FREEHOLD THEATRE LAB STUDIO

EIN: 911707113 501(c)(3) Arts, Culture & Humanities

Seattle, WA

Total Revenue
$528,953
Total Expenses
$455,724
Total Assets
$575,448
Net Assets
$156,555
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
WA
Principal Officer
Robin Lynn Smith
Phone
2063237499
Tax Period
2024-09-01 to 2025-08-31

FREEHOLD THEATRE LAB STUDIO, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $529K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $456K left a modest 14% surplus.

Mission

Freehold engages the artist in every human, through theatrical training, experimentation, and practice; to foster a deeper connection with themselves and with each other in pursuit of radical mutuality.

Program Service Accomplishments

Program 1
Expenses: $272,938 Revenue: $272,843

Our Studio offers a safe place where anyone and everyone can take risks. Freehold's students are encouraged to move theatre forward, to transform, deepen and clarify new ways of working. From...

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Our Studio offers a safe place where anyone and everyone can take risks. Freehold's students are encouraged to move theatre forward, to transform, deepen and clarify new ways of working. From introductory sessions for the curious to master classes for practicing artists, the Studio offers an extraordinary range of disciplines and styles to help students develop a comprehensive understanding of theatre and the craft of acting. We offer 15-20 classes on a quarterly basis serving over 600 students a year.

Program 2
Expenses: $76,982 Revenue: $0

Our Theatre Lab provides a forum for experimentation by professionals, the development of new performance material, and the rediscovery of classics. The Lab enables artists to explore new ways of...

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Our Theatre Lab provides a forum for experimentation by professionals, the development of new performance material, and the rediscovery of classics. The Lab enables artists to explore new ways of working in order to forge a deeper connection between actor and audience, self and community, life and art. Programs of our lab included Engaged Theatre, a program that tours productions to culturally underserved audiences and hosts theatre residencies in partnership with WA State Department of Corrections. Our lab reaches 500 audience members annually. In the fall of 2024, the Theatre Lab completed a weeklong workshop culminating in the reading of hidden/current - a new play commissioned by Freehold that would ultimately be produced in Cape Town, SA in the fall of 2025.

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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 $259,996
Program Service Revenue $272,843
Investment Income $2,824
Other Revenue $-6,710
TOTAL REVENUE $528,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $313,670
Fundraising Expenses $40,542
Program Expenses $349,920
Other Expenses $142,054
TOTAL EXPENSES $455,724

Year-over-Year Comparison

2024 2023 Change
Revenue $528,953 $374,871 +0.4%
Expenses $455,724 $630,955 -0.3%
Net Income $73,229 $-256,084 -1.3%
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
3
Independent Members
3
Employees
29
Volunteers
15

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
5
$53,726
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robin Lynn Smith Artistic and Founding Partner 20
Officer
$30,660 $0 $30,660
Randy Dixon Managing Director 30
Officer
$22,870 $196 $23,066
Annie Williams President 2
Officer Director
$0 $0 $0
Mark Johnson Vice President 2
Officer Director
$0 $0 $0
Paula Wilson Nitka Treasurer 2
Officer 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 $528,953 $455,724 $575,448 $73,229
2024 $374,871 $630,955 $486,216 $-256,084
2023 $562,890 $489,418 $734,266 $73,472
2022 $313,279 $516,249 $664,409 $-202,970
2021 $600,966 $421,860 $617,695 $179,106
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