Form 990 for tax year 2024
Filed by CAPE FEAR REGIONAL THEATRE AT FAYETTEVILLE INC.
Totals
- Total revenue
- $9,592,535
- Total expenses
- $2,736,623
- Contributions and grants received
- $8,082,378
- Grants paid
- $0
- Program service revenue
- $1,243,613
- Investment income
- $234,154
- Other revenue
- $32,390
- Total assets, end of year
- $24,272,322
- Total liabilities, end of year
- $4,468,548
- Net assets or fund balances, end of year
- $19,803,774
- Program services expenses (Part IX)
- $1,890,477
- Management and general expenses
- $838,905
- Fundraising expenses
- $7,241
- Program service expenses (Part III)
- $1,890,477
Program services were 69.1% 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)
$1,744,864
-
1f · All other contributions, gifts and grants
$6,337,514
-
1g · Noncash contributions included above
$171,346
-
2a · Program service revenue: BOX OFFICE RECEIPTS
total $528,144 · related or exempt $528,144
-
2b · Program service revenue: PRODUCTION SPONSORSHIP
total $190,160 · related or exempt $190,160
-
2c · Program service revenue: SEASON TICKET COUPONS
total $176,732 · related or exempt $176,732
-
2d · Program service revenue: DRAMA CAMPS AND CLASSES
total $164,316 · related or exempt $164,316
-
2e · Program service revenue: CONCESSIONS
total $101,245 · related or exempt $101,245
-
2f · All other program service revenue
total $83,016 · related or exempt $68,836 · unrelated business $14,180
-
3 · Investment income
total $401,923 · excluded $401,923
-
6a · Gross rents
real property $32,390
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $32,390
-
6d · Net rental income or loss
total $32,390 · excluded $32,390
-
7a · Gross sales of assets other than inventory
securities $322,890
-
7b · Less cost or other basis and sales expenses
securities $257,183 · other assets $233,476
-
7c · Gain or loss
securities $65,707 · other assets -$233,476
-
7d · Net gain or loss
total -$167,769 · excluded -$167,769
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,305,676 · program services $796,462 · management and general $509,214
-
9 · Other employee benefits
total $97,297 · program services $59,351 · management and general $37,946
-
10 · Payroll taxes
total $78,168 · program services $47,683 · management and general $30,485
-
11b · Fees: legal
total $2,886 · program services $1,558 · management and general $1,328
-
11c · Fees: accounting
total $49,191 · program services $26,567 · management and general $22,624
-
11f · Fees: investment management
total $18,512 · management and general $18,512
-
11g · Fees: other
total $8,656 · program services $4,675 · management and general $3,981
-
12 · Advertising and promotion
total $27,202 · program services $27,202
-
13 · Office expenses
total $18,395 · program services $10,546 · management and general $7,849
-
15 · Royalties
total $88,118 · program services $88,118
-
16 · Occupancy
total $63,954 · program services $41,571 · management and general $22,383
-
17 · Travel
total $43,280 · program services $43,280
-
20 · Interest
total $1,217 · program services $795 · management and general $422
-
22 · Depreciation, depletion and amortization
total $108,279 · program services $71,555 · management and general $36,724
-
23 · Insurance
total $55,016 · program services $35,761 · management and general $19,255
-
24a · Other expenses: OTHER
total $206,119 · program services $167,899 · management and general $38,220
-
24b · Other expenses: RENT
total $110,400 · program services $71,760 · management and general $38,640
-
24c · Other expenses: SETS AND PROPS
total $55,428 · program services $55,428
-
24d · Other expenses: COSTUMES
total $41,540 · program services $41,540
-
24e · All other expenses
total $357,289 · program services $298,726 · management and general $51,322 · fundraising $7,241
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $518,798 · end of year $183,624
-
2 · Savings and temporary cash investments
beginning of year $7,461,316 · end of year $6,953,671
-
3 · Pledges and grants receivable
beginning of year $3,551,155 · end of year $7,226,723
-
4 · Accounts receivable
beginning of year $117,690 · end of year $550,438
-
8 · Inventories for sale or use
beginning of year $1,618 · end of year $1,618
-
9 · Prepaid expenses and deferred charges
beginning of year $71,258 · end of year $82,225
-
10a · Land, buildings and equipment: cost or other basis
$6,810,859
-
10b · Land, buildings and equipment: accumulated depreciation
$798,004
-
10c · Land, buildings and equipment, net
beginning of year $3,930,381 · end of year $6,012,855
-
11 · Investments: publicly traded securities
beginning of year $2,941,470 · end of year $2,983,497
-
12 · Investments: other securities
beginning of year $101,667 · end of year $108,203
-
15 · Other assets
beginning of year $219,643 · end of year $169,468
-
17 · Accounts payable and accrued expenses
beginning of year $138,931 · end of year $327,525
-
19 · Deferred revenue
beginning of year $106,541 · end of year $141,815
-
25 · Other liabilities
beginning of year $5,763,598 · end of year $3,999,208
-
27 · Net assets without donor restrictions
beginning of year $5,881,086 · end of year $7,771,097
-
28 · Net assets with donor restrictions
beginning of year $7,024,840 · end of year $12,032,677
Mission and programs · 2024
Mission
CAPE FEAR REGIONAL THEATRE IS A 501(C)3 NON-PROFIT ORGANIZATION. WE BELIEVE IN THE POWER OF STORYTELLING AND THE VISCERAL IMPACT OF LIVE THEATRE. WE STRIVE FOR THE HIGHEST STANDARDS OF EXCELLENCE IN OUR ARTISTIC WORK, EDUCATIONAL OFFERINGS, AND OUTREACH EFFORTS. WE PROVIDE THE REGION A PLACE TO COME TOGETHER TO LAUGH HARDER, THINK DEEPER, SHARE OUR EXPERIENCES AND GROW AS A COMMUNITY.
Activities or mission (Part I)
THEATRICAL PERFORMANCES AND EDUCATION IN THE ARTS.
-
THE THEATRE PRESENTED A TOTAL OF FIVE PRODUCTIONS, AS WELL AS NUMEROUS OUTREACH EVENTS AND EDUCATION PROGRAMS INCLUDING SUMMER CAMPS, DAY CAMPS, AND STUDIO CLASSES, TOGETHER REACHING MORE THAN 60,000 PEOPLE IN FY25.
Expenses $1,890,477 · Revenue $1,229,433
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bill HedgepethBILL HEDGEPETH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Zach PritchettZACH PRITCHETT
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Karen TisdaleKAREN TISDALE
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Juelle McDonaldJUELLE MCDONALD
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Rollinda ThomasROLLINDA THOMAS
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Taylor WhitleyTAYLOR WHITLEY
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Lauren AllredLAUREN ALLRED
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Al AycockAL AYCOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl Y BurnsCHERYL Y BURNS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Judy ChavisJUDY CHAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn DawsonCAROLYN DAWSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jenny DeviereJENNY DEVIERE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Meghan EngleMEGHAN ENGLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John HolmesJOHN HOLMES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lucy JonesLUCY JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn KiserMARILYN KISER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Antoine McGillANTOINE MCGILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany PenninkTIFFANY PENNINK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles PimbleCHARLES PIMBLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marie RunkleMARIE RUNKLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Darsweil RodgersDARSWEIL RODGERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tyler PattonTYLER PATTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nisha PatelNISHA PATEL
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
HERDMAN LAND HOLDINGS LLC
TO FACILITATE REAL ESTATE PURCHASES AND ARRANGEMENTS FOR THE THEATRE · NC · income $11,978 · assets $411,216
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630369349300838
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