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Nonprofiteer
← ACTORS THEATRE OF LOUISVILLE INC

Form 990 for tax year 2023

Filed by ACTORS THEATRE OF LOUISVILLE INC.

Totals

Total revenue
$6,330,292
Total expenses
$4,733,487
Contributions and grants received
$3,047,188
Grants paid
$0
Program service revenue
$156,480
Investment income
$3,040,245
Other revenue
$86,379
Total assets, end of year
$25,376,761
Total liabilities, end of year
$816,848
Net assets or fund balances, end of year
$24,559,913
Program services expenses (Part IX)
$3,925,281
Management and general expenses
$749,111
Fundraising expenses
$59,095
Program service expenses (Part III)
$3,925,281

Program services were 82.9% 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.

  • 1e · Government grants (contributions)

    $46,648

  • 1f · All other contributions, gifts and grants

    $3,000,540

  • 2a · Program service revenue: TICKET SALES

    total $133,661 · related or exempt $133,661

  • 2b · Program service revenue: TICKET FEES

    total $17,584 · related or exempt $17,584

  • 2c · Program service revenue: EDUCATION PROGRAM REVENUE

    total $4,200 · related or exempt $4,200

  • 2d · Program service revenue: SUBSCRIPTION REVENUE

    total $1,035 · related or exempt $1,035

  • 3 · Investment income

    total $301,313 · excluded $301,313

  • 5 · Royalties

    total $20 · excluded $20

  • 6a · Gross rents

    real property $201,144

  • 6b · Less rental expenses

    real property $165,754

  • 6c · Rental income or loss

    real property $35,390

  • 6d · Net rental income or loss

    total $35,390 · excluded $35,390

  • 7a · Gross sales of assets other than inventory

    other assets $2,891,955

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

    securities $96,377 · other assets $56,646

  • 7c · Gain or loss

    securities -$96,377 · other assets $2,835,309

  • 7d · Net gain or loss

    total $2,738,932 · excluded $2,738,932

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $50,870 · related or exempt $50,870

  • 11b · Other revenue: AUXILLARY OPERATIONS

    total $99 · related or exempt $99

  • 11e · Other revenue, total

    $50,969

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $338,113 · program services $202,868 · management and general $92,865 · fundraising $42,380

  • 7 · Other salaries and wages

    total $1,800,770 · program services $1,574,730 · management and general $226,040

  • 8 · Pension plan contributions

    total $127,275 · program services $101,902 · management and general $25,373

  • 9 · Other employee benefits

    total $215,473 · program services $191,867 · management and general $23,606

  • 10 · Payroll taxes

    total $148,186 · program services $122,318 · management and general $25,868

  • 11b · Fees: legal

    total $15,964 · management and general $15,964

  • 11c · Fees: accounting

    total $34,840 · management and general $34,840

  • 11d · Fees: lobbying

    total $12,796 · fundraising $12,796

  • 11f · Fees: investment management

    total $46,560 · management and general $46,560

  • 11g · Fees: other

    total $194,103 · program services $162,907 · management and general $31,196

  • 12 · Advertising and promotion

    total $96,825 · program services $96,825

  • 13 · Office expenses

    total $63,616 · program services $14,917 · management and general $48,566 · fundraising $133

  • 14 · Information technology

    total $126,627 · program services $9,334 · management and general $117,293

  • 15 · Royalties

    total $4,180 · program services $4,180

  • 16 · Occupancy

    total $549,198 · program services $547,469 · management and general $1,729

  • 17 · Travel

    total $92,245 · program services $92,245

  • 22 · Depreciation, depletion and amortization

    total $406,699 · program services $371,671 · management and general $35,028

  • 23 · Insurance

    total $147,892 · program services $147,892

  • 24a · Other expenses: PRODUCTION EXPENSES

    total $147,021 · program services $147,021

  • 24b · Other expenses: GUEST ARTIST TRAVEL & H

    total $76,108 · program services $76,108

  • 24c · Other expenses: PUBLICATIONS, DUES & FE

    total $29,713 · program services $21,200 · management and general $6,945 · fundraising $1,568

  • 24d · Other expenses: CREDIT CARD FEES

    total $14,305 · management and general $14,305

  • 24e · All other expenses

    total $44,978 · program services $39,827 · management and general $2,933 · fundraising $2,218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $983,758 · end of year $747,357

  • 2 · Savings and temporary cash investments

    beginning of year $778,439 · end of year $5,557,177

  • 3 · Pledges and grants receivable

    beginning of year $294,279 · end of year $682,034

  • 4 · Accounts receivable

    beginning of year $43,656 · end of year $43,655

  • 8 · Inventories for sale or use

    beginning of year $17,586 · end of year $17,586

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,933 · end of year $103,285

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

    $23,031,637

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

    $16,846,208

  • 10c · Land, buildings and equipment, net

    beginning of year $6,217,309 · end of year $6,185,429

  • 11 · Investments: publicly traded securities

    beginning of year $12,501,014 · end of year $12,028,212

  • 12 · Investments: other securities

    beginning of year $12,026 · end of year $12,026

  • 15 · Other assets

    beginning of year $881,442 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $311,628 · end of year $325,458

  • 19 · Deferred revenue

    beginning of year $305,550 · end of year $368,049

  • 25 · Other liabilities

    beginning of year $1,043,227 · end of year $123,341

  • 27 · Net assets without donor restrictions

    beginning of year $9,594,886 · end of year $11,452,809

  • 28 · Net assets with donor restrictions

    beginning of year $10,568,151 · end of year $13,107,104

Mission and programs · 2023

Mission

ACTORS THEATRE UNLOCKS HUMAN POTENTIAL, BUILDS COMMUNITY AND ENRICHES QUALITY OF LIFE BY ENGAGING PEOPLE IN THEATRE THAT REFLECTS THE WONDER AND COMPLEXITY OF OUR TIME.

Activities or mission (Part I)

TO PROMOTE THE ADVANCEMENT OF THEATRICAL ARTS.

  • ACTORS THEATRE OF LOUISVILLE UNLOCKS HUMAN POTENTIAL, BUILDS COMMUNITY, AND ENRICHES QUALITY OF LIFE BY ENGAGING PEOPLE IN THEATRE THAT REFLECTS THE WONDER AND COMPLEXITY OF OUR TIME. ACTORS THEATRE OF LOUISVILLE WAS FORMED IN 1964 WITH THE MERGING OF ACTORS, INC. AND THEATRE LOUISVILLE. THE THEATRE ESTABLISHED A COMPLEX IN THE ORIGINAL BANK OF LOUISVILLE BUILDING (THE THIRD-OLDEST BUILDING STILL STANDING IN DOWNTOWN LOUISVILLE), AND STILL OCCUPIES THIS BUILDING WITH THREE FULLY OPERATING THEATRE VENUES.THROUGHOUT ITS HISTORY, ACTORS THEATRE OF LOUISVILLE HAS LED THE WAY IN ARTISTIC INNOVATION AND EXPRESSION, WHICH HAS RESULTED IN THE THEATRE RECEIVING THE THREE MOST PRESTIGIOUS AWARDS GIVEN TO REGIONAL THEATRES: THE MARGO JONES AWARD, THE SHUBERT FOUNDATION'S JAMES N. VAUGHAN MEMORIAL AWARD, AND A TONY AWARD. ACTORS THEATRE OF LOUISVILLE SERVES RESIDENTS ACROSS LOUISVILLE AND KENTUCKY, AS WELL AS AUDIENCES NATIONWIDE AND INTERNATIONALLY THROUGH VIRTUAL OFFERINGS, LEARNING AND CREATIVE ENGAGEMENT RESIDENCIES, AND A ROBUST SEASON OF OFFERINGS.THIS SEASON WE FEATURED SEVERAL FULLY PRODUCED PRODUCTIONS INCLUDING DRACULA, KING JOHN, LOVING AND LOVING, AND IAM DELIVERED'T ALONGSIDE PROGRAMS CURATED BY LOCAL ARTISTS, EXCITING RENTAL EVENTS, AND UNIQUE PRESENTATIONS. EDUCATION AND COMMUNITY ENGAGEMENT INITIATIVES ARE INTEGRAL TO ACTORS THEATRE OF LOUISVILLE AND WE HAVE PARTNERED WITH MANY MISSION-ALIGNED ORGANIZATIONS TO SHINE A LIGHT ON AND RAISE FUNDS FOR THEIR WORK THROUGH OUR COMMUNITY DONATION PARTNERSHIPS. MOREOVER, WE HAVE LAUNCHED AN ARRAY OF PROGRAMS TO HOST CIVIC DIALOGUE ON OUR PLATFORMS: COMMUNITY CONVERSATIONS AND POST-SHOW DISCUSSIONS, BORROWED WISDOM BOOK CLUB, AND IN-SCHOOL SHARE DAYS. OUR LEARNING AND CREATIVE ENGAGEMENT OFFERINGS REACH STUDENTS IN CLASSROOMS AND THROUGH VIRTUAL AND IN-PERSON STUDENT MATINEES.AS AN ARTS AND CULTURE SERVICE ORGANIZATION, ACTORS THEATRE OF LOUISVILLE SEEKS TO BE A PLACE OF BELONGING SUPPORRTING THE WELL BEING AND FULL FLOURISHING OF ALL.

    Expenses $3,925,281 · Revenue $207,449

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Barry Fleming

    EXECUTIVE ARTISTIC DIRECTO

    Total calculated
    $199,651
    From this org
    $185,000
    From related orgs
    $0
    Other
    $14,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,700
    Nontaxable benefits
    $10,951
    Filer's total
    $199,651

  • Mac Thompson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kaila Story

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Corrie Schull

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Christopher Coffman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Gauri Bhakerao

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natalia Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Horn

    DIRECTOR FROM 10/2023

    Total calculated
    $0
    Hours/week
    1

  • Aaron Jahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ra'Shann Martin

    DIRECTOR FROM 10/2023

    Total calculated
    $0
    Hours/week
    1

  • Stuart Perelmutter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Pyles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregg Rochman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Roselle

    DIRECTOR FROM 10/2023

    Total calculated
    $0
    Hours/week
    1

  • Scott Schaftlein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monica Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karl Victor III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Wade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Toni Carver Smith

    DEPUTY DIRECTOR TO 3/2024

    Total calculated
    $138,462
    From this org
    $138,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 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

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
19 April 2025
IRS schema version
2023v6.0
Source object
202501159349300440

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