Civic Intelligence

Magenta Theater

990 • Fiscal year 2020 • EIN 33-1040809

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 31, 2021

6400 NE Hwy 99 Suite G Box 160Vancouver, WA 98665

(360) 949-3098

Siviq Scores

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

Liabilities / Assets

80th percentile

0.20x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

0.53x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-8.1%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-13%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-54%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$336,514

Down $49,066 (-13%) from 2019

Net Assets

Down

$270,598

Down $10,094 (-3.6%) from 2019

Liabilities

Down

$65,916

Down $38,972 (-37%) from 2019

Revenue

Down

$124,558

Down $143,403 (-54%) from 2019

Expenses

Down

$134,652

Down $45,944 (-25%) from 2019

Net Income

Down

-$10,094

Down $97,459 (-112%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $23,290Liabilities 2010: $4,504Net Assets 2010: $18,7862010Assets 2011: $26,211Liabilities 2011: $4,965Net Assets 2011: $21,2462011Assets 2012: $36,546Liabilities 2012: $6,090Net Assets 2012: $30,4562012Assets 2013: $37,485Liabilities 2013: $9,725Net Assets 2013: $27,7602013Assets 2014: $60,207Liabilities 2014: $13,830Net Assets 2014: $46,3772014Assets 2015: $81,900Liabilities 2015: $13,211Net Assets 2015: $68,6892015Assets 2016: $221,316Liabilities 2016: $137,247Net Assets 2016: $84,0692016Assets 2019: $385,580Liabilities 2019: $104,888Net Assets 2019: $280,6922019Assets 2020: $336,514Liabilities 2020: $65,916Net Assets 2020: $270,5982020Assets 2021: $420,011Liabilities 2021: $41,276Net Assets 2021: $378,7352021Assets 2022: $416,907Liabilities 2022: $50,805Net Assets 2022: $366,1022022Assets 2023: $431,941Liabilities 2023: $23,252Net Assets 2023: $408,6892023Assets 2024: $434,528Liabilities 2024: $23,603Net Assets 2024: $410,9252024

Highlighted filing

2020

Assets$336,514
Liabilities$65,916
Net Assets$270,598

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $61,528Expenses 2010: $59,439Net Income 2010: $2,0892010Revenue 2011: $65,343Expenses 2011: $62,883Net Income 2011: $2,4602011Revenue 2012: $78,678Expenses 2012: $69,468Net Income 2012: $9,2102012Revenue 2013: $73,920Expenses 2013: $76,618Net Income 2013: -$2,6982013Revenue 2014: $117,049Expenses 2014: $98,433Net Income 2014: $18,6162014Revenue 2015: $114,384Expenses 2015: $99,959Net Income 2015: $14,4252015Revenue 2016: $167,036Expenses 2016: $151,656Net Income 2016: $15,3802016Revenue 2019: $267,961Expenses 2019: $180,596Net Income 2019: $87,3652019Revenue 2020: $124,558Expenses 2020: $134,652Net Income 2020: -$10,0942020Revenue 2021: $241,097Expenses 2021: $137,056Net Income 2021: $104,0412021Revenue 2022: $194,995Expenses 2022: $201,872Net Income 2022: -$6,8772022Revenue 2023: $230,129Expenses 2023: $187,542Net Income 2023: $42,5872023Revenue 2024: $200,756Expenses 2024: $198,520Net Income 2024: $2,2362024

Highlighted filing

2020

Revenue$124,558
Expenses$134,652
Net Income-$10,094
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 31, 2021
Return Version
2020v4.0
Gross Receipts
$124,558
Mission and Program Overview

Mission

Magenta Theater's primary purpose is to educate students in theater arts for preparation of using those skills in community theater productions and to present family-friendly community theater productions in the Vancouver/Portland area.

Magenta Theater creates community and entertainment one stage at a time. We are committed to quality performances and to bringing to the stage comedies, mysteries, dramas, and musicals. Magenta encourages creativity through improv theater and promoting education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$261,112$245,718▼ $15,394
Cash and Non-Interest-Bearing Accounts$124,468$90,796▼ $33,672
Accounts Receivable$0--
Total Assets$385,580$336,514▼ $49,066
Liabilities
Unsecured Notes Loans Payable$68,431$65,661▼ $2,770
Accounts Payable and Accrued Expenses$36,457$255▼ $36,202
Total Liabilities$104,888$65,916▼ $38,972
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$275,072$270,598▼ $4,474
Net Assets With Donor Restrictions$5,620$0▼ $5,620
Total Net Assets Fund Balance$280,692$270,598▼ $10,094
Total Liabilities and Net Assets / Fund Balance$385,580$336,514▼ $49,066

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$245,718$51,716$297,434
Equipment$0$13,601$13,601
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim NeillPresident
Kristen NoelVice President
Katie SkinnerDirector
Linda ReidDirector
Liz GrauerDirector
Lori PetermanDirector
Tony ProvenzolaDirector
Steven BullSecretary
Jackie McGreeveyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,371
Program Service Revenue
$72,156
Investment Income
$31
Other Revenue
$0
All Other Contributions
$52,371
Change in Net Assets
$-10,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,161
Salaries, Compensation, and Employee Benefits$4,491
Total Fundraising Expense$167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$16,347$29,804-$46,151
Depreciation Depletion-$21,323-$21,323
Fees for Services Management$8,150$8,850-$17,000
Fees for Services Other$8,332$8,100-$16,432
All Other Expenses$5,406$1,530-$6,936
Information Technology$939$3,429$39$4,407
Other Salaries and Wages$664$3,427-$4,091
Office Expenses$348$1,794-$2,142
Insurance$1,541$587-$2,128
Other Expenses$123$1,461$0$1,584
Payroll Taxes$142$258-$400
Advertising$18$80-$98
Total Functional Expenses$52,380$82,105$167$134,652
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
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

The Form 990 is reviewed by the Treasurer and Board President and forwarded to the Board of Directors

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

The Board of Directors reviews the conflict of interest policy annually and reviews any issues that may be of concern.

Form 990, Part VI, Section B, Line 15

The Magenta Board of Directors discusses, reviews and approves the compensation annually for the Executive Director and Artistic Director. They also review the Stipends paid out to the 1099 professionals involved with putting on the productions.

Form 990, Part VI, Section C, Line 19

The Magenta Theaters governing documents, policies, and financial statements are made available to the public upon request and other's website.

Filing and Contact Details

Filer

Filer Name
Magenta Theater
EIN
33-1040809
Phone
3609493098
Address
6400 NE Hwy 99 Suite G Box 160, Vancouver, WA 98665

Signing Officer

Name
Tim Neil
Title
President
Phone
5033294126
Signed
2021-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Neill
Formed
2002
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
20

Preparer

Firm
For A Song LLC
Address
6805 NE 259th Street, Battle Ground, WA 98604
Preparer
Jackie McGreevey
Phone
3609104544
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Due to Covid 19 in 2020 the Magenta Theater was closed most of 2020.

Form 990, Part IX, Line 11G

Magenta Theater pays stipends to professionals that are involved in putting on the productions. For example, Main Stage Shows director, Choreographer, Set Design, Sound Technician etc.

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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/Desc0Main Stage Productions - Magenta usually has five Main Stage Productions each year with a minimum or ten performances each. The season is selected by the Artistic Director and is based on what our community audiences have told us they would like to see. The Artistic Director assures each production is of the highest quality entertainment. Due to Covid 19 there was only one State Production before the Theater temporarily closed due to state mandate.
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IRS990/ProgramServiceRevenueGrp/BusinessCd1711110
IRS990/ProgramServiceRevenueGrp/BusinessCd2711110
IRS990/ProgramServiceRevenueGrp/BusinessCd3711110
IRS990/ProgramServiceRevenueGrp/Desc0Ticket Sales
IRS990/ProgramServiceRevenueGrp/Desc1Tuition Academy
IRS990/ProgramServiceRevenueGrp/Desc2Concessions
IRS990/ProgramServiceRevenueGrp/Desc3All Misc Program service Revenue
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt067703
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22420
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt067703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31133
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0Magenta Improv Theater MIT - MIT has a team of dedicated improv actors who usually perform 7-8 shows per year. Additionally, MIT does off site functions and performances. Improv helps actors, volunteers and non-theatrical people gain confidence in public situations as well as being very entertaining for our community audiences. Due to Covid 19 the Magenta Theater did not have Improv theater after March 2020
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01772
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03857
IRS990/ProgSrvcAccomActy3Grp/Desc0MAGENTOTS - Magenta's MagenTOTS shows are based on your favorite fairy tales, fables, and books. Productions feature interactive elements, audience participation, and a special autograph and photo session with the actors post show. MagenTOTS productions are geared toward children aged 4-10. Due to Covid 19 the TOTS shows were cancelled for the year of 2020.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0642
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0856
IRS990/ProgSrvcAccomActyOtherGrp/Desc0BLACK CHAIR PROJECT - The Black Chair Project is comprised of staged readings. Oftentimes, actors who are inconsistent with their line memorization or physical skills, can participate in this project. There are usually five rehearsals, one performance and minimal staging. In 2020 there were not any performances after March 2020.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Program General. Due to Covid 19 all in person productions after March 2020 were canceled. All the income and expenses were for maintaining the Theater through this difficult year.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0539
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt126637
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt10
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt02491
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt15650
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt086482
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt062
IRS990/PYOtherExpensesAmt0178928
IRS990/PYOtherRevenueAmt05745
IRS990/PYProgramServiceRevenueAmt0175672
IRS990/PYRevenuesLessExpensesAmt087365
IRS990/PYSalariesCompEmpBnftPaidAmt01668
IRS990/PYTotalExpensesAmt0180596
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0267961
IRS990/ReconcilationRevenueExpnssAmt0-10094
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt060621
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0124527
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0267899
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0236630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0157176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0132972
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0919204
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt062
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt093
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportTotal170Amt0919204
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0124527
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0267899
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0236630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0157176
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0132972
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0919204
IRS990ScheduleA/TotalSupportAmt0919297
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013601
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013601
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0245718
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt051716
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0297434
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0245718
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Due to Covid 19 in 2020 the Magenta Theater was closed most of 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed by the Treasurer and Board President and forwarded to the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors reviews the conflict of interest policy annually and reviews any issues that may be of concern.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Magenta Board of Directors discusses, reviews and approves the compensation annually for the Executive Director and Artistic Director. They also review the Stipends paid out to the 1099 professionals involved with putting on the productions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Magenta Theaters governing documents, policies, and financial statements are made available to the public upon request and other's website.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.35$0.24$4.11$2.01$1.99$0.02
2023Detailed filing. Detailed filing data is available for this year.$4.32$0.23$4.09$2.30$1.88$0.43
2022Detailed filing. Detailed filing data is available for this year.$4.17$0.51$3.66$1.95$2.02$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.20$0.41$3.79$2.41$1.37$1.04
2020Detailed filing. Detailed filing data is available for this year.$3.37$0.66$2.71$1.25$1.35$0.10
2019Detailed filing. Detailed filing data is available for this year.$3.86$1.05$2.81$2.68$1.81$0.87
2016Detailed filing. Detailed filing data is available for this year.$2.21$1.37$0.84$1.67$1.52$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.13$0.69$1.14$1.00$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.60$0.14$0.46$1.17$0.98$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.10$0.28$0.74$0.77$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.06$0.30$0.79$0.69$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.05$0.21$0.65$0.63$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.05$0.19$0.62$0.59$0.02