Ocean Community United Theatre Inc
- Assets
- $17.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 34
- Location
- Westerly, RI
- Founding
- 01/2015
- Data as of
- 12/2023
- EIN
- 46-3579526
Organization Overview
Ocean Community United Theatre Inc is located in Westerly, RI. The organization was established in 2015. 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 12/2023, Ocean Community United Theatre Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Community United Theatre 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 12/2023, Ocean Community United Theatre Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.2% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 36.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNITED IS A REGIONAL CENTER FOR THE ARTS AND ARTS EDUCATION SHOWCASING WORLD-CLASS PERFORMING, VISUAL AND CREATIVE ARTS. OUR VISION IS TO UNITE THE COMMUNITY AS A HUB FOR ARTS IN THE REGION AND A HOME FOR LOCAL, NATIONAL AND INTERNATIONAL ARTISTS TO SHOWCASE THEIR WORK. WE BELIEVE IN BLURRING THE LINES BETWEEN ARTIST AND AUDIENCE BY IMMERSING THE COMMUNITY IN THE APPRECIATION AND CONTEXTUALIZATION OF ART IN ITS MANY FORMS, INCLUDING FILM, MUSIC, THEATRE, OPERA, DANCE, VISUAL ARTS, LECTURES AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATRE PRESENTS AND/OR PRODUCES CULTURALLY SIGNIFICANT WORKS OF LIVE THEATRE, DANCE, MUSIC AND FILM AS A REGIONAL CENTER FOR THE ARTS AND ARTS EDUCATION. THE THEATRE ALSO PROVIDES EDUCATIONAL PROGRAMS, WORKSHOPS, SYMPOSIA AND LECTURE SERIES IN FOSTERING AN APPRECIATION FOR THEATER AND CINEMA AS ART FORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmela Luzzi Director | Trustee | 1 | $0 |
Carolyn Greenspan Director | Trustee | 1 | $0 |
Chuck Royce Co-Chair | OfficerTrustee | 4 | $0 |
Cole Wilson Director | Trustee | 1 | $0 |
Colleen Ferguson Clark Vice Co-Chair | OfficerTrustee | 1 | $0 |
Dan King Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R Keough Construction Construction | 12/30/20 | $5,933,707 |
Tecton Architecture/design | 12/30/20 | $253,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,200 |
| Fundraising events | $67,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,158,322 |
| Noncash contributions included in lines 1a–1f | $54,312 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,319,772 |
| Total Program Service Revenue | $681,884 |
| Investment income | $129,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,548 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$46,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $182,566 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,308,743 |
| 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. | $126,502 |
| Compensation of current officers, directors, key employees. | $96,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $644,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,933 |
| Payroll taxes | $64,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56 |
| Advertising and promotion | $68,593 |
| Office expenses | $103,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $187,602 |
| Travel | $4,508 |
| 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 | $71,627 |
| Insurance | $73,977 |
| All other expenses | $18,051 |
| Total functional expenses | $2,195,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,104,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $437,499 |
| Accounts receivable, net | $900,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,187,135 |
| Inventories for sale or use | $11,228 |
| Prepaid expenses and deferred charges | $8,726 |
| Net Land, buildings, and equipment | $435,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,235,214 |
| Intangible assets | $0 |
| Other assets | $4,685 |
| Total assets | $17,324,400 |
| Accounts payable and accrued expenses | $112,175 |
| Grants payable | $0 |
| Deferred revenue | $60,275 |
| 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 | $1,241,670 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $179,563 |
| Total liabilities | $1,593,683 |
| Net assets without donor restrictions | $15,455,670 |
| Net assets with donor restrictions | $275,047 |
| 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 | $17,324,400 |