2026-03-18T13:35:10-07:00 2025-08-31 990 2024-09-01 911077130 VILLAGE THEATRE VILL 4253921942 303 Front St North Issaquah WA 98027 Derek Watanabe Managing Director 4253921942 2026-03-18 1 2024 2025-03-06 01:10:19Z Derek Watanabe 303 Front St N Issaquah WA 98027 15762967 0 X www.villagetheatre.org X 1979 WA To inspire and enlighten audiences in the Pacific Northwest through professional, top quality live theatre productions; train young people in theatre skills for enriched lives; and support the growth of the musical theatre art form through the development of relevant and significant new works. 23 23 533 3459 0 0 2963896 4165164 8051741 10698613 160101 117730 335174 545125 11510912 15526632 0 0 0 0 10061871 11795975 0 0 552691 4104999 4818029 14166870 16614004 -2655958 -1087372 20051989 19813440 8419496 8947288 11632493 10866152 To be a regionally recognized and nationally influential center of excellence in family theatre: to promote a season of top quality productions; to commission and produce new musicals that achieve national exposure; to train young people in theatre skills for career opportunities and enriched lives; to develop a broad based appreciation for live theatre; to promote positive values through art. 0 0 12346897 0 9168031 Mainstage productions focus on excellence in family theatre, developing a broad based appreciation for live theatre and promoting positive values through art. A Mainstage season consisting of four musicals and one play were produced from September to August at two venues in Issaquah and Everett, Washington. Attendance was 119,591 at 312 performances. 245986 0 0 Village Originals is a mission-driven program to commission and produce new musicals that achieve national exposure. Through the Village Originals program, new works are produced to various degrees in collaboration with the show's creators. This process helps to foster the growth of new musicals in America and around the world. Village Theatre is one of only a handful of professional theatre companies throughout the country that commissions and develops new musicals. Village Theatre's reputation in this arena continues to grow on a national and international level. Writer's Residencies help writers to develop ideas, create material, test drafts, provide feedback and receive dramaturgical support. Readings allow writers to hear their piece performed by professional actors without sets or costumes. Developmental Productions allow the writers to see their piece on stage and in front of an audience with limited sets and costumes. During the fiscal year ending 8/31/25, Village Theatre hosted the Festival of New Musicals which spotlighted reading of four new musicals over three days. Total attendance at the festival readings was 1,244 1687981 0 1248273 KIDSTAGE trains young people in theatre skills for career opportunities and enriched lives by offering classes and performance opportunities. KIDSTAGE education programs consist of year-round classes and camps; and performance opportunities in two locations: Issaquah and Everett, Washington. Enrollment in classes was approximately 2,445 students. KIDSTAGE produced 6 musicals throughout the year between both locations. An audience of 8,904 attended 52 performances. Some of the performance opportunities are provided at no cost to the students, while others are tuition based with scholarships available. 109138 0 282309 The Everett Performing Arts Center is a separate live theatre facility located in Everett, WA. In addition to our Mainstage productions Village Theatre facilitates a variety of on-stage experiences for Everett audiences, including local chorale groups and children's plays. Expenses include direct expenses associated only with outside arts programming and do not include expenses for Village Theatre programs which are required under the management contract with the City of Everett and which are included elsewhere in the program/service accomplishments. Approximately 7,501 patrons and students attended events at the facility during 2024/2025. 109138 0 282309 14390002 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 131 0 1 533 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X X Diane Wright 4253921942 303 Front St North Issaquah WA 98027 Adam Immerwahr Artistic Director 40 0 X 249982 0 18936 Diane Wright Director of Finance 40 0 X 145267 0 14310 Derek Watanabe Managing Director as of 8/2024 40 0 X 78462 0 78462 Laura Lee Managing Director thru 5/2024 40 0 X 140582 0 3172 Bradley Bixler Technical Director 40 0 X 100121 0 12436 Jennifer Larson Board Member 3 0 X 0 0 0 Tasha Lutfi Board Member 3 0 X 0 0 0 Rachel McCall Board Member 3 0 X 0 0 0 Dean Papastrat Board Member 3 0 X 0 0 0 Jennifer Tice Walker Board Member 3 0 X 0 0 0 Helen Goff Board Member 3 0 X 0 0 0 Heather Emans Board Member 3 0 X 0 0 0 Alison Suttles Board Member 3 0 X 0 0 0 Lydia Rapidah Board Member 3 0 X 0 0 0 Todd Thull Board Member 3 0 X 0 0 0 Ann Snow Board Member 3 0 X 0 0 0 Trina Nguyen Board Member 3 0 X 0 0 0 Margaret Holsinger Board Member 3 0 X 0 0 0 Judd Lee Board Member 3 0 X 0 0 0 Gwendolyn King Board Member 3 0 X 0 0 0 Jill Klinge Board Member 3 0 X 0 0 0 James Ladd Board Member 3 0 X 0 0 0 Julie Bailey President 5 0 X 0 0 0 Twyla Lucas Vice President Strategic Fundraising 5 0 X 0 0 0 John Seethoff Vice President Governance 5 0 X 0 0 0 Bruce Wanta Vice President 5 0 X 0 0 0 Aaron Coe Treasurer 5 0 X 0 0 0 Judy Yu Secretary 5 0 X 0 0 0 714414 0 127316 4 0 1 0 0 0 659201 0 812372 2693591 45640 4165164 Mainstage 711110 9168031 9168031 0 0 KIDSTAGE 711110 1248273 1248273 0 0 Everett Performing Arts Center 711110 282309 282309 0 0 0 0 0 0 10698613 117730 117730 0 0 0 0 0 0 0 0 0 0 224123 0 53095 0 171028 0 171028 171028 0 0 0 0 0 0 0 0 0 0 0 0 399100 659201 139461 259639 0 259639 148898 43779 105119 105119 0 0 Insurance Proceeds 524000 4865 4865 0 0 Rebates 711110 4474 4474 0 0 0 0 0 0 9339 15526632 11101829 0 259639 0 0 0 0 0 0 0 0 649326 374467 224087 50772 0 0 0 0 9105378 8193151 570887 341340 325734 312084 8137 5513 827311 796600 14117 16594 888226 764439 86640 37147 0 0 0 0 15377 0 15377 0 55155 0 55155 0 10000 0 10000 0 0 0 26383 0 26383 0 86957 0 86957 0 795964 772252 8702 15010 134624 73456 60238 930 297959 33365 261432 3162 871354 871349 5 731363 586399 135624 9340 281534 249357 11323 20854 0 0 0 0 21581 6017 15564 0 4819 0 4819 0 0 0 0 0 453454 384086 55452 13916 96846 88260 5922 2664 Sets and Costumes 521689 521584 105 0 Charge Card Fees 369245 363136 6109 0 Fundraising 43725 0 8281 35444 16614004 14390002 1671311 552691 X 0 0 0 0 101501 288747 3073402 2225137 1100235 1019991 20709 15049 1079796 1239442 20052811 9850489 10278129 10202322 3935669 4419633 462548 403119 20051989 19813440 579181 821255 4969111 5374835 2871204 2751198 8419496 8947288 X 7851761 6648644 3780732 4217508 11632493 10866152 20051989 19813440 -1087372 321031 0 0 0 0 X 0 1 1 0 X 7555101 8727169 3641321 2963896 4165164 27052651 918952 6312804 8031386 8336111 11246611 34845864 0 0 0 0 0 0 0 0 0 0 0 0 8474053 15039973 11672707 11300007 15411775 61898515 506751 297434 188440 268806 374540 1635971 0 0 0 0 506751 297434 188440 268806 374540 1635971 60262544 301139 418597 418592 375528 341853 1855709 0 0 0 301139 418597 418592 375528 341853 1855709 0 0 0 0 63954 530 9339 73823 8839146 15458570 12091299 11676065 15762967 63828047 0.94414 0.89433 0.02907 0.02865 X Schedule A, Part III, Line 12 Other income in 2020 of $63,954 is Unemployment Stop Loss Coverage that was triggered due to high unemployment claims during 2020 as a result of COVID. Other income in 2023 and 2025 are rebates and recycling income received. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 0 10000 16604004 16614004 980700 245175 0 0 770892 949414 866601 980700 3567607 5351411 10000 0 0 10000 20000 192723 237354 216650 245175 891902 1337853 10000 0 0 10000 20000 2883057 226850 376324 0 134565 24463 3327203 2537227 34526 456522 0 124020 21198 2883057 2299503 140584 223383 0 108954 17289 2537227 2166700 586761 -453958 0 0 0 2299503 1500610 315648 410709 0 60267 0 2166700 0.09 0.91 0 1 0 0 2216626 2216626 0 11423374 5261120 6162254 0 2707633 1346132 1361501 0 3670683 3232799 437884 0 34495 10438 24057 10202322 16201562 321031 117564 0 236335 674930 15526632 0 0 0 15526632 16967903 117564 0 0 236335 353899 16614004 0 0 0 16614004 Schedule D, Part V, Line 4 The Theatre's endowment consists of: a board quasi-endowment; and a permanently restricted endowment established for supporting general operations, Mainstage, youth education and Village Originals. The purpose of the endowment is to grow the corpus to levels that will help provide financial stability for the organization. Schedule D, Part XI, Line 2d Reconciling Adjustments: Rental expenses $53,095; Cost of Goods Sold $43,779.13; Direct expenses from fundraising $139,461 Schedule D, Part XII, Line 2d Reconciling Adjustments: Rental expenses $53,095; Cost of Goods Sold $43,779.13; Direct expenses from fundraising $139,461 Gala and Auction 921346 542071 379275 0 0 14105 22940 4130 81119 Sing It Forward 136955 117130 19825 0 0 0 0 2494 14673 0 1058301 659201 399100 0 0 14105 22940 6624 95792 139461 259639 X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Adam Immerwahr Artistic Director 249982 0 0 0 0 0 7496 0 11440 0 268918 0 0 0 Diane Wright Director of Finance 145267 0 0 0 0 0 4471 0 9839 0 159577 0 0 0 Schedule J, Part I, Line 1a Various directors within the organization are given discretionary budget accounts, as part of the budgeting process to cover unforeseen expenses that may arise withing their department. These directors include the Artistic Director, Managing Director, Director of Production, Director of Youth Education, Director of Marketing and Director of Development. Transfers from the discretionary budget accounts must be approved by management and given to the accounting department to transfer the funds from the discretionary general ledger budget account to the general ledger budget account that requires the needed funds. Schedule J, Part I, Line 3 For the fiscal year ending 08/31/25, the organization's leadership's compensation, which consists of the Artistic Director and Managing Director, is reviewed and approved by the board of directors. A compensation committee evaluates their salaries at comparable theatres using salary surveys and selected 990 tax returns for regional theatres in the Seattle area and around the country. The committee brings their compensation recommendations to the full board for approval. Other key employee's compensation are presented to the finance committee for review as part of the annual budgeting process, which is ultimately approved by the full board. Schedule J, Part I, Line 4 During the year ending 08/31/2024, Laura Lee left Village Theatre and received a severance payment in the amount of $34,846. Neal Bailey Spouse of Board President 245495 Centimark Roofing was hired to complete a new roof for Village Theatre. Neal Bailey works as a regional sales director for Centimark. 3 bids were received and reviewed by the Board with unainmous approval. 0 X 1 38340 FMV X Gift Cards 2 5800 FMV X Gala Swag 1 1500 FMV 0 0 1 0 Form 990, Part VI, Section B, Line 11b The organization uses electronic E-filing software to complete the 990. The software provides a verification process that must be completed before the return is marked completed and ready to file. Then the 990 is provided to all board members via email prior to filing. Time is given for board members to provide any feedback on the return. After the review time is complete the return is ready for filing. Management electronically files the return with the IRS. Form 990, Part VI, Section B, Line 12c Annually the board is given a copy of the Conflict of Interest policy and then asked to sign a certificate of acknowledgement that affirms that they have read and understand the policy and have agreed to comply with the articles of the policy. Additionally, the board annually fills out a board questionnaire that inquiries about family or business relationships that may be potential conflicts, as well as, inquiring about business transactions and compensation. Form 990, Part VI, Section B, Line 15 For the fiscal year ending 8/31/25, the organization's leadership, which consists of the Artistic Director and Managing Director, are reviewed by the Board of Directors. A Compensation Committee evaluates their salaries with comparable theatres in the National Alliance for Musical Theatre salary survey and selected 990 tax returns for regional theatres in the Seattle area and around the country. The committee brings their compensation recommendations to the full board for approval. Other key employee's salaries are presented at the finance committee for review as part of the annual budgeting process which is approved by the full board. Form 990, Part VI, Section C, Line 19 The organization makes governing documents, conflict of interest policy and financial statements available to the public upon request. Additionally, audited financial statements and 990's are posted on Village Theatre's website and are available to the public for download. The 990 is also posted on GuideStar.