Childrens Theater Of Madison Inc
- Assets
- $744.5k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 94
- Location
- Madison, WI
- Founding
- 03/1989
- Data as of
- 08/2022
- EIN
- 39-1579813
Organization Overview
Childrens Theater Of Madison Inc is located in Madison, WI. The organization was established in 1989. 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 08/2022, Childrens Theater Of Madison Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Theater Of Madison 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 08/2022, Childrens Theater Of Madison Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.8m during the year ending 08/2022. While expenses have increased by 0.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE VIBRANT THEATER EXPERIENCES THAT ENGAGE, EDUCATE, AND INSPIRE YOUNG PEOPLE AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WERE ABLE TO RETURN TO A LIMITED IN PERSON SEASON. WE TYPICALLY HAVE 5 SHOWS IN A SEASON AND THIS YEAR WE DID 3. HOWEVER, WE ARE STILL RECOVERING FROM THE PANDEMIC. WE HAD TO CANCEL ONE OF OUR PRODUCTIONS DUE TO AN OUTBREAK. WE LOST SIGNIFICANT REVENUE DUE TO SCHOOL SHOWS NOT YET BEING ABLE TO RETURN TO THE THEATER AND REFUNDING OF THE CANCELLED SHOW. OUR CLASSES WERE ABLE TO RETURN TO 80% CAPACITY DURING THIS TIME. WE ARE USING THE LAST OF OUR COVID FUNDING IN FISCAL YEAR 2023.
IN RESPONSE TO THE PANDEMIC, WE HAVE INCREASED INFLATED COST OF MATERIALS AND SAFTEY COSTS. WE ALSO HAVE TO ADD MORE RESOURCES TO ENSURE WE DON'T HAVE TO CANCEL ANYMORE PROGRAMMING. IN ORDER FOR THIS TO HAPPEN WE HAVE TO CAST AND HIRE MORE STAFF TO BE IN PLACE TO COVER IN CASE KEY STAFF GET SICK. WE TRANSITIONED OUR PROGRAMS TO IN PERSON. WE WERE ABLE TO OFFER DRAMA CLASSES WHICH PROVIDED YOUTH WITH THEATRICAL EDUCATION, CONFIDENCE BUILDING, & OPPORTUNITIES FOR CONNECTION. APPROXIMATELY 700 CHILDREN PARTICIPATED WITH 13 OF THOSE ENROLLED RECEIVING TUITION SUBSIDIZING. OUR GRANT-SUBSIDIZED "YOUNG PLAYWRIGHTS" RESIDENCY PROGRAM FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS ENGAGED 110 STUDENTS ACROSS 10 SCHOOLS. THIS PROGRAM IS LED BY A TEACHING ARTIST IN PARTNERSHIP WITH THE IN-SCHOOL TEACHER. IN ADDITION, WE CREATED A TOURING SHOW WHICH TRAVELED TO LOCAL COMMUNITY CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roseann Sheridan Artisitic Director | Officer | 40 | $75,858 |
Allen Ebert Executive Director | Officer | 40 | $75,253 |
Sam Lemense Treasurer | OfficerTrustee | 1 | $0 |
Brandi Funk President | OfficerTrustee | 1 | $0 |
Patricia Finn Secretary | OfficerTrustee | 1 | $0 |
Arlen Moss Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,962 |
| Related organizations | $0 |
| Government grants | $551,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $624,584 |
| Noncash contributions included in lines 1a–1f | $8,168 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,212,433 |
| Total Program Service Revenue | $708,294 |
| Investment income | $301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,995 |
| Net Income from Fundraising Events | -$26,219 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,901,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,759 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,730 |
| Compensation of current officers, directors, key employees. | $19,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $974,964 |
| 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 | $11,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,822 |
| Advertising and promotion | $124,352 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,811 |
| Travel | $55,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,859 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,791 |
| Insurance | $24,754 |
| All other expenses | $0 |
| Total functional expenses | $1,779,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,373 |
| Savings and temporary cash investments | $126,280 |
| Pledges and grants receivable | $10,170 |
| Accounts receivable, net | $9,053 |
| 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 | $30,167 |
| Net Land, buildings, and equipment | $18,817 |
| Investments—publicly traded securities | $495,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,452 |
| Total assets | $744,521 |
| Accounts payable and accrued expenses | $71,405 |
| Grants payable | $0 |
| Deferred revenue | $52,431 |
| 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 | $149,030 |
| Other liabilities | $0 |
| Total liabilities | $272,866 |
| Net assets without donor restrictions | $443,985 |
| Net assets with donor restrictions | $27,670 |
| 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 | $744,521 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Childrens Theater Of Madison Inc has recieved totaling $361,114.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $81,236 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $73,242 |
Madison Community Foundation Madison, WI PURPOSE: CTM 2021-22 SEASON SUPPORT | $50,000 |
Ron Krantz Family Foundation Brookfield, WI PURPOSE: YOUTH ARTS SUPPORT | $50,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $35,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $30,461 |
Endowment Analysis
| Beg. Balance | $30,401 |
| Earnings | -$1,586 |
| Other Expense | $1,363 |
| Ending Balance | $27,452 |
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 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Hennepin Theatre Tr Minneapolis, MN | $22,588,604 | $4,825,873 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |
Lookingglass Theatre Company Chicago, IL | $2,356,485 | $3,866,114 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
Writers Theatre Inc Glencoe, IL | $34,601,018 | $3,459,112 |