Civic Intelligence

The Odyssey Theatre Foundation

990 • Fiscal year 2024 • EIN 23-7374151

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 28, 2025

2055 South Sepulveda BoulevardLos Angeles, CA 90025

(310) 477-2055

Siviq Scores

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

Liabilities / Assets

59th percentile

0.04x

Higher debt load relative to assets than 59% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.03x

Higher debt load relative to revenue than 56% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

27th percentile

-6.7%

Higher net margin than 27% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$76,679

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

15th percentile

-13%

Faster asset growth than 15% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-8.4%

Faster revenue growth than 26% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$459,236

Down $70,706 (-13%) from 2023

Net Assets

Down

$440,039

Down $44,179 (-9.1%) from 2023

Liabilities

Down

$19,197

Down $26,527 (-58%) from 2023

Revenue

Down

$660,494

Down $60,583 (-8.4%) from 2023

Expenses

Up

$704,674

Up $11,472 (+1.7%) from 2023

Net Income

Down

-$44,180

Down $72,055 (-258%) from 2023

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $172,151Liabilities 2011: $49,725Net Assets 2011: $122,4262011Assets 2012: $285,164Liabilities 2012: $60,364Net Assets 2012: $224,8002012Assets 2013: $273,509Liabilities 2013: $42,299Net Assets 2013: $231,2102013Assets 2015: $374,725Liabilities 2015: $90,561Net Assets 2015: $284,1642015Assets 2016: $291,585Liabilities 2016: $12,246Net Assets 2016: $279,3392016Assets 2017: $302,396Liabilities 2017: $55,564Net Assets 2017: $246,8322017Assets 2018: $310,890Liabilities 2018: $50,567Net Assets 2018: $260,3232018Assets 2019: $325,845Liabilities 2019: $67,364Net Assets 2019: $258,4812019Assets 2021: $354,483Liabilities 2021: $98,412Net Assets 2021: $256,0712021Assets 2022: $623,100Liabilities 2022: $166,757Net Assets 2022: $456,3432022Assets 2023: $529,942Liabilities 2023: $45,724Net Assets 2023: $484,2182023Assets 2024: $459,236Liabilities 2024: $19,197Net Assets 2024: $440,0392024Assets 2025: $432,222Liabilities 2025: $26,167Net Assets 2025: $406,0552025

Highlighted filing

2024

Assets$459,236
Liabilities$19,197
Net Assets$440,039

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $823,4662011Expenses 2012: $776,5682012Expenses 2013: $859,2302013Revenue 2015: $827,378Expenses 2015: $790,230Net Income 2015: $37,1482015Revenue 2016: $772,586Expenses 2016: $777,411Net Income 2016: -$4,8252016Revenue 2017: $711,374Expenses 2017: $727,681Net Income 2017: -$16,3072017Revenue 2018: $762,735Expenses 2018: $749,244Net Income 2018: $13,4912018Revenue 2019: $775,016Expenses 2019: $776,859Net Income 2019: -$1,8432019Revenue 2021: $384,387Expenses 2021: $265,241Net Income 2021: $119,1462021Revenue 2022: $819,760Expenses 2022: $619,491Net Income 2022: $200,2692022Revenue 2023: $721,077Expenses 2023: $693,202Net Income 2023: $27,8752023Revenue 2024: $660,494Expenses 2024: $704,674Net Income 2024: -$44,1802024Revenue 2025: $739,392Expenses 2025: $773,376Net Income 2025: -$33,9842025

Highlighted filing

2024

Revenue$660,494
Expenses$704,674
Net Income-$44,180
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 28, 2025
Return Version
2023v6.0
Gross Receipts
$660,494
Mission and Program Overview

Mission

Theatre performances: Explores and develops new theatre works & techniques, promotes the development of actors, writers & directors and offers cutural diversity to the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$320,376$338,000▲ $17,624
Receivables From Officers Etc$60,000$60,000→ $0
Prepaid Expenses and Deferred Charges-$34,740-
Cash and Non-Interest-Bearing Accounts$142,984$17,302▼ $125,682
Accounts Receivable$3,950$7,790▲ $3,840
Investments in Publicly Traded Securities$1,104$1,104→ $0
Inventories for Sale or Use-$300-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$529,942$459,236▼ $70,706
Other Assets Total$1,528$0▼ $1,528
Liabilities
Accounts Payable and Accrued Expenses$26,874$18,563▼ $8,311
Deferred Revenue$18,850$634▼ $18,216
Total Liabilities$45,724$19,197▼ $26,527
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$484,218$440,039▼ $44,179
Total Net Assets Fund Balance$484,218$440,039▼ $44,179
Total Liabilities and Net Assets / Fund Balance$529,942$459,236▼ $70,706

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$277,823$277,823
Equipment-$59,139$59,139
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ron SossiPresident & CEOFT$76,679$76,679

Board Members and Trustees

NameTitle
Sol RabinChairman
Anna NicholasDirector
Dan LowensteinDirector
Denise BlasorDirector
Diana CignoniDirector
Gabriel GrunfeldDirector
Judd DunningDirector
Michael PowellDirector
Pamela FaustDirector
Colleen RabinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$324,247
Program Service Revenue
$335,996
Investment Income
$251
Other Revenue
$0
All Other Contributions
$204,872
Change in Net Assets
$-44,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$393,478
Salaries, Compensation, and Employee Benefits$311,196
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$177,677$33,664-$211,341
Current Officers, Directors, Trustees, and Key Employees$38,340$38,340-$76,680
All Other Expenses$21,596$11,752-$33,348
Occupancy$29,847$3,316-$33,163
Fees for Services Other$16,048$9,197-$25,245
Payroll Taxes$17,381$5,794-$23,175
Other Expenses$11,759$5,727-$17,486
Insurance$7,067$7,067-$14,134
Advertising$9,326--$9,326
Fees for Services Accounting-$4,975-$4,975
Royalties$200--$200
Total Functional Expenses$584,842$119,832$0$704,674
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 Officers, Directors, Trustees, and Key Employees$60,000$60,000→ $0
Receivables from Disqualified Persons-$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 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
No
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 A, Line 2

Sol & Colleen Rabin on board of directors

Form 990, Part VI, Section B, Line 11B

Reviewed by upper management

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

Periodic communication

Form 990, Part VI, Section B, Line 15A

Based upon meeting goals & objectives & approved by upper management

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Odyssey Theatre
EIN
23-7374151
Phone
3104772055
Address
2055 South Sepulveda Boulevard, Los Angeles, CA 90025

Signing Officer

Name
Ron Sossi
Title
President & CEO
Signed
2025-02-28
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
14

Preparer

Firm
Wong Johnson & Associates APC
Address
46460 Ridge Park Drive Suite 200, Temecula, CA 92590
Preparer
Deron Johnson
Phone
9516931120
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rounding = $1

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is a non-profit public benefit corporation and has been recognized as tax-exempt pursuant to Section 501(c) (3) of the Internal Revenue Code and Section 23701(f) of the California Revenue and Taxation Code. As such, the Organization is not taxed on income derived from its exempt functions. However, the Organization is subject to tax on unrelated income, which is generated from the Organizations other activities not related to their stated exempt purpose. The Organization has no significant deferred tax assets or liabilities as of June 30, 2019.

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IRS990/OtherAssetsTotalGrp/BOYAmt01528
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Artistic fees
IRS990/OtherExpensesGrp/Desc1Production costs
IRS990/OtherExpensesGrp/Desc2Techical fees
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05727
IRS990/OtherExpensesGrp/ProgramServicesAmt0165813
IRS990/OtherExpensesGrp/ProgramServicesAmt167018
IRS990/OtherExpensesGrp/ProgramServicesAmt222770
IRS990/OtherExpensesGrp/ProgramServicesAmt311759
IRS990/OtherExpensesGrp/TotalAmt0165813
IRS990/OtherExpensesGrp/TotalAmt167018
IRS990/OtherExpensesGrp/TotalAmt222770
IRS990/OtherExpensesGrp/TotalAmt317486
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033664
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0177677
IRS990/OtherSalariesAndWagesGrp/TotalAmt0211341
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05794
IRS990/PayrollTaxesGrp/ProgramServicesAmt017381
IRS990/PayrollTaxesGrp/TotalAmt023175
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034740
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711110
IRS990/ProgramServiceRevenueGrp/Desc0Parking lot rental
IRS990/ProgramServiceRevenueGrp/Desc1Theatre rental
IRS990/ProgramServiceRevenueGrp/Desc2Ticket sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042564
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1117517
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2175915
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042564
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1117517
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2175915
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0401667
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0342807
IRS990/PYProgramServiceRevenueAmt0319410
IRS990/PYRevenuesLessExpensesAmt027875
IRS990/PYSalariesCompEmpBnftPaidAmt0350395
IRS990/PYTotalExpensesAmt0693202
IRS990/PYTotalRevenueAmt0721077
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt060000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt060000
IRS990/ReconcilationRevenueExpnssAmt0-44180
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/ProgramServicesAmt0200
IRS990/RoyaltiesGrp/TotalAmt0200
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0320376
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0338000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0324247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0401667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0563148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0233001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0265729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01787792
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0257
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0322
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98290
IRS990ScheduleA/PublicSupportPY170Pct00.89880
IRS990ScheduleA/PublicSupportTotal170Amt01757516
IRS990ScheduleA/SubstantialContributorsTotAmt030276
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0324247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0401667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0563148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0233001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0265729
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01787792
IRS990ScheduleA/TotalSupportAmt01788114
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0277823
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0277823
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059139
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059139
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a non-profit public benefit corporation and has been recognized as tax-exempt pursuant to Section 501(c) (3) of the Internal Revenue Code and Section 23701(f) of the California Revenue and Taxation Code. As such, the Organization is not taxed on income derived from its exempt functions. However, the Organization is subject to tax on unrelated income, which is generated from the Organizations other activities not related to their stated exempt purpose. The Organization has no significant deferred tax assets or liabilities as of June 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Sol & Colleen Rabin on board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reviewed by upper management
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Periodic communication
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Based upon meeting goals & objectives & approved by upper management
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Rounding = $1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0529942
IRS990/TotalAssetsEOYAmt0459236
IRS990/TotalAssetsGrp/BOYAmt0529942

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.32$0.26$4.06$7.39$7.73$0.34
2024Detailed filing. Detailed filing data is available for this year.$4.59$0.19$4.40$6.60$7.05$0.44
2023Detailed filing. Detailed filing data is available for this year.$5.30$0.46$4.84$7.21$6.93$0.28
2022Detailed filing. Detailed filing data is available for this year.$6.23$1.67$4.56$8.20$6.19$2.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.98$2.56$3.84$2.65$1.19
2019Detailed filing. Detailed filing data is available for this year.$3.26$0.67$2.58$7.75$7.77$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.11$0.51$2.60$7.63$7.49$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.02$0.56$2.47$7.11$7.28$0.16
2016Detailed filing. Detailed filing data is available for this year.$2.92$0.12$2.79$7.73$7.77$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.75$0.91$2.84$8.27$7.90$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.42$2.31$8.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.60$2.25$7.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.50$1.22$8.23