Chattanooga Theatre Centre Inc
- Assets
- $3.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Chattanooga, TN
- Founding
- 05/1952
- Data as of
- 08/2022
- EIN
- 62-0273170
Organization Overview
Chattanooga Theatre Centre Inc, operating under the name Chattanooga Theatre Centre, is located in Chattanooga, TN. The organization was established in 1952. 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 08/2022, Chattanooga Theatre Centre employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Theatre Centre 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, Chattanooga Theatre Centre generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. While expenses have increased by 1.2% 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
ENHANCE THE COMMUNITY THROUGH QUALITY THEATRICAL PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LITTLE THEATRE WAS FORMED FOR EDUCATIONAL PURPOSES TO PROVIDE TRAINING AND EXPERIENCE IN THE PERFORMING ARTS. MUSICALS,COMEDIES AND DRAMAS ARE PERFORMED FOR THE GENERAL PUBLIC TO PROVIDE EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Van Valkenburg Executive Director | Officer | 40 | $59,581 |
Alesia Carter Treasurer | OfficerTrustee | 5 | $0 |
Angie Griffin Board President | OfficerTrustee | 5 | $0 |
Mitch Collins Past Board President | OfficerTrustee | 1 | $0 |
Amy Meller Secretary | OfficerTrustee | 5 | $0 |
Lafrederick Thirkill 1st Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $566,874 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $787,844 |
| Total Program Service Revenue | $664,613 |
| Investment income | $5,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,208 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,456,466 |
| 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. | $82,400 |
| Compensation of current officers, directors, key employees. | $41,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,937 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,772 |
| Payroll taxes | $52,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,199 |
| Advertising and promotion | $0 |
| Office expenses | $46,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,483 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,990 |
| Insurance | $38,610 |
| All other expenses | $26,165 |
| Total functional expenses | $1,264,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,657 |
| Savings and temporary cash investments | $416,736 |
| 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 | $18,985 |
| Net Land, buildings, and equipment | $2,705,303 |
| Investments—publicly traded securities | $365,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,575,751 |
| Accounts payable and accrued expenses | $17,811 |
| Grants payable | $0 |
| Deferred revenue | $49,702 |
| 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 | $252 |
| Unsecured mortgages and notes payable | $158,541 |
| Other liabilities | $0 |
| Total liabilities | $226,306 |
| Net assets without donor restrictions | $3,268,603 |
| Net assets with donor restrictions | $80,842 |
| 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 | $3,575,751 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Chattanooga Theatre Centre Inc has recieved totaling $20,037.
| Awarding Organization | Amount |
|---|---|
Food City Charitable Foundation Inc Abingdon, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $10,000 |
Food City Charitable Foundation Inc Abingdon, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Endowment Analysis
| Beg. Balance | $80,842 |
| Ending Balance | $80,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
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 |
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 |
Alabama Shakespeare Festival Inc Montgomery, AL | $8,144,651 | $3,904,984 |
American Shakespeare Center Staunton, VA | $2,626,073 | $2,087,317 |
Childrens Theatre Of Charlotte Inc Charlotte, NC | $26,819,373 | $2,866,228 |