Form 990 for tax year 2023

Filed by INDIANA REPERTORY THEATRE INC.

Totals

Total revenue: $10,007,968
Total expenses: $7,759,960
Contributions and grants received: $5,915,403
Grants paid: $0
Program service revenue: $2,518,044
Investment income: $1,360,678
Other revenue: $213,843
Total assets, end of year: $42,074,509
Total liabilities, end of year: $1,028,491
Net assets or fund balances, end of year: $41,046,018
Program services expenses (Part IX): $6,012,234
Management and general expenses: $1,092,823
Fundraising expenses: $654,903
Program service expenses (Part III): $6,024,291

Program services were 77.5% 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

$183,662
1e · Government grants (contributions)

$85,000
1f · All other contributions, gifts and grants

$5,646,741
1g · Noncash contributions included above

$164,530
2a · Program service revenue: Ticket Sales

total $2,315,394 · related or exempt $2,315,394
2b · Program service revenue: Other Production Revenue

total $47,840 · related or exempt $47,840
2c · Program service revenue: Box Office Handling Fee

total $86,190 · related or exempt $86,190
2d · Program service revenue: Acting Classes and Education

total $68,620 · related or exempt $68,620
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $682,995 · excluded $682,995
6a · Gross rents

real property $5,762
6c · Rental income or loss

real property $5,762 · personal property $0
6d · Net rental income or loss

total $5,762 · excluded $5,762
7a · Gross sales of assets other than inventory

securities $5,254,678
7b · Less cost or other basis and sales expenses

securities $4,576,995
7c · Gain or loss

securities $677,683 · other assets $0
7d · Net gain or loss

total $677,683 · excluded $677,683
8a · Fundraising events: gross income

$52,225
8a · Fundraising events: contributions included on line 1c

$183,662
8b · Fundraising events: direct expenses

$42,453
8c · Net income from fundraising events

total $9,772 · excluded $9,772
10a · Gross sales of inventory

$563
10b · Cost of goods sold

$782
10c · Net income from sales of inventory

total -$219 · related or exempt -$219
11a · Other revenue: Concession Revenue

total $173,687 · related or exempt $173,687
11b · Other revenue: Program Advertising

total $7,375 · unrelated business $7,375
11c · Other revenue: COSTUME/PROP RENTAL

total $1,440 · related or exempt $1,440
11d · All other revenue

total $16,026 · related or exempt $16,026 · unrelated business $0 · excluded $0
11e · Other revenue, total

$198,528

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $417,874 · program services $188,365 · management and general $155,380 · fundraising $74,129
6 · Compensation of disqualified persons

total $102 · program services $102
7 · Other salaries and wages

total $3,392,208 · program services $2,732,533 · management and general $301,734 · fundraising $357,941
8 · Pension plan contributions

total $168,266 · program services $160,488 · management and general $4,918 · fundraising $2,860
9 · Other employee benefits

total $334,407 · program services $257,086 · management and general $63,761 · fundraising $13,560
10 · Payroll taxes

total $276,631 · program services $214,194 · management and general $35,971 · fundraising $26,466
11b · Fees: legal

total $25,992 · management and general $25,992
11c · Fees: accounting

total $185,878 · program services $81,527 · management and general $96,503 · fundraising $7,848
11f · Fees: investment management

total $93,279 · management and general $93,279
11g · Fees: other

total $478,113 · program services $339,080 · management and general $122,578 · fundraising $16,455
12 · Advertising and promotion

total $184,904 · program services $181,040 · fundraising $3,864
13 · Office expenses

total $295,545 · program services $255,579 · management and general $31,201 · fundraising $8,765
15 · Royalties

total $170,254 · program services $170,254
16 · Occupancy

total $917,978 · program services $772,667 · management and general $89,987 · fundraising $55,324
22 · Depreciation, depletion and amortization

total $351,455 · program services $308,554 · management and general $19,801 · fundraising $23,100
23 · Insurance

total $90,443 · program services $59,929 · management and general $25,245 · fundraising $5,269
24a · Other expenses: Production Materials

total $180,853 · program services $180,853
24b · Other expenses: Hospitality

total $143,656 · program services $71,359 · management and general $14,552 · fundraising $57,745
24c · Other expenses: Dues & Subscriptions

total $46,352 · program services $15,152 · management and general $29,823 · fundraising $1,377
24d · Other expenses: Auditions

total $14,572 · program services $14,572
24e · All other expenses

total -$8,802 · program services $8,900 · management and general -$17,902 · fundraising $200

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,101 · end of year $4,001
2 · Savings and temporary cash investments

beginning of year $4,162,340 · end of year $3,590,986
3 · Pledges and grants receivable

beginning of year $2,660,802 · end of year $2,091,101
4 · Accounts receivable

beginning of year $446,687 · end of year $25,677
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $43,331 · end of year $43,331
9 · Prepaid expenses and deferred charges

beginning of year $124,473 · end of year $135,736
10a · Land, buildings and equipment: cost or other basis

$14,225,032
10b · Land, buildings and equipment: accumulated depreciation

$12,256,399
10c · Land, buildings and equipment, net

beginning of year $1,709,840 · end of year $1,968,633
11 · Investments: publicly traded securities

beginning of year $20,137,194 · end of year $22,576,207
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $7,867,714 · end of year $11,638,837
17 · Accounts payable and accrued expenses

beginning of year $177,459 · end of year $128,305
19 · Deferred revenue

beginning of year $883,631 · end of year $900,186
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $5,572,866 · end of year $5,252,645
28 · Net assets with donor restrictions

beginning of year $30,521,526 · end of year $35,793,373

Mission and programs · 2023

Mission

Rooted in the heart of Indiana, Indiana Repertory Theatre is committed to building a vital, vibrant, and informed community through the transformational power of live theatre. The Indiana Repertory Theatre produces inclusive, top-quality, professional theatre and community programming to engage, surprise, challenge and entertain members of the whole community.

Activities or mission (Part I)

Rooted in the heart of Indiana, Indiana Repertory Theatre is committed to building a vital, vibrant, and informed community through the transformational power of live theatre. The IRT produces inclusive, top-quality, professional theatre and community programming to engage, surprise, challenge, and entertain members of the whole community.

Withheld by Nonprofiteer: this text may name a private individual.

Expenses $6,024,291 · Revenue $2,708,978

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Andrew Michie

Chair

Total calculated

$0

Hours/week

1
Jill Lacy

Vice-Chair

Total calculated

$0

Hours/week

1
Joy KleinMaier

Treasurer

Total calculated

$0

Hours/week

1
Julian Harrell

Secretary

Total calculated

$0

Hours/week

1
Mark Shaffer

Past Chair

Total calculated

$0

Hours/week

1
Alan Mills

Board Member

Total calculated

$0

Hours/week

1
Ashley Garry

Board Member

Total calculated

$0

Hours/week

1
Brenda Horn

Board Member

Total calculated

$0

Hours/week

1
Brian Payne

Board Member

Total calculated

$0

Hours/week

1
Brooke Dunn

Board Member

Total calculated

$0

Hours/week

1
Daniel Emerson

Board Member

Total calculated

$0

Hours/week

1
Darshan Shah

Board Member

Total calculated

$0

Hours/week

1
Elisha Modisett Kemp

Board Member

Total calculated

$0

Hours/week

1
Kathryn Beiser

Board Member

Total calculated

$0

Hours/week

1
Kathy G Cabello

Board Member

Total calculated

$0

Hours/week

1
Lauren James

Board Member

Total calculated

$0

Hours/week

1
Laurie Dippold

Board Member

Total calculated

$0

Hours/week

1
Michael N Heaton

Board Member

Total calculated

$0

Hours/week

1
Michael P Dinius

Board Member

Total calculated

$0

Hours/week

1
Myra Selby

Board Member

Total calculated

$0

Hours/week

1
Nicholas C Pappas

Board Member

Total calculated

$0

Hours/week

1
Patricia Gamble-Moore

Board Member

Total calculated

$0

Hours/week

1
Peter N Reist

Board Member

Total calculated

$0

Hours/week

1
Peter Racher

Board Member

Total calculated

$0

Hours/week

1
Ricardo L Guimaraes

Board Member

Total calculated

$0

Hours/week

1
Rita Patel

Board Member

Total calculated

$0

Hours/week

1
Ron Gifford

Board Member

Total calculated

$0

Hours/week

1
Shelly Smith

Board Member

Total calculated

$0

Hours/week

1
Sue Smith

Board Member

Total calculated

$0

Hours/week

1
Susan Ringo

Board Member

Total calculated

$0

Hours/week

1
Tammara Porter Avant

Board Member

Total calculated

$0

Hours/week

1
Tom Froehle

Board Member

Total calculated

$0

Hours/week

1
Troy D Farmer

Board Member

Total calculated

$0

Hours/week

1
Benjamin Hanna

Artistic Director

Total calculated

$183,280

From this org

$160,920

From related orgs

$0

Other

$22,360

Hours/week

40

Schedule J breakdown matched by us

Base

$155,315

Bonus

$5,000

Other

$605

Deferred

$1,587

Nontaxable benefits

$20,773

Filer's total

$183,280
Suzanne C Sweeney

Managing Director

Total calculated

$225,131

From this org

$203,373

From related orgs

$0

Other

$21,758

Hours/week

40

Schedule J breakdown matched by us

Base

$192,002

Bonus

$10,000

Other

$1,371

Deferred

$2,060

Nontaxable benefits

$19,698

Filer's total

$225,131
Janet Allen

Former Artistic Director

Total calculated

$131,858

From this org

$108,287

From related orgs

$0

Other

$23,571

Hours/week

40

Schedule J breakdown matched by us

Base

$107,521

Bonus

$0

Other

$766

Deferred

$1,165

Nontaxable benefits

$22,406

Filer's total

$131,858

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Health or social club dues or initiation fees
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Form 990 of other organizations
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees: The IRT provides as a benefit to all full-time employees an allowance of up to $10 monthly towards a YMCA membership. The Artistic Director and Managing Director both participate in this program. This benefit was recorded as taxable to all employees.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 May 2025
IRS schema version: 2023v6.0
Source object: 202511329349303841

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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