CYGNET THEATRE COMPANY

EIN: 571146474 501(c)(3) Arts, Culture & Humanities

SAN DIEGO, CA

Total Revenue
$7,598,190
Total Expenses
$3,815,407
Total Assets
$6,274,973
Net Assets
$4,746,660
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
BARBARA BOLT
Phone
6195740059
Tax Period
2024-07-01 to 2025-06-30

CYGNET THEATRE COMPANY, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 50% operating margin.

Mission

BELIEVING IN THE POWER OF THEATRE TO STARTLE THE SOUL, IGNITE, DEBATE AND EMBRACE THE DIVERSITY OF THE COMMUNITY IN WHICH IT SERVES, THE THEATRE IS FEARLESSLY COMMITTED TO THE DISSECTION, EXAMINATION AND CELEBRATION OF THE HUMAN STORY THROUGH THE MEDIUM OF LIVE THEATRE. CYGNET EDUCATION MISSION STATEMENT: THE FOUNDATION OF OUR PHILOSOPHY AND PROGRAMMING IS GROUNDED IN PRIORITIZING DIVERSITY, EQUITY, AND INCLUSION. WE ARE COMMITTED TO FORGING LONG-LASTING RELATIONSHIPS WITH COMMUNITIES THAT ARE NOT PART OF OUR THEATRE HISTORY AND ARE LESS VISIBLE IN OUR THEATRE POPULATIONS. WE ARE DEDICATED TO BUILDING A CYGNET THEATRE BRIDGE BY INVESTING IN THE NEIGHBORHOODS WE SERVE. WE ARE RESOLVED TO LISTEN TO THE NARRATIVES OF THE COMMUNITIES WE SERVE TO ACHIEVE OUR GOALS MUTUALLY.

Program Service Accomplishments

Program 1
Expenses: $3,037,762 Revenue: $1,473,596

THE DONALD C. & ELIZABETH DICKINSON FOUNDATION CYGNET SCHOLARSHIP THE DONALD C. & ELIZABETH DICKINSON FOUNDATION CYGNET SCHOLARSHIP OFFERS A ONE-TIME 2,500 AWARD TO FOUR SAN DIEGO HIGH SCHOOL...

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THE DONALD C. & ELIZABETH DICKINSON FOUNDATION CYGNET SCHOLARSHIP THE DONALD C. & ELIZABETH DICKINSON FOUNDATION CYGNET SCHOLARSHIP OFFERS A ONE-TIME 2,500 AWARD TO FOUR SAN DIEGO HIGH SCHOOL SENIORS, HELPING THEM PURSUE THEATER TRAINING PROGRAMS ACROSS THE U.S. THIS AUDITION-BASED SCHOLARSHIP INVOLVES THE FOLLOWING STEPS: NOMINATION AND PREPARATION: PARTICIPATING SAN DIEGO HIGH SCHOOLS NOMINATE 6-10 STUDENTS FROM THEIR THEATER PROGRAMS WHO DEMONSTRATE SKILLS IN SINGING AND ACTING. THESE STUDENTS PREPARE A 32-BAR SONG AND A 90-SECOND, AGE- APPROPRIATE MONOLOGUE. SELECTION WORKSHOP: CYGNET THEATRE PROVIDES A 90-MINUTE WORKSHOP TO SUPPORT THE STUDENT SELECTION PROCESS. CYGNET SCHOLARSHIP DAY: ALL SELECTED STUDENTS ATTEND CYGNET SCHOLARSHIP DAY, WHERE THEY PERFORM FOR A PANEL OF JUDGES. FOUR SCHOLARSHIP RECIPIENTS ARE CHOSEN BASED ON THESE PERFORMANCES. SCHOLARSHIP FUNDS ARE AWARDED UPON PROOF OF ENROLLMENT, AND RECIPIENTS ARE FREE TO USE THE FUNDS AS THEY SEE FIT. THE STUDENT MATINEE EXPERIENCE FOR NEARLY A DECADE, CYGNET THEATRE HAS PROVIDED SAN DIEGO COUNTY K-12 STUDENTS WITH FREE MATINEE PERFORMANCES EACH SEASON. CYGNET THEATRE OFFERS FOUR STUDENT MATINEES PER SEASON, WHICH TEACHERS IN SAN DIEGO COUNTY CAN REGISTER THEIR CLASSES TO ATTEND. THESE FIELD TRIPS OFTEN INTRODUCE STUDENTS TO LIVE THEATER, EXPANDING THEIR WORLD AND CULTIVATING AN APPRECIATION FOR THE ARTS. EACH CYGNET PRODUCTION CONNECTS WITH SOME ASPECT OF THE HUMAN EXPERIENCE, MAKING IT UNIVERSALLY RELATABLE. IN-SCHOOL PRE-SHOW WORKSHOPS: THESE WORKSHOPS, ALIGNED WITH CALIFORNIA COMMON CORE AND SAN DIEGO UNIFIED VISUAL AND PERFORMING ARTS STANDARDS, HELP STUDENTS UNDERSTAND THE WORK INVOLVED IN PRODUCING A PROFESSIONAL SHOW. EACH WORKSHOP INCLUDES A VIBRANT, ENGAGING STUDY GUIDE THAT ENRICHES THE STUDENT EXPERIENCE. POST-SHOW TALKBACKS: AFTER EACH MATINEE, ACTORS RETURN TO THE STAGE FOR A DISCUSSION, ANSWERING STUDENTS' QUESTIONS ABOUT THE PLAY, THE PROFESSION, AND ANY OTHER TOPICS OF INTEREST. CYGNET ARTISTS IN THE SCHOOLS PRE-PROFESSIONAL PROGRAM: THIS EIGHT-WEEK ONSITE HIGH SCHOOL RESIDENCY PROVIDES AROUND 72 HOURS OF PROFESSIONAL INSTRUCTION. STUDENTS APPRENTICE UNDER THEATER PROFESSIONALS, FOCUSING ON SKILLS IN PRODUCTION, ORGANIZATION, AND TASK EXECUTION TO MEET INDUSTRY DEMANDS. AT THE PROGRAM'S END, STUDENTS EARN A CERTIFICATE OF ACHIEVEMENT. BEYOND THE BELL AFTER-SCHOOL PROGRAM: DESIGNED FOR STUDENTS IN GRADES 412, THIS EIGHT-WEEK PROGRAM OFFERS TRAINING IN ACTING, SINGING, DANCING, AND OTHER PERFORMANCE SKILLS. THESE SESSIONS BUILD CONFIDENCE, ENHANCE PUBLIC SPEAKING, AND STRENGTHEN WRITING AND SOCIAL SKILLS. CLASSROOM UNIT PROGRAM: THIS SIX-WEEK, IN-CLASS RESIDENCY CULMINATES IN A STUDENT PRESENTATION. TAILORED TO COMPLEMENT EXISTING SCHOOL CURRICULA, THE PROGRAM SERVES STUDENTS IN GRADES 412, PROVIDING A COMPREHENSIVE THEATER EDUCATION EXPERIENCE. FROM THE PAGE TO THE STAGE FROM THE PAGE TO THE STAGE IS A FREE, 45-MINUTE INTERACTIVE PRESENTATION THAT BRINGS LITERATURE TO LIFE, FOSTERING A LOVE OF READING. THROUGH LIVE THEATER, IT SHOWS CHILDREN AND ADULTS HOW STORIES BY AUTHORS LIKE CERVANTES, MARK TWAIN, AND CHARLES SCHULZ TRANSFORM INTO MUSICALS. FEATURING EXCERPTS FROM BELOVED PRODUCTIONS SUCH AS BIG RIVER, MAN OF LA MANCHA, SEUSSICAL THE MUSICAL, WICKED, AND YOURE A GOOD MAN, CHARLIE BROWN, THESE MINI-SHOWS ARE PERFORMED BY PROFESSIONAL MUSICAL THEATER ARTISTS. THIS PROGRAM NOW REACHES DIVERSE AUDIENCES AT LOCATIONS INCLUDING THE SALVATION ARMY KROC CENTER, PARKS AND RECREATION CENTERS, MILITARY BASES, SENIOR CENTERS, SCHOOLS, AND PUBLIC LIBRARIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,069,331
Program Service Revenue $1,473,596
Investment Income $33,537
Other Revenue $21,726
TOTAL REVENUE $7,598,190

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,474,323
Fundraising Expenses $528,365
Program Expenses $3,037,762
Other Expenses $1,341,084
TOTAL EXPENSES $3,815,407

Year-over-Year Comparison

2024 2023 Change
Revenue $7,598,190 $3,320,313 +1.3%
Expenses $3,815,407 $3,387,022 +0.1%
Net Income $3,782,783 $-66,709 -57.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
181
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS MURRAY ARTISTIC DIR N/A
Highest
$138,369 $15,000 $153,369
WILLIAM SCHMIDT EXECUTIVE DI N/A
Highest
$138,369 $15,000 $153,369
BEN AGUILAR TRUSTEE N/A
Director
$0 $0 $0
BARBARA BOLT PRESIDENT N/A
Officer Director
$0 $0 $0
EDDIE CANADA VICE PRESIDE N/A
Officer Director
$0 $0 $0
GREGG CANTOR TRUSTEE N/A
Director
$0 $0 $0
MONIQUE GAFFNEY TRUSTEE N/A
Director
$0 $0 $0
YOLANDA HOLCOMB TRUSTEE N/A
Director
$0 $0 $0
LESSLIE KELLER TREASURER N/A
Officer Director
$0 $0 $0
JOLENE KOESTER TRUSTEE N/A
Director
$0 $0 $0
LINDA LENHARD SECRETARY N/A
Officer Director
$0 $0 $0
ELEANOR LYNCH TRUSTEE N/A
Director
$0 $0 $0
ARTHUR NEUMANN TRUSTEE N/A
Director
$0 $0 $0
TERRY O'DONNELL TRUSTEE N/A
Director
$0 $0 $0
ANISE RITCHIE TRUSTEE N/A
Director
$0 $0 $0
MARY ROBERTS TRUSTEE N/A
Director
$0 $0 $0
CHRISTY WHITE TRUSTEE N/A
Director
$0 $0 $0
BARBARA ZELL TRUSTEE N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,598,190 $3,815,407 $6,274,973 $3,782,783
2024 $3,320,313 $3,387,022 $2,141,270 $-66,709
2023 $3,563,151 $3,118,100 $2,059,033 $445,051
2022 $2,638,495 $2,792,643 $1,709,348 $-154,148
2021 $1,678,907 $992,053 $1,332,869 $686,854
2021 $1,678,907 $992,053 $1,332,869 $686,854
2021 $1,678,907 $992,053 $1,332,869 $686,854
2020 $2,257,341 $2,316,145 $1,007,681 $-58,804
2020 $2,257,341 $2,316,145 $1,007,681 $-58,804
2020 $2,257,341 $2,316,145 $1,007,681 $-58,804
2020 $2,257,341 $2,316,145 $1,007,681 $-58,804
2019 $2,600,317 $2,601,922 $796,147 $-1,605
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