Broadway by the Bay

Nonprofit profile at a glance

EIN
942674862
IRS 990 coverage
2016–2020
Forms available
Form 990 2020
Location
Redwood City, CA, USA
Phone
6505795565
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Opera

Official website

Reported finances

Revenue
$366,804
Expenses
$245,133
Assets
$305,512
Liabilities
$250,960

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • ALICIA JEFFREY (EXECUTIVE DIRECTOR)
  • SETH ROSENBLATT (PRESIDENT)
  • ROBERT SULLIVAN (VICE PRESIDENT)

Highest reported compensation

  • ALICIA JEFFREY (EXECUTIVE DIRECTOR): $14,092 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To inspire, educate, and engage the community and local talent through the power of musical theater.

What it reported doing in 2020

MAIN STAGE PROGRAMMING: Broadway by the Bay produces large-scale musicals each year, featuring and fostering local talent and artists both on stage, in the orchestra pit, and behind the scenes. The Organization's operations paused in March due to the pandemic.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 55
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45%; rating input score 45
  • Program expense ratio: 67.3%; rating input score 67
  • Fundraising efficiency: $471.08 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 33.2%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.25; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.82; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -19.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -13.7% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 45% of revenue deployed · 67.3% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $165K in reported program spending
  • Leadership: top reported pay $14K · 6 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.