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Nonprofiteer
← CAROLINA THEATRE OF GREENSBORO INC

Form 990 for tax year 2022

Filed by CAROLINA THEATRE OF GREENSBORO INC.

Totals

Total revenue
$1,789,268
Total expenses
$1,643,351
Contributions and grants received
$766,673
Grants paid
$0
Program service revenue
$448,843
Investment income
$1,883
Other revenue
$571,869
Total assets, end of year
$7,717,317
Total liabilities, end of year
$248,482
Net assets or fund balances, end of year
$7,468,835
Program services expenses (Part IX)
$1,314,781
Management and general expenses
$232,315
Fundraising expenses
$96,255
Program service expenses (Part III)
$1,314,781

Program services were 80.0% 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.

  • 1b · Membership dues

    $97,338

  • 1e · Government grants (contributions)

    $15,000

  • 1f · All other contributions, gifts and grants

    $654,335

  • 2a · Program service revenue: BOX OFFICE REVENUE

    total $128,980 · related or exempt $128,980

  • 2b · Program service revenue: CT PRESENTS

    total $128,724 · related or exempt $128,724

  • 2c · Program service revenue: RESTORATION FEES

    total $85,144 · related or exempt $85,144

  • 2d · Program service revenue: PRODUCTION SERVICES

    total $57,602 · related or exempt $57,602

  • 2e · Program service revenue: FILMS REVENUE

    total $48,393 · related or exempt $48,393

  • 3 · Investment income

    total $1,883 · excluded $1,883

  • 6a · Gross rents

    real property $456,918

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $456,918

  • 6d · Net rental income or loss

    total $456,918 · excluded $456,918

  • 10a · Gross sales of inventory

    $227,634

  • 10b · Cost of goods sold

    $125,107

  • 10c · Net income from sales of inventory

    total $102,527 · related or exempt $102,527

  • 11a · Other revenue: PARKING LOT INCOME

    total $11,179 · unrelated business $11,179

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $1,245 · related or exempt $1,245

  • 11e · Other revenue, total

    $12,424

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $112,842 · program services $76,282 · management and general $22,568 · fundraising $13,992

  • 7 · Other salaries and wages

    total $280,631 · program services $177,146 · management and general $69,113 · fundraising $34,372

  • 9 · Other employee benefits

    total $58,558 · program services $39,373 · management and general $10,777 · fundraising $8,408

  • 10 · Payroll taxes

    total $44,709 · program services $32,638 · management and general $5,812 · fundraising $6,259

  • 11c · Fees: accounting

    total $18,100 · management and general $18,100

  • 12 · Advertising and promotion

    total $16,662 · program services $14,163 · management and general $833 · fundraising $1,666

  • 13 · Office expenses

    total $58,462 · program services $39,732 · management and general $14,381 · fundraising $4,349

  • 16 · Occupancy

    total $156,003 · program services $128,447 · management and general $19,720 · fundraising $7,836

  • 22 · Depreciation, depletion and amortization

    total $353,862 · program services $318,441 · management and general $35,421

  • 23 · Insurance

    total $31,940 · program services $23,954 · management and general $5,325 · fundraising $2,661

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $395 · management and general $395

  • 24b · Other expenses: BOX OFFICE EXPENSES

    total $129,524 · program services $129,524

  • 24c · Other expenses: CT PRESENTS

    total $120,656 · program services $120,656

  • 24d · Other expenses: LABOR EXPENSES

    total $94,416 · program services $94,416

  • 24e · All other expenses

    total $166,591 · program services $120,009 · management and general $29,870 · fundraising $16,712

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,848 · end of year $2,848

  • 2 · Savings and temporary cash investments

    beginning of year $469,180 · end of year $603,009

  • 3 · Pledges and grants receivable

    beginning of year $199,519 · end of year $147,436

  • 4 · Accounts receivable

    beginning of year $147,594 · end of year $32,802

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

    $10,671,907

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

    $3,779,001

  • 10c · Land, buildings and equipment, net

    beginning of year $6,645,983 · end of year $6,892,906

  • 11 · Investments: publicly traded securities

    beginning of year $25,859 · end of year $38,316

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,972 · end of year $32,700

  • 19 · Deferred revenue

    beginning of year $108,826 · end of year $215,782

  • 27 · Net assets without donor restrictions

    beginning of year $7,283,160 · end of year $7,468,835

  • 28 · Net assets with donor restrictions

    beginning of year $37,025 · end of year $0

Mission and programs · 2022

Mission

THE HISTORIC AND ARCHITECTURALLY SIGNIFICANT CAROLINA THEATRE PRESERVES AN IMPORTANT PART OF HISTORY; PROVIDES THE GREATER GREENSBORO COMMUNITY WITH A STATE-OF-THE-ART ENTERTAINMENT, CULTURAL, AND ASSEMBLY FACILITY; PRESENTS CULTURALLY DIVERSE PROGRAMS; PROVIDES EDUCATIONAL OPPORTUNITIES; AND SUPPORTS A VIBRANT DOWNTOWN.

Activities or mission (Part I)

PROMOTE ARTS IN THE COMMUNITY.

  • CAROLINA THEATRE IS A FULLY FUNCTIONING PERFORMING ARTS FACILITY. IT PRESENTS A VARIETY OF LIVE PERFORMANCES BY LOCAL PERFORMING ARTS GROUPS AND CELEBRITY ENTERTAINERS. CAROLINA THEATRE'S MANTRA IS "PRESENTING ARTS - PRESERVING HISTORY".

    Expenses $1,314,781 · Revenue $552,615

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Altina Layman

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • M Taylor Butler

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Steve Freyaldenhoven

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Regina Glaspie

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jessica Mashburn

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Bob Thurston

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Alicia Williams

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jim Everhart

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Betty Cone

    HONORARY CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert M Peddrick

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Charlie Brummitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eleanor Schaffner-Mosh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dawn S Chaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Cone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Felton Foushee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John W Graham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cooper Harrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Hoffmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce McClung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Davis McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Mengert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward Robinson Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eleanor Schaffner-Mosh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Irish Spencer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jace Strandberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Vaughan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Gray

    EXECUTIVE DIRECTOR

    Total calculated
    $109,692
    From this org
    $104,627
    From related orgs
    $0
    Other
    $5,065
    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • CAROLINA THEATRE BUILDING LLC

    BUILDING · NC · assets $5,679,765

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202431349349302968

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

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