Valley Theater EIN 91-6057750 Form 990 (PDF) Claim this org

Valley Theater

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Preserves theater and enriches the community with performing arts. For fiscal year 2025 it reported $485K in revenue, $423K in expenses, and $499K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Prosser, WA
Website
www.theprincesstheatre.net
Filings
6 on file (2020–2025)
Revenue
$485KFY2025
Expenses
$423K
Net assets
$499K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  91-6057750 Public charity (501(c)(3)) Prosser, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves theater and enriches the community with performing arts.
Leadership
Landra Macy · Business Mngr
Money in and out
$485K revenue, $423K expenses
Bottom line
69% program efficiency
Where the money goes · FY2025
Total revenue
$485K
Pt VIII · Ln 12
Total expenses
$423K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $62K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.31
Program efficiency
69%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -86% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +153% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$485K
FY2025▲ +129%
Expenses
$423K
FY2025▲ +61%
Total assets
$499K
FY2025▲ +14%
Total liabilities
$0
FY2025
Total revenue
$485K
Pt VIII · Ln 12
Total expenses
$423K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$499K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $293K of program spending, described in the organization's own filed words · FY2024.
01

Theatrical and musical programming. for theatrical performance the organization selects scripts, casts and produces theatrical endeavors for the community theater using volunteer help and talent. Each year, this involves several thousand hours of community service. Approximately 2,500 patrons attend the productions.

$218Kprogram expense
02

Maintain the Historic Princess Theater as a community performing arts and cultural center.

$44Kprogram expense
03

Educational programming. The theater strives to provide education to children about theater. Theater can strengthen relationships, teach new skills and inspire confidence in children to be on stage. These skills can last into the future whether the child continues in theater or has to give a presentation in school.

$32Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CValley Theater
EINHdr · item D91-6057750
Principal addressHdr · item CProsser, WA
WebsiteHdr · item Jwww.theprincesstheatre.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1962

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Business Mngr
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2020
James R Milne$9,064
Shara L Forrister$3,231$7,139
James Milne$3,649
Larelle D Michener$444$1,895

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
Contributions & grants$209K · 43%
Program service revenue$164K · 34%
Other revenue$112K · 23%
Contributions & grants43%$209K
Program service revenue34%$164K
Other revenue23%$112K
Investment income$10
Total revenueLn 12$485K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$293K
Management & general31%$130K
Total functional expensesLn 25$423K

Balance Sheet

Part X · end of year
CashLn 1$7K
Total assetsLn 16$499K
Total liabilitiesLn 26$0
Total net assetsLn 32$499K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7K · Operating expenses/yr $423K
0.2 months
Where the money goes
Program services
Program services $293K · Total expenses $423K
69%
Management & General
Management & general $130K · Total expenses $423K
31%
Fundraising
Fundraising $0 · Total expenses $423K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $158K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $209K · Total revenue $485K
43%
Government reliance
Government grants — · Total revenue $485K
Earned-income share
Program service revenue $164K · Total revenue $485K
34%
Investment reliance
Investment income $10 · Total revenue $485K
<0.01%
Program self-sufficiency
Program service revenue $164K · Total expenses $423K
39%
Growth & trend
Revenue growth (YoY)
This year $485K · Prior year $212K
+129%
Revenue CAGR
FY2019 $103K · FY2024 $485K
+36%
Net-asset trend (YoY)
End of year $499K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $485K · Expenses $423K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $499K
Net-asset ratio
Net assets $499K · Total assets $499K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $499K
0%
People & payroll
Highest Reported Total Compensation
Individual Landra Macy · Reported title BUSINESS MNGR · Highest reported compensation $0 · Total expenses $423K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $157K · Total expenses $423K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 31%
Fundraising cost ratio 0%
Revenue growth 129%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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$6K

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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)$485K revenue · viewing · ⤓ 990 PDF
FY2024$212K revenue · ⤓ 990 PDF
FY2023$165K revenue · ⤓ 990 PDF
FY2022$208K revenue · ⤓ 990 PDF
FY2021$59K revenue · ⤓ 990 PDF
FY2020$103K 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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