NEW ART CITY THEATRE

EIN: 922945597 501(c)(3) Arts, Culture & Humanities

VENTURA, CA

Total Revenue
$330,700
Total Expenses
$270,479
Total Assets
$235,657
Net Assets
$226,495
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
CA
Principal Officer
BEVERLY WARD
Phone
2034346119
Tax Period
2024-10-01 to 2025-09-30

NEW ART CITY THEATRE, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $331K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $60K, a strong 18% operating margin.

Mission

TO FORGE A NEW PATH TO OPPORTUNITY FOR ARTISTS WHO CREATE THEATRE. BY GIVING EQUAL ACCESS TO DIVERSE VOICES, AND INVITING A BROADER AUDIENCE TO JOIN US, WE ASPIRE TO ELEVATE ALL THAT IS COMPELLING ABOUT ORIGINAL THEATRE AND ITS ABILITY TO PROMOTE UNITY, INSPIRE CURIOSITY, AND PROVIDE JOY.

Program Service Accomplishments

Program 1
Expenses: $167,763

NEW ART CITY THEATRE (NACT) IS AN INCUBATOR OF NEW WORKS FOR THE AMERICAN STAGE. LAUNCHED IN EARLY 2023, THE ARTISTIC AIM IS TO FIND AND DEVELOP PLAYS AND MUSICALS ORIGINATING FROM BOTH EMERGING...

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NEW ART CITY THEATRE (NACT) IS AN INCUBATOR OF NEW WORKS FOR THE AMERICAN STAGE. LAUNCHED IN EARLY 2023, THE ARTISTIC AIM IS TO FIND AND DEVELOP PLAYS AND MUSICALS ORIGINATING FROM BOTH EMERGING PLAYWRIGHTS AS WELL AS ESTABLISHED ARTISTS IN THE FIELD. THESE EFFORS AT NACT ARE ROOTED IN COMMUNITY-BUILDING, ENSURING THAT THE EXPERIECE OF ARTIST AND AUDIENCE ARE GIVEN EQUAL CONSIDERATION WHEN THE COMPANY PRODUCES WORK THAT FULFILLS ITS MISSION TO PROMOTE UNITY, INSPIRE CURIOSITY, AND PROVIDE JOY. ORGANIZATIONAL GOALS ARE REACHED THROUGH: -NEW ART CITY THEATRE'S FESTIVAL OF NEW WORKS - AN ANNUAL FOUR-DAY FESTIVAL OF NEW PLAYS AND MUSICALS THAT TAKES PLACE ONCE A YEAR AND PLAYS HOSTS TO WRITERS FROM ACROSS THE NATION. FOR SIX WEEKS EACH YEAR, NACT ACCEPTS SUBMISSIONS OF PLAYS OR MUSICALS FROM WRITERS WHO RESIDE ANYWHERE IN THE USA. EACH SUBMISSION IS ASSESSED BY MULTIPLE READERS AS PART OF A MONTHS- LONG BLIND SCREENING PROCESS REQUIRING THE HELP OF A 40-50 PERSON VOLUNTEER TEAM, ALL OVERSEEN BY THE ARTISTIC LEADERSHIP AT THE COMPANY. AT THE COMPLETION OF THE READING ROUNDS, FOUR NEW PLAYS OR MUSICALS ARE SELECTED TO BE PRESENTED AT THE FESTIVAL. NACT BRINS THE WRITERS TO SOUTHER CALIFORNIA FOR AN INTENSIVE WEEK-LONG RESIDENCY WHERE THEY'RE GIVEN THE RESOURCES OF TIME, SPACE, MATERIALS, PROFESSIONAL ACTORS, AND DIRECTORS. EACH PROJECT IS BROUGHT TO LIFE A PUBLIC STAGED READINGS WHERE TICKETS ARE FREE. AUDIENCE FEEDBACK IS ENCOURAGED AT POST-SHOW TALK BACKS WHERE AUTHORS AND ATTENDEES EXCHANGE IDEAS IN A POSITIVE AND STRUCTURED FORMAT. -IN THE STUDIO SERIES - ADDED TO NACT PROGRAMMING IN 2025, THE IN THE STUDIO READING SERIES IS A COLLABORATION BETWEEN NACT AND STUDIO CHANNEL ISLANDS IN CAMARILLO, CA WHERE WORKS THAT MAY OR MAY NOT HAVE ALREADY BEEN READ AT NACT ARE PRESENT TO ATTENDEES FOR FEEDBACK AT POST-SHOW TALKBACKS. THIS SERIES IS ALSO PRESENTED TO THE COMMUNITY FREE OF CHARGE.

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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 $282,916
Program Service Revenue $47,596
Investment Income $188
Other Revenue $0
TOTAL REVENUE $330,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $172,754
Fundraising Expenses $16,532
Program Expenses $167,763
Other Expenses $97,725
TOTAL EXPENSES $270,479

Year-over-Year Comparison

2024 2023 Change
Revenue $330,700 $352,132 -0.1%
Expenses $270,479 $226,229 +0.2%
Net Income $60,221 $125,903 -0.5%
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
7
Independent Members
3
Employees
35
Volunteers
89

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
2
$84,550
Total Directors
6
$50,900
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY WARD FOUNDER/V PR 40.00
Officer Director
$50,900 $0 $50,900
KIRBY WARD FOUNDER/ARTI 40.00
Officer
$33,650 $0 $33,650
ANNE PAUL KING MEMBER AT LA 2.00
Director
$0 $0 $0
JEFF LAMBERT MEMBER AT LA 2.00
Director
$0 $0 $0
NEAL LASSILA PRESIDENT 2.00
Director
$0 $0 $0
SANDRA M LASSILA TREASURER 2.00
Director
$0 $0 $0
JUDITH Y RUSSO SECRETARY 2.00
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
2025 $330,700 $270,479 $235,657 $60,221
2024 $352,132 $226,229 $188,010 $125,903
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