Triad Stage Inc is located in Greensboro, NC. The organization was established in 1998. 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 06/2021, Triad Stage Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triad Stage 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 06/2020, Triad Stage Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
A PROFESSIONAL THEATRE COMPANY DEDICATED TO STRENGTHENING THE COMMUNITY THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRIAD STAGE, INC. IS A PROFESSIONAL THEATRE COMPANY DEDICATED TO STRENGTHENING THE COMMUNITY AND DELIGHTING AUDIENCES BY PROVIDING A PLACE WHERE PEOPLE FROM ALL ECONOMIC, SOCIAL, AND ETHNIC BACKGROUNDS CAN COME TOGETHER TO SHARE A COMMON EXPERIENCE THROUGH THE ARTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Preston Lane Producing Artistic Directo | OfficerTrustee | 40 | $115,874 |
Deborah Hayes Chair | OfficerTrustee | 5 | $0 |
David Allen Treasurer | OfficerTrustee | 3 | $0 |
Linda Sloan Founding Chair | OfficerTrustee | 2 | $0 |
Brandon Bensley Secretary | OfficerTrustee | 3 | $0 |
Jackie Alexander Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $986,764 |
Investment income | $1,249 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $57,428 |
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 | $24,856 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,782,621 |
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. | $109,607 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $637,105 |
Pension plan accruals and contributions | $56,259 |
Other employee benefits | $58,079 |
Payroll taxes | $77,514 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $42,374 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,704 |
Fees for services: Other | $154,921 |
Advertising and promotion | $91,418 |
Office expenses | $49,601 |
Information technology | $83,456 |
Royalties | $41,077 |
Occupancy | $166,043 |
Travel | $66,106 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,378 |
Interest | $34,348 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $192,834 |
Insurance | $30,364 |
All other expenses | $0 |
Total functional expenses | $2,422,498 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $421,172 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $214,589 |
Accounts receivable, net | $46,248 |
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 | $110,454 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $37,997 |
Total assets | $3,172,585 |
Accounts payable and accrued expenses | $213,750 |
Grants payable | $0 |
Deferred revenue | $443,457 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $300,000 |
Secured mortgages and notes payable | $608,867 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $272,198 |
Total liabilities | $1,838,272 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
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 | $1,334,313 |
Over the last fiscal year, we have identified 7 grants that Triad Stage Inc has recieved totaling $48,258.
Awarding Organization | Amount |
---|---|
Strickland Family Foundation Winston Salem, NC PURPOSE: ARTS SUPPORT | $30,000 |
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Griffin Endowment Greensboro, NC PURPOSE: PROGRAM SUPPORT | $5,000 |
The Poetry Foundation Chicago, IL PURPOSE: POETRY OUT LOUD SAA GRANT | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $108 |
The Ackermann Foundation Greensboro, NC PURPOSE: PROGRAM SUPPORT | $100 |
Beg. Balance | $37,997 |
Earnings | $11,031 |
Admin Expense | $635 |
Ending Balance | $48,393 |
Organization Name | Assets | Revenue |
---|---|---|
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
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 |
American Shakespeare Center Staunton, VA | $2,626,073 | $2,087,317 |
Childrens Theatre Of Charlotte Inc Charlotte, NC | $26,819,373 | $2,866,228 |
North Carolina Theatre Raleigh, NC | $3,174,252 | $3,580,122 |
Roanoke Island Historical Association Inc Manteo, NC | $10,126,995 | $2,839,927 |
Carolina Theatre Of Durham Inc Durham, NC | $4,096,389 | $4,794,341 |
Nashville Repertory Theatre Inc Nashville, TN | $1,810,998 | $3,171,319 |
Triad Stage Inc Greensboro, NC | $3,172,585 | $1,782,621 |
Circuit Playhouse Inc Memphis, TN | $16,830,150 | $2,686,872 |
Cumberland County Playhouse Inc Crossville, TN | $3,086,163 | $3,321,582 |