Theater 150

Nonprofit profile at a glance

EIN
770554664
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Ojai, CA, USA
Phone
8056464300
Rating
75
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Performing Arts Centers

Reported finances

Revenue
$255,963
Expenses
$230,159
Assets
$28,393
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • Daena Santoyo (Artistic Director)
  • Megan Sicotte-Kelly (Secretary)
  • Steve Beebe (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Education classes offered to the community in acting, screenwriting, storytelling and related theater topics for adults and children.live presentations offered to the community to promote culture and an awareness of the arts.

What it reported doing in 2024

Enrichment and Community Outreach Theater 150 provided year round youth performing arts programs across three sessions: Fall/Winter, Spring and Summer. Each sesssion featured a main stage musical theater production along with enrichment classes in musical theater dance, youth chorus, drama, and Shakespeare. Serving 250 youth in grades K-10, with a total of 400 youth(unique and duplicate registrations combined), the program drew students from throughout Ventura County-35% from OUSD public schools,35% from Ojai private schools, and 30% from Ventura Unified School District and Ventura Charter School. Performance and Outreach Impact Maintaining a main stage theater facility, the organization produced fully realized youth performance each session, with 4-5 casts performing 12-20 shows per production-totaling 60-70 unique performances annually. These productions engaged and inspired up to 12,000 local youth and families. Additionally, the orgnization provided a tuition free drama program for students at Valley Oak Charter School, ensuring broader access to arts education. Employment and Economic Development The program employed up to nine staff members (eight part-time and one full-time) to support both administrative and instructional roles. Staff were compensated with minimum and competitive wages based on experience, education and expertise, employing educators with BA, MA and AA degrees, contributing to the local economy while fostering high quality arts education.

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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 91
  • Accountability: 70
  • Sustainability: 48
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.3%; rating input score 70
  • Program expense ratio: 78.2%; rating input score 78
  • Fundraising efficiency: $13.99 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 5th 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: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: 10.1%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -8.6% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 70.3% of revenue deployed · 78.2% of spending went to programs
  • Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $180K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.