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Nonprofiteer
← WACO THEATER CENTER

Form 990 for tax year 2022

Filed by WACO THEATER CENTER.

Totals

Total revenue
$1,866,880
Total expenses
$3,702,109
Contributions and grants received
$585,535
Grants paid
$0
Program service revenue
$48,906
Investment income
$5,400
Other revenue
$1,227,039
Total assets, end of year
$3,968,946
Total liabilities, end of year
$289,848
Net assets or fund balances, end of year
$3,679,098
Program services expenses (Part IX)
$2,898,335
Management and general expenses
$597,164
Fundraising expenses
$206,610
Program service expenses (Part III)
$2,898,335

Program services were 78.3% 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.

  • 1e · Government grants (contributions)

    $298,141

  • 1f · All other contributions, gifts and grants

    $287,394

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $48,906 · related or exempt $48,906

  • 3 · Investment income

    total $5,400 · excluded $5,400

  • 8a · Fundraising events: gross income

    $4,089,631

  • 8b · Fundraising events: direct expenses

    $2,876,057

  • 8c · Net income from fundraising events

    total $1,213,574

  • 11a · Other revenue: OTHER INCOME

    total $13,465 · excluded $13,465

  • 11e · Other revenue, total

    $13,465

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $351,425 · program services $242,483 · management and general $77,314 · fundraising $31,628

  • 7 · Other salaries and wages

    total $683,027 · program services $474,927 · management and general $149,144 · fundraising $58,956

  • 10 · Payroll taxes

    total $101,878 · program services $73,070 · management and general $20,578 · fundraising $8,230

  • 11a · Fees: management

    total $30,000 · management and general $7,500 · fundraising $22,500

  • 11b · Fees: legal

    total $48,148 · management and general $48,148

  • 11c · Fees: accounting

    total $87,607 · management and general $87,607

  • 11g · Fees: other

    total $185,476 · program services $166,459 · management and general $13,584 · fundraising $5,433

  • 12 · Advertising and promotion

    total $29,558 · program services $23,771 · management and general $4,133 · fundraising $1,654

  • 13 · Office expenses

    total $5,238 · program services $3,404 · management and general $1,310 · fundraising $524

  • 16 · Occupancy

    total $266,023 · program services $173,657 · management and general $65,976 · fundraising $26,390

  • 17 · Travel

    total $17,282 · program services $8,990 · management and general $3,457 · fundraising $4,835

  • 22 · Depreciation, depletion and amortization

    total $116,625 · program services $94,658 · management and general $15,691 · fundraising $6,276

  • 23 · Insurance

    total $42,410 · program services $17,302 · management and general $24,605 · fundraising $503

  • 24a · Other expenses: TALENT & PRODUCTION

    total $750,485 · program services $735,725 · management and general $10,200 · fundraising $4,560

  • 24b · Other expenses: PRODUCTION COST

    total $645,334 · program services $634,587 · management and general $7,677 · fundraising $3,070

  • 24c · Other expenses: A&W PROGRAM

    total $186,848 · program services $186,848

  • 24d · Other expenses: CONSULTING FEES

    total $42,321 · management and general $42,321

  • 24e · All other expenses

    total $112,424 · program services $62,454 · management and general $17,919 · fundraising $32,051

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $634,623 · end of year $36,010

  • 2 · Savings and temporary cash investments

    beginning of year $143,024 · end of year $148,665

  • 4 · Accounts receivable

    beginning of year $4,085,193 · end of year $3,013,932

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,510 · end of year $77,410

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

    $1,054,088

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

    $433,331

  • 10c · Land, buildings and equipment, net

    beginning of year $688,488 · end of year $620,757

  • 15 · Other assets

    end of year $72,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,908 · end of year $165,619

  • 22 · Loans and payables to officers and key people

    beginning of year $179,482 · end of year $124,229

  • 24 · Unsecured notes and loans payable

    beginning of year $149,236

  • 27 · Net assets without donor restrictions

    beginning of year $1,134,519 · end of year $665,307

  • 28 · Net assets with donor restrictions

    beginning of year $4,083,693 · end of year $3,013,791

Mission and programs · 2022

Mission

WACO (WHERE ART CAN OCCUR) THEATER CENTER IS A PERFORMING AND VISUAL ARTS ORGANIZATION THAT PRESENTS, COMMISSIONS AND DEVELOPS ARTISTIC WORKS DEDICATED TO STORIES OF THE AFRICAN DIASPORA. CO-FOUNDED BY RICHARD LAWSON AND TINA KNOWLES, WACO PROVIDES ARTISTS AND YOUNG PEOPLE A PLATFORM TO VOICE AND SHOWCASE THEIR CREATIVITY TO CONNECT AND INSPIRE OTHERS. WACO'S ARTISTIC AND EDUCATION PROGRAMS ARE DRIVEN BY FOUR VALUES. WE CREATE WORK THAT UNAPOLOGETICALLY: CENTERS BLACK ART AND CULTURE FROM A DIASPORIC LENS AND VOICE; INCUBATES AND LAUNCHES NEW CREATIVE IDEAS TO MEMORIALIZE THE PAST AND ENVISION THE FUTURE OF BLACK LIFE; IS COLLABORATIVE AND LEADS WITH AN UBUNTU MINDSET, "I AM, BECAUSE WE ARE- AND SERVES THE NEEDS OF THE COMMUNITY INCLUDING THE SOCIAL, ECONOMIC, AND CIVIC PRIORITIES OF OUR NEIGHBORS AND BLACK LOS ANGELES. NOW IN OUR SEVENTH SEASON, WE HAVE CONTINUED TO ELEVATE AN EMPHASIS ON THE HISTORY OF THE AFRICAN DIASPORA AND CULTURE IN OUR PROGRAMMING. WE FIRMLY BELIEVE IN THE POWE

Activities or mission (Part I)

WACO THEATER CENTER IS A PERFORMING AND VISUAL ARTS ORGANIZATION THAT PRESENTS, COMMISSIONS AND DEVELOPS ARTISTIC WORKS DEDICATED TO STORIES OF THE AFRICAN DIASPORA. WACO PROVIDES ARTISTS AND YOUNG PEOPLE A PLATFORM AND VOICE TO SHOWCASE THEIR CREATIVITY, IN ORDER TO CONNECT AND INSPIRE OTHERS.

  • OUR EDUCATION PROGRAM, THE ANGELS AND WARRIORS MENTORSHIP PROGRAM PROVIDES WRAP-AROUND SERVICES TO FACILITATE PERSONAL DEVELOPMENT AND GROWTH FOR YOUNG PEOPLE FROM 8TH GRADE THROUGH COLLEGE. WE EMPOWER PARTICIPANTS TO IDENTIFY THEIR DREAMS, AND THROUGH MENTORSHIP, GAIN THE CLARITY,DISCIPLINE, AND SKILL TO ACHIEVE THOSE DREAMS. THE PROGRAM CURRICULUM INCLUDES OFF SITE FIELD TRIPS AND WORKSHOPS WITH GUEST ARTISTS TO FOSTER SKILL DEVELOPMENT AND AWARENESS OF THE ARTS AND FUTURE CAREERS. IN ASSOCIATION WITH RICHARD LAWSON STUDIOS, WE PRESENTED THE 3RD ANNUAL FILMS FOR TEENS BY TEENS FILM FESTIVAL IN FISCAL YEAR 2023.

    Expenses $615,928

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,282,407 · Revenue $48,906

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Richard Lawson

    PRESIDENT

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tina Knowles-Lawson

    VICE-PRESIDE

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Angeliki Giannakopolous

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Melba Lfarquhar

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Glynn Turman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ralph Farquhar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Wiseman

    BOARD 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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349300819

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