Childrens Theatre Of Charlotte Inc
- Assets
- $26.8m
- Revenue
- $2.9m
- Investments
- $16.9m
- Employees
- 136
- Location
- Charlotte, NC
- Founding
- 08/1973
- Data as of
- 06/2021
- EIN
- 56-1028031
Organization Overview
Childrens Theatre Of Charlotte Inc is located in Charlotte, NC. The organization was established in 1973. 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 06/2021, Childrens Theatre Of Charlotte Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Theatre Of Charlotte 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 06/2021, Childrens Theatre Of Charlotte Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CHILDREN'S THEATRE OF CHARLOTTE (CTC) IS TO CREATE EXCEPTIONAL THEATRE EXPERIENCES, INSPIRING GENERATIONS TO EXPLORE THE WONDER OF THEIR WORLD.
Describe the Organization's Program Activity:
PROFESSIONAL THEATRE FOR YOUTH: CTC PRODUCES AND PRESENTS PROFESSIONAL THEATRICAL PRODUCTIONS FROM SCRIPTS EITHER SELECTED OR COMMISSIONED BY CTC ARTISTIC STAFF. EACH PRODUCTION IS CREATED BY PROFESSIONAL DIRECTORS, DESIGNERS, ACTORS AND MUSICIANS AND PERFORMED ON SETS AND IN COSTUMES CREATED BY CTC PRODUCTION STAFF. IN THE 2020-21 SEASON, DUE TO THE COVID-19 PANDEMIC, CTC PRESENTED AN ENTIRELY VIRTUAL SEASON OF PRODUCTIONS. EACH OF THE 4 SHOWS IN THIS SEASON WERE REHEARSED, DESIGNED, DIRECTED, FILMED, AND EDITED SPECIFICALLY FOR THE PURPOSE OF BEING STREAMED ONLINE. PERFORMANCES WERE STREAMED VIA BROADWAY ON DEMAND FOR PUBLIC AUDIENCES AND VIMEO OR YOUTUBE FOR SCHOOL AUDIENCES.
THEATRE EDUCATION PROGRAMS: CTC THEATRE CLASSES ARE SEPARATED INTO TWO CATEGORIES: CREATIVE DRAMA FOR CHILDREN AGE 2 TO GRADE 5 AND THE SCHOOL OF THEATRE TRAINING (SOTT) FOR CHILDREN IN GRADES 3 TO 12. EACH MAY, SOTT CULMINATES WITH ONSTAGE, A 5-WEEK PERFORMANCE OPPORTUNITY IN PARTNERSHIP WITH OUR PRODUCTION DEPARTMENT. SUMMER CAMPS ARE AVAILABLE TO CHILDREN AGES 2-18 IN A WIDE VARIETY OF TOPICS, THEMES AND DISCIPLINES. COMMUNITY INVOLVEMENT PROGRAM (CIP) CLASSES AND WORKSHOPS ARE OFFERED TO SERVICE ORGANIZATIONS WORKING WITH CHILDREN IN CRISIS OR WHO RECEIVED PUBLIC ASSISTANCE IN THE 2020-21 SEASON, EDUCATION PROGRAMS WERE OFFERED BOTH IN- PERSON AND VIRTUALLY. FULL AND PARTIAL-TUITION SCHOLARSHIPS FOR ALL CLASSES AND CAMPS ARE OFFERED TO STUDENTS OF FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Burke Artistic Dir | Officer | 60 | $114,366 |
Linda Reynolds Managing Dir | Officer | 60 | $89,487 |
Tracy Chandler Finance Dire | Officer | 60 | $73,753 |
Ashley Joseph Chair | OfficerTrustee | 5 | $0 |
Tim Rogers Past Chair | OfficerTrustee | 1.2 | $0 |
Stacia Neugent Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $251,401 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,146,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $680,796 |
| Noncash contributions included in lines 1a–1f | $37,731 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,078,994 |
| Total Program Service Revenue | $617,838 |
| Investment income | $341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $208 |
| 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 | $2,866,228 |
| 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. | $277,606 |
| Compensation of current officers, directors, key employees. | $176,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,592,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $174,161 |
| Payroll taxes | $140,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,145 |
| Advertising and promotion | $57,384 |
| Office expenses | $22,147 |
| Information technology | $0 |
| Royalties | $18,000 |
| Occupancy | $229,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,002 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,981 |
| Insurance | $21,231 |
| All other expenses | $0 |
| Total functional expenses | $2,997,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,227,070 |
| Pledges and grants receivable | $48,257 |
| Accounts receivable, net | $50,000 |
| 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 | $74,695 |
| Net Land, buildings, and equipment | $131,863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,868,177 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,419,111 |
| Total assets | $26,819,373 |
| Accounts payable and accrued expenses | $153,432 |
| Grants payable | $0 |
| Deferred revenue | $362,410 |
| 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 | $554,525 |
| Other liabilities | $0 |
| Total liabilities | $1,070,367 |
| Net assets without donor restrictions | $1,488,067 |
| Net assets with donor restrictions | $24,260,939 |
| 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 | $26,819,373 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Childrens Theatre Of Charlotte Inc has recieved totaling $1,109,521.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $1,020,427 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $60,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,750 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,802 |
Dickson Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,100 |
Endowment Analysis
| Beg. Balance | $13,545,520 |
| Earnings | $3,932,217 |
| Admin Expense | $38,810 |
| Net Contributions | $71,546 |
| Other Expense | $642,296 |
| Ending Balance | $16,868,176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
Barter Foundation Incorporated State Theatre Of Virginia Abingdon, VA | $10,953,876 | $6,208,012 |
American Shakespeare Center Staunton, VA | $2,626,073 | $2,087,317 |
Childrens Theatre Of Charlotte Inc Charlotte, NC | $26,819,373 | $2,866,228 |
North Carolina Theatre Raleigh, NC | $3,174,252 | $3,580,122 |
Roanoke Island Historical Association Inc Manteo, NC | $10,126,995 | $2,839,927 |
Carolina Theatre Of Durham Inc Durham, NC | $4,096,389 | $4,794,341 |
Nashville Repertory Theatre Inc Nashville, TN | $1,810,998 | $3,171,319 |
Triad Stage Inc Greensboro, NC | $3,172,585 | $1,782,621 |
Circuit Playhouse Inc Memphis, TN | $16,830,150 | $2,686,872 |
Cumberland County Playhouse Inc Crossville, TN | $3,086,163 | $3,321,582 |