Carolina Theatre Of Durham Inc
- Assets
- $4.1m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 78
- Location
- Durham, NC
- Founding
- 12/1996
- Data as of
- 06/2022
- EIN
- 56-1759337
Organization Overview
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 06/2022, Carolina Theatre Of Durham Inc employed 78 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 06/2022, Carolina Theatre Of Durham Inc generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE GREATER DURHAM AND THE TRIANGLE REGION WITH VIBRANT, THOUGHT-PROVOKING PROGRAMS OF THE PERFORMING AND CINEMATIC ARTS IN OUR HISTORIC TREASURE, THE CAROLINA THEATRE. WE STRIVE TO CONTRIBUTE TO THE CULTURAL AND ECONOMIC VITALITY OF DOWNTOWN DURHAM AND TO DELIGHT AND EDUCATE OUR CHILDREN AND FUTURE LEADERS.
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 REGION. TO THIS END, CTD PRESENTS LOCAL AND NATIONAL ARTISTS WHICH IT BOOKS DIRECTLY OR IN PARTNERSHIP WITH OTHER PROMOTERS LIKE NATIONAL SHOWS 2 AND DUKE PERFORMANCES. BEGINNING IN SEPTEMBER FY2022, FOLLOWING LIFTING OF COVID-19 RESTRICTIONS, CTD HOSTED 65 LIVE PERFORMANCES FEATURING A WIDE RANGE OF ARTISTS AND SOLD 51,804 TICKETS.
FILM: CTD PRESENTS A WIDE RANGE OF ART HOUSE CURRENT RELEASE FILMS AND THE CLASSIC RETRO FILM SERIES. ADDITIONALLY, THE FILM DEPARTMENT PRESENTS MULTIPLE FILM FESTIVALS INCLUDING NEVERMORE AND THE OUTSOUTH QUEER FILM FESTIVALS. IN FY 2022, DUE TO THE LINGERING EFFECTS OF THE COVID-19 PANDEMIC, THE FILM FESTIVALS WERE HELD WITH VIRTUAL COMPONENTS. THE RETRO FILM SERIES ATTRACTED AUDIENCES OF ABOUT 8,000, WHILE OUTSOUTH AND NEVERMORE SCREENED 84 FILMS ATTRACTING 4,000 VIEWERS. GENERAL FILMS ATTRACTED AUDIENCES OF ABOUT 7,400.
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 PRESENTERS AND PROMOTERS LIKE THE FULL FRAME FESTIVAL WHO ENRICH OUR COMMUNITY. DESPITE THE LINGERING EFFECTS OF THE COVID-19 PANDEMIC, IN FY 2022, CTD HOSTED 111 RENTAL EVENTS.
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. DUE TO THE LINGERING EFFECTS OF THE COVID-19 PANDEMIC, IN FY 2022 ADES AND FSS PRESENTED ONLY 14 PERFORMANCES WITH TOTAL ATTENDANCE OF ABOUT 2,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Mckay President & CEO | Officer | 40 | $145,784 |
Steve Lebowitz CFO | Officer | 40 | $42,128 |
Rory Gillis Vice-Chair | OfficerTrustee | 1 | $0 |
Emily Hill Chair | OfficerTrustee | 1 | $0 |
Lexie Vaughn Treasurer | OfficerTrustee | 1 | $0 |
Debbie Mcdermott Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,569 |
| Related organizations | $0 |
| Government grants | $2,191,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $401,850 |
| Noncash contributions included in lines 1a–1f | $4,339 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,665,059 |
| Total Program Service Revenue | $1,756,360 |
| Investment income | $2,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,583 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $339,671 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,794,341 |
| 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. | $255,924 |
| Compensation of current officers, directors, key employees. | $122,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,187,373 |
| Pension plan accruals and contributions | $115,003 |
| Other employee benefits | $0 |
| Payroll taxes | $113,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,430 |
| Fees for services: Accounting | $40,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,564 |
| Advertising and promotion | $4,328 |
| Office expenses | $78,094 |
| Information technology | $111,853 |
| Royalties | $67,473 |
| Occupancy | $190,506 |
| Travel | $3,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,833 |
| Interest | $2,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,657 |
| Insurance | $17,069 |
| All other expenses | $0 |
| Total functional expenses | $2,634,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,252,128 |
| Savings and temporary cash investments | $1,258,313 |
| Pledges and grants receivable | $5,500 |
| Accounts receivable, net | $134,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,579 |
| Prepaid expenses and deferred charges | $41,656 |
| Net Land, buildings, and equipment | $367,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,240 |
| Total assets | $4,096,389 |
| Accounts payable and accrued expenses | $365,023 |
| Grants payable | $0 |
| Deferred revenue | $139,698 |
| 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 | $555,885 |
| Total liabilities | $1,060,606 |
| Net assets without donor restrictions | $3,005,694 |
| Net assets with donor restrictions | $30,089 |
| 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 | $4,096,389 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Carolina Theatre Of Durham Inc has recieved totaling $95,932.
| Awarding Organization | Amount |
|---|---|
F M Kirby Foundation Inc Morristown, NJ PURPOSE: IN SUPPORT OF 501C3 PURPOSE | $30,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $20,362 |
Fox Family Foundation Inc Durham, NC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Mary Duke Biddle Foundation Durham, NC PURPOSE: 2021 ARTS OPERATING GRANT | $10,000 |
Forest At Duke Inc Durham, NC PURPOSE: OPERATING SUPPORT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,002 |
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 |