The Pasadena Playhouse State Theatre of California Inc
Nonprofit profile at a glance
- EIN
- 953473192
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Pasadena, CA, USA
- Phone
- 6267372849
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $18,844,187
- Expenses
- $11,606,387
- Assets
- $18,056,682
- Liabilities
- $2,023,189
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Highest reported compensation
- DANIEL FELDMAN (PRODUCING ARTISTIC DIR./TRUSTEE): $299,639 total reported compensation
- ALEXANDER WANG (CHIEF OF STAFF): $203,616 total reported compensation
- JENNIFER SLATTERY (ASSOCIATE PRODUCER): $156,939 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The pasadena playhouse state theater of California is a non-profit organization whose mission is to enrich people's lives through theater. Our programmatic offerings include theatrical productions, community outreach programs, education, and theater learning opportunities.
What it reported doing in 2024
The playhouse's 2024-2025 mainstage season featured a fresh take on theater classic "cyrano de bergerac; "la cage aux folles" directed by tony award winner sam pinkleton; staged concert productions of "follies and "anything goes" (cancelled due to the eaton fire); pulitzer-prize winning play "topdog/underdog; and "a doll's house, part 2" directed by jennifer chang.
Operating model
- Revenue model
- Donor-supported. 78% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 76
- Accountability: 98
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.4%; rating input score 48
- Program expense ratio: 77.2%; rating input score 77
- Fundraising efficiency: $12.91 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.2%; rating input score 96; 30th percentile among comparable filings
- Governance controls: 9 of 9 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: 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: 38.4%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 1.56; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 9.5% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 13% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 48.4% of revenue deployed · 77.2% of spending went to programs
- Governance: 25 of 26 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $9M in reported program spending
- Leadership: top reported pay $300K · 33 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $782K reported
- Consistency: 39 of 40 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.