Circle Theatre Inc
- Assets
- $939.9k
- Revenue
- $772.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 75-1777222
Organization Overview
Circle Theatre Inc is located in Fort Worth, TX. The organization was established in 1982. 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. Circle 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 12/2021, Circle Theatre Inc generated $772.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $439.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 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
THEATRICAL ARTS ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS THEATRICAL PRODUCTIONS/PERFORMANCES SERVING OVER 10,000 PATRONS.
ADMINISTRATION OF THE LOCAL AEA ACTORS UMBRELLA WHICH ALLOWS NON-AEA THEATRES TO USE AEA ACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Long Executive Director | Officer | 40 | $71,000 |
Ashleigh Herron Vice President | OfficerTrustee | 0 | $0 |
Shey Thompson Secretary | OfficerTrustee | 0 | $0 |
Barbara Wyatt President | OfficerTrustee | 0 | $0 |
Kawana Moore Treasurer | OfficerTrustee | 0 | $0 |
Lauren Albrecht Director | Trustee | 0 | $0 |
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 | $560,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,286 |
| Total Program Service Revenue | $212,286 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $772,597 |
| 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. | $71,000 |
| Compensation of current officers, directors, key employees. | $35,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,987 |
| Payroll taxes | $18,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,060 |
| Advertising and promotion | $2,969 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,789 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,249 |
| Insurance | $4,079 |
| All other expenses | $14,429 |
| Total functional expenses | $439,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,675 |
| Savings and temporary cash investments | $104,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $700 |
| 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 | $9,750 |
| Net Land, buildings, and equipment | $1,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,787 |
| Total assets | $939,911 |
| Accounts payable and accrued expenses | $753 |
| Grants payable | $0 |
| Deferred revenue | $50,685 |
| 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 | $72,836 |
| Other liabilities | $0 |
| Total liabilities | $124,274 |
| Net assets without donor restrictions | $626,151 |
| Net assets with donor restrictions | $189,486 |
| 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 | $939,911 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Circle Theatre Inc has recieved totaling $159,513.
| Awarding Organization | Amount |
|---|---|
Ann L Rhodes And Carol Greene Rhodes Charitable Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $120,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $25,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $14,297 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO ARTS & CULTURE | $79 |
Endowment Analysis
| Beg. Balance | $180,655 |
| Earnings | $18,856 |
| Other Expense | $10,025 |
| Ending Balance | $189,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alley Theatre Houston, TX | $99,755,068 | $20,544,932 |
Austin Theatre Alliance Austin, TX | $11,051,816 | $12,251,946 |
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Dallas Theater Center Dallas, TX | $4,686,048 | $4,047,540 |
Theatre Under The Stars Inc Houston, TX | $18,210,122 | $4,859,811 |
Zachary Scott Theater Center Austin, TX | $13,760,280 | $6,657,993 |
A D Players Houston, TX | $31,582,319 | $3,073,769 |
Creative Action Austin, TX | $3,479,965 | $2,986,946 |
Plano Childrens Theatre Plano, TX | $1,873,883 | $3,548,642 |
Main Street Theater Houston Houston, TX | $3,176,471 | $2,765,553 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
International Alliance Theatrical Stage Employees & Moving Picture New Orleans, LA | $12,003,795 | $3,171,295 |