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Nonprofiteer
← CARTERET COMMUNITY THEATRE INC

Form 990 for tax year 2023

Filed by CARTERET COMMUNITY THEATRE INC.

Totals

Total revenue
$603,493
Total expenses
$272,569
Contributions and grants received
$419,174
Grants paid
$0
Program service revenue
$165,955
Investment income
$18,364
Other revenue
$0
Total assets, end of year
$1,776,418
Total liabilities, end of year
$499,135
Net assets or fund balances, end of year
$1,277,283
Program services expenses (Part IX)
$120,599
Management and general expenses
$89,350
Fundraising expenses
$62,620
Program service expenses (Part III)
$120,599

Program services were 44.2% 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

    $411,345

  • 1f · All other contributions, gifts and grants

    $7,829

  • 2a · Program service revenue: EVENT REVENUE

    total $165,955 · related or exempt $165,955

  • 3 · Investment income

    total $18,364 · excluded $18,364

  • 8a · Fundraising events: gross income

    $0

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

    $411,345

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $57,000 · management and general $57,000

  • 10 · Payroll taxes

    total $4,849 · management and general $4,849

  • 11c · Fees: accounting

    total $7,712 · management and general $7,712

  • 11e · Fees: professional fundraising services

    total $62,620 · fundraising $62,620

  • 11g · Fees: other

    total $6,550 · program services $6,550

  • 13 · Office expenses

    total $2,064 · management and general $2,064

  • 14 · Information technology

    total $6,312 · management and general $6,312

  • 15 · Royalties

    total $8,646 · management and general $8,646

  • 22 · Depreciation, depletion and amortization

    total $11,384 · program services $11,384

  • 23 · Insurance

    total $3,208 · program services $1,604 · management and general $1,604

  • 24a · Other expenses: SCRIPTS EXPENSE

    total $15,602 · program services $15,602

  • 24b · Other expenses: CONTRACT SERVICES

    total $15,589 · program services $15,589

  • 24c · Other expenses: VENUE RENT

    total $11,676 · program services $11,676

  • 24d · Other expenses: TICKET/MERCHANT FEES

    total $11,019 · program services $11,019

  • 24e · All other expenses

    total $48,338 · program services $47,175 · management and general $1,163

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $918,123 · end of year $1,221,600

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

    $666,970

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

    $113,444

  • 10c · Land, buildings and equipment, net

    beginning of year $529,826 · end of year $553,526

  • 15 · Other assets

    beginning of year $0 · end of year $1,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,903

  • 23 · Secured mortgages and notes payable

    beginning of year $497,400 · end of year $497,400

  • 25 · Other liabilities

    beginning of year $1,287 · end of year $1,735

  • 27 · Net assets without donor restrictions

    beginning of year $922,537 · end of year $1,253,461

  • 28 · Net assets with donor restrictions

    beginning of year $23,822 · end of year $23,822

Mission and programs · 2023

Mission

THE CARTERET COMMUNITY THEATRE IS ORGANIZED AS A NON-PROFIT CORPORATION WHOSE PRIMARY PURPOSE SHALL BE THE CULTURAL BETTERMENT OF THE CITIZENS OF CARTERET COUNTY THORUGH THE PRODUCTION OF DRAMATIC ENTERTAINMENTS.

Activities or mission (Part I)

THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE THE CULTURAL BETTERMENT OF THE CITIZENS OF CARTERET COUNTY THROUGH THE PRODUCTION OF DRAMATIC ENTERTAINMENTS.

  • PREPARED, AUDITIONED, REHEARSED , AND PERFORMED THEATRICAL PRODUCTIONS INVOLVING THE ENTIRE COMMUNITY, AND BOOKED AND PRESENTED VARIOUS CONCERTS AND ACTS FOR THE ENJOYMENT OF THE COMMUNITY.

    Expenses $120,599 · Revenue $165,955

As filed on the 2023 return.

Listed in Part VII

  • Kathy Crowe

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine Leary

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jaime Magee

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles Pringle

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Scibal

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Pam Wall

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bill Weinhold

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sharon Garner

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nic Carey

    AT LARGE 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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202431669349300613

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