Civic Intelligence

The Magnetic Theatre Inc

990EZ • Fiscal year 2015 • EIN 27-4033269

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 09, 2016

PO Box 16525Asheville, NC 28816

(828) 279-4155

Siviq Scores

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

Liabilities / Assets

74th percentile

0.07x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

78th percentile

$8,021

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

90th percentile

90%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

159%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$41,902

Up $19,849 (+90%) from 2014

Net Assets

Up

$38,976

Up $17,315 (+80%) from 2014

Liabilities

Up

$2,926

Up $2,534 (+646%) from 2014

Revenue

Up

$106,560

Up $65,380 (+159%) from 2014

Expenses

Up

$89,245

Up $57,969 (+185%) from 2014

Net Income

Up

$17,315

Up $7,411 (+75%) from 2014

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2013: $15,689Liabilities 2013: $4,794Net Assets 2013: $10,8952013Assets 2014: $22,053Liabilities 2014: $392Net Assets 2014: $21,6612014Assets 2015: $41,902Liabilities 2015: $2,926Net Assets 2015: $38,9762015Assets 2017: $52,971Liabilities 2017: $1,355Net Assets 2017: $51,6162017Assets 2018: $46,668Liabilities 2018: $0Net Assets 2018: $46,6682018Assets 2019: $46,580Net Assets 2019: $46,5802019Assets 2020: $51,339Net Assets 2020: $51,3392020Assets 2021: $68,597Liabilities 2021: $441Net Assets 2021: $68,1562021Assets 2022: $78,632Liabilities 2022: $565Net Assets 2022: $78,0672022Assets 2023: $39,983Net Assets 2023: $39,9832023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2015

Assets$41,902
Liabilities$2,926
Net Assets$38,976

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $56,295Expenses 2013: $46,898Net Income 2013: $9,3972013Revenue 2014: $41,180Expenses 2014: $31,276Net Income 2014: $9,9042014Revenue 2015: $106,560Expenses 2015: $89,245Net Income 2015: $17,3152015Revenue 2017: $155,587Expenses 2017: $149,291Net Income 2017: $6,2962017Revenue 2018: $114,688Expenses 2018: $119,636Net Income 2018: -$4,9482018Revenue 2019: $128,745Expenses 2019: $128,833Net Income 2019: -$882019Revenue 2020: $79,826Expenses 2020: $75,067Net Income 2020: $4,7592020Revenue 2021: $148,166Expenses 2021: $131,349Net Income 2021: $16,8172021Revenue 2022: $178,057Expenses 2022: $168,138Net Income 2022: $9,9192022Revenue 2023: $156,412Expenses 2023: $194,496Net Income 2023: -$38,0842023Revenue 2024: -$17,306Expenses 2024: $22,678Net Income 2024: -$39,9842024

Highlighted filing

2015

Revenue$106,560
Expenses$89,245
Net Income$17,315
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 9, 2016
Return Version
2015v2.1
Gross Receipts
$112,835
Mission and Program Overview

Mission

Production of dramatic works and allied performing arts.

Development, production, presentation, promotion, and attendant education of practitioners and the public concerning original dramatic and allied performing arts, including but not restricted to spoken word, comedy, music, and dance.

Program Services

DescriptionGrantsExpenses
In 2015, The Magnetic Theatre opened its new 91 seat performance space in Asheville's River Arts district, and began continuous programming in late April. Through 2015, we produced 13 stage productions (total nights of performance for the year was 108) and events, with a total attendance for the year of 4,530.$2,950$72,361
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lucia Del Vecchio GrayManaging Director, Associate Artistic DirectorPT$8,021-$8,021
Steven SamuelsArtistic DirectorPT$6,032-$6,032
Tracey Johnston-CrumVice President, Board Of Directors-$0--
Jim JulienPresident, Board Of Directors-$0--
Leslie KlingnerSecretary, Board Of Directors-$0--
Jenny HasslerTreasurer, Board Of Directors-$0--
Filing and Contact Details

Filer

Filer Name
Magnetic Theatre
EIN
27-4033269
Phone
8282794155
Address
PO Box 16525, Asheville, NC 28816

Signing Officer

Name
Jenny Hassler
Title
Treasure of the Board
Phone
8283357708
Signed
2016-08-09
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

This section includes the following expenses for our company- Licensing and Fees Auto Production Expenses Insurance Marketing Merchant Service Fee Miscellaneous Facility and Office Supplies Stage and Lighting Supplies Travel

Form 990-EZ, Part II, Line 24

Leasehold Improvement- Interior Finishing of Space/Buildout

Form 990-EZ, Part II, Line 26

Sales Tax Payable

Raw XML Appendix189 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/PersonNm5Jenny Hassler
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Vice President, Board of Directors
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1President, Board of Directors
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Managing Director, Associate Artistic Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Artistic Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Secretary, Board of Directors
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Treasurer, Board of Directors
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IRS990EZ/PrintingPublicationsPostageAmt01947
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0In 2015, The Magnetic Theatre opened its new 91 seat performance space in Asheville's River Arts district, and began continuous programming in late April. Through 2015, we produced 13 stage productions (total nights of performance for the year was 108) and events, with a total attendance for the year of 4,530.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt02950
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This section includes the following expenses for our company- Licensing and Fees Auto Production Expenses Insurance Marketing Merchant Service Fee Miscellaneous Facility and Office Supplies Stage and Lighting Supplies Travel
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Leasehold Improvement- Interior Finishing of Space/Buildout
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Sales Tax Payable
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jenny Hassler
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasure of the Board
ReturnHeader/BusinessOfficerGrp/PhoneNum08283357708
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Magnetic Theatre
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0274033269
ReturnHeader/Filer/PhoneNum08282794155
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 16525
ReturnHeader/Filer/USAddress/CityNm0Asheville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028816
ReturnHeader/ReturnTs02016-08-09T09:30:44-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings