Emerald Coast Theatre Company
- Assets
- $907.1k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Miramar Beach, FL
- Founding
- 11/2013
- Data as of
- 07/2023
- EIN
- 80-0858285
Organization Overview
Emerald Coast Theatre Company is located in Miramar Beach, FL. The organization was established in 2013. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Emerald Coast Theatre Company employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerald Coast Theatre Company 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 07/2023, Emerald Coast Theatre Company generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $1.7m during the year ending 07/2023. While expenses have increased by 41.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
ECTC OPERATES AS A NON-PROFIT, 501(C)3 SERVING OKALOOSA, WALTON AND BAY COUNTIES IN FLORIDA WITH A MISSION TO ENRICH AND ENTERTAIN THE EMERALD COAST COMMUNITY THROUGH PROFESSIONAL AND EDUCATIONAL THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERALD COAST THEATRE COMPANY (ECTC) IS THE ONLY THEATRE COMPANY IN THE TRI COUNTY REGION (OKALOOSA, WALTON AND BAY COUNTIES) THAT OFFERS YEAR ROUND PRODUCTION CLASSES AND CAMPS, AS WELL AS LOCALLY PRODUCING THEATRE PRODUCTIONS FOR YOUTH, SENIORS, AND FAMILIES. CURRENT PROGRAMS INCLUDE AN EXTENSIVE AFTER-SCHOOL, WEEKEND AND SUMMER CAMP EDUCATIONAL PROGRAM, A PROFESSIONAL THEATRE SEASON AND THEATRE FOR YOUNG AUDIENCES (TYA) PRODUCTIONS. ECTC PROVIDES VITAL CULTURAL SERVICES YEAR ROUND TO THE COMMUNITY THAT WOULD OTHERWISE BE NONEXISTENT. ECTC HAS EXPERIENCED EXPONENTIAL YEAR OVER YEAR GROWTH WITH AN INCREASE OF 63% IN ATTENDANCE TO PROFESSIONAL THEATRE PRODUCTIONS AND A 15% INCREASE IN SCHOOL FIELD TRIP ATTENDANCE TO OUR THEATRE FOR YOUNG AUDIENCE PRODUCTIONS THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathanael Fisher Producing Artistic Directo | OfficerTrustee | 50 | $124,994 |
Anna Fisher Associate Artistic Directo | OfficerTrustee | 50 | $82,452 |
Jason Hedden President | OfficerTrustee | 5 | $0 |
Stacey Brady Director At Large | Trustee | 5 | $0 |
Jamie Hall Director At Large | Trustee | 5 | $0 |
Melissa Oropresa Carroll Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $156,951 |
| Fundraising events | $24,772 |
| Related organizations | $0 |
| Government grants | $90,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $813,531 |
| Noncash contributions included in lines 1a–1f | $497,179 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,085,254 |
| Total Program Service Revenue | $705,323 |
| Investment income | $2,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,780,621 |
| 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 | $441,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $85,020 |
| Office expenses | $98,550 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $522,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,041 |
| Insurance | $17,484 |
| All other expenses | $89 |
| Total functional expenses | $1,704,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $713,816 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $182,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $143 |
| Other assets | $10,405 |
| Total assets | $907,093 |
| Accounts payable and accrued expenses | $15,647 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,647 |
| Net assets without donor restrictions | $819,912 |
| Net assets with donor restrictions | $71,534 |
| 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 | $907,093 |