First Floor Theater is located in Chicago, IL. The organization was established in 2014. 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. First Floor Theater 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 06/2024, First Floor Theater generated $139.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $93.2k during the year ending 06/2024. While expenses have increased by 5.0% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PRODUCING WORLD, NATIONAL AND LOCAL PREMIERE PLAYS, AMPLIFYING UNDERHEARD VOICES IN THE AMERICAN THEATER, AND CREATING OPPORTUNITIES FOR THE NEXT GENERATION OF THEATREMAKERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Riane Kerwin President | 1 | $0 | |
Andres Fonseca Treasurer | 1 | $0 | |
Lee Barrington Stark Secretary | 1 | $0 | |
Maria Laftchiyska Schwartz Director | 1 | $0 | |
Ian Williams Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $125,173 |
Total Program Service Revenue | $14,266 |
Membership dues | $0 |
Investment income | $397 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $139,836 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $28,797 |
Professional fees and other payments to independent contractors | $33,536 |
Occupancy, rent, utilities, and maintenance | $11,981 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $18,877 |
Total expenses | $93,191 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $46,559 |
Other assets | $0 |
Total assets | $46,559 |
Total liabilities | $7,490 |
Net assets or fund balances | $39,069 |