Childrens Theatre Of Charlotte Inc
- Assets
- $23.0m
- Revenue
- $4.1m
- Investments
- $14.1m
- Employees
- 187
- Location
- Charlotte, NC
- Founding
- 08/1973
- Data as of
- 06/2022
- EIN
- 56-1028031
Organization Overview
Childrens Theatre Of Charlotte Inc is located in Charlotte, NC. The organization was established in 1973. 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, Childrens Theatre Of Charlotte Inc employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Theatre Of Charlotte 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, Childrens Theatre Of Charlotte Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. 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
THE MISSION OF CHILDREN'S THEATRE OF CHARLOTTE (CTC) IS TO CREATE EXCEPTIONAL THEATRE EXPERIENCES, INSPIRING GENERATIONS TO EXPLORE THE WONDER OF THEIR WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL THEATRE FOR YOUTH: CTC PRODUCES AND PRESENTS PROFESSIONAL THEATRICAL PRODUCTIONS FROM SCRIPTS EITHER SELECTED OR COMMISSIONED BY CTC ARTISTIC STAFF. EACH PRODUCTION IS CREATED BY PROFESSIONAL DIRECTORS, DESIGNERS, ACTORS AND MUSICIANS AND PERFORMED ON CTC'S TWO STAGES. EACH SEASON, CTC PRODUCES AND PRESENTS 8-12 MAINSTAGE PRODUCTIONS AT IMAGINON AND AT LEAST 3 TOURING PRODUCTIONS THAT ARE PERFORMED ALL ACROSS NORTH AND SOUTH CAROLINA. ALL PRODUCTIONS ARE PERFORMED FOR BOTH PUBLIC AND SCHOOL AUDIENCES. TO ENSURE THEATRE IS A VIABLE OPTION FOR ALL YOUNG PEOPLE IN THE REGION, CTC OFFERS SCHOOL SHOW TICKETS AT A SIGNIFICANT DISCOUNT AND PROVIDES REDUCED-COST TICKETS FOR ALL PUBLIC PERFORMANCES TO FAMILIES WHO RECEIVE PUBLIC ASSISTANCE AND SERVICE ORGANIZATIONS.
THEATRE EDUCATION PROGRAMS: CTC THEATRE CLASSES ARE SEPARATED INTO TWO CATEGORIES: CREATIVE DRAMA FOR CHILDREN AGE 2 TO GRADE 5 AND THE SCHOOL OF THEATRE TRAINING (SOTT) FOR CHILDREN IN GRADES 3 TO 12. EACH MAY, SOTT CULMINATES WITH ONSTAGE, A 5-WEEK PERFORMANCE OPPORTUNITY IN PARTNERSHIP WITH OUR PRODUCTION DEPARTMENT. SUMMER CAMPS ARE AVAILABLE TO CHILDREN AGES 2 TO 18 IN A WIDE VARIETY OF TOPICS, THEMES AND DISCIPLINES. COMMUNITY INVOLVEMENT PROGRAM (CIP) CLASSES AND WORKSHOPS ARE OFFERED TO SERVICE ORGANIZATIONS WORKING WITH CHILDREN IN CRISIS OR WHO RECEIVED PUBLIC ASSISTANCE. FULL AND PARTIAL-TUITION SCHOLARSHIPS FOR ALL CLASSES AND CAMPS ARE OFFERED TO STUDENTS OF FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Joseph Past Chair | OfficerTrustee | 1.2 | $0 |
Stacia Neugent Board Member | Trustee | 0.6 | $0 |
Maddie Myers Secretary | OfficerTrustee | 1.2 | $0 |
Sallie Beason Board Member | Trustee | 0.6 | $0 |
Kristin Black Board Member | Trustee | 0.6 | $0 |
Mary Alice Boyd Board Member | Trustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $521,420 |
| Membership dues | $0 |
| Fundraising events | $63,129 |
| Related organizations | $0 |
| Government grants | $1,434,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $561,066 |
| Noncash contributions included in lines 1a–1f | $51,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,580,337 |
| Total Program Service Revenue | $1,492,254 |
| Investment income | $298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,093,618 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,454,622 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $214,595 |
| Payroll taxes | $150,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $294,495 |
| Advertising and promotion | $105,050 |
| Office expenses | $27,896 |
| Information technology | $0 |
| Royalties | $59,287 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $65,307 |
| Insurance | $30,501 |
| All other expenses | $231,812 |
| Total functional expenses | $4,200,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,911,215 |
| Pledges and grants receivable | $13,000 |
| Accounts receivable, net | $0 |
| 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 | $97,279 |
| Net Land, buildings, and equipment | $102,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,111,595 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,775,369 |
| Total assets | $23,010,737 |
| Accounts payable and accrued expenses | $169,961 |
| Grants payable | $0 |
| Deferred revenue | $528,997 |
| 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 | $554,525 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,253,483 |
| Net assets without donor restrictions | $1,937,748 |
| Net assets with donor restrictions | $19,819,506 |
| 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 | $23,010,737 |