Fountain Theatre FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)EIN 95-3119081

To create, develop, and publicly produce live theatrical productions and dance events that reflect the diversity of Los Angeles and the nation. To enhance the lives of young people through educational arts programs serving multiple communities.

501(c)(3) charity; gifts are tax-deductible.
35¢ of each $1 spent went to programs.
$94K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $11K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $313K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$236K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 15 voting members
Looks good: 12 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$575K
Spent
$514K
To programs
35%
Net assets
$529K
By yearFY2020–FY2024
Revenue
$575K
FY2020
Revenue by fiscal year
FY2020$575K
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
Expenses
$514K
FY2020
Expenses by fiscal year
FY2020$514K
FY2021$1.0M
FY2022$1.3M
FY2023$1.3M
FY2024$1.4M
Net assets
$529K
FY2020
Net assets by fiscal year
FY2020$529K
FY2021$752K
FY2022$740K
FY2023$651K
FY2024$1.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2020.

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

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $179K Management & general 58% · $300K Fundraising 7% · $35K

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

Who runs it and what they're paid

15 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
$43,355Pt VII · Sec A
Director
$39,423Pt VII · Sec A
$11,538Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Stephen Sachs—$76,302$72,273$43,355
Stephen Sachs$76,284———
Simon Levy—$60,906$61,121$39,423
Simon Levy$60,537———
Barbara Goodhill—$38,462$37,173$11,538
Barbara Goodhill$38,334———

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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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

Produces diverse live theater and dance, enriching young lives through arts education.

Provided by the organization

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1 program service account for $179K of program spending, described in the organization's own filed words · FY2020.
01

Organization develops provocative new works and explores a unique vision of established plays that reflect the immediate concerns and cultural diversity of contemporary Los Angeles and the nation.

$179Kprogram 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 · FY2024
See all 11 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$575K
Ln 12
Gifts and grantsLn 1h$513K
Fees for servicesLn 2g$61K
Other incomeLn 4–11$991
Money outPt IX
$514K
Ln 25
Programscol B$179K
Managementcol C$300K
Fundraisingcol D$35K
Owns and owesPt X
$529K
net assets · Ln 32
Cash and savingsLn 1–2$270K
Total assetsLn 16$766K
LiabilitiesLn 26$236K
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a15
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$513K
Government grantsLn 1e$96K
Fees for servicesLn 2g$61K
Other incomeLn 4–11$991
Gains on assetsLn 7$0
Total revenueLn 12$575K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$245K
Cash and savings togetherLn 1–2$270K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$484K
Other assetsLn 15$0
Total assetsLn 16$766K
LiabilitiesLn 26$236K
Net assetsLn 32$529K
OperationsPt I, VI
EmployeesI 542
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$112K$270K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$466K$484K
Total assetsLn 16$599K$766K
LiabilitiesLn 26$130K$236K
Net assetsLn 32$469K$529K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$85K$18K$56K$11K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$196K$12K$169K$15K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$30K$5K$24K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$25K$8K$17K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$12K$10K$3K$75
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$17K$11K$6K
InsuranceLn 23$20K$13K$3K$4K
Other expenses (24a–d)Ln 24$109K$99K$9K$621
All other expensesLn 24e$13K$3K$7K$3K
Total functional expensesLn 25$514K$179K$300K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.4M−$109K$1.9M 990 PDF
FY2023 $1.2M$1.3M−$62K$651K 990 PDF
FY2022 $1.2M$1.3M−$116K$740K 990 PDF
FY2021 $1.2M$1.0M$172K$752K 990 PDF
FY2020 Viewing $575K$514K$60K$529K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $574,588 across 10 lines filed
Lines not itemized here account for $991 of total revenue; see the IRS return.
VIII-1e Government grants$95,950
VIII-1f All other contributions, gifts and grants$416,629
VIII-1h Total contributions, gifts and grants$512,579
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,018$61,018
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $61,018 · Unrelated business $991$574,588
Part IX · Statement of functional expenses $514,225 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $18,160 · Management $56,297 · Fundraising $10,897$85,354
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $11,816 · Management $169,062 · Fundraising $15,452$196,330
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $4,581 · Management $23,675 · Fundraising $1,321$29,577
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $6,684$6,684
IX-12 Advertising and promotionPrograms $8,449 · Management $17,023$25,472
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $9,716 · Management $2,601 · Fundraising $75$12,392
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $11,287 · Management $6,089$17,376
IX-23 InsurancePrograms $12,739 · Management $3,136 · Fundraising $3,626$19,501
IX-24 Other expenses (24a–d)Programs $99,496 · Management $8,758 · Fundraising $621$108,875
IX-24e All other expensesPrograms $2,846 · Management $6,925 · Fundraising $2,893$12,664
IX-25 Total functional expensesPrograms $179,090 · Management $300,250 · Fundraising $34,885$514,225
Part X · Balance sheet $765,643 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $12,068$24,705
X-2 Savings and temporary cash investmentsStart of year $100,274$244,832
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $20,898$11,967
X-10c Land, buildings and equipment, netStart of year $466,162$484,139
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $599,402$765,643
X-17 Accounts payable and accrued expensesStart of year $45,938$19,282
X-19 Deferred revenueStart of year $37,264$137,599
X-24 Unsecured notes and loans payable$78,232
X-25 Other liabilitiesStart of year $47,208$1,175
X-26 Total liabilitiesStart of year $130,410$236,288
X-27 Net assets without donor restrictionsStart of year $418,992$480,355
X-28 Net assets with donor restrictionsStart of year $50,000$49,000
X-32 Total net assets or fund balancesStart of year $468,992$529,355
X-33 Total liabilities and net assetsStart of year $599,402$765,643
Part XI · Reconciliation of net assets $529,355 net assets at year end
XI-1 Total revenue$574,588
XI-2 Total expenses$514,225
XI-3 Revenue less expenses$60,363
XI-4 Net assets at start of year$468,992
XI-10 Net assets at end of year$529,355

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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