Phoenix Theatre Inc
- Assets
- $9.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 44
- Location
- Indianapolis, IN
- Founding
- 08/1983
- Data as of
- 08/2022
- EIN
- 31-1069575
Organization Overview
Phoenix Theatre Inc, operating under the name Phoenix Theatre, is located in Indianapolis, IN. The organization was established in 1983. 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 08/2022, Phoenix Theatre employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix 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 08/2022, Phoenix Theatre generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.8m during the year ending 08/2022. While expenses have increased by 10.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PHOENIX THEATRE SERVES AS A CATALYST IN THE INDIANAPOLIS REGION TO HELP NURTURE NEW TALENT, SHOWCASE DIVERSE VOICES, AND ENGAGE AUDIENCES WITH UNIQUE, CONTEMPORARY PRODUCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING AS A CATALYST IN THE INDIANAPOLIS REGION TO HELP NURTURE NEW TALENT, SHOWCASE DIVERSE VOICES, AND ENGAGE AUDIENCES WITH UNIQUE, CONTEMPORARY PRODUCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delia Robertson Managing Director | OfficerTrustee | 40 | $63,788 |
Matthew Burton Chairperson | OfficerTrustee | 0 | $0 |
David Jose Vice Chair | OfficerTrustee | 0 | $0 |
Alyson Smith Secretary | OfficerTrustee | 0 | $0 |
Dona Siebler Chairperson | OfficerTrustee | 0 | $0 |
Daniel Spitzberg MD Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $115,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,801,650 |
| Noncash contributions included in lines 1a–1f | $576 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,916,650 |
| Total Program Service Revenue | $479,266 |
| Investment income | $96,781 |
| 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 | $2,492,697 |
| 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. | $63,788 |
| Compensation of current officers, directors, key employees. | $28,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $602,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $102,335 |
| Fees for services: Management | $82,698 |
| 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 | $0 |
| Advertising and promotion | $34,731 |
| Office expenses | $26,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $343,391 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,258 |
| Interest | $222,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,737 |
| Insurance | $0 |
| All other expenses | $57,633 |
| Total functional expenses | $1,840,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $783,528 |
| Savings and temporary cash investments | $821,084 |
| Pledges and grants receivable | $481,789 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,490,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,668 |
| Net Land, buildings, and equipment | $302,668 |
| Investments—publicly traded securities | $72,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $421,636 |
| Total assets | $9,411,520 |
| Accounts payable and accrued expenses | $119,960 |
| Grants payable | $0 |
| Deferred revenue | $26,405 |
| 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 | $4,245,132 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,391,497 |
| Net assets without donor restrictions | $4,932,676 |
| Net assets with donor restrictions | $87,347 |
| 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 | $9,411,520 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Phoenix Theatre Inc has recieved totaling $123,537.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $40,000 |
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING | $35,360 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,550 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Artistic Director Search | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $4,000 |
Endowment Analysis
| Beg. Balance | $77,667 |
| Earnings | -$4,657 |
| Admin Expense | $863 |
| Ending Balance | $72,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |