Kitchen Theatre Company Inc
- Assets
- $1.7m
- Revenue
- $671.9k
- Investments
- $0.0
- Employees
- 40
- Location
- Ithaca, NY
- Founding
- 12/1996
- Data as of
- 06/2024
- EIN
- 16-1443072
Organization Overview
Kitchen Theatre Company Inc is located in Ithaca, NY. The organization was established in 1996. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Kitchen Theatre Company Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kitchen Theatre Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Kitchen Theatre Company Inc generated $671.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $600.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
IN ITS INTIMATE PERFORMANCE SPACE, THE KITCHEN THEATRE COMPANY (KTC) CREATES PROFESSIONAL THEATRE THAT CHALLENGES THE INTELLECT, EXCITES THE IMAGINATION, INFORMS AND ENTERTAINS. KTC NURTURES A COMMUNITY OF DIVERSE ARTISTS AND BRINGS EXCELLENT ART TO THE COMMUNITY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KITCHEN THEATRE BRINGS EXCELLENT ART TO THE COMMUNITY AND NURTURES A COMMUNITY OF DIVERSE ARTISTS. THE KITCHEN THEATRE SERVES THE ARTISTIC COMMUNITY BY OFFERING THEM A CHANCE TO PERFORM, DIRECT, DESIGN, WRITE AND CREATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Lampert Producing Artistic Director | Officer | 40 | $36,000 |
Thomas Smith Board Member | Trustee | 1 | $0 |
Sari Steifelman Board Member | Trustee | 1 | $0 |
Stacia Zabusky Board Member | Trustee | 1 | $0 |
Cynthia Henderson Board Member | Trustee | 1 | $0 |
Sherron Brown Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,590 |
| Noncash contributions included in lines 1a–1f | $11,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,228 |
| Total Program Service Revenue | $216,001 |
| Investment income | $8,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,645 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $671,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation of current officers, directors, key employees. | $4,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,051 |
| Office expenses | $8,467 |
| Information technology | $0 |
| Royalties | $8,177 |
| Occupancy | $29,986 |
| Travel | $7,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,721 |
| Insurance | $10,312 |
| All other expenses | $19,986 |
| Total functional expenses | $600,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,183 |
| Savings and temporary cash investments | $377,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,056 |
| Net Land, buildings, and equipment | $1,104,320 |
| Investments—publicly traded securities | $80,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,520 |
| Total assets | $1,669,936 |
| Accounts payable and accrued expenses | $18,721 |
| Grants payable | $0 |
| Deferred revenue | $42,602 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $167,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,966 |
| Total liabilities | $256,882 |
| Net assets without donor restrictions | $1,375,262 |
| Net assets with donor restrictions | $37,792 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,669,936 |