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Nonprofiteer
← RIVER AND RAIL THEATRE COMPANY

Form 990 for tax year 2024

Filed by RIVER AND RAIL THEATRE COMPANY.

Totals

Total revenue
$1,506,583
Total expenses
$951,242
Contributions and grants received
$87,575
Grants paid
$0
Program service revenue
$129,408
Investment income
$1,267,564
Other revenue
$22,036
Total assets, end of year
$2,302,442
Total liabilities, end of year
$2,089,431
Net assets or fund balances, end of year
$213,011
Program services expenses (Part IX)
$442,662
Management and general expenses
$359,102
Fundraising expenses
$149,478
Program service expenses (Part III)
$442,662

Program services were 46.5% 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.

  • 1f · All other contributions, gifts and grants

    $87,575

  • 2a · Program service revenue: THEATRE PRODUCTIONS

    total $75,137 · related or exempt $75,137

  • 2b · Program service revenue: OTHER REVENUES

    total $54,271 · related or exempt $54,271

  • 6a · Gross rents

    real property $22,036

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $22,036

  • 6d · Net rental income or loss

    total $22,036 · related or exempt $22,036

  • 7a · Gross sales of assets other than inventory

    other assets $2,130,000

  • 7b · Less cost or other basis and sales expenses

    other assets $862,436

  • 7c · Gain or loss

    other assets $1,267,564

  • 7d · Net gain or loss

    total $1,267,564 · related or exempt $1,267,564

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $402,536 · program services $156,967 · management and general $144,380 · fundraising $101,189

  • 9 · Other employee benefits

    total $12,476 · program services $4,866 · management and general $4,491 · fundraising $3,119

  • 10 · Payroll taxes

    total $20,099 · program services $7,839 · management and general $7,236 · fundraising $5,024

  • 11b · Fees: legal

    total $5,202 · management and general $5,202

  • 11c · Fees: accounting

    total $36,200 · management and general $36,200

  • 11g · Fees: other

    total $10,000 · management and general $10,000

  • 12 · Advertising and promotion

    total $34,205 · program services $25,654 · fundraising $8,551

  • 13 · Office expenses

    total $34,680 · management and general $34,680

  • 16 · Occupancy

    total $98,390 · program services $83,631 · management and general $9,839 · fundraising $4,920

  • 17 · Travel

    total $30,181 · management and general $30,181

  • 20 · Interest

    total $100,466 · program services $55,876 · management and general $41,304 · fundraising $3,286

  • 22 · Depreciation, depletion and amortization

    total $13,697 · program services $11,642 · management and general $1,370 · fundraising $685

  • 23 · Insurance

    total $8,944 · program services $7,602 · management and general $894 · fundraising $448

  • 24a · Other expenses: PRODUCTION COSTS

    total $85,018 · program services $85,018

  • 24b · Other expenses: FUNDRAISING EXPENSES

    total $22,047 · fundraising $22,047

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $21,743 · management and general $21,743

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,073 · management and general $5,073

  • 24e · All other expenses

    total $10,285 · program services $3,567 · management and general $6,509 · fundraising $209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,094 · end of year $247,262

  • 3 · Pledges and grants receivable

    beginning of year $433,248 · end of year $361,072

  • 5 · Loans and receivables from officers and key people

    end of year $2,000

  • 10a · Land, buildings and equipment: cost or other basis

    $1,766,907

  • 10b · Land, buildings and equipment: accumulated depreciation

    $74,799

  • 10c · Land, buildings and equipment, net

    beginning of year $786,884 · end of year $1,692,108

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,931 · end of year $12,210

  • 23 · Secured mortgages and notes payable

    beginning of year $1,567,625 · end of year $2,077,221

  • 27 · Net assets without donor restrictions

    beginning of year -$342,330 · end of year $213,011

Mission and programs · 2024

Mission

THROUGH THE POWER AND BEAUTY OF THEATRE, WE SEEK TO UNITE PEOPLE FROM ALL BACKGROUNDS TO EXPERIENCE AND PARTICIPATE IN STORIES THAT EMBODY OUR SHARED HUMANITY.

  • THEATRICAL PRODUCTIONS DURING MAINSTAGE 2024-2025 SEASON:-OUR TOWN BY THORNTON WILDER-IT'S A WONDERFUL LIFE: A LIVE RADIO PLAY ADAPTED BY JOE LANDRY -LADY DAY AT EMERSON'S BAR AND GRILL BY LANIE ROBERTSON -STUCK ELEVATOR BY BYRON AU YONG AND AARON JAFFERISEDUCATIONAL PROGRAMMING:RIVER & RAIL ENGAGED IN EDUCATIONAL PROGRAMS WITH MANY KNOXVILLE AREA PARTNERS INCLUDING PELLISSIPPI STATE COMMUNITY COLLEGE, L&N STEM ACADEMY, AND TN ACHIEVES, EXPOSING YOUNG PEOPLE TO PROFESSIONAL PERFORMING ARTS WORKING ENVIRONMENTS.

    Expenses $442,662 · Revenue $75,137

As filed on the 2024 return.

Listed in Part VII

  • Joshua Peterson

    FOUNDING ARTISTIC DIRECTOR

    Total calculated
    $101,176
    From this org
    $101,176
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tyler Hays

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • David Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Kenneth Herring

    DIRECTOR

    Total calculated
    $97,491
    From this org
    $97,491
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Harrison Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Robert Parker Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Deaver Shattuck

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Amber Crane

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Katy Wolfe

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

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
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202611339349302941

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