Urbanite Theatre Inc
- Assets
- $616.0k
- Revenue
- $808.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Sarasota, FL
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-5554467
Organization Overview
Urbanite Theatre Inc is located in Sarasota, FL. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Urbanite Theatre Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urbanite 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 06/2023, Urbanite Theatre Inc generated $808.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $864.0k during the year ending 06/2023. While expenses have increased by 16.0% per year over the past 8 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
URBANITE THEATRE IS DEDICATED TO BRINGING COMPELLING INTIMATE LIVE THEATRE TO DOWNTOWN SARASOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF LIVE PERFORMANCES TO EDUCATE, STIMULATE & CHALLENGE THE LOCAL THEATRE GOING AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgia Higgins Director | Trustee | 1 | $0 |
Jamie Still Secretary | OfficerTrustee | 5 | $0 |
Jeffery R Stevens Treasurer | OfficerTrustee | 5 | $0 |
Len Goldberg President | OfficerTrustee | 5 | $0 |
Brenden Ragan Fmr Art Dir | Trustee | 40 | $48,477 |
Summer D Wallace Artistic Director | Trustee | 40 | $65,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $513,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,128 |
| Total Program Service Revenue | $287,854 |
| Investment income | $5,863 |
| 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 | $808,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,477 |
| Compensation of current officers, directors, key employees. | $7,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35 |
| Payroll taxes | $21,936 |
| Fees for services: Management | $6,421 |
| Fees for services: Legal | $7,184 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $172 |
| Fees for services: Other | $180,461 |
| Advertising and promotion | $31,458 |
| Office expenses | $17,874 |
| Information technology | $17,736 |
| Royalties | $0 |
| Occupancy | $148,945 |
| Travel | $6,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,314 |
| Insurance | $2,615 |
| All other expenses | $0 |
| Total functional expenses | $863,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,930 |
| Savings and temporary cash investments | $342,947 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| 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 | $1,221 |
| Net Land, buildings, and equipment | $50,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $56,414 |
| Intangible assets | $0 |
| Other assets | $85,618 |
| Total assets | $615,956 |
| Accounts payable and accrued expenses | $13,511 |
| Grants payable | $0 |
| Deferred revenue | $6,099 |
| 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 | $84,323 |
| Total liabilities | $103,933 |
| Net assets without donor restrictions | $512,023 |
| 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 | $615,956 |