Gilbert Theater
- Assets
- $70.6k
- Revenue
- $114.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Fayetteville, NC
- Founding
- 08/1997
- Data as of
- 06/2022
- EIN
- 56-1945526
Organization Overview
Gilbert Theater is located in Fayetteville, NC. The organization was established in 1997. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilbert Theater 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, Gilbert Theater generated $114.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $147.9k during the year ending 06/2022. While expenses have increased by 6.6% 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
PROVIDE COMMUNITY ARTS THEATER PRODUCTIONS IN THE GREATER FAYETTEVILLE, NC AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES COMMUNITY ARTS TO GREATER FAYETTEVILLE, N.C.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Carlisle III Artistic Director | 40 | $18,750 | |
Sara Oswald President | OfficerTrustee | 1 | $0 |
Dr Gerald Ellison Vice President | OfficerTrustee | 1 | $0 |
Brenda Alt Secretary | OfficerTrustee | 1 | $0 |
Monica Stokes Treasurer | OfficerTrustee | 1 | $0 |
Amanda Briggs Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,258 |
| Membership dues | $0 |
| Fundraising events | $54,519 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,777 |
| Total Program Service Revenue | $4,578 |
| Investment income | $0 |
| 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 | $114,355 |
| 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 | $50,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,798 |
| Office expenses | $902 |
| Information technology | $0 |
| Royalties | $17,185 |
| 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 | $619 |
| Insurance | $2,042 |
| All other expenses | $28,967 |
| Total functional expenses | $147,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,785 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,604 |
| Accounts payable and accrued expenses | $813 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $38,300 |
| Other liabilities | $0 |
| Total liabilities | $39,113 |
| Net assets without donor restrictions | $31,491 |
| 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 | $70,604 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gilbert Theater has recieved totaling $38,774.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Fayetteville Fayetteville, NC PURPOSE: SUPPORT OF THE ARTS | $30,000 |
Cumberland Community Foundation Inc Fayetteville, NC PURPOSE: CHARITABLE GIFT | $8,594 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |
Cumberland Plateau Company Inc Lebanon, VA | $9,644,678 | $675,012 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |
Atlanta Music Project Inc Atlanta, GA | $5,585,624 | $4,188,962 |
True Colors Theatre Company Atlanta, GA | $1,894,678 | $1,211,759 |