Circuit Playhouse Inc
- Assets
- $15.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 39
- Location
- Memphis, TN
- Founding
- 04/1972
- Data as of
- 06/2023
- EIN
- 23-7185772
Organization Overview
Circuit Playhouse Inc is located in Memphis, TN. The organization was established in 1972. 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, Circuit Playhouse Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circuit Playhouse 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 06/2023, Circuit Playhouse Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE A CHALLENGING AND DIVERSE REPERTOIRE OF THEATRICAL WORK FOR THE MEMPHIS COMMUNITY, TO PROVIDE A NURTURING ARTISTIC HOME WHERE ARTISTS CAN PRACTICE THEIR CRAFT, SHARE THEIR TALENT, AND TO MAKE ALL PRODUCTIONS AVAILABLE THROUGH ACCESS, OUTREACH, AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
THEATRICAL PERFORMANCES: CIRCUIT PLAYHOUSE, INC'S PRIMARY PURPOSE IS TO PROVIDE PERMANENT PROFESSIONAL THEATRE FOR THE ENRICHMENT OF THE MEMPHIS COMMUNITY. CIRCUIT UNDERTAKES 14 PRODUCTIONS EACH SEASON. THROUGH OUR OUTREACH PROGRAMS, WE STRIVE TO MAKE EACH PRODUCTION AVAILABLE TO ALL WHO WISH TO ATTEND, REGARDLESS OF THEIR FINANCIAL MEANS.
UNIFIED PROFESSIONAL THEATRE AUDITIONS ("UPTA") : THESE COMBINED AUDITIONS, HELD ANNUALLY IN FEBRUARY, PROVIDE ACTORS AND PRODUCTION PERSONNEL THE OPPORTUNITY TO BE SEEN BY REPRESENTATIVES OF QUALITY PROFESSIONAL THEATRE COMPANIES FROM ACROSS THE COUNTRY.
THEATRE FOR YOUTH: THE SUMMER YOUTH CONSERVATORY OFFERS INSTRUCTION FOR ANY STUDENT INTERESTED IN THEATRE, THROUGH CLASSES TAUGHT BY PROFESSIONAL ARTISTS. THE THEATRE SCHOOL PROVIDES CLASSES IN PERFORMANCE FOR CHILDREN AS WELL AS ADULTS, WHICH GIVES STUDENTS THE OPPORTUNITY TO EXPAND THEIR PERFORMANCE SKILLS IN ACTING, MUSIC, AND DANCE. Q&A, QUEER YOUTH THEATRE, PROVIDES YOUTH AGES 14-21 A THEATRICAL OUTLET TO CREATE AWARENESS WITHIN MEMPHIS FOR THE LGBTQIA AND STRAIGHT ALLIED YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Bogan Board Member | Trustee | 1 | $0 |
David Wayne Brown Board Member | Trustee | 1 | $0 |
Linda Collins Board Member | Trustee | 1 | $0 |
Susan Courson-Smith Board Member | Trustee | 1 | $0 |
Zach Ferguson Board Member | Trustee | 1 | $0 |
Tina Fockler Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,744 |
| Related organizations | $0 |
| Government grants | $671,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $763,399 |
| Noncash contributions included in lines 1a–1f | $115,434 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,583,343 |
| Total Program Service Revenue | $991,167 |
| Investment income | $118,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,849 |
| Net Income from Fundraising Events | -$16,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,713,843 |
| 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. | $87,000 |
| Compensation of current officers, directors, key employees. | $43,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,489,374 |
| Pension plan accruals and contributions | $13,681 |
| Other employee benefits | $0 |
| Payroll taxes | $77,825 |
| 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 | $60,910 |
| Advertising and promotion | $165,769 |
| Office expenses | $82,944 |
| Information technology | $0 |
| Royalties | $88,540 |
| Occupancy | $0 |
| Travel | $14,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373,006 |
| Insurance | $163,492 |
| All other expenses | $197,336 |
| Total functional expenses | $3,315,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,431 |
| Savings and temporary cash investments | $959,749 |
| Pledges and grants receivable | $169,193 |
| Accounts receivable, net | $42,053 |
| 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 | $128,978 |
| Net Land, buildings, and equipment | $9,191,088 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,814,101 |
| Total assets | $15,787,593 |
| Accounts payable and accrued expenses | $62,690 |
| Grants payable | $0 |
| Deferred revenue | $48,314 |
| 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 | $0 |
| Total liabilities | $111,004 |
| Net assets without donor restrictions | $14,643,589 |
| Net assets with donor restrictions | $1,033,000 |
| 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 | $15,787,593 |