Live Bait Theatrical Company
- Assets
- $59.9k
- Revenue
- $29.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 36-3622390
Organization Overview
Live Bait Theatrical Company is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Live Bait Theatrical Company 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 12/2021, Live Bait Theatrical Company generated $29.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $27.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS PROVIDE PRODUCTION FACILITIES TO OTHER NOT-FOR- PROFIT AND START-UP THEATER COMPANIES; TO ENGAGE THE COMMUNITY BY USING ART TO ENHANCE THE LIVES OF CHILDREN AND SENIORS; AND TO WRITE NEW WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRODUCTION FACILITIES TO OTHER NOT-FOR-PROFIT AND START-UP THEATER COMPANIES.
OUTREACH PROGRAMS: 1. TEACHING WEEKLY IMPROVISATIONAL ACTING AND PERFORMANCE TECHNIQUES TO SENIOR CITIZENS ONLINE VIA ZOOM OR IN A LOCAL PARK, WEATHER PERMITTING. 2. TEACHING WEEKLY MEMOIR WRITING CLASSES TO SENIORS (55 & UP) ONLINE VIA ZOOM. THE PROGRAM IS COORDINATED WITH GOODMAN THEATRE'S GENARRATIONS PROJECT.
ARTISTIC PROGRAMS: 1. DIRECTED TWO FULL LENGTH SOLO STORYTELLING PERFORMANCES PRESENTED VIRTUALLY AT THE 2021 AND 2022 FILLET OF SOLO FESTIVAL IN CHICAGO IL. 2. ONGOING ARTISTIC DEVELOPMENT PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ragir Executive Director | Officer | 20 | $8,000 |
Edward Salomon President | OfficerTrustee | 0.5 | $0 |
James Blake Treasurer | OfficerTrustee | 0.5 | $0 |
Edward Thomas-Herrera Secretary | OfficerTrustee | 0.5 | $0 |
Sharon Evans Ragir Artistic Director | Officer | 8 | $0 |
Joe Plummer Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,831 |
| 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 | $29,831 |
| 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. | $8,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,553 |
| 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 | $1,580 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,113 |
| 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 | $40,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,940 |
| 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 | $11,200 |
| Total liabilities | $11,200 |
| Net assets without donor restrictions | $48,740 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $59,940 |
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Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Lookingglass Theatre Company Chicago, IL | $2,356,485 | $3,866,114 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
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Northlight Theatre Inc Skokie, IL | $4,541,751 | $5,261,780 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |