Round House Theatre Inc
- Assets
- $10.6m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 149
- Location
- Bethesda, MD
- Founding
- 05/1983
- Data as of
- 06/2022
- 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 06/2022, Round House Theatre Inc employed 149 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 06/2022, Round House Theatre Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 9.7% 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
ROUND HOUSE THEATRE 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. WITH RESTRICTIONS AGAINST LIVE PERFORMANCE IN 2020-2021, ROUND HOUSE CREATED A FULL SEASON OF VIRTUAL OFFERINGS FOR ITS PATRONS. THESE CREATIVE PRODUCTS WERE STREAMED DIRECTLY TO PATRONS EXPANDING OUR AUDIENCE BASE ACROSS THE UNITED STATES AND TO AT LEAST 26 OTHER COUNTRIES WORLDWIDE. IN 2021-2022, ROUND HOUSE RESUMED LIVE PERFORMANCES AND WELCOMED MORE THAN 17,000 PATRONS TO OUR RENOVATED THEATRE. ONE PRODUCTION WAS POSTPONED DUE TO COVID-RELATED ILLNESSES AND SUCCESSFULLY REMOUNTED IN THE FOLLOWING SEASON.
EDUCATION: IN 2021-2022, ROUND HOUSE CONTINUED TO ADAPT TO SHIFTING COVID RESTRICTIONS TO SERVE MORE THAN 4,000 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; STUDENT MATINEES AND VIRTUAL RESIDENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Rilette Artistic Director | Officer | 48 | $209,471 |
Ed Zakreski Managing Director | Officer | 48 | $208,199 |
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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charcoalblue Llc Renovation Consulting | 6/29/20 | $211,377 |
Doyle Printing & Offset Company Printing Services | 6/29/20 | $133,325 |
Forrester Construction Llc Renovation Services | 6/29/20 | $2,795,152 |
The Shakespeare Theatre Facility Rental | 6/29/20 | $125,061 |
Forrester Construction Llc Renovation Services | 6/29/20 | $2,795,152 |
Charcoalblue Llc Renovation Consulting | 6/29/20 | $211,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $198,473 |
| Related organizations | $0 |
| Government grants | $3,175,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,622,628 |
| Noncash contributions included in lines 1a–1f | $246,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,996,311 |
| Total Program Service Revenue | $803,118 |
| Investment income | $37,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,528 |
| Net Income from Fundraising Events | -$70,650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,829,495 |
| 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. | $482,730 |
| Compensation of current officers, directors, key employees. | $97,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,816,244 |
| Pension plan accruals and contributions | $84,003 |
| Other employee benefits | $266,507 |
| Payroll taxes | $235,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $108,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,290 |
| Fees for services: Other | $0 |
| Advertising and promotion | $178,773 |
| Office expenses | $385,131 |
| Information technology | $82,247 |
| Royalties | $45,003 |
| Occupancy | $322,982 |
| Travel | $229,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,856 |
| Interest | $74,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $651,599 |
| Insurance | $51,506 |
| All other expenses | $63,480 |
| Total functional expenses | $6,586,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,174 |
| Savings and temporary cash investments | $227,977 |
| Pledges and grants receivable | $1,769,030 |
| Accounts receivable, net | $36,354 |
| 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 | $224,562 |
| Net Land, buildings, and equipment | $7,164,316 |
| Investments—publicly traded securities | $951,763 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,858 |
| Total assets | $10,592,034 |
| Accounts payable and accrued expenses | $244,654 |
| Grants payable | $0 |
| Deferred revenue | $712,605 |
| 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 | $3,387,903 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,345,162 |
| Net assets without donor restrictions | $5,286,592 |
| Net assets with donor restrictions | $960,280 |
| 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 | $10,592,034 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that Round House Theatre Inc has recieved totaling $758,979.
| Awarding Organization | Amount |
|---|---|
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT | $234,620 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $85,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $80,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: ARTS & HUMANITIES | $75,000 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $50,000 |
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: GENERAL OPERATING SUPPORT OF ARTISTIC AND EDUCATIONAL PROGRAMS | $50,000 |
Endowment Analysis
| Beg. Balance | $803,435 |
| Earnings | -$19,924 |
| Other Expense | $14,499 |
| Ending Balance | $769,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shakespeare Theatre Washington, DC | $65,973,767 | $13,307,263 |
Ford S Theatre Society Washington, DC | $70,916,217 | $19,576,339 |
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
Round House Theatre Inc Bethesda, MD | $10,592,034 | $5,829,495 |
Center Stage Associates Inc Baltimore, MD | $48,178,796 | $10,294,538 |
Woolly Mammoth Theatre Co Washington, DC | $10,084,762 | $5,303,229 |
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Studio Theatre Inc Washington, DC | $29,626,352 | $6,176,456 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |