Truthbase Theatricals Inc
- Assets
- $174.0k
- Revenue
- $102.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Orlando, FL
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-4880782
Organization Overview
Truthbase Theatricals Inc is located in Orlando, FL. The organization was established in 2013. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Truthbase Theatricals Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truthbase Theatricals 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 12/2021, Truthbase Theatricals Inc generated $102.1k 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 (4.7%) each year. All expenses for the organization totaled $73.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 7 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
SEE ATTACHED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUTHBASE THEATRICALS IS FUNDED THROUGH TUITION AND TICKET SALES AND RELIES ON DONATIONS TO HELP SUPPORT SCHOLARSHIPS, DEVELOPMENT, ADMINISTRATIVE AND OVERHEAD COSTS.
EACH SESSION, WE OFFER A HANDFUL OF WORK/ STUDY BASED SCHOLARSHIPS, WHERE THE STUDENTS FAMILY PAYS 50% TUITION AND THE STUDENT ASSISTS WITH SUPPORT TASKS BEFORE AND AFTER CLASS.
TRUTHBASE THEATRICALS MAINTAINS AN AREA IN NEW YORK CITY (TBT NYC) AND HAS EXPANDED TO FLORIDA (TBT FLA). BOTH AREAS PROVIDE PROGRAMMING WHERE STUDENTS HAVE THE OPPORTUNITY TO TRAIN AND DEVELOP THEIR THEATER ARTS SKILLS AS WELL AS PERFORM FOR A LIVE AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Hsieh Treasurer | Officer | 0 | $0 |
William Cobb Vice President | Officer | 0 | $0 |
Corrie Cooper President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,277 |
| Total Program Service Revenue | $20,776 |
| Investment income | $5 |
| 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 | $102,058 |
| 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 | $34,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $900 |
| Advertising and promotion | $3,946 |
| Office expenses | $2,310 |
| Information technology | $1,373 |
| Royalties | $0 |
| Occupancy | $783 |
| Travel | $2,227 |
| 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 | $13,141 |
| All other expenses | $3,043 |
| Total functional expenses | $72,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,399 |
| Savings and temporary cash investments | $50,135 |
| 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 | $11,715 |
| Net Land, buildings, and equipment | $5,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,990 |
| Accounts payable and accrued expenses | -$568 |
| Grants payable | $0 |
| Deferred revenue | $15,981 |
| 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 | $15,413 |
| Net assets without donor restrictions | $158,577 |
| 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 | $173,990 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Truthbase Theatricals Inc has recieved totaling $6,014.
| Awarding Organization | Amount |
|---|---|
David & Eleanore Rukin Philanthropic Foundation Allendale, NJ PURPOSE: CHARITABLE | $2,000 |
David & Eleanore Rukin Philanthropic Foundation Allendale, NJ PURPOSE: CHARITABLE | $2,000 |
David & Eleanore Rukin Philanthropic Foundation Allendale, NJ PURPOSE: CHARITABLE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harid Conservatory Of Music Inc Boca Raton, FL | $34,718,794 | $2,295,901 |
Expressions Learning Arts Academy Inc Gainesville, FL | $434,895 | $835,777 |
Dearmon Creative Arts School Inc Lutz, FL | $255,501 | $775,304 |
Magic Curtain Productions Inc Orlando, FL | $258,178 | $427,681 |
Performance Project Inc Cooper City, FL | $6,153 | $189,280 |
Sounds Of Heaven Academy Orlando, FL | $7,052 | $191,967 |
Alabama Music Educators Association Cullman, AL | $159,139 | $188,857 |
Northeast Florida Conservatory Inc Jacksonville, FL | $0 | $86,033 |
Decatur High School Performing Arts Association Decatur, GA | $72,232 | $0 |
Florida Arts & Dance Company Stuart, FL | $11,524 | $150,759 |
Conservatoire Inc Atlanta, GA | $435,093 | $0 |
Thomasville Music And Drama Troupe Inc Thomasville, GA | $1,909,925 | $48,571 |