LAKEWOOD THEATRE COMPANY

EIN: 930700108 501(c)(3) Arts, Culture & Humanities

LAKE OSWEGO, OR

Total Revenue
$3,364,040
Total Expenses
$2,579,734
Total Assets
$6,940,409
Net Assets
$6,409,231
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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
OR
Principal Officer
ANDREW EDWARDS
Phone
5036356338
Tax Period
2024-07-01 to 2025-06-30

LAKEWOOD THEATRE COMPANY, founded in 1952, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $784K, a strong 23% operating margin.

Mission

TO INSPIRE AND NURTURE A LOVE OF THEATRE AND THE ARTS WITH THE FOLLOWING MISSION: THE MAINTENANCE OF A PERMANENT MULTI-ARTS AND THEATRE FACILITY. THE SPONSORSHIP AND COORDINATION OF EDUCATION AND CULTURAL PROGRAMMING IN VISUAL ARTS, THEATRE AND COMMUNITY EVENTS.

Program Service Accomplishments

Program 1
Expenses: $1,655,246 Revenue: $1,197,480

LAKEWOOD THEATRE PRESENTS MUSICALS, ORIGINAL WORKS & A DIVERSE SELECTION OF MODERN AND CLASSIC THEATRE WITH 10-12 PRODUCTIONS ANNUALLY (RESIDENT AND TOURING). LAKEWOOD CONSISTENTLY INCLUDES FULL...

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LAKEWOOD THEATRE PRESENTS MUSICALS, ORIGINAL WORKS & A DIVERSE SELECTION OF MODERN AND CLASSIC THEATRE WITH 10-12 PRODUCTIONS ANNUALLY (RESIDENT AND TOURING). LAKEWOOD CONSISTENTLY INCLUDES FULL SCALE MUSICALS AND ORIGINAL WORKS IN ITS SEASON, AND PRIDES ITSELF ON WORKING WITH NEW AND/OR EMERGING ARTISTS AND GROUPS TO BRING INNOVATIVE PERFORMANCES AND ART EVENTS TO OUR AUDIENCE. LAKEWOOD THEATRE IS THE OLDEST CONTINUOUSLY OPERATING THEATRE COMPANY IN THE PORTLAND, OREGON METRO AREA, ATTRACTING OVER 40,000 PEOPLE EACH YEAR. LAKEWOOD ALSO PROVIDES 50-60 CLASSES EACH QUARTER IN THEATRE, DANCE, TV, AND ART TO STUDENTS AGES 3-ADULT WITH RESIDENT AND VISITING ARTISTS.

Program 2
Expenses: $334,529 Revenue: $91,200

THE LAKE OSWEGO FESTIVAL OF THE ARTS IS A COMMUNITY WIDE CELEBRATION ATTRACTING ON AVERAGE 25,000 PEOPLE PER YEAR. IT FOCUSES ON ARTS EDUCATION, PERFORMANCE AND EXHIBITION. THE 4-DAY EVENT INCLUDES...

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THE LAKE OSWEGO FESTIVAL OF THE ARTS IS A COMMUNITY WIDE CELEBRATION ATTRACTING ON AVERAGE 25,000 PEOPLE PER YEAR. IT FOCUSES ON ARTS EDUCATION, PERFORMANCE AND EXHIBITION. THE 4-DAY EVENT INCLUDES GUEST ARTISTS, MUSIC, LIVE THEATRE PERFORMANCE, ARTISANS DISPLAYING THEIR CRAFT, ART CLASSES, LECTURES AND EXHIBITIONS.

Program 3
Expenses: $30,784 Revenue: $0

THE YOUTH OUTREACH PROGRAM AT LAKEWOOD IS TO CREATE OPPORTUNITIES FOR YOUTH IN THE GREATER PORTLAND AREA TO PARTICIPATE, BOTH AS ARTISTS AND AUDIENCE, IN ALL THAT LAKEWOOD HAS TO OFFER. LAKEWOOD...

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THE YOUTH OUTREACH PROGRAM AT LAKEWOOD IS TO CREATE OPPORTUNITIES FOR YOUTH IN THE GREATER PORTLAND AREA TO PARTICIPATE, BOTH AS ARTISTS AND AUDIENCE, IN ALL THAT LAKEWOOD HAS TO OFFER. LAKEWOOD STRIVES TO BRING OPPORTUNITIES TO THE UNDERSERVED YOUTH IN THE REGION WHOM, BECAUSE OF GEOGRAPHIC, SOCIO-ECONOMIC, CULTURAL OR LANGUAGE BARRIERS, HAVE LIMITED ACCESS TO ARTS EDUCATION. THIS PROGRAM FACILITATES CONVERSATIONS WITH YOUTH, THEIR FAMILIES, AND THEIR SUPPORTING ORGANIZATIONS, RESULTING IN OPEN COLLABORATIONS AND A BETTER UNDERSTANDING OF HOW TO CONTINUE TO CREATE MEANINGFUL EXPERIENCES. LAKEWOOD CENTER RECOGNIZES THE IMPORTANCE OF CREATING AN INVITING, DIVERSE AND INCLUSIVE ENVIRONMENT FOR PARTICIPANTS, AS ARTISTS, STUDENTS, AND AUDIENCE. DURING THE 2024-2025 SCHOOL YEAR OVER 200 STUDENTS FROM PRESCHOOL TO HIGH SCHOOL PARTICIPATED IN THIS PROGRAM.CURRENT YOUTH OUTREACH PROGRAM ACTIVITIES INCLUDE: IN-PERSON ART, THEATRE AND DANCE WORKSHOPS TAUGHT IN PARTICIPATING SCHOOLS. THESE INCLUDE BILINGUAL (ENGLISH/SPANISH) WORKSHOPS. ON-LINE ART WORKSHOPS. ALSO INCLUDING BILINGUAL (ENGLISH/SPANISH) WORKSHOPS. SUPPORT OF ART PROGRAMS ALREADY EXISTING IN LOCAL SCHOOLS BY PROVIDING FINANCIAL ASSISTANCE, MATERIALS AND VISITING ARTISTS. A WEEK OF COLOR: A BILINGUAL (ENGLISH/SPANISH) ART INSTRUCTION BOOKLETS AND VIDEO SERIES, DISTRIBUTED TOGETHER WITH ART KITS TO AREA ELEMENTARY SCHOOLS. YOUTH ART EXHIBIT AT THE LAKE OSWEGO FESTIVAL OF THE ARTS, INCLUDING ALL ART CREATED BY STUDENTS PARTICIPATING IN THE YOUTH OUTREACH PROGRAM. AWARDS RECEPTION FOR ALL ARTISTS AND FAMILIES PARTICIPATING IN THE YOUTH ART EXHIBIT. INVITATIONS FREE OF CHARGE TO THEATRE PROGRAMS AT LAKEWOOD FOR FAMILIES PARTICIPATING IN THE YOUTH OUTREACH PROGRAM.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,618,597
Program Service Revenue $1,391,457
Investment Income $75,793
Other Revenue $278,193
TOTAL REVENUE $3,364,040

Expense Breakdown

Grants Paid $0
Salaries & Benefits $715,261
Fundraising Expenses $175,431
Program Expenses $2,240,129
Other Expenses $1,864,473
TOTAL EXPENSES $2,579,734

Year-over-Year Comparison

2024 2023 Change
Revenue $3,364,040 $2,641,788 +0.3%
Expenses $2,579,734 $2,347,370 +0.1%
Net Income $784,306 $294,418 +1.7%
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
21
Independent Members
21
Employees
59
Volunteers
726

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
$155,209
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID AVISON PRESIDENT 2.00
Officer Director
$0 $0 $0
JAN COULTON SECRETARY / TREASURER 3.00
Officer Director
$0 $0 $0
DAN FINDLEY ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
JOHN ANEY DIRECTOR 1.00
Director
$0 $0 $0
FRED BREUER DIRECTOR 1.00
Director
$0 $0 $0
JEANNE DENTON DIRECTOR 1.00
Director
$0 $0 $0
JOANN FRANKEL DIRECTOR 1.00
Director
$0 $0 $0
ELAINE FRANKLIN DIRECTOR 1.00
Director
$0 $0 $0
JOAN FREED DIRECTOR 1.00
Director
$0 $0 $0
ANN GELLER DIRECTOR 1.00
Director
$0 $0 $0
KELLY GIAMPA DIRECTOR 1.00
Director
$0 $0 $0
CYNDIE GLAZER DIRECTOR 1.00
Director
$0 $0 $0
STEVEN JURNEY DIRECTOR 1.00
Director
$0 $0 $0
PAULA KANAREK DIRECTOR 1.00
Director
$0 $0 $0
RICKY KORACH DIRECTOR 1.00
Director
$0 $0 $0
KATHY LEVEE DIRECTOR 1.00
Director
$0 $0 $0
DAN MEYER DIRECTOR 1.00
Director
$0 $0 $0
SKIP O'NEILL DIRECTOR 1.00
Director
$0 $0 $0
MARTHA SCHRADER DIRECTOR 1.00
Director
$0 $0 $0
TYLER WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
DOUG ZIMMERMAN DIRECTOR 1.00
Director
$0 $0 $0
ANDREW EDWARDS EXECUTIVE DIRECTOR 50.00
Officer
$149,759 $5,450 $155,209
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 $3,364,040 $2,579,734 $6,940,409 $784,306
2024 $2,641,788 $2,347,370 $6,073,339 $294,418
2023 $2,563,400 $2,556,472 $5,578,614 $6,928
2022 $2,767,462 $1,787,601 $5,470,972 $979,861
2021 $1,052,966 $969,502 $4,488,507 $83,464
2020 $1,510,978 $1,585,264 $4,573,033 $-74,286
2019 $1,950,376 $1,936,651 $4,763,128 $13,725
2018 $1,847,736 $1,926,739 $4,730,384 $-79,003
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