Local Theater Company
- Assets
- $72.0k
- Revenue
- $460.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Boulder, CO
- Founding
- 12/2011
- Data as of
- 05/2024
- EIN
- 45-2208855
Organization Overview
Local Theater Company is located in Boulder, CO. The organization was established in 2011. 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 05/2024, Local Theater Company employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Theater 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 05/2024, Local Theater Company generated $460.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $557.6k during the year ending 05/2024. While expenses have increased by 17.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE AUDIENCES THROUGH INNOVATIVE PERFORMANCES THAT SPARK CAMARADERIE, LEARNING, AND CONTEMPLATION, AND PROVIDE A RESOURCEFUL ENVIRONMENT FOR THEATER ARTISTS TO TAKE CREATIVE RISKS AND DEVELOP THEIR WORK..
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 2011, LOCAL THEATER COMPANY (LTC) HAS DISCOVERED, DEVELOPED, AND PRODUCED EXCEPTIONAL NEW THEATRICAL WORKS. ARTISTS GROW THEIR WORK WITHIN A FERTILE ARTISTIC ENVIRONMENT. AUDIENCES ARE CULTIVATED TO PARTICIPATE IN THE NEW PLAY PROCESS THROUGH INCLUSION IN EVERY STAGE. WITH 60 STAFF, BOARD, AND ASSOCIATE ARTISTS, LTC HAS PRODUCED 53 NEW PLAY READINGS AT LOCAL LAB, 15 FULLY PRODUCED WORLD-PREMIER PRODUCTIONS, AND EDUCATED MORE THAN 500 MIDDLE SCHOOL STUDENTS. IN THE 2023-24 SEASON, LTC PROGRAMS INCLUDED THE LIVE, WORLD PREMIER PRODUCTION OF RAISED ON RONSTADT BY GERREE HINSHAW, LOCAL LAB NEW PLAY FESTIVAL, LOCALWRITES LITERACY RESIDENCY FOR MIDDLE SCHOOL, AND THE COME TOGETHER ENGAGEMENT SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Butcher Director | Trustee | 2 | $0 |
Lorenzo Gonzalez Director | Trustee | 2 | $0 |
Will Misko Co-Chair | OfficerTrustee | 2 | $0 |
Emily Lawrence Director | Trustee | 2 | $0 |
Lari Abraham Secretary | OfficerTrustee | 2 | $0 |
Gerree Anderson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,405 |
| Total Program Service Revenue | $54,713 |
| Investment income | $393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $460,373 |
| 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 | $212,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,680 |
| Payroll taxes | $19,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $18,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $785 |
| Office expenses | $696 |
| Information technology | $2,300 |
| Royalties | $0 |
| Occupancy | $32,415 |
| Travel | $19,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,956 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,821 |
| All other expenses | $21,073 |
| Total functional expenses | $557,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,414 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,628 |
| Total assets | $72,042 |
| Accounts payable and accrued expenses | $46,648 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $36,373 |
| Total liabilities | $233,021 |
| Net assets without donor restrictions | -$160,979 |
| 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 | $72,042 |