Civic Intelligence

Pure Theatre

990 • Fiscal year 2020 • EIN 13-4240676

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

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

93rd percentile

0.96x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.23x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

78th percentile

27%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$57,831

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

91st percentile

113%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

41%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$127,156

Up $67,586 (+113%) from 2019

Net Assets

Up

$5,547

Up $5,662 (+4923%) from 2019

Liabilities

Up

$121,609

Up $61,924 (+104%) from 2019

Revenue

Up

$532,962

Up $154,144 (+41%) from 2019

Expenses

Up

$388,145

Up $28,389 (+7.9%) from 2019

Net Income

Up

$144,817

Up $125,755 (+660%) from 2019

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

2020

Assets$127,156
Liabilities$121,609
Net Assets$5,547

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

2020

Revenue$532,962
Expenses$388,145
Net Income$144,817
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.1
Gross Receipts
$538,351
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,613$101,370▲ $72,757
Land, Buildings, and Equipment, Net$30,030$24,731▼ $5,299
Prepaid Expenses and Deferred Charges$927$1,055▲ $128
Total Assets$59,570$127,156▲ $67,586
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,235$55,835▲ $35,600
Deferred Revenue$13,503$35,396▲ $21,893
Accounts Payable and Accrued Expenses$25,947$30,378▲ $4,431
Total Liabilities$59,685$121,609▲ $61,924
Net Assets / Fund Balance
Net Assets With Donor Restrictions$-115$5,547▲ $5,662
Total Net Assets Fund Balance$-115$5,547▲ $5,662
Total Liabilities and Net Assets / Fund Balance$59,570$127,156▲ $67,586

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$24,731$10,598$35,329
Equipment-$6,311$6,311
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sharon GraciArtistic DirectorFT$57,831$57,831

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
$351,138
Program Service Revenue
$178,565
Investment Income
$59
Other Revenue
$3,200
All Other Contributions
$302,187
Change in Net Assets
$144,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,925
Salaries, Compensation, and Employee Benefits$190,220
Total Fundraising Expense$25,891
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$41,202$52,666$20,806$114,674
Current Officers, Directors, Trustees, and Key Employees$62,047--$62,047
Occupancy$9,500$11,664-$21,164
Advertising$17,191--$17,191
Fees for Services Other-$14,365-$14,365
Royalties$13,358--$13,358
Payroll Taxes$7,107$3,743$1,479$12,329
All Other Expenses$1,244$8,246$772$10,262
Depreciation Depletion$5,299--$5,299
Interest-$4,190-$4,190
Insurance-$4,026-$4,026
Information Technology-$2,968-$2,968
Office Expenses-$2,882-$2,882
Other Expenses$17,202-$2,834$2,834
Conferences and Meetings-$2,815-$2,815
Fees for Services Accounting-$1,215-$1,215
Other Employee Benefits-$1,170-$1,170
Travel$1,047--$1,047
Total Functional Expenses$252,304$109,950$25,891$388,145
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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, Part VI, Line 2

Related Party Information Among Officers Sharon Graci, Artistic Director is married to Rodney Lee Rogers, Production Director

Filing and Contact Details

Filer

Filer Name
Pure Theatre
EIN
13-4240676
Phone
8437234444
Address
134 Cannon Street, Charleston, SC 29403

Signing Officer

Name
Megan Wildebour
Title
Managing Director
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Wildebour
Formed
2005
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
130

Preparer

Firm
Kathryn M Abraham CPA LLC
Address
2370 Eagle Creek Drive, Charleston, SC 29414
Preparer
Kathryn M Abraham
Phone
8438106705
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

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 auditience come together to experience their world through exceptional theatrical performance. PURE continually makes three promises to its audiences 1. To always tell a story worth listening to 2. To only pursue excellence 3. To always gift the audience something to talk about

Form 990, 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 huan spirit, where diverse theatre artists and audiences come together to experience their world through exceptional theatrical performance. Charlestons acclaimed PURE Theatre has build 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 sohisticated and diverse audience with a taste for new work, PURE presents a compelling five-play season between September and June.

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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 auditience come together to experience their world through exceptional theatrical performance. PURE continually makes three promises to its audiences 1. To always tell a story worth listening to 2. To only pursue excellence 3. 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 huan spirit, where diverse theatre artists and audiences come together to experience their world through exceptional theatrical performance. Charlestons acclaimed PURE Theatre has build 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 sohisticated and diverse audience with a taste for new work, PURE presents a compelling five-play season between September and June.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Related Party Information Among Officers Sharon Graci, Artistic Director is married to Rodney Lee Rogers, Production Director
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ReturnHeader/BuildTS02022-09-23 18:48:47Z

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