Slow Burn Theatre Company Inc
- Assets
- $818.4k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Fort Laduerdale, FL
- Founding
- 11/2009
- Data as of
- 07/2024
- EIN
- 27-0802234
Organization Overview
Slow Burn Theatre Company Inc is located in Fort Laduerdale, FL. The organization was established in 2009. 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 07/2024, Slow Burn Theatre Company Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slow Burn 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 07/2024, Slow Burn Theatre Company Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $2.6m during the year ending 07/2024. While expenses have increased by 25.9% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SLOW BURN THEATRE COMPANY, INC. (THE "ORGANIZATION") IS A NONPROFIT, TAX- EXEMPT ORGANIZATION INCORPORATED IN THE STATE OF FLORIDA IN 2009. THE ORGANIZATION'S MISSION IS TO PROVIDE SOUTH FLORIDA'S DIVERSE POPULATION WITH OPPORTUNITIES TO EXPERIENCE HIGH QUALITY, DARING, CONTEMPORARY AND INTELLIGENT WORKS OF MUSICAL THEATRE THROUGH ATTENDANCE, EMPLOYMENT, AND EDUCATIONAL COMMUNITY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SLOW BURN THEATRE COMPANY IS THE ONLY LOCAL THEATRE COMPANY TO PRODUCE MUSICALS IN PARTNERSHIP WITH PREMIER PERFORMING CENTERS THROUGHOUT SOUTH FLORIDA, SUCH AS THE BROWARD CENTER FOR THE PERFORMING ARTS. SLOW BURN THEATRE COMPANY'S AUDIENCES ARE NOT ONLY TO BE ENTERTAINED THROUGH THE PRODUCTIONS, BUT TO BE EDUCATED BY BEING PRESENTED WITH THOUGHT-PROVOKING MATERIAL THAT TOUCHES ON CURRENT ISSUES SUCH AS DISCRIMINATION, BULLYING, NEGLECTED HISTORY, SELF-DISCOVERY AND ACCEPTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Fitzwater Director/fou | Trustee | 40 | $97,500 |
Matthew Korinko Vice Preside | Officer | 40 | $54,000 |
Joe Balchunas Director | Trustee | 10 | $0 |
Frank Bolanos Director | Trustee | 10 | $0 |
Gary Deinken Director | Trustee | 10 | $0 |
David Diaz Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,113 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,332 |
| Noncash contributions included in lines 1a–1f | $30,689 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,445 |
| Total Program Service Revenue | $1,652,730 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $83,852 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,418,053 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $988,800 |
| Advertising and promotion | $155,798 |
| Office expenses | $242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $258,247 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $21,192 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,095 |
| Insurance | $0 |
| All other expenses | $135,602 |
| Total functional expenses | $2,617,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $339,752 |
| 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 | $32,439 |
| Net Land, buildings, and equipment | $88,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,300 |
| Total assets | $818,415 |
| Accounts payable and accrued expenses | $1,217 |
| Grants payable | $0 |
| Deferred revenue | $360,794 |
| 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 | $362,011 |
| Net assets without donor restrictions | $406,404 |
| Net assets with donor restrictions | $50,000 |
| 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 | $818,415 |