Perseverance Theatre Incorporated
Nonprofit profile at a glance
- EIN
- 920071124
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Douglas, AK, USA
- Phone
- 9073642421
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $1,029,845
- Expenses
- $1,215,315
- Assets
- $655,499
- Liabilities
- $315,995
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Joe Bedard (President)
- Aurora Ford (Vice President)
Highest reported compensation
- Leslie Ishii (Artistic Dir): $87,880 total reported compensation
- Frank Delaney (Managing Direct): $57,857 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Perseverance Theatres mission is to produce professional theatre by and for Alaskans while providing educational opportunities that nurture and serve our communities. We value community engagement, cross-cultural collaboration, professional rigor, and regional voice.
What it reported doing in 2024
Education Provides for the Summer Theatre Arts Rendezvous (STAR), a five-week youth acting program which provides theatrical training and performance opportunities to students.
Operating model
- Revenue model
- Donor-supported. 65% 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 total spending goes to programs and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 18
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60%; rating input score 60
- Program expense ratio: 50.8%; rating input score 51
- Fundraising efficiency: $9.76 raised per $1 spent on fundraising; rating input score 37; 37th 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -18%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.54; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 12%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: -9.3% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 0.6% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: -8.8% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 60% of revenue deployed · 50.8% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $618K in reported program spending
- Leadership: top reported pay $88K · 7 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.