Theater 150 FY2024 filing

Tax-deductible

Ojai, CA501(c)(3)Arts & CultureEIN 77-0554664

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Education classes offered to the community in acting, screenwriting, storytelling and related Theater topics for adults and children.live presentations offered to the community to promote culture and an awareness of the arts.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $14K a year · 5% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $23
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$262K
+269% vs prior year
Spent
$259K
To programs
76%
Net assets
$3K
By yearFY2020–FY2025
Revenue
$262K
FY2024▲ +269%
Revenue by fiscal year
FY2020$126K
FY2021$15K
FY2022$55K
FY2023$71K
FY2024$262K
FY2025$256K
Expenses
$259K
FY2024
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$259K
FY2025$230K
Net assets
$3K
FY2024▲ +104%
Net assets by fiscal year
FY2020−$21K
FY2021$13K
FY2022−$3K
FY2023−$69K
FY2024$3K
FY2025$28K

From the FY2024 Form 990 (year ending July 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $196K Management & general 21% · $54K Fundraising 3% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Artistic Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Theater 150 executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers acting, writing, and storytelling classes, plus live arts presentations for all ages.

Provided by the organization

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1 program service account for $196K of program spending, described in the organization's own filed words · FY2023.
01

Enrichment and Community OutreachTheater 150 provided year round youth performing arts programs across three sessions: Fall/Winter, Spring and Summer.Each sesssion featured a main stage musical theater production along with enrichment classes in musical theater dance, youth chorus,drama,and Shakespeare.

$196Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$23

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$262K
Ln 12
Fees for servicesLn 2g$194K
Gifts and grantsLn 1h$68K
Money outPt IX
$259K
Ln 25
Programscol B$196K
Managementcol C$54K
Fundraisingcol D$9K
Owns and owesPt X
$3K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68K
Fundraising eventsLn 1c$68K
Fees for servicesLn 2g$194K
Total revenueLn 12$262K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26$0
Net assetsLn 32$3K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3K
Total assetsLn 16$0$3K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$3K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$43K$39K$4K
Other salaries and wagesLn 7$58K$58K
Payroll taxesLn 10$9K$8K$1K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$1K$1K
OccupancyLn 16$22K$22K
TravelLn 17$6K$3K$2K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$7K$426$3K$3K
All other expensesLn 24e$94K$86K$2K$5K
Total functional expensesLn 25$259K$196K$54K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $256K$230K$26K$28K 990 PDF
FY2024 Viewing $262K$259K$3K$3K 990 PDF
FY2023 $71K−$69K 990 PDF
FY2022 $55K−$3K 990 PDF
FY2021 $15K$13K 990 PDF
FY2020 $126K−$21K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $261,871 across 4 lines filed
VIII-1c Fundraising events$67,699
VIII-1h Total contributions, gifts and grants$67,699
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $194,172$194,172
VIII-12 Total revenueRelated to mission $194,172 · Unrelated business $0 · Excluded from tax $0$261,871
Part IX · Statement of functional expenses $259,282 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $38,810 · Management $4,138$42,948
IX-7 Other salaries and wagesPrograms $58,357$58,357
IX-10 Payroll taxesPrograms $7,921 · Management $1,378$9,299
IX-11c Accounting feesManagement $5,700$5,700
IX-11g Other fees for servicesPrograms $1,249$1,249
IX-16 OccupancyManagement $22,247$22,247
IX-17 TravelPrograms $3,326 · Management $2,434$5,760
IX-23 InsuranceManagement $12,583$12,583
IX-24 Other expenses (24a–d)Programs $426 · Management $3,462 · Fundraising $3,375$7,263
IX-24e All other expensesPrograms $86,020 · Management $2,439 · Fundraising $5,417$93,876
IX-25 Total functional expensesPrograms $196,109 · Management $54,381 · Fundraising $8,792$259,282
Part X · Balance sheet $2,589 assets, 5 lines filed
X-1 Cash, non-interest-bearing$2,589
X-16 Total assetsStart of year $0$2,589
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$2,589
X-33 Total liabilities and net assetsStart of year $0$2,589
Part XI · Reconciliation of net assets $2,589 net assets at year end
XI-1 Total revenue$261,871
XI-2 Total expenses$259,282
XI-3 Revenue less expenses$2,589
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,589

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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