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Nonprofiteer
← CHILDRENS THEATRE OF CHARLOTTE INC

Form 990 for tax year 2022

Filed by CHILDRENS THEATRE OF CHARLOTTE INC.

Totals

Total revenue
$5,456,222
Total expenses
$4,839,541
Contributions and grants received
$2,863,843
Grants paid
$0
Program service revenue
$2,533,613
Investment income
$16,945
Other revenue
$41,821
Total assets, end of year
$23,050,715
Total liabilities, end of year
$886,258
Net assets or fund balances, end of year
$22,164,457
Program services expenses (Part IX)
$3,350,593
Management and general expenses
$1,172,292
Fundraising expenses
$316,656
Program service expenses (Part III)
$3,350,593

Program services were 69.2% 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

    $140,972

  • 1e · Government grants (contributions)

    $755,986

  • 1f · All other contributions, gifts and grants

    $1,966,885

  • 1g · Noncash contributions included above

    $31,976

  • 2a · Program service revenue: PRODUCTION SERVICE REV

    total $1,551,118 · related or exempt $1,551,118

  • 2b · Program service revenue: EDUCATION REVENUE

    total $982,495 · related or exempt $982,495

  • 3 · Investment income

    total $16,945 · excluded $16,945

  • 8a · Fundraising events: gross income

    $12,870

  • 8a · Fundraising events: contributions included on line 1c

    $140,972

  • 8b · Fundraising events: direct expenses

    $35,298

  • 8c · Net income from fundraising events

    total -$22,428 · excluded -$22,428

  • 11a · Other revenue: MISCELLANEOUS

    total $64,249 · unrelated business $9,652 · excluded $54,597

  • 11e · Other revenue, total

    $64,249

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $267,613 · program services $132,569 · management and general $135,044

  • 7 · Other salaries and wages

    total $2,533,965 · program services $1,618,537 · management and general $681,223 · fundraising $234,205

  • 9 · Other employee benefits

    total $233,522 · program services $129,680 · management and general $81,467 · fundraising $22,375

  • 10 · Payroll taxes

    total $163,349 · program services $90,711 · management and general $56,986 · fundraising $15,652

  • 11g · Fees: other

    total $267,630 · program services $218,679 · management and general $48,951

  • 12 · Advertising and promotion

    total $161,202 · program services $138,633 · management and general $19,344 · fundraising $3,225

  • 13 · Office expenses

    total $32,560 · program services $22,792 · management and general $6,512 · fundraising $3,256

  • 15 · Royalties

    total $135,664 · program services $135,664

  • 22 · Depreciation, depletion and amortization

    total $63,476 · program services $60,302 · management and general $2,540 · fundraising $634

  • 23 · Insurance

    total $25,593 · program services $24,313 · management and general $1,024 · fundraising $256

  • 24a · Other expenses: PRODUCTION SUPPLIES AND

    total $356,910 · program services $356,910

  • 24b · Other expenses: IMAGINON OPERATING EXPE

    total $265,617 · program services $252,336 · management and general $10,625 · fundraising $2,656

  • 24c · Other expenses: PRINTING AND DESIGN

    total $33,722 · program services $29,001 · management and general $4,046 · fundraising $675

  • 24d · Other expenses: POSTAGE

    total $17,277 · program services $14,858 · management and general $2,074 · fundraising $345

  • 24e · All other expenses

    total $281,441 · program services $125,608 · management and general $122,456 · fundraising $33,377

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $400

  • 2 · Savings and temporary cash investments

    beginning of year $2,911,215 · end of year $2,835,308

  • 3 · Pledges and grants receivable

    beginning of year $13,000 · end of year $5,036

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,279 · end of year $75,746

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

    $757,849

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

    $512,326

  • 10c · Land, buildings and equipment, net

    beginning of year $102,079 · end of year $245,523

  • 12 · Investments: other securities

    beginning of year $14,111,595 · end of year $14,903,000

  • 15 · Other assets

    beginning of year $5,775,369 · end of year $4,985,702

  • 17 · Accounts payable and accrued expenses

    beginning of year $169,961 · end of year $251,983

  • 19 · Deferred revenue

    beginning of year $528,997 · end of year $634,275

  • 23 · Secured mortgages and notes payable

    beginning of year $554,525 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,937,748 · end of year $3,224,309

  • 28 · Net assets with donor restrictions

    beginning of year $19,819,506 · end of year $18,940,148

Mission and programs · 2022

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 CTC'S 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 $2,286,948 · Revenue $1,551,118

  • 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 $1,063,645 · Revenue $982,495

As filed on the 2022 return.

Listed in Part VII

  • Ashley Joseph

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1.2

  • Stacia Neugent

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Maddie Myers

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.2

  • Sallie Beason

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Kristin Black

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Mary Alice Boyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Julio Colmenares

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Leigh Hickman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Ben Hume

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Stephanie Isham

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • William Jefferson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Mitchell Kelling

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Shirley Lamm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Rebecca Lindahl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Jennifer Madara

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Scott Manning

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Lisa Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Mallory Navin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Chris Socha

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Nichelle Weintraub

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Salem McMullan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Judith Whelan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • April Whitlock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Kristen Tokic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Veronica Bell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Mike Burgess

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Stephanie Couch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Caryn Craige

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Brian Litwak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Rosa Vega

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Michael Tarwater Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Adam Burke

    ARTISTIC DIRECTOR

    Total calculated
    $169,687
    From this org
    $132,569
    From related orgs
    $0
    Other
    $37,118
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $132,569
    Bonus
    $0
    Other
    $0
    Deferred
    $1,913
    Nontaxable benefits
    $35,205
    Filer's total
    $169,687

  • Naoya Tsurumaki

    MANAGING DIRECTOR

    Total calculated
    $154,646
    From this org
    $135,044
    From related orgs
    $0
    Other
    $19,602
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $135,044
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,602
    Filer's total
    $154,646

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

The filer's explanations (Part III)

PART I, LINE 3
THE MANAGING AND ARTISTIC DIRECTORS EACH REPORT DIRECTLY TO THE BOARD. THE EXECUTIVE COMMITTEE, ALL OF WHOM ARE INDEPENDENT BOARD MEMBERS, HOLD AN ANNUAL PERFORMANCE EVALUATION WITH EACH DIRECTOR, SEPARATELY. THE DIRECTOR PREPARES A WRITTEN SELF-ASSESSMENT OF THEIR PERFORMANCE FOR THE YEAR BASED ON GOALS AND OBJECTIVES FOR THE PERIOD AND MEETS WITH THE EXECUTIVE COMMITTEE TO REVIEW PERFORMANCE AND SET GOALS FOR THE UPCOMING YEAR. THE DIRECTOR IS EXCUSED AND THE EXECUTIVE COMMITTEE FURTHER DISCUSSES THEIR PERFORMANCE AND SETS COMPENSATION FOR THE DIRECTOR, IN CONSIDERATION OF THE BUDGET. AT A SUBSEQUENT BOARD MEETING, THE PROCESS AND OUTCOME ARE PRESENTED TO THE BOARD. EVERY 2 TO 3 YEARS, COMPARABILITY DATA FROM OTHER FORM 990S AND/OR SURVEYS ON NON-PROFIT ORGANIZATIONS IS INCORPORATED INTO THE PROCESS.

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
2022
Filed
19 March 2024
IRS schema version
2022v5.0
Source object
202400829349300900

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

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