Civic Intelligence

Theatre Raleigh Inc.

990 • Fiscal year 2016 • EIN 46-2276408

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

2 East South StreetRaleigh, NC 27601

(919) 832-9997

Siviq Scores

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

Liabilities / Assets

74th percentile

0.25x

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

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.13x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Net Margin

80th percentile

21%

Higher net margin than 80% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Asset Growth

93rd percentile

92%

Faster asset growth than 93% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

66%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$319,392

Up $153,050 (+92%) from 2015

Net Assets

Up

$239,591

Up $128,861 (+116%) from 2015

Liabilities

Up

$79,801

Up $24,189 (+43%) from 2015

Revenue

Up

$606,072

Up $241,880 (+66%) from 2015

Expenses

Up

$477,211

Up $94,255 (+25%) from 2015

Net Income

Up

$128,861

Up $147,625 (+787%) from 2015

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 2013: $36,259Liabilities 2013: $13,469Net Assets 2013: $22,7902013Assets 2014: $156,985Liabilities 2014: $27,491Net Assets 2014: $129,4942014Assets 2015: $166,342Liabilities 2015: $55,612Net Assets 2015: $110,7302015Assets 2016: $319,392Liabilities 2016: $79,801Net Assets 2016: $239,5912016Assets 2017: $260,179Liabilities 2017: $81,413Net Assets 2017: $178,7662017Assets 2018: $178,846Liabilities 2018: $123,559Net Assets 2018: $55,2872018Assets 2019: $99,711Liabilities 2019: $77,189Net Assets 2019: $22,5222019Assets 2020: $119,311Liabilities 2020: $81,771Net Assets 2020: $37,5402020Assets 2021: $194,824Liabilities 2021: $62,791Net Assets 2021: $132,0332021Assets 2022: $502,742Liabilities 2022: $372,911Net Assets 2022: $129,8312022Assets 2024: $1,012,884Liabilities 2024: $573,454Net Assets 2024: $439,4302024

Highlighted filing

2016

Assets$319,392
Liabilities$79,801
Net Assets$239,591

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $329,996Expenses 2013: $307,206Net Income 2013: $22,7902013Revenue 2014: $383,741Expenses 2014: $277,037Net Income 2014: $106,7042014Revenue 2015: $364,192Expenses 2015: $382,956Net Income 2015: -$18,7642015Revenue 2016: $606,072Expenses 2016: $477,211Net Income 2016: $128,8612016Revenue 2017: $557,213Expenses 2017: $618,038Net Income 2017: -$60,8252017Revenue 2018: $615,428Expenses 2018: $736,657Net Income 2018: -$121,2292018Revenue 2019: $740,934Expenses 2019: $773,699Net Income 2019: -$32,7652019Revenue 2020: $348,826Expenses 2020: $333,808Net Income 2020: $15,0182020Revenue 2021: $635,231Expenses 2021: $495,394Net Income 2021: $139,8372021Revenue 2022: $833,406Expenses 2022: $835,608Net Income 2022: -$2,2022022Revenue 2024: $2,126,990Expenses 2024: $1,984,577Net Income 2024: $142,4132024

Highlighted filing

2016

Revenue$606,072
Expenses$477,211
Net Income$128,861
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$606,072
Mission and Program Overview

Mission

The mission of theatre raleigh, inc. Is to produce work with an artistic scope that includes musical theatre, drama, comedy, concerts, theatre for young audiences, as well as the development of new theatrical projects. Theatre raleigh, inc. Will nurture a tradition of intimate, professional live performances while enhancing, stimulating and providing opportunities to our community, thus contributing to its vitality.

Theatre raleigh, inc. Is the umbrella institution under which the hot summer nights series, along with a family series and backstage at the kennedy music series, operates with the goal of providing audiences diverse programming in the duke energy center for the performing arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$110,730$239,591▲ $128,861
Pledges and Grants Receivable-$177,655-
Land, Buildings, and Equipment, Net$135,026$124,943▼ $10,083
Prepaid Expenses and Deferred Charges$12,674$6,230▼ $6,444
Savings and Temporary Cash Investments$9,104$6,146▼ $2,958
Accounts Receivable$9,248$4,301▼ $4,947
Cash and Non-Interest-Bearing Accounts$290$117▼ $173
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$166,342$319,392▲ $153,050
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$26,073$54,552▲ $28,479
Deferred Revenue$29,539$25,249▼ $4,290
Total Liabilities$55,612$79,801▲ $24,189
Net Assets / Fund Balance
Total Net Assets Fund Balance$110,730$239,591▲ $128,861
Total Liabilities and Net Assets / Fund Balance$166,342$319,392▲ $153,050

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$124,943$26,295$151,238
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jason SteelePresident/chairman
Lauren KennedyArtistic Director
Benji JonesBoard Member
Clay AikenBoard Member
Kim GrissomBoard Member
Michele WeathersBoard Member
Steve VacendakBoard Member
Terri DollarBoard Member
Alex LehmannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$368,139
Program Service Revenue
$229,928
Investment Income
$0
Other Revenue
$8,005
All Other Contributions
$368,139
Change in Net Assets
$128,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$402,249
Salaries, Compensation, and Employee Benefits$74,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$208,132$338-$208,470
Other Salaries and Wages$34,574$34,574-$69,148
Travel$46,530--$46,530
Other Expenses$32,127--$32,127
Occupancy$26,834$2,540-$29,374
Royalties$19,785--$19,785
Information Technology$18,396--$18,396
Advertising$13,495--$13,495
Fees for Services Accounting-$12,600-$12,600
Depreciation Depletion$10,083--$10,083
Office Expenses$3,249$3,047-$6,296
Payroll Taxes$2,907$2,907-$5,814
Insurance$5,093--$5,093
Total Functional Expenses$421,205$56,006$0$477,211
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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

The form 990 will be reviewed prior to filing by the organization's treasurer, president, and artistic director. A copy of the 990 will be provided to all board members prior to filing.

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

Officers work closely together and board members are required to disclose conflicts of interest immediately.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy and financial statements are available upon request at the office of the organization.

Filing and Contact Details

Filer

Filer Name
Theatre Raleigh Inc
EIN
46-2276408
Phone
9198329997
Address
2 EAST SOUTH STREET, RALEIGH, NC 27601

Signing Officer

Name
Alex Lehmann
Title
Treasurer
Phone
9198329997
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lauren Kennedy
Formed
2013
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
50

Preparer

Firm
Mcmillan Pate & Company Llp
Address
615 OBERLIN ROAD SUITE 200, RALEIGH, NC 27605
Preparer
Steve Martin
Phone
9198369200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Production labor costs : program service expenses 207,794. Management and general expenses 0. Fundraising expenses 0. Total expenses 207,794. Payroll service fees : program service expenses 338. Management and general expenses 338. Fundraising expenses 0. Total expenses 676.

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt06146
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0307650
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0130835
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0246350
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0129146
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0813981
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THEATRE RALEIGH, INC. STARTED OPERATIONS ON FEBRUARY 11, 2013. ALL 2013 AMOUNTS REPORTED IN SCHEDULE A, PART III ARE REPRESENTATIVE OF A SHORT TAX YEAR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, SHORT YEAR EXPLANATION
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0368139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0164524
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0281087
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0155047
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0968797
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08005
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05549
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02865
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0696
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017115
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0229928
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0199790
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt092220
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0174253
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0696191
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt017463
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt013090
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt030553
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08005
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05549
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02865
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0696
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017115
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0881560
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0307650
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0130835
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0246350
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0129146
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0813981
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0598067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0381777
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0386397
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0329300
IRS990ScheduleA/Total509Grp/TotalAmt01695541
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0606072
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0387326
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0389262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0329996
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01712656
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/LeaseholdImprovementsGrp/BookValueAmt0124943
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026295
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0151238
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0124943
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED PRIOR TO FILING BY THE ORGANIZATION'S TREASURER, PRESIDENT, AND ARTISTIC DIRECTOR. A COPY OF THE 990 WILL BE PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS WORK CLOSELY TOGETHER AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST IMMEDIATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRODUCTION LABOR COSTS : PROGRAM SERVICE EXPENSES 207,794. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 207,794. PAYROLL SERVICE FEES : PROGRAM SERVICE EXPENSES 338. MANAGEMENT AND GENERAL EXPENSES 338. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 676.
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0166342
IRS990/TotalAssetsEOYAmt0319392
IRS990/TotalAssetsGrp/BOYAmt0166342
IRS990/TotalAssetsGrp/EOYAmt0319392
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0368139
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt056006
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0421205
IRS990/TotalFunctionalExpensesGrp/TotalAmt0477211
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055612
IRS990/TotalLiabilitiesEOYAmt079801
IRS990/TotalLiabilitiesGrp/BOYAmt055612
IRS990/TotalLiabilitiesGrp/EOYAmt079801
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0110730
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0239591
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0421205
IRS990/TotalProgramServiceRevenueAmt0229928
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08005
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0229928
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0606072
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0166342
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0319392
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt046530
IRS990/TravelGrp/TotalAmt046530
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 EAST SOUTH STREET
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027601
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.THEATRERALEIGH.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEX LEHMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09198329997
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15

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