Indiana Repertory Theatre Inc is located in Indianapolis, IN. The organization was established in 1971. 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 06/2022, Indiana Repertory Theatre Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Repertory Theatre 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 06/2022, Indiana Repertory Theatre Inc generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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 INDIANA REPERTORY THEATRE IS TO PRODUCE TOP-QUALITY, PROFESSIONAL THEATER THAT ENGAGES, ENTERTAINS, AND CHALLENGES PEOPLE IN A WAY THAT HELPS BUILD VIBRANT COMMUNITY.
Describe the Organization's Program Activity:
IRT'S ARTISTIC AND EDUCATIONAL PROGRAMMING SERVES MORE THAN 50 INDIANA COUNTIES EACH YEAR, AN IMPACT UNEQUALED BY OUR THEATRICAL PEERS. IRT SEEKS TO PROVIDE EXPERIENCES THAT WILL ENGAGE, CHALLENGE, AND ENTERTAIN ALL OF INDIANA, A STATE COMPRISED OF AN EVER-CHANGING POPULATION OF ETHNICITIES, CULTURES, AND EXPERIENCES, ALL WITH RICH HISTORIES AND DYNAMIC POINTS OF VIEW. IRT PROVIDES THIS DIVERSE POPULATION WITH A PLACE WHERE THEIR STORIES CAN BE PRESENTED AND SHARED, WHERE ISSUES OF SOCIAL JUSTICE THAT CENTER ON CULTURE AND RACE CAN BE EXPLORED THROUGH AN INCLUSIVE ARRAY OF PRODUCTIONS INTENDED TO WELCOME PATRONS OF ALL BACKGROUNDS. PROGRAMMING FOR THIS DIVERSE AUDIENCE PLAYS A CENTRAL ROLE IN CURATING AN IRT SEASON, AS WE REACH ACROSS THE POLITICAL, CULTURAL, AND RACIAL DIVIDES OF INDIANA'S URBAN AND RURAL POPULATIONS. IRT PRODUCTIONS SEEK TO INSPIRE PATRONS AND UTILIZE THE THEATRE AS A PLATFORM THAT FOSTERS DISCUSSIONS ABOUT ART, ISSUES, EMPATHY, AND EQUITY. RECOGNITION OF THIS NEED LED TO IRT'S 2019 LAUNCH OF THE INCLUSION SERIES, FEATURING WORKS BY UNDERREPRESENTED BIPOC (BLACK, INDIGENOUS, PEOPLE OF COLOR) ARTISTS AND REFLECTING THEIR CULTURAL EXPERIENCES; INITIALLY PRESENTED AS A DISTINCT ENTITY IN ORDER TO INTRODUCE ITS CENTRAL PRECEPTS TO THE PUBLIC, THE INCLUSION SERIES WILL NO LONGER BE DISTINGUISHED AS A SEPARATE BLOCK OF PRODUCTIONS AS ITS PRECEPTS ARE NOW FIRMLY EMBEDDED IN ALL IRT PROGRAMMING. MOREOVER, THE THEATRE AIMS TO DO MORE THAN CREATE A DYNAMIC WHERE THESE STORIES ARE PASSIVELY VIEWED ONSTAGE - CONVERSATIONS MUST BE HELD TO SHOW HOW ISSUES RELATED IN THESE STORIES AFFECT OUR COMMUNITY AS A WHOLE, AND HOW ACTION MIGHT BE TAKEN TO FIND COMMON GROUND AND EQUITABLE SOCIAL ADVANCEMENT. ALSO UNIQUE TO IRT'S PROGRAMMING IS THE INDIANA SERIES, A GROWING COLLECTION OF PLAYS FOR AND ABOUT HOOSIERS, OFFERING AN EXPANSIVE EXAMINATION OF INDIANA'S HISTORY, SPIRIT, AND CHARACTER. THE SERIES INCLUDES 18 PLAYS, WITH 12 COMMISSIONED BY THE IRT. THE THEATRE HAS SECURED A RESTRICTED ENDOWMENT TO SUPPORT THE CREATION AND DEVELOPMENT OF NEW WORK FOR THE INDIANA SERIES. AS THE ARTS & CULTURE LANDSCAPE CONTINUES TO BE REDEFINED IN THE YEARS FOLLOWING THE PANDEMIC, IRT SEEKS TO HONOR ITS INSTITUTIONAL HISTORY WHILE LOOKING TO THE FUTURE AND PROVIDING BOTH ARTISTIC AND COMMUNITY SERVICE TO HOOSIERS OF ALL BACKGROUNDS. THE THEATRE PROGRAMS TO SEVERAL CRUCIAL AUDIENCE SEGMENTS EACH YEAR, INCLUDING ITS LOYAL SUBSCRIBER BASE, A STATE-WIDE STUDENT AUDIENCE, AND A DIVERSE GENERAL AUDIENCE. THE THEATRE PROGRAMS 5-6 PRODUCTIONS IN ITS TWO PRIMARY PERFORMANCE SPACES, INCLUDING 5 PLAYS IN OUR SUBSCRIPTION SEASON AND OUR ANNUAL PRESENTATION OF A CHRISTMAS CAROL, A HOLIDAY TRADITION THAT REMAINS OUR MOST POPULAR PRODUCTION. IRT'S 2021-22 SEASON SAW THE RETURN TO A FULL SCHEDULE OF LIVE PERFORMANCES FOLLOWING A FULLY VIRTUAL SEASON IN 20-21, NECESSITATED BY THE PANDEMIC. IN ADDITION TO LIVE PERFORMANCES, PRODUCTIONS WERE ALSO OFFERED DIGITALLY FOR THOSE PATRONS NOT ABLE OR WILLING TO RETURN TO THE THEATRE IN PERSON. THE SEASON OFFERED WIDE SELECTION OF PROGRAMMING: THE TOPICAL COMEDY OF THE BOOK CLUB PLAY AND STEEL MAGNOLIAS, A HISTORICAL EXAMINATION OF OUR COUNTRY'S TROUBLE RACIAL HISTORY IN THE INCLUSION SERIES PRODUCTIONS OF THE PAPER DREAMS OF HARRY CHIN AND THE RECLAMATION OF MADISON HEMINGS (A WORLD PREMIERE), AND LITERARY CLASSICS RAY BRADBURY'S FARHEINHEIT 451 AND CHARLES DICKENS' A CHRISTMAS CAROL. AS INDIANA'S PREMIER PROFESSIONAL THEATRE, EACH SEASON THE IRT FULFILLS ITS MANDATE TO SERVE AS THE STATE'S THEATRE ARTS EDUCATION CENTER AND AS A CREATIVE RESOURCE FOR TEACHERS. THE MISSION OF THE INDIANA REPERTORY THEATRE IS TO PRODUCE TOP-QUALITY, PROFESSIONAL THEATRE AND RELATED ACTIVITIES, PROVIDING EXPERIENCES THAT ENGAGE, SURPRISE, CHALLENGE, AND ENTERTAIN PEOPLE THROUGHOUT THEIR LIFETIMES, THEREBY HELPING TO BUILD A VITAL AND VIBRANT COMMUNITY. IN FULFILLING OUR MISSION, WE HAVE CREATED A RICH LEGACY OF MORE THAN 300 CLASSIC AND CONTEMPORARY PRODUCTIONS, RANGING FROM SHAKESPEARE TO SHAW TO AUGUST WILSON; AND, WE ARE THE ONLY PROFESSIONAL PRODUCER OF PRE-20TH CENTURY DRAMATIC LITERATURE IN INDIANA. THE THEATRE ALSO HAS A LONG-STANDING COMMITMENT TO CREATE AND PRESENT NEW WORKS, PRODUCING 34 WORLD PREMIERES (20 THAT WE COMMISSIONED) AND FOUR AMERICAN PREMIERES. THE POSITIVE IMPACT OF OUR RICH ARTISTIC HERITAGE AND CREATIVE COMMITMENT HAS BEEN RECOGNIZED BY OUR PEERS AND PRIVATE AND PUBLIC FUNDERS. SINCE 1998, THE IRT HAS RECEIVED OVER 28 GRANTS FROM THE NATIONAL ENDOWMENT FOR THE ARTS TOTALING MORE THAN $640,000, AND GARNERED ACCOLADES FROM NATIONAL REVIEW PANELS FOR OUR ARTISTIC EXCELLENCE, PUBLIC OUTREACH, AND EDUCATIONAL EXPERTISE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Past Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $110,454 |
Related organizations | $0 |
Government grants | $2,455,188 |
All other contributions, gifts, grants, and similar amounts not included above | $2,951,727 |
Noncash contributions included in lines 1a–1f | $38,743 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,517,369 |
Total Program Service Revenue | $1,815,617 |
Investment income | $922,883 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $4,775 |
Net Gain/Loss on Asset Sales | $330,802 |
Net Income from Fundraising Events | $29,666 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,710,917 |
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. | $419,077 |
Compensation of current officers, directors, key employees. | $143,531 |
Compensation to disqualified persons | $298 |
Other salaries and wages | $2,709,623 |
Pension plan accruals and contributions | $157,193 |
Other employee benefits | $274,126 |
Payroll taxes | $240,425 |
Fees for services: Management | $0 |
Fees for services: Legal | $24,769 |
Fees for services: Accounting | $96,813 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $94,434 |
Fees for services: Other | $707,983 |
Advertising and promotion | $178,034 |
Office expenses | $222,255 |
Information technology | $0 |
Royalties | $84,545 |
Occupancy | $601,804 |
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 | $319,418 |
Insurance | $50,147 |
All other expenses | $30,504 |
Total functional expenses | $6,495,224 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,950 |
Savings and temporary cash investments | $4,821,890 |
Pledges and grants receivable | $2,475,573 |
Accounts receivable, net | $383,785 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $9,812 |
Prepaid expenses and deferred charges | $151,313 |
Net Land, buildings, and equipment | $1,834,383 |
Investments—publicly traded securities | $18,305,760 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,739,780 |
Total assets | $35,725,246 |
Accounts payable and accrued expenses | $368,128 |
Grants payable | $0 |
Deferred revenue | $941,254 |
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 | $1,309,382 |
Net assets without donor restrictions | $6,812,233 |
Net assets with donor restrictions | $27,603,631 |
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 | $35,725,246 |