Co Lab Theater Group Inc
- Assets
- $724.7k
- Revenue
- $876.9k
- Investments
- $0.0
- Employees
- 40
- Location
- New York, NY
- Founding
- 10/2012
- Data as of
- 06/2023
- EIN
- 80-0742652
Organization Overview
Co Lab Theater Group Inc is located in New York, NY. The organization was established in 2012. 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 06/2023, Co Lab Theater Group Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Lab Theater Group 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, Co Lab Theater Group Inc generated $876.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $805.1k during the year ending 06/2023. While expenses have increased by 24.4% 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 PROVIDE INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES A CREATIVE AND SOCIAL OUTLET THROUGH THEATER ARTS. ROUGHLY 200 INDIVIDUALS ARE REACHED PER YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CO/LAB CORE:THIS PROGRAM INCLUDES AN OFFERING WEEKLY CLASSES, INTRODUCTORY WORKSHOPS, AND SKILL BUILDING WORKSHOPS. ALL OF CO/LAB'S WEEKLY CLASSES ARE FREE FOR ACTORS AND THEIR FAMILIES. CLASS TOPICS INCLUDE ENSEMBLE THEATER, MUSICAL THEATER, COMEDY, AND PUPPETRY. THESE CLASSES CULMINATE IN THREE FULLY-STAGED PRODUCTIONS EACH YEAR AND ARE OFFERED TO BETWEEN 12 AND 15 ACTORS PER CLASS.
CO/LAB CONNECT:CO/LAB:CONNECT IS OUR COMMUNITY ENGAGEMENT AND PARTNERSHIP PROGRAM. THROUGH :CONNECT, CO/LAB WORKS WITH PARTNER ORGANIZATIONS TO BRING OUR PROGRAMS OUTSIDE OF THE CO/LAB CLASSROOM. THIS INCLUDES ONE-DAY WORKSHOPS, MULTI-WEEK RESIDENCIES, PUBLIC EVENTS, AND MORE.
CO/LAB LEADERS: IN ITS FIRST TWO SEASONS, THE CO/LAB:LEADERS TRAINED ADULT CO/LAB ACTORS TO BE CAMP COUNSELORS FOR CAMP BLUELAB, A TWO-WEEK SUMMER PROGRAM FOR YOUNG ACTORS DEVELOPED WITH BLUELACES THEATER COMPANY. THESE YOUTH ACTORS WITH DISABILITIES WERE ABLE TO SEE, WORK WITH, AND LEARN FROM OUR ADULT ACTORS WITH DISABILITIES. SINCE THEN, THE PROGRAM HAS EXPANDED TO INCLUDE MORE OPPORTUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Leifman Executive Director | Officer | 40 | $74,354 |
Keith Zar Chair | OfficerTrustee | 4 | $0 |
Christopher Tusciuk Director | Trustee | 1 | $0 |
Daniel Soleimani Director | Trustee | 1 | $0 |
Kyle Wright Director | Trustee | 1 | $0 |
Jennifer O'neil Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $264,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $547,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $812,283 |
| Total Program Service Revenue | $47,105 |
| Investment income | $1,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $459 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $876,860 |
| 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. | $81,675 |
| Compensation of current officers, directors, key employees. | $79,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,515 |
| Payroll taxes | $49,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,795 |
| Advertising and promotion | $0 |
| Office expenses | $21,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,186 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,377 |
| Insurance | $8,422 |
| All other expenses | $0 |
| Total functional expenses | $805,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $286,036 |
| 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 | $948 |
| Prepaid expenses and deferred charges | $2,153 |
| Net Land, buildings, and equipment | $3,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,827 |
| Total assets | $724,695 |
| Accounts payable and accrued expenses | $26,039 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,926 |
| Total liabilities | $29,965 |
| Net assets without donor restrictions | $395,048 |
| Net assets with donor restrictions | $299,682 |
| 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 | $724,695 |