Theatre In The Park Inc
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Raleigh, NC
- Founding
- 06/1977
- Data as of
- 06/2022
- EIN
- 56-0942052
Organization Overview
Theatre In The Park Inc is located in Raleigh, NC. The organization was established in 1977. 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, Theatre In The Park Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre In The Park 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, Theatre In The Park Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 1.0% 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
THEATRE IN THE PARK, INC.'S MISSION INCLUDES INVOLVING THE COMMUNITY IN THE CREATION AND DEVELOPMENT OF LIVE THEATRE TO NURTURE A GENERAL APPRECIATION AND RESPECT FOR THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRAMA PRODUCTION - PRODUCES PLAYS INCLUDING CLASSICS, ORIGINALS, AND THREE MUSICALS, INCLUDING IRA DAVID WOOD'S ADAPTATION OF "A CHRISTMAS CAROL".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira David Wood III Executive Di | Officer | 40 | $203,778 |
Sean Allen Treasurer | OfficerTrustee | 1 | $0 |
Patty Gardenhire Vice Preside | OfficerTrustee | 1 | $0 |
Debbie Laney Secretary | OfficerTrustee | 1 | $0 |
David Sherlin President | OfficerTrustee | 1 | $0 |
Heather Shinpaugh Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $545,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,286 |
| Total Program Service Revenue | $1,204,367 |
| Investment income | $5,678 |
| 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 | $1,910,364 |
| 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. | $58,778 |
| Compensation of current officers, directors, key employees. | $5,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,551 |
| Pension plan accruals and contributions | $4,853 |
| Other employee benefits | $57,537 |
| Payroll taxes | $25,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,442 |
| Office expenses | $8,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,232 |
| Travel | $374 |
| 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 | $24,951 |
| Insurance | $12,715 |
| All other expenses | $88 |
| Total functional expenses | $1,459,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,009 |
| Savings and temporary cash investments | $1,280,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,290 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $498,824 |
| Investments—publicly traded securities | $164,723 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,559 |
| Other assets | $0 |
| Total assets | $2,002,475 |
| Accounts payable and accrued expenses | $34,966 |
| Grants payable | $0 |
| Deferred revenue | $1,015 |
| 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 | $35,981 |
| Net assets without donor restrictions | $1,966,494 |
| 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 | $2,002,475 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Theatre In The Park Inc has recieved totaling $8,954.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $8,900 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
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 |