Commonwealth Theatre Center Inc
- Assets
- $772.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Louisville, KY
- Founding
- 07/1977
- Data as of
- 07/2021
- EIN
- 61-0902722
Organization Overview
Commonwealth Theatre Center Inc is located in Louisville, KY. 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 07/2021, Commonwealth Theatre Center Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Theatre Center 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 07/2021, Commonwealth Theatre Center Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $983.0k during the year ending 07/2021. While expenses have increased by 1.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING YOUTH AND OUR COMMUNITY THROUGH EXCELLENCE IN THEATRE EDUCATION AND PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMONWEALTH THEATRE CENTER (CTC), FORMERLY WALDEN THEATRE/BLUE APPLE PLAYERS (MERGED JANUARY 2015), PROVIDES A CONTINUUM OF THEATRE EDUCATION WITH A DEEP HERITAGE OF EXCELLENCE, INNOVATION AND COMMITMENT TO LIFELONG LEARNING. FOR 43 YEARS, CTC PROGRAMS HAVE BEEN AN EFFECTIVE AND UNIQUE PART OF CREATIVE, ACADEMIC, SOCIAL, AND ECONOMIC DEVELOPMENT IN THE GREATER LOUISVILLE AREA AND BEYOND. IN FY21 CTC SERVED 19,360 YOUTH (PREK-12) AND 7,484 ADULTS WITH IN-PERSON PROGRAMMING WITH THE VIRTUAL EXPERIENCES ADDED AS A RESPONSE TO COVID-19 RESTRICTIONS. ANNUALLY CTC'S PROGRAMS REACH INDIVIDIALS IN 60+ ZIP CODES REGIONALLY, INCLUDING MORE THAN 240 SCHOOLS AND COMMUNITY CENTERS AS WELL AS MOST TITLE 1 SCHOOLS IN THE AREA. CTC'S MISSION IS TO DEVELOP YOUTH AND OUR COMMUNITY THROUGH EXCELLENCE IN COMPREHENSIVE THEATRE EDUCATION AND PERFORMANCE. OUR CONTINUUM OF LEARNING INCLUDES BLUE APPLE OUTREACH'S INTERDISCIPLINARY WORKSHOP AND RESIDENCY PROGRAMS THAT ENRICH MATH, SCIENCE, SOCIAL STUDIES, LANGUAGE ARTS, AND LIFE SKILLS CURRICULA. BLUE APPLE ALSO OFFERS PROFESSIONAL TOURING PERFORMANCES FOR YOUTH AND ADULTS, AND PROFESSIONAL DEVELOPMENT FOR TEACHERS. WITH A NO-AUDITION POLICY AND FINANCIAL AID FOR STUDENTS, WALDEN THEATRE CONSERVATORY INCLUDES INTENSIVE THEATRE TRAINING FOR YOUTH RANGING FROM INTRODUCTORY TO PROFESSIONAL, STUDENT-PRODUCED AND ACTED PERFORMANCES, AN ALUMNI PROGRAM, PROFESSIONAL PERFORMANCES, AND ADULT ACTING CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Sexton Artistic Dir | OfficerTrustee | 40 | $73,676 |
Alison Huff Managing Dir | OfficerTrustee | 40 | $67,185 |
Angela Mccorkle Buckler Vice Preside | OfficerTrustee | 2 | $0 |
Joe Legel CPA Treasurer | OfficerTrustee | 2 | $0 |
Patti Clare Secretary | OfficerTrustee | 2 | $0 |
Mark Gomsak Board Presid | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $381,898 |
| All other contributions, gifts, grants, and similar amounts not included above | $432,188 |
| Noncash contributions included in lines 1a–1f | $8,880 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,086 |
| Total Program Service Revenue | $318,043 |
| Investment income | $85 |
| 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 | -$1,022 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,131,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,958 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,300 |
| Compensation of current officers, directors, key employees. | $33,812 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $504,186 |
| Pension plan accruals and contributions | $14,888 |
| Other employee benefits | $35,187 |
| Payroll taxes | $55,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,731 |
| Advertising and promotion | $1,064 |
| Office expenses | $12,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,763 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,334 |
| Insurance | $14,994 |
| All other expenses | $3,660 |
| Total functional expenses | $983,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,300 |
| Accounts receivable, net | $31,545 |
| 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 | $5,264 |
| Net Land, buildings, and equipment | $174,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $772,604 |
| Accounts payable and accrued expenses | $23,907 |
| Grants payable | $0 |
| Deferred revenue | $11,410 |
| 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 | $191,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $226,357 |
| Net assets without donor restrictions | $506,447 |
| Net assets with donor restrictions | $39,800 |
| 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 | $772,604 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Commonwealth Theatre Center Inc has recieved totaling $133,997.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $50,000 |
Doris Duke Foundation For Islamic Art New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $33,750 |
Gheens Foundation Inc Louisville, KY PURPOSE: THEATRE EDUCATION | $20,000 |
Norton Foundation Inc Louisville, KY PURPOSE: ARTS EDUCATION | $20,000 |
Whas Crusade For Children Inc Louisville, KY PURPOSE: $7,500.00 FOR RESILIENCY RESIDENCIES, DRAMA CLUB-FALL AND SPRING SEMESTERS, EARLY CHILDHOOD LEARNING RESIDENCIES, EMO CARDS AND SUPPLIES FOR DRAMA CLUB. A CONCERN EXISTS FOR THE REPEATED SALARY REQUESTS. | $7,500 |
Snowy Owl Foundation Louisville, KY PURPOSE: RESILIENCY PROGRAM | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |