Form 990 for tax year 2024
Filed by THEATRE WORKSHOP OF OWENSBORO INC.
Totals
- Total revenue
- $371,760
- Total expenses
- $278,181
- Contributions and grants received
- $121,766
- Grants paid
- $0
- Program service revenue
- $89,599
- Investment income
- $1,603
- Other revenue
- $158,792
- Total assets, end of year
- $761,571
- Total liabilities, end of year
- $12,472
- Net assets or fund balances, end of year
- $749,099
- Program services expenses (Part IX)
- $197,386
- Management and general expenses
- $62,775
- Fundraising expenses
- $18,020
- Program service expenses (Part III)
- $197,386
Program services were 71.0% 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)
$57,211
-
1f · All other contributions, gifts and grants
$64,555
-
2a · Program service revenue: TICKET SALES
total $83,039 · related or exempt $83,039
-
2b · Program service revenue: PLAYBILL ADVERTISING
total $4,800 · related or exempt $4,800
-
2c · Program service revenue: OTHER
total $1,760 · related or exempt $1,760
-
3 · Investment income
total $1,603 · excluded $1,603
-
6a · Gross rents
real property $4,310
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $4,310
-
6d · Net rental income or loss
total $4,310 · related or exempt $4,310
-
8a · Fundraising events: gross income
$15,989
-
8b · Fundraising events: direct expenses
$6,257
-
8c · Net income from fundraising events
total $9,732 · excluded $9,732
-
10a · Gross sales of inventory
$9,696
-
10b · Cost of goods sold
$6,366
-
10c · Net income from sales of inventory
total $3,330 · excluded $3,330
-
11a · Other revenue: INSURANCE REIMBURSEMEN
total $132,780 · excluded $132,780
-
11b · Other revenue: REFUND ON PENALTY
total $8,640 · excluded $8,640
-
11e · Other revenue, total
$141,420
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $66,771 · program services $33,689 · management and general $16,905 · fundraising $16,177
-
6 · Compensation of disqualified persons
total $43,214 · program services $32,302 · management and general $10,912
-
10 · Payroll taxes
total $9,847 · program services $5,908 · management and general $3,151 · fundraising $788
-
11c · Fees: accounting
total $8,610 · management and general $8,610
-
12 · Advertising and promotion
total $165 · program services $165
-
13 · Office expenses
total $5,378 · program services $3,227 · management and general $1,721 · fundraising $430
-
16 · Occupancy
total $25,597 · program services $19,198 · management and general $6,399
-
17 · Travel
total $445 · program services $445
-
22 · Depreciation, depletion and amortization
total $36,544 · program services $29,133 · management and general $7,411
-
23 · Insurance
total $14,832 · program services $11,124 · management and general $3,708
-
24a · Other expenses: PRODUCTION COSTS
total $35,071 · program services $35,071
-
24b · Other expenses: PRINTING
total $10,616 · program services $10,616
-
24c · Other expenses: OTHER
total $7,807 · program services $4,684 · management and general $2,498 · fundraising $625
-
24d · Other expenses: BOX OFFICE
total $7,444 · program services $7,444
-
24e · All other expenses
total $5,840 · program services $4,380 · management and general $1,460
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,408 · end of year $21,098
-
2 · Savings and temporary cash investments
beginning of year $13,661 · end of year $142,821
-
9 · Prepaid expenses and deferred charges
beginning of year $1,571 · end of year $1,650
-
10a · Land, buildings and equipment: cost or other basis
$1,175,910
-
10b · Land, buildings and equipment: accumulated depreciation
$580,012
-
10c · Land, buildings and equipment, net
beginning of year $632,442 · end of year $595,898
-
11 · Investments: publicly traded securities
beginning of year $104 · end of year $104
-
17 · Accounts payable and accrued expenses
beginning of year $3,666 · end of year $5,122
-
19 · Deferred revenue
beginning of year $0 · end of year $7,350
-
27 · Net assets without donor restrictions
beginning of year $655,520 · end of year $749,099
Mission and programs · 2024
Mission
TO EDUCATE, INSPIRE, AND TRANSFORM OUR COMMUNITY THROUGH THE THEATRICAL ARTS
Activities or mission (Part I)
THEATRE WORKSHOP OF OWENSBORO (TWO) IS ORGANIZED FOR THE PURPOSE OF PROVIDING OPPORTUNITIES AND TO EDUCATE, INSPIRE, AND TRANSFORM OUR COMMUNITY THROUGH THE THEATRICAL ARTS.
-
THEATRE WORKSHOP OF OWENSBORO, INC. (TWO) OPERATES 2 HISTORIC THEATRES IN DOWNTOWN OWENSBORO. TWO PRODUCES AN ECLECTIC SEASON OF COMMUNITY THEATRE, FEATURING CONTEMPORARY AND CLASSIC PLAYS, MUSICALS, CONCERTS, ART EXHIBITS, CLASSES AND WORKSHOPS. TWO'S EDUCATION PROGRAM INCLUDES YOUTH SHOWS, DRAMA CLUBS AND CAMPS, TWO IN THE SCHOOLS, AND MORE.
Expenses $197,386 · Revenue $93,909
As filed on the 2024 return.
Listed in Part VII
-
Hannah AdamsHANNAH ADAMS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Jacob HeinJACOB HEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Michelle HowardDR MICHELLE HOWARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joseph AcquistoJOSEPH ACQUISTO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
McCellus MaysMCCELLUS MAYS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Andrew BolinANDREW BOLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Preston MiddletonPRESTON MIDDLETON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Erin MorrisERIN MORRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Patti TaylorPATTI TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mercedez VarbleMERCEDEZ VARBLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jason BostwickJASON BOSTWICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kim GarvinKIM GARVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Mingus-TullisLISA MINGUS-TULLIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Karen FeldhausKAREN FELDHAUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sean McGeheeSEAN MCGEHEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Worth MountjoyWORTH MOUNTJOY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Todd ReynoldsTODD REYNOLDS
EXECUTIVE DIRECTOR (UNTIL FEBRUARY 2025)
- Total calculated
- $34,064
- From this org
- $31,033
- From related orgs
- $0
- Other
- $3,031
- Hours/week
- 40
-
Calissa WhitmoreCALISSA WHITMORE
EXECUTIVE DIRECTOR (SINCE FEBRUARY 2025)
- Total calculated
- $32,707
- From this org
- $32,707
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543099349301139
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