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Nonprofiteer
← THE CHANCE THEATER

Form 990 for tax year 2024

Filed by THE CHANCE THEATER.

Totals

Total revenue
$1,285,310
Total expenses
$1,327,169
Contributions and grants received
$632,820
Grants paid
$0
Program service revenue
$481,881
Investment income
$126,596
Other revenue
$44,013
Total assets, end of year
$3,588,945
Total liabilities, end of year
$835,298
Net assets or fund balances, end of year
$2,753,647
Program services expenses (Part IX)
$1,092,840
Management and general expenses
$120,198
Fundraising expenses
$114,131
Program service expenses (Part III)
$1,092,840

Program services were 82.3% 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

    $120,430

  • 1e · Government grants (contributions)

    $39,000

  • 1f · All other contributions, gifts and grants

    $473,390

  • 2a · Program service revenue: SEASON IN-HOUSE PRODUC

    total $435,130 · related or exempt $435,130

  • 2b · Program service revenue: EDUCATION PROGRAM

    total $28,145 · related or exempt $28,145

  • 2c · Program service revenue: DEVELOPMENTAL WORK

    total $10,731 · related or exempt $10,731

  • 2f · All other program service revenue

    total $7,875 · related or exempt $7,875

  • 3 · Investment income

    total $129,363 · excluded $129,363

  • 7a · Gross sales of assets other than inventory

    securities $97,288

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

    securities $100,055

  • 7c · Gain or loss

    securities -$2,767

  • 7d · Net gain or loss

    total -$2,767 · excluded -$2,767

  • 8a · Fundraising events: gross income

    $105,099

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

    $120,430

  • 8b · Fundraising events: direct expenses

    $84,216

  • 8c · Net income from fundraising events

    total $20,883 · excluded $20,883

  • 10a · Gross sales of inventory

    $43,087

  • 10b · Cost of goods sold

    $19,957

  • 10c · Net income from sales of inventory

    total $23,130 · related or exempt $23,130

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $101,866 · program services $74,310 · management and general $18,240 · fundraising $9,316

  • 7 · Other salaries and wages

    total $415,479 · program services $339,567 · management and general $39,376 · fundraising $36,536

  • 9 · Other employee benefits

    total $25,654 · program services $17,498 · management and general $4,229 · fundraising $3,927

  • 10 · Payroll taxes

    total $61,160 · program services $42,317 · management and general $12,996 · fundraising $5,847

  • 11c · Fees: accounting

    total $14,500 · program services $9,425 · management and general $3,625 · fundraising $1,450

  • 11g · Fees: other

    total $31,864 · program services $29,742 · management and general $1,516 · fundraising $606

  • 12 · Advertising and promotion

    total $95,062 · program services $81,665 · management and general $10,048 · fundraising $3,349

  • 13 · Office expenses

    total $10,517 · program services $7,237 · management and general $2,343 · fundraising $937

  • 14 · Information technology

    total $6,016 · program services $3,910 · management and general $1,504 · fundraising $602

  • 15 · Royalties

    total $24,449 · program services $24,449

  • 16 · Occupancy

    total $259,113 · program services $220,246 · management and general $12,956 · fundraising $25,911

  • 17 · Travel

    total $1,813 · program services $1,813

  • 19 · Conferences, conventions and meetings

    total $821 · management and general $821

  • 20 · Interest

    total $7,408 · program services $5,926 · management and general $1,482

  • 22 · Depreciation, depletion and amortization

    total $29,765 · program services $23,812 · management and general $5,953

  • 23 · Insurance

    total $13,048 · program services $8,481 · management and general $3,262 · fundraising $1,305

  • 24a · Other expenses: PRODUCTION EXPENSES

    total $198,136 · program services $197,760 · management and general $251 · fundraising $125

  • 24b · Other expenses: DONOR EVENTS

    total $23,903 · program services $1,626 · management and general $248 · fundraising $22,029

  • 24c · Other expenses: AUDIENCE EVENTS

    total $3,530 · program services $1,363 · fundraising $2,167

  • 24d · Other expenses: EDUCATION EVENTS

    total $1,568 · program services $1,568

  • 24e · All other expenses

    total $1,497 · program services $125 · management and general $1,348 · fundraising $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,620 · end of year $159,744

  • 2 · Savings and temporary cash investments

    end of year $220,404

  • 3 · Pledges and grants receivable

    beginning of year $506,962 · end of year $213,934

  • 4 · Accounts receivable

    end of year $249,820

  • 8 · Inventories for sale or use

    end of year $5,009

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,535 · end of year $39,259

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

    $1,049,547

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

    $941,437

  • 10c · Land, buildings and equipment, net

    beginning of year $137,875 · end of year $108,110

  • 11 · Investments: publicly traded securities

    beginning of year $2,104,623 · end of year $1,837,491

  • 12 · Investments: other securities

    end of year $253,048

  • 15 · Other assets

    beginning of year $14,830 · end of year $502,126

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,971 · end of year $30,488

  • 19 · Deferred revenue

    beginning of year $10,433 · end of year $8,869

  • 23 · Secured mortgages and notes payable

    beginning of year $265,175 · end of year $267,900

  • 25 · Other liabilities

    beginning of year $4,844 · end of year $528,041

  • 27 · Net assets without donor restrictions

    beginning of year $1,653,075 · end of year $1,907,736

  • 28 · Net assets with donor restrictions

    beginning of year $1,071,947 · end of year $845,911

Mission and programs · 2024

Mission

CHANCE THEATER'S MISSION IS TO FOSTER A MORE CONNECTED, COMPASSIONATE, AND CREATIVE COMMUNITY THROUGH SHARED EXPERIENCES AND STORYTELLING.

Activities or mission (Part I)

THE CHANCE IS DEDICATED TO THE CREATION OF EXCITING THEATRICAL EXPERIENCES, TAKING ARTISTIC RISKS, AND COLLABORATING WITH GIFTED ARTISTS ON PASSIONATE AND PROVOCATIVE PLAYS AND MUSICALS. THE MISSION OF THE CHANCE IS TO CONTRIBUTE TO A MORE COMPASSIONATE, CONNECTED, AND CREATIVE COMMUNITY.

  • IN 2024, CHANCE THEATER ENGAGED AUDIENCES WITH TICKETED PERFORMANCES AND MEMBERSHIP SUBSCRIPTIONS TO A VARIETY OF PRODUCTIONS, INCLUDING: HEDWIG AND THE ANGRY INCH, TINY BEAUTIFUL THINGS, ALMA, SWEENEY TODD: THE DEMON BARBER OF FLEET STREET, GLORIA, FANCY NANCY THE MUSICAL , JANE AUSTEN'S EMMA THE MUSICAL, AND FANCY NANCY: SPLENDIFEROUS CHRISTMAS.

    Expenses $871,273 · Revenue $435,130

  • CHANCE'S SPEAK UP PROGRAM EMPOWERS LOCAL TEENS--INCLUDING THOSE AT RISK AND ON THE AUTISM SPECTRUM, AS WELL AS LOCAL VETERANS --TO FIND THEIR VOICES AND SHARE THEIR UNIQUE STORIES THROUH A THEATER WORKSHOP SERIES. BY GIVING THEM THE OPPORTUNITY TO SPEAK, WE GAIN THE CHANCE TO LISTEN, BUILDING UNDERSTANDING THAT LEADS TO GREATER EMPATHY. THROUGH THIS PROGRAM, WE STRIVE TO CREATE A MORE CONNECTED, COMPASSIONATE, AND CREATIVE COMMUNITY. THANKS TO THE GENEROSITY OF OUR SPONSORS, ALL PARTICIPANTS RECEIVE FULL SCHOLARSHIPS.

    Expenses $98,972 · Revenue $28,145

  • CHANCE DEVELOPMENTAL WORK INCLUDES CHANCE'S ON THE RADAR (OTR) NEW WORKS PROGRAM AS WELL AS BOOKED-IN EVENTS TO PARTNER WITH AND HOST LOCAL ARTS ORGANIZATIONS TO PRESENT THEIR OWN ARTISTIC PROGRAMS. CHANCE'S OTR INCLUDES A SCRIPT READING SERIES, PLAYWRIGHT RESIDENCY, AND COMMISSIONING PROGRAM--ALL DEDICATED TO SUPPORTING DIVERSE NEW STORIES BY EMERGING U.S. PLAYWRIGHTS. IN 2024, WE INVITED AUDIENCES TO ENGAGE WITH THE DEVELOPMENT PROCESS THROUGH TICKETED EVENTS AND SUBSCRIPTIONS FEATURING THE FOLLOWING NEW WORKS: LIPSTICK LOBOTOMY, CALL YOUR MOTHER, BOAT SHOW, TENDERNESS AND GRATITUDE NUMBER FOUR AND BOAT SHOW (2ND READING WITH UPDATED SCRIPT).

    Expenses $80,948 · Revenue $10,731

  • EQUIPMENT & SPACE RENTALS; CHANCE RENTS THEIR SPACE TO OUTSIDE ORGANIZATIONS AND INDIVIDUALS TO USE THE BETTE AITKEN THEATER ARTS CENTER. RENTALS MAY INCLUDE CRIPE OR FYDA-MAR STAGE, CLASSROOM, AND LOBBY SPACE. TECHNICAL EQUIPMENT IS ALSO RENTED AS-NEEDED FOR THEATRICAL EVENTS, WORKSHOPS, OPEN MIC NIGHTS, WEDDINGS, AND VARIOUS OTHER EVENTS.

    Expenses $41,647 · Revenue $7,875

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Oanh Nguyen

    EXECUTIVE ARTISTIC DIRECTOR

    Total calculated
    $87,064
    From this org
    $87,064
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Bruce Goodrich

    CHAIR

    Total calculated
    $0
    Hours/week
    6
  • Susan Bowman

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    6
  • Andy Lamb

    TREASURER

    Total calculated
    $0
    Hours/week
    6
  • Larry Cripe

    SECRETARY

    Total calculated
    $0
    Hours/week
    6
  • Rachelle Menaker

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    6
  • Bette Aitken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Martin Benson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Freddie Greenfield

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Elizabeth Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Steven Koch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Molly Mahoney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Terry Schomburg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Laurie Smit Staude

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Casey Long

    FORMER MANAGING DIRECTOR

    Total calculated
    $14,802
    From this org
    $14,802
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $14,802
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $14,802

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

None.

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349308915

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