Civic Intelligence

Cygnet Theatre Company

EIN 57-1146474 • 501(c)3 • San Diego, CA

Profile

Believing in the power of theatre to startle the soul, ignite, debate and embrace the diversity of the community in which it serves, the theatre is fearlessly committed to the dissection, examination and celebration of the human story through the medium of live theatre. Cygnet education mission statement: the foundation of our philosophy and programming is grounded in prioritizing diversity, equity, and inclusion. We are committed to forging long-lasting relationships with communities that are not part of our theatre history and are less visible in our theatre populations. We are dedicated to building a cygnet theatre bridge by investing in the neighborhoods we serve. We are resolved to listen to the narratives of the communities we serve to achieve our goals mutually.

2880 Roosevelt RdSan Diego, CA 92110

www.cygnettheatre.com

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.24x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

56th percentile

0.20x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

60th percentile

$153,369

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

98th percentile

193%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

93rd percentile

129%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$6,274,973

Up $4,133,703 (+193%) from 2024

Liabilities

Up

$1,528,313

Up $274,763 (+22%) from 2024

Net Assets

Up

$4,746,660

Up $3,858,940 (+435%) from 2024

Revenue

Up

$7,598,190

Up $4,277,877 (+129%) from 2024

Expenses

Up

$3,815,407

Up $428,385 (+13%) from 2024

Net Income

Up

$3,782,783

Up $3,849,492 (+5771%) from 2024

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $812,154Liabilities 2012: $578,253Net Assets 2012: $233,9012012Assets 2013: $810,985Liabilities 2013: $497,893Net Assets 2013: $313,0922013Assets 2014: $784,090Liabilities 2014: $519,627Net Assets 2014: $264,4632014Assets 2015: $816,367Liabilities 2015: $573,133Net Assets 2015: $243,2342015Assets 2016: $807,835Liabilities 2016: $598,964Net Assets 2016: $208,8712016Assets 2017: $882,777Liabilities 2017: $847,973Net Assets 2017: $34,8042017Assets 2018: $944,114Liabilities 2018: $914,967Net Assets 2018: $29,1472018Assets 2019: $796,147Liabilities 2019: $768,605Net Assets 2019: $27,5422019Assets 2020: $1,007,681Liabilities 2020: $1,039,108Net Assets 2020: -$31,4272020Assets 2021: $1,332,869Liabilities 2021: $676,125Net Assets 2021: $656,7442021Assets 2022: $1,709,348Liabilities 2022: $1,219,490Net Assets 2022: $489,8582022Assets 2023: $2,059,033Liabilities 2023: $1,116,995Net Assets 2023: $942,0382023Assets 2024: $2,141,270Liabilities 2024: $1,253,550Net Assets 2024: $887,7202024Assets 2025: $6,274,973Liabilities 2025: $1,528,313Net Assets 2025: $4,746,6602025

Highlighted filing

2025

Assets$6,274,973
Liabilities$1,528,313
Net Assets$4,746,660

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $1,748,827Expenses 2012: $1,884,452Net Income 2012: -$135,6252012Revenue 2013: $1,880,850Expenses 2013: $1,801,659Net Income 2013: $79,1912013Revenue 2014: $2,012,017Expenses 2014: $2,060,646Net Income 2014: -$48,6292014Revenue 2015: $2,239,886Expenses 2015: $2,261,115Net Income 2015: -$21,2292015Revenue 2016: $2,440,161Expenses 2016: $2,474,524Net Income 2016: -$34,3632016Revenue 2017: $2,688,128Expenses 2017: $2,862,195Net Income 2017: -$174,0672017Revenue 2018: $2,486,219Expenses 2018: $2,491,876Net Income 2018: -$5,6572018Revenue 2019: $2,600,317Expenses 2019: $2,601,922Net Income 2019: -$1,6052019Revenue 2020: $2,257,341Expenses 2020: $2,316,145Net Income 2020: -$58,8042020Revenue 2021: $1,678,907Expenses 2021: $992,053Net Income 2021: $686,8542021Revenue 2022: $2,638,495Expenses 2022: $2,792,643Net Income 2022: -$154,1482022Revenue 2023: $3,563,151Expenses 2023: $3,118,100Net Income 2023: $445,0512023Revenue 2024: $3,320,313Expenses 2024: $3,387,022Net Income 2024: -$66,7092024Revenue 2025: $7,598,190Expenses 2025: $3,815,407Net Income 2025: $3,782,7832025

Highlighted filing

2025

Revenue$7,598,190
Expenses$3,815,407
Net Income$3,782,783

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.27$1.53$4.75$7.60$3.82$3.78
2024Detailed filing. Detailed filing data is available for this year.$2.14$1.25$0.89$3.32$3.39$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.06$1.12$0.94$3.56$3.12$0.45
2022Detailed filing. Detailed filing data is available for this year.$1.71$1.22$0.49$2.64$2.79$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.68$0.66$1.68$0.99$0.69
2020Detailed filing. Detailed filing data is available for this year.$1.01$1.04$0.03$2.26$2.32$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.77$0.03$2.60$2.60$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.91$0.03$2.49$2.49$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.85$0.03$2.69$2.86$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.60$0.21$2.44$2.47$0.03
2015Summary only. Only limited summary data is available for this year.$0.82$0.57$0.24$2.24$2.26$0.02
2014Summary only. Only limited summary data is available for this year.$0.78$0.52$0.26$2.01$2.06$0.05
2013Summary only. Only limited summary data is available for this year.$0.81$0.50$0.31$1.88$1.80$0.08
2012Summary only. Only limited summary data is available for this year.$0.81$0.58$0.23$1.75$1.88$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 2, 2026
Return Version
2024v5.0
Gross Receipts
$7,815,541
Mission and Program Overview

Mission

Believing in the power of theatre to startle the soul, ignite, debate and embrace the diversity of the community in which it serves, the theatre is fearlessly committed to the dissection, examination and celebration of the human story through the medium of live theatre. Cygnet education mission statement: the foundation of our philosophy and programming is grounded in prioritizing diversity, equity, and inclusion. We are committed to forging long-lasting relationships with communities that are not part of our theatre history and are less visible in our theatre populations. We are dedicated to building a cygnet theatre bridge by investing in the neighborhoods we serve. We are resolved to listen to the narratives of the communities we serve to achieve our goals mutually.

Believing in the power of theatre to startle the soul, ignite debate and embrace the diversity of the community in which it serves, cygnet theatre company is fearlessly committed to the dissection, examination and celebration of the human story through the medium of live theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$2,970,000-
Investments in Publicly Traded Securities-$1,716,506-
Savings and Temporary Cash Investments$196,111$663,035▲ $466,924
Cash and Non-Interest-Bearing Accounts$130,128$235,192▲ $105,064
Accounts Receivable$1,325,238$189,952▼ $1,135,286
Prepaid Expenses and Deferred Charges$224,407$183,704▼ $40,703
Land, Buildings, and Equipment, Net$134,988$147,470▲ $12,482
Inventories for Sale or Use$7,747$4,899▼ $2,848
Total Assets$2,141,270$6,274,973▲ $4,133,703
Other Assets Total$122,651$164,215▲ $41,564
Liabilities
Deferred Revenue$455,135$690,128▲ $234,993
Mortgage Notes Payable Secured by Investment Property$508,459$490,635▼ $17,824
Accounts Payable and Accrued Expenses$286,440$340,512▲ $54,072
Other Liabilities$3,516$7,038▲ $3,522
Total Liabilities$1,253,550$1,528,313▲ $274,763
Net Assets / Fund Balance
Net Assets With Donor Restrictions$401,319$4,992,892▲ $4,591,573
Net Assets Without Donor Restrictions$486,401$-246,232▼ $732,633
Total Net Assets Fund Balance$887,720$4,746,660▲ $3,858,940
Total Liabilities and Net Assets / Fund Balance$2,141,270$6,274,973▲ $4,133,703

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$101,603$1,020,532$1,122,135
Equipment$16,689$22,196$38,885
Leasehold Improvements$29,178$947$30,125
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Thomas MurrayArtistic Director$138,369$15,000$153,369
William SchmidtExecutive Di$138,369$15,000$153,369
William SchmidtExecutive Director$138,369$15,000$153,369

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$6,069,331
Program Service Revenue
$1,473,596
Investment Income
$33,537
Other Revenue
$21,726
All Other Contributions
$5,908,023
Change in Net Assets
$3,782,783

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,593,917
Revenue Not Reported on Financial Statements
$4,273
Revenue Not Reported on Form 990
$76,157
Total Revenue per Audited Statements
$7,670,074
Total Revenue per Form 990
$7,598,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,474,323
Other Expenses$1,341,084
Total Fundraising Expense$528,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,644,587$127,564$352,190$2,124,341
Advertising$287,480$1,596$44,597$333,673
Occupancy$207,514$62,030$6,893$276,437
Payroll Taxes$147,450$11,437$31,577$190,464
Other Employee Benefits$82,013$6,364$17,564$105,941
All Other Expenses$77,787$5,475$742$84,004
Office Expenses$51,965$10,151$8,445$70,561
Pension Plan Contributions$41,480$3,215$8,882$53,577
Depreciation Depletion$49,120$2,310$1,379$52,809
Other Expenses$41,874-$52,999$41,874
Fees for Services Accounting$11,359$8,881$2,432$22,672
Insurance$11,306$1,330$665$13,301
Interest-$8,927-$8,927
Fees for Service Investment Mgmnt Fees$4,273--$4,273
Total Functional Expenses$3,037,762$249,280$528,365$3,815,407

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,815,407
Expenses per Audited Statements$3,811,134
Total Expenses per Audited Statements$3,811,134
Expenses Not Reported on Financial Statements$4,273
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$235,694
Fundraising Direct Expenses$213,968
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cygnet Trip$226,294$226,294$210,718$15,576
Annual Gala$9,400$9,400$3,250$6,150
Total Events$235,694$235,694$213,968$21,726
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$7,038
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 2

William schmidt thomas murray exec dir artistic dir married

Form 990, Page 6, Part VI, Line 11B

The company's 990 is prepared by the auditor. The executive director reviews the 990 and submits it for the board's review. Upon approval by the board, the executive directors signs the 990 returns and authorizes electronic filing by the auditor.

Form 990, Page 6, Part VI, Line 12C

Officers and board members are required to sign a statement that they understand the conflict of interest policy and agree to abide by this policy. An annual verification of compliance by each officer and director is obtaineed.

Form 990, Page 6, Part VI, Line 15A

Management compensation is reviewed by the board of directors on an annual basis. The company uses survey date from the theatre communications group, a nationwide trade organization of non profit theatres, as well as compensation norms to set the compensation of management and staff.

Form 990, Page 6, Part VI, Line 15B

Board of director reviews and approves compensation for executive director.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cygnet Theatre Company
EIN
57-1146474
Phone
6195740059
Address
2880 ROOSEVELT RD, SAN DIEGO, CA 92110

Signing Officer

Name
William Schmidt
Title
Executive Director
Phone
6195740059
Signed
2026-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Bolt
Formed
2002
Legal Domicile
CA
Voting Board Members
18
Independent Board Members
18
Employees
181

Preparer

Firm
Am Owens CPA Apc
Address
10340 PASEO PARK DRIVE, LAKESIDE, CA 92040
Preparer
Alicia M Owens
Phone
6196982401
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Believing in the power of theatre to startle the soul, ignite, debate and embrace the diversity of the community in which it serves, the theatre is fearlessly committed to the dissection, examination and celebration of the human story through the medium of live theatre. Cygnet education mission statement: the foundation of our philosophy and programming is grounded in prioritizing diversity, equity, and inclusion. We are committed to forging long-lasting relationships with communities that are not part of our theatre history and are less visible in our theatre populations. We are dedicated to building a cygnet theatre bridge by investing in the neighborhoods we serve. We are resolved to listen to the narratives of the communities we serve to achieve our goals mutually.

Form 990, Page 2, Part III, Line 4A

The donald c. & elizabeth dickinson foundation cygnet scholarship the donald c. & elizabeth dickinson foundation cygnet scholarship offers a one-time 2,500 award to four san diego high school seniors, helping them pursue theater training programs across the u.s. This audition-based scholarship involves the following steps: nomination and preparation: participating san diego high schools nominate 6-10 students from their theater programs who demonstrate skills in singing and acting. These students prepare a 32-bar song and a 90-second, age- appropriate monologue. Selection workshop: cygnet theatre provides a 90-minute workshop to support the student selection process. Cygnet scholarship day: all selected students attend cygnet scholarship day, where they perform for a panel of judges. Four scholarship recipients are chosen based on these performances. Scholarship funds are awarded upon proof of enrollment, and recipients are free to use the funds as they see fit. The student matinee experience for nearly a decade, cygnet theatre has provided san diego county k-12 students with free matinee performances each season. Cygnet theatre offers four student matinees per season, which teachers in san diego county can register their classes to attend. These field trips often introduce students to live theater, expanding their world and cultivating an appreciation for the arts. Each cygnet production connects with some aspect of the human experience, making it universally relatable. In-school pre-show workshops: these workshops, aligned with california common core and san diego unified visual and performing arts standards, help students understand the work involved in producing a professional show. Each workshop includes a vibrant, engaging study guide that enriches the student experience. Post-show talkbacks: after each matinee, actors return to the stage for a discussion, answering students' questions about the play, the profession, and any other topics of interest. Cygnet artists in the schools pre-professional program: this eight-week onsite high school residency provides around 72 hours of professional instruction. Students apprentice under theater professionals, focusing on skills in production, organization, and task execution to meet industry demands. At the program's end, students earn a certificate of achievement. Beyond the bell after-school program: designed for students in grades 412, this eight-week program offers training in acting, singing, dancing, and other performance skills. These sessions build confidence, enhance public speaking, and strengthen writing and social skills. Classroom unit program: this six-week, in-class residency culminates in a student presentation. Tailored to complement existing school curricula, the program serves students in grades 412, providing a comprehensive theater education experience. From the page to the stage from the page to the stage is a free, 45-minute interactive presentation that brings literature to life, fostering a love of reading. Through live theater, it shows children and adults how stories by authors like cervantes, mark twain, and charles schulz transform into musicals. Featuring excerpts from beloved productions such as big river, man of la mancha, seussical the musical, wicked, and youre a good man, charlie brown, these mini-shows are performed by professional musical theater artists. This program now reaches diverse audiences at locations including the salvation army kroc center, parks and recreation centers, military bases, senior centers, schools, and public libraries.

Raw XML AppendixShowing 400 of 529 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/Desc0THE DONALD C. & ELIZABETH DICKINSON FOUNDATION CYGNET SCHOLARSHIP THE DONALD C. & ELIZABETH DICKINSON FOUNDATION CYGNET SCHOLARSHIP OFFERS A ONE-TIME 2,500 AWARD TO FOUR SAN DIEGO HIGH SCHOOL SENIORS, HELPING THEM PURSUE THEATER TRAINING PROGRAMS ACROSS THE U.S. THIS AUDITION-BASED SCHOLARSHIP INVOLVES THE FOLLOWING STEPS: NOMINATION AND PREPARATION: PARTICIPATING SAN DIEGO HIGH SCHOOLS NOMINATE 6-10 STUDENTS FROM THEIR THEATER PROGRAMS WHO DEMONSTRATE SKILLS IN SINGING AND ACTING. THESE STUDENTS PREPARE A 32-BAR SONG AND A 90-SECOND, AGE- APPROPRIATE MONOLOGUE. SELECTION WORKSHOP: CYGNET THEATRE PROVIDES A 90-MINUTE WORKSHOP TO SUPPORT THE STUDENT SELECTION PROCESS. CYGNET SCHOLARSHIP DAY: ALL SELECTED STUDENTS ATTEND CYGNET SCHOLARSHIP DAY, WHERE THEY PERFORM FOR A PANEL OF JUDGES. FOUR SCHOLARSHIP RECIPIENTS ARE CHOSEN BASED ON THESE PERFORMANCES. SCHOLARSHIP FUNDS ARE AWARDED UPON PROOF OF ENROLLMENT, AND RECIPIENTS ARE FREE TO USE THE FUNDS AS THEY SEE FIT. THE STUDENT MATINEE EXPERIENCE FOR NEARLY A DECADE, CYGNET THEATRE HAS PROVIDED SAN DIEGO COUNTY K-12 STUDENTS WITH FREE MATINEE PERFORMANCES EACH SEASON. CYGNET THEATRE OFFERS FOUR STUDENT MATINEES PER SEASON, WHICH TEACHERS IN SAN DIEGO COUNTY CAN REGISTER THEIR CLASSES TO ATTEND. THESE FIELD TRIPS OFTEN INTRODUCE STUDENTS TO LIVE THEATER, EXPANDING THEIR WORLD AND CULTIVATING AN APPRECIATION FOR THE ARTS. EACH CYGNET PRODUCTION CONNECTS WITH SOME ASPECT OF THE HUMAN EXPERIENCE, MAKING IT UNIVERSALLY RELATABLE. IN-SCHOOL PRE-SHOW WORKSHOPS: THESE WORKSHOPS, ALIGNED WITH CALIFORNIA COMMON CORE AND SAN DIEGO UNIFIED VISUAL AND PERFORMING ARTS STANDARDS, HELP STUDENTS UNDERSTAND THE WORK INVOLVED IN PRODUCING A PROFESSIONAL SHOW. EACH WORKSHOP INCLUDES A VIBRANT, ENGAGING STUDY GUIDE THAT ENRICHES THE STUDENT EXPERIENCE. POST-SHOW TALKBACKS: AFTER EACH MATINEE, ACTORS RETURN TO THE STAGE FOR A DISCUSSION, ANSWERING STUDENTS' QUESTIONS ABOUT THE PLAY, THE PROFESSION, AND ANY OTHER TOPICS OF INTEREST. CYGNET ARTISTS IN THE SCHOOLS PRE-PROFESSIONAL PROGRAM: THIS EIGHT-WEEK ONSITE HIGH SCHOOL RESIDENCY PROVIDES AROUND 72 HOURS OF PROFESSIONAL INSTRUCTION. STUDENTS APPRENTICE UNDER THEATER PROFESSIONALS, FOCUSING ON SKILLS IN PRODUCTION, ORGANIZATION, AND TASK EXECUTION TO MEET INDUSTRY DEMANDS. AT THE PROGRAM'S END, STUDENTS EARN A CERTIFICATE OF ACHIEVEMENT. BEYOND THE BELL AFTER-SCHOOL PROGRAM: DESIGNED FOR STUDENTS IN GRADES 412, THIS EIGHT-WEEK PROGRAM OFFERS TRAINING IN ACTING, SINGING, DANCING, AND OTHER PERFORMANCE SKILLS. THESE SESSIONS BUILD CONFIDENCE, ENHANCE PUBLIC SPEAKING, AND STRENGTHEN WRITING AND SOCIAL SKILLS. CLASSROOM UNIT PROGRAM: THIS SIX-WEEK, IN-CLASS RESIDENCY CULMINATES IN A STUDENT PRESENTATION. TAILORED TO COMPLEMENT EXISTING SCHOOL CURRICULA, THE PROGRAM SERVES STUDENTS IN GRADES 412, PROVIDING A COMPREHENSIVE THEATER EDUCATION EXPERIENCE. FROM THE PAGE TO THE STAGE FROM THE PAGE TO THE STAGE IS A FREE, 45-MINUTE INTERACTIVE PRESENTATION THAT BRINGS LITERATURE TO LIFE, FOSTERING A LOVE OF READING. THROUGH LIVE THEATER, IT SHOWS CHILDREN AND ADULTS HOW STORIES BY AUTHORS LIKE CERVANTES, MARK TWAIN, AND CHARLES SCHULZ TRANSFORM INTO MUSICALS. FEATURING EXCERPTS FROM BELOVED PRODUCTIONS SUCH AS BIG RIVER, MAN OF LA MANCHA, SEUSSICAL THE MUSICAL, WICKED, AND YOURE A GOOD MAN, CHARLIE BROWN, THESE MINI-SHOWS ARE PERFORMED BY PROFESSIONAL MUSICAL THEATER ARTISTS. THIS PROGRAM NOW REACHES DIVERSE AUDIENCES AT LOCATIONS INCLUDING THE SALVATION ARMY KROC CENTER, PARKS AND RECREATION CENTERS, MILITARY BASES, SENIOR CENTERS, SCHOOLS, AND PUBLIC LIBRARIES.
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