Exitheatre EIN 94-2967043

Exitheatre FY2021 filing

EIN  94-2967043 Public charity (501(c)(3)) Arcata, CA Founded 1985
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps artists perform and builds audiences for their work.
Leadership
Christina Augello · Vice President, Board of Directors · $4K
Money in and out
$213K revenue, $146K expenses
Bottom line
92% program efficiency

Helps artists perform and builds audiences for their work. For fiscal year 2021 it reported $213K in revenue, $146K in expenses, and $419K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$213K
Pt VIII · Ln 12
Total expenses
$146K
Pt IX · Ln 25
Net assets
$419K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program efficiency
92%
of spending reaches programs
Operating runway
21.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$213K
FY2021
Expenses
$146K
FY2021
Total assets
$460K
FY2021
Total liabilities
$41K
FY2021
Total revenue
$213K
Pt VIII · Ln 12
Total expenses
$146K
Pt IX · Ln 25
Net assets
$419K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$460K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $268K of program spending, described in the organization's own filed words · FY2020.
01

Exitheatre maintained five storefront theaters in san francisco california and one in arcata california. They provided opportunities for artists to develop, perform, and stream theatrical performances.

$134Kprogram expense
02

Exit theatre maintained five storefront theaters in san francisco and one in arcata california. They provided opportunities for artists to develop, perform, and stream theatrical performances.

$134Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExitheatre
EINHdr · item D94-2967043
Principal addressHdr · item CArcata, CA
WebsiteHdr · item Jwww.theexit.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65Z)
Ruling yearIRS BMFAug 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President, Board of Directors
$3,807Pt VII · Sec A
Secretary/Treasurer, Board of Directors
$3,807Pt VII · Sec A
Vice President, Board of Directors
$3,807Pt VII · Sec A
Secretary/Treasurer, Board of Directors
$3,807Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Member, Board of Directors
$0Pt VII · Sec A

Christina Augello’s $12K as Vice-President is at the 9th 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

NameFY2025FY2025FY2024FY2023FY2022FY2021
Christina Augello$12,250$18,000$33,978$50,000$48,000$3,807
Richard Livingston$12,250$18,000$33,978$50,000$48,000$3,807

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$158K · 74%
Program service revenue$52K · 24%
Other revenue$3K · 2%
Contributions & grants74%$158K
Program service revenue24%$52K
Other revenue2%$3K
Investment income$18
— government grantsLn 1e$49K
Total revenueLn 12$213K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program services92%$134K
Management & general7%$10K
Fundraising1%$2K
Total functional expensesLn 25$146K

Balance Sheet

Part X · end of year
CashLn 1$263K
Total assetsLn 16$460K
Total liabilitiesLn 26$41K
Total net assetsLn 32$419K
Months of cash on handcomputed21.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $263K · Operating expenses/yr $146K
21.7 months
Where the money goes
Program services
Program services $134K · Total expenses $146K
92%
Management & General
Management & general $10K · Total expenses $146K
7%
Fundraising
Fundraising $2K · Total expenses $146K
1%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $108K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $158K · Total revenue $213K
74%
Government reliance
Government grants $49K · Total revenue $213K
23%
Earned-income share
Program service revenue $52K · Total revenue $213K
24%
Investment reliance
Investment income $18 · Total revenue $213K
0%
Program self-sufficiency
Program service revenue $52K · Total expenses $146K
36%
Growth & trend
Revenue growth (YoY)
This year $213K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $419K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $213K · Expenses $146K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $460K
Net-asset ratio
Net assets $419K · Total assets $460K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $460K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christina Augello · Reported title VICE PRESIDENT, BOARD OF DIRECTORS · Highest reported compensation $4K · Total expenses $146K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8K · Total expenses $146K
5%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%

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 · FY2023
Total grants receivedfrom 2 funders$5K

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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$114K revenue · ⤓ 990 PDF
FY2024$166K revenue · ⤓ 990 PDF
FY2023$242K revenue · ⤓ 990 PDF
FY2022$361K revenue · ⤓ 990 PDF
FY2021$213K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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