Clear Space Theatre Company
- Assets
- $3.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Rehoboth Beach, DE
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 20-1712916
Organization Overview
Clear Space Theatre Company is located in Rehoboth Beach, DE. The organization was established in 2005. 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 12/2021, Clear Space Theatre Company employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clear Space 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 12/2021, Clear Space Theatre Company generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $921.9k during the year ending 12/2021. While expenses have increased by 4.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AUDIENCES, ARTISTS, AND STUDENTS THROUGH HIGH-QUALITY PERFORMANCES AND EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INSPIRE AUDIENCES, ARTISTS, AND STUDENTS THROUGH HIGH-QUALITY PERFORMANCES AND EDUCATIONAL EXPERIENCES. THE COMPANY PROVIDES PERFORMING ARTS CLASSES FOR ALL AGRES AND PRESENTS 13 STAGE PRODUCTIONS REPRESENTING MORE THAN 120 PERFORMANCES ANNUALLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Paulson Executive Di | Trustee | 40 | $61,541 |
Megan Nehrbas Secretary | OfficerTrustee | 8 | $0 |
Brian Ellis Treasurer | OfficerTrustee | 8 | $0 |
Laura Mason Chair | OfficerTrustee | 16 | $0 |
Dick Byrne Director | Trustee | 8 | $0 |
Judy Rayner Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,082,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,149 |
| Noncash contributions included in lines 1a–1f | $41,560 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,426,528 |
| Total Program Service Revenue | $419,828 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,849 |
| Net Income from Fundraising Events | $24,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,868,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,863 |
| 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 | $244,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,408 |
| Fees for services: Accounting | $26,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,417 |
| Advertising and promotion | $21,218 |
| Office expenses | $16,985 |
| Information technology | $0 |
| Royalties | $41,156 |
| Occupancy | $199,218 |
| Travel | $5,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,066 |
| Insurance | $10,740 |
| All other expenses | $26,855 |
| Total functional expenses | $921,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,746 |
| Savings and temporary cash investments | $187,054 |
| Pledges and grants receivable | $36,900 |
| Accounts receivable, net | $16,079 |
| 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 | $40,843 |
| Net Land, buildings, and equipment | $1,464,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,627,861 |
| Total assets | $3,738,787 |
| Accounts payable and accrued expenses | $73,152 |
| Grants payable | $0 |
| Deferred revenue | $87,649 |
| 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 | $1,960,914 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $506 |
| Total liabilities | $2,122,221 |
| Net assets without donor restrictions | $1,324,854 |
| Net assets with donor restrictions | $291,712 |
| 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 | $3,738,787 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Clear Space Theatre Company has recieved totaling $79,409.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $51,195 |
Collins Charitable Foundation Rehoboth Beach, DE PURPOSE: DONATION | $25,000 |
Henry A Strohminger Family Foundation Rehoboth Beach, DE PURPOSE: LIVE THEATER AND CONCERTS | $2,500 |
The Diane And Harry Levin Foundation Wilmington, DE PURPOSE: TO FURTHER THE ORGANIZATIONS CHARITABLE ACTIVITIES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
George Street Playhouse Inc New Brunswick, NJ | $6,896,308 | $6,837,551 |
Paper Mill Playhouse Millburn, NJ | $20,009,816 | $8,770,993 |
Round House Theatre Inc Bethesda, MD | $10,592,034 | $5,829,495 |
Center Stage Associates Inc Baltimore, MD | $48,178,796 | $10,294,538 |
Two River Theatre Company Red Bank, NJ | $129,619,755 | $4,214,788 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Bucks County Playhouse Theater Inc Lambertville, NJ | $15,770,211 | $7,007,035 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |
The Everyman Theatre Incorporated Baltimore, MD | $14,728,446 | $4,835,696 |