Civic Intelligence

Potomac Theatre Project Inc

EIN 13-2960856 • 501(c)3 • Middlebury, VT

Profile

Promote theatrical arts with readings and productions.

4 Nedde LaneMiddlebury, VT 05753

www.potomactheatreproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.50x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

23.86x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

5th percentile

-400%

Higher net margin than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

42nd percentile

-7.8%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

72%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$47,259

Down $4,000 (-7.8%) from 2023

Liabilities

Flat

$23,861

Flat from 2023

Net Assets

Down

$23,398

Down $4,000 (-15%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin5th percentile

Revenue

Up

$1,000

Up $418 (+72%) from 2023

Expenses

Down

$5,000

Down $155 (-3.0%) from 2023

Net Income

Up

-$4,000

Up $573 (+13%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0-$20KAssets 2010: $638Liabilities 2010: $5,304Net Assets 2010: -$4,6662010Assets 2011: $26,684Liabilities 2011: $28,9742011Assets 2012: $19,631Liabilities 2012: $22,811Net Assets 2012: -$3,1802012Assets 2013: $40,824Liabilities 2013: $23,860Net Assets 2013: $16,9642013Assets 2014: $40,202Liabilities 2014: $23,860Net Assets 2014: $16,3422014Assets 2015: $48,199Liabilities 2015: $23,861Net Assets 2015: $24,3382015Assets 2016: $53,800Liabilities 2016: $23,861Net Assets 2016: $29,9392016Assets 2017: $63,627Liabilities 2017: $23,861Net Assets 2017: $39,7662017Assets 2018: $55,839Liabilities 2018: $23,861Net Assets 2018: $31,9782018Assets 2019: $59,780Liabilities 2019: $23,861Net Assets 2019: $35,9192019Assets 2020: $55,692Liabilities 2020: $23,861Net Assets 2020: $31,8312020Assets 2021: $41,421Liabilities 2021: $23,861Net Assets 2021: $17,5602021Assets 2022: $55,832Liabilities 2022: $23,861Net Assets 2022: $31,9712022Assets 2023: $51,259Liabilities 2023: $23,861Net Assets 2023: $27,3982023Assets 2024: $47,259Liabilities 2024: $23,861Net Assets 2024: $23,3982024

Highlighted filing

2024

Assets$47,259
Liabilities$23,861
Net Assets$23,398
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2010: $98,596Expenses 2010: $92,613Net Income 2010: $5,9832010Revenue 2011: $141,256Expenses 2011: $138,880Net Income 2011: $2,3762011Revenue 2012: $124,306Expenses 2012: $125,196Net Income 2012: -$8902012Revenue 2013: $217,524Expenses 2013: $197,380Net Income 2013: $20,1442013Revenue 2014: $241,489Expenses 2014: $242,111Net Income 2014: -$6222014Revenue 2015: $257,846Expenses 2015: $249,850Net Income 2015: $7,9962015Revenue 2016: $245,016Expenses 2016: $239,415Net Income 2016: $5,6012016Revenue 2017: $239,397Expenses 2017: $229,570Net Income 2017: $9,8272017Revenue 2018: $216,535Expenses 2018: $224,323Net Income 2018: -$7,7882018Revenue 2019: $239,861Expenses 2019: $235,920Net Income 2019: $3,9412019Revenue 2020: $7,958Expenses 2020: $12,046Net Income 2020: -$4,0882020Revenue 2021: $107,628Expenses 2021: $121,899Net Income 2021: -$14,2712021Revenue 2022: $182,248Expenses 2022: $167,837Net Income 2022: $14,4112022Revenue 2023: $582Expenses 2023: $5,155Net Income 2023: -$4,5732023Revenue 2024: $1,000Expenses 2024: $5,000Net Income 2024: -$4,0002024

Highlighted filing

2024

Revenue$1,000
Expenses$5,000
Net Income-$4,000
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,259
Liabilities
$23,861
Net assets
$23,398
Revenue
$1,000
Expenses
$5,000
Net income
-$4,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.47$0.24$0.23$0.01$0.05$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.51$0.24$0.27$0.01$0.05$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.56$0.24$0.32$1.82$1.68$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.24$0.18$1.08$1.22$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.24$0.32$0.08$0.12$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.24$0.36$2.40$2.36$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.24$0.32$2.17$2.24$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.24$0.40$2.39$2.30$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.24$0.30$2.45$2.39$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.24$0.24$2.58$2.50$0.08
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.40$0.24$0.16$2.41$2.42$0.01
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.41$0.24$0.17$2.18$1.97$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.23$0.03$1.24$1.25$0.01
2011Summary only. Only limited summary data is available for this year.$0.27$0.29$1.41$1.39$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.05$0.05$0.99$0.93$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,000
Mission and Program Overview

Mission

Promote theatrical arts with readings and productions.

Program Services

DescriptionGrantsExpenses
To promote theatrical arts through readings and promotions-$5,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard RomagnoliDir/PresidentPT$0--
Cheryl FaraoneSec/TreasPT$0--
James A PetosaVice President-$0--
Filing and Contact Details

Filer

Filer Name
Potomac Theatre Project Inc
EIN
13-2960856
Phone
8023883318
Address
4 Nedde Lane, Middlebury, VT 05753

Signing Officer

Name
Cheryl Faraone
Title
Member
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Verarose Muir & Company Inc
Address
1126 Cresthaven Drive, Silver Spring, MD 20903
Preparer
Verarose Muir
Phone
3014451018
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Production Expenses $5000”

Total Liabilities.1006

“Payable to Officers, Directors, Etc. - Beginning $23861 Payable to Officers, Directors, Etc. - Ending $23861”

Raw XML Appendix162 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0Cheryl Faraone
IRS990EZ/BooksInCareOfDetail/PhoneNum08022364062
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04 Nedde Road
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Middlebury
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd005753
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt051259
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt047259
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt01000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-4000
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt051259
IRS990EZ/Form990TotalAssetsGrp/EOYAmt047259
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt01000
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LoansToFromOfficersAmt023861
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt027398
IRS990EZ/NetAssetsOrFundBalancesEOYAmt023398
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt027398
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt023398
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt115.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt23.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Richard Romagnoli
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Cheryl Faraone
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2James A Petosa
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Dir/President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Sec/Treas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt05000
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Promote theatrical arts with readings and productions.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To promote theatrical arts through readings and promotions
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt05000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt023861
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt023861
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt05000
IRS990EZ/TotalProgramServiceExpensesAmt05000
IRS990EZ/TotalRevenueAmt01000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.potomactheatreproject.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0159051
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0105149
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt07920
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0273370
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0332
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt078
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0479
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0927
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt023119
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt023119
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0332
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0479
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0927
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00180
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99820
IRS990ScheduleA/PublicSupportTotal509Amt0296489
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0182170
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0105149
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt07920
IRS990ScheduleA/Total509Grp/TotalAmt0296489
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0582
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0182248
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0105628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07958
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0297416
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt023861
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0RichardRomagnoliCFaraone
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BoardMember
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Production Expenses $5000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Payable to Officers, Directors, Etc. - Beginning $23861 Payable to Officers, Directors, Etc. - Ending $23861
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Total Liabilities.1006
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Cheryl Faraone
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Member
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Potomac Theatre Project Inc
ReturnHeader/Filer/BusinessNameControlTxt0POTO
ReturnHeader/Filer/EIN0132960856
ReturnHeader/Filer/PhoneNum08023883318
ReturnHeader/Filer/USAddress/AddressLine1Txt04 Nedde Lane
ReturnHeader/Filer/USAddress/CityNm0Middlebury
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005753
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521958634
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Verarose Muir & Company Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01126 Cresthaven Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Silver Spring
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020903
ReturnHeader/PreparerPersonGrp/PhoneNum03014451018
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Verarose Muir
ReturnHeader/ReturnTs02025-11-17T12:58:11-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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