Fountain Theatre FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)EIN 95-3119081Revenue $1.2M in FY2021

On file with the IRSfountaintheatre.com5060 Fountain Ave, 90029-1422 · Los Angeles, CATax-exempt since Jan 2020Publicly supported charity — 170(b)(1)(A)(vi)

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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.
55¢ of each $1 spent went to programs.
$171K 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

FY2021 · 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
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$171K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 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
$112K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 14 voting members
Looks good: 12 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+111% vs prior year
Spent
$1.0M
To programs
55%
Net assets
$752K
By yearFY2020–FY2024
Revenue
$1.2M
FY2021▲ +111%
Tap a bar for its year
Revenue by fiscal year
FY2020$575K
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
Expenses
$1.0M
FY2021▲ +102%
Tap a bar for its year
Expenses by fiscal year
FY2020$514K
FY2021$1.0M
FY2022$1.3M
FY2023$1.3M
FY2024$1.4M
Net assets
$752K
FY2021▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2020$529K
FY2021$752K
FY2022$740K
FY2023$651K
FY2024$1.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

55 cents of each dollar spent went to programs.

Program services 55% · $568K Management & general 37% · $385K Fundraising 8% · $85K

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

14 people listed on the 990; $171K paid to officers and key staff.

Part VII, Section A · reportable compensation
$72,273Pt VII · Sec A
Director
$61,121Pt VII · Sec A
$37,173Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

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

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.

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Provided by the organization

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1 program · $568K · in their own filed words · FY2021
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.

$568Kprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$151K
Other incomeLn 4–11$3K
Money outPt IX
$1.0M
Ln 25
Programscol B$568K
Managementcol C$385K
Fundraisingcol D$85K
Owns and owesPt X
$752K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$865K
LiabilitiesLn 26$112K
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$301K
Fees for servicesLn 2g$151K
Other incomeLn 4–11$3K
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$271K
Cash and savings togetherLn 1–2$272K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$578K
Other assetsLn 15$0
Total assetsLn 16$865K
LiabilitiesLn 26$112K
Net assetsLn 32$752K
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 FY21End FY21
Cash and savingsLn 1–2$270K$272K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$494K$578K
Total assetsLn 16$802K$865K
LiabilitiesLn 26$221K$112K
Net assetsLn 32$581K$752K
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$171K$40K$93K$37K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$377K$160K$217K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$37K$14K$20K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$55K$14K$41K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$6K$6K
OccupancyLn 16$37K$29K$8K
TravelLn 17$12K$12K
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$31K$22K$9K
InsuranceLn 23$17K$12K$3K$3K
Other expenses (24a–d)Ln 24$243K$235K$8K$527
All other expensesLn 24e$31K$25K$5K$741
Total functional expensesLn 25$1.0M$568K$385K$85K

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 Viewing $1.2M$1.0M$172K$752K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $1,209,653 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $554,190$1,054,972
I-9 Program service revenuePrior year $61,018$151,392
I-10 Investment income$0
I-11 Other revenuePrior year $991$3,289
I-12 Total revenuePrior year $616,199$1,209,653
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $311,261$584,942
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $193,125$453,157
I-18 Total expensesPrior year $504,386$1,038,099
I-19 Revenue less expensesPrior year $111,813$171,554
Part VI · Governance 12 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,209,653 across 10 lines filed
Lines not itemized here account for $3,289 of total revenue; see the IRS return.
VIII-1e Government grants$301,230
VIII-1f All other contributions, gifts and grants$753,742
VIII-1h Total contributions, gifts and grants$1,054,972
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $151,392$151,392
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 $151,392 · Unrelated business $3,289$1,209,653
Part IX · Statement of functional expenses $1,038,099 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 $40,018 · Management $93,376 · Fundraising $37,173$170,567
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $160,135 · Management $217,060$377,195
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $14,264 · Management $20,467 · Fundraising $2,449$37,180
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,724$7,724
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $14,503$14,503
IX-12 Advertising and promotionPrograms $13,525 · Fundraising $41,019$54,544
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 RoyaltiesPrograms $5,600$5,600
IX-16 OccupancyPrograms $29,230 · Management $7,795$37,025
IX-17 TravelPrograms $12,074$12,074
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 $22,079 · Management $9,068$31,147
IX-23 InsurancePrograms $11,596 · Management $2,854 · Fundraising $2,766$17,216
IX-24 Other expenses (24a–d)Programs $234,663 · Management $7,515 · Fundraising $527$242,705
IX-24e All other expensesPrograms $25,302 · Management $4,576 · Fundraising $741$30,619
IX-25 Total functional expensesPrograms $568,486 · Management $384,938 · Fundraising $84,675$1,038,099
Part X · Balance sheet $864,607 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $24,705$1,412
X-2 Savings and temporary cash investmentsStart of year $244,832$270,538
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $26,640$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $11,967$15,113
X-10c Land, buildings and equipment, netStart of year $493,849$577,544
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 $801,993$864,607
X-17 Accounts payable and accrued expensesStart of year $19,282$34,202
X-19 Deferred revenueStart of year $122,499$80,036
X-25 Other liabilitiesStart of year $1,175−$1,990
X-26 Total liabilitiesStart of year $221,188$112,248
X-27 Net assets without donor restrictionsStart of year $560,305$689,859
X-28 Net assets with donor restrictionsStart of year $20,500$62,500
X-32 Total net assets or fund balancesStart of year $580,805$752,359
X-33 Total liabilities and net assetsStart of year $801,993$864,607
Part XI · Reconciliation of net assets $752,359 net assets at year end
XI-1 Total revenue$1,209,653
XI-2 Total expenses$1,038,099
XI-3 Revenue less expenses$171,554
XI-4 Net assets at start of year$580,805
XI-10 Net assets at end of year$752,359

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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