Carolina Theatre Of Durham Inc is located in Durham, NC. The organization was established in 1996. 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, Carolina Theatre Of Durham Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Theatre Of Durham 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 06/2023, Carolina Theatre Of Durham Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CAROLINA THEATRE IS COMMITTED TO THE TELLING OF ORIGINAL, INNOVATIVE STORIES AND WORKS. WE PROVIDE A PLATFORM FOR ARTISTS TO ENTERTAIN THROUGH THE CREATION OF EMOTIONAL AND EDUCATIONAL EXPERIENCES THAT RESHAPE HEARTS AND MINDS. WE ARE DEDICATED TO THE GREATER DURHAM AND TRIANGLE AREA WHILE SERVING AS A SPACE TO BRING OUR DIVERSE COMMUNITY TOGETHER TO LEARN ABOUT, PARTICIPATE IN, AND CELEBRATE THE ARTS. OUR EDUCATION AND OUTREACH PROGRAMS ATTRACTED MORE THAN 10,000 ATTENDEES, INCLUDING 8,000 K-12 STUDENTS, WHILE FILM AND LIVE EVENTS BROUGHT NEARLY 100,000 AUDIENCE MEMBERS TO OUR HISTORIC THEATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVE PERFORMANCES: CAROLINA THEATRE OF DURHAM IS DEDICATED TO PRESENTING VIBRANT, THOUGHT-PROVOKING LIVE PERFORMANCES THAT CONTRIBUTE TO THE CULTURAL AND ECONOMIC VITALITY OF DOWNTOWN DURHAM AND THE TRIANGLE AREA. TO THIS END, CTD PRESENTS LOCAL AND NATIONAL ARTISTS WHICH IT BOOKS DIRECTLY OR IN PARTNERSHIP WITH OTHER PROMOTERS LIKE NATIONAL SHOWS 2. CTD HOSTED 64 LIVE PERFORMANCES, SELLING 49,000 TICKETS, FEATURING A DIVERSE ARRAY OF ARTISTS AND GENRES.
EDUCATION AND OUTREACH INCLUDES THE ARTS DISCOVERY EDUCATIONAL SERIES (ADES) AND THE FAMILY SATURDAY SERIES (FSS). ADES PRESENTS PERFORMING TOURING ARTISTS TO STUDENTS, PREK-12. CTD PROVIDES A LIMITED NUMBER OF FREE TICKETS TO THE DURHAM PUBLIC SCHOOL SYSTEM AND DEEPLY DISCOUNTED TICKETS FOR TITLE ONE SCHOOLS AND THE GENERAL PUBLIC. THE FSS PRESENTS LOCAL PERFORMING ARTISTS SPECIALLY SELECTED TO APPEAL TO PARENTS AND CHILDREN. IN FY 2023 ADES AND FSS PRESENTED 24 PERFORMANCES, WHICH TOGETHER WITH PROGRAMS LIKE THE DURHAM ALL COUNTY ORCHESTRA, MASTERCLASSES, AND Q&A WITH DPAC GENERATED TOTAL ATTENDANCE OF ABOUT 10,600.
FILM: CTD PRESENTS A WIDE RANGE OF ART HOUSE CURRENT RELEASE FILMS AND THE CLASSIC RETRO FILM SERIES. IN FY 2023, THE RETRO FILM SERIES ATTRACTED AUDIENCES OF ABOUT 16,000. ADDITIONALLY, THE FILM DEPARTMENT CURATES MULTIPLE FILM FESTIVALS WITH SCREENINGS SEEN BY MORE THAN 6,500 MOVIEGOERS, INCLUDING THE OUTSOUTH QUEER FILM FESTIVAL. GENERAL FILMS ATTRACTED AUDIENCES OF ABOUT 13,300.
FACILITY SHARING: CTD RENTS ITS VENUES AND PROVIDES TURNKEY TECHNICAL AND BOX OFFICE SERVICES TO LOCAL ARTS ORGANIZATIONS LIKE THE CHAMBER ORCHESTRA OF THE TRIANGLE, THE SAVOYARDS, AND THE TRIANGLE YOUTH BALLET. CTD ALSO RENTS ITS VENUES TO OTHER PROMOTERS ENRICHING AND INVOLVING OUR COMMUNITY, LIKE MURRAY & PETER PRESENT, AS WELL AS SCHOOLS LIKE DURHAM PUBLIC SCHOOLS AND DURHAM TECH COMMUNITY COLLEGE. CTD HOSTED 125 RENTAL EVENTS IN FY 2023.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Emily Hill Immediate Past Chair | Trustee | 1 | $0 |
Debbie Mcdermott Director | Trustee | 1 | $0 |
Lexie Vaughn Vice-Chair | OfficerTrustee | 1 | $0 |
Bill Brian Director | Trustee | 1 | $0 |
Ashley Pieraccini Development Committee Chair | Trustee | 1 | $0 |
Katey Rich Secretary & Chair-Elect | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $37,167 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $504,426 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $541,593 |
Total Program Service Revenue | $2,768,299 |
Investment income | $84,805 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $16,942 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $421,316 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,832,955 |
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. | $246,200 |
Compensation of current officers, directors, key employees. | $78,399 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,438,462 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $142,692 |
Payroll taxes | -$27,476 |
Fees for services: Management | $0 |
Fees for services: Legal | $165 |
Fees for services: Accounting | $38,129 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $299,986 |
Advertising and promotion | $27,976 |
Office expenses | $222,263 |
Information technology | $135,202 |
Royalties | $99,799 |
Occupancy | $227,917 |
Travel | $9,964 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $20,842 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $91,077 |
Insurance | $23,093 |
All other expenses | $0 |
Total functional expenses | $3,155,987 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,747,812 |
Savings and temporary cash investments | $3,082,418 |
Pledges and grants receivable | $0 |
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 | $18,896 |
Prepaid expenses and deferred charges | $67,345 |
Net Land, buildings, and equipment | $490,859 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $207,115 |
Total assets | $5,614,445 |
Accounts payable and accrued expenses | $446,089 |
Grants payable | $0 |
Deferred revenue | $234,077 |
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 | $1,221,528 |
Total liabilities | $1,901,694 |
Net assets without donor restrictions | $3,669,266 |
Net assets with donor restrictions | $43,485 |
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 | $5,614,445 |