Orpheum Theatre Group
- Assets
- $63.2m
- Revenue
- $48.4m
- Investments
- $56.8k
- Employees
- 420
- Location
- Memphis, TN
- Founding
- 06/1977
- Data as of
- 06/2022
- EIN
- 62-0983983
Organization Overview
Orpheum Theatre Group is located in Memphis, TN. The organization was established in 1977. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Orpheum Theatre Group employed 420 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orpheum Theatre Group 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, Orpheum Theatre Group generated $48.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $19.1m during the year ending 06/2022. While expenses have increased by 3.8% 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 ENHANCE THE COMMUNITIES WE SERVE BY UTILIZING THE PERFORMING ARTS TO ENTERTAIN, EDUCATE, AND ENLIGHTEN WHILE PRESERVING THE HISTORIC ORPHEUM THEATRE AND THE HALLORAN CENTRE FOR PERFORMING ARTS & EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOCUS OF THE ORPHEUM THEATRE GROUP IS DIRECTED TO PRESERVATION OF THE THEATRE, ENTERTAINMENT PROGRAMMING AND EDUCATION AND COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Alvord Board Member | Trustee | 1 | $0 |
Kashaundra Blackwood Board Member | Trustee | 1 | $0 |
Dr Neal S Beckford Board Member | Trustee | 1 | $0 |
Scott Bendure Board Member | Trustee | 1 | $0 |
John Bobango Board Member | Trustee | 1 | $0 |
Debbie Branan Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Live Nation Worldwide Inc Promotion | 6/29/23 | $1,214,245 |
Outback Presents Promotion | 6/29/23 | $922,710 |
Walt Disney Pictures Operating Entertainment | 6/29/23 | $557,985 |
Ten Grinches Llc Entertainment | 6/29/23 | $526,417 |
Osb Services Llc Commercial Construction | 6/29/23 | $656,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,186,216 |
| Investment income | $323,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,186,242 |
| Net Gain/Loss on Asset Sales | $477,682 |
| Net Income from Fundraising Events | $59,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $598,456 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,397,887 |
| Statement of Expenses | |
|---|---|
| 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. | $1,395,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,441,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $490,179 |
| Payroll taxes | $266,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,545 |
| Advertising and promotion | $1,070,192 |
| Office expenses | $69,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $757,285 |
| Travel | $65,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,096 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,318,439 |
| Insurance | $176,140 |
| All other expenses | $0 |
| Total functional expenses | $19,136,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,023,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,648,962 |
| Accounts receivable, net | $262,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,885 |
| Prepaid expenses and deferred charges | $434,389 |
| Investments—publicly traded securities | $14,416,154 |
| Investments—other securities | $56,848 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,083 |
| Total assets | $63,245,566 |
| Accounts payable and accrued expenses | $1,415,411 |
| Grants payable | $0 |
| Deferred revenue | $6,288,498 |
| 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 | $7,703,909 |
| Net assets without donor restrictions | $38,138,521 |
| Net assets with donor restrictions | $17,403,136 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $55,541,657 |