Out Of Bounds Comedy
- Assets
- $28.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/2009
- Data as of
- 12/2020
- EIN
- 26-4078620
Organization Overview
Out Of Bounds Comedy is located in Austin, TX. The organization was established in 2009. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Out Of Bounds Comedy 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 12/2020, Out Of Bounds Comedy generated $28.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $29.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
IN 2020, THE COVID-19 PANDEMIC CLOSED MANY PERFORMANCE ORIENTED ORGANZIATIONS. OTHER THAN BASIC NECESSITY COSTS, PERFORMANCES WERE NOT HELD IN 2020. IN REGULAR YEARS, THE ORGANIZATION HOLDS AN ANNUAL 7-DAY LONG COMEDY FESTIVAL DESIGNED TO PROMOTE, DISPLAY, AND EDUCATE THE CITIZENS OF CENTRAL TEXAS ABOUT THE BENEFITS OF LIVE COMEDY IN ALL FORMS. THE FESTIVAL SERVES APPROXIMATELY 5,000 AUDIENCE MEMBERS AND HOSTS AROUND 500 PERFORMERS WHO TEACH, PERFORM, NETWORK, AND ABSORB ALL MANNERS OF LIVE COMEDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Mccormick President | 5 | $0 | |
Jeremy Sweetlamb Secretary | 1 | $0 | |
David Wells Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,918 |
| Total Program Service Revenue | $250 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,168 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,417 |
| Total expenses | $29,567 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,769 |
| Other assets | $0 |
| Total assets | $28,769 |
| Total liabilities | $83 |
| Net assets or fund balances | $28,686 |