Lakewood Theatre Company
Nonprofit profile at a glance
- EIN
- 930700108
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Lake Oswego, OR, USA
- Phone
- 5036356338
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $3,364,040
- Expenses
- $2,579,734
- Assets
- $6,940,409
- Liabilities
- $531,178
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- DAVID AVISON (PRESIDENT)
- ANDREW EDWARDS (EXECUTIVE DIRECTOR)
Highest reported compensation
- ANDREW EDWARDS (EXECUTIVE DIRECTOR): $155,209 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To inspire and nurture a love of theatre and the arts with the following mission: the maintenance of a permanent multi-arts and theatre facility. The sponsorship and coordination of education and cultural programming in visual arts, theatre and community events.
What it reported doing in 2024
The youth outreach program at lakewood is to create opportunities for youth in the greater portland area to participate, both as artists and audience, in all that lakewood has to offer. Lakewood strives to bring opportunities to the underserved youth in the region whom, because of geographic, socio-economic, cultural or language barriers, have limited access to arts education. This program facilitates conversations with youth, their families, and their supporting organizations, resulting in open collaborations and a better understanding of how to continue to create meaningful experiences. Lakewood center recognizes the importance of creating an inviting, diverse and inclusive environment for participants, as artists, students, and audience. During the 2024-2025 school year over 200 students from preschool to high school participated in this program.current youth outreach program activities include: in-person art, theatre and dance workshops taught in participating schools. These include bilingual (english/spanish) workshops. On-line art workshops. Also including bilingual (english/spanish) workshops. Support of art programs already existing in local schools by providing financial assistance, materials and visiting artists. A week of color: a bilingual (english/spanish) art instruction booklets and video series, distributed together with art kits to area elementary schools. Youth art exhibit at the lake oswego festival of the arts, including all art created by students participating in the youth outreach program. Awards reception for all artists and families participating in the youth art exhibit. Invitations free of charge to theatre programs at lakewood for families participating in the youth outreach program.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.6%; rating input score 69
- Program expense ratio: 86.8%; rating input score 87
- Fundraising efficiency: $9.23 raised per $1 spent on fundraising; rating input score 35; 35th 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: 8 of 8 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 23.3%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 2.69; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 6%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 68.6% of revenue deployed · 86.8% of spending went to programs
- Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.2M in reported program spending
- Leadership: top reported pay $155K · 22 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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: Fundraising efficiency scored 35/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.