The Green Room Community Theatre Inc
- Assets
- $4.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Newton, NC
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 56-1580799
Organization Overview
The Green Room Community Theatre Inc is located in Newton, NC. The organization was established in 1988. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Green Room Community Theatre Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Room Community 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, Green Room Community Theatre Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $708.0k during the year ending 06/2022. While expenses have increased by 1.9% 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
THE GREEN ROOM COMMUNITY THEATRE IS A NON-PROFIT ORGANIZATION DEDICATED TO STRENGTHING THE QUALITY OF LIFE IN CATAWBA COUNTY AND SURROUNDING COMMUNITIES THROUGH THE PERSERVATION AND GROWTH OF THE DRAMATIC ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRODUCED VARIOUS PLAYS WITH THE HELP OF NUMEROUS VOLUNTEERS TO PROMOTE AND ENHANCE THE VALUE OF THE THEATRE ARTS IN THE CATAWBA VALLEY OF NORTH CAROLINA. THERE WERE SERVICES THAT WERE DONATED TO THE ORGANIZATION IN ADDITION TO THE ABOVE REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Bandy Director | OfficerTrustee | 2 | $0 |
Karen Mcguire Treasurer | Officer | 10 | $0 |
Kim Wallace-Repaire President | Officer | 10 | $0 |
Janet Matthews Secretary | Officer | 10 | $0 |
Bill Morgan Vice President | Officer | 10 | $0 |
Marsha Millsaps Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $23,217 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $319,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $574,023 |
| Noncash contributions included in lines 1a–1f | $10,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $916,497 |
| Total Program Service Revenue | $340,855 |
| Investment income | $6,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,369,845 |
| 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 | $274,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,181 |
| Office expenses | $9,230 |
| Information technology | $0 |
| Royalties | $34,115 |
| Occupancy | $29,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,391 |
| Interest | $5,653 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,856 |
| Insurance | $14,039 |
| All other expenses | $41,615 |
| Total functional expenses | $708,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $564,087 |
| Pledges and grants receivable | $347,555 |
| Accounts receivable, net | $2,816 |
| 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 | $2,751 |
| Net Land, buildings, and equipment | $3,114,992 |
| Investments—publicly traded securities | $371,731 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,403,932 |
| Accounts payable and accrued expenses | $11,532 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $234,653 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $246,185 |
| Net assets without donor restrictions | $3,622,622 |
| Net assets with donor restrictions | $535,125 |
| 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 | $4,403,932 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Green Room Community Theatre Inc has recieved totaling $35,877.
| Awarding Organization | Amount |
|---|---|
United Arts Council Of Catawba County Hickory, NC PURPOSE: ASSISTANCE WITH PERFORMING ARTS | $27,418 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $4,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $2,260 |
Surtman Foundation Smithfield, VA PURPOSE: COMMUNITY SERVICE | $1,000 |
Hanes Companies Foundation Winstonsalem, NC PURPOSE: GENERAL PURPOSE-501(C)(3) | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $199 |
Endowment Analysis
| Beg. Balance | $130,011 |
| Earnings | $10,500 |
| Admin Expense | $1,393 |
| Ending Balance | $139,118 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Performing Arts Center At Charlotte Foundation Charlotte, NC | $47,388,531 | $23,681,356 |
Tennessee Performing Arts Center Management Corporation Nashville, TN | $35,782,071 | $25,885,364 |
Peace Center Foundation Greenville, SC | $99,689,105 | $17,581,209 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Pack Place Performing Arts Asheville, NC | $4,993,053 | $1,808,862 |
Academy Center Of The Arts Inc Lynchburg, VA | $41,266,969 | $2,992,535 |
Richmond Performing Arts Alliance Richmond, VA | $133,538,095 | $2,679,969 |
North Carolina Soybean Producers Raleigh, NC | $5,156,831 | $2,482,483 |