THE TAPROOT THEATRE

EIN: 910971237 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$3,647,430
Total Expenses
$3,881,662
Total Assets
$5,447,137
Net Assets
$3,256,161
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WA
Principal Officer
KAREN LUND
Phone
2067819705
Tax Period
2024-01-01 to 2024-12-31

THE TAPROOT THEATRE, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

TAPROOT THEATRE COMPANY TELLS STORIES OF HOPE, SERVING THE PACIFIC NORTHWEST THROUGH LIVE THEATRE AND EDUCATIONAL PROGRAMS. TAPROOT THEATRE VALUES FAITH, RESPECTS PEOPLE, AND CELEBRATES THEATRE.

Program Service Accomplishments

Program 1
Expenses: $2,495,531 Revenue: $1,427,355

TAPROOT IS DEDICATED TO CREATING QUALITY ART THAT UNITES PEOPLE THROUGH THE UNIQUE POWER OF LIVE STORYTELLING AND THE RELATIONSHIPS THAT WE BUILD AND NURTURE. STRATEGICALLY LOCATED AS ONE OF THE...

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TAPROOT IS DEDICATED TO CREATING QUALITY ART THAT UNITES PEOPLE THROUGH THE UNIQUE POWER OF LIVE STORYTELLING AND THE RELATIONSHIPS THAT WE BUILD AND NURTURE. STRATEGICALLY LOCATED AS ONE OF THE LARGEST THEATRES OUTSIDE SEATTLE'S DOWNTOWN ARTS CORRIDOR, TAPROOT STRIVES TO BECOME THE THEATRE OF CHOICE FOR NORTH SEATTLE/NORTHWEST KING COUNTY. TAPROOT GENERATES A SHARED SENSE OF COMMUNITY AND HOPE FOR BOTH AUDIENCES AND ARTISTS WITH STORIES THAT AMPLIFY THE HOPE, COURAGE, SELF-SACRIFICE, LOVE, AND REDEMPTION IN OUR WORLD. SINCE RESUMING LIVE IN-PERSON PRODUCTIONS ON THE MAINSTAGE IN NOVEMBER 2021 AFTER AN 18-MONTH DELAY BROUGHT ON BY THE PANDEMIC, TAPROOT HAS PRODUCED A GAMUT OF PRODUCTIONS RANGING FROM CLASSICAL DRAMA TO MODERN COMEDY TO REGIONAL PREMIERE MUSICALS, ALL SHARING THE COMMON THEME OF HOPE. MAKING THEATRE IS VERY DIFFERENT TODAY THAN IT WAS BEFORE THE PANDEMIC, BUT WE ADAPT AND ADJUST CONTINUALLY TO TRY TO GET IT RIGHT. IT'S WORTH IT. WE BELIEVE THAT STORIES, BEAUTIFULLY REALIZED BY A SKILLED ARTISTIC TEAM, HAVE THE POWER TO MOVE PEOPLE, INSPIRING THEM TOWARDS EMPATHY, COMMUNITY, GRACE, GROWTH, AND LOVE OF NEIGHBOR.TAPROOT THEATRE COMPANY PERFORMED 4 PRODUCTIONS IN ITS MAINSTAGE SEASON, PLUS 2 PRODUCTIONS IN THE ISAAC STUDIO, AND THE MAINSTAGE HOLIDAY PRODUCTION. TOTAL ATTENDANCE EXCEEDED 33,000 FOR THE PRODUCTIONS.

Program 2
Expenses: $454,571 Revenue: $337,906

EDUCATION AND OUTREACH: THE TAPROOT THEATRE'S ROAD COMPANY CONSISTS OF 5 ACTORS WHO PERFORM SOCIAL-EMOTIONAL LEARNING PLAYS AT PUBLIC AND PRIVATE SCHOOLS. THESE PLAYS FOCUS ON BULLYING PREVENTION...

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EDUCATION AND OUTREACH: THE TAPROOT THEATRE'S ROAD COMPANY CONSISTS OF 5 ACTORS WHO PERFORM SOCIAL-EMOTIONAL LEARNING PLAYS AT PUBLIC AND PRIVATE SCHOOLS. THESE PLAYS FOCUS ON BULLYING PREVENTION, ACCEPTING DIFFERENCES, AND EMPATHY AND EMOTIONAL MANAGEMENT. THE TAPROOT THEATRE ACTING STUDIO CREATES A NURTURING ENVIRONMENT TO HELP YOUTH AND ADULT STUDENTS DEVELOP THEIR UNIQUE THEATRICAL TALENTS AND GIFTS. DURING 2024, THE ACTING STUDIO OFFERED CLASSES AND RESIDENCY OPPORTUNITIES TO 600 STUDENTS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,775,374
Program Service Revenue $1,762,739
Investment Income $6,847
Other Revenue $102,470
TOTAL REVENUE $3,647,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,621,027
Fundraising Expenses $271,685
Program Expenses $2,950,102
Other Expenses $1,245,078
TOTAL EXPENSES $3,881,662

Year-over-Year Comparison

2024 2023 Change
Revenue $3,647,430 $2,604,895 +0.4%
Expenses $3,881,662 $4,000,874 0.0%
Net Income $-234,232 $-1,395,979 -0.8%
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
15
Independent Members
14
Employees
215
Volunteers
150

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
6
$132,906
Total Directors
15
$123,955
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN LUND PRODUCING ARTISTIC DIRECTOR 40.00
Officer Director
$114,218 $9,737 $123,955
JOE AZEGAMI-HYER FINANCE MANAGER (FROM 9/2024) 15.00
Officer
$8,951 $0 $8,951
DAVID WOODWARD CHAIR 2.00
Officer Director
$0 $0 $0
SHELBY PARSONS VICE CHAIR 2.00
Officer Director
$0 $0 $0
MATTHEW GARCIA TREASURER 2.00
Officer Director
$0 $0 $0
REBECCA BRITTLE SECRETARY 2.00
Officer Director
$0 $0 $0
BRYAN POHL DIRECTOR 1.00
Director
$0 $0 $0
DOUG FREYBERG DIRECTOR 1.00
Director
$0 $0 $0
DANIEL ICHINAGA DIRECTOR 1.00
Director
$0 $0 $0
TOM RENGSTORF DIRECTOR 1.00
Director
$0 $0 $0
AMANDA WOODWARD DIRECTOR 1.00
Director
$0 $0 $0
JOHN STECKLER DIRECTOR 1.00
Director
$0 $0 $0
DAN VOETMANN DIRECTOR 1.00
Director
$0 $0 $0
GRACE YOO DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN VOETMANN DIRECTOR 1.00
Director
$0 $0 $0
RACHEL BARACH DIRECTOR 1.00
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
2024 $3,647,430 $3,881,662 $5,447,137 $-234,232
2023 $2,604,895 $4,000,874 $5,794,614 $-1,395,979
2022 $3,388,700 $3,601,484 $6,858,294 $-212,784
2021 $2,609,460 $1,763,697 $7,891,610 $845,763
2020 $1,900,522 $1,770,244 $6,304,135 $130,278
2020 $1,900,522 $1,770,244 $6,304,135 $130,278
2019 $2,727,403 $2,876,680 $6,311,406 $-149,277
2018 $2,599,961 $2,885,464 $6,628,704 $-285,503
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