Urbanite Theatre Inc
- Assets
- $583.1k
- Revenue
- $934.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Sarasota, FL
- Founding
- 07/2014
- Data as of
- 06/2022
- 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 06/2022, Urbanite Theatre Inc employed 5 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 06/2022, Urbanite Theatre Inc generated $934.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $729.7k during the year ending 06/2022. While expenses have increased by 15.7% 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
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 |
|---|---|---|---|
Brenden Ragan Director | Trustee | 40 | $54,947 |
Summer D Wallace Director | Trustee | 40 | $51,892 |
Jeffery R Stevens Treasurer | OfficerTrustee | 5 | $0 |
Len Goldberg President | OfficerTrustee | 5 | $0 |
Jamie Still Secretary | OfficerTrustee | 5 | $0 |
Diego Villada Director | Trustee | 1 | $0 |
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 | $713,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,642 |
| Total Program Service Revenue | $226,664 |
| Investment income | -$5,470 |
| 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 | $934,836 |
| 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. | $106,840 |
| Compensation of current officers, directors, key employees. | $7,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90 |
| Payroll taxes | $15,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184 |
| Fees for services: Other | $170,490 |
| Advertising and promotion | $24,171 |
| Office expenses | $21,627 |
| Information technology | $4,490 |
| Royalties | $0 |
| Occupancy | $142,220 |
| Travel | $12,842 |
| 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 | $7,384 |
| Insurance | $1,737 |
| All other expenses | $0 |
| Total functional expenses | $729,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,668 |
| Savings and temporary cash investments | $417,098 |
| 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 | $1,306 |
| Net Land, buildings, and equipment | $10,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $51,571 |
| Intangible assets | $0 |
| Other assets | $2,465 |
| Total assets | $583,106 |
| Accounts payable and accrued expenses | $8,302 |
| Grants payable | $0 |
| Deferred revenue | $7,750 |
| 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 | $16,052 |
| Net assets without donor restrictions | $567,054 |
| 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 | $583,106 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Urbanite Theatre Inc has recieved totaling $229,185.
| Awarding Organization | Amount |
|---|---|
Charles And Margery Barancik Foundation Sarasota, FL PURPOSE: ARTS & CULTURE | $75,000 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $74,387 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: ARTS & CULTURE | $68,250 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $10,000 |
Delmar And Audria M Olson Family Foundation Chicago, IL PURPOSE: GENERAL | $1,000 |
Caplin Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $300 |
Endowment Analysis
| Beg. Balance | $47,581 |
| Earnings | -$5,826 |
| Admin Expense | $184 |
| Net Contributions | $10,000 |
| Ending Balance | $51,571 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |
Reading Edge Academy Inc Debary, FL | $6,200,470 | $4,846,330 |
Deus Spes Mea Foundation Inc Miami, FL | $23,770,835 | $1,843,877 |