Trinity One Theatre Troupe INC EIN 46-1465106

Trinity One Theatre Troupe INC

EIN  46-1465106 Public charity (501(c)(3)) San Diego, CA
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Size
$100K–1M
What they do
Stages plays to unite people and inspire participation in the performing arts.
Leadership
Sean Boyd · Executive Director · $77K
Money in and out
$836K revenue, $823K expenses
Bottom line
98% program efficiency

Stages plays to unite people and inspire participation in the performing arts. For fiscal year 2025 it reported $836K in revenue, $823K in expenses, and $566K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$836K
Pt VIII · Ln 12
Total expenses
$823K
Pt IX · Ln 25
Net assets
$566K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Program efficiency
98%
of spending reaches programs
Operating runway
8.2mo
months of highly liquid reserves at operating expense rate▲ +22% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▼ -79% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$836K
FY2025▼ -10%
Expenses
$823K
FY2025▼ -4%
Total assets
$566K
FY2025▲ +2%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$836K
Pt VIII · Ln 12
Total expenses
$823K
Pt IX · Ln 25
Net assets
$566K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$566K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $807K of program spending, described in the organization's own filed words · FY2024.
01

Arts Education

Our Arts Education reaches students ages 4-18 through varied programs serving all of San Diego County. It consists of full-scale productions, workshop productions, classes, school partnerships, and teen leadership initiatives.

$568Kprogram expense
02

Grown Up Stage

Our Grown Up Stage is our professional theatre branch, employing artists to create theatrical productions. In consists of our GUS productions, Storytime, and co-productions & rentals. In 2024, we welcomed over 10,000 individuals as patrons, and approximately 200 individuals as a combination of paid and volunteer artists.

$240Kprogram expense
03

Special Events

Our Special Events give us new and innovative opportunities of engaging our patrons, through Social Media and other virtual and in person platforms. These events including our Gala, Kroc Junior Theatre partnerships, Living Room Readers, and other new initiatives.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrinity One Theatre Troupe INC
EINHdr · item D46-1465106
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.trinityttc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$77,189Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Sean Boyd’s $77K as Executive Director is at the 72nd percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Sean Boyd$77,189$22,500$36,593$26,654$27,338
Megan Goyette$10,578

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$596K · 71%
Contributions & grants$234K · 28%
Investment income$5K · 1%
Program service revenue71%$596K
Contributions & grants28%$234K
Investment income1%$5K
Other revenue$145
— government grantsLn 1e$39K
Total revenueLn 12$836K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Program services98%$807K
Management & general1%$8K
Fundraising1%$8K
Total functional expensesLn 25$823K

Balance Sheet

Part X · end of year
CashLn 1$564K
Total assetsLn 16$566K
Total liabilitiesLn 26$0
Total net assetsLn 32$566K
Months of cash on handcomputed8.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $564K · Operating expenses/yr $823K
8.2 months
Where the money goes
Program services
Program services $807K · Total expenses $823K
98%
Management & General
Management & general $8K · Total expenses $823K
1%
Fundraising
Fundraising $8K · Total expenses $823K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $239K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $234K · Total revenue $836K
28%
Government reliance
Government grants $39K · Total revenue $836K
5%
Earned-income share
Program service revenue $596K · Total revenue $836K
71%
Investment reliance
Investment income $5K · Total revenue $836K
+1%
Program self-sufficiency
Program service revenue $596K · Total expenses $823K
72%
Growth & trend
Revenue growth (YoY)
This year $836K · Prior year $929K
-10%
Revenue CAGR
FY2020 $110K · FY2024 $836K
+66%
Net-asset trend (YoY)
End of year $566K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $836K · Expenses $823K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $566K
Net-asset ratio
Net assets $566K · Total assets $566K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $566K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sean Boyd · Reported title Executive Director · Highest reported compensation $77K · Total expenses $823K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $518K · Total expenses $823K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 1%
Fundraising cost ratio 3%
Revenue growth -10%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$100K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$836K revenue · viewing · ⤓ 990 PDF
FY2024$929K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$447K revenue · ⤓ 990 PDF
FY2021$144K revenue · ⤓ 990 PDF
FY2020$110K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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