Circle Arts Theatre Incorporated
- Assets
- $377.3k
- Revenue
- $168.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New Braunfels, TX
- Founding
- 05/1980
- Data as of
- 12/2022
- EIN
- 74-1840793
Organization Overview
Circle Arts Theatre Incorporated is located in New Braunfels, TX. The organization was established in 1980. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Arts Theatre Incorporated 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 12/2022, Circle Arts Theatre Incorporated generated $168.3k 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 (3.2%) each year. All expenses for the organization totaled $239.6k during the year ending 12/2022. 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 PROVIDE MAJOR THEATRE PRODUCTIONS AND INSTRUCT CHILDREN IN DRAMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIVE MAJOR THEATRE PRODUCTIONS PRESENTED TO THE GENERAL PUBLIC
PROVIDE TO THE GENERAL PUBLIC A LOCAL THEATRE AND THE OPPORUNITY TO LEARN DRAMA. MANY VOLUNTEERS HAVE THE OPPORTUNITY TO PERFORM IN A NON-PROFESSIONAL THEATRE.
CIRCLE ARTS K.I.D.S (DRAMA CLASSES FOR APPROXIMATELY 135 PRE-HIGH SCHOOL STUDENTS)
TRAINING PROVIDED TO ABOUT 50 HIGH SCHOOL STUDENTS IN THEATRE OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Biggerstaff Director | Trustee | $0 | |
Cathy Clark Director | Trustee | $0 | |
Jordan Fowler Technical As | Trustee | $0 | |
Merrie Fox Director | Trustee | $0 | |
Brent Hadaway Director | Trustee | $0 | |
Jennifer Heitmeyer Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,636 |
| Total Program Service Revenue | $107,641 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,277 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,100 |
| Payroll taxes | $4,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,485 |
| Advertising and promotion | $15,153 |
| Office expenses | $3,472 |
| Information technology | $0 |
| Royalties | $11,684 |
| Occupancy | $13,494 |
| Travel | $751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,469 |
| Insurance | $5,304 |
| All other expenses | $0 |
| Total functional expenses | $239,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,481 |
| Savings and temporary cash investments | $141,870 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $112,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $377,319 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $32,252 |
| Other liabilities | $0 |
| Total liabilities | $32,252 |
| Net assets without donor restrictions | $345,067 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $377,319 |