Studio Tenn Theatre Company
- Assets
- $2.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 90
- Location
- Franklin, TN
- Founding
- 01/2010
- Data as of
- 07/2023
- EIN
- 27-0903097
Organization Overview
Studio Tenn Theatre Company is located in Franklin, TN. The organization was established in 2010. 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 07/2023, Studio Tenn Theatre Company employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio Tenn Theatre Company 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 07/2023, Studio Tenn Theatre Company generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.6m during the year ending 07/2023. While expenses have increased by 3.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE COMPELLING MUSICALS, PLAYS, CONCERTS AND EXPERIENCES THROUGH ARTFUL STORYTELLING AND INNOVATIVE DESIGN, AND TO CULTIVATE A MEANINGFUL UNDERSTANDING AND APPRECIATION OF THE ARTISTIC PROCESS IN PERFORMERS AND AUDIENCES OF ALL AGES THROUGH EDUCATION AND ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE USE A RICH COMBINATION OF TALENT FROM NASHVILLE AND BROADWAY TO BRING CLASSIC WORKS OF DRAMA AND MUSICAL THEATRE TO LIFE IN MIDDLE TENNESSEE; AND TO PROVIDE INNOVATIVE EDUCATIONAL PROGRAMS DESIGNED TO ENTERTAIN, EDUCATE, AND INSPIRE THE RISING ARTISTS OF OUR UNIQUE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Mcalister Board Chair | Trustee | 1 | $0 |
Larry Westbrook Vice Chair | Trustee | 1 | $0 |
Jim Munro Treasurer | Trustee | 1 | $0 |
Scott Wampold Secretary | Trustee | 1 | $0 |
Philip Hall Co-Founder | Trustee | 1 | $0 |
Danny Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,159,223 |
| Noncash contributions included in lines 1a–1f | $37,484 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,449,223 |
| Total Program Service Revenue | $574,994 |
| Investment income | $20,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,873 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,138,747 |
| 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. | $80,306 |
| Compensation of current officers, directors, key employees. | $80,306 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,694 |
| Payroll taxes | $44,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,388 |
| Fees for services: Accounting | $37,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,720 |
| Advertising and promotion | $81,789 |
| Office expenses | $0 |
| Information technology | $10,313 |
| Royalties | $0 |
| Occupancy | $47,301 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,188 |
| Interest | $36,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,290 |
| Insurance | $20,013 |
| All other expenses | $36,550 |
| Total functional expenses | $1,629,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,433 |
| Savings and temporary cash investments | $1,190,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,717 |
| Prepaid expenses and deferred charges | $80,363 |
| Net Land, buildings, and equipment | $54,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $401,431 |
| Total assets | $2,099,292 |
| Accounts payable and accrued expenses | $50,008 |
| Grants payable | $0 |
| Deferred revenue | $157,056 |
| 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 | $561,096 |
| Other liabilities | $0 |
| Total liabilities | $768,160 |
| Net assets without donor restrictions | -$82,574 |
| Net assets with donor restrictions | $1,413,706 |
| 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 | $2,099,292 |