Art & Drama Centre Theatre
- Assets
- $325.0
- Revenue
- $676.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 04/2012
- Data as of
- 12/2023
- EIN
- 27-3293759
Organization Overview
Art & Drama Centre Theatre, operating under the name ACT The Art Centre Theatre of Plano The Art Centre Theatre, is located in Plano, TX. The organization was established in 2012. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ACT The Art Centre Theatre of Plano The Art Centre Theatre 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 12/2023, ACT The Art Centre Theatre of Plano The Art Centre Theatre generated $676.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $676.0k during the year ending 12/2023. 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
THE ART & DRAMA CENTRE THEATRE PROVIDES ARTS OPPORTUNITIES FOR PERSONS OF ALL; AGES, BACKGROUNDS, CREEDS, RELIGIOUS AFFILIATIONS, SEXUAL ORIENTATION, GENDER IDENTIFYING, SEXUAL IDENTITY, POLITICAL AFFILIATION AND RACE IN HE NORTH TEXAS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REVENUE FROM THIS PROGRAM WAS GENERATED BY LIVE TOURING AND INCIDENTAL PERFORMANCES BY LIVE THEATRE PRODUCTIONS. DEFICITS WERE MADE UP THROUGH CORPORATE AND PRIVATE DONATIONS. REVENUE LISTED INDICATES MONIES GLEANED FROM TICKET SALES BOOKING COSTS. COSTS ABOVE REVENUE EARNED WAS COVERED BY DONATION AMOUNTS TO THE PROGRAM
THE REVENUE GENERATED BY THIS PROGRAM CAME FROM TUITION AND FEES FROM OUTSIDE CLASSES, WORKSHOPS AND EVENTS (TICKETED & SPONSORED OR UNDERWRITTEN) THAT OCCURRED WITHIN AND OUTSIDE OF THE THEATRE AND WERE EDUCATIONAL OR INFORMATIONAL IN NATURE RELATING ALL SUBJECTS INVOLVING THE ARTS. DEFICITS WERE MADE UP OF PRIVATE DONATIONS. REVENUE IN THIS SECTION IS DEFINED AS TO MONEY TAKEN IN BY THE TUITION AND FEES FOR THE CLASSES, WORKSHOPS AND EVENTS THAT DIRECTLY CAME FROM THOSE ACTIVITIES. COSTS ABOVE THOSE EARNINGS WERE MADE UP FOR BY DONATIONS TO EVEN OUT THE COST,
THIS PROGRAM IS PARTIALLY FUNDED BY THE CITY OF PLANO. THIS PROGRAM IS A 2 WEEK LONG 8 HOUR DAILY M-F SUMMER ARTS & EVENTS CAMP GRANT - ALLOWING US TO SCHOLARSHIP 500 + STUDENTS INTO THE SUMMER PROGRAM WITHOUT THE FAMILIES OF THOSE INVOLVED HAVING TO PAY FOR THE PROGRAM COSTS. IT ALSO INCLUDES A FREE LUNCH THAT IS PROVIDED BU A PARTNERSHIP WITH A SECONDARY NONPROFIT, "UNIQUE PIECES," WHO PROVIDES FREE FOOD SERVICES TO THE YOUTH. THE PROGRAM RUNS FOR 10 WEEKS AND INVOLVES EXPOSURE TO ALL AREAS OF ARTISITC TRAINING; MUSIC, ANCE, ART, THEATRE, IMPROVISATIONAL SKILLS, AND MUCH MORE. THIS PROGRAM IS FULLY FUNDED BY $55,000 GRANT FROM THE CITY OF PLANO, THERE ARE NO OTHER REVENUE STREAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamey Jamison Executive Director | Officer | 30 | $0 |
Cathy Feldman President | Officer | 3 | $0 |
Mike Dimascio Treasurer | Officer | 3 | $0 |
Shawn Greenberg Vice President | Officer | 3 | $0 |
Pete Thompson Officer | Officer | 3 | $0 |
Ken Schwartz Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,827 |
| Noncash contributions included in lines 1a–1f | $255,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,826 |
| Total Program Service Revenue | $206,459 |
| Investment income | $0 |
| 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 | $676,285 |
| 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 | $114,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,508 |
| Fees for services: Accounting | $6,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,518 |
| Office expenses | $22,667 |
| Information technology | $2,825 |
| Royalties | $22,715 |
| Occupancy | $66,912 |
| Travel | $5,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,868 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,912 |
| All other expenses | $255,888 |
| Total functional expenses | $675,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $325 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $325 |
| Total liabilities and net assets/fund balances | $325 |