Theater Bug Inc
- Assets
- $280.5k
- Revenue
- $492.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 03/2012
- Data as of
- 06/2023
- EIN
- 27-4141181
Organization Overview
Theater Bug Inc is located in Goodlettsville, TN. The organization was established in 2012. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Theater Bug 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, Theater Bug Inc generated $492.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $409.9k during the year ending 06/2023. While expenses have increased by 19.9% per year over the past 5 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
INSPIRE YOUNG PEOPLE TO CREATE COMMUNITY AND BUILD CONFIDENCE - ENCOURAGING THEM THROUGH EDUCATIONAL EXPERIENCES IN THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF 7 WAYS TO SUNDAY:7 WAYS TO SUNDAY IS AN ORIGINAL MUSICAL THAT ADDRESSED DEPRESSION AND SUICIDE. THIS PRODUCTION WAS PRESENTED IN PARTNERSHIP WITH THE TENNESSEE SUICIDE PREVENTION NETWORK. IT FEATURED 35 STUDENTS AND 3 ADULT PROFESSIONAL ACTORS PLUS A PROFESSIONAL 6 PIECE LIVE BAND. THE SHOW WAS MET WITH RAVE REVIEWS AND A NEARLY SOLD OUT RUN.WINTER CONCERT:OUR 11TH WINTER CONCERT SOLD OUT EVERY NIGHT OF A 325 SEAT VENUE WITH SEVERAL VIDEOS THAT RECEIVED OVER 1 MILLION VIEWS AFTER THE PRODUCTION. THE SHOW FEATURED 45 STUDENTS AND A 6 PIECE LIVE BAND.THE TEN MINUTE PLAY FESTIVAL:TEN MINUTE PLAY FESTIVAL FEATURED 8 ORIGINAL PLAYS BY STUDENTS THAT WERE PERFORMED AND DIRECTED BY ADULT NASHVILLE PROFESSIONALS AND STUDENT ACTORS. ONE OF THOSE PLAYS WAS SELECTED TO BE DEVELOPED INTO A FULL PLAY WHICH WILL BE PRODUCED IN SPRING 2024.STUDENT WRITTEN PRODUCTION:MY FAVORITE SEASON WAS AN ORIGINAL PLAY WRITTEN BY A THEATER BUG STUDENT. THE SHOW CENTERED AROUND A TEEN WITH DISSOCIATIVE IDENTITY DISORDER AND WAS DEVELOPED AND PRODUCED IN PARTNERSHIP WITH THE NATIONAL ASSOCIATION OF MENTAL ILLNESS. THE AUTHOR'S REAL LIFE DIAGNOSIS INSPIRED THEM TO WRITE A CHARACTER THAT FELT LIKE A POSITIVE AND MORE ACCURATE REPRESENTATION OF MENTAL ILLNESS FOR OTHER YOUNG PEOPLE FACING MENTAL HEALTH CRISES TO KNOW THEY ARE NOT ALONE. THE SHOW WAS PERFORMED BY 25 YOUTH ACTORS IN A COMPLETELY SOLD OUT RUN.SUMMER ONE ACT PLAY:SARAH AND THE SECRET OF THE CELLAR WAS A ONE ACT PLAY WRITTEN BY LOCAL NASHVILLE WRITERS OSBORNE AND EPPLER AND PERFORMED BY TWO CASTS OF 20 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bakari King Non Voting Member | Trustee | 2 | $0 |
Cori Anne Laemmel Non Voting Member | Trustee | 30 | $0 |
Tyson Laemmel Non Voting Member | Trustee | 2 | $0 |
Matia Powell Member | Trustee | 2 | $0 |
Tyler Merritt Member | Trustee | 2 | $0 |
Ann Peterson Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,622 |
| Total Program Service Revenue | $81,196 |
| 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 | $51 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,869 |
| 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 | $166,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,187 |
| Advertising and promotion | $15,532 |
| Office expenses | $2,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,597 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $9,859 |
| Total functional expenses | $409,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,453 |
| 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 | $280,453 |
| 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 | $280,453 |
| Total liabilities and net assets/fund balances | $280,453 |