Civic Intelligence

The Theater Bug Inc

990 • Fiscal year 2020 • EIN 27-4141181

Jul 01, 2019 to Jun 30, 2020 • Filed on May 16, 2021

P O Box 150329Nashville, TN 37215

(615) 423-4626

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

82nd percentile

36%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$30,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

95th percentile

275%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

95th percentile

139%

Faster revenue growth than 95% of similar nonprofits.

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

Assets

Up

$176,099

Up $129,190 (+275%) from 2019

Net Assets

Up

$176,099

Up $129,190 (+275%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$362,975

Up $211,348 (+139%) from 2019

Expenses

Up

$233,785

Up $68,253 (+41%) from 2019

Net Income

Up

$129,190

Up $143,095 (+1029%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2019: $46,909Liabilities 2019: $0Net Assets 2019: $46,9092019Assets 2020: $176,099Liabilities 2020: $0Net Assets 2020: $176,0992020Assets 2021: $279,261Liabilities 2021: $0Net Assets 2021: $279,2612021Assets 2022: $197,465Liabilities 2022: $0Net Assets 2022: $197,4652022Assets 2023: $280,453Liabilities 2023: $0Net Assets 2023: $280,4532023Assets 2024: $413,454Liabilities 2024: $0Net Assets 2024: $413,4542024

Highlighted filing

2020

Assets$176,099
Liabilities$0
Net Assets$176,099

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $151,627Expenses 2019: $165,532Net Income 2019: -$13,9052019Revenue 2020: $362,975Expenses 2020: $233,785Net Income 2020: $129,1902020Revenue 2021: $286,132Expenses 2021: $182,970Net Income 2021: $103,1622021Revenue 2022: $368,512Expenses 2022: $450,308Net Income 2022: -$81,7962022Revenue 2023: $492,869Expenses 2023: $409,881Net Income 2023: $82,9882023Revenue 2024: $738,869Expenses 2024: $604,524Net Income 2024: $134,3452024

Highlighted filing

2020

Revenue$362,975
Expenses$233,785
Net Income$129,190
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 16, 2021
Return Version
2019v5.2
Gross Receipts
$369,976
Mission and Program Overview

Mission

Inspire young people to create community and build confidence - encouraging them through educational experiences in the performing arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,909$176,099▲ $129,190
Rtn Earn Endowment Incm Other Fnds$46,909$176,099▲ $129,190
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$46,909$176,099▲ $129,190
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$46,909$176,099▲ $129,190
Total Liabilities and Net Assets / Fund Balance$46,909$176,099▲ $129,190

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$18,336$18,336
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cori Anne LaemmelArtistic DirectorPT$30,000$30,000

Board Members and Trustees

NameTitle
Stefanie RomePresident
Justin McIntoshVice-President
Ann PetersonMember
Chris BowlesMember
Evan CurranMember
Jennifer RogersMember
Juan Carlos Graterol JrMember
Justine H BobingerMember
Matia PowellMember
Mike ZazworskyMember
Rich McCoyMember
Tyler MerrittMember
Bakari KingNon voting member
Tyson LaemmelNon Voting Member
Katie MadoleNon voting student rep
Virginia A WilliamsSecretary
John SpencerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$163,653
Program Service Revenue
$182,657
Investment Income
$0
Other Revenue
$16,665
All Other Contributions
$149,290
Change in Net Assets
$129,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$199,174
Salaries, Compensation, and Employee Benefits$32,526
Grants and Similar Amounts Paid$2,085
Total Fundraising Expense$900
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$78,865$6,000$900$85,765
Occupancy$44,984--$44,984
Current Officers, Directors, Trustees, and Key Employees$26,239--$26,239
Advertising-$8,801-$8,801
All Other Expenses$3,443$3,374-$6,817
Payroll Taxes$6,287--$6,287
Other Expenses$9,001$4,372-$4,372
Depreciation Depletion$2,500--$2,500
Grants to Domestic Orgs$2,085--$2,085
Insurance-$1,326-$1,326
Total Functional Expenses$203,097$29,788$900$233,785
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,500
Fundraising Direct Expenses$0
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
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Each board member is provided a copy of the 990 a to review the form before it is filed with the IRS.

Form 990, Part VI, Section B, line 12C

Periodic reviews are undertaken to insure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status. Each director, principal officer and members of all committees with governing board-delegated powers shall periodically sign a statement, which affirms such person: 1. Has received a copy of the conflicts of interest policy, 2. Has read and understands the policy, 3. Has agreed to comply with the policy, and 4. Understands that The Theater Bug, Inc. is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.

Form 990, Part VI, Section C, line 19

Copies of governing documents, financial statements, and other policies are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Theater Bug Inc
EIN
27-4141181
Phone
6154234626
Address
P O Box 150329, Nashville, TN 37215

Signing Officer

Name
Stephanie Rome
Title
President
Phone
6158187358
Signed
2021-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Rome
Formed
2011
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
0

Preparer

Firm
Alice Crafts CPA LLC
Address
4525 Harding Pike Suite 200, Nashville, TN 37205
Preparer
Alice Crafts CPA LLC
Phone
6153310500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Director: Program service expenses 7301. Management and general expenses 0. Fundraising expenses 0. Total expenses 7301. Assistant Director: Program service expenses 2180. Management and general expenses 0. Fundraising expenses 0. Total expenses 2180. Band: Program service expenses 11025. Management and general expenses 0. Fundraising expenses 0. Total expenses 11025. Music Director: Program service expenses 3600. Management and general expenses 0. Fundraising expenses 0. Total expenses 3600. Choreographer: Program service expenses 2950. Management and general expenses 0. Fundraising expenses 0. Total expenses 2950. Assistant Choreographer: Program service expenses 250. Management and general expenses 0. Fundraising expenses 0. Total expenses 250. Props Master: Program service expenses 450. Management and general expenses 0. Fundraising expenses 0. Total expenses 450. Set Designer: Program service expenses 1500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1500. Light Designer: Program service expenses 450. Management and general expenses 0. Fundraising expenses 0. Total expenses 450. Administrative Contracts: Program service expenses 49159. Management and general expenses 0. Fundraising expenses 0. Total expenses 49159. Technical director: Program service expenses 0. Management and general expenses 6000. Fundraising expenses 0. Total expenses 6000. Grantwriter: Program service expenses 0. Management and general expenses 0. Fundraising expenses 900. Total expenses 900.

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IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Equipment rental/mainte
IRS990/OtherExpensesGrp/Desc2Subscriptions
IRS990/OtherExpensesGrp/Desc3Processing fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05915
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14372
IRS990/OtherExpensesGrp/ProgramServicesAmt029693
IRS990/OtherExpensesGrp/ProgramServicesAmt19001
IRS990/OtherExpensesGrp/TotalAmt029693
IRS990/OtherExpensesGrp/TotalAmt19001
IRS990/OtherExpensesGrp/TotalAmt25915
IRS990/OtherExpensesGrp/TotalAmt34372
IRS990/OtherRevenueMiscGrp/Desc0SBA Loan forgiven
IRS990/OtherRevenueMiscGrp/ExclusionAmt05500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05500
IRS990/OtherRevenueTotalAmt05500
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06287
IRS990/PayrollTaxesGrp/TotalAmt06287
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Stephanie Rome
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/BusinessCd2711130
IRS990/ProgramServiceRevenueGrp/Desc0Program scholarships
IRS990/ProgramServiceRevenueGrp/Desc1Program revenue
IRS990/ProgramServiceRevenueGrp/Desc2Program tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0110080
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt156208
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216369
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0110080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt156208
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt216369
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt071876
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0531
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0133917
IRS990/PYOtherRevenueAmt09650
IRS990/PYProgramServiceRevenueAmt070101
IRS990/PYRevenuesLessExpensesAmt0-13905
IRS990/PYSalariesCompEmpBnftPaidAmt031084
IRS990/PYTotalExpensesAmt0165532
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0151627
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0129190
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt046909
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0176099
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0163653
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt071876
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0125871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt062761
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt015259
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0439420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0200823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt088096
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0100289
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt092508
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt048668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0530384
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt05500
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt05500
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0975304
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0369976
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0159972
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0226160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0155269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt063927
IRS990ScheduleA/Total509Grp/TotalAmt0975304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0369976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0159972
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0226160
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0155269
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt063927
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0975304
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018336
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018336
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each board member is provided a copy of the 990 a to review the form before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Periodic reviews are undertaken to insure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status. Each director, principal officer and members of all committees with governing board-delegated powers shall periodically sign a statement, which affirms such person: 1. Has received a copy of the conflicts of interest policy, 2. Has read and understands the policy, 3. Has agreed to comply with the policy, and 4. Understands that The Theater Bug, Inc. is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Copies of governing documents, financial statements, and other policies are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Director: Program service expenses 7301. Management and general expenses 0. Fundraising expenses 0. Total expenses 7301. Assistant Director: Program service expenses 2180. Management and general expenses 0. Fundraising expenses 0. Total expenses 2180. Band: Program service expenses 11025. Management and general expenses 0. Fundraising expenses 0. Total expenses 11025. Music Director: Program service expenses 3600. Management and general expenses 0. Fundraising expenses 0. Total expenses 3600. Choreographer: Program service expenses 2950. Management and general expenses 0. Fundraising expenses 0. Total expenses 2950. Assistant Choreographer: Program service expenses 250. Management and general expenses 0. Fundraising expenses 0. Total expenses 250. Props Master: Program service expenses 450. Management and general expenses 0. Fundraising expenses 0. Total expenses 450. Set Designer: Program service expenses 1500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1500. Light Designer: Program service expenses 450. Management and general expenses 0. Fundraising expenses 0. Total expenses 450. Administrative Contracts: Program service expenses 49159. Management and general expenses 0. Fundraising expenses 0. Total expenses 49159. Technical director: Program service expenses 0. Management and general expenses 6000. Fundraising expenses 0. Total expenses 6000. Grantwriter: Program service expenses 0. Management and general expenses 0. Fundraising expenses 900. Total expenses 900.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt046909
IRS990/TotalAssetsEOYAmt0176099
IRS990/TotalAssetsGrp/BOYAmt046909

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