Totals
- Total revenue
- $700,793
- Total expenses
- $756,472
- Contributions and grants received
- $341,750
- Grants paid
- $0
- Program service revenue
- $330,212
- Investment income
- $2,370
- Other revenue
- $26,461
- Total assets, end of year
- $1,074,581
- Total liabilities, end of year
- $166,962
- Net assets or fund balances, end of year
- $907,619
- Program services expenses (Part IX)
- $620,163
- Management and general expenses
- $131,899
- Fundraising expenses
- $4,410
- Program service expenses (Part III)
- $620,163
Program services were 82.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$34,083
-
1e · Government grants (contributions)
$135,670
-
1f · All other contributions, gifts and grants
$171,997
-
1g · Noncash contributions included above
$7,695
-
2a · Program service revenue: LONDON TOUR INCOME
total $155,218 · related or exempt $155,218
-
2b · Program service revenue: ADMISSIONS
total $102,351 · related or exempt $102,351
-
2c · Program service revenue: SEASON TICKETS
total $33,014 · related or exempt $33,014
-
2d · Program service revenue: EDUCATION OUTREACH
total $14,840 · related or exempt $14,840
-
2e · Program service revenue: CONSERVATORY INCOME
total $9,442 · related or exempt $9,442
-
2f · All other program service revenue
total $15,347 · related or exempt $15,347
-
3 · Investment income
total $2,370 · excluded $2,370
-
6a · Gross rents
real property $29,441
-
6c · Rental income or loss
real property $29,441
-
6d · Net rental income or loss
total $29,441 · excluded $29,441
-
8a · Fundraising events: gross income
$13,120
-
8a · Fundraising events: contributions included on line 1c
$34,083
-
8b · Fundraising events: direct expenses
$16,100
-
8c · Net income from fundraising events
total -$2,980 · excluded -$2,980
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $45,000 · program services $36,000 · management and general $6,750 · fundraising $2,250
-
10 · Payroll taxes
total $3,442 · program services $2,754 · management and general $516 · fundraising $172
-
11c · Fees: accounting
total $6,000 · management and general $6,000
-
12 · Advertising and promotion
total $29,323 · program services $23,458 · management and general $5,865
-
13 · Office expenses
total $28,931 · program services $16,855 · management and general $10,088 · fundraising $1,988
-
14 · Information technology
total $5,812 · program services $2,906 · management and general $2,906
-
15 · Royalties
total $855 · program services $855
-
16 · Occupancy
total $60,220 · program services $50,376 · management and general $9,844
-
17 · Travel
total $24,451 · program services $24,451
-
20 · Interest
total $2,776 · management and general $2,776
-
22 · Depreciation, depletion and amortization
total $56,716 · program services $45,373 · management and general $11,343
-
23 · Insurance
total $20,063 · management and general $20,063
-
24a · Other expenses: CONTRACT LABOR
total $243,624 · program services $219,262 · management and general $24,362
-
24b · Other expenses: LONDON TOUR EXPENSES
total $128,818 · program services $128,818
-
24c · Other expenses: PRODUCTION COSTS
total $55,915 · program services $55,915
-
24d · Other expenses: BANK AND CREDIT CARD CHAR
total $29,345 · management and general $29,345
-
24e · All other expenses
total $15,181 · program services $13,140 · management and general $2,041
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $177,630 · end of year $250,557
-
3 · Pledges and grants receivable
beginning of year $258,327 · end of year $222,890
-
4 · Accounts receivable
beginning of year $5,469 · end of year $1,468
-
9 · Prepaid expenses and deferred charges
beginning of year $1,445 · end of year $13,343
-
10a · Land, buildings and equipment: cost or other basis
$1,428,649
-
10b · Land, buildings and equipment: accumulated depreciation
$923,563
-
10c · Land, buildings and equipment, net
beginning of year $551,715 · end of year $505,086
-
15 · Other assets
beginning of year $85,049 · end of year $81,237
-
17 · Accounts payable and accrued expenses
beginning of year $15,397 · end of year $31,588
-
19 · Deferred revenue
beginning of year $13,695 · end of year $49,744
-
25 · Other liabilities
beginning of year $87,245 · end of year $85,630
-
27 · Net assets without donor restrictions
beginning of year $667,866 · end of year $669,048
-
28 · Net assets with donor restrictions
beginning of year $295,432 · end of year $238,571
Mission and programs · 2023
Mission
TO PRODUCE LITERATE, VISCERAL, AFFECTING THEATER WORKS THAT FAVOR NEGLECTED CLASSIC, MODERN CLASSIC, AND NEW PLAYS OF SERIOUS THEMES.
-
THE ORGANIZATION PRODUCES NEW PLAYS AND INNOVATIVE VERSIONS OF CLASSICS. DURING THE YEAR THE ORGANIZATION PRODUCED FIVE MAINSTAGE PERFORMANCES; PRODUCED OUR "SECOND STAGE" SERIES OF CHALLENGING WORKS PRESENTED IN COLLABORATION WITH EMERGING ARTISTS; PRODUCED OUR NEW WORKS SERIES OF STAGED READINGS BY NORTH CAROLINA WRITERS; PRODUCED OUR HISTORY PLAYS, DRAWN FROM RALEIGH'S MULTIFACETED PAST (INCLUDING PERFORMANCES IN OAKWOOD CEMETERY, THE MORDECAI HOUSE, AND ON HISTORIC FAYETTEVILLE STREET); DELIVERED OUR LOBBY LECTURE SERIES, WHICH PRESENTS EXPERTS SPEAKING PRIOR TO MAINSTAGE SHOWS ON CORE TOPICS OR THEMES OF THE GIVEN PLAY; AND PRESENTED OUR EDUCATIONAL PROGRAMMING SUCH AS CLASSES FOR ADULTS ON ACTING, UNDERSTANDING SHAKESPEARE, AND PLAYWRITING.
Expenses $620,163 · Revenue $330,212
As filed on the 2023 return.
Listed in Part VII
-
JEROME DAVIS
ARTISTIC DIR
- Total calculated
- $45,000
- From this org
- $45,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
DAVID RANII
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
SLEE ARNOLD
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 3
-
DEBORAH KEEFE
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
PAUL LEONE
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
PAMELA BLIZZARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GRACE GREGSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CARI GRINDEM-CORBETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SIMMIE KASTNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JORDAN LICHTENHELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ELAINE QUAGLIATA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GUSTAVO SCHMIDT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GWYNN SWINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CECILIA ZUVIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403059349301920
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