Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $914,068

• 1f · All other contributions, gifts and grants

  $4,748,624

• 1g · Noncash contributions included above

  $378,862

• 2a · Program service revenue: TICKET SALES

  total $33,112,380 · related or exempt $33,112,380

• 2b · Program service revenue: SHOW INVESTMENT/CONTRACT INCOME

  total $151,480 · related or exempt $151,480

• 2c · Program service revenue: OTHER TICKET FEE INCOME

  total $27,931 · related or exempt $27,931

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $364,036 · excluded $364,036

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $1,963,434

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

  securities $1,712,595

• 7c · Gain or loss

  securities $250,839 · other assets $0

• 7d · Net gain or loss

  total $250,839 · excluded $250,839

• 8a · Fundraising events: gross income

  $242,782

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

  $914,068

• 8b · Fundraising events: direct expenses

  $811,249

• 8c · Net income from fundraising events

  total -$568,467 · excluded -$568,467

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $55,000 · program services $55,000

• 5 · Compensation of officers, directors and key employees

  total $1,216,527 · program services $233,694 · management and general $610,644 · fundraising $372,189

• 7 · Other salaries and wages

  total $3,049,532 · program services $1,605,895 · management and general $873,945 · fundraising $569,692

• 8 · Pension plan contributions

  total $22,006 · program services $18,270 · management and general $3,736

• 9 · Other employee benefits

  total $383,965 · program services $222,550 · management and general $99,455 · fundraising $61,960

• 10 · Payroll taxes

  total $286,201 · program services $129,800 · management and general $93,455 · fundraising $62,946

• 11b · Fees: legal

  total $138,036 · management and general $138,036

• 11c · Fees: accounting

  total $57,308 · management and general $57,308

• 11f · Fees: investment management

  total $58,757 · management and general $58,757

• 11g · Fees: other

  total $3,180,688 · program services $3,046,939 · management and general $60,641 · fundraising $73,108

• 12 · Advertising and promotion

  total $3,031,568 · program services $2,765,231 · management and general $230,409 · fundraising $35,928

• 13 · Office expenses

  total $927,592 · program services $529,396 · management and general $240,201 · fundraising $157,995

• 14 · Information technology

  total $207,901 · program services $113,837 · management and general $60,146 · fundraising $33,918

• 16 · Occupancy

  total $2,996,242 · program services $2,916,428 · management and general $79,174 · fundraising $640

• 17 · Travel

  total $199,092 · program services $1,169 · management and general $153,150 · fundraising $44,773

• 19 · Conferences, conventions and meetings

  total $153,973 · program services $12,016 · management and general $123,065 · fundraising $18,892

• 20 · Interest

  total $1,425 · management and general $1,425

• 22 · Depreciation, depletion and amortization

  total $46,453 · management and general $46,453

• 23 · Insurance

  total $343,684 · program services $166,934 · management and general $176,750

• 24a · Other expenses: CONTRACTUAL PAYMENTS

  total $18,999,454 · program services $18,999,454

• 24b · Other expenses: OTHER PRODUCTION COSTS

  total $1,447,369 · program services $930,727 · management and general $102,410 · fundraising $414,232

• 24c · Other expenses: PARKING

  total $831,626 · program services $810,586 · fundraising $21,040

• 24d · Other expenses: LIGHTING AND SOUND

  total $430,070 · program services $374,216 · fundraising $55,854

• 24e · All other expenses

  total $18 · program services $15 · management and general $2 · fundraising $1

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $483,360 · end of year $122,525

• 2 · Savings and temporary cash investments

  beginning of year $5,412,993 · end of year $8,310,064

• 3 · Pledges and grants receivable

  beginning of year $953,611 · end of year $666,936

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $179,202 · end of year $281,395

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

  $761,722

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

  $621,628

• 10c · Land, buildings and equipment, net

  beginning of year $90,380 · end of year $140,094

• 11 · Investments: publicly traded securities

  beginning of year $12,174,062 · end of year $13,737,048

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $3,691,628 · end of year $2,501,419

• 17 · Accounts payable and accrued expenses

  beginning of year $500,469 · end of year $939,295

• 19 · Deferred revenue

  beginning of year $1,938,312 · end of year $1,962,920

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $172,642 · end of year $272,825

• 27 · Net assets without donor restrictions

  beginning of year $18,297,810 · end of year $21,210,310

• 28 · Net assets with donor restrictions

  beginning of year $2,076,003 · end of year $1,374,131

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN

THE ORGANIZATION'S CEO, KENNETH NOVICE, PARTICIPATES IN A NONQUALIFIED 457(F) PLAN, WHICH INCLUDES ANNUAL DEFERRALS WHICH ARE SUBJECT TO A VESTING SCHEDULE. FOR 2024, THE AMOUNT DEFERRED IS $40,000 AND PAID IS $0.

SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS

INDIVIDUALS ARE EVALUATED ANNUALLY BASED ON THEIR RESPECTIVE KEY PERFORMANCE INDICATORS. AT THE DISCRETION OF THE BOARD AND MANAGEMENT, A BONUS MAY BE AWARDED.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• USEFULMAJIC LLC

  MUSIC THEATRE · TX · income $0 · assets $0

  Directly controlled by BROADWAY DALLAS INC