Childrens Theatre Of Cincinnati
- Assets
- $17.0m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 43
- Location
- Cincinnati, OH
- Founding
- 07/1949
- Data as of
- 05/2022
- EIN
- 31-6026285
Organization Overview
Childrens Theatre Of Cincinnati is located in Cincinnati, OH. The organization was established in 1949. 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 05/2022, Childrens Theatre Of Cincinnati employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Theatre Of Cincinnati 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 05/2022, Childrens Theatre Of Cincinnati generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.2m during the year ending 05/2022. While expenses have increased by 6.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHILDREN'S THEATRE OF CINCINNATI (TCT) IS TO EDUCATE, ENTERTAIN AND ENGAGE AUDIENCES OF ALL AGES THROUGH PROFESSIONAL THEATRICAL PRODUCTIONS AND ARTS EDUCATION PROGRAMMING. OUR VISION IS TO AWAKEN A LIFELONG LOVE OF THEATRE IN CHILDREN AND THE YOUNG AT HEART. TODAY, THE CHILDREN'S THEATRE BRINGS ART TO LIFE FOR OUR AUDIENCES THROUGH THREE KEY PROGRAMS, TCT MAINSTAGE AT THE TAFT THEATRE, TCT ACADEMY, AND TCT ON TOUR (INCLUDING WORKSHOPS). EACH SEASON WE STRIVE TO REACH OVER 200,000 PEOPLE IN OUR REGION.
Describe the Organization's Program Activity:
TCT MAINSTAGE AT THE TAFT THEATRE INCLUDES DAYTIME PERFORMANCES FOR SCHOOL AUDIENCES AND WEEKEND PERFORMANCES FOR THE PUBLIC. FOUR PRODUCTION RUNS ARE HELD EACH YEAR, WITH INDIVIDUAL SHOWS FORMATTED INTO ONE-HOUR, FAMILY-FRIENDLY EVENTS. FOR EACH PRODUCTION, WE PRESENT SEVEN PERFORMANCES FOR PUBLIC AUDIENCES AND TEN PERFORMANCES FOR SCHOOL STUDENTS, REACHING ALMOST 103,000 FAMILIES, CHILDREN AND STUDENTS ANNUALLY.
TCT ACADEMY OFFERS ARTS TRAINING TO CHILDREN IN A VARIETY OF DISCIPLINES INCLUDING TWELVE-WEEK CLASS SESSIONS; ONE-WEEK THEMED SUMMER CAMPS FOR INTRODUCTORY ARTS MAKERS; OUR AUDITION-BASED, ONE-MONTH STAR INTENSIVE SUMMER PROGRAMS FOR CHILDREN WITH DEMONSTRATED TALENT AND INTEREST IN THE PERFORMING ARTS; AND ACADEMY LIVE! TRAINING WITH A CULMINATING PERFORMANCE OPPORTUNITY. IN ADDITION TO LEARNING THE ARTS, A PRIMARY OBJECTIVE FOR THESE PROGRAMS IS TO PROVIDE STUDENTS WITH THE NECESSARY TOOLS TO BECOME SUCCESSFULL ADULTS.
TCT ON TOUR AND WORKSHOPS BRINGS THE MAGIC OF LIVE THEATRE DIRECTLY TO THOSE WHO WOULD OTHERWISE BE UNABLE TO EXPERIENCE IT. WE TOUR FIVE PRODUCTIONS EACH SEASON, SERVING CHILDREN OF ALL AGES WITH TITLES TAKEN FROM CLASSIC LITERATURE, FAIRY TALES, HISTORY, AND OTHER WORKS STUDIED IN SCHOOL CURRICULA. THIS PROGRAM REACHES AN ADDITIONAL 60,000 STUDENTS ANNUALLY. TCT ON TOUR PRODUCTIONS ARE EDUCATIONAL AND ENTERTAINING, AS WELL AS AFFORDABLE, FOR SCHOOLS AND OTHER VENUES ACROSS THE BOARD GEOGRAPIC SPECTRUM OF OHIO, KENTUCKY, INDIANA AND BEYOND.
JUMPSTART THEATRE PROGRAM - THE JUMPSTART THEATRE PROGRAM CREATES SUSTAINABLE THEATRE ARTS PROGRAMS IN MIDDLE SCHOOLS WHERE THERE PREVIOUSLY WERE NONE. PARTICIPATING SCHOOLS ARE CHOSEN THROUGH A RIGOROUS APPLICATION PROCESS AND RECEIVE TRAINING, MATERIALS, AND BUDGET SUPPORT TO PRODUCE THEIR FIRST FULL-SCALE MUSICAL PRODUCTION. THE SUPPORT CONTINUES FOR THREE YEARS UNTIL THE PROGRAM BECOMES SELF-SUSTAINING. NON-THEATRE TEACHERS ARE EQUIPPED WITH SKILLS AND RESOURCES TO PRODUCE THEIR SCHOOL'S FIRST MUSICAL THROUGH A PROVEN COMBINATION OF BOOTCAMP STYLE TRAINING AND HANDS-ON MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Kern Managing Director & CEO | Officer | 1 | $139,810 |
Roderick Justice Artistic Director | 1 | $105,596 | |
Greg Adams Chairman | OfficerTrustee | 1.96 | $0 |
Danielle Wilson Vice Chairman | OfficerTrustee | 0.54 | $0 |
David Crowley Treasurer | OfficerTrustee | 0.67 | $0 |
Allison Kropp Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $229,800 |
| Membership dues | $12,285 |
| Fundraising events | $4,500 |
| Related organizations | $0 |
| Government grants | $1,650,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,287,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,184,455 |
| Total Program Service Revenue | $1,269,298 |
| Investment income | $380,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,235 |
| Net Income from Fundraising Events | $16,581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,914,508 |
| 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. | $143,227 |
| Compensation of current officers, directors, key employees. | $42,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,524,636 |
| Pension plan accruals and contributions | $11,012 |
| Other employee benefits | $134,284 |
| Payroll taxes | $136,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,782 |
| Fees for services: Accounting | $55,300 |
| Fees for services: Lobbying | $24,500 |
| Fees for services: Fundraising | $195,080 |
| Fees for services: Investment Management | $24,956 |
| Fees for services: Other | $169,315 |
| Advertising and promotion | $176,110 |
| Office expenses | $0 |
| Information technology | $62,258 |
| Royalties | $0 |
| Occupancy | $259,820 |
| Travel | $87,444 |
| 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 | $277,101 |
| Insurance | $23,177 |
| All other expenses | $9,475 |
| Total functional expenses | $4,166,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,144,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,659,105 |
| 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 | $118,337 |
| Net Land, buildings, and equipment | $5,104,010 |
| Investments—publicly traded securities | $6,259,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,000 |
| Other assets | $1,734,874 |
| Total assets | $17,028,934 |
| Accounts payable and accrued expenses | $253,553 |
| Grants payable | $0 |
| Deferred revenue | $481,577 |
| 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 | $735,130 |
| Net assets without donor restrictions | $9,634,405 |
| Net assets with donor restrictions | $6,659,399 |
| 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 | $17,028,934 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Childrens Theatre Of Cincinnati has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Tas Foundation Cincinnati, OH PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE. | $7,000 |
George And Mary Jo Budig Family Foundation Fort Mitchell, KY PURPOSE: GENERAL OPERATIONS | $500 |
Endowment Analysis
| Beg. Balance | $7,021,915 |
| Earnings | $657,436 |
| Admin Expense | $20,798 |
| Net Contributions | $10,000 |
| Other Expense | $94,000 |
| Ending Balance | $6,259,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Society Hill Playhouse Center For The Performing Arts Inc Philadelphia, PA | $0 | -$3,636 |