American Association Of Community Theatre
- Assets
- $1.5m
- Revenue
- $613.8k
- Investments
- $631.6k
- Employees
- 5
- Location
- Fort Worth, TX
- Founding
- 05/1987
- Data as of
- 08/2021
- EIN
- 47-0692296
Organization Overview
American Association Of Community Theatre, operating under the name Aact, is located in Fort Worth, TX. The organization was established in 1987. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Aact employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aact 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 08/2021, Aact generated $613.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $629.3k during the year ending 08/2021. 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
AACT HELPS THEATRES THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE AND PUBLISH A 36-52 PAGE NEWSLETTER/MAGAZINE DISTRIBUTED TO MEMBERS SIX TIMES A YEAR, WITH ONE ISSUE DISTRIBUTED TO A LARGER LIST OF INTERESTED INDIVIDUALS AND NON-MEMBER COMMUNITY THEATRES; ORGANIZE, MAINTAIN, AND PUBLISH AN ONLINE DIRECTORY OF MEMBERS; CREATE AND PUBLISH OTHER MATERIALS SUCH AS GUIDES FOR HOSTING THEATRE FESTIVALS, A BOOK FOR TRAINING BOARD MEMBERS, AND VARIOUS PROGRAM MATERIALS; ORGANIZE, DEVELOP, AND MAINTAIN A WEBSITE TO PROVIDE RESOURCES, OPPORTUNITIES, AND DELIVERY OF SERVICES TO MEMBERS AND OTHER INTERESTED PERSONS AND GROUPS.
SERVE THE THEATRE COMMUNITY BY PLANNING AND CONDUCTING EDUCATIONAL CONFERENCES AND WORKSHOPS, CONDUCTING MEETINGS TO CREATE AND PLAN PROGRAMS AND SERVICES, AND RECOGNIZING OUTSTANDING CONTRIBUTIONS TO COMMUNITY THEATRE. ORGANIZE AND ADMINISTER THE COMMUNITY THEATRE FESTIVAL PROGRAM, INCLUDING GUIDANCE AND ASSISTANCE TO STATE AND REGIONAL FESTIVALS IN ADVANCE AND ONSITE; CONDUCT THE NATIONAL FESTIVAL OF COMMUNITY THEATRE; PROVIDE TRAVEL FUNDS TO THEATRES PARTICIPATING IN THE NATIONAL FESTIVAL. ORGANIZE AND CONDUCT A NEW PLAY CONTEST, RESULTING IN FULL PRODUCTIONS OF SIX WINNING SCRIPTS BY THEATRES ACROSS THE COUNTRY; PROVIDE FUNDS TO SUPPORT THE NEW PLAY PRODUCTIONS, INCLUDING INVOLVEMENT OF THE PLAYWRIGHTS. PROMOTE INTERNATIONAL CULTURAL EXCHANGE WITH THEATRES AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Quinn President Starting June 2022 | OfficerTrustee | 16 | $0 |
Kris Geddie Vice President Starting June 2022 | OfficerTrustee | 1 | $0 |
Tom Booth Treasurer Starting June 2022 | OfficerTrustee | 1 | $0 |
Jim Walker Vice President For Festivals | OfficerTrustee | 8 | $0 |
Frank Peot Secretary | OfficerTrustee | 5 | $0 |
Allen Ebert Member At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,027 |
| Investment income | $8,469 |
| 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 | -$243 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,809 |
| Statement of Expenses | |
|---|---|
| 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. | $67,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,812 |
| Payroll taxes | $15,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,168 |
| Fees for services: Other | $50,893 |
| Advertising and promotion | $3,256 |
| Office expenses | $5,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,121 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,290 |
| Insurance | $3,469 |
| All other expenses | $0 |
| Total functional expenses | $629,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,071 |
| Savings and temporary cash investments | $441,717 |
| Pledges and grants receivable | $9,472 |
| Accounts receivable, net | $2,881 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30 |
| Prepaid expenses and deferred charges | $1,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $631,612 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,536,333 |
| Accounts payable and accrued expenses | $66,145 |
| Grants payable | $0 |
| Deferred revenue | $249,503 |
| 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 | $47,460 |
| Other liabilities | $0 |
| Total liabilities | $363,108 |
| Net assets without donor restrictions | $520,606 |
| Net assets with donor restrictions | $652,619 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,173,225 |
Grants Awarded
Over the last fiscal year, American Association Of Community Theatre has awarded $39,818 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LYNN LUCAS MIDDLE SCHOOL PURPOSE: GRANT TO AID WITH TRAVEL COSTS TO ATTEND AND PARTICIPATE IN THE 2019 AACT YOUTH THEATRE FESTIVAL IN GETTYSBURG, PENNSYLVANIA, JUNE 18-22, 2019. | $11,848 |
DEPARTMENT OF THE ARMY - USAG ANSBACH DFMWR-ENTERTAINMENT BRANCH PURPOSE: GRANT TO AID WITH TRAVEL COSTS TO ATTEND AND PARTICIPATE IN THE 2019 AACT YOUTH THEATRE FESTIVAL IN GETTYSBURG, PENNSYLVANIA, JUNE 18-22, 2019. | $7,890 |
ACADEMY CHILDREN'S THEATRE PURPOSE: GRANT TO AID WITH TRAVEL COSTS TO ATTEND AND PARTICIPATE IN THE 2019 AACT YOUTH THEATRE FESTIVAL IN GETTYSBURG, PENNSYLVANIA, JUNE 18-22, 2019. | $14,937 |
PREMIER ARTS PURPOSE: GRANT TO AID WITH TRAVEL COSTS TO ATTEND AND PARTICIPATE IN THE 2019 AACT YOUTH THEATRE FESTIVAL IN GETTYSBURG, PENNSYLVANIA, JUNE 18-22, 2019. | $5,143 |