Theatre Memphis
- Assets
- $13.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Memphis, TN
- Founding
- 03/1972
- Data as of
- 06/2022
- EIN
- 62-0418732
Organization Overview
Theatre Memphis is located in Memphis, TN. The organization was established in 1972. 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 06/2022, Theatre Memphis employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Memphis 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, Theatre Memphis generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 3.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE PLAYS AND ENCOURAGE THE ARTS BY PERFORMANCE AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
THE THEATRE PRODUCES PLAYS, ENCOURAGES THE ARTS, WRITING OF PLAYS AND UPLIFTING DRAMAS. IT ALSO OFFERS AND CONDUCTS EDUCATIONAL PROGRAMS AND COURSES OF INSTRUCTION IN THE DRAMA AND ALLIED ARTS FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Litch Executive Pr | Officer | 40 | $69,374 |
Jim Brigance President | OfficerTrustee | 5 | $0 |
Eric Eurich Vice Preside | OfficerTrustee | 5 | $0 |
Bryan W Ford Treasurer | OfficerTrustee | 5 | $0 |
Linda Harris Secretary | OfficerTrustee | 5 | $0 |
Jared Johnson Vice Preside | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $89,721 |
| Related organizations | $0 |
| Government grants | $1,358,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $841,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,289,605 |
| Total Program Service Revenue | $656,756 |
| Investment income | $1,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,960,872 |
| 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. | $156,448 |
| Compensation of current officers, directors, key employees. | $93,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,582 |
| Payroll taxes | $103,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $62,575 |
| Office expenses | $58,870 |
| Information technology | $16,620 |
| Royalties | $58,440 |
| Occupancy | $166,244 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,927 |
| Insurance | $36,696 |
| All other expenses | $103,797 |
| Total functional expenses | $1,883,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,472,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $86,000 |
| Accounts receivable, net | $383,100 |
| 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 | $24,057 |
| Net Land, buildings, and equipment | $11,316,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,282,392 |
| Accounts payable and accrued expenses | $48,904 |
| Grants payable | $0 |
| Deferred revenue | $165,513 |
| 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 | $0 |
| Total liabilities | $214,417 |
| Net assets without donor restrictions | $12,809,038 |
| Net assets with donor restrictions | $258,937 |
| 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 | $13,282,392 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Theatre Memphis has recieved totaling $531,950.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $444,546 |
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT & RECOVERY | $50,000 |
The Sims Family Charitable Trust Memphis, TN PURPOSE: PROGRAM SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $11,000 |
Midsouth Grain Inspection Services Memphis, TN PURPOSE: Donation | $7,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $2,800 |
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 |