Truthbase Theatricals Inc
- Assets
- $169.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 9
- Location
- Orlando, FL
- Founding
- 08/2013
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Truthbase Theatricals Inc generated $106.4k 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 (6.0%) each year. All expenses for the organization totaled $113.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED
Describe the Organization's Program Activity:
Part 3
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 |
|---|---|---|---|
Corrie Cooper President | 40 | $0 | |
William Cobb Vice President | 0 | $0 | |
Natalie Hsieh Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,020 |
| Total Program Service Revenue | $52,840 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,560 |
| Total Revenue | $106,420 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,891 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,250 |
| Printing, publications, postage, and shipping | $309 |
| Other expenses | $42,277 |
| Total expenses | $113,727 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,949 |
| Other assets | $0 |
| Total assets | $169,358 |
| Total liabilities | $18,087 |
| Net assets or fund balances | $151,271 |