San Jose Repertory Theatre

Nonprofit profile at a glance

EIN
942638313
IRS 990 coverage
2009–2009
Forms available
Form 990 2009
Location
San Jose, CA, USA
Phone
4083677266
Rating confidence
Limited
Sector
Theater

Official website

Reported finances

Revenue
$4,853,007
Expenses
$5,812,953
Assets
$3,486,529
Liabilities
$4,815,576

Source: IRS Form 990. Selected filing: tax year 2009. Amounts in USD.

Leadership & pay

23 people listed

Source: IRS Form 990. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the San Jose Repertory Theatre is to engage, entertain and inspire people. We produce innovative theatrical performances that offer fresh perspectives into the human condition, educational programs that promote life-long learning, and outreach initiatives that benefit our diverse community. The Repertory is housed in the Susan and Phil Hammer Theatre Center which we operate for the City of San Jose and make available to numerous performing arts groups in our community.

What it reported doing in 2009

Production: Our 2009-10 season was the inaugural season for new Artistic Director, Rick Lombardo and consisted of Shakespeare's "As You Like It", the West Coast Premiere of South African playwright Ian Bruce's "Groundswell", "A Christmas Story", Irish playwright Conor McPherson's "The Weir", "Ain't Misbehavin'" featuring the music of Thomas "Fats" Waller, and the Regional Premiere of Latina playwright Melinda Lopez's "Sonia Flew". In addition, the Rep presented a summer series of two plays featuring Emmy Award winning actor Ed Asner in "FDR", and the jute-box musical, "The Marvelous Wonderettes". Approximately 90,000 people attended plays at the Rep during the 2009-10 season and these fully professional productions garnered high critical acclaim and numerous Bay Area Theatre Critics Circle Awards.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 20
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th 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; 66th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19.8%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 1.38; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 21 of 21 board members independent · 6 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $4.6M in reported program spending
  • Leadership: top reported pay $123K · 23 people listed
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

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.

  • High — Sustainability: Operating margin scored 8/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.