Round House Theatre Inc
- Assets
- $9.4m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 226
- Location
- Bethesda, MD
- Founding
- 05/1983
- Data as of
- 06/2023
- EIN
- 52-1289737
Organization Overview
Round House Theatre Inc is located in Bethesda, MD. The organization was established in 1983. 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 06/2023, Round House Theatre Inc employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Round House 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, Round House Theatre Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $8.1m during the year ending 06/2023. While expenses have increased by 11.2% 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
ROUND HOUSE IS A THEATRE FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCE: ROUND HOUSE IS ONE OF THE LEADING PROFESSIONAL THEATRES IN THE WASHINGTON, DC METROPOLITAN AREA. WE REGULARLY PRODUCE A SEASON OF NEW PLAYS, MODERN CLASSICS AND MUSICALS AT OUR THEATRE IN BETHESDA. IN THE 2022-2023 SEASON, ROUND HOUSE WELCOMED MORE THAN 65,000 PATRONS AND STUDENTS TO OUR PRODUCTIONS VIA LIVE PERFORMANCE AND STREAMING SERVICES. ROUND HOUSE PRODUCED TWO WORLD PREMIERE PLAYS AS PART OF OUR MAINSTAGE SEASON AND PRESENTED FIVE WORKSHOP READINGS OF NEW WORKS. ADDITIONALLY, ROUND HOUSE COMMISSIONED NEW PLAYS FROM THREE ARTISTS AS PART OF OUR EQUAL PLAY INITIATIVE.
EDUCATION: IN 2022-2023 ROUND SERVED MORE THAN 7,000 STUDENTS OF ALL AGES THROUGH VIRTUAL AND LIVE PROGRAMS IN OUR EDUCATION CENTER, OUR BETHESDA THEATRE, AND SCHOOLS THROUGH MONTGOMERY COUNTY. OUR PLAY IT FORWARD INITIATIVE INCLUDES: THE TEEN PERFORMANCE COMPANY - A PROGRAM THAT PROVIDES HIGH SCHOOL STUDENTS WITH TRAINING AND MENTORSHIP BY RHT ARTISTS AND CULMINATES IN THE SARAH METZGER MEMORIAL PLAY, WHICH IS DIRECTED, DESIGNED, AND PERFORMED BY TPC MEMBERS; APPRENTICESHIPS AND INTERNSHIPS; AND FREE PLAY -FREE TICKETS TO ANY STUDENT AGE 13 THROUGH COLLEGE FOR ANY SHOW. ADDITIONAL PROGRAMS INCLUDE: SUMMER CAMP FOR STUDENTS IN GRADES K-12; DAYS OFF! PLAY IN A DAY; CLASSES FOR YOUTH, TEENS, ADULTS, AND SENIORS; AND STUDENT MATINEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Bibby President | OfficerTrustee | 10 | $0 |
Linda Ravdin Vice President | OfficerTrustee | 5 | $0 |
Leslie Grizzard Treasurer | OfficerTrustee | 5 | $0 |
Amy Selco Secretary | OfficerTrustee | 5 | $0 |
Eric Colchamiro Trustee | Trustee | 2 | $0 |
Stephanie Desibour Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forrester Construction Llc Renovation Services | 6/29/20 | $2,795,152 |
Charcoalblue Llc Renovation Consulting | 6/29/20 | $211,377 |
Doyle Printing & Offset Company Printing Services | 6/29/20 | $133,325 |
The Shakespeare Theatre Facility Rental | 6/29/20 | $125,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,400 |
| Related organizations | $0 |
| Government grants | $1,495,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,984,905 |
| Noncash contributions included in lines 1a–1f | $295,710 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,622,047 |
| Total Program Service Revenue | $2,910,138 |
| Investment income | $25,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $216,595 |
| Net Income from Fundraising Events | -$16,710 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,762,870 |
| 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. | $513,355 |
| Compensation of current officers, directors, key employees. | $103,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,545,842 |
| Pension plan accruals and contributions | $94,031 |
| Other employee benefits | $327,651 |
| Payroll taxes | $293,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $136,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,401 |
| Fees for services: Other | $0 |
| Advertising and promotion | $279,561 |
| Office expenses | $242,943 |
| Information technology | $101,983 |
| Royalties | $185,156 |
| Occupancy | $296,072 |
| Travel | $244,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,340 |
| Interest | $193,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $650,290 |
| Insurance | $47,336 |
| All other expenses | $29,714 |
| Total functional expenses | $8,057,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,824 |
| Savings and temporary cash investments | $118,043 |
| Pledges and grants receivable | $904,820 |
| Accounts receivable, net | $67,634 |
| 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 | $172,870 |
| Net Land, buildings, and equipment | $6,724,949 |
| Investments—publicly traded securities | $1,001,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,628 |
| Total assets | $9,383,755 |
| Accounts payable and accrued expenses | $394,049 |
| Grants payable | $0 |
| Deferred revenue | $940,139 |
| 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 | $3,478,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,812,361 |
| Net assets without donor restrictions | $3,843,187 |
| Net assets with donor restrictions | $728,207 |
| 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 | $9,383,755 |