Washington Improvisational Theater Co
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 05/1988
- Data as of
- 06/2022
- EIN
- 52-1543346
Organization Overview
Washington Improvisational Theater Co is located in Washington, DC. The organization was established in 1988. 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 06/2022, Washington Improvisational Theater Co employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Improvisational Theater Co 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 06/2022, Washington Improvisational Theater Co generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $721.0k during the year ending 06/2022. While expenses have increased by 0.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO UNLEASH THE CREATIVE POWER OF IMPROV IN WASHINGTON, DC. WE ENGAGE AUDIENCES WITH PERFORMANCES THAT EXHILARATE AND INSPIRE. WE IGNITE THE SPIRIT OF PLAY IN WASHINGTON WITH A REVOLUTIONARY TRAINING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WIT PROVIDED IN PERSON AND ONLINE IMPROV CLASSES AND WORKSHOPS TO 567 STUDENTS FROM THROUGHOUT THE DC REGION. FREE IMPROV FOR ALL WORKSHOPS ENROLLED 414 ATTENDEES IN 38 WORKSHOPS. WIT CONTINUED AND BUILD NEW COMMUNITY PARTNERSHIPS WITH MARIE REED ELEMENTARY, SITAR ARTS CENTER, ARMED SERVICES ARTS PARTNERSHIP, CALVARY WOMEN'S SERVICES, CAPITOL HILL VILLAGE, AND PROJECT CREATE.
WIT PROVIDED IN PERSON AND ONLINE IMPROV CLASSES AND WORKSHOPS TO 567 STUDENTS FROM THROUGHOUT THE DC REGION. FREE IMPROV FOR ALL WORKSHOPS ENROLLED 414 ATTENDEES IN 38 WORKSHOPS. WIT CONTINUED AND BUILD NEW COMMUNITY PARTNERSHIPS WITH MARIE REED ELEMENTARY, SITAR ARTS CENTER, ARMED SERVICES ARTS PARTNERSHIP, CALVARY WOMEN'S SERVICES, CAPITOL HILL VILLAGE, AND PROJECT CREATE.
WIT PRESENTED 159 IN-PERSON PERFORMANCES, PRIMARILY ON THE STAGE AT SOURCE. HIGHLIGHTS INCLUDED FIESTA LATINA FEATURING LATINE IMPROVISERS FROM THROUGHOUT THE WIT COMMUNITY, THE IN-PERSON DEBUT OF AND, SCENE! (A SHOW THAT MIXES IMPROV WITH SCRIPTED PERFORMANCE), AND (Y)OUR TOWN (AN IMPROVISED HOMAGE TO THE WELL-LOVED THORNTON WILDER PLAY OUR TOWN). WIT COMPANY ENSEMBLES ALSO RETURNED TO IN-PERSON SHOWS, INCLUDING IMUSICAL, NOX!, MADELINE, LENA DUNHAM, UNCLE GORGEOUS, AND HELLCAT.
WIT PRESENTED 159 IN-PERSON PERFORMANCES, PRIMARILY ON THE STAGE AT SOURCE. HIGHLIGHTS INCLUDED FIESTA LATINA FEATURING LATINE IMPROVISERS FROM THROUGHOUT THE WIT COMMUNITY, THE IN-PERSON DEBUT OF AND, SCENE! (A SHOW THAT MIXES IMPROV WITH SCRIPTED PERFORMANCE), AND (Y)OUR TOWN (AN IMPROVISED HOMAGE TO THE WELL-LOVED THORNTON WILDER PLAY OUR TOWN). WIT COMPANY ENSEMBLES ALSO RETURNED TO IN-PERSON SHOWS, INCLUDING IMUSICAL, NOX!, MADELINE, LENA DUNHAM, UNCLE GORGEOUS, AND HELLCAT.
WIT PROVIDED 56 TRAINING WORKSHOPS, SOME ONLINE AND SOME IN PERSON, REACHING 2,803 PARTICIPANTS IN TOTAL.
WIT PROVIDED 56 TRAINING WORKSHOPS, SOME ONLINE AND SOME IN PERSON, REACHING 2,803 PARTICIPANTS IN TOTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Chalfant Artistic & Executive Director | Officer | 40 | $54,142 |
Krystal Ramseur Chair | OfficerTrustee | 2 | $0 |
Graziella Jackson Vice Chair | OfficerTrustee | 2 | $0 |
Nikki Rogers Treasurer | OfficerTrustee | 2 | $0 |
Shane Sarver Secretary | OfficerTrustee | 2 | $0 |
Lura Barber Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,220 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $796,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $817,551 |
| Total Program Service Revenue | $366,444 |
| Investment income | $1,595 |
| 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 | $1,185,590 |
| 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. | $85,066 |
| Compensation of current officers, directors, key employees. | $27,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,682 |
| Pension plan accruals and contributions | $4,425 |
| Other employee benefits | $25,595 |
| Payroll taxes | $25,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,385 |
| Advertising and promotion | $1,744 |
| Office expenses | $28,791 |
| Information technology | $9,612 |
| Royalties | $0 |
| Occupancy | $126,877 |
| Travel | $1,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,797 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83 |
| Insurance | $4,471 |
| All other expenses | $0 |
| Total functional expenses | $721,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,476 |
| Savings and temporary cash investments | $932,171 |
| Pledges and grants receivable | $55,445 |
| 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 | $3,253 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,700 |
| Total assets | $1,346,045 |
| Accounts payable and accrued expenses | $43,393 |
| Grants payable | $0 |
| Deferred revenue | $45,562 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,955 |
| Net assets without donor restrictions | $1,029,738 |
| Net assets with donor restrictions | $227,352 |
| 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 | $1,346,045 |