Triad Stage Inc
- Assets
- $1.9m
- Revenue
- $718.2k
- Investments
- $0.0
- Employees
- 23
- Location
- Greensboro, NC
- Founding
- 08/1998
- Data as of
- 06/2023
- EIN
- 62-1743981
Organization Overview
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 06/2023, Triad Stage Inc employed 23 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 06/2023, Triad Stage Inc generated $718.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 8 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
2023
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. ON JUNE 20, 2023, TRIAD STAGE ANNOUNCED THAT IT WAS CEASING OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Hayes Co-Chair | OfficerTrustee | 5 | $0 |
Sarah Saint Co-Chair | OfficerTrustee | 5 | $0 |
Cassandra Williams Co-Chair | OfficerTrustee | 5 | $0 |
David Allen Treasurer | OfficerTrustee | 3 | $0 |
Brandon Bensley Secretary | OfficerTrustee | 3 | $0 |
Margaret Arbuckle Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,629 |
| Total Program Service Revenue | $235,965 |
| Investment income | $1,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,197 |
| Net Gain/Loss on Asset Sales | $9,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,955 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $718,180 |
| 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. | $17,423 |
| Compensation of current officers, directors, key employees. | $17,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,781 |
| Pension plan accruals and contributions | $20,892 |
| Other employee benefits | $9,510 |
| Payroll taxes | $37,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,225 |
| Fees for services: Accounting | $30,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $29,915 |
| Fees for services: Investment Management | $665 |
| Fees for services: Other | $160,409 |
| Advertising and promotion | $56,069 |
| Office expenses | $91,380 |
| Information technology | $36,908 |
| Royalties | $18,149 |
| Occupancy | $112,868 |
| Travel | $11,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,168 |
| Interest | $27,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,487 |
| Insurance | $23,010 |
| All other expenses | $53 |
| Total functional expenses | $1,289,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,128 |
| 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 | $24,254 |
| Net Land, buildings, and equipment | $1,859,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,925,590 |
| Accounts payable and accrued expenses | $161,213 |
| Grants payable | $0 |
| Deferred revenue | $232,060 |
| 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 | $538,763 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,873 |
| Total liabilities | $947,909 |
| Net assets without donor restrictions | $834,674 |
| Net assets with donor restrictions | $143,007 |
| 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 | $1,925,590 |