2021-05-12T11:23:58-07:00 2020-08-31 990 2019-09-01 911077130 VILLAGE THEATRE VILL 4253921942 303 Front St North Issaquah WA 98027 Robert W Hunt Executive Producer 4253921942 2021-05-12 2019 2022-09-23 18:48:47Z Robert W Hunt 303 Front St N Issaquah WA 98027 13247305 0 X www.villagetheatre.org X 1979 WA To inspire and enlighten audiences in the Pacific Northwest through professional, top quality live theatre productions; train young people in theatre skills for enriched lives; and support the growth of the musical theatre art form through the development of relevant and significant new works. 26 26 579 983 0 0 3302530 7521605 9569756 5262455 58819 28910 473224 302676 13404329 13115646 0 0 0 0 9037613 7651390 22678 23460 790229 4052802 2920592 13113093 10595442 291236 2520204 16587550 18661273 7497731 6990621 9089819 11670652 X To be a regionally recognized and nationally influential center of excellence in family theatre: To promote a season of top quality productions; To commission and produce new musicals that achieve national exposure; To train young people in theatre skills for career opportunities and enriched lives; To develop a broad based appreciation for live theatre; To promote positive values through art. 0 1 6842449 0 4049454 Mainstage productions focus on excellence in family theatre, developing a broad based appreciation for live theatre and promoting positive values through art. A Mainstage season of four musicals and one play were planned from September to August at two venues in Issaquah and Everett, Washington. Due to COVID-19, the Theatre was shuttered on March 12, 2020 due to a government order from the governor. As a result, the last two shows of the season and remainder of the run of She Loves Me in Everett were cancelled. Attendance was 74,356 at 220 performances. 391126 0 14033 Village Originals is a mission driven program to commission and produce new musicals that achieve national exposure. Through the Village Originals program, new works are produced to various degrees in collaboration with the show's creators. This process helps to foster the growth of new musicals in America and around the world. Due to COVID-19 the Village Originals program was very limited in it's programming. A Developmental Production of XY was produced in February 2020 and was attended by 818 patrons. A Developmental Production has minimal sets and costumes but it allows the creative team see how their production does in front of a live audience. Village Theatre is one of only a handful of professional theatre companies throughout the country that commissions and develops new musicals. Village Theatre's reputation in this arena continues to grow on a national and international level. The Village Originals program continued to work with writers during COVID-19 on uncompleted scripts. The Program helped writers to develop ideas, create material, test drafts, provide feedback and receive dramaturgical support. 1261956 0 948902 KIDSTAGE trains young people in theatre skills for career opportunities and enriched lives by offering classes and performance opportunities. KIDSTAGE education programs consist of year-round classes and camps; and performance opportunities in two locations: Issaquah and Everett, Washington. Enrollment in classes was approximately 2,153 students. KIDSTAGE produced 3 musicals throughout the year between both locations. An audience of 4,298 attended 29 performances. Some of the performance opportunities are provided at no cost to the students; while others are tuition based. Due to COVID-19 many KIDSTAGE productions were cancelled; however many classes were able to continue as KIDSTAGE moved to an online format in response to the pandemic. 227206 0 76217 The Pied Piper program brings live theatre to young children and school groups, which fosters an appreciation for the arts, promotes family theatre and provides educational opportunities. Pied Piper brings the best of touring theatre shows for children to two venues in Everett and Bellevue, Washington. Shows are selected based on educational focus and suitability to foster appreciation for live theatre in children. An audience of 7,290 attended 17 performances. One show was cancelled due to snow. Due to COVID-19, 2 shows were cancelled for the remainder of the season. 38266 0 173849 The Everett Performing Arts Center is a separate live theatre facility located in Everett, WA. In addition to our Mainstage productions Village Theatre facilitates a variety of on-stage experiences for Everett audiences, including local chorale groups and children's plays. Nearly 72,000 patrons attended events during the year. Expenses include direct expenses associated only with outside arts programming and do not include expenses for Village Theatre programs which are required under the management contract with the City of Everett and which are included elsewhere in the program/service accomplishments. Due to COVID-19 and a government order from the governor, the Everett Performing Arts Center was shuttered on March 12, 2020. All subsequent performances for the remainder of the year were cancelled. 265472 0 250066 8761003 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 80 0 1 579 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X X Diane Wright 4253921942 303 Front St North Issaquah WA 98027 Robert W Hunt Executive Producer 50 0 X 206341 0 28270 Gerald Dixon Artistic Director 50 0 X 150660 0 0 Diane Wright Director of Finance 50 0 X 107691 0 22582 Beth Meidinger President 5 0 X X 0 0 0 J Patrick Ostrander Treasurer 5 0 X X 0 0 0 Jill Klinge Secretary 5 0 X X 0 0 0 Twyla Lucas Vice President Strategic Fundraising 5 0 X X 0 0 0 John Seethoff Vice President Capital Initiatives 5 0 X X 0 0 0 Leigh Flor Vice President Board Development 3.00 0 X X 0 0 0 Lissa Griffith Vice President Board Operations 5.00 0 X X 0 0 0 Bruce Wanta Past President 5.00 0 X 0 0 0 Dan Anderson Board Member 3 0 X 0 0 0 Julie Bailey Board Member 3 0 X 0 0 0 Aaron Coe Board Member 3 0 X 0 0 0 Eric Emans Board Member 3 0 X 0 0 0 Amy Gibart Board Member 3 0 X 0 0 0 Heather Goff Board Member 3 0 X 0 0 0 Carrie Holmes Board Member 3 0 X 0 0 0 Lynn Juniel Board Member 3 0 X 0 0 0 Gwendolyn King Board Member 3 0 X 0 0 0 Lisa McQueen Board Member 3 0 X 0 0 0 Bill McSherry Board Member 3 0 X 0 0 0 Leslie Peng Board Member 1 0 X 0 0 0 Matt Poischbeg Board Member 3 0 X 0 0 0 Kevin Price Board Member 1 0 X 0 0 0 William Rall Board Member 3 0 X 0 0 0 Lydia Rapidah-Johnson Board Member 3 0 X 0 0 0 Joshua Rodriguez Board Member 3 0 X 0 0 0 Trina Schurman Board Member 3 0 X 0 0 0 Todd Thull Board Member 3 0 X 0 0 0 Derek Watanabe Board Member 3 0 X 0 0 0 Don Weston Board Member 3 0 X 0 0 0 Judy Yu Board Member 3 0 X 0 0 0 464692 0 50852 3 0 1 0 0 0 0 524623 0 302065 6694917 7669 7521605 Mainstage 711110 4049454 4049454 0 0 KIDSTAGE 711110 948902 948902 0 0 Pied Piper 711110 76217 76217 0 0 Village Originals 711110 14033 14033 0 0 Everett Performing Arts Center 711110 173849 173849 0 0 0 0 0 0 5262455 28910 0 0 28910 0 0 0 0 141 141 0 0 205312 0 40157 0 165155 0 165155 165155 0 0 0 0 148888 524623 59726 89162 0 89162 79994 31776 48218 0 0 48218 0 13115646 5427751 0 166290 0 0 0 0 0 0 0 0 331594 146138 143702 41754 0 0 0 0 5838970 5012269 311753 514948 185916 164675 11632 9609 514720 470843 21428 22449 780190 573092 128403 78695 0 0 0 0 8688 0 8688 0 35418 0 35418 0 13125 0 13125 0 23460 23460 0 0 0 0 0 0 0 0 497145 464882 13411 18852 111382 89869 15816 5697 134246 32954 93248 8044 408920 408920 0 0 521585 394269 121409 5907 75682 46861 3575 25246 0 0 0 0 26669 10110 13016 3543 33769 0 33769 0 0 0 0 0 455133 379153 60260 15720 72852 59642 11269 1941 Youth Outreach 73221 69842 3379 0 Sets and Costumes 272918 272757 122 39 Charge card fees 158562 158538 24 0 Fundraising 21277 6189 763 14325 0 0 0 0 10595442 8761003 1044210 790229 X 0 0 0 0 190698 247577 1889581 4498385 1054180 1055473 21239 106034 1177438 297431 18466576 7525814 11254521 10940762 984893 1500611 15000 15000 16587550 18661273 293801 231209 4440807 3284576 2763123 2684134 790702 7497731 6990621 X 7360823 9486493 1728996 2184159 9089819 11670652 16587550 18661273 X 2520204 367438 0 0 0 -306809 X 0 1 X 1 0 X 2255706 2432576 3820644 3302530 7521605 19333061 9253723 9899412 9971037 10073723 5491337 44689232 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11509429 12331988 13791681 13376253 13012942 64022293 183567 172508 1204059 484408 3374647 5419189 175000 0 175000 358567 172508 1204059 484408 3374647 5594189 58428104 208195 236178 245289 287484 234363 1211509 0 0 0 0 0 208195 236178 245289 287484 234363 1211509 0 0 0 0 0 0 8038 -2783 0 0 5255 11717624 12576204 14034187 13663737 13247305 65239057 0.89560 0.94221 0.01857 0.01858 X Schedule A, Part III, Line 12 Other income in 2016 of $8,038 and an adjustment in 2017 of ($2,783) represents insurance proceeds from a claim on the building awning that was hit by a delivery truck in 2016. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13125 0 13125 10839124 10852249 692612 173153 0 0 0 0 831944 692612 1524556 2286834 0 0 13425 13125 26550 0 0 207986 173153 381139 571709 0 0 13425 13125 26550 984893 153794 394856 0 32933 0 1500610 734155 230016 20722 0 0 0 984893 93755 600314 40086 0 0 0 734155 31511 46000 16244 0 0 0 93755 30059 0 1452 0 0 0 31511 0.05 0.95 0 0 0 0 2216626 2216626 0 11408224 4039300 7368924 0 1687469 870093 817376 0 3147335 2610029 537306 0 6922 6392 530 10940762 13739891 367438 125148 0 131659 624245 13115646 0 0 0 13115646 10852249 125148 0 0 131659 256807 10595442 0 0 0 10595442 Schedule D, Part V, Line 4 The Theatre's endowment consists of a board quasi-endowment; and a permanently restricted endowment established for supporting general operations, Mainstage, youth education and Village Originals. The purpose of the endowment is to grow the corpus and earnings to levels that will help provide financial stability for the organization. Schedule D, Part XI, Line 2d Reconciling adjustments: Rental expenses $40,157; Cost of Goods Sold $31,776; Direct expenses from fundraising events $59,726 Schedule D, Part XII, Line 2d Reconciling adjustments: Rental expenses $40,157; Cost of Goods Sold $31,776; Direct expenses from fundraising events $59,726 X X X X X X X 1 Sara Behrman 6167 SW Miles Court Portland OR 97219 Contract grant writer 0 967495 23460 944035 967495 23460 944035 WA Online Gala 355354 285940 69414 0 0 4500 0 0 19428 Sing It Forward 318157 238683 79474 0 0 0 0 1055 34743 0 673511 524623 148888 0 0 4500 0 1055 54171 59726 89162 X X X X 0 0 0 0 0 0 0 0 0 Robert W Hunt Executive Producer 206341 0 0 0 0 0 6666 0 21604 0 234611 0 0 0 Gerald Dixon Artistic Director 150660 0 0 0 0 0 0 0 0 0 150660 0 0 0 Megan Adams Daughter of Executive Producer 47427 Wages 0 Patrick Ostrander Son of Board Member 35810 Wages 0 Form 990, Part III, Line 3 As a result of the spread of COVID-19 and at the government's direction, the Theatre stopped production of all plays and events effective March 12, 2020. Our youth education classes continued in an online format; however tuition revenues were still negatively impacted as a result. Form 990, Part VI, Section B, Line 11b Form 990 Part VI Section B Line 11B At an annual board meeting the board assigns responsibility for formal review of the 990 to the finance committee and authorizes the executive committee to approve the return for filing. They also authorize the Executive Producer to sign the return. The formal review is scheduled once the return is completed. Any board members who are not members of the finance committee who are interested in formally reviewing the return are invited to attend the meeting. Prior to the finance committee meeting, management emails the completed return to all voting board members. Any feedback or comments are discussed and approved by the committee. The Treasurer leads the review process and the preparer, a licensed CPA, is on hand to answer questions. At the following executive committee meeting the finance committee recommends approval by the executive committee who is authorized to act on behalf of the full board. After approval by the executive committee, management electronically files the return with the IRS. Form 990, Part VI, Section B, Line 12c Annually the board is given a copy of the Conflict of Interest policy and then asked to sign a certificate of acknowledgement that affirms that they have read and understand the policy and have agreed to comply with the articles of the policy. Additionally, the board annually fills out a board questionnaire that inquiries about family or business relationships that may be potential conflicts, as well as, inquiring about business transactions and compensation. Form 990, Part VI, Section B, Line 15 For the fiscal year ending 8/31/20, the executive committee and the board of directors of Village Theatre established an executive compensation and performance review committee. This committee meets twice a year to review the goals and performance of the Executive Producer. The committee evaluates the CEO salaries at comparable theatres in the National Alliance for Musical Theatre salary survey and selected 990 tax returns for regional theatres in the Seattle area and around the country. The committee brings their Executive Producer compensation recommendations to the full board for approval. Other key employee's salaries are presented at the finance committee for review as part of the annual budgeting process which is approved by the full board. Form 990, Part VI, Section C, Line 19 The organization makes governing documents, conflict of interest policy and financial statements available to the public upon request. Additionally, audited financial statements and 990's are posted on Village Theatre's website and are available to the public for download. The 990 is also posted on Guidestar. Each year the organization produces an annual report that provides summary financial information. The annual report is also mailed to select donors; is available to the public upon request and posted on the website. Form 990, Part XI, Line 9 During the year ended August 31, 2020 the Theatre adopted the following Financial Accounting Standards Board's Accounting Standards Updates (ASU): ASU No. 2016-18 - Statement of Cash Flows: Restricted Cash. This ASU requires that restricted cash be reflected in the total change in cash, cash equivalents, and restricted cash on the statements of cash flows. The Theatre implemented this ASU retrospectively for all periods presented in the financial statements. ASU No. 2014-09 - Revenue from Contracts with Customers (Topic 606) and other related ASU's. These ASU's replaced the existing revenue recognition guidance in US GAAP and require entities to recognize revenues when control of the promised goods is transferred to customers at the amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The primary effect of adoption of these ASU's of the Theatre is that advertising costs for future periods are now expensed as incurred. Previously the Theatre deferred advertising costs related to future productions and recognized them as expense in the period those productions occured. The Theatre elected to adopt the changes from these ASU's using the full retrospective method, which required the Theatre to restate the financial statements for August 31, 2019.