Civic Intelligence

American Conservatory Theatre Foundation

EIN 94-6135772 • 501(c)3 • San Francisco, CA

Profile

Production of theater and actor training. American conservatory theater nurtures the art of live theater through dynamic productions, intensive actor training in its conservatory, and an ongoing dialogue with its community. Under the leadership of artistic director carey perloff, a.c.t. Embraces its responsibility to conserve, renew, and reinvent the rich theatrical traditions that are our collective legacy, while exploring new artistic forms and new communities. A commitment to the highest standards informs every aspect of a.c.t.'s creative work.

415 Geary StreetSan Francisco, CA 94102

www.act-sf.org

Siviq Scores

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

Liabilities / Assets

44th percentile

0.19x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.69x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

5th percentile

-43%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$455,652

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

8th percentile

-9.8%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-58%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$81,641,483

Down $8,911,717 (-9.8%) from 2023

Liabilities

Down

$15,113,044

Down $1,817,704 (-11%) from 2023

Net Assets

Down

$66,528,439

Down $7,094,013 (-9.6%) from 2023

Revenue

Down

$22,001,888

Down $29,901,490 (-58%) from 2023

Expenses

Up

$31,504,214

Up $8,035,643 (+34%) from 2023

Net Income

Down

-$9,502,326

Down $37,937,133 (-133%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $41,703,031Liabilities 2010: $5,627,197Net Assets 2010: $36,075,8342010Assets 2011: $44,088,359Liabilities 2011: $6,961,071Net Assets 2011: $37,127,2882011Assets 2012: $46,251,743Liabilities 2012: $6,473,130Net Assets 2012: $39,778,6132012Assets 2013: $49,480,966Liabilities 2013: $7,739,594Net Assets 2013: $41,741,3722013Assets 2014: $88,005,418Liabilities 2014: $33,610,874Net Assets 2014: $54,394,5442014Assets 2015: $104,965,253Liabilities 2015: $44,253,924Net Assets 2015: $60,711,3292015Assets 2016: $103,453,008Liabilities 2016: $45,112,788Net Assets 2016: $58,340,2202016Assets 2017: $102,435,003Liabilities 2017: $45,080,313Net Assets 2017: $57,354,6902017Assets 2018: $101,239,160Liabilities 2018: $44,077,799Net Assets 2018: $57,161,3612018Assets 2019: $96,441,278Liabilities 2019: $44,247,364Net Assets 2019: $52,193,9142019Assets 2020: $99,440,836Liabilities 2020: $45,243,390Net Assets 2020: $54,197,4462020Assets 2021: $52,882,749Liabilities 2021: $8,616,831Net Assets 2021: $44,265,9182021Assets 2022: $51,278,061Liabilities 2022: $7,774,992Net Assets 2022: $43,503,0692022Assets 2023: $90,553,200Liabilities 2023: $16,930,748Net Assets 2023: $73,622,4522023Assets 2024: $81,641,483Liabilities 2024: $15,113,044Net Assets 2024: $66,528,4392024

Highlighted filing

2024

Assets$81,641,483
Liabilities$15,113,044
Net Assets$66,528,439

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $19,374,9362010Revenue 2011: $18,222,105Expenses 2011: $20,557,967Net Income 2011: -$2,335,8622011Revenue 2012: $21,982,885Expenses 2012: $19,369,736Net Income 2012: $2,613,1492012Expenses 2013: $19,885,3322013Revenue 2014: $31,679,095Expenses 2014: $19,814,776Net Income 2014: $11,864,3192014Revenue 2015: $27,485,796Expenses 2015: $21,011,848Net Income 2015: $6,473,9482015Revenue 2016: $21,421,018Expenses 2016: $23,590,704Net Income 2016: -$2,169,6862016Revenue 2017: $20,637,532Expenses 2017: $23,341,174Net Income 2017: -$2,703,6422017Revenue 2018: $24,392,655Expenses 2018: $26,546,426Net Income 2018: -$2,153,7712018Revenue 2019: $20,171,789Expenses 2019: $26,009,426Net Income 2019: -$5,837,6372019Revenue 2020: $25,468,600Expenses 2020: $23,697,804Net Income 2020: $1,770,7962020Revenue 2021: $20,975,914Expenses 2021: $34,921,509Net Income 2021: -$13,945,5952021Revenue 2022: $17,425,711Expenses 2022: $15,785,407Net Income 2022: $1,640,3042022Revenue 2023: $51,903,378Expenses 2023: $23,468,571Net Income 2023: $28,434,8072023Revenue 2024: $22,001,888Expenses 2024: $31,504,214Net Income 2024: -$9,502,3262024

Highlighted filing

2024

Revenue$22,001,888
Expenses$31,504,214
Net Income-$9,502,326

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.6$15.1$66.5$22.0$31.5$9.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.6$16.9$73.6$51.9$23.5$28.4
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.3$7.77$43.5$17.4$15.8$1.64
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.9$8.62$44.3$21.0$34.9$13.9
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.4$45.2$54.2$25.5$23.7$1.77
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.4$44.2$52.2$20.2$26.0$5.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$101$44.1$57.2$24.4$26.5$2.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$45.1$57.4$20.6$23.3$2.70
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$45.1$58.3$21.4$23.6$2.17
2015Detailed filing. Detailed filing data is available for this year.$105$44.3$60.7$27.5$21.0$6.47
2014Detailed filing. Detailed filing data is available for this year.$88.0$33.6$54.4$31.7$19.8$11.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.5$7.74$41.7$19.9
2012Summary only. Only limited summary data is available for this year.$46.3$6.47$39.8$22.0$19.4$2.61
2011Summary only. Only limited summary data is available for this year.$44.1$6.96$37.1$18.2$20.6$2.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.7$5.63$36.1$19.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$56,530,852
Mission and Program Overview

Mission

American conservatory theatre foundation (act foundation) is an essential gathering place that brings artists and communities together to inspire and provoke through the creation of theater and through training and education.

A.c.t. Foundation nurtures the art of live theater, actor training and community engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$45,896,754$48,841,123▲ $2,944,369
Land, Buildings, and Equipment, Net$20,750,046$18,774,423▼ $1,975,623
Pledges and Grants Receivable$3,653,501$3,345,089▼ $308,412
Cash and Non-Interest-Bearing Accounts$13,062,570$2,987,485▼ $10,075,085
Savings and Temporary Cash Investments$1,853,659$2,368,233▲ $514,574
Investments Other Securities$1,583,592$1,246,538▼ $337,054
Prepaid Expenses and Deferred Charges$437,153$722,163▲ $285,010
Accounts Receivable$166,841$535,840▲ $368,999
Total Assets$90,553,200$81,641,483▼ $8,911,717
Other Assets Total$3,149,084$2,820,589▼ $328,495
Liabilities
Other Liabilities$8,520,769$8,379,161▼ $141,608
Accounts Payable and Accrued Expenses$2,949,109$3,053,995▲ $104,886
Unsecured Notes Loans Payable$2,000,000$2,000,000→ $0
Deferred Revenue$3,397,359$1,629,863▼ $1,767,496
Mortgage Notes Payable Secured by Investment Property$63,511$50,025▼ $13,486
Total Liabilities$16,930,748$15,113,044▼ $1,817,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,306,060$39,521,105▼ $7,784,955
Net Assets With Donor Restrictions$26,316,392$27,007,334▲ $690,942
Total Net Assets Fund Balance$73,622,452$66,528,439▼ $7,094,013
Total Liabilities and Net Assets / Fund Balance$90,553,200$81,641,483▼ $8,911,717

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,126,358$18,783,278$28,909,636
Other Land Buildings$6,716,994$3,109,036$9,826,030
Equipment$757,182$2,804,991$3,562,173
Land$1,173,889-$1,173,889

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$26,365,807-▲ $2,685,126$3,725,215$25,258,909
2022$25,650,190-▲ $1,931,886$1,127,168$26,365,807
2021$27,987,236$1,000,000▼ $2,136,060$1,105,997$25,650,190
2020$24,292,329-▲ $4,795,529$50,622$27,987,236
2019$25,476,821-▲ $415,508-$24,292,329
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer BielsteinExecutive DirectorFT$435,791$19,861$455,652
Pamela MackinnonArtistic DirectorFT$426,809$14,291$441,100
Caitlin QuinnDirector of DevelopmentFT$269,102$13,261$282,363
James SivoriChief Financial OfficerFT$187,529$20,018$207,547
Shawn AnnecstonGeary Head Carpenter - BeloFT$156,398$36,470$192,868
Thomas MorganIt DirectorFT$172,949$3,438$176,387
Chrystal Ellis SweazeyDirector of Human Resources and EdiFT$171,407$606$172,013
Eduardo Nicholas MasiasGeary Head Electrician - BeloFT$135,287$32,275$167,562
Martin BarronDirector of ProductionFT$141,736$21,009$162,745
Louisa Liska Director ofGeneral Management & OperationsFT$141,675$19,589$161,264
Sasha HabashDeputy Director of DevelopmentFT$137,787$10,522$148,309
Adam Thurman Director ofMarketing & CommunicationsFT$141,815-$141,815

Board Members and Trustees

NameTitle
Jeffrey S MinickChair - Board of Trustees
David RiemerImmediate Past Chair
Joaquin TorresPresident - Board of Trustees
Adriana Lopez VermutVice Chair - Board of Trustees
Priscilla GeeslinVice Chair - Board of Trustees
Rusty RueffVice Chair - Board of Trustees
Steven L SwigVice Chair - Board of Trustees
Robina RiccitielloSecretary - Board of Trustees
David L JonesTreasurer - Board of Trustees
Bd WongTrustee
Cristy Johnston LimonTrustee
Daniel SturmanTrustee
Heather Stallings LittleTrustee
Jascha Kaykas-wolffTrustee
Jay YamadaTrustee
Jesse Lee EllerTrustee
Jill CowanTrustee
Jomar TagatacTrustee
Kathleen DonohueTrustee
Ken FulkTrustee
Laura PoseyTrustee
Linda Jo FitzTrustee
Luba KipnisTrustee
Marcia Barrow TaylorTrustee
Mark TownsleyTrustee
Mary HynesTrustee
Michele Ballard MillerTrustee
Norman AbramsonTrustee
Rachel GarlinTrustee
Rodman MarymorTrustee
Rodney Earl Jackson JrTrustee
Schatzie Allen-jeffersonTrustee
Toni Ratner MillerTrustee
Toni RembeTrustee
John GarfinkleTrustee (as of 02/01/24)
Lara HitchcockTrustee (thru 02/01/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
California Shakespeare TheaterScenic, Stage Design, And Build21 ORINDA WAY SUITE C PMB 509, Orinda, CA 94563$673,260
Plant Construction Company LPContruction300 NEWHALL STREET, San Francisco, CA 94124$367,049
Capacity Interactive Consulting LLCAdvertising82 NASSAU STREET, New York, NY 10038$338,090
4wall Entertainment INCStage Lighting Rental3165 WEST SUNSET ROAD SUITE 100, Las Vegas, NV 89118$300,620
Kgo Television INCAdvertisingPO BOX 732384, Dallas, TX 75373$190,634
Revenue and Support

Revenue Composition

Contributions and Grants
$5,336,256
Program Service Revenue
$12,668,005
Investment Income
$3,882,267
Other Revenue
$115,360
All Other Contributions
$4,487,732
Change in Net Assets
$-9,502,326

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11$180,955Fair Market Value (FMV)
Other Non Cash Contri Table2$12,023Selling Price
Total Noncash Contributions13$192,978-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$18,094,906
Other Expenses$13,318,939
Total Fundraising Expense$2,194,675
Grants and Similar Amounts Paid$90,369
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,591,376$1,007,973$836,380$12,435,729
Current Officers, Directors, Trustees, and Key Employees$1,026,768$603,091$450,661$2,080,520
Occupancy$1,436,290$386,573$159,381$1,982,244
Other Employee Benefits$1,548,559$286,023$90,108$1,924,690
Advertising$1,841,829$1,309$34,090$1,877,228
Travel$1,255,174$39,195$8,377$1,302,746
Payroll Taxes$1,000,876$99,184$93,090$1,193,150
Depreciation Depletion$697,212$314,305$129,585$1,141,102
Fees for Services Other$158,117$211,313$270,351$639,781
Information Technology$447,541$101,716$41,936$591,193
Pension Plan Contributions$425,649$31,834$3,334$460,817
Other Expenses$415,232$1,376$13,444$430,052
Royalties$361,993--$361,993
Insurance$262,255$65,165$27,772$355,192
All Other Expenses$274,518$45,502$9,678$329,698
Fees for Services Accounting-$166,475-$166,475
Fees for Service Investment Mgmnt Fees-$142,767-$142,767
Office Expenses$84,437$16,611$6,538$107,586
Grants to Domestic Individuals$90,369--$90,369
Interest$4,319$51,848-$56,167
Fees for Services Legal$12,250$31,645-$43,895
Total Functional Expenses$25,563,323$3,746,216$2,194,675$31,504,214
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$171,337
Fundraising Gross Income$59,005
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$439,397$59,005$59,316$-311
Total Events$439,397$59,005$171,337$-112,332
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Leases Obligation$6,953,407
Deferred Developer Fees$830,769
Due to A.c.t. Foundation$302,016
Pension Plan Liability$270,712
Long Term Liability$22,257
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is prepared by moss adams llp based on audited financial statements and with the assistance of a.c.t. Foundation's finance and accounting staff. The draft is reviewed by the controller, cfo and the executive director with revisions incorporated as needed. The tax return is also provided to the audit committee and is made available to all trustees.

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

The board of trustees and officers are required to fill out a conflict of interest disclosure statement on an annual basis. Trustees are expected to recuse themselves from board of trustee or committee meetings where a conflict of interest may arise. Staff and board leadership are also aware of the conflicts in order to enforce compliance. A.c.t. Foundation ensures monitoring of contracts and transactions and enforcement procedures to investigate and take corrective action when a potential conflict has been identified.

Form 990, Part VI, Section B, Line 15

Compensation for the artistic director and the executive director is reviewed and approved by a sub-committee appointed by the board. The artistic director and executive director are contracted directly by the board, with contracts covering mutli-year terms. As part of the renewal process, the board utilizes data from industry specific sources to benchmark compensation for these positions. Compensation for key employees is determined by benchmarking against market/industry specific data within both the theater and non-profit industries.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are available to the public upon request. A.c.t. Foundation's conflict of interest policy is available to the public upon request. Audited financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
American Conservatory Theatre Foundation
EIN
94-6135772
Phone
4158343200
Address
415 GEARY STREET, SAN FRANCISCO, CA 94102
Doing Business As
American Conservatory Theater

Signing Officer

Name
Jim Sivori
Title
CFO
Phone
4158343200
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Bielstein
Formed
1966
Legal Domicile
CA
Voting Board Members
37
Independent Board Members
35
Employees
810
Volunteers
200

Preparer

Firm
Moss Adams Llp
Address
3121 W MARCH LN STE 200, STOCKTON, CA 95219-2367
Preparer
Qi Wen Liang
Phone
2099556100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

UBI -29,357.

Financial Statement Notes

PART V, LINE 4:

The earnings of a.c.t. Foundation's endowment funds provide program and institutional support to deliver all of a.c.t. Foundation theater, training and education programs.

Raw XML AppendixShowing 400 of 1,177 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/Desc0A.C.T. FOUNDATION IS NATIONALLY RECOGNIZED FOR ITS GROUNDBREAKING PRODUCTIONS OF CLASSICAL AND CONTEMPORARY PLAYWRITING, AND CELEBRATED ACTOR TRAINING, EDUCATION AND COMMUNITY PROGRAMS. THE COMPANY PRODUCES CHALLENGING THEATER IN THE RICH CONTEXT OF SYMPOSIA, AUDIENCE DISCUSSIONS AND COMMUNITY INTERACTION.
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