Carolina Theatre Of Greensboro Inc
- Assets
- $7.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Greensboro, NC
- Founding
- 02/2004
- Data as of
- 06/2021
- EIN
- 04-3781645
Organization Overview
Carolina Theatre Of Greensboro Inc is located in Greensboro, NC. The organization was established in 2004. 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 06/2022, Carolina Theatre Of Greensboro Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Theatre Of Greensboro 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 06/2021, Carolina Theatre Of Greensboro Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $813.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 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
PROMOTE ARTS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAROLINA THEATRE IS A FULLY FUNCTIONING PERFORMING ARTS FACILITY. IT PRESENTS A VARIETY OF LIVE PERFORMANCES BY LOCAL PERFORMING ARTS GROUPS AND CELEBRITY ENTERTAINERS. CAROLINA THEATRE'S MANTRA IS "PRESENTING ARTS - PRESERVING HISTORY".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Peddrick Chair | OfficerTrustee | 10 | $0 |
Altina Layman Vice-Chair/chair-Elect | OfficerTrustee | 1 | $0 |
Jessica Mashburn Vice-Chair | OfficerTrustee | 3 | $0 |
David Taylor Vice-Chair | OfficerTrustee | 3 | $0 |
M Taylor Butler Secretary | OfficerTrustee | 1 | $0 |
Jim Everhart Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rd Graham Electric Inc Fire Alarm Installation | 6/29/20 | $127,920 |
Audio & Light Sound Equipment | 6/29/20 | $166,400 |
Singer Entertainment Llc Show Promoter | 6/29/20 | $122,183 |
Frank L Blum Construction Renovation Final Payment | 6/29/20 | $107,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $900,762 |
| Investment income | -$286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $116,830 |
| 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 | $7,451 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,077,005 |
| Statement of Expenses | |
|---|---|
| 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. | $62,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,845 |
| Payroll taxes | $13,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,823 |
| Office expenses | $24,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,016 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,349 |
| Insurance | $25,315 |
| All other expenses | $0 |
| Total functional expenses | $813,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,848 |
| Savings and temporary cash investments | $368,036 |
| Pledges and grants receivable | $103,325 |
| Accounts receivable, net | $347,870 |
| 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 |
| Investments—publicly traded securities | $30,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,293,869 |
| Accounts payable and accrued expenses | $84,083 |
| Grants payable | $0 |
| Deferred revenue | $44,100 |
| 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 | $67,348 |
| Total liabilities | $195,531 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,098,338 |