THEATREWORKS SILICON VALLEY

EIN: 942831245 501(c)(3) Arts, Culture & Humanities

REDWOOD CITY, CA

Total Revenue
$10,903,208
Total Expenses
$8,420,569
Total Assets
$10,983,233
Net Assets
$6,051,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Principal Officer
GIOVANNA SARDELLI
Phone
6504637186
Tax Period
2023-07-01 to 2024-06-30

THEATREWORKS SILICON VALLEY, founded in 1982, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.9M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 23% operating margin.

Mission

TO PRESENT THEATRICAL PRODUCTIONS THAT CELEBRATE THE HUMAN SPIRIT THROUGH INNOVATIVE PRODUCTIONS, NEW WORKS, AND EDUCATIONAL PROGRAMS INSPIRED BY AND ENGAGING TO OUR DIVERSE SILICON VALLEY COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $4,789,561 Revenue: $2,794,066

MAIN STAGE PRODUCTIONS: IN FY24/SEASON 53, THEATREWORKS SILICON VALLEY PRODUCED SIX PRODUCTIONS WHICH INCLUDED A MIX OF CLASSICS, MUSICALS, CONTEMPORARY HITS, AND NEW WORKS. THE THEATRE'S ART...

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MAIN STAGE PRODUCTIONS: IN FY24/SEASON 53, THEATREWORKS SILICON VALLEY PRODUCED SIX PRODUCTIONS WHICH INCLUDED A MIX OF CLASSICS, MUSICALS, CONTEMPORARY HITS, AND NEW WORKS. THE THEATRE'S ART REFLECTS ITS CORE VALUES OF ARTISTIC EXCELLENCE, INNOVATION, COLLABORATION AND CELEBRATING THE HUMAN SPIRIT. THEATREWORKS PERFORMS IN TWO PENINSULA VENUES: MOUNTAIN VIEW CENTER FOR THE PERFORMING ARTS ("MVCPA") AND LUCIE STERN THEATRE IN PALO ALTO. THE THEATRE IS A LORT C PROFESSIONAL THEATRE AT LUCIE STERN THEATRE AND A LORT B AT THE MVCPA. BOTH ARE AN INDICATION OF THE CALIBER OF ARTISTS IT HIRES AND A RANK SHARED WITH LESS THAN 50 REGIONAL THEATRES NATIONWIDE.

Program 2
Expenses: $148,109 Revenue: $117,894

NEW WORKS INITIATIVE: THEATREWORKS HAS BECOME A THEATRE OF NATIONAL SIGNIFICANCE THROUGH ITS COMMITMENT TO NEW WORKS. THE THEATRE HAS PRODUCED OVER 70 WORLD PREMIERES. THE NEW WORKS INITIATIVE...

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NEW WORKS INITIATIVE: THEATREWORKS HAS BECOME A THEATRE OF NATIONAL SIGNIFICANCE THROUGH ITS COMMITMENT TO NEW WORKS. THE THEATRE HAS PRODUCED OVER 70 WORLD PREMIERES. THE NEW WORKS INITIATIVE INCORPORATES ALL ASPECTS OF THE DEVELOPMENT PROCESS: STAGED READINGS AN ANNUAL WRITER'S RETREAT FOR PLAYWRIGHTS, COMPOSERS, AND LYRICISTS AN ANNUAL PUBLIC NEW WORKS FESTIVAL ARTIST COMMISSIONS AND FULL PRODUCTIONS OF WORLD PREMIERES. THEATREWORKS HAS CONTRIBUTED TO THE DEVELOPMENT OF OVER 100 NEW WORKS THROUGH THE NEW WORKS INITIATIVE, MANY OF WHICH HAVE BEEN PRODUCED ON ITS MAIN STAGE. AS A RESULT OF THE INITIATIVE, THEATREWORKS HAS GROWN FROM A THEATRE WITH AN IDEA FOR A UNIQUE DEVELOPMENTAL PROGRAM FOR NEW MUSIC THEATER TO A MAJOR PLAYER ON THE (CONTINUED ON SCHEDULE O) NATIONAL SCENE IN DEVELOPING AND PRODUCING WORLD PREMIERES.

Program 3
Expenses: $54,482 Revenue: $4,740

ARTS EDUCATION PROGRAMS:STUDENT MATINEES: THEATREWORKS OFFERS LOW-COST DAYTIME PERFORMANCES FOR SCHOOL GROUPS AND YOUTH IN OUR COMMUNITY. BEFORE THE SHOW, EDUCATORS RECEIVE A GUIDEBOOK FULL OF...

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ARTS EDUCATION PROGRAMS:STUDENT MATINEES: THEATREWORKS OFFERS LOW-COST DAYTIME PERFORMANCES FOR SCHOOL GROUPS AND YOUTH IN OUR COMMUNITY. BEFORE THE SHOW, EDUCATORS RECEIVE A GUIDEBOOK FULL OF INFORMATION AND ACTIVITIES TO CONNECT THE ART ONSTAGE TO THE WORK IN THEIR CLASSROOM. AFTER THE SHOW, THEATREWORKS HOSTS A TALK-BACK BETWEEN THE CAST AND THE STUDENT AUDIENCE.COMMUNITY ENGAGEMENT PROGRAMS: INCLUDE THE CHILDREN'S HEALING PROJECT, A UNIQUE ARTS HEALING PROGRAM AT THE LUCILE PACKARD CHILDREN'S HOSPITAL AND THE PROFESSIONAL INTERNSHIP PROGRAM. AUDIENCE ENRICHMENT OPPORTUNITIES INCLUDE DISCUSSION WEDNESDAYS (CONTINUED ON SCHEDULE O) A POST SHOW DISCUSSION BETWEEN AUDIENCE MEMBERS AND THE CAST, AND SHOW SPECIFIC BEHIND-THE-SCENES E-NEWSLETTERS.THE DIRECTORS SERIES: THE PLAYS ON OUR STAGE ARE IN CONVERSATION WITH EACH OTHER, TO TELL A STORY OF WHO WE ARE. THE DIRECTORS SERIES INVITES OUR DIRECTORS TO BE IN CONVERSATION ABOUT THEIR WORK, WHAT MOVES THEM, AND HOW THEY INSPIRE EACH OTHER.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,837,688
Program Service Revenue $2,828,976
Investment Income $143,172
Other Revenue $93,372
TOTAL REVENUE $10,903,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,277,811
Fundraising Expenses $463,015
Program Expenses $4,992,152
Other Expenses $4,142,758
TOTAL EXPENSES $8,420,569

Year-over-Year Comparison

2023 2022 Change
Revenue $10,903,208 $5,820,687 +0.9%
Expenses $8,420,569 $9,461,038 -0.1%
Net Income $2,482,639 $-3,640,351 -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
20
Independent Members
20
Employees
198
Volunteers
100

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
$527,530
Total Directors
22
$381,740
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE CHINN EXECUTIVE DIRECTOR (THROUGH 06/2024) 40.00
Officer Director
$221,054 $109 $221,163
TIMOTHY BOND ARTISTIC DIRECTOR (THROUGH 07/2023) 40.00
Officer Director
$145,681 $14,896 $160,577
GIOVANNA SARDELLI ARTISTIC DIRECTOR 40.00
Officer
$132,502 $13,288 $145,790
KAREN SZPALLER PRODUCTION DIRECTOR 40.00
Highest
$118,191 $9,874 $128,065
AARON NICHOLSON DEVELOPMENT DIRECTOR 40.00
Highest
$102,427 $13,967 $116,394
MARK GREENSTEIN BOARD CHAIR 20.00
Officer Director
$0 $0 $0
HOLLY WARD BOARD VICE CHAIR 10.00
Officer Director
$0 $0 $0
WYNNE DUBOVOY BOARD SECRETARY 10.00
Officer Director
$0 $0 $0
ALEX PEREZ BOARD MEMBER 2.00
Director
$0 $0 $0
BARBARA SHAPIRO BOARD MEMBER 2.00
Director
$0 $0 $0
DANIEL SHIPLACOFF BOARD MEMBER 2.00
Director
$0 $0 $0
EDLYN YUEN BOARD MEMBER (AS OF 04/2024) 2.00
Director
$0 $0 $0
ELISA MARINA ALVARADO BOARD MEMBER 2.00
Director
$0 $0 $0
GARY STANFORD BOARD MEMBER 2.00
Director
$0 $0 $0
JANE WESTON BOARD MEMBER 2.00
Director
$0 $0 $0
JIM KNIPPLE BOARD MEMBER (AS OF 10/2023) 2.00
Director
$0 $0 $0
KATIE BLODGETT BOARD MEMBER 2.00
Director
$0 $0 $0
LYNN SZEKELEY BOARD MEMBER 2.00
Director
$0 $0 $0
MARK VERSHEL BOARD MEMBER 2.00
Director
$0 $0 $0
MATT FULLER BOARD MEMBER 2.00
Director
$0 $0 $0
MEB STEINER BOARD MEMBER 2.00
Director
$0 $0 $0
PEGGY WOODFORD FORBES BOARD MEMBER 2.00
Director
$0 $0 $0
ROSE HAU BOARD MEMBER 2.00
Director
$0 $0 $0
ROY JOHNSON BOARD MEMBER 2.00
Director
$0 $0 $0
SARAH DONALDSON BOARD MEMBER 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 No data No data No data No data
2024 $10,903,208 $8,420,569 $10,983,233 $2,482,639
2023 $5,336,678 $9,489,148 $6,207,270 $-4,152,470
2023 No data No data No data No data
2022 $8,187,041 $7,536,698 $8,373,819 $650,343
2021 $4,742,997 $3,774,907 $9,516,685 $968,090
2020 $9,879,773 $8,317,337 $8,201,706 $1,562,436
2019 $9,628,074 $7,935,690 $6,912,493 $1,692,384
2018 $9,775,431 $9,468,161 $5,212,210 $307,270
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