Chelsea Art Theater Inc
- Assets
- $412.7k
- Revenue
- $430.0k
- Investments
- $0.0
- Employees
- 16
- Location
- Chapel Hill, NC
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-4309682
Organization Overview
Chelsea Art Theater Inc is located in Chapel Hill, NC. The organization was established in 2018. 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 12/2022, Chelsea Art Theater Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea Art Theater 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 12/2022, Chelsea Art Theater Inc generated $430.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $472.2k 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
THE MISSION OF THE CHELEA THEATER IS TO ENTERTAIN, EDUCATE AND ENGAGE THROUGH FILM TO ENRICH OUR DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN SIX DAYS A WEEK, THE CHELSEA PRESENTS APPROXIMARELY 2600 FILM SCREENINGS EACH YEAR IN THREE SEPARATE SCREENING ROOMS. THESE INCLUDE FIRST-RUN FILMS, TYPICALLY ORIGINALLY SCREENED AT NATIONAL AND INTERNATIONAL FESTIVALS BEFORE MAKING THEIR WAY TO U.S. DISTRIBUTION. THESE INCLUDE MAJOR INTERNATIONAL AWARD WINNERS AS WELL AS SMALLER INDEPENDENT FEATURES AND DOCUMENTARIES. PRESENTING FILMS THAT WOULD NOT BE SHOWN ELSEWHERE IN THE AREA IS A PRIORITY, ESPECIALLY IN THE CASE OF FOREIGN LANGUAGE FILMS AND DOCUMENTARIES AND WORK BY LOCAL FILMMAKERS. SPECIAL SERIES HELD IN 2022 INCLUDED SEVERAL COLLABORATIONS. FOR EXAMPLE, KINO CORNER DOUBLE FEATURES WERE ORGANIZED BY STUDENTS FROM UNC-CHAPEL HILL. A MODERNIST ARCHITECTURE FILM SERIES WAS HELD IN CONJUNCTION WITH NORTH CAROLINA MODERNIST, A REGIONAL PRESERVATION ORGANIZATION. ANOTHER SERIES CALLED FIERCE FEMALES, SHOWCASED FILMS WITH STRONG WOMEN PROTAGONISTS. IN ADDITION, WE HOST OCCASIONAL LECTURES AND FILM DISCUSSIONS AND MAKE THE FACILITIES AVAILABLE TO COMMUNITY GROUPS FOR FREE OR LOW COST TERMS. IN 2022 21,800 INDIVIDUALS ATTENDED FILMS AND TALKS AT THE CHELSEA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Kaas Executive Director | 40 | $44,099 | |
Charles Humble Past Chair | OfficerTrustee | 2 | $0 |
David Haas At Large | Trustee | 1 | $0 |
Patricia Blau Treasurer | OfficerTrustee | 6 | $0 |
Bonnie Bevan At Large | Trustee | 1 | $0 |
Tinka Deal Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,480 |
| Total Program Service Revenue | $266,698 |
| Investment income | $296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,486 |
| 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 | $429,960 |
| 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. | $44,099 |
| Compensation of current officers, directors, key employees. | $13,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,867 |
| Office expenses | $14,646 |
| Information technology | $4,153 |
| Royalties | $0 |
| Occupancy | $75,409 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $421 |
| Interest | $642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,618 |
| Insurance | $8,884 |
| All other expenses | $0 |
| Total functional expenses | $472,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,423 |
| Savings and temporary cash investments | $160,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $483 |
| 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 | $189,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,801 |
| Total assets | $412,730 |
| Accounts payable and accrued expenses | $1,750 |
| Grants payable | $0 |
| Deferred revenue | $6,430 |
| 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 | $75,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $83,180 |
| Net assets without donor restrictions | $329,550 |
| 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 | $412,730 |