Compass Theatre
- Assets
- $4.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-4236483
Organization Overview
Compass Theatre is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, 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. Compass Theatre 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 12/2022, Compass Theatre generated $39.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $54.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO DISCOVER THE UNDERSTANDING AND COMPASSION FOR OTHERS THROUGH CHALLENGING CONTEMPORARY STORYTELLING AND OPEN DISCUSSIONS. COMPASS THEATRE'S CORE ACTIVITIES ARE TWO-FOLD. FIRST, COMPASS PRESENTS CONTEMPORARY, CHALLENGING PLAYS THAT ILLUMINATE ASPECTS OF OUR SOCIAL OR POLITICAL CONDITION AND OUR HUMAN REACTIONS. SECONDLY, COMPASS THEATRE PRESENTS ROBUST POST-SHOW DISCUSSION PROGRAMMING WITH EACH PRODUCTION. OUR PRODUCTIONS ARE CREATED WITH CHICAGO'S DIVERSE ARTISTS. OUR POST-SHOW DISCUSSIONS ARE CAREFULLY CURATED AND FACILITATED BY A DIVERSE GROUP OF EXPERTS WHO CREATE AN OPEN ENVIRONMENT AND ENSURE CONTRIBUTION FROM A RANGE OF PERSPECTIVES. FUNDAMENTAL TO HUMAN CONNECTION IS THE ABILITY TO SEE, HEAR, UNDERSTAND, AND EMPATHIZE WITH EXPERIENCES DIFFERENT THAN OUR OWN. COMPASS THEATRE'S PRODUCTIONS AND POST-SHOW DISCUSSIONS WORK CONGRUENTLY TO FACILITATE HUMAN CONNECTION. DURING 2022, COMPASS THEATRE PUT ON A LIVE PRODUCTION OF WELLESLEY GIRL, WRITTEN BY PLAYWRIGHT BRENDAN PELSUE AND DIRECTED BY JAMES FLEMING. FORM 990-EZ, PART IV, COMPENSATION OF DIRECTORS:DURING THE CALENDAR YEAR 2022, THE ORGANIZATION COMPENSATED BOARD DIRECTORS DENISE HOEFLICH, TED JAMES AND CAILTIN BODY FOR THEIR ROLES IN THE PRODUCTION OF WELLESLEY GIRL, AND NOT SERVICES PROVIDED IN THEIR CAPACITY AS BOARD DIRECTORS. PAYMENTS WERE DETERMINED AT ARM'S LENGTH ON FAIR MARKET VALUE TERMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Hoeflich President/founder | 40 | $1,428 | |
Ted James Vice President/founder | 15 | $1,428 | |
Julie Levine Secretary | 15 | $0 | |
Lesa Rizzolo Treasurer/cfo | 15 | $0 | |
Caitlin Body Director | 15 | $1,769 | |
Jane Forester Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,000 |
| Total Program Service Revenue | $11,019 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,988 |
| Total Revenue | $39,007 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,832 |
| Professional fees and other payments to independent contractors | $4,805 |
| Occupancy, rent, utilities, and maintenance | $8,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,311 |
| Total expenses | $54,148 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,988 |
| Other assets | $0 |
| Total assets | $3,988 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,988 |