Theatre Horizon
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 36
- Location
- Norristown, PA
- Founding
- 03/2006
- Data as of
- 06/2023
- EIN
- 20-3708656
Organization Overview
Theatre Horizon is located in Norristown, PA. The organization was established in 2006. 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 06/2023, Theatre Horizon employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Horizon 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 06/2023, Theatre Horizon generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 10.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THEATRE WE CREATE A COMMUNITY OF ARTISTS, STUDENTS, AND AUDIENCES IN WHICH EACH MEMBER IS ENCOURAGED TO GROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2022-2023 SEASON, THEATRE HORIZON PRODUCED A SERIES OF FOUR IN- PERSON PRODUCTIONS, REACHING 3,694 AUDIENCE MEMBERS INCLUDING 693 NEW TICKET BUYERS.
IN THE 2022-2023 SEASON, THEATRE HORIZON REACHED 858 CHILDREN THROUGH ITS EDUCATION PROGRAMS INCLUDING SUMMER DRAMA CAMPS, AFTER SCHOOL DRAMA CLUBS, AND AUTISM DRAMA PROGRAM. PROGRAMS RAN ONLINE AND IN PERSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Midha President | OfficerTrustee | 3 | $0 |
Gail Fishman Vice Preside | OfficerTrustee | 3 | $0 |
Robert Vogel Treasurer | OfficerTrustee | 3 | $0 |
Olivia Brady Board Member | Trustee | 1 | $0 |
Matthew Decker Board Member | Trustee | 1 | $0 |
Linda Lipscomb Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $890,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,249 |
| Total Program Service Revenue | $186,591 |
| Investment income | $1,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,126,605 |
| 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. | $74,396 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $526,965 |
| Pension plan accruals and contributions | $10,141 |
| Other employee benefits | $23,792 |
| Payroll taxes | $52,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,436 |
| Office expenses | $8,453 |
| Information technology | $4,880 |
| Royalties | $0 |
| Occupancy | $54,050 |
| Travel | $12,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,755 |
| Insurance | $19,601 |
| All other expenses | $95,824 |
| Total functional expenses | $1,636,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,567 |
| Savings and temporary cash investments | $200,627 |
| Pledges and grants receivable | $786,846 |
| Accounts receivable, net | $16,030 |
| 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 | $31,163 |
| Net Land, buildings, and equipment | $65,733 |
| Investments—publicly traded securities | $406,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $234,969 |
| Total assets | $1,938,330 |
| Accounts payable and accrued expenses | $82,314 |
| Grants payable | $0 |
| Deferred revenue | $2,480 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $235,019 |
| Total liabilities | $319,813 |
| Net assets without donor restrictions | $810,462 |
| Net assets with donor restrictions | $808,055 |
| 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 | $1,938,330 |