Matrix Theatre Company Inc
- Assets
- $152.1k
- Revenue
- $174.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Detroit, MI
- Founding
- 03/1994
- Data as of
- 09/2021
- EIN
- 38-2989747
Organization Overview
Matrix Theatre Company Inc is located in Detroit, MI. 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. As of 09/2021, Matrix Theatre Company Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matrix Theatre Company 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 09/2021, Matrix Theatre Company Inc generated $174.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $174.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 6 years. 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
TO CREATE ORIGINAL THEATRE TO CHANGE LIVES, BUILD COMMUNITY AND FOSTER SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION USES THE TRANSFORMATIVE POWER OF THEATRE TO CHANGE LIVES, BUILD COMMUNITY, AND FOSTER SOCIAL JUSTICE. IT CREATES OPPORTUNITIES FOR CHILDREN, YOUTH, ADULTS AND ELDERS, ESPECIALLY THOSE IN ISOLATED OR CHALLENGED COMMUNITIES TO BECOME CREATORS, PRODUCERS, AND AUDIENCE OF THEATRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Calhoun-Huddleston Secretary | OfficerTrustee | 1 | $0 |
Molly Mcmahon Vice Preside | OfficerTrustee | 1 | $0 |
Derek Edwards Treasurer | OfficerTrustee | 1 | $0 |
Jessica Pappas President An | OfficerTrustee | 1 | $0 |
Kathryn Brennan Executive Di | Officer | 40 | $0 |
Mary Thereza Centlivre Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,455 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,550 |
| Total Program Service Revenue | $24,660 |
| Investment income | $281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,323 |
| Net Income from Fundraising Events | -$288 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,863 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,103 |
| Payroll taxes | $4,243 |
| Fees for services: Management | $14,305 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,890 |
| Advertising and promotion | $6,588 |
| Office expenses | $2,352 |
| Information technology | $8,651 |
| Royalties | $0 |
| Occupancy | $35,055 |
| Travel | $180 |
| 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 | $490 |
| Insurance | $7,451 |
| All other expenses | $0 |
| Total functional expenses | $174,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,952 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $94,850 |
| Accounts receivable, net | $2,920 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,074 |
| Accounts payable and accrued expenses | $7,103 |
| Grants payable | $0 |
| Deferred revenue | $19,800 |
| 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 | $26,903 |
| Net assets without donor restrictions | $25,514 |
| Net assets with donor restrictions | $99,657 |
| 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 | $152,074 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Matrix Theatre Company Inc has recieved totaling $130,552.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: ORGANIZATIONAL CAPACITY, EXPANDED COMMUNITY PROGRAMMING, AND UPDATED TECHNOLOGY AND DIGITIZATION NEEDS | $85,000 |
Kresge Foundation Troy, MI PURPOSE: THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO MATRIX THEATRE COMPANY, INC. AS PART OF ROUND 6 OF THE DETROIT ARTS SUPPORT (DAS) INITIATIVE, WHICH PROVIDES UNRESTRICTED SUPPORT TO ARTS AND CULTURE ORGANIZATIONS OF ALL DISCIPLINES AND SIZES ACROSS THE METROPOLITAN DETROIT AREA. | $20,000 |
Michigan Humanities Council Okemos, MI PURPOSE: REGRANT EXPENDITURE | $15,000 |
Hudson-Webber Foundation Detroit, MI PURPOSE: DETROIT ART SUPPORT 2019-2021 | $10,000 |
Mckeen Foundation 02033090722094 Detroit, MI PURPOSE: GENERAL SUPPORT FOR DAILY | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Cincinnati Shakespeare Company Cincinnati, OH | $14,840,812 | $4,731,587 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |
Shadoart Productions Inc Columbus, OH | $8,163,963 | $3,721,440 |