Red Mountain Theatre Company Inc
- Assets
- $36.0m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 56
- Location
- Birmingham, AL
- Founding
- 06/1992
- Data as of
- 08/2022
- EIN
- 58-1994417
Organization Overview
Red Mountain Theatre Company Inc is located in Birmingham, AL. The organization was established in 1992. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Red Mountain Theatre Company Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Mountain Theatre Company 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 08/2022, Red Mountain Theatre Company Inc generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $6.1m during the year ending 08/2022. While expenses have increased by 8.3% 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
TO CREATE POWERFUL THEATRE EXPERIENCES THAT ENRICH, EDUCATE AND ENGAGE AUDIENCES - NOURISHING THE HUMAN SPIRIT, FOSTERING VALUABLE LIFE SKILLS, AND CULTIVATING A DEEPER SENSE OF COMMUNITY. WE SERVE BY: A) FOSTERING ARTISTS THROUGH EXCEPTIONAL EDUCATION, TRAINING AND PERFORMANCE OPPORTUNITIES; B) INSPIRING LIFE SKILLS IN YOUTH DEVELOPMENT SO THAT OUR STUDENTS MAY BE WELL-ROUNDED, WELL-SPOKEN, AND WELL-EDUCATED; AND C)ENRICHING, EDUCATING AND ENGAGING A DIVERSE AUDIENCE THROUGH PROFESSIONAL THEATRICAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES UNIQUE, EDUCATIONAL TRAINING AND PERFORMING OPPORTUNITIES FOR ASPIRING AND CULTURALLY DIVERSE ARTISTS, WHILE GROWING NEW AND EXISTING AUDIENCES THROUGH QUALITY THEATRICAL EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lajuana Bradford President | OfficerTrustee | 1 | $0 |
Janet Kavinoky President - Elect | OfficerTrustee | 1 | $0 |
William Dow VP Of Finance | OfficerTrustee | 1 | $0 |
Susan Stabler Secretary | OfficerTrustee | 1 | $0 |
Alan Register Past President | OfficerTrustee | 1 | $0 |
Anne Marie Seibel VP Of Legal | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brasfield And Gorrie Construction Expenses | 8/30/21 | $7,669,958 |
Mayer Electric Construction Expenses | 8/30/21 | $494,962 |
Mainstage Theatrical Supply Construction Expenses | 8/30/21 | $654,805 |
Mullins Building Products Construction Expenses | 8/30/21 | $368,682 |
Live Design Architect Fee | 8/30/21 | $236,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,650,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,650,235 |
| Total Program Service Revenue | $1,982,310 |
| Investment income | $700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $181,796 |
| 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 | $9,815,041 |
| 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. | $456,003 |
| Compensation of current officers, directors, key employees. | $41,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,434,171 |
| Pension plan accruals and contributions | $21,144 |
| Other employee benefits | $152,548 |
| Payroll taxes | $156,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,003 |
| Advertising and promotion | $106,677 |
| Office expenses | $40,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,518 |
| Travel | $16,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,510 |
| Interest | $130,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $701,073 |
| Insurance | $212,573 |
| All other expenses | $327,943 |
| Total functional expenses | $6,067,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,345,540 |
| Savings and temporary cash investments | $833,851 |
| Pledges and grants receivable | $4,201,852 |
| Accounts receivable, net | $50,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,805 |
| Prepaid expenses and deferred charges | $148,366 |
| Net Land, buildings, and equipment | $28,467,044 |
| Investments—publicly traded securities | $587,643 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,403 |
| Total assets | $35,964,987 |
| Accounts payable and accrued expenses | $210,070 |
| Grants payable | $0 |
| Deferred revenue | $828,642 |
| 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 | $4,529,699 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $299,311 |
| Total liabilities | $5,867,722 |
| Net assets without donor restrictions | $24,691,622 |
| Net assets with donor restrictions | $5,405,643 |
| 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 | $35,964,987 |