Asheville Community Theatre Inc
- Assets
- $2.8m
- Revenue
- $769.5k
- Investments
- $0.0
- Employees
- 30
- Location
- Asheville, NC
- Founding
- 07/1997
- Data as of
- 08/2021
- EIN
- 56-6002669
Organization Overview
Asheville Community Theatre Inc is located in Asheville, NC. The organization was established in 1997. 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 08/2021, Asheville Community Theatre Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville Community Theatre 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 08/2021, Asheville Community Theatre Inc generated $769.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $458.8k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ENTERTAINMENT, ENRICHMENT AND EDUCATION THROUGH THE PRACTICE AND CELEBRATION OF THE THEATRE ARTS. OUR VISION IS FOR THE THEATRE TO BE AN INTEGRAL PART OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN MARCH OF 2020, WE CONSCIOUSLY SHRANK TO 25% OF OUR FORMER SIZE TO PROTECT ACT FOR THE FUTURE. FROM A FULL AND PART TIME STAFF WORKING 400+ HOURS PER WEEK, ACT SHRANK TO 9 STAFF MEMBERS WORKING FEWER THAN 90 HOURS PER WEEK. WE HAVE TRIED NEW THINGS AND FOUND NEW WAYS TO CONNECT WITH OUR COMMUNITY. FOR EXAMPLE, IN APRIL 2020, WE BEGAN ONLINE PROGRAMMING THAT INCLUDED "ACT READS" WHERE ACTORS FROM OUR COMMUNITY READ STORYBOOKS FOR CHILDREN ON ZOOM (VIEWED BY OVER 5,800 PEOPLE) AND "FACE WITH A NAME" WHERE WE INTERVIEWED VOLUNTEERS AND STAFF TO GIVE OUR AUDIENCE A BETTER IDEA OF WHO MAKES UP THE ACT FAMILY (VIEWED BY OVER 8,200 PEOPLE).
HERE ARE JUST A FEW MORE EXAMPLES OF OUR WORK THROUGHOUT THE PANDEMIC SHUTDOWN: SIXTY-TWO ONLINE CLASSES WHICH HAVE ENGAGED 667 CHILDREN AND ADULTS. IN OCTOBER 2020, WE BEGAN OFFERING SMALL, IN- PERSON, SOCIALLY-DISTANCED AND MASKED CLASSES FOR YOUTH, AND ALL CLASSES HAVE REACHED CAPACITY WITH 12-15 STUDENTS IN EACH SESSION. STREAMED AND VIDEO ON DEMAND PRODUCTIONS OF SHOWS LIKE TRANSITION (A NEW PLAY BY A LOCAL PLAYWRIGHT WHICH HAD BEEN SLATED FOR DEBUT IN OUR SPACE IN 2020) AND LITTLE WOMEN (A PLAY THAT HAD BEEN MERE WEEKS AWAY FROM OPENING WHEN WE HAD TO SHUT OUR DOORS. COLLECTIVELY THESE PRODUCTIONS SOLD OVER 2,500 "TICKETS" EACH.
WE ALSO SPONSORED: "COSTUME QUESTX AND "#ACTHAPPYHOUR". FURTHER, WE LAUNCHED A DIVERSITY, EQUITY, AND INCLUSION (DEI) COMMITTEE WHICH WILL BE OUR MAIN FOCUS FOR THE UPCOMING YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Harper Executive Director | Officer | 40 | $37,273 |
Elizabeth Huddleston President | OfficerTrustee | 2 | $0 |
Craig Justus Vice-President | OfficerTrustee | 0.5 | $0 |
Lanita Cloninger Secretary | OfficerTrustee | 1 | $0 |
Steve Bennett Treasurer | OfficerTrustee | 1.25 | $0 |
Murphy Funkhouser Capps Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,138 |
| Related organizations | $0 |
| Government grants | $411,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $684,154 |
| Total Program Service Revenue | $77,562 |
| Investment income | $1,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,483 |
| Net Gain/Loss on Asset Sales | $4,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $423 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $769,523 |
| 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. | $25,309 |
| Compensation of current officers, directors, key employees. | $5,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,842 |
| Pension plan accruals and contributions | $3,301 |
| Other employee benefits | $11,554 |
| Payroll taxes | $13,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,371 |
| Fees for services: Other | $2,665 |
| Advertising and promotion | $3,975 |
| Office expenses | $7,665 |
| Information technology | $7,099 |
| Royalties | $0 |
| Occupancy | $40,660 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,386 |
| Insurance | $14,803 |
| All other expenses | $4,747 |
| Total functional expenses | $458,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,656 |
| Savings and temporary cash investments | $323,346 |
| Pledges and grants receivable | $91,167 |
| Accounts receivable, net | $5,499 |
| 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 | $22,542 |
| Net Land, buildings, and equipment | $1,575,680 |
| Investments—publicly traded securities | $298,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,263 |
| Total assets | $2,784,944 |
| Accounts payable and accrued expenses | $19,642 |
| Grants payable | $0 |
| Deferred revenue | $23,044 |
| 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 | $161,885 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $204,571 |
| Net assets without donor restrictions | $1,919,574 |
| Net assets with donor restrictions | $660,799 |
| 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 | $2,784,944 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Asheville Community Theatre Inc has recieved totaling $60,255.
| Awarding Organization | Amount |
|---|---|
Robert And Mercedes Eichholz Foundation Brooklyn, NY PURPOSE: GENERAL | $20,000 |
Teel Family Foundation Wilmington, DE PURPOSE: DIVERSITY, EQUITY, AND INCLUSION WORK | $15,000 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $13,500 |
Frances And William H Beattie Foundation Reno, NV PURPOSE: GENERAL SUPPORT | $5,000 |
Perkins Charitable Foundation Cleveland, OH PURPOSE: PHILANTHROPIC PURPOSES. | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $142,352 |
| Earnings | $37,638 |
| Admin Expense | $1,947 |
| Other Expense | $12,780 |
| Ending Balance | $165,263 |
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 |