Theatrical Outfit Inc
- Assets
- $6.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 36
- Location
- Atlanta, GA
- Founding
- 06/1977
- Data as of
- 06/2022
- EIN
- 58-1524285
Organization Overview
Theatrical Outfit Inc is located in Atlanta, GA. The organization was established in 1977. 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, Theatrical Outfit Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatrical Outfit 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 06/2022, Theatrical Outfit Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THEATRICAL OUTFIT, ATLANTA'S DOWNTOWN THEATRE, MISSION IS TO PRODUCE WORLD-CLASS THEATRE THAT STARTS THE CONVERSATIONS THAT MATTER. OUR VISION IS A COMPASSIONATE COMMUNITY GROUNDED IN DIGNITY, JUSTICE, AND EQUITY.WE CREATE THEATRE WITH A PURPOSE; OUR WORK HAS THE POWER TO DEEPEN CONNECTIONS, PROMOTE UNDERSTANDING, AND SERVE AS A CATALYST FOR CHANGE.WE INVEST IN ATLANTA; BY CREATING A HOME FOR ARTISTS IN ATLANTA AND INVESTING IN MEANINGFUL RELATIONSHIPS WITH OUR COMMUNITY, WE HELP BUILD A BRIGHTER FUTURE FOR OUR CITY.WE LIVE OUR VALUES; INCLUSION AND A SENSE OF BELONGING ARE PART OF WHO WE ARE AND CENTRAL TO HOW WE WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATRICAL OUTFIT PRODUCES STAGE PERFORMANCES AND PROVIDES EDUCATIONAL PROGRAMS FOR ASPIRING THEATRE ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Henn Board Chair | OfficerTrustee | 1 | $0 |
Scott C Bryan Treasurer | OfficerTrustee | 1 | $0 |
Arthur H Mazor Secretary | OfficerTrustee | 1 | $0 |
John B Knott Chair-Elect | OfficerTrustee | 1 | $0 |
Wm Edward Laity Immediate Past Chair | Trustee | 1 | $0 |
Ricardo I Corporan Chair-Hr Committee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $861,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $965,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,827,226 |
| Total Program Service Revenue | $217,413 |
| Investment income | $18,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,874 |
| Net Gain/Loss on Asset Sales | -$7,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,078,205 |
| 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. | $66,189 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $841,117 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,963 |
| Payroll taxes | $47,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,633 |
| Fees for services: Other | $35,640 |
| Advertising and promotion | $92,053 |
| Office expenses | $17,188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,789 |
| Insurance | $13,768 |
| All other expenses | $0 |
| Total functional expenses | $1,541,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,126,985 |
| Savings and temporary cash investments | $1,179,592 |
| Pledges and grants receivable | $420,860 |
| 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 | $10,366 |
| Net Land, buildings, and equipment | $3,670,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $479,469 |
| Total assets | $6,888,190 |
| Accounts payable and accrued expenses | $28,960 |
| Grants payable | $0 |
| Deferred revenue | $42,518 |
| 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 | $256,568 |
| Total liabilities | $328,046 |
| Net assets without donor restrictions | $3,676,859 |
| Net assets with donor restrictions | $2,883,285 |
| 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 | $6,888,190 |