Serendipity Theatre Co
- Assets
- $363.8k
- Revenue
- $491.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 03/2000
- Data as of
- 07/2024
- EIN
- 36-4289710
Organization Overview
Serendipity Theatre Co, operating under the name 2nd Story, is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2024, 2nd Story employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2nd Story 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 07/2024, 2nd Story generated $491.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $585.2k during the year ending 07/2024. While expenses have increased by 18.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
A STORYTELLING ORGANIZATION THAT HOSTS STORY-SHARING EXPERIENCES AROUND AND BEYOND CHICAGO. THESE EXPERIENCES WHICH COME IN THE FORM OF PERFORMANCES, CLASSES AND WORKSHOPS, AND CORPORATE PROGRAMS, ARE ROOTED IN STORY AND SEEK TO FULFILL A VISION OF A WORLD DRIVEN BY EMPATHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTUREBUILDS: CULTUREBUILDS IS 2ND STORY'S STORY-CENTERED APPROACH TO WORKPLACE TEAM BUILDING, SKILL BUILDING, AND EMPATHY BUILDING TRAINING FOR BUSINESSES OF ALL SIZES AND TYPES. ADDITIONALLY, OUR IN-SCHOOL BRANCH OF CULTUREBUILDS SERVES K-12 AS WELL AS COLLEGE AND UNIVERSITY STUDENTS, TEACHERS, FACULTY, AND PARENTS. EACH ENGAGEMENT IS BUILT ON THE BELIEF THAT SHARING AND DEEPLY LISTENING TO PERSONAL STORIES CAN CREATE LONG-LASTING CONNECTIONS AND STRONGER COMMUNITIES. PEOPLE IMPACTED: 800 APPROXIMATELY.
GENERAL PROGRAMMING EXPENSES INCLUDE CONSULTANTS, INSURANCE FEES, AND OCCUPANCY FEES THAT ARE NOT RELATED TO A SPECIFIC PROGRAMMING AREA.
PERFORMANCE PROGRAMMING: ANNUALLY, 2ND STORY WORKS WITH 100+ ARTISTS TO PRODUCE 30+ EVENTS (BOTH PUBLIC AND PRIVATE) CENTERED ON TRUE, FIRST-PERSON STORIES. PEOPLE IMPACTED: 600 APPROXIMATELY.
COMMUNITY PROGRAMMING: 2ND STORY OFFERS CLASSES AND WORKSHOPS WHERE STUDENTS OF ALL AGES AND EXPERIENCE LEVELS CAN LEARN OUR METHOD OF WRITING, CRITIQUING AND PERFORMING THEIR OWN STORIES. PEOPLE IMPACTED: 300 APPROXIMATELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Braun President | Officer | 3 | $0 |
Stacey Saunders Vice-Pesident | Officer | 2 | $0 |
Dana Britto Treasurer | Officer | 2 | $0 |
Jessica Wetmore Secretary | Officer | 1 | $0 |
Dalia Aragon Director | Trustee | 1 | $0 |
Athene Carras Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,695 |
| Related organizations | $0 |
| Government grants | $12,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $280,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,755 |
| Total Program Service Revenue | $163,315 |
| Investment income | $384 |
| 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 | $491,454 |
| 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. | $70,500 |
| Compensation of current officers, directors, key employees. | $10,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,915 |
| Pension plan accruals and contributions | $7,718 |
| Other employee benefits | $44,241 |
| Payroll taxes | $23,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,328 |
| Advertising and promotion | $5,990 |
| Office expenses | $4,894 |
| Information technology | $6,627 |
| Royalties | $0 |
| Occupancy | $23,733 |
| Travel | $6,021 |
| 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 | $8,720 |
| All other expenses | $0 |
| Total functional expenses | $585,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,679 |
| 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 | $6,416 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,751 |
| Total assets | $363,797 |
| Accounts payable and accrued expenses | $12,482 |
| 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 | $43,251 |
| Total liabilities | $55,733 |
| Net assets without donor restrictions | $208,064 |
| Net assets with donor restrictions | $100,000 |
| 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 | $363,797 |