Form 990 for tax year 2023
Filed by CHILDRENS THEATRE OF CHARLOTTE INC.
Totals
- Total revenue
- $4,179,496
- Total expenses
- $5,055,677
- Contributions and grants received
- $1,411,539
- Grants paid
- $0
- Program service revenue
- $2,618,401
- Investment income
- $141,904
- Other revenue
- $7,652
- Total assets, end of year
- $22,467,899
- Total liabilities, end of year
- $831,016
- Net assets or fund balances, end of year
- $21,636,883
- Program services expenses (Part IX)
- $3,435,291
- Management and general expenses
- $1,270,908
- Fundraising expenses
- $349,478
- Program service expenses (Part III)
- $3,435,291
Program services were 67.9% 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.
-
1c · Fundraising events
$114,982
-
1e · Government grants (contributions)
$787,959
-
1f · All other contributions, gifts and grants
$508,598
-
1g · Noncash contributions included above
$59,919
-
2a · Program service revenue: Education Revenue
total $1,026,971 · related or exempt $1,026,971
-
2b · Program service revenue: Production Service Rev
total $1,591,430 · related or exempt $1,591,430
-
3 · Investment income
total $141,904 · excluded $141,904
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$15,016
-
8a · Fundraising events: contributions included on line 1c
$114,982
-
8b · Fundraising events: direct expenses
$56,255
-
8c · Net income from fundraising events
total -$41,239
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other
total $48,891 · related or exempt $44,791 · unrelated business $4,100
-
11e · Other revenue, total
$48,891
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $293,880 · program services $146,940 · management and general $146,940
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,739,006 · program services $1,827,809 · management and general $637,892 · fundraising $273,305
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $427,499 · program services $244,090 · management and general $146,501 · fundraising $36,908
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $205,986 · program services $167,813 · management and general $38,173
-
12 · Advertising and promotion
total $113,970 · program services $98,014 · management and general $13,676 · fundraising $2,280
-
13 · Office expenses
total $27,938 · program services $24,034 · management and general $3,346 · fundraising $558
-
14 · Information technology
total $0
-
15 · Royalties
total $140,990 · program services $140,990
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $82,325 · program services $78,209 · management and general $3,292 · fundraising $824
-
23 · Insurance
total $55,330 · program services $52,563 · management and general $2,212 · fundraising $555
-
24a · Other expenses: Production supplies & expense
total $336,494 · program services $336,494
-
24b · Other expenses: Other
total $294,471 · program services $26,253 · management and general $244,499 · fundraising $23,719
-
24c · Other expenses: ImaginOn operating costs
total $277,879 · program services $246,829 · management and general $24,836 · fundraising $6,214
-
24d · Other expenses: Printing and Publications
total $30,342 · program services $28,630 · management and general $1,206 · fundraising $506
-
24e · All other expenses
total $29,567 · program services $16,623 · management and general $8,335 · fundraising $4,609
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $400 · end of year $400
-
2 · Savings and temporary cash investments
beginning of year $2,835,308 · end of year $3,136,531
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $5,036 · end of year $10,000
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $75,746 · end of year $150,613
-
10a · Land, buildings and equipment: cost or other basis
$946,974
-
10b · Land, buildings and equipment: accumulated depreciation
$574,292
-
10c · Land, buildings and equipment, net
beginning of year $245,523 · end of year $372,682
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $14,903,000 · end of year $16,114,800
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,985,702 · end of year $2,682,873
-
17 · Accounts payable and accrued expenses
beginning of year $251,983 · end of year $153,372
-
19 · Deferred revenue
beginning of year $634,275 · end of year $677,644
-
27 · Net assets without donor restrictions
beginning of year $3,224,309 · end of year $3,262,605
-
28 · Net assets with donor restrictions
beginning of year $18,940,148 · end of year $18,374,278
Mission and programs · 2023
Mission
The mission of Children's Theatre of Charlotte (CTC) is to create exceptional theatre experiences, inspiring generations to explore the wonder of their world.
-
PROFESSIONAL THEATRE FOR YOUTH: CTC PRODUCES AND PRESENTS PROFESSIONAL THEATRICAL PRODUCTIONS FROM SCRIPTS EITHER SELECTED OR COMMISSIONED BY CTC ARTISTIC STAFF. EACH PRODUCTION IS CREATED BY PROFESSIONAL DIRECTORS, DESIGNERS, ACTORS, AND MUSICIANS AND PERFORMED ON CTCS TWO STAGES. EACH SEASON, CTC PRODUCES AND PRESENTS 8-12 MAINSTAGE PRODUCTIONS AT IMAGINON AND AT LEAST 3 TOURING PRODUCTIONS THAT ARE PERFORMED ALL ACROSS NORTH AND SOUTH CAROLINA. ALL PRODUCTIONS ARE PERFORMED FOR BOTH PUBLIC AND SCHOOL AUDIENCES. TO ENSURE THEATRE IS A VIABLE OPTION FOR ALL YOUNG PEOPLE IN THE REGION, CTC OFFERS SCHOOL SHOW TICKETS AT A SIGNIFICANT DISCOUNT AND PROVIDES REDUCED-COST TICKETS FOR ALL PUBLIC PERFORMANCES TO FAMILIES WHO RECEIVE PUBLIC ASSISTANCE AND SERVICE ORGANIZATIONS.
Expenses $1,979,740 · Revenue $1,591,430
-
THEATRE EDUCATION PROGRAMS: CTC THEATRE CLASSES ARE SEPARATED INTO TWO CATEGORIES: CREATIVE DRAMA FOR CHILDREN AGE 2 TO GRADE 5 AND THE SCHOOL OF THEATRE TRAINING (SOTT) FOR CHILDREN IN GRADES 3 TO 12. EACH MAY, SOTT CULMINATES WITH ONSTAGE, A 5-WEEK PERFORMANCE OPPORTUNITY IN PARTNERSHIP WITH OUR PRODUCTION DEPARTMENT. SUMMER CAMPS ARE AVAILABLE TO CHILDREN AGES 2 TO 18 IN A WIDE VARIETY OF TOPICS, THEMES AND DISCIPLINES. COMMUNITY INVOLVEMENT PROGRAM (CIP) CLASSES AND WORKSHOPS ARE OFFERED TO SERVICE ORGANIZATIONS WORKING WITH CHILDREN IN CRISIS OR WHO RECEIVED PUBLIC ASSISTANCE. FULL AND PARTIAL-TUITION SCHOLARSHIPS FOR ALL CLASSES AND CAMPS ARE OFFERED TO STUDENTS OF FINANCIAL NEED.
Expenses $1,455,551 · Revenue $1,026,971
As filed on the 2023 return.
Listed in Part VII
-
Adam Burke
Artistic Dir.
- Total calculated
- $168,553
- From this org
- $146,592
- From related orgs
- $0
- Other
- $21,961
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $146,592
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $21,961
- Filer's total
- $168,553
-
Naoya Tsurumaki
Managing Dir.
- Total calculated
- $166,651
- From this org
- $147,288
- From related orgs
- $0
- Other
- $19,363
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $147,288
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $19,363
- Filer's total
- $166,651
-
Mitchell Kelling
Board Chair
- Total calculated
- $0
- Hours/week
- 5
-
Sallie Beason
Chair-Elect
- Total calculated
- $0
- Hours/week
- 1.2
-
Stephanie Isham
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Maddie Myers
Secretary
- Total calculated
- $0
- Hours/week
- 1.2
-
April Whitlock
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Ben Hume
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Caryn Craige
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Charlitta Hatch
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Cynthia Banks
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Jennifer Madara
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Kristin Tokic
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Leigh Hickman
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Lisa Miller
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Mallory Navin
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Mary Alice Boyd
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Michael Tarwater Jr
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Mike Burgess
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Mitzi Lynch
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Nichelle Weintraub
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Rebecca Lindahl
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Rosa Vega-Vazquez
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Rosemary Morgan
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Salem McMullan
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Scott Manning
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Stephanie Couch
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Tim James
Director
- Total calculated
- $0
- Hours/week
- 0.6
-
Veronica Bell
Director
- Total calculated
- $0
- Hours/week
- 0.6
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 · Form 990 of other organizations
- 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
- 18 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530779349300108
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