Freefall Theatre Inc
- Assets
- $569.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Saint Petersburg, FL
- Founding
- 07/2010
- Data as of
- 06/2023
- EIN
- 26-4251761
Organization Overview
Freefall Theatre Inc is located in Saint Petersburg, FL. The organization was established in 2010. 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 06/2023, Freefall Theatre Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freefall Theatre 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 06/2023, Freefall Theatre Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
FREEFALL THEATRE PRODUCED SIX MAINSTAGE PRODUCTIONS WITH A TOTAL OF 151 PERFORMANCES, PLUS 28 ADDITIONAL CONCERTS, PROGRAMS, AND OTHER AUDIENCE ENRICHMENT EXPERIENCES. ALL TOGETHER, FREEFALL THEATRE OFFERED 179 OPPORTUNITIES TO ENGAGE WITH OUR PROGRAMMING AND SERVED A TOTAL OF 17,826 TICKET BUYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Moorhead Board Member | Trustee | 1 | $0 |
Bob Sanders Board Member | Trustee | 1 | $0 |
Mary Ann Cook Board Member | Trustee | 1 | $0 |
Marcia Piacentino Board Member | Trustee | 1 | $0 |
Robert O'brion President | OfficerTrustee | 2 | $0 |
Eileen Sweeney Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $603,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,188 |
| Total Program Service Revenue | $649,599 |
| Investment income | $2,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $600 |
| 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 | $13,731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,416,113 |
| 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. | $30,900 |
| Compensation of current officers, directors, key employees. | $18,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,621 |
| Pension plan accruals and contributions | $8,093 |
| Other employee benefits | $114,506 |
| Payroll taxes | $43,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,750 |
| Advertising and promotion | $50,874 |
| Office expenses | $15,482 |
| Information technology | $0 |
| Royalties | $36,150 |
| Occupancy | $131,725 |
| Travel | $17,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,430 |
| Insurance | $49,600 |
| All other expenses | $51,565 |
| Total functional expenses | $1,415,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,148 |
| Savings and temporary cash investments | $186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,623 |
| 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 | $30,768 |
| Net Land, buildings, and equipment | $340,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,092 |
| Accounts payable and accrued expenses | $149,977 |
| Grants payable | $0 |
| Deferred revenue | $131,879 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $36,145 |
| Secured mortgages and notes payable | $404,647 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $722,648 |
| Net assets without donor restrictions | -$153,556 |
| 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 | $569,092 |