Theatrical Outfit Inc
- Assets
- $6.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 59
- Location
- Atlanta, GA
- Founding
- 06/1977
- Data as of
- 06/2021
- EIN
- 58-1524285
Organization Overview
Theatrical Outfit Inc is located in Atlanta, GA. The organization was established in 1977. 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 06/2021, Theatrical Outfit Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatrical Outfit 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 06/2021, Theatrical Outfit Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THEATRICAL OUTFIT, ATLANTA'S DOWNTOWN THEATRE, MISSION IS TO PRODUCE WORLD-CLASS THEATRE THAT STARTS THE CONVERSATIONS THAT MATTER. OUR VISION IS A COMPASSIONATE COMMUNITY GROUNDED IN DIGNITY, JUSTICE, AND EQUITY.WE CREATE THEATRE WITH A PURPOSE; OUR WORK HAS THE POWER TO DEEPEN CONNECTIONS, PROMOTE UNDERSTANDING, AND SERVE AS A CATALYST FOR CHANGE.WE INVEST IN ATLANTA; BY CREATING A HOME FOR ARTISTS IN ATLANTA AND INVESTING IN MEANINGFUL RELATIONSHIPS WITH OUR COMMUNITY, WE HELP BUILD A BRIGHTER FUTURE FOR OUR CITY.WE LIVE OUR VALUES; INCLUSION AND A SENSE OF BELONGING ARE PART OF WHO WE ARE AND CENTRAL TO HOW WE WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATRICAL OUTFIT PRODUCES STAGE PERFORMANCES AND PROVIDES EDUCATIONAL PROGRAMS FOR ASPIRING THEATRE ARTISTS.
THE THEATRICAL OUTFIT PRODUCES STAGE PERFORMANCES AND PROVIDES EDUCATIONAL PROGRAMS FOR ASPIRING THEATRE ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Butler Managing Director | Officer | 40 | $79,230 |
Matt Torney Artistic Director | Officer | 50 | $61,500 |
Charlie Henn Board Chair | OfficerTrustee | 1 | $0 |
Scott C Bryan Treasurer | OfficerTrustee | 1 | $0 |
Ricardo I Corporan Secretary | OfficerTrustee | 1 | $0 |
Wm Edward Laity Immediate Past Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $268,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,979,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,247,488 |
| Total Program Service Revenue | $91,633 |
| Investment income | $5,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| 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 | $2,345,881 |
| 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. | $140,730 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,667 |
| Payroll taxes | $35,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4 |
| Fees for services: Accounting | $19,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,434 |
| Advertising and promotion | $33,854 |
| Office expenses | $13,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $546 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,816 |
| Insurance | $15,462 |
| All other expenses | $0 |
| Total functional expenses | $1,043,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,554,402 |
| Savings and temporary cash investments | $449,678 |
| Pledges and grants receivable | $407,719 |
| Accounts receivable, net | $44,033 |
| 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 | $43,937 |
| Net Land, buildings, and equipment | $3,369,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $545,435 |
| Total assets | $6,415,122 |
| Accounts payable and accrued expenses | $15,766 |
| Grants payable | $0 |
| Deferred revenue | $40,429 |
| 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 | $258,960 |
| Total liabilities | $315,155 |
| Net assets without donor restrictions | $3,092,158 |
| Net assets with donor restrictions | $3,007,809 |
| 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 | $6,415,122 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Theatrical Outfit Inc has recieved totaling $719,715.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ARTS/CULTURE/HUMANITIES | $594,300 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $45,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $25,000 |
Walter G Canipe Foundation Smyrna, GA PURPOSE: CAPITAL IMPROVEMENT/PRODUCTIONS | $20,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,774 |
Endowment Analysis
| Beg. Balance | $200,000 |
| Earnings | $49,975 |
| Net Contributions | $200,000 |
| Ending Balance | $449,975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asolo Theater Inc Sarasota, FL | $39,065,744 | $11,173,577 |
Riverside Theatre Inc Vero Beach, FL | $44,506,198 | $8,851,736 |
Florida Studio Theatre Inc Sarasota, FL | $37,267,894 | $9,853,127 |
Venice Theatre Inc Venice, FL | $7,118,612 | $5,710,001 |
The Naples Players Inc Naples, FL | $22,577,856 | $12,453,721 |
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
Actors Playhouse Productions Inc Coral Gables, FL | $3,896,011 | $4,416,783 |
Orlando Shakespeare Theater Inc Orlando, FL | $6,529,809 | $4,359,887 |
Tampa Theatre Inc Tampa, FL | $11,330,345 | $3,845,345 |
Alabama Shakespeare Festival Inc Montgomery, AL | $8,144,651 | $3,904,984 |
Orlando Repertory Theatre Inc Orlando, FL | $2,714,960 | $3,553,699 |
Gulfshore Playhouse Inc Naples, FL | $41,093,370 | $22,898,859 |