Civic Intelligence

Pure Theatre

990 • Fiscal year 2019 • EIN 13-4240676

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 06, 2020

134 Cannon StreetCharleston, SC 29403

(843) 723-4444

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.16x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

54th percentile

5.0%

Higher net margin than 54% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$53,825

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

97th percentile

466%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-13%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$59,570

Up $49,054 (+466%) from 2018

Net Assets

Up

-$115

Up $19,062 (+99%) from 2018

Liabilities

Up

$59,685

Up $29,992 (+101%) from 2018

Revenue

Down

$378,818

Down $58,877 (-13%) from 2018

Expenses

Down

$359,756

Down $68,971 (-16%) from 2018

Net Income

Up

$19,062

Up $10,094 (+113%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100KAssets 2011: $8,243Liabilities 2011: $02011Assets 2012: $4,019Liabilities 2012: $30,709Net Assets 2012: -$26,6902012Assets 2013: $21,090Liabilities 2013: $27,257Net Assets 2013: -$6,1672013Assets 2014: $54,207Liabilities 2014: $14,505Net Assets 2014: $39,7022014Assets 2015: $100,522Liabilities 2015: $13,336Net Assets 2015: $87,1862015Assets 2016: $39,397Liabilities 2016: $10,130Net Assets 2016: $29,2672016Assets 2017: $16,919Liabilities 2017: $45,064Net Assets 2017: -$28,1452017Assets 2018: $10,516Liabilities 2018: $29,693Net Assets 2018: -$19,1772018Assets 2019: $59,570Liabilities 2019: $59,685Net Assets 2019: -$1152019Assets 2020: $127,156Liabilities 2020: $121,609Net Assets 2020: $5,5472020Assets 2021: $157,044Liabilities 2021: $78,186Net Assets 2021: $78,8582021Assets 2022: $164,150Liabilities 2022: $89,234Net Assets 2022: $74,9162022Assets 2023: $189,443Liabilities 2023: $74,233Net Assets 2023: $115,2102023Assets 2024: $167,542Liabilities 2024: $95,065Net Assets 2024: $72,4772024Assets 2025: $138,323Liabilities 2025: $113,913Net Assets 2025: $24,4102025

Highlighted filing

2019

Assets$59,570
Liabilities$59,685
Net Assets-$115

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $192,690Expenses 2011: $189,672Net Income 2011: $3,0182011Expenses 2012: $239,4402012Revenue 2013: $146,099Expenses 2013: $125,576Net Income 2013: $20,5232013Revenue 2014: $315,383Expenses 2014: $269,514Net Income 2014: $45,8692014Revenue 2015: $379,459Expenses 2015: $331,975Net Income 2015: $47,4842015Revenue 2016: $357,762Expenses 2016: $415,681Net Income 2016: -$57,9192016Revenue 2017: $345,502Expenses 2017: $402,914Net Income 2017: -$57,4122017Revenue 2018: $437,695Expenses 2018: $428,727Net Income 2018: $8,9682018Revenue 2019: $378,818Expenses 2019: $359,756Net Income 2019: $19,0622019Revenue 2020: $532,962Expenses 2020: $388,145Net Income 2020: $144,8172020Revenue 2021: $334,014Expenses 2021: $299,329Net Income 2021: $34,6852021Revenue 2022: $487,182Expenses 2022: $543,997Net Income 2022: -$56,8152022Revenue 2023: $670,624Expenses 2023: $630,695Net Income 2023: $39,9292023Revenue 2024: $713,069Expenses 2024: $755,930Net Income 2024: -$42,8612024Revenue 2025: $782,248Expenses 2025: $829,321Net Income 2025: -$47,0732025

Highlighted filing

2019

Revenue$378,818
Expenses$359,756
Net Income$19,062
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 6, 2020
Return Version
2018v3.2
Gross Receipts
$386,860
Mission and Program Overview

Mission

Pure theatres mission is to create exceptional theatre experiences that enliven thought, ignite dialogue, and expand consciousness. Pure theatre seeks to be a model for excellence in small professional theatre. We strive to lead in the creation and production of new work, and the interpretation of established plays. Pure theatre is a company that draws upon our love of story, history, and the energy of the human spirit, where diverse theatre artists and audiences come together to experience their world through exceptional theatrical performance. Pure continually makes three promises to its audience: to always tell a story worth listening to to only pursue excellence to always gift the audience something to talk about

To create exceptional theatre experiences that enliven thought, ignite dialogue, and expand consciousness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$30,030-
Cash and Non-Interest-Bearing Accounts$-1,632$28,613▲ $30,245
Accounts Receivable$11,516--
Prepaid Expenses and Deferred Charges$632$927▲ $295
Total Assets$10,516$59,570▲ $49,054
Liabilities
Accounts Payable and Accrued Expenses$28,818$25,947▼ $2,871
Unsecured Notes Loans Payable-$20,235-
Deferred Revenue$875$13,503▲ $12,628
Total Liabilities$29,693$59,685▲ $29,992
Net Assets / Fund Balance
Temporarily Rstr Net Assets$68,922--
Unrestricted Net Assets$-88,099$-115▲ $87,984
Total Net Assets Fund Balance$-19,177$-115▲ $19,062
Total Liabilities and Net Assets / Fund Balance$10,516$59,570▲ $49,054

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$30,030$5,299$35,329
Equipment-$6,311$6,311
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sharon GraciArtistic DirectorFT$53,825$53,825

Board Members and Trustees

NameTitle
James MarinoChair
Amy GaffneyBoard Member
David AlbenbergBoard Member
Peter CalcagnoBoard Member
Susan MeloyBoard Member
Michael CullerSecretary
Barry AbramsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$252,803
Program Service Revenue
$122,510
Investment Income
$204
Other Revenue
$3,301
All Other Contributions
$211,244
Change in Net Assets
$19,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,981
Salaries, Compensation, and Employee Benefits$162,775
Total Fundraising Expense$8,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,443$11,769$1,472$98,684
Fees for Services Other$89,411$1,000$432$90,843
Current Officers, Directors, Trustees, and Key Employees$44,449$2,614$5,229$52,292
Office Expenses$16,001$1,703$440$18,144
Advertising$15,738--$15,738
Royalties$14,903--$14,903
Occupancy$10,372$1,265$345$11,982
Payroll Taxes$10,151$1,328$320$11,799
Conferences and Meetings$7,415$438$120$7,973
Depreciation Depletion$5,299--$5,299
Interest-$4,095-$4,095
Travel$3,733$188$51$3,972
Insurance$1,413$1,328$49$2,790
Information Technology$1,131$336-$1,467
Fees for Services Accounting-$650-$650
Other Expenses$4,491$407-$407
Total Functional Expenses$324,177$27,121$8,458$359,756
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,177
Fundraising Gross Income$2,177
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Rodney lee rogers sharon graci prod. Direct artistic dir spouse

Form 990, Page 6, Part VI, Line 11B

A draft of the form 990 is provided to the board of directors for a comment period. Once that comment period is complete and any questions are addressed, the form 990 is efiled.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request at the theatre's corporate offices.

Filing and Contact Details

Filer

Filer Name
Pure Theater
EIN
13-4240676
Phone
8437234444
Address
134 CANNON STREET, CHARLESTON, SC 29403

Signing Officer

Name
Sharon Graci
Title
Artistic Director
Phone
8437234444
Signed
2020-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Graci
Formed
2005
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
132

Preparer

Firm
Glaser and Company LLC
Address
149 E BAY ST SUITE 200, CHARLESTON, SC 29401-3134
Preparer
Erik M Glaser CPA
Phone
8438490179
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Pure theatres mission is to create exceptional theatre experiences that enliven thought, ignite dialogue, and expand consciousness. Pure theatre seeks to be a model for excellence in small professional theatre. We strive to lead in the creation and production of new work, and the interpretation of established plays. Pure theatre is a company that draws upon our love of story, history, and the energy of the human spirit, where diverse theatre artists and audiences come together to experience their world through exceptional theatrical performance. Pure continually makes three promises to its audience: to always tell a story worth listening to to only pursue excellence to always gift the audience something to talk about

Form 990, Page 2, Part III, Line 4A

Pure theatre seeks to be a model for excellence in small professional theatre. We strive to lead in the creation and production of new work, and the interpretation of established plays. Pure theatre is a company that draws upon our love of story, history, and the energy of the human spirit, where diverse theatre artists and audiences come together to experience their world through exceptional theatrical performance. Charlestons acclaimed pure theatre have built a solid reputation for artistic excellence in provocative contemporary theatre. Pures 15th anniversary season enjoyed record attendance of both new and returning audiences. The 20 professional actors comprising the core ensemble are the soul of pures work. Serving a sophisticated and diverse audience with a taste for new work, pure presents a compelling five-play season between september and june. Endeavoring annually to outdo what was accomplished in years past, pure continually makes three promises to its audience: to always tell a story worth listening to to only pursue excellence to always gift the audience something to talk about the company has been lauded for coupling artistic risk-taking with a passionate commitment to addressing the important and often hilarious challenges of being human in the world today, yesterday, and tomorrow. Accolades include 7 best actor/actress awards, best play/best one person play awards, and 2 artist fellowships in acting and playwriting from the sc arts commission. As the producer of 20+ world premieres and 70+ regional premieres, pure has been praised for its exceptional programming and diversity in casting. While the company at times has thrived nomadically, in 2011 pure settled in its home at 477 king street. In 20182019, pure began a new phase of its journey as the anchor tenant at the new cannon street arts center located at 134 cannon street in downtown charleston.

Form 990, Part IX, Line 11G

Co-producer split 3,078 0 0 consulting fees 5,950 700 350 contract labor - programing 78,042 0 0 payroll processing fees 2,341 300 82 total 89,411 1,000 432

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IRS990/Desc0PURE THEATRE SEEKS TO BE A MODEL FOR EXCELLENCE IN SMALL PROFESSIONAL THEATRE. WE STRIVE TO LEAD IN THE CREATION AND PRODUCTION OF NEW WORK, AND THE INTERPRETATION OF ESTABLISHED PLAYS. PURE THEATRE IS A COMPANY THAT DRAWS UPON OUR LOVE OF STORY, HISTORY, AND THE ENERGY OF THE HUMAN SPIRIT, WHERE DIVERSE THEATRE ARTISTS AND AUDIENCES COME TOGETHER TO EXPERIENCE THEIR WORLD THROUGH EXCEPTIONAL THEATRICAL PERFORMANCE. CHARLESTONS ACCLAIMED PURE THEATRE HAVE BUILT A SOLID REPUTATION FOR ARTISTIC EXCELLENCE IN PROVOCATIVE CONTEMPORARY THEATRE. PURES 15TH ANNIVERSARY SEASON ENJOYED RECORD ATTENDANCE OF BOTH NEW AND RETURNING AUDIENCES. THE 20 PROFESSIONAL ACTORS COMPRISING THE CORE ENSEMBLE ARE THE SOUL OF PURES WORK. SERVING A SOPHISTICATED AND DIVERSE AUDIENCE WITH A TASTE FOR NEW WORK, PURE PRESENTS A COMPELLING FIVE-PLAY SEASON BETWEEN SEPTEMBER AND JUNE. ENDEAVORING ANNUALLY TO OUTDO WHAT WAS ACCOMPLISHED IN YEARS PAST, PURE CONTINUALLY MAKES THREE PROMISES TO ITS AUDIENCE: TO ALWAYS TELL A STORY WORTH LISTENING TO TO ONLY PURSUE EXCELLENCE TO ALWAYS GIFT THE AUDIENCE SOMETHING TO TALK ABOUT THE COMPANY HAS BEEN LAUDED FOR COUPLING ARTISTIC RISK-TAKING WITH A PASSIONATE COMMITMENT TO ADDRESSING THE IMPORTANT AND OFTEN HILARIOUS CHALLENGES OF BEING HUMAN IN THE WORLD TODAY, YESTERDAY, AND TOMORROW. ACCOLADES INCLUDE 7 BEST ACTOR/ACTRESS AWARDS, BEST PLAY/BEST ONE PERSON PLAY AWARDS, AND 2 ARTIST FELLOWSHIPS IN ACTING AND PLAYWRITING FROM THE SC ARTS COMMISSION. AS THE PRODUCER OF 20+ WORLD PREMIERES AND 70+ REGIONAL PREMIERES, PURE HAS BEEN PRAISED FOR ITS EXCEPTIONAL PROGRAMMING AND DIVERSITY IN CASTING. WHILE THE COMPANY AT TIMES HAS THRIVED NOMADICALLY, IN 2011 PURE SETTLED IN ITS HOME AT 477 KING STREET. IN 20182019, PURE BEGAN A NEW PHASE OF ITS JOURNEY AS THE ANCHOR TENANT AT THE NEW CANNON STREET ARTS CENTER LOCATED AT 134 CANNON STREET IN DOWNTOWN CHARLESTON.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURE THEATRES MISSION IS TO CREATE EXCEPTIONAL THEATRE EXPERIENCES THAT ENLIVEN THOUGHT, IGNITE DIALOGUE, AND EXPAND CONSCIOUSNESS. PURE THEATRE SEEKS TO BE A MODEL FOR EXCELLENCE IN SMALL PROFESSIONAL THEATRE. WE STRIVE TO LEAD IN THE CREATION AND PRODUCTION OF NEW WORK, AND THE INTERPRETATION OF ESTABLISHED PLAYS. PURE THEATRE IS A COMPANY THAT DRAWS UPON OUR LOVE OF STORY, HISTORY, AND THE ENERGY OF THE HUMAN SPIRIT, WHERE DIVERSE THEATRE ARTISTS AND AUDIENCES COME TOGETHER TO EXPERIENCE THEIR WORLD THROUGH EXCEPTIONAL THEATRICAL PERFORMANCE. PURE CONTINUALLY MAKES THREE PROMISES TO ITS AUDIENCE: TO ALWAYS TELL A STORY WORTH LISTENING TO TO ONLY PURSUE EXCELLENCE TO ALWAYS GIFT THE AUDIENCE SOMETHING TO TALK ABOUT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PURE THEATRE SEEKS TO BE A MODEL FOR EXCELLENCE IN SMALL PROFESSIONAL THEATRE. WE STRIVE TO LEAD IN THE CREATION AND PRODUCTION OF NEW WORK, AND THE INTERPRETATION OF ESTABLISHED PLAYS. PURE THEATRE IS A COMPANY THAT DRAWS UPON OUR LOVE OF STORY, HISTORY, AND THE ENERGY OF THE HUMAN SPIRIT, WHERE DIVERSE THEATRE ARTISTS AND AUDIENCES COME TOGETHER TO EXPERIENCE THEIR WORLD THROUGH EXCEPTIONAL THEATRICAL PERFORMANCE. CHARLESTONS ACCLAIMED PURE THEATRE HAVE BUILT A SOLID REPUTATION FOR ARTISTIC EXCELLENCE IN PROVOCATIVE CONTEMPORARY THEATRE. PURES 15TH ANNIVERSARY SEASON ENJOYED RECORD ATTENDANCE OF BOTH NEW AND RETURNING AUDIENCES. THE 20 PROFESSIONAL ACTORS COMPRISING THE CORE ENSEMBLE ARE THE SOUL OF PURES WORK. SERVING A SOPHISTICATED AND DIVERSE AUDIENCE WITH A TASTE FOR NEW WORK, PURE PRESENTS A COMPELLING FIVE-PLAY SEASON BETWEEN SEPTEMBER AND JUNE. ENDEAVORING ANNUALLY TO OUTDO WHAT WAS ACCOMPLISHED IN YEARS PAST, PURE CONTINUALLY MAKES THREE PROMISES TO ITS AUDIENCE: TO ALWAYS TELL A STORY WORTH LISTENING TO TO ONLY PURSUE EXCELLENCE TO ALWAYS GIFT THE AUDIENCE SOMETHING TO TALK ABOUT THE COMPANY HAS BEEN LAUDED FOR COUPLING ARTISTIC RISK-TAKING WITH A PASSIONATE COMMITMENT TO ADDRESSING THE IMPORTANT AND OFTEN HILARIOUS CHALLENGES OF BEING HUMAN IN THE WORLD TODAY, YESTERDAY, AND TOMORROW. ACCOLADES INCLUDE 7 BEST ACTOR/ACTRESS AWARDS, BEST PLAY/BEST ONE PERSON PLAY AWARDS, AND 2 ARTIST FELLOWSHIPS IN ACTING AND PLAYWRITING FROM THE SC ARTS COMMISSION. AS THE PRODUCER OF 20+ WORLD PREMIERES AND 70+ REGIONAL PREMIERES, PURE HAS BEEN PRAISED FOR ITS EXCEPTIONAL PROGRAMMING AND DIVERSITY IN CASTING. WHILE THE COMPANY AT TIMES HAS THRIVED NOMADICALLY, IN 2011 PURE SETTLED IN ITS HOME AT 477 KING STREET. IN 20182019, PURE BEGAN A NEW PHASE OF ITS JOURNEY AS THE ANCHOR TENANT AT THE NEW CANNON STREET ARTS CENTER LOCATED AT 134 CANNON STREET IN DOWNTOWN CHARLESTON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RODNEY LEE ROGERS SHARON GRACI PROD. DIRECT ARTISTIC DIR SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR A COMMENT PERIOD. ONCE THAT COMMENT PERIOD IS COMPLETE AND ANY QUESTIONS ARE ADDRESSED, THE FORM 990 IS EFILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE THEATRE'S CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CO-PRODUCER SPLIT 3,078 0 0 CONSULTING FEES 5,950 700 350 CONTRACT LABOR - PROGRAMING 78,042 0 0 PAYROLL PROCESSING FEES 2,341 300 82 TOTAL 89,411 1,000 432
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.38$1.14$0.24$7.82$8.29$0.47
2024Detailed filing. Detailed filing data is available for this year.$1.68$0.95$0.72$7.13$7.56$0.43
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.74$1.15$6.71$6.31$0.40
2022Detailed filing. Detailed filing data is available for this year.$1.64$0.89$0.75$4.87$5.44$0.57
2021Detailed filing. Detailed filing data is available for this year.$1.57$0.78$0.79$3.34$2.99$0.35
2020Detailed filing. Detailed filing data is available for this year.$1.27$1.22$0.06$5.33$3.88$1.45
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.60$0.00$3.79$3.60$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.30$0.19$4.38$4.29$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.45$0.28$3.46$4.03$0.57
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.10$0.29$3.58$4.16$0.58
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.13$0.87$3.79$3.32$0.47
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.15$0.40$3.15$2.70$0.46
2013Summary only. Only limited summary data is available for this year.$0.21$0.27$0.06$1.46$1.26$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.31$0.27$2.39
2011Summary only. Only limited summary data is available for this year.$0.08$0.00$1.93$1.90$0.03