Theatre Charlotte Inc
- Assets
- $872.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Charlotte, NC
- Founding
- 03/1936
- Data as of
- 06/2021
- EIN
- 56-0591306
Organization Overview
Theatre Charlotte Inc, operating under the name Theatre Charlotte, is located in Charlotte, NC. The organization was established in 1936. 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 06/2021, Theatre Charlotte employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Charlotte 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 06/2021, Theatre Charlotte generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $575.9k during the year ending 06/2021. 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
TO PRODUCE VOLUNTEER-BASED THEATRICAL EVENTS IN THE CHARLOTTE, NC REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRE CHARLOTTE'S MISSION IS "TO CREATE OUTSTANDING THEATRE OPPORTUNITIES ACCESSIBLE AND RELEVANT TO THE PEOPLE OF THE CHARLOTTE REGION."AFTER CANCELLING THE LAST TWO SHOWS OF THE 2020 SEASON BECAUSE OF THE COVID-19 PANDEMIC, WE CONTINUED TO PROVIDE PROGRAMMING FOR OUR AUDIENCES THROUGH VIRTUAL, STREAMING, AND OUTDOOR PRODUCTIONS. WE HELD A SERIES OF OUTDOOR CONCERTS IN JULY, AUGUST AND SEPTEMBER OF 2020 IN OUR PARKING LOT. WE STAGED WHAT I DID LAST SUMMER IN OCTOBER OF 2020 ALSO IN THE PARKING LOT. OUR ANNUAL PRODUCTION OF A CHRISTMAS CAROL WAS PERFORMED OUTDOORS IN SOUTH CHARLOTTE AND STREAMED ON DEMAND IN DECEMBER. AT THE END OF THE 2020 AN ELECTRICAL FIRE SEVERELY DAMAGED THE BUILDING, BUT WE CONTINUED TO CREATE PROGRAMMING OUTDOORS AND IN OTHER LOCATIONS. IN MARCH 2021, WE STREAMED A READING OF A NEW PLAY, ARMED AND DANGEROUS, AS PART OF OUR THIS IS CHARLOTTE SERIES. IN APRIL WE PRODUCED A MURDER MYSTERY, COVERED TRACKS, AT CAMP NORTH END, THE DUKE MANSION AND THE VAN LANDINGHAM ESTATE, AND IN MAY WE PRODUCED A MIDSUMMER NIGHT'S DREAM OUTDOORS AT THE MINT MUSEUM. WE HELD OUTDOOR, SOCIALLY DISTANCED ACTING CLASSES FOR TEENS AND YOUTH THROUGHOUT THE SUMMER OF 2020, AND WE RENTED THE PARKING LOT TO A DANCE STUDIO FOR THEIR CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Law Outgoing Executive Director | Officer | 40 | $3,700 |
Diana Wakefield Outgoing President | OfficerTrustee | 2 | $0 |
Steven Martin President | OfficerTrustee | 3 | $0 |
Denise Olexa Treasurer | OfficerTrustee | 2 | $0 |
Iris Dewitt Secretary | OfficerTrustee | 2 | $0 |
Jenny Mitchell Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $59,806 |
| Membership dues | $0 |
| Fundraising events | $27,384 |
| Related organizations | $0 |
| Government grants | $59,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,673 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,063 |
| Total Program Service Revenue | $63,543 |
| Investment income | $387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$283 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,020,863 |
| 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. | $25,900 |
| Compensation of current officers, directors, key employees. | $7,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,422 |
| Pension plan accruals and contributions | $4,724 |
| Other employee benefits | $21,012 |
| Payroll taxes | $12,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,700 |
| Advertising and promotion | $7,327 |
| Office expenses | $14,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,598 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,283 |
| Insurance | $16,027 |
| All other expenses | $1,658 |
| Total functional expenses | $575,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,389 |
| 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 | $17,414 |
| Net Land, buildings, and equipment | $178,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,308 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $872,073 |
| Accounts payable and accrued expenses | $23,337 |
| Grants payable | $0 |
| Deferred revenue | $7,216 |
| 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 | $358,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $389,507 |
| Net assets without donor restrictions | $459,409 |
| Net assets with donor restrictions | $23,157 |
| 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 | $872,073 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Theatre Charlotte Inc has recieved totaling $99,814.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $92,083 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,050 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,199 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $703 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $500 |
Endowment Analysis
| Beg. Balance | $23,286 |
| Earnings | $1,668 |
| Admin Expense | $18 |
| Net Contributions | $2,409 |
| Ending Balance | $27,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
Barter Foundation Incorporated State Theatre Of Virginia Abingdon, VA | $10,953,876 | $6,208,012 |
American Shakespeare Center Staunton, VA | $2,626,073 | $2,087,317 |
Childrens Theatre Of Charlotte Inc Charlotte, NC | $26,819,373 | $2,866,228 |
North Carolina Theatre Raleigh, NC | $3,174,252 | $3,580,122 |
Roanoke Island Historical Association Inc Manteo, NC | $10,126,995 | $2,839,927 |
Carolina Theatre Of Durham Inc Durham, NC | $4,096,389 | $4,794,341 |
Nashville Repertory Theatre Inc Nashville, TN | $1,810,998 | $3,171,319 |
Triad Stage Inc Greensboro, NC | $3,172,585 | $1,782,621 |
Circuit Playhouse Inc Memphis, TN | $16,830,150 | $2,686,872 |
Cumberland County Playhouse Inc Crossville, TN | $3,086,163 | $3,321,582 |