Theatre West INC EIN 95-6143868

Theatre West INC

EIN  95-6143868 Public charity (501(c)(3)) Los Angeles, CA Founded 1962
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Size
$100K–1M
What they do
Develops theatre artists through workshops and performances, serving the community with educational programs.
Leadership
Lindsay Lefler · Mng Dir 4/24-12/24 · $32K
Money in and out
$427K revenue, $375K expenses
Bottom line
79% program efficiency

Develops theatre artists through workshops and performances, serving the community with educational programs. For fiscal year 2024 it reported $427K in revenue, $375K in expenses, and $64K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$427K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$64K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.12 Fundraising $0.09
Program efficiency
79%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate▲ +40% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▲ +202% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$427K
FY2024▲ +8%
Expenses
$375K
FY2024▼ -15%
Total assets
$220K
FY2024▼ -23%
Total liabilities
$156K
FY2024▲ +35%
Total revenue
$427K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$64K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$220K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $297K of program spending, described in the organization's own filed words · FY2024.
01

Stage Productions

3 mainstage productions and 21 special events - audience 2,132 storybook theatre - 2 mainstage productions - audience 7,890 198 workshops for members - 2,178 participants

$297Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTheatre West INC
EINHdr · item D95-6143868
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jwww.theatrewest.org
Year of formationHdr · item L1962
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65Z)
Ruling yearIRS BMFDec 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Mng Dir 4/24-12/24
$31,845Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Sergeant at Arms
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Lindsay Lefler’s $32K as Mng Dir 4/24-12/24 is at the 27th 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Eugene Hutchins$21,484$41,785$39,725
Lindsay Lefler$31,845
Spike Dolomite Ward$26,880
Eugene Hutchins Beg 1421$14,769

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
Program service revenue$220K · 51%
Contributions & grants$193K · 45%
Investment income$8K · 2%
Other revenue$6K · 1%
Program service revenue51%$220K
Contributions & grants45%$193K
Investment income2%$8K
Other revenue1%$6K
— government grantsLn 1e$53K
Total revenueLn 12$427K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.12 Fundraising $0.09
Program services79%$297K
Management & general12%$44K
Fundraising9%$34K
Total functional expensesLn 25$375K

Balance Sheet

Part X · end of year
CashLn 1$30K
Total assetsLn 16$220K
Total liabilitiesLn 26$156K
Total net assetsLn 32$64K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $110K · Operating expenses/yr $375K
3.5 months
Where the money goes
Program services
Program services $297K · Total expenses $375K
79%
Management & General
Management & general $44K · Total expenses $375K
12%
Fundraising
Fundraising $34K · Total expenses $375K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $139K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $193K · Total revenue $427K
45%
Government reliance
Government grants $53K · Total revenue $427K
12%
Earned-income share
Program service revenue $220K · Total revenue $427K
51%
Investment reliance
Investment income $8K · Total revenue $427K
+2%
Program self-sufficiency
Program service revenue $220K · Total expenses $375K
59%
Growth & trend
Revenue growth (YoY)
This year $427K · Prior year $394K
+8%
Revenue CAGR
FY2019 $260K · FY2024 $427K
+10%
Net-asset trend (YoY)
End of year $64K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $427K · Expenses $375K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $220K
Net-asset ratio
Net assets $64K · Total assets $220K
29%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $81K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $220K
37%
People & payroll
Highest Reported Total Compensation
Individual Lindsay Lefler · Reported title MNG DIR 4/24-12/24 · Highest reported compensation $32K · Total expenses $375K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $188K · Total expenses $375K
50%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $17K · Gross raised $105K
16%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 12%
Fundraising cost ratio 18%
Revenue growth 8%

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 · FY2022
Total grants receivedfrom 1 funder$9K

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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
FY2024$394K revenue · ⤓ 990 PDF
FY2023$598K revenue · ⤓ 990 PDF
FY2022$517K revenue · ⤓ 990 PDF
FY2021$197K revenue · ⤓ 990 PDF
FY2020$260K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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