Civic Intelligence

Fountain Theatre

990 • Fiscal year 2023 • EIN 95-3119081

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

5060 Fountain AvenueLos Angeles, CA 90029

(323) 663-1525

Siviq Scores

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

Liabilities / Assets

67th percentile

0.20x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.14x

Higher debt load relative to revenue than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

30th percentile

-5.1%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$76,284

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

4.3%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$815,975

Down $126,000 (-13%) from 2022

Net Assets

Down

$651,084

Down $89,354 (-12%) from 2022

Liabilities

Down

$164,891

Down $36,646 (-18%) from 2022

Revenue

Up

$1,201,408

Up $49,742 (+4.3%) from 2022

Expenses

Down

$1,263,161

Down $4,754 (-0.4%) from 2022

Net Income

Up

-$61,753

Up $54,496 (+47%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $480,371Liabilities 2011: $39,743Net Assets 2011: $440,6282011Assets 2012: $470,607Liabilities 2012: $30,697Net Assets 2012: $439,9102012Assets 2013: $462,285Liabilities 2013: $18,887Net Assets 2013: $443,3982013Assets 2014: $455,232Liabilities 2014: $10,922Net Assets 2014: $444,3102014Assets 2015: $462,305Liabilities 2015: $2,552Net Assets 2015: $459,7532015Assets 2016: $508,087Liabilities 2016: $3,907Net Assets 2016: $504,1802016Assets 2017: $625,063Liabilities 2017: $38,879Net Assets 2017: $586,1842017Assets 2018: $622,533Liabilities 2018: $34,663Net Assets 2018: $587,8702018Assets 2020: $765,643Liabilities 2020: $236,288Net Assets 2020: $529,3552020Assets 2021: $864,607Liabilities 2021: $112,248Net Assets 2021: $752,3592021Assets 2022: $941,975Liabilities 2022: $201,537Net Assets 2022: $740,4382022Assets 2023: $815,975Liabilities 2023: $164,891Net Assets 2023: $651,0842023Assets 2024: $2,064,151Liabilities 2024: $117,572Net Assets 2024: $1,946,5792024

Highlighted filing

2023

Assets$815,975
Liabilities$164,891
Net Assets$651,084

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $555,1972011Expenses 2012: $608,2432012Revenue 2013: $634,248Expenses 2013: $630,760Net Income 2013: $3,4882013Revenue 2014: $552,539Expenses 2014: $551,627Net Income 2014: $9122014Revenue 2015: $547,792Expenses 2015: $532,349Net Income 2015: $15,4432015Revenue 2016: $602,943Expenses 2016: $558,516Net Income 2016: $44,4272016Revenue 2017: $659,615Expenses 2017: $592,539Net Income 2017: $67,0762017Revenue 2018: $833,024Expenses 2018: $831,338Net Income 2018: $1,6862018Revenue 2020: $574,588Expenses 2020: $514,225Net Income 2020: $60,3632020Revenue 2021: $1,209,653Expenses 2021: $1,038,099Net Income 2021: $171,5542021Revenue 2022: $1,151,666Expenses 2022: $1,267,915Net Income 2022: -$116,2492022Revenue 2023: $1,201,408Expenses 2023: $1,263,161Net Income 2023: -$61,7532023Revenue 2024: $1,256,120Expenses 2024: $1,364,698Net Income 2024: -$108,5782024

Highlighted filing

2023

Revenue$1,201,408
Expenses$1,263,161
Net Income-$61,753
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,201,408
Mission and Program Overview

Mission

To create, develop, and publicly produce live theatrical productions and dance events that reflect the diversity of Los Angeles and the nation. To enhance the lives of young people through educational arts programs serving multiple communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$586,454$650,368▲ $63,914
Cash and Non-Interest-Bearing Accounts$111,205$70,603▼ $40,602
Accounts Receivable$98,280$46,715▼ $51,565
Savings and Temporary Cash Investments$137,248$42,501▼ $94,747
Prepaid Expenses and Deferred Charges$8,787$5,788▼ $2,999
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-
Total Assets$941,975$815,975▼ $126,000
Other Assets Total$1$0▼ $1
Liabilities
Deferred Revenue$89,000$90,000▲ $1,000
Accounts Payable and Accrued Expenses$80,404$48,974▼ $31,430
Mortgage Notes Payable Secured by Investment Property$24,631$18,084▼ $6,547
Other Liabilities$7,502$7,833▲ $331
Total Liabilities$201,537$164,891▼ $36,646
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$740,438$651,084▼ $89,354
Total Net Assets Fund Balance$740,438$651,084▼ $89,354
Total Liabilities and Net Assets / Fund Balance$941,975$815,975▼ $126,000

Asset Categories

AssetBook ValueDepreciationBasis
Land$325,000-$325,000
Other Land Buildings$-22,566$254,610$232,044
Buildings$176,989-$176,989
Equipment$127,568-$127,568
Leasehold Improvements$43,377-$43,377
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephen SachsDirectorFT$76,284$76,284
Simon LevyDirectorFT$60,537$60,537
Barbara GoodhillDirectorPT$38,334$38,334

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$952,322
Program Service Revenue
$235,635
Investment Income
$2,080
Other Revenue
$11,371
All Other Contributions
$691,422
Change in Net Assets
$-61,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,201,408
Total Revenue per Audited Statements
$1,201,408
Total Revenue per Form 990
$1,201,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$796,674
Other Expenses$466,487
Total Fundraising Expense$44,727
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$392,521$168,183-$560,704
Current Officers, Directors, Trustees, and Key Employees$68,411$68,411$38,333$175,155
Occupancy$43,931$23,654$2,094$69,679
Office Expenses$55,140$13,785-$68,925
Payroll Taxes$42,571$18,244-$60,815
Insurance$37,788$9,447-$47,235
Advertising$36,569$4,063$4,300$44,932
Other Expenses$31,501$10,200-$41,701
Fees for Services Accounting-$15,100-$15,100
Travel$14,258--$14,258
Fees for Services Other-$7,446-$7,446
Royalties$5,820--$5,820
Total Functional Expenses$879,901$338,533$44,727$1,263,161

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,263,161
Total Expenses per Audited Statements$1,263,161
Total Expenses per Form 990$1,263,161
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
Payroll Liabilities$7,833
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 B, Line 11B

Form 990 and related tax filings are reviewed by the board of directors prior to filing

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

Annual compliance certifications recieved

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

Executive compensation is reviewed by the board of directors

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Fountain Theatre
EIN
95-3119081
Phone
3236631525
Address
5060 FOUNTAIN AVENUE, LOS ANGELES, CA 90029

Signing Officer

Name
Dorothy Wolpert
Title
Chair
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
13
Employees
113

Preparer

Firm
Boden Klein & Sneesby A Professional Corp
Address
3005 Douglas Blvd Ste 115, Roseville, CA 95661
Preparer
Bruce W Sneesby
Phone
9167741040
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Accounting standards require the organization to evaluate its tax positions and provide for a liability for any positions that would not be considered more likely than not to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary.

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