125 • 501(c)3 • Mill Valley, CA

Profile

Marin Theatre Company produces world-class theatre for the Marin County and Bay Area communities. We strive to set a national standard for intimate theatre experiences of the highest quality, featuring provocative plays by passionate playwrights. We pursue a dialogue with our community that addresses our national and local concerns and interests, and assists us in finding a new understanding of our lives. We create future artists and arts patrons through innovative programs for youth.

397 Miller AvenueMill Valley, CA 94941

www.marintheatre.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.27x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.43x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-14%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

10%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,385,398

Down $669,982 (-22%) from 2023

Liabilities

Down

$1,046,594

Down $29,032 (-2.7%) from 2023

Net Assets

Down

$1,338,804

Down $640,950 (-32%) from 2023

Revenue

Up

$2,187,630

Up $174,102 (+8.6%) from 2023

Expenses

Down

$2,828,580

Down $15,767 (-0.6%) from 2023

Net Income

Up

-$640,950

Up $189,869 (+23%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2015: $5,216,643Liabilities 2015: $1,598,827Net Assets 2015: $3,617,8162015Assets 2016: $5,029,584Liabilities 2016: $1,532,178Net Assets 2016: $3,497,4062016Assets 2017: $5,237,131Liabilities 2017: $1,278,617Net Assets 2017: $3,958,5142017Assets 2018: $4,859,948Liabilities 2018: $1,019,151Net Assets 2018: $3,840,7972018Assets 2019: $4,443,420Liabilities 2019: $729,972Net Assets 2019: $3,713,4482019Assets 2020: $4,019,028Liabilities 2020: $1,007,933Net Assets 2020: $3,011,0952020Assets 2021: $4,469,997Liabilities 2021: $1,329,045Net Assets 2021: $3,140,9522021Assets 2022: $3,830,407Liabilities 2022: $1,019,834Net Assets 2022: $2,810,5732022Assets 2023: $3,055,380Liabilities 2023: $1,075,626Net Assets 2023: $1,979,7542023Assets 2024: $2,385,398Liabilities 2024: $1,046,594Net Assets 2024: $1,338,8042024

Highlighted filing

2024

Assets$2,385,398
Liabilities$1,046,594
Net Assets$1,338,804

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $2,788,769Expenses 2015: $3,288,631Net Income 2015: -$499,8622015Revenue 2016: $3,351,768Expenses 2016: $3,472,178Net Income 2016: -$120,4102016Revenue 2017: $4,151,674Expenses 2017: $3,690,566Net Income 2017: $461,1082017Revenue 2018: $3,458,368Expenses 2018: $3,576,085Net Income 2018: -$117,7172018Revenue 2019: $3,700,369Expenses 2019: $3,827,718Net Income 2019: -$127,3492019Revenue 2020: $2,901,101Expenses 2020: $3,603,454Net Income 2020: -$702,3532020Revenue 2021: $2,132,367Expenses 2021: $2,002,510Net Income 2021: $129,8572021Revenue 2022: $2,345,723Expenses 2022: $2,676,102Net Income 2022: -$330,3792022Revenue 2023: $2,013,528Expenses 2023: $2,844,347Net Income 2023: -$830,8192023Revenue 2024: $2,187,630Expenses 2024: $2,828,580Net Income 2024: -$640,9502024

Highlighted filing

2024

Revenue$2,187,630
Expenses$2,828,580
Net Income-$640,950

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 30, 2022
Return Version
2020v4.2
Gross Receipts
$2,277,085
Mission and Program Overview

Mission

See schedule o marin theatre company is the bay area's premier mid-size theater and the leading professional theater in the north bay. Mtc produces a six-show season of provocative plays by passionate playwrights from the 20th century and today in an intimate 231-seat proscenium theater. Mtc is committed to the development and production of new plays by american playwrights, with a comprehensive new play program that includes two national recognized annual playwriting awards, new play reading and workshops by the nation's best emerging playwrights, and a leadership position in the national play network. Mtc's numerous education programs serve more than 6,000 students each year.

Marin theatre company produces world-class theatre for the county of marin and bay area communities. Mtc strives to set a national standard for intimate theatre experiences of the highest quality, featuriing provocative plays by passionate playwrights. Mtc pursues a dialogue with its community that addresses our national and local concerns and interests, and assists in finding a new understanding of the audiences' lives. Mtc creates future artists and arts patrons through innovative programs for youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,649,524$2,634,930▼ $14,594
Cash and Non-Interest-Bearing Accounts$569,892$1,253,758▲ $683,866
Pledges and Grants Receivable$177,299$252,048▲ $74,749
Investments Other Securities$271,036$138,913▼ $132,123
Savings and Temporary Cash Investments$301,972$102,028▼ $199,944
Accounts Receivable-$32,834-
Prepaid Expenses and Deferred Charges$11,500$11,973▲ $473
Total Assets$4,019,028$4,469,997▲ $450,969
Other Assets Total$37,805$43,513▲ $5,708
Liabilities
Mortgage Notes Payable Secured by Investment Property$486,716$784,688▲ $297,972
Other Liabilities$297,800$298,500▲ $700
Accounts Payable and Accrued Expenses$188,917$143,889▼ $45,028
Deferred Revenue$34,500$101,968▲ $67,468
Total Liabilities$1,007,933$1,329,045▲ $321,112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,632,643$2,843,924▲ $211,281
Net Assets With Donor Restrictions$378,452$297,028▼ $81,424
Total Net Assets Fund Balance$3,011,095$3,140,952▲ $129,857
Total Liabilities and Net Assets / Fund Balance$4,019,028$4,469,997▲ $450,969

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$679,273$2,323,880$3,003,153
Land$1,870,568-$1,870,568
Equipment$85,089$198,178$283,267
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jasson MinadakisArtistic DirectorFT$137,899$38,758$176,657

Board Members and Trustees

NameTitle
Barbara MorrisonCo-chair
Wendy FengCo-chair
Kathryn OlsonVice President
Meredith SuttlesManaging Director/CEO
Bethany Byrd-hillMember
Christian MillsMember
Denmo IbrahimMember
Matthew PurdonMember
Penny WrightMember
Robert ReynoldsMember
Stacy ScottMember
Vera MeislinMember
John ChesleySecretary
Fred TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,899,734
Program Service Revenue
$130,650
Investment Income
$7,240
Other Revenue
$94,743
All Other Contributions
$1,474,374
Change in Net Assets
$129,857

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$566,739Fair Market Value
Food Inventory1$4,944-
Other Non Cash Contri Table1$3,000Fair Market Value
Other Non Cash Contri Table1$257Fair Market Value
Total Noncash Contributions4$574,940-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,132,367
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,132,367
Total Revenue per Form 990
$2,132,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,061,982
Salaries, Compensation, and Employee Benefits$910,417
Total Fundraising Expense$190,603
Professional Fundraising Fees$30,111
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$530,941$5,301$53,901$590,143
Fees for Services Other$149,296$106,049$28,200$283,545
Current Officers, Directors, Trustees, and Key Employees$132,006$25,546$16,292$173,844
Advertising$108,530$6,529$42,404$157,463
Occupancy$97,580$39,175-$136,755
Other Employee Benefits$59,464$15,361$4,556$79,381
Depreciation Depletion$57,853$12,067$5,908$75,828
Payroll Taxes$57,897$2,613$6,539$67,049
Information Technology$8,191$43,228$1,973$53,392
Fees for Services Accounting-$52,091-$52,091
Insurance$7,389$28,808-$36,197
Fees for Services Professional Fundraising--$30,111$30,111
Interest$21,884$1,409-$23,293
Royalties$14,495--$14,495
Fees for Services Legal$3,045$2,918-$5,963
Other Expenses$923$1,129$658$2,710
Total Functional Expenses$1,433,885$378,022$190,603$2,002,510

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,002,510
Total Expenses per Audited Statements$2,002,510
Total Expenses per Form 990$2,002,510
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$30,111
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Forgivable Loan$295,000
Security Deposit$3,500
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 35% controlled entity
No
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, Section B, Line 11B

Form 990 is prepared by an outside tax professional. The form is then reviewed by an officer and mtc's business manager and financial manager. These individuals then discuss the contents of the return with the outside tax professional. After a full review (with modifications where necessary), the final version of the tax return is provided to all members of mtc's voting body. An officer signs efile authorization forms in order to file the return with the department of the treasury.

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15

The board of directors reviews the compensation of all high-level personnel annually 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 mtc's policies and procedures.

Form 990, Part VI, Section C, Line 18

All of mtc's tax filings are maintained in a secure environment and held available for inspection by tax authorities and the general public at mtc's office in mill valley, california.

Form 990, Part VI, Section C, Line 19

All of mtc'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 at mtc's office in mill valley, california.

Filing and Contact Details

Filer

Filer Name
Marin Theatre Company
EIN
23-7018125
Phone
4153885200
Address
397 MILLER AVENUE, MILL VALLEY, CA 94941

Signing Officer

Name
Fred Taylor
Title
Treasurer
Phone
4153885200
Signed
2022-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred Taylor
Formed
1966
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
76
Volunteers
0

Preparer

Firm
Wmb2llp
Address
101 LARKSPUR LANDING CIR STE 200, LARKSPUR, CA 94939-1750
Preparer
Giovanna K Duenas
Phone
4159251120
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other contract services: program service expenses 149,296. Management and general expenses 106,049. Fundraising expenses 28,200. Total expenses 283,545.

990 Part XII Line 2C

There have no changes in the oversight process used by the audit committee from that used in the prior year

Financial Statement Notes

PART X, LINE 2:

The company is exempt from federal and state income taxes under section 501(c) (3) of the internal revenue code and a similar california statute. In addition, the company has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the code. Accordingly, donors are entitled to the maximum charitable contribution allowed by law. Consequently, no provision for federal or state income taxes has been recorded. The company generates unrelated business income from advertising and rent; however, allocable expenses exceed income and therefore no income taxes are payable. The company's informational returns are subject to examination by the internal revenue service and the california franchise tax board for three years and four years, respectively, after they are filed.

Raw XML AppendixShowing 400 of 651 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0MARIN THEATRE COMPANY PRODUCES WORLD-CLASS THEATRE FOR THE COUNTY OF MARIN AND BAY AREA COMMUNITIES. MTC STRIVES TO SET A NATIONAL STANDARD FOR INTIMATE THEATRE EXPERIENCES OF THE HIGHEST QUALITY, FEATURIING PROVOCATIVE PLAYS BY PASSIONATE PLAYWRIGHTS. MTC PURSUES A DIALOGUE WITH ITS COMMUNITY THAT ADDRESSES OUR NATIONAL AND LOCAL CONCERNS AND INTERESTS, AND ASSISTS IN FINDING A NEW UNDERSTANDING OF THE AUDIENCES' LIVES. MTC CREATES FUTURE ARTISTS AND ARTS PATRONS THROUGH INNOVATIVE PROGRAMS FOR YOUTH.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-CHAIR
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IRS990/MissionDesc0SEE SCHEDULE O MARIN THEATRE COMPANY IS THE BAY AREA'S PREMIER MID-SIZE THEATER AND THE LEADING PROFESSIONAL THEATER IN THE NORTH BAY. MTC PRODUCES A SIX-SHOW SEASON OF PROVOCATIVE PLAYS BY PASSIONATE PLAYWRIGHTS FROM THE 20TH CENTURY AND TODAY IN AN INTIMATE 231-SEAT PROSCENIUM THEATER. MTC IS COMMITTED TO THE DEVELOPMENT AND PRODUCTION OF NEW PLAYS BY AMERICAN PLAYWRIGHTS, WITH A COMPREHENSIVE NEW PLAY PROGRAM THAT INCLUDES TWO NATIONAL RECOGNIZED ANNUAL PLAYWRITING AWARDS, NEW PLAY READING AND WORKSHOPS BY THE NATION'S BEST EMERGING PLAYWRIGHTS, AND A LEADERSHIP POSITION IN THE NATIONAL PLAY NETWORK. MTC'S NUMEROUS EDUCATION PROGRAMS SERVE MORE THAN 6,000 STUDENTS EACH YEAR.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE PRODUCTION OF PLAYS IS COMPLEMENTED BY AN ARRAY OF THEATER EDUCATION PROGRAMS, INCLUDING STUDENT MATINEE PERFORMANCES, TOURING PRODUCTIONS PERFORMING IN THE SCHOOLS, TEACHING ARTIST RESIDENCIES IN THE SCHOOLS, SUMMER PROGRAMS FOR YOUTH AND TEENS INCLUDING CLASSES AND PERFORMANCES, EDUCATIONAL SYMPOSIA, AUDIENCE DISCUSSIONS, AND SPECIAL SERIES NIGHTS. MTC'S STATE OF ART FACILITY PROVIDES REHEARSAL, MEETING AND PERFORMANCE SPACE FOR OTHER COMMUNITY SERVICE AND ARTS GROUPS.
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