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Nonprofiteer
← CHILDRENS THEATRE OF CINCINNATI

Form 990 for tax year 2023

Filed by CHILDRENS THEATRE OF CINCINNATI.

Totals

Total revenue
$16,253,344
Total expenses
$4,479,246
Contributions and grants received
$13,443,570
Grants paid
$0
Program service revenue
$1,924,512
Investment income
$845,938
Other revenue
$39,324
Total assets, end of year
$51,482,511
Total liabilities, end of year
$1,873,760
Net assets or fund balances, end of year
$49,608,751
Program services expenses (Part IX)
$3,248,174
Management and general expenses
$594,395
Fundraising expenses
$636,677
Program service expenses (Part III)
$3,248,174

Program services were 72.5% 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.

  • 1a · Federated campaigns

    $232,100

  • 1b · Membership dues

    $9,585

  • 1c · Fundraising events

    $98,344

  • 1e · Government grants (contributions)

    $133,373

  • 1f · All other contributions, gifts and grants

    $12,970,168

  • 1g · Noncash contributions included above

    $3,406,624

  • 2a · Program service revenue: Performance Income

    total $1,525,153 · related or exempt $1,525,153

  • 2b · Program service revenue: Academy Income

    total $356,005 · related or exempt $356,005

  • 2c · Program service revenue: Other program income

    total $43,354 · related or exempt $43,354

  • 3 · Investment income

    total $781,835 · excluded $781,835

  • 7a · Gross sales of assets other than inventory

    securities $428,091

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

    securities $363,988

  • 7c · Gain or loss

    securities $64,103

  • 7d · Net gain or loss

    total $64,103 · excluded $64,103

  • 8a · Fundraising events: gross income

    $32,326

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

    $98,344

  • 8b · Fundraising events: direct expenses

    $32,326

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $12,098

  • 9b · Gaming: direct expenses

    $1,717

  • 9c · Net income from gaming

    total $10,381 · excluded $10,381

  • 11a · Other revenue: Other Revenues

    total $28,943 · unrelated business $16,691 · excluded $12,252

  • 11e · Other revenue, total

    $28,943

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $206,081 · program services $41,216 · management and general $65,102 · fundraising $99,763

  • 7 · Other salaries and wages

    total $1,542,806 · program services $1,242,343 · management and general $110,304 · fundraising $190,159

  • 8 · Pension plan contributions

    total $22,210 · program services $17,051 · management and general $1,947 · fundraising $3,212

  • 9 · Other employee benefits

    total $147,187 · program services $111,860 · management and general $13,328 · fundraising $21,999

  • 10 · Payroll taxes

    total $141,485 · program services $104,178 · management and general $14,064 · fundraising $23,243

  • 11b · Fees: legal

    total $41,811 · program services $4,234 · management and general $8,125 · fundraising $29,452

  • 11c · Fees: accounting

    total $44,991 · program services $4,556 · management and general $40,435

  • 11d · Fees: lobbying

    total $27,000 · management and general $27,000

  • 11e · Fees: professional fundraising services

    total $102,500 · fundraising $102,500

  • 11f · Fees: investment management

    total $23,582 · management and general $23,582

  • 11g · Fees: other

    total $146,064 · program services $27,904 · fundraising $118,160

  • 12 · Advertising and promotion

    total $101,073 · management and general $100,621 · fundraising $452

  • 14 · Information technology

    total $67,769 · program services $57,384 · management and general $3,880 · fundraising $6,505

  • 16 · Occupancy

    total $362,091 · program services $313,419 · management and general $44,133 · fundraising $4,539

  • 17 · Travel

    total $84,075 · program services $77,006 · management and general $5,909 · fundraising $1,160

  • 22 · Depreciation, depletion and amortization

    total $254,005 · program services $215,877 · management and general $21,182 · fundraising $16,946

  • 23 · Insurance

    total $130,944 · program services $24,487 · management and general $104,068 · fundraising $2,389

  • 24a · Other expenses: Production Costs

    total $580,640 · program services $580,620 · management and general $20

  • 24b · Other expenses: Production Labor

    total $286,497 · program services $286,447 · fundraising $50

  • 24c · Other expenses: Other

    total $76,829 · program services $65,055 · management and general $4,399 · fundraising $7,375

  • 24d · Other expenses: Bank & Credit Service C

    total $71,537 · program services $60,574 · management and general $4,096 · fundraising $6,867

  • 24e · All other expenses

    total $18,069 · program services $13,963 · management and general $2,200 · fundraising $1,906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,631,206 · end of year $20,211,195

  • 3 · Pledges and grants receivable

    beginning of year $7,105,062 · end of year $4,910,994

  • 4 · Accounts receivable

    end of year $112,612

  • 7 · Other notes and loans receivable

    end of year $5,775,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,310 · end of year $256,851

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

    $7,164,435

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

    $2,489,141

  • 10c · Land, buildings and equipment, net

    beginning of year $4,856,277 · end of year $4,675,294

  • 11 · Investments: publicly traded securities

    beginning of year $6,656,831 · end of year $7,888,700

  • 13 · Investments: program-related

    end of year $6,915,223

  • 14 · Intangible assets

    beginning of year $8,000 · end of year $33,000

  • 15 · Other assets

    beginning of year $2,829,884 · end of year $703,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,625 · end of year $161,036

  • 19 · Deferred revenue

    beginning of year $515,623 · end of year $639,582

  • 25 · Other liabilities

    beginning of year $113,697 · end of year $1,073,142

  • 27 · Net assets without donor restrictions

    beginning of year $11,164,852 · end of year $15,510,999

  • 28 · Net assets with donor restrictions

    beginning of year $26,219,773 · end of year $34,097,752

Mission and programs · 2023

Mission

The mission of The Children's Theatre of Cincinnati (TCT) is to educate, entertain and engage audiences of all ages through professional theatrical productions and arts education programming. Our vision is to awaken a lifelong love of theatre in children and the young at heart. Today, The Children's Theatre brings art to life for our audiences through three key programs, TCT MainStage at the Taft Theatre, TCT Academy, and TCT On Tour (including WorkShops). Each season we strive to reach over 200,000 people in our region.

  • TCT MainStage at the Taft Theatre includes daytime performances for school audiences and weekend performances for the public. Four production runs are held each year, with individual shows formatted into one-hour, family-friendly events. For each production, we present seven performances for public audiences and ten performances for school students, reaching almost 87,624 families, children and students annually.

    Expenses $2,492,242 · Revenue $1,473,507

  • TCT Academy offers arts training to children in a variety of disciplines including ten-week class sessions; one-week themed summer camps for introductory arts makers; our audition-based, one-month STAR Intensive summer programs for children with demonstrated talent and interest in the performing arts; and Academy LIVE! training with a culminating performance opportunity. In addition to learning the arts, a primary objective for these programs is to provide students with the necessary tools to become successful adults.

    Expenses $575,661 · Revenue $356,005

  • TCT On Tour and WorkShops brings the magic of live theatre directly to those who would otherwise be unable to experience it. We tour five productions each season, serving children of all ages with titles taken from classic literature, fairy tales, history, and other works studied in school curricula. This program reaches an additional 48,772 students annually. TCT On Tour productions are educational and entertaining, as well as affordable, for schools and other venues across the board geographic spectrum of Ohio, Kentucky, Indiana and beyond.

    Expenses $180,271 · Revenue $95,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Owen Wrassman

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Greg Adams

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    0.1

  • Charlie Schiff

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.3

  • Allison Kropp

    Chair

    Total calculated
    $0
    Hours/week
    0.6

  • Andrew Simon

    Secretary

    Total calculated
    $0
    Hours/week
    0.2

  • David Crowley

    Treasurer

    Total calculated
    $0
    Hours/week
    0.3

  • Jeanette Altenau

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Libby Galvin Brock

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Peter Brown

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Sarah Anne Campbell

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Grant Cooper

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Maris Croswell

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Darcie D'Acenzo

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Melinda Davis

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Abby Dougherty

    Trustee - EXIT 5/31/2024

    Total calculated
    $0
    Hours/week
    0.2

  • Dan Driehaus

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Molly Garber

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Paul Griscom

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Sarah Haines

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Peter Horton

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Katherine Jarnigo

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Leanne Langdon

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Rajan Kamath

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Kick Lee

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Skip Merten

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Meghan Nelson

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Kathy Sias

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Bethany Smith

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Jennifer Spieser

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Scott Stubbins

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Kim Kern

    Managing Director & CEO

    Total calculated
    $195,160
    From this org
    $193,860
    From related orgs
    $0
    Other
    $1,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,365
    Bonus
    $15,000
    Other
    $6,495
    Deferred
    $1,300
    Nontaxable benefits
    $0
    Filer's total
    $195,160

  • Chad Stewart-start Nov 2023

    CFO

    Total calculated
    $10,922
    From this org
    $10,922
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Roderick Justice

    Artistic Director

    Total calculated
    $129,856
    From this org
    $119,811
    From related orgs
    $0
    Other
    $10,045
    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. 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

  • 3 · Approval by the board or compensation committee

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TCT Emery SHTC LLC

    Real Estate · OH · 100% owned · general or managing partner

    Directly controlled by TCT Emery Manager LLC

  • TCT Emery Landlord LLC

    Real Estate · OH · 79.9% owned · share of assets $3,436,715 · general or managing partner

    Directly controlled by TCT Emery Manager LLC

  • TCT Emery HTC Tenant LLC

    Rental · OH · 1% owned · share of assets $63,616

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TCT Emery Manager LLC

    C · Real Estate · OH · 100% owned · controlled entity

    Directly controlled by The Children's Theatre of Cincinnati

Provenance

Return type
form_990
Tax year
2023
Filed
26 February 2025
IRS schema version
2023v6.0
Source object
202520639349300912

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