Theatre Under The Stars Inc
- Assets
- $14.1m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 473
- Location
- Houston, TX
- Founding
- 08/1969
- Data as of
- 08/2023
- EIN
- 74-1621647
Organization Overview
Theatre Under The Stars Inc is located in Houston, TX. The organization was established in 1969. 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 08/2023, Theatre Under The Stars Inc employed 473 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Under The Stars 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 08/2023, Theatre Under The Stars Inc generated $16.3m 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 (4.0%) each year. All expenses for the organization totaled $18.9m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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
THEATRE UNDER THE STARS (TUTS) IS COMMITTED TO CULTURAL LIFE ENRICHMENT THROUGH MUSICAL THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICAL THEATRE PRODUCTIONS: TUTS WAS CREATED TO SERVE THE GREATER HOUSTON COMMUNITY THROUGH PRODUCING TIMELESS CLASSICS AND CREATING AND DEVELOPING NEW AND INNOVATIVE MUSICAL THEATRE. DURING THE YEAR ENDED 8/31/23, TUTS RESUMED NORMAL OPERATIONS, WHICH INCLUDED SEVEN IN-PERSON MAIN STAGE SHOWS (FOUR SELF-PRODUCED AND THREE TOURS).
EDUCATION AND COMMUNITY OUTREACH INITIATIVES: HUMPHREYS SCHOOL OF MUSICAL THEATRE IS COMMITTED TO PROVIDING THE HOUSTON AREA WITH THE BEST THEATRICAL TRAINING AND PERFORMING ARTS EDUCATION. IT IS THE GOAL OF HSMT TO GIVE ALL STUDENTS WHO WALK THROUGH ITS DOORS A GREATER UNDERSTANDING OF MUSICAL THEATRE AND OF THEMSELVES EQUIPPING YOUNG PEOPLE WITH THE TOOLS THEY NEED TO BE SUCCESSFUL IN WHATEVER THEY CHOOSE TO DO IN LIFE. FOUNDED IN 1996, THE RIVER PROVIDES AFFORDABLE, ACCESSIBLE ARTS EDUCATION TO INDIVIDUALS WITH DISABILITIES AND THEIR SIBLINGS. AFTER MERGING WITH TUTS IN 2010, THE RIVER'S CLASSES AND OPPORTUNITIES EXPANDED TO INCLUDE PROGRAMMING FOR YOUNG ADULTS. THIS INCLUSIVE PERFORMANCE TROUPE HAS PERFORMED AT MANY NOTABLE EVENTS ACROSS THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Dr Jones Jr Chair | OfficerTrustee | 2 | $0 |
Stephen Trauber President | OfficerTrustee | 2 | $0 |
John Tobola Vice-Chair/chair-Elect | OfficerTrustee | 2 | $0 |
Patrice Mckinney Vice-President | OfficerTrustee | 2 | $0 |
Meredith Philipp-Tcholakian Secretary | OfficerTrustee | 2 | $0 |
Alan Ratliff Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fish With Cheese Limited Partnership Production Company | 8/30/23 | $750,223 |
Music Theatre International Theatrical Licensing Agencies | 8/30/23 | $348,403 |
Mogo Marketing & Media Llc Marketing | 8/30/23 | $239,500 |
Infovine Printing And Mailing | 8/30/23 | $220,488 |
Concord Theatrical Corp Theatrical Performance Rights | 8/30/23 | $171,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $573,219 |
| Related organizations | $0 |
| Government grants | $143,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,337,292 |
| Noncash contributions included in lines 1a–1f | $142,522 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,053,511 |
| Total Program Service Revenue | $12,144,203 |
| Investment income | $209,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,347 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$96 |
| Net Income from Fundraising Events | -$160,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,614 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,278,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $51,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $705,016 |
| Compensation of current officers, directors, key employees. | $245,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,238,648 |
| Pension plan accruals and contributions | $66,577 |
| Other employee benefits | $309,230 |
| Payroll taxes | $206,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $11,258 |
| Fees for services: Other | $572,526 |
| Advertising and promotion | $2,684,763 |
| Office expenses | $1,012,151 |
| Information technology | $299,799 |
| Royalties | $1,092,359 |
| Occupancy | $522,156 |
| Travel | $67,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,038 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,504 |
| Insurance | $69,786 |
| All other expenses | $0 |
| Total functional expenses | $18,859,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,044,298 |
| Savings and temporary cash investments | $1,100,868 |
| Pledges and grants receivable | $1,346,713 |
| 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 | $42,203 |
| Prepaid expenses and deferred charges | $2,774,620 |
| Net Land, buildings, and equipment | $404,785 |
| Investments—publicly traded securities | $4,225,303 |
| Investments—other securities | $0 |
| Investments—program-related | $201,823 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,140,613 |
| Accounts payable and accrued expenses | $2,719,351 |
| Grants payable | $0 |
| Deferred revenue | $5,843,637 |
| 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 | $8,562,988 |
| Net assets without donor restrictions | $4,467,789 |
| Net assets with donor restrictions | $1,109,836 |
| 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 | $14,140,613 |