Civic Intelligence

Bay Area Children'S Theatre Fka Active Arts Theatre for Young Audien

EIN 55-0871317 • 501(c)3 • San Francisco, CA

Profile

The mission of the bay area children's theatre is to inspire young audiences with imaginative productions, introduce children of all backgrounds to the excitement of live theatre, and create an engaging, entertaining, and educational environment in which children and their families can explore and enjoy the arts.significant activites for the fiscal year include producing six main stage shows for family audiences performing in oakland, berkeley, and san ramon; offering classes for youth ages 5-12 in musical theatre; and touring production to elementary schools.

PO Box 27526San Francisco, CA 94127

www.bactheatre.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

352%

Higher net margin than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2024

Assets

Down

$0

Down $636,929 (-100%) from 2021

Liabilities

Down

$991,356

Down $502,839 (-34%) from 2021

Net Assets

Down

-$991,356

Down $134,090 (-16%) from 2021

Revenue

Down

-$224,318

Down $974,329 (-130%) from 2021

Expenses

Down

$566,234

Down $706,746 (-56%) from 2021

Net Income

Down

-$790,552

Down $267,583 (-51%) from 2021

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $75,223Liabilities 2011: $0Net Assets 2011: $75,2232011Assets 2012: $85,463Liabilities 2012: $0Net Assets 2012: $85,4632012Assets 2013: $102,912Liabilities 2013: $0Net Assets 2013: $102,9122013Assets 2014: $168,651Liabilities 2014: $19,316Net Assets 2014: $149,3352014Assets 2015: $262,010Liabilities 2015: $109,541Net Assets 2015: $152,4692015Assets 2016: $241,973Liabilities 2016: $372,579Net Assets 2016: -$130,6062016Assets 2017: $316,423Liabilities 2017: $426,577Net Assets 2017: -$110,1542017Assets 2018: $417,184Liabilities 2018: $784,627Net Assets 2018: -$367,4432018Assets 2019: $1,442,483Liabilities 2019: $1,806,230Net Assets 2019: -$363,7472019Assets 2020: $1,027,065Liabilities 2020: $1,364,301Net Assets 2020: -$337,2362020Assets 2021: $636,929Liabilities 2021: $1,494,195Net Assets 2021: -$857,2662021Assets 2024: $0Liabilities 2024: $991,356Net Assets 2024: -$991,3562024

Highlighted filing

2024

Assets$0
Liabilities$991,356
Net Assets-$991,356

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $318,501Expenses 2011: $250,097Net Income 2011: $68,4042011Expenses 2012: $532,7402012Revenue 2013: $661,088Expenses 2013: $643,639Net Income 2013: $17,4492013Revenue 2014: $1,104,136Expenses 2014: $1,057,882Net Income 2014: $46,2542014Revenue 2015: $1,776,314Expenses 2015: $1,773,180Net Income 2015: $3,1342015Revenue 2016: $2,262,832Expenses 2016: $2,353,774Net Income 2016: -$90,9422016Revenue 2017: $2,902,161Expenses 2017: $2,881,709Net Income 2017: $20,4522017Revenue 2018: $3,483,617Expenses 2018: $3,740,906Net Income 2018: -$257,2892018Revenue 2019: $4,599,298Expenses 2019: $4,588,743Net Income 2019: $10,5552019Revenue 2020: $3,328,325Expenses 2020: $3,305,326Net Income 2020: $22,9992020Revenue 2021: $750,011Expenses 2021: $1,272,980Net Income 2021: -$522,9692021Revenue 2024: -$224,318Expenses 2024: $566,234Net Income 2024: -$790,5522024

Highlighted filing

2024

Revenue-$224,318
Expenses$566,234
Net Income-$790,552

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 23, 2024
Return Version
2023v6.0
Gross Receipts
$298,355
Mission and Program Overview

Mission

BACT serves more than 90,000 children & adults in the Bay Area, with main stage performances in Berkeley, Oakland, San Francisco & San Ramon; selected productions in local schools; and classes and summer camps in more than 10 East Bay communities.

Bact filed a chapter 7 bankruptcy peition on july 24, 2023 in the northern district of california. The bankruptcy case number is 23-40890. Prior to the bankruptcy filing, bact served more than 90,000 children & adults in the bay area, with main stage performances in berkeley, oakland, san francisco & san ramon; selected productions in local schools; and classes and summer camps in more than 10 east bay communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$566,192$0▼ $566,192
Cash and Non-Interest-Bearing Accounts$119,661$0▼ $119,661
Accounts Receivable$21,175$0▼ $21,175
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,058,784$0▼ $1,058,784
Other Assets Total$351,756$0▼ $351,756
Liabilities
Other Liabilities$976,955$708,723▼ $268,232
Accounts Payable and Accrued Expenses$230,382$230,382→ $0
Unsecured Notes Loans Payable$52,251$52,251→ $0
Total Liabilities$1,259,588$991,356▼ $268,232
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-200,804$-991,356▼ $790,552
Total Net Assets Fund Balance$-200,804$-991,356▼ $790,552
Total Liabilities and Net Assets / Fund Balance$1,058,784$0▼ $1,058,784
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-224,318
Other Revenue
$0
Change in Net Assets
$-790,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$566,234
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$68,036-$68,036
Other Expenses$20,053--$20,053
All Other Expenses$-9,309$9,443-$134
Total Functional Expenses$488,755$77,479$0$566,234
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$739,490
Lease Liability$237,045
Payroll Liabilities$420
Claim Payments$-268,232
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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 was reviewed by the chapter 7 bankruptcy trustee prior to filing.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Bay Area Childrens Theatre
EIN
55-0871317
Phone
4155041926
Address
PO BOX 27526, SAN FRANCISCO, CA 94127

Signing Officer

Name
Michael Kasolas
Title
Trustee
Signed
2024-12-23
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Kokjer Pierotti Maiocco &duck
Address
333 PINE ST 5TH FLOOR, SAN FRANCISCO, CA 94104
Preparer
Richard Pierotti
Phone
4159814224
Supplemental Narrative

Additional Explanations

Statement Note 1

Disclosure statement regarding books and records-the organization filed a chapter 7 bankruptcy petition in the northern district of california on july 24, 2023. The case number 23-40890. Michael g. Kasolas is the chapter 7 trustee. The debtor did not file tax forms for the year ended june 30, 2023. The debtor did not provide the trustee will complete financial records for the year ended june 30, 2023 or the prepetition period of the fiscal year ended june 30, 2024. This return has been prepared using the best information available to the chapter 7 trustee. This is the final tax return that will be filed by the bankruptcy estate.

Financial Statement Notes

Part X : FIN48 Footnote

Bact is organized as a california nonprofit cordporation and has been recognized by the irs as exempt from federal income taxes under irs section 501(a) as an organization described in irs section 501(c)(3), qualifying for the charitable contribution deduction under irc sections 170(b)(1)(a)(vi) and (viii), and has been determined not to be a private foundation un der irc sections 509(a)(1) and (3), respectively. Bact is annually required to file a return of organization exempt from income tax (form 990) with the irs. Bact is not required to file an exempt organization business income tax return (form 990-t) because it had no unrelated business taxable income for years ended june 30, 2021 and 2020, no information is available for years ended june 30, 2022 and 2023.bact has received notification from the internal revenue service and the state of california that it qualifies for tax-exempt status under section 501(c)(c)(3) of the internal revenue code and section 23701d of the california revenue and taxation code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that bact continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status.

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IRS990/MissionDesc0OUR MISSION WAS TO INSPIRE YOUNG AUDIENCES WITH IMAGINATIVE PRODUCTIONS, INTRODUCE CHILDREN OF ALL BACKGROUNDS TO THE EXCITEMENT OF LIVE THEATRE, AND CREATE AN ENGAGING, ENTERTAINING, AND EDUCATIONAL ENVIRONMENT IN WHICH CHILDREN AND THEIR FAMILIES CAN EXPLORE AND ENJOY THE ARTS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BACT IS ORGANIZED AS A CALIFORNIA NONPROFIT CORDPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRS SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRS SECTION 501(C)(3), QUALIFYING FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UN DER IRC SECTIONS 509(A)(1) AND (3), RESPECTIVELY. BACT IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. BACT IS NOT REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) BECAUSE IT HAD NO UNRELATED BUSINESS TAXABLE INCOME FOR YEARS ENDED JUNE 30, 2021 AND 2020, NO INFORMATION IS AVAILABLE FOR YEARS ENDED JUNE 30, 2022 AND 2023.BACT HAS RECEIVED NOTIFICATION FROM THE INTERNAL REVENUE SERVICE AND THE STATE OF CALIFORNIA THAT IT QUALIFIES FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE EXEMPTIONS ARE SUBJECT TO PERIODIC REVIEW BY THE FEDERAL AND STATE TAXING AUTHORITIES AND MANAGEMENT IS CONFIDENT THAT BACT CONTINUES TO SATISFY ALL FEDERAL AND STATE STATUTES IN ORDER TO QUALIFY FOR CONTINUED TAX EXEMPTION STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0SAN FRANCISCO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE CHAPTER 7 BANKRUPTCY TRUSTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSURE STATEMENT REGARDING BOOKS AND RECORDS-THE ORGANIZATION FILED A CHAPTER 7 BANKRUPTCY PETITION IN THE NORTHERN DISTRICT OF CALIFORNIA ON JULY 24, 2023. THE CASE NUMBER 23-40890. MICHAEL G. KASOLAS IS THE CHAPTER 7 TRUSTEE. THE DEBTOR DID NOT FILE TAX FORMS FOR THE YEAR ENDED JUNE 30, 2023. THE DEBTOR DID NOT PROVIDE THE TRUSTEE WILL COMPLETE FINANCIAL RECORDS FOR THE YEAR ENDED JUNE 30, 2023 OR THE PREPETITION PERIOD OF THE FISCAL YEAR ENDED JUNE 30, 2024. THIS RETURN HAS BEEN PREPARED USING THE BEST INFORMATION AVAILABLE TO THE CHAPTER 7 TRUSTEE. THIS IS THE FINAL TAX RETURN THAT WILL BE FILED BY THE BANKRUPTCY ESTATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Statement Note 1
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