Civic Intelligence

Young Actors Theatre Inc.

990 • Fiscal year 2022 • EIN 35-1556468

Sep 01, 2021 to Aug 31, 2022 • Filed on Jun 23, 2023

451 N New Jersey StreetIndianapolis, IN 46204

(317) 614-5057

Siviq Scores

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

Liabilities / Assets

81st percentile

0.30x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

65th percentile

0.08x

Higher debt load relative to revenue than 65% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

23rd percentile

-9.2%

Higher net margin than 23% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$78,500

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

3rd percentile

-48%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-13%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$139,374

Down $126,738 (-48%) from 2021

Net Assets

Down

$97,392

Down $47,621 (-33%) from 2021

Liabilities

Down

$41,982

Down $79,117 (-65%) from 2021

Revenue

Down

$515,170

Down $76,684 (-13%) from 2021

Expenses

Up

$562,791

Up $66,434 (+13%) from 2021

Net Income

Down

-$47,621

Down $143,118 (-150%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $137,023Liabilities 2014: $38,054Net Assets 2014: $98,9692014Assets 2015: $124,013Liabilities 2015: $52,528Net Assets 2015: $71,4852015Assets 2016: $162,832Liabilities 2016: $46,680Net Assets 2016: $116,1522016Assets 2017: $98,709Liabilities 2017: $26,925Net Assets 2017: $71,7842017Assets 2018: $231,573Liabilities 2018: $24,316Net Assets 2018: $207,2572018Assets 2019: $194,568Liabilities 2019: $64,909Net Assets 2019: $129,6592019Assets 2020: $147,683Liabilities 2020: $98,167Net Assets 2020: $49,5162020Assets 2021: $266,112Liabilities 2021: $121,099Net Assets 2021: $145,0132021Assets 2022: $139,374Liabilities 2022: $41,982Net Assets 2022: $97,3922022Assets 2023: $284,393Liabilities 2023: $35,787Net Assets 2023: $248,6062023Assets 2024: $220,867Liabilities 2024: $56,181Net Assets 2024: $164,6862024

Highlighted filing

2022

Assets$139,374
Liabilities$41,982
Net Assets$97,392

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2014: $415,649Expenses 2014: $372,135Net Income 2014: $43,5142014Revenue 2015: $366,742Expenses 2015: $394,226Net Income 2015: -$27,4842015Revenue 2016: $543,536Expenses 2016: $498,869Net Income 2016: $44,6672016Revenue 2017: $466,049Expenses 2017: $510,417Net Income 2017: -$44,3682017Revenue 2018: $621,727Expenses 2018: $486,254Net Income 2018: $135,4732018Revenue 2019: $524,501Expenses 2019: $602,099Net Income 2019: -$77,5982019Revenue 2020: $526,002Expenses 2020: $606,146Net Income 2020: -$80,1442020Revenue 2021: $591,854Expenses 2021: $496,357Net Income 2021: $95,4972021Revenue 2022: $515,170Expenses 2022: $562,791Net Income 2022: -$47,6212022Revenue 2023: $693,478Expenses 2023: $542,264Net Income 2023: $151,2142023Revenue 2024: $439,877Expenses 2024: $523,797Net Income 2024: -$83,9202024

Highlighted filing

2022

Revenue$515,170
Expenses$562,791
Net Income-$47,621
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jun 23, 2023
Return Version
2021v4.1
Gross Receipts
$515,170
Mission and Program Overview

Mission

To create theatrical opportunities that instill confidence, creativity and discipline in youth. We aim to artistically inspire youth to become the best version of themselves, and we believe by building stronger individuals we will build a stronger community.

The mission of React is to create original theatre with youth that reacts to social issues of the world. The vision of React is to build a more empathetic and empowered world through theatre. React works with hundreds of students from throughout the Indianapolis area to rehearse then perform plays in downtown Indianapolis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$190,094$116,893▼ $73,201
Land, Buildings, and Equipment, Net$29,523$15,946▼ $13,577
Prepaid Expenses and Deferred Charges$11,004--
Accounts Receivable$32,020$3,064▼ $28,956
Total Assets$266,112$139,374▼ $126,738
Other Assets Total$3,471$3,471→ $0
Liabilities
Other Liabilities$87,227$0▼ $87,227
Deferred Revenue$30,862$38,593▲ $7,731
Accounts Payable and Accrued Expenses$3,010$3,389▲ $379
Total Liabilities$121,099$41,982▼ $79,117
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$111,029$89,742▼ $21,287
Net Assets With Donor Restrictions$33,984$7,650▼ $26,334
Total Net Assets Fund Balance$145,013$97,392▼ $47,621
Total Liabilities and Net Assets / Fund Balance$266,112$139,374▼ $126,738

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,946$22,400$38,346
Land$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Justin WadeExecutive DirectorFT$78,500$78,500
Georgeanna Smith WadeArtistic DirectorFT$65,000$65,000
Lillian CardwellManaging DirectorFT$55,000$55,000

Board Members and Trustees

NameTitle
Kristin KohnPresident
Quinn DemareeVice President
Amanda StevensDirector
Brian McCutcheonDirector
Christen PetersonDirector
Rob DixonDirector
Ellen KovacinskiSecretary
Terri WadaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$316,680
Program Service Revenue
$198,411
Investment Income
$79
Other Revenue
$0
All Other Contributions
$179,995
Change in Net Assets
$-47,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$351,316
Other Expenses$211,475
Total Fundraising Expense$72,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$134,338$54,337$16,500$205,175
Occupancy$77,812$23,942$17,957$119,711
Current Officers, Directors, Trustees, and Key Employees$19,625$39,250$19,625$78,500
Other Employee Benefits$23,197$16,528$6,778$46,503
Office Expenses$15,857$4,879$3,659$24,395
Fees for Services Other$13,952$4,293$3,220$21,465
Payroll Taxes$11,085$7,199$2,854$21,138
Advertising$5,470$1,683$1,262$8,415
Depreciation Depletion$4,265$1,312$984$6,561
Fees for Services Accounting$0$5,944$0$5,944
Other Expenses$0$30$0$30
Total Functional Expenses$330,555$159,397$72,839$562,791
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Georganna Smith WadeSpouse of Exec DirectorCompensation as Artistic DirectorNo$65,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Loan$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Young Actors Theatre Inc
EIN
35-1556468
Phone
3176145057
Address
451 N New Jersey Street, Indianapolis, IN 46204
Doing Business As
React

Signing Officer

Name
Georgeanna D Smith-Wade
Title
Artistic Director
Phone
3176145057
Signed
2023-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Georgeanna D Smith-Wade
Formed
1984
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
20

Preparer

Firm
Lara C Schmutte CPA LLC
Address
PO Box 90050, Indianapolis, IN 46290
Preparer
Lara C Schmutte CPA
Phone
3177061040
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Georganna Smith-Wade, Artistic Director, is the spouse of Executive Director, Justin Wade.

Pt VI, Line 11B

The Form 990 was reviewed by members of the of the Executive Committee of the Board of Directors.

Pt VI, Line 15A

The Board reviews the compensation of both Justin Wade, Executive Director, and Georgeanna Smith-Wade, Artistic Director.

Pt VI, Line 15B

The Board reviews the compensation of both Justin Wade, Executive Director, and Georgeanna Smith-Wade, Artistic Director.

Pt VI, Line 19

Governing documents and financial statements are provided upon request to potential donors and other members of the general public.

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02854
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07199
IRS990/PayrollTaxesGrp/ProgramServicesAmt011085
IRS990/PayrollTaxesGrp/TotalAmt021138
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011004
IRS990/PrincipalOfficerNm0Georgeanna D Smith-Wade
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Theatre class tuition
IRS990/ProgramServiceRevenueGrp/Desc1Production ticket sale
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0169130
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129281
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0437940
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt088
IRS990/PYOtherExpensesAmt0158790
IRS990/PYOtherRevenueAmt0250
IRS990/PYProgramServiceRevenueAmt0153576
IRS990/PYRevenuesLessExpensesAmt095497
IRS990/PYSalariesCompEmpBnftPaidAmt0337567
IRS990/PYTotalExpensesAmt0496357
IRS990/PYTotalRevenueAmt0591854
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-47621
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0198411
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0316680
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0437940
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0239728
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0340798
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0374698
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01709844
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt079
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0455
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt097
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0859
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0198411
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0153576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0286134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0183248
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0246932
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01068301
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0455
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt097
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0859
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt02778145
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0515091
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0591516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0525862
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0524046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0621630
IRS990ScheduleA/Total509Grp/TotalAmt02778145
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02779004
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt015946
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022400
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038346
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Protection Loan
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015946
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Georganna Smith Wade
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Spouse of Exec Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt065000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Compensation as Artistic Director
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Georganna Smith-Wade, Artistic Director, is the spouse of Executive Director, Justin Wade.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 was reviewed by members of the of the Executive Committee of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board reviews the compensation of both Justin Wade, Executive Director, and Georgeanna Smith-Wade, Artistic Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board reviews the compensation of both Justin Wade, Executive Director, and Georgeanna Smith-Wade, Artistic Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents and financial statements are provided upon request to potential donors and other members of the general public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0266112
IRS990/TotalAssetsEOYAmt0139374
IRS990/TotalAssetsGrp/BOYAmt0266112
IRS990/TotalAssetsGrp/EOYAmt0139374
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0316680
IRS990/TotalEmployeeCnt011

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