Colonial Theatre School Inc
- Assets
- $86.5k
- Revenue
- $213.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Westerly, RI
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 22-2629373
Organization Overview
Colonial Theatre School Inc is located in Westerly, RI. The organization was established in 1985. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Colonial Theatre School Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonial Theatre School 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 12/2021, Colonial Theatre School Inc generated $213.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $210.5k during the year ending 12/2021. While expenses have increased by 13.1% 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
PRODUCE LIVE PROFESSIONAL THEATER EDUCATIONAL PROGRAMS FOR BOTH CHILDREN AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCE LIVE OUTDOOR SHAKESPEARE PLAY AND VARIOUS EDUCATION AND TRAINING PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Heller II President | OfficerTrustee | 5 | $0 |
Nicholas Moore Vice President | OfficerTrustee | 5 | $0 |
Dawn Robinson Secretary | OfficerTrustee | 5 | $0 |
George Abood Treasurer | OfficerTrustee | 5 | $0 |
Kathy Tobin Trustee | Trustee | 2 | $0 |
Matthew Cunningham Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,052 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,444 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,496 |
| 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 | $55,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,242 |
| Office expenses | $10,422 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,015 |
| Insurance | $6,458 |
| All other expenses | $129,654 |
| Total functional expenses | $210,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,508 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $76,508 |
| 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 | $86,508 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Colonial Theatre School Inc has recieved totaling $50,035.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: HIRING OF EXECUTIVE DIRECTOR | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Neighborhood Music School Inc New Haven, CT | $8,041,622 | $5,408,099 |
Community Music Center Of Boston Boston, MA | $5,997,832 | $4,709,168 |
Community Music School Of Springfield Inc Springfield, MA | $4,045,762 | $2,001,147 |
Berkshire Choral International Inc Great Barrington, MA | $6,786,260 | $1,965,593 |
Brookline Music School Inc Brookline, MA | $3,029,278 | $1,868,810 |
Nutmeg Conservatory For The Arts Torrington, CT | $10,547,856 | $2,280,759 |
All Newton Music School Inc West Newton, MA | $3,301,443 | $1,511,673 |
Powers Music School Inc Belmont, MA | $2,311,881 | $1,651,220 |
International Alliance Theatrical Stage Employees & Moving Picture Woburn, MA | $4,839,375 | $2,513,704 |
Community Musicworks Providence, RI | $8,955,313 | $5,168,401 |
Joy Of Music Program Inc Worcester, MA | $3,886,405 | $1,557,883 |