Civic Intelligence

Steep Theatre Company

990 • Fiscal year 2021 • EIN 36-4459659

Sep 01, 2020 to Aug 31, 2021 • Filed on Jan 22, 2022

PO Box 607415Chicago, IL 60660

(773) 649-3186

Siviq Scores

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

Liabilities / Assets

59th percentile

0.06x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.10x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

87th percentile

52%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

90th percentile

89%

Faster asset growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-22%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$592,574

Up $279,288 (+89%) from 2020

Net Assets

Up

$557,684

Up $336,041 (+152%) from 2020

Liabilities

Down

$34,890

Down $56,753 (-62%) from 2020

Revenue

Down

$342,665

Down $99,202 (-22%) from 2020

Expenses

Down

$164,124

Down $402,555 (-71%) from 2020

Net Income

Up

$178,541

Up $303,353 (+243%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $97,274Liabilities 2016: $21,495Net Assets 2016: $75,7792016Assets 2017: $134,286Liabilities 2017: $31,260Net Assets 2017: $103,0262017Assets 2018: $398,716Liabilities 2018: $41,765Net Assets 2018: $356,9512018Assets 2020: $313,286Liabilities 2020: $91,643Net Assets 2020: $221,6432020Assets 2021: $592,574Liabilities 2021: $34,890Net Assets 2021: $557,6842021Assets 2022: $2,365,030Liabilities 2022: $1,230,840Net Assets 2022: $1,134,1902022Assets 2023: $2,427,006Liabilities 2023: $1,203,714Net Assets 2023: $1,223,2922023Assets 2024: $2,434,117Liabilities 2024: $1,163,407Net Assets 2024: $1,270,7102024Assets 2025: $2,539,099Liabilities 2025: $1,160,108Net Assets 2025: $1,378,9912025

Highlighted filing

2021

Assets$592,574
Liabilities$34,890
Net Assets$557,684

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $276,856Expenses 2016: $262,584Net Income 2016: $14,2722016Revenue 2017: $293,647Expenses 2017: $266,400Net Income 2017: $27,2472017Revenue 2018: $578,231Expenses 2018: $324,306Net Income 2018: $253,9252018Revenue 2020: $441,867Expenses 2020: $566,679Net Income 2020: -$124,8122020Revenue 2021: $342,665Expenses 2021: $164,124Net Income 2021: $178,5412021Revenue 2022: $1,023,796Expenses 2022: $447,290Net Income 2022: $576,5062022Revenue 2023: $564,075Expenses 2023: $474,973Net Income 2023: $89,1022023Revenue 2024: $509,741Expenses 2024: $462,323Net Income 2024: $47,4182024Revenue 2025: $546,855Expenses 2025: $438,574Net Income 2025: $108,2812025

Highlighted filing

2021

Revenue$342,665
Expenses$164,124
Net Income$178,541
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jan 22, 2022
Return Version
2020v4.0
Gross Receipts
$342,665
Mission and Program Overview

Mission

The theatre's mission is to bring out the everyday truths in the stories we tell through ensemble work and to reach out to non-tradtional theatre goers by seeking out stories and creating experiences relevent to them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$253,760$497,422▲ $243,662
Pledges and Grants Receivable-$57,000-
Accounts Receivable$23,889$0▼ $23,889
Cash and Non-Interest-Bearing Accounts$11,672$19,166▲ $7,494
Land, Buildings, and Equipment, Net$15,164$9,482▼ $5,682
Prepaid Expenses and Deferred Charges$5,695$8,064▲ $2,369
Inventories for Sale or Use$1,666$0▼ $1,666
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$313,286$592,574▲ $279,288
Other Assets Total$1,440$1,440→ $0
Liabilities
Unsecured Notes Loans Payable$27,300$21,520▼ $5,780
Deferred Revenue$62,317$6,717▼ $55,600
Accounts Payable and Accrued Expenses$2,026$6,653▲ $4,627
Total Liabilities$91,643$34,890▼ $56,753
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$209,548$319,873▲ $110,325
Net Assets With Donor Restrictions$12,095$237,811▲ $225,716
Total Net Assets Fund Balance$221,643$557,684▲ $336,041
Total Liabilities and Net Assets / Fund Balance$313,286$592,574▲ $279,288

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$182,068$182,068
Equipment$9,410$14,604$24,014
Other Land Buildings$72$4,328$4,400
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$326,604
Program Service Revenue
$11,325
Investment Income
$128
Other Revenue
$4,608
All Other Contributions
$187,398
Change in Net Assets
$178,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$342,665
Revenue Not Reported on Form 990
$126,019
Total Revenue per Audited Statements
$468,684
Total Revenue per Form 990
$342,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$94,870
Other Expenses$69,254
Total Fundraising Expense$14,605
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$57,577$11,290$11,290$80,157
Fees for Services Other$2,290$26,035-$28,325
Other Employee Benefits$5,445$1,167$1,167$7,779
Office Expenses$2,477$5,294-$7,771
Occupancy$7,164--$7,164
Payroll Taxes$4,854$1,040$1,040$6,934
Depreciation Depletion$5,682--$5,682
Insurance-$3,002-$3,002
Advertising$1,980--$1,980
Other Expenses$300$187$1,108$187
Conferences and Meetings-$99-$99
All Other Expenses-$36-$36
Total Functional Expenses$101,369$48,150$14,605$164,124

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$290,143
Expenses per Audited Statements$164,124
Total Expenses per Form 990$164,124
Expenses Not Reported on Form 990$126,019
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

The 990 is reviewed by the organization board before filing the 990.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

A board committee reviews conflict of interest disclosure statements and reviews and discusses potential conflicts of interest as they arise.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation levels are compared to other theaters.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes certain of its documents, policies and financal statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Steep Theatre
EIN
36-4459659
Phone
7736493186
Address
PO BOX 607415, CHICAGO, IL 60660

Signing Officer

Name
Cooper Melgreen
Title
President
Signed
2022-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cooper Melgreen
Formed
2001
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
58

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
564 W RANDOLPH STREET SUITE 200, CHICAGO, IL 60661
Preparer
Alfredo Rodriguez CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Fin 48 - the organization is exempt from federal and state income taxes under section 501 (c) (3) of the internal revenue code, therefore, the financial statements do not include a provision for income taxes. The organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taking authorities,based on the technical merits of the positions. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.

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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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