Civic Intelligence

Grosse Pointe Theatre Inc.

990 • Fiscal year 2021 • EIN 38-1794060

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 05, 2021

315 FisherGrosse Pointe, MI 48230-1206

(313) 881-4004

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.08x

Higher debt load relative to assets than 63% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

0.18x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

75th percentile

32%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$1,900

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

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

Asset Growth

70th percentile

25%

Faster asset growth than 70% 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

$837,631

Up $168,645 (+25%) from 2020

Net Assets

Up

$769,664

Up $163,366 (+27%) from 2020

Liabilities

Up

$67,967

Up $5,279 (+8.4%) from 2020

Revenue

Down

$376,431

Down $104,038 (-22%) from 2020

Expenses

Down

$257,469

Down $209,660 (-45%) from 2020

Net Income

Up

$118,962

Up $105,622 (+792%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $610,889Liabilities 2011: $117,012Net Assets 2011: $493,8772011Assets 2012: $605,834Liabilities 2012: $102,400Net Assets 2012: $503,4342012Assets 2013: $580,530Liabilities 2013: $132,770Net Assets 2013: $447,7602013Assets 2014: $610,282Liabilities 2014: $97,000Net Assets 2014: $513,2822014Assets 2015: $603,525Liabilities 2015: $85,093Net Assets 2015: $518,4322015Assets 2016: $555,828Liabilities 2016: $11,660Net Assets 2016: $544,1682016Assets 2017: $631,190Liabilities 2017: $47,897Net Assets 2017: $583,2932017Assets 2018: $614,753Liabilities 2018: $40,803Net Assets 2018: $573,9502018Assets 2019: $677,530Liabilities 2019: $85,341Net Assets 2019: $592,1892019Assets 2020: $668,986Liabilities 2020: $62,688Net Assets 2020: $606,2982020Assets 2021: $837,631Liabilities 2021: $67,967Net Assets 2021: $769,6642021Assets 2022: $869,655Liabilities 2022: $75,368Net Assets 2022: $794,2872022Assets 2023: $920,616Liabilities 2023: $58,466Net Assets 2023: $862,1502023Assets 2024: $1,061,265Liabilities 2024: $92,377Net Assets 2024: $968,8882024Assets 2025: $1,152,057Liabilities 2025: $68,365Net Assets 2025: $1,083,6922025

Highlighted filing

2021

Assets$837,631
Liabilities$67,967
Net Assets$769,664

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $370,682Expenses 2011: $430,849Net Income 2011: -$60,1672011Revenue 2012: $463,208Expenses 2012: $408,125Net Income 2012: $55,0832012Revenue 2013: $360,714Expenses 2013: $419,959Net Income 2013: -$59,2452013Revenue 2014: $541,726Expenses 2014: $503,831Net Income 2014: $37,8952014Revenue 2015: $485,423Expenses 2015: $441,591Net Income 2015: $43,8322015Revenue 2016: $490,585Expenses 2016: $460,645Net Income 2016: $29,9402016Revenue 2017: $472,589Expenses 2017: $454,758Net Income 2017: $17,8312017Revenue 2018: $472,221Expenses 2018: $467,680Net Income 2018: $4,5412018Revenue 2019: $539,371Expenses 2019: $536,932Net Income 2019: $2,4392019Revenue 2020: $480,469Expenses 2020: $467,129Net Income 2020: $13,3402020Revenue 2021: $376,431Expenses 2021: $257,469Net Income 2021: $118,9622021Revenue 2022: $711,931Expenses 2022: $602,583Net Income 2022: $109,3482022Revenue 2023: $648,844Expenses 2023: $631,322Net Income 2023: $17,5222023Revenue 2024: $776,654Expenses 2024: $726,523Net Income 2024: $50,1312024Revenue 2025: $786,724Expenses 2025: $699,055Net Income 2025: $87,6692025

Highlighted filing

2021

Revenue$376,431
Expenses$257,469
Net Income$118,962
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$566,508
Mission and Program Overview

Mission

The theatre's purpose is to promote the performing arts in the community through cultural, charitable and educational activities.

Gpt's mission is to connect, create, and inspire communities through theatre. The vision is to be be recognized as a national leader in community theatre through artistic, educational and operational excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$379,732$555,007▲ $175,275
Land, Buildings, and Equipment, Net$143,892$137,362▼ $6,530
Cash and Non-Interest-Bearing Accounts$76,930$93,375▲ $16,445
Savings and Temporary Cash Investments$5,142$27,826▲ $22,684
Prepaid Expenses and Deferred Charges$62,290$21,519▼ $40,771
Accounts Receivable$1,000$2,542▲ $1,542
Total Assets$668,986$837,631▲ $168,645
Liabilities
Other Liabilities$42,149$34,100▼ $8,049
Deferred Revenue$17,535$27,750▲ $10,215
Accounts Payable and Accrued Expenses$3,004$6,117▲ $3,113
Total Liabilities$62,688$67,967▲ $5,279
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$565,687$645,533▲ $79,846
Net Assets With Donor Restrictions$40,611$124,131▲ $83,520
Total Net Assets Fund Balance$606,298$769,664▲ $163,366
Total Liabilities and Net Assets / Fund Balance$668,986$837,631▲ $168,645

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$476,038-$476,038
Equipment$-363,676$592,352$228,676
Land$25,000-$25,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$38,927$83,757▲ $947-$123,631
2019$37,006$950▲ $971-$38,927
2018$33,640$2,850▲ $516-$37,006
2017$31,167$1,640▲ $833-$33,640
2016$29,458$495--$29,953
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nick MarinelloTreasurerPT$1,900$1,900

Board Members and Trustees

NameTitle
Danielle CaralisPresident
Dale PeggDirector
Don BischoffDirector
Eddie TujakaDirector
Eric LeszczynskiDirector
Kenneth FreemanDirector
Kevin ButlerDirector
Kevin FitzhenryDirector
Tim HigginsDirector Str
Theresa SelvaggioDirect Devel
Patricia EllisSecretary
Marie Boyle ReinmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$345,485
Program Service Revenue
$2,260
Investment Income
$28,686
Other Revenue
$0
All Other Contributions
$234,321
Change in Net Assets
$118,962

Audited Revenue Reconciliation

Revenue per Audited Statements
$376,431
Revenue Not Reported on Form 990
$44,404
Total Revenue per Audited Statements
$420,835
Total Revenue per Form 990
$376,431
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,006
Salaries, Compensation, and Employee Benefits$105,463
Total Fundraising Expense$37,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$73,362$24,000$97,362
Information Technology-$31,866-$31,866
Office Expenses$1,440$8,882$11,626$21,948
Depreciation Depletion$8,759$9,287-$18,046
Insurance-$14,587-$14,587
Occupancy-$10,285-$10,285
Fees for Services Accounting-$8,295-$8,295
Payroll Taxes-$6,265$1,836$8,101
Fees for Service Investment Mgmnt Fees-$4,096-$4,096
Other Expenses$3,750$11,996-$3,750
All Other Expenses-$2,841-$2,841
Advertising$1,874--$1,874
Conferences and Meetings$1,401--$1,401
Royalties$79--$79
Total Functional Expenses$38,245$181,762$37,462$257,469

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$257,469
Total Expenses per Audited Statements$257,469
Total Expenses per Form 990$257,469
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program$22,665
Scholarship$11,435
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Members and board members

Form 990, Page 6, Part VI, Line 7A

Theatre members vote annually for board of directors.

Form 990, Page 6, Part VI, Line 11B

The theatre's process is to present the form 990 to the board of director's executive committee for approval prior to filing.

Form 990, Page 6, Part VI, Line 15A

Theatre organized a committee relating to review of exectuive directos compensation that obtained information from a similar organization.

Form 990, Page 6, Part VI, Line 19

Theatre notifies all members of the availability of all documents.

Filing and Contact Details

Filer

Filer Name
Grosse Pointe Theatre Inc
EIN
38-1794060
Phone
3138814004
Address
315 FISHER, GROSSE POINTE, MI 48230-1206

Signing Officer

Name
Danielle Caralis
Title
President
Phone
3138814004
Signed
2021-11-05

Organization Details

Principal Officer
Danielle Caralis
Formed
1948
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
260

Preparer

Firm
Cutajar & Company Pllc
Address
6533 OLD COACH TRL, WASHINGTON, MI 48094-2154
Preparer
Terese Cutajar CPA
Phone
5862558000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

(continued) the virtual season included 8 different online programs such as: all the worlds a stage, an evening of shakespeare; the ten-minute play festival with original new plays filmed as a readers theatre virtual presentation; a golden age holiday encore; a love letter from grosse pointe theatre for valentines day featuring love songs and video interviews from couples who met working on shows at gpt; a streaming of shrek the musical, and more. Gpt also created a socially-distanced outdoor singing troupe, singin in the streets, which traveled throughout the community to entertain during the covid restrictions. Gpt continues to focus on efforts to reach a broader community through its outreach programs. One highlight is the annual awarding of scholarships to deserving high school students as they continue their formal education. Despite the pandemic, in 2021 financial awards totaling 6,000 were granted to local area high school graduates. Applicants were given the option to present their portfolios virtually which allowed judges to make their final decisions as in years past. Gpt has increased its community partnerships and looks forward to more partnerships once it moves to its new home on the grosse pointe park/detroit border, in approximately two years. Gpts financial position remained strong in 2021 despite the uncertainties of the length of the shutdown and the inability to generate ticket revenue. Our local donor base was generous and a large legacy gift was received from a long time member which doubled the value of the organizations endowment fund. These types of gifts are expected to grow and help to ensure gpts long term viability. Additionally, several government grant awards were received michigan economic development corporation, michigan stages survival grant and the michigan council for the arts and cultural affairs to name a few. Gpt also received two draws under the paycheck protection program to help offset its payroll costs. The combination of all of the above and thoughtful spending resulted in a profitable 2021.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To protect the sustainability of grosse pointe theatre in the community by providing additional income for its theater programs.

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IRS990/Desc0(CONTINUED) THE VIRTUAL SEASON INCLUDED 8 DIFFERENT ONLINE PROGRAMS SUCH AS: ALL THE WORLDS A STAGE, AN EVENING OF SHAKESPEARE; THE TEN-MINUTE PLAY FESTIVAL WITH ORIGINAL NEW PLAYS FILMED AS A READERS THEATRE VIRTUAL PRESENTATION; A GOLDEN AGE HOLIDAY ENCORE; A LOVE LETTER FROM GROSSE POINTE THEATRE FOR VALENTINES DAY FEATURING LOVE SONGS AND VIDEO INTERVIEWS FROM COUPLES WHO MET WORKING ON SHOWS AT GPT; A STREAMING OF SHREK THE MUSICAL, AND MORE. GPT ALSO CREATED A SOCIALLY-DISTANCED OUTDOOR SINGING TROUPE, SINGIN IN THE STREETS, WHICH TRAVELED THROUGHOUT THE COMMUNITY TO ENTERTAIN DURING THE COVID RESTRICTIONS. GPT CONTINUES TO FOCUS ON EFFORTS TO REACH A BROADER COMMUNITY THROUGH ITS OUTREACH PROGRAMS. ONE HIGHLIGHT IS THE ANNUAL AWARDING OF SCHOLARSHIPS TO DESERVING HIGH SCHOOL STUDENTS AS THEY CONTINUE THEIR FORMAL EDUCATION. DESPITE THE PANDEMIC, IN 2021 FINANCIAL AWARDS TOTALING 6,000 WERE GRANTED TO LOCAL AREA HIGH SCHOOL GRADUATES. APPLICANTS WERE GIVEN THE OPTION TO PRESENT THEIR PORTFOLIOS VIRTUALLY WHICH ALLOWED JUDGES TO MAKE THEIR FINAL DECISIONS AS IN YEARS PAST. GPT HAS INCREASED ITS COMMUNITY PARTNERSHIPS AND LOOKS FORWARD TO MORE PARTNERSHIPS ONCE IT MOVES TO ITS NEW HOME ON THE GROSSE POINTE PARK/DETROIT BORDER, IN APPROXIMATELY TWO YEARS. GPTS FINANCIAL POSITION REMAINED STRONG IN 2021 DESPITE THE UNCERTAINTIES OF THE LENGTH OF THE SHUTDOWN AND THE INABILITY TO GENERATE TICKET REVENUE. OUR LOCAL DONOR BASE WAS GENEROUS AND A LARGE LEGACY GIFT WAS RECEIVED FROM A LONG TIME MEMBER WHICH DOUBLED THE VALUE OF THE ORGANIZATIONS ENDOWMENT FUND. THESE TYPES OF GIFTS ARE EXPECTED TO GROW AND HELP TO ENSURE GPTS LONG TERM VIABILITY. ADDITIONALLY, SEVERAL GOVERNMENT GRANT AWARDS WERE RECEIVED MICHIGAN ECONOMIC DEVELOPMENT CORPORATION, MICHIGAN STAGES SURVIVAL GRANT AND THE MICHIGAN COUNCIL FOR THE ARTS AND CULTURAL AFFAIRS TO NAME A FEW. GPT ALSO RECEIVED TWO DRAWS UNDER THE PAYCHECK PROTECTION PROGRAM TO HELP OFFSET ITS PAYROLL COSTS. THE COMBINATION OF ALL OF THE ABOVE AND THOUGHTFUL SPENDING RESULTED IN A PROFITABLE 2021.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR STR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECT DEVEL
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0(CONTINUED) THE VIRTUAL SEASON INCLUDED 8 DIFFERENT ONLINE PROGRAMS SUCH AS: ALL THE WORLDS A STAGE, AN EVENING OF SHAKESPEARE; THE TEN-MINUTE PLAY FESTIVAL WITH ORIGINAL NEW PLAYS FILMED AS A READERS THEATRE VIRTUAL PRESENTATION; A GOLDEN AGE HOLIDAY ENCORE; A LOVE LETTER FROM GROSSE POINTE THEATRE FOR VALENTINES DAY FEATURING LOVE SONGS AND VIDEO INTERVIEWS FROM COUPLES WHO MET WORKING ON SHOWS AT GPT; A STREAMING OF SHREK THE MUSICAL, AND MORE. GPT ALSO CREATED A SOCIALLY-DISTANCED OUTDOOR SINGING TROUPE, SINGIN IN THE STREETS, WHICH TRAVELED THROUGHOUT THE COMMUNITY TO ENTERTAIN DURING THE COVID RESTRICTIONS. GPT CONTINUES TO FOCUS ON EFFORTS TO REACH A BROADER COMMUNITY THROUGH ITS OUTREACH PROGRAMS. ONE HIGHLIGHT IS THE ANNUAL AWARDING OF SCHOLARSHIPS TO DESERVING HIGH SCHOOL STUDENTS AS THEY CONTINUE THEIR FORMAL EDUCATION. DESPITE THE PANDEMIC, IN 2021 FINANCIAL AWARDS TOTALING 6,000 WERE GRANTED TO LOCAL AREA HIGH SCHOOL GRADUATES. APPLICANTS WERE GIVEN THE OPTION TO PRESENT THEIR PORTFOLIOS VIRTUALLY WHICH ALLOWED JUDGES TO MAKE THEIR FINAL DECISIONS AS IN YEARS PAST. GPT HAS INCREASED ITS COMMUNITY PARTNERSHIPS AND LOOKS FORWARD TO MORE PARTNERSHIPS ONCE IT MOVES TO ITS NEW HOME ON THE GROSSE POINTE PARK/DETROIT BORDER, IN APPROXIMATELY TWO YEARS. GPTS FINANCIAL POSITION REMAINED STRONG IN 2021 DESPITE THE UNCERTAINTIES OF THE LENGTH OF THE SHUTDOWN AND THE INABILITY TO GENERATE TICKET REVENUE. OUR LOCAL DONOR BASE WAS GENEROUS AND A LARGE LEGACY GIFT WAS RECEIVED FROM A LONG TIME MEMBER WHICH DOUBLED THE VALUE OF THE ORGANIZATIONS ENDOWMENT FUND. THESE TYPES OF GIFTS ARE EXPECTED TO GROW AND HELP TO ENSURE GPTS LONG TERM VIABILITY. ADDITIONALLY, SEVERAL GOVERNMENT GRANT AWARDS WERE RECEIVED MICHIGAN ECONOMIC DEVELOPMENT CORPORATION, MICHIGAN STAGES SURVIVAL GRANT AND THE MICHIGAN COUNCIL FOR THE ARTS AND CULTURAL AFFAIRS TO NAME A FEW. GPT ALSO RECEIVED TWO DRAWS UNDER THE PAYCHECK PROTECTION PROGRAM TO HELP OFFSET ITS PAYROLL COSTS. THE COMBINATION OF ALL OF THE ABOVE AND THOUGHTFUL SPENDING RESULTED IN A PROFITABLE 2021.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.15$0.07$1.08$0.79$0.70$0.09
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.09$0.97$0.78$0.73$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.06$0.86$0.65$0.63$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.08$0.79$0.71$0.60$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.84$0.07$0.77$0.38$0.26$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.06$0.61$0.48$0.47$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.09$0.59$0.54$0.54$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.04$0.57$0.47$0.47$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.05$0.58$0.47$0.45$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.01$0.54$0.49$0.46$0.03
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.60$0.09$0.52$0.49$0.44$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.10$0.51$0.54$0.50$0.04
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.13$0.45$0.36$0.42$0.06
2012Summary only. Only limited summary data is available for this year.$0.61$0.10$0.50$0.46$0.41$0.06
2011Summary only. Only limited summary data is available for this year.$0.61$0.12$0.49$0.37$0.43$0.06