Red Mountain Theatre Company Inc
- Assets
- $36.0m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 45
- Location
- Birmingham, AL
- Founding
- 06/1992
- Data as of
- 08/2022
- EIN
- 58-1994417
Organization Overview
Red Mountain Theatre Company Inc is located in Birmingham, AL. The organization was established in 1992. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Red Mountain Theatre Company Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Mountain Theatre Company 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 08/2022, Red Mountain Theatre Company Inc generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $6.1m during the year ending 08/2022. While expenses have increased by 8.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY MUSICAL SHOWS AND THEATER ARTS EDUCATIONAL OPPORTUNITIES TO ASPIRING YOUNG ARTISITS. UTILIZING PROFESSIONAL TALENT, BOTH LOCAL AND NATIONAL, ASPIRING YOUNG PERFORMERS ARE NUTURED THROUGH THE PRODUCTION OF MUSICAL SHOWS AND WORKSHOPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES UNIQUE, EDUCATIONAL TRAINING AND PERFORMING OPPORTUNITIES FOR ASPIRING AND CULTURALLY DIVERSE ARTISTS, WHILE GROWING NEW AND EXISTING AUDIENCES THROUGH QUALITY THEATRICAL EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Cromwell Executive Director | Officer | 40 | $235,438 |
Jennifer Jacquess Managing Director | Officer | 40 | $112,733 |
Ree Segars Former CFO | Officer | 30 | $101,512 |
Lajuana Bradford President - Elect | OfficerTrustee | 1 | $0 |
Kam Patton Secretary | OfficerTrustee | 1 | $0 |
Scott Kappler VP Of Marketing | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mullins Building Products Construction Expenses | 8/30/21 | $368,682 |
Mainstage Theatrical Supply Construction Expenses | 8/30/21 | $654,805 |
Mayer Electric Construction Expenses | 8/30/21 | $494,962 |
Brasfield And Gorrie Construction Expenses | 8/30/21 | $7,669,958 |
Live Design Architect Fee | 8/30/21 | $236,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,650,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,650,235 |
| Total Program Service Revenue | $1,982,310 |
| Investment income | $700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $181,796 |
| 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 | $9,815,041 |
| 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. | $456,003 |
| Compensation of current officers, directors, key employees. | $41,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,434,171 |
| Pension plan accruals and contributions | $21,144 |
| Other employee benefits | $152,548 |
| Payroll taxes | $156,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,003 |
| Advertising and promotion | $106,677 |
| Office expenses | $40,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,518 |
| Travel | $16,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,510 |
| Interest | $130,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $701,073 |
| Insurance | $212,573 |
| All other expenses | $327,943 |
| Total functional expenses | $6,067,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,345,540 |
| Savings and temporary cash investments | $833,851 |
| Pledges and grants receivable | $4,201,852 |
| Accounts receivable, net | $50,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,805 |
| Prepaid expenses and deferred charges | $148,366 |
| Net Land, buildings, and equipment | $28,467,044 |
| Investments—publicly traded securities | $587,643 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,403 |
| Total assets | $35,964,987 |
| Accounts payable and accrued expenses | $210,070 |
| Grants payable | $0 |
| Deferred revenue | $828,642 |
| 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 | $4,529,699 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $299,311 |
| Total liabilities | $5,867,722 |
| Net assets without donor restrictions | $24,691,622 |
| Net assets with donor restrictions | $5,405,643 |
| 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 | $35,964,987 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Red Mountain Theatre Company Inc has recieved totaling $1,244,413.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT + SPECIAL PROGRAMS | $372,300 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $318,333 |
Hugh Kaul Foundation Tr 09-12-89 25-6733-00-7 Birmingham, AL PURPOSE: GENERAL OPERATING | $200,000 |
Robert R Meyer Foundation Birmingham, AL PURPOSE: GENERAL OPERATING | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $66,050 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $52,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Sunfest Of Palm Beach County Inc West Palm Beach, FL | $4,618,785 | $9,247,080 |
Red Mountain Theatre Company Inc Birmingham, AL | $35,964,987 | $9,815,041 |
Womans Exchange Inc Of Sarasota Sarasota, FL | $4,624,153 | $4,393,353 |
Westcoast Black Theatre Troupe Of Florida Inc Sarasota, FL | $12,672,008 | $4,333,554 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Barrier Island Group For The Arts Sanibel, FL | $11,337,341 | $3,470,715 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |
Milagro Foundation Inc Delray Beach, FL | $1,748,813 | $1,736,017 |
Atlanta Music Project Inc Atlanta, GA | $5,585,624 | $4,188,962 |
International Fringe Festival Of Central Florida Inc Orlando, FL | $864,625 | $1,737,536 |