Davner Theatricals Inc
- Assets
- $1.1m
- Revenue
- $775.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- 04/1995
- Data as of
- 06/2023
- EIN
- 56-1910148
Organization Overview
Davner Theatricals Inc is located in Raleigh, NC. The organization was established in 1995. 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. Davner Theatricals 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, Davner Theatricals Inc generated $775.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $719.4k during the year ending 06/2023. While expenses have increased by 5.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE LITERATE, VISCERAL, AFFECTING THEATER WORKS THAT FAVOR NEGLECTED CLASSIC, MODERN CLASSIC, AND NEW PLAYS OF SERIOUS THEMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRODUCES NEW PLAYS AND INNOVATIVE VERSIONS OF CLASSICS. DURING THE YEAR THE ORGANIZATION PRODUCED FIVE MAINSTAGE PERFORMANCES; PRODUCED OUR "SECOND STAGE" SERIES OF CHALLENGING WORKS PRESENTED IN COLLABORATION WITH EMERGING ARTISTS; PRODUCED OUR NEW WORKS SERIES OF STAGED READINGS BY NORTH CAROLINA WRITERS; PRODUCED OUR HISTORY PLAYS, DRAWN FROM RALEIGH'S MULTIFACETED PAST (INCLUDING PERFORMANCES IN OAKWOOD CEMETERY, THE MORDECAI HOUSE, AND ON HISTORIC FAYETTEVILLE STREET); DELIVERED OUR LOBBY LECTURE SERIES, WHICH PRESENTS EXPERTS SPEAKING PRIOR TO MAINSTAGE SHOWS ON CORE TOPICS OR THEMES OF THE GIVEN PLAY; AND PRESENTED OUR EDUCATIONAL PROGRAMMING SUCH AS CLASSES FOR ADULTS ON ACTING, UNDERSTANDING SHAKESPEARE, AND PLAYWRITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Davis Artistic Dir | Officer | 40 | $45,000 |
David Ranii President | OfficerTrustee | 3 | $0 |
Slee Arnold Vice Preside | OfficerTrustee | 3 | $0 |
Deborah Keefe Treasurer | OfficerTrustee | 3 | $0 |
Paul Leone Secretary | OfficerTrustee | 3 | $0 |
Pamela Blizzard Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $159,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,122 |
| Total Program Service Revenue | $245,564 |
| Investment income | $370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,500 |
| 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 | $775,556 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $6,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,773 |
| Office expenses | $25,278 |
| Information technology | $6,502 |
| Royalties | $10,514 |
| Occupancy | $45,788 |
| Travel | $17,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,255 |
| Insurance | $17,698 |
| All other expenses | $60,691 |
| Total functional expenses | $719,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $258,327 |
| Accounts receivable, net | $5,469 |
| 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 | $1,445 |
| Net Land, buildings, and equipment | $551,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,049 |
| Total assets | $1,079,635 |
| Accounts payable and accrued expenses | $15,397 |
| Grants payable | $0 |
| Deferred revenue | $13,695 |
| 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 | $87,245 |
| Total liabilities | $116,337 |
| Net assets without donor restrictions | $667,866 |
| Net assets with donor restrictions | $295,432 |
| 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 | $1,079,635 |