Theatre Forty INC EIN 95-2454761

Theatre Forty INC

EIN  95-2454761 Public charity (501(c)(3)) Irvine, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
David Hunt Stafford · Secretary · $61K
Money in and out
$343K revenue, $312K expenses
Bottom line
83% program efficiency

Theatre Forty INC is an arts and culture nonprofit based in Irvine, CA. For fiscal year 2025 it reported $343K in revenue, $312K in expenses, and $75K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$343K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$75K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $31K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.16 Fundraising $0.01
Program efficiency
83%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate▲ +108% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +347% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$343K
FY2025▼ -12%
Expenses
$312K
FY2025▼ -23%
Total assets
$77K
FY2025▲ +67%
Total liabilities
$1K
FY2025▼ -7%
Total revenue
$343K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$75K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$31K
Total assetsPt X · Ln 16$77K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $258K of program spending, described in the organization's own filed words · FY2024.
01

The company has main stage productions and various projects each season at its theatre in beverly hills and, from time to time, at other locations. The company also conducts educational seminars for the community.

$258Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTheatre Forty INC
EINHdr · item D95-2454761
Principal addressHdr · item CIrvine, CA
WebsiteHdr · item Jwww.theatre40.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65Z)
Ruling yearIRS BMFNov 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
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
$61,354Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

David Hunt Stafford’s $61K as Secretary is at the 56th 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
David Hunt Stafford$61,354$60,000$58,849$37,477

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$181K · 53%
Program service revenue$162K · 47%
Contributions & grants53%$181K
Program service revenue47%$162K
Investment income$81
— government grantsLn 1e$76K
Total revenueLn 12$343K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.16 Fundraising $0.01
Program services83%$258K
Management & general16%$51K
Fundraising1%$4K
Total functional expensesLn 25$312K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$77K
Total liabilitiesLn 26$1K
Total net assetsLn 32$75K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses/yr $312K
2.7 months
Where the money goes
Program services
Program services $258K · Total expenses $312K
83%
Management & General
Management & general $51K · Total expenses $312K
16%
Fundraising
Fundraising $4K · Total expenses $312K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $147K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $181K · Total revenue $343K
53%
Government reliance
Government grants $76K · Total revenue $343K
22%
Earned-income share
Program service revenue $162K · Total revenue $343K
47%
Investment reliance
Investment income $81 · Total revenue $343K
0%
Program self-sufficiency
Program service revenue $162K · Total expenses $312K
52%
Growth & trend
Revenue growth (YoY)
This year $343K · Prior year $392K
-12%
Revenue CAGR
FY2020 $95K · FY2024 $343K
+38%
Net-asset trend (YoY)
End of year $75K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $343K · Expenses $312K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $77K
Net-asset ratio
Net assets $75K · Total assets $77K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $77K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Hunt Stafford · Reported title SECRETARY · Highest reported compensation $61K · Total expenses $312K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $65K · Total expenses $312K
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 16%
Fundraising cost ratio 2%
Revenue growth -12%
Accounting fee ratio 7%

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
See all 4 funders →

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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)$343K revenue · viewing · ⤓ 990 PDF
FY2024$392K revenue · ⤓ 990 PDF
FY2023$399K revenue · ⤓ 990 PDF
FY2022$336K revenue · ⤓ 990 PDF
FY2021$95K 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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