Hits Theatre
- Assets
- $343.2k
- Revenue
- $628.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- 02/1981
- Data as of
- 09/2021
- EIN
- 74-2118224
Organization Overview
Hits Theatre is located in Houston, TX. The organization was established in 1981. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Hits Theatre employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hits Theatre 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 09/2021, Hits Theatre generated $628.9k 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 (5.9%) each year. All expenses for the organization totaled $613.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HITS THEATRE PROVIDES MUSICAL THEATER TRAINING FOR CHILDREN AGES 5 TO 18, FOCUSING ON PRODUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE YEAR ENDED 09/30/21, HITS ENROLLED APPROXIMATELY 1,000 STUDENTS IN ITS CLASSES AND WORKSHOPS, WITH CLASSES AND WORKSHOPS IMPACTED BY THE PANDEMIC. WE RETURNED TO MILLER OUTDOOR THEATRE FOR A WEEKEND PERFORMANCE. IN ADDITION, SOME STUDENTS RECEIVE NEEDS-BASED FULL OR PARTIAL TUITION SCHOLARSHIPS. HITS SERVES THE HOUSTON METROPOLITAN REGION WITH REGISTERED STUDENTS FROM DOZENS OF ZIP CODES. SINCE OUR INCEPTION, APPROXIMATELY 634,000 CHILDREN AND ADULTS HAVE BEEN EDUCATED AND ENTERTAINED THROUGH HITS THEATRE CLASSES AND FREE COMMUNITY PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Wagner Artistic Director | Officer | 55 | $76,563 |
Troy Lubbers Managing Director | Officer | 45 | $74,200 |
Kathleen Williams Reynolds President | OfficerTrustee | 6 | $0 |
Lauren Pastorek Vice President To 9/21 | OfficerTrustee | 5 | $0 |
Rachel Applegate President-Elect | OfficerTrustee | 3 | $0 |
Rachel Paez Treasurer To 7/21 | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,281 |
| Noncash contributions included in lines 1a–1f | $973 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,648 |
| Total Program Service Revenue | $285,628 |
| Investment income | $201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,400 |
| 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 | $2,051 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,632 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,075 |
| Compensation of current officers, directors, key employees. | $16,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,765 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,417 |
| Payroll taxes | $17,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,077 |
| Advertising and promotion | $4,392 |
| Office expenses | $36,270 |
| Information technology | $15,401 |
| Royalties | $1,906 |
| Occupancy | $32,381 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,134 |
| Insurance | $14,063 |
| All other expenses | $10,886 |
| Total functional expenses | $613,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,817 |
| Savings and temporary cash investments | $120,244 |
| Pledges and grants receivable | $37,286 |
| Accounts receivable, net | $1,670 |
| 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 | $9,134 |
| Net Land, buildings, and equipment | $127,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $343,160 |
| Accounts payable and accrued expenses | $9,318 |
| Grants payable | $0 |
| Deferred revenue | $41,984 |
| 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 | $96,380 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $147,682 |
| Net assets without donor restrictions | $179,962 |
| Net assets with donor restrictions | $15,516 |
| 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 | $343,160 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hits Theatre has recieved totaling $169,137.
| Awarding Organization | Amount |
|---|---|
Houston Arts Alliance Houston, TX PURPOSE: General support | $88,671 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING SUPPORT | $35,000 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX PURPOSE: EDUCATE/TRAIN/INSPIRE STUDENTS THROUGH PROFESSIONAL-LEVEL PERFORMING ARTS EDUCATION | $25,000 |
Miller Theatre Advisory Board Inc Houston, TX PURPOSE: Showstoppers | $20,000 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $175 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Bridges Inc Fort Worth, TX | $0 | $357,485,765 |
Big Thought Dallas, TX | $5,164,665 | $9,225,791 |
Southwest School Of Art San Antonio, TX | $10,498,026 | -$15,382,277 |
Fab Lab Tulsa Inc Tulsa, OK | $905,994 | $2,260,190 |
Young Audiences Of Louisiana Inc New Orleans, LA | $2,693,862 | $4,571,020 |
Us Biennial Inc New Orleans, LA | $1,914,538 | $2,330,262 |
Santa Fe School For The Arts Santa Fe, NM | $4,340,717 | $1,902,890 |
Oklahoma Arts Institute Oklahoma City, OK | $2,532,394 | $1,383,952 |
Community Works Of Louisiana New Orleans, LA | $370,788 | $1,210,221 |
Multicultural Education And Counseling Through The Arts Houston, TX | $4,644,101 | $2,037,486 |
School Of Design New Orleans, LA | $1,895,558 | $1,072,625 |
Youth Oasis Baton Rouge, LA | $394,453 | $1,019,110 |