Civic Intelligence

The Outer Loop Theater Experience Inc

990EZ • Fiscal year 2023 • EIN 27-2151031

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

611 Hammocks DriveFairport, NY 14450

(585) 732-4709

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE A65 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE A65 • <$500k nonprofits • Source year 2023

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2023 filings • NTEE A65 • <$500k nonprofits • Source year 2023

Top Officer Pay

91st percentile

$45,249

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 23.4% of source-year revenue.

2023 filings • NTEE A65 • <$500k nonprofits • Source year 2023

Asset Growth

80th percentile

40%

Faster asset growth than 80% of similar nonprofits.

2023 filings • NTEE A65 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

30%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • NTEE A65 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$120,217

Up $34,373 (+40%) from 2022

Net Assets

Up

$120,217

Up $34,373 (+40%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$193,432

Up $44,650 (+30%) from 2022

Expenses

Up

$159,059

Up $31,474 (+25%) from 2022

Net Income

Up

$34,373

Up $13,176 (+62%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2021: $64,647Liabilities 2021: $0Net Assets 2021: $64,6472021Assets 2022: $85,844Liabilities 2022: $0Net Assets 2022: $85,8442022Assets 2023: $120,217Liabilities 2023: $0Net Assets 2023: $120,2172023Assets 2024: $163,807Liabilities 2024: $0Net Assets 2024: $163,8072024

Highlighted filing

2023

Assets$120,217
Liabilities$0
Net Assets$120,217

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2021: $96,805Expenses 2021: $59,958Net Income 2021: $36,8472021Revenue 2022: $148,782Expenses 2022: $127,585Net Income 2022: $21,1972022Revenue 2023: $193,432Expenses 2023: $159,059Net Income 2023: $34,3732023Revenue 2024: $313,709Expenses 2024: $270,135Net Income 2024: $43,5742024

Highlighted filing

2023

Revenue$193,432
Expenses$159,059
Net Income$34,373
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$193,432
Mission and Program Overview

Mission

REFER TO SCH 0

Program Services

DescriptionGrantsExpenses
REFER TO SCH O-$159,059
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL HERMANPresidentFT$45,249-$45,249
RACHAEL YODERVice President-$0--
BRIAN ZORNSecretary-$0--
KAREN HERMANTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Outer Loop Theater Experience Inc
EIN
27-2151031
Address
611 HAMMOCKS DRIVE, FAIRPORT, NY 14450

Signing Officer

Name
Michael Herman
Title
President
Phone
5857324709
Signed
2024-11-04
Discuss with paid preparer
Yes

Preparer

Firm
Bryan M Gray CPA Pc
Address
160 LINDEN OAKS, Rochester, NY 14625
Preparer
Karen Herman
Phone
5852500288
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description amountfees 1,337meetings 2,820project expenses 48,793supplies 6,727travel 14,824website/marketing 1,943taxes 3,537

Part III response or note to any other line in Part III

What is the organizations primary exempt purpose-part iii to encourage literary and performance-based excellence by promoting the development and production of the work of playwrights and other artists and to discover stories that resonate with authors, playwrights, musicians and theater audiences, and to look for unique and engaging ways in which to present such stories. Part iii line 28the outer loop produces staged readings, workshops and full productions, we work primarily with students from schools, colleges and universities, to give them professional opportunities before they graduate while allowing them to hone their craft, we understand the value of experience, combined with education in developing ones skills in the theater and seek to provide this for young and emerging artists. Class sizes range from individual to small groups (1-30).

Raw XML Appendix163 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
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IRS990EZ/OperateHospitalInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTFEES 1,337MEETINGS 2,820PROJECT EXPENSES 48,793SUPPLIES 6,727TRAVEL 14,824WEBSITE/MARKETING 1,943TAXES 3,537
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHAT IS THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE-PART III TO ENCOURAGE LITERARY AND PERFORMANCE-BASED EXCELLENCE BY PROMOTING THE DEVELOPMENT AND PRODUCTION OF THE WORK OF PLAYWRIGHTS AND OTHER ARTISTS AND TO DISCOVER STORIES THAT RESONATE WITH AUTHORS, PLAYWRIGHTS, MUSICIANS AND THEATER AUDIENCES, AND TO LOOK FOR UNIQUE AND ENGAGING WAYS IN WHICH TO PRESENT SUCH STORIES. PART III LINE 28THE OUTER LOOP PRODUCES STAGED READINGS, WORKSHOPS AND FULL PRODUCTIONS, WE WORK PRIMARILY WITH STUDENTS FROM SCHOOLS, COLLEGES AND UNIVERSITIES, TO GIVE THEM PROFESSIONAL OPPORTUNITIES BEFORE THEY GRADUATE WHILE ALLOWING THEM TO HONE THEIR CRAFT, WE UNDERSTAND THE VALUE OF EXPERIENCE, COMBINED WITH EDUCATION IN DEVELOPING ONES SKILLS IN THE THEATER AND SEEK TO PROVIDE THIS FOR YOUNG AND EMERGING ARTISTS. CLASS SIZES RANGE FROM INDIVIDUAL TO SMALL GROUPS (1-30).
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part III response or note to any other line in Part III
ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Karen Herman
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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