Civic Intelligence

Bt Studios Inc.

990 • Fiscal year 2024 • EIN 47-1890997

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 12, 2024

PO Box 61952San Angelo, TX 76906-1952

(325) 655-5348

Siviq Scores

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

Liabilities / Assets

85th percentile

0.24x

Higher debt load relative to assets than 85% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.01x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

16th percentile

-25%

Higher net margin than 16% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

4th percentile

-90%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

32%

Faster revenue growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,289

Down $29,903 (-90%) from 2023

Net Assets

Down

$2,485

Down $28,305 (-92%) from 2023

Liabilities

Down

$804

Down $1,598 (-67%) from 2023

Revenue

Up

$114,533

Up $27,581 (+32%) from 2023

Expenses

Up

$142,838

Up $17,304 (+14%) from 2023

Net Income

Up

-$28,305

Up $10,277 (+27%) from 2023

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2015: $16,797Liabilities 2015: $4,245Net Assets 2015: $12,5522015Assets 2016: $13,420Liabilities 2016: $3,327Net Assets 2016: $10,0932016Assets 2017: $29,855Liabilities 2017: $357Net Assets 2017: $29,4982017Assets 2018: $40,953Liabilities 2018: $563Net Assets 2018: $40,3902018Assets 2019: $32,167Liabilities 2019: $1,016Net Assets 2019: $31,1512019Assets 2020: $55,499Liabilities 2020: $6,053Net Assets 2020: $49,4462020Assets 2021: $38,572Liabilities 2021: $4,937Net Assets 2021: $33,6352021Assets 2022: $70,772Liabilities 2022: $1,400Net Assets 2022: $69,3722022Assets 2023: $33,192Liabilities 2023: $2,402Net Assets 2023: $30,7902023Assets 2024: $3,289Liabilities 2024: $804Net Assets 2024: $2,4852024Assets 2025: $1,960Liabilities 2025: $0Net Assets 2025: $1,9602025

Highlighted filing

2024

Assets$3,289
Liabilities$804
Net Assets$2,485

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2015: $81,769Expenses 2015: $69,217Net Income 2015: $12,5522015Revenue 2016: $76,951Expenses 2016: $79,410Net Income 2016: -$2,4592016Revenue 2017: $123,777Expenses 2017: $104,372Net Income 2017: $19,4052017Revenue 2018: $127,568Expenses 2018: $116,676Net Income 2018: $10,8922018Revenue 2019: $140,756Expenses 2019: $149,995Net Income 2019: -$9,2392019Revenue 2020: $159,852Expenses 2020: $141,557Net Income 2020: $18,2952020Revenue 2021: $77,076Expenses 2021: $92,887Net Income 2021: -$15,8112021Revenue 2022: $155,446Expenses 2022: $125,042Net Income 2022: $30,4042022Revenue 2023: $86,952Expenses 2023: $125,534Net Income 2023: -$38,5822023Revenue 2024: $114,533Expenses 2024: $142,838Net Income 2024: -$28,3052024Revenue 2025: $0Expenses 2025: $525Net Income 2025: -$5252025

Highlighted filing

2024

Revenue$114,533
Expenses$142,838
Net Income-$28,305
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 12, 2024
Return Version
2023v5.0
Gross Receipts
$117,276
Mission and Program Overview

Mission

Bt studios inc is a performance company that provides an enriching environment of education and entertainment while focusing on community involvement. The educational programs and year-round performances offered by the organization are designed to develop artists and patrons in both mind and spirit. The organization's educational programs focus on the process of theatre arts, allowing program participants to learn valuable life lessons such as tolerance, communication, problem-solving skills, cooperation, respect for one's self and others, humility, and compassion. Participants are encouraged to maintain an open mind, speak from the heart, and share talents that will inspire the community and self. The year-round performances allow local artists to develop their creative spirit while promoting the local performing arts. Proceeds from these performances are reinvested to further develop the organization's educational and community outreach programs.

Be theatre provides an enriching environment of entertainment and education that develops the artist and patrons in mind and spirit. The primary focus of education is the process rather than the product. Through the process of theatre arts, valuable life lessons are learned such as tolerance, communication, problem-solving skills, cooperation, respect for one's self and others, humility, and compassion. Through performance and the creative spirit, artists are encouraged to maintain an open mind, speak from the heart and share talents that will inspire the community and self.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$3,566--
Cash and Non-Interest-Bearing Accounts$25,956$3,289▼ $22,667
Land, Buildings, and Equipment, Net$3,170--
Accounts Receivable$500--
Total Assets$33,192$3,289▼ $29,903
Liabilities
Accounts Payable and Accrued Expenses$2,402$804▼ $1,598
Total Liabilities$2,402$804▼ $1,598
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,790$2,485▼ $28,305
Total Net Assets Fund Balance$30,790$2,485▼ $28,305
Total Liabilities and Net Assets / Fund Balance$33,192$3,289▼ $29,903
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$45,642
Program Service Revenue
$71,634
Investment Income
$-2,743
Other Revenue
$0
All Other Contributions
$45,642
Change in Net Assets
$-28,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,236
Salaries, Compensation, and Employee Benefits$45,602
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,361--$42,361
Occupancy$25,828--$25,828
Other Expenses$8,820--$8,820
All Other Expenses$5,441--$5,441
Payroll Taxes$3,241--$3,241
Advertising$2,837--$2,837
Insurance$2,244--$2,244
Office Expenses$1,304--$1,304
Depreciation Depletion$426--$426
Conferences and Meetings$419--$419
Total Functional Expenses$142,838$0$0$142,838
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
Backup withholding compliance
No
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
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 11B

Return was emailed to the board for review and approval to file.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Bt Studios Inc
EIN
47-1890997
Phone
3256555348
Address
PO BOX 61952, SAN ANGELO, TX 76906-1952
Doing Business As
Be Theatre

Signing Officer

Name
Jacob Allgood CPA
Title
Treasurer
Phone
3256555348
Signed
2024-10-12

Organization Details

Principal Officer
Mike Burnett
Formed
2014
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
75

Preparer

Firm
Harlow & Harlow Llp
Address
107 W TWOHIG AVE, SAN ANGELO, TX 76903
Preparer
Jacob Shayne Allgood CPA
Phone
3256555348
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Be theatre provides an enriching environment of entertainment and education that develops the artist and patrons in mind and spirit. The primary focus of education is the process rather than the product. Through the process of theatre arts, valuable life lessons are learned such as tolerance, communication, problem-solving skills, cooperation, respect for one's self and others, humility, and compassion. Through performance and the creative spirit, artists are encouraged to maintain an open mind, speak from the heart and share talents that will inspire the community and self.

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

In july 2018, a tragic event devastated the west texas community. A fire broke out at the iconic village apartments in the college town of san marcos, killing 5 people and critically injuring many others. Zachary sutterfield, a 2016 san angelo central high school graduate, lost 2 of his roommates in this horrific event, but miraculously survived by jumping out of a window. The flames burned 70 percent of his body and the impact of the fall caused a traumatic brain injury. Sutterfield has since undergone over 27 operations. Zach's recovery has been one of the organization's outreach missions since the fire. The organization's b.a.d improv team has hosted an event since 2018 called "the zach sutterfield improvaganza" to raise money to ehlp in zach's recovery, as well as the challenges he will face in the coming years as he adjusts to life after the fire.

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

In addition to its community outreach programs, bt studios inc. Offers year-round adult and family oriented productions, which bring the fun and excitement of performing arts to the community. The organization also provides a series of educational workshops for young performers. Workshop participants learn about theatre etiquette, improvisation, character work, movement, state presentation, script analysis and more.

Form 990, Part XI, Line 9

FORGIVEN PPP LOAN 0

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt071434
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1200
IRS990/ProgSrvcAccomActy2Grp/Desc0IN JULY 2018, A TRAGIC EVENT DEVASTATED THE WEST TEXAS COMMUNITY. A FIRE BROKE OUT AT THE ICONIC VILLAGE APARTMENTS IN THE COLLEGE TOWN OF SAN MARCOS, KILLING 5 PEOPLE AND CRITICALLY INJURING MANY OTHERS. ZACHARY SUTTERFIELD, A 2016 SAN ANGELO CENTRAL HIGH SCHOOL GRADUATE, LOST 2 OF HIS ROOMMATES IN THIS HORRIFIC EVENT, BUT MIRACULOUSLY SURVIVED BY JUMPING OUT OF A WINDOW. THE FLAMES BURNED 70 PERCENT OF HIS BODY AND THE IMPACT OF THE FALL CAUSED A TRAUMATIC BRAIN INJURY. SUTTERFIELD HAS SINCE UNDERGONE OVER 27 OPERATIONS. ZACH'S RECOVERY HAS BEEN ONE OF THE ORGANIZATION'S OUTREACH MISSIONS SINCE THE FIRE. THE ORGANIZATION'S B.A.D IMPROV TEAM HAS HOSTED AN EVENT SINCE 2018 CALLED "THE ZACH SUTTERFIELD IMPROVAGANZA" TO RAISE MONEY TO EHLP IN ZACH'S RECOVERY, AS WELL AS THE CHALLENGES HE WILL FACE IN THE COMING YEARS AS HE ADJUSTS TO LIFE AFTER THE FIRE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013681
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt013439
IRS990/ProgSrvcAccomActyOtherGrp/Desc0IN ADDITION TO ITS COMMUNITY OUTREACH PROGRAMS, BT STUDIOS INC. OFFERS YEAR-ROUND ADULT AND FAMILY ORIENTED PRODUCTIONS, WHICH BRING THE FUN AND EXCITEMENT OF PERFORMING ARTS TO THE COMMUNITY. THE ORGANIZATION ALSO PROVIDES A SERIES OF EDUCATIONAL WORKSHOPS FOR YOUNG PERFORMERS. WORKSHOP PARTICIPANTS LEARN ABOUT THEATRE ETIQUETTE, IMPROVISATION, CHARACTER WORK, MOVEMENT, STATE PRESENTATION, SCRIPT ANALYSIS AND MORE.
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IRS990/ReportOtherAssetsInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt032875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt080835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt035763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt038186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0233301
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0525188
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BE THEATRE PROVIDES AN ENRICHING ENVIRONMENT OF ENTERTAINMENT AND EDUCATION THAT DEVELOPS THE ARTIST AND PATRONS IN MIND AND SPIRIT. THE PRIMARY FOCUS OF EDUCATION IS THE PROCESS RATHER THAN THE PRODUCT. THROUGH THE PROCESS OF THEATRE ARTS, VALUABLE LIFE LESSONS ARE LEARNED SUCH AS TOLERANCE, COMMUNICATION, PROBLEM-SOLVING SKILLS, COOPERATION, RESPECT FOR ONE'S SELF AND OTHERS, HUMILITY, AND COMPASSION. THROUGH PERFORMANCE AND THE CREATIVE SPIRIT, ARTISTS ARE ENCOURAGED TO MAINTAIN AN OPEN MIND, SPEAK FROM THE HEART AND SHARE TALENTS THAT WILL INSPIRE THE COMMUNITY AND SELF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN JULY 2018, A TRAGIC EVENT DEVASTATED THE WEST TEXAS COMMUNITY. A FIRE BROKE OUT AT THE ICONIC VILLAGE APARTMENTS IN THE COLLEGE TOWN OF SAN MARCOS, KILLING 5 PEOPLE AND CRITICALLY INJURING MANY OTHERS. ZACHARY SUTTERFIELD, A 2016 SAN ANGELO CENTRAL HIGH SCHOOL GRADUATE, LOST 2 OF HIS ROOMMATES IN THIS HORRIFIC EVENT, BUT MIRACULOUSLY SURVIVED BY JUMPING OUT OF A WINDOW. THE FLAMES BURNED 70 PERCENT OF HIS BODY AND THE IMPACT OF THE FALL CAUSED A TRAUMATIC BRAIN INJURY. SUTTERFIELD HAS SINCE UNDERGONE OVER 27 OPERATIONS. ZACH'S RECOVERY HAS BEEN ONE OF THE ORGANIZATION'S OUTREACH MISSIONS SINCE THE FIRE. THE ORGANIZATION'S B.A.D IMPROV TEAM HAS HOSTED AN EVENT SINCE 2018 CALLED "THE ZACH SUTTERFIELD IMPROVAGANZA" TO RAISE MONEY TO EHLP IN ZACH'S RECOVERY, AS WELL AS THE CHALLENGES HE WILL FACE IN THE COMING YEARS AS HE ADJUSTS TO LIFE AFTER THE FIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ADDITION TO ITS COMMUNITY OUTREACH PROGRAMS, BT STUDIOS INC. OFFERS YEAR-ROUND ADULT AND FAMILY ORIENTED PRODUCTIONS, WHICH BRING THE FUN AND EXCITEMENT OF PERFORMING ARTS TO THE COMMUNITY. THE ORGANIZATION ALSO PROVIDES A SERIES OF EDUCATIONAL WORKSHOPS FOR YOUNG PERFORMERS. WORKSHOP PARTICIPANTS LEARN ABOUT THEATRE ETIQUETTE, IMPROVISATION, CHARACTER WORK, MOVEMENT, STATE PRESENTATION, SCRIPT ANALYSIS AND MORE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RETURN WAS EMAILED TO THE BOARD FOR REVIEW AND APPROVAL TO FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORGIVEN PPP LOAN 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0142838
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068891
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0114533
IRS990/TotalVolunteersCnt075
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt082 GILLIS ST
IRS990/USAddress/CityNm0SAN ANGELO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076903
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IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0HTTP://BETHEATRE.COM/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACOB ALLGOOD CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03256555348
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BT STUDIOS INC
ReturnHeader/Filer/BusinessNameControlTxt0BTST
ReturnHeader/Filer/EIN0471890997
ReturnHeader/Filer/PhoneNum03256555348
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 61952
ReturnHeader/Filer/USAddress/CityNm0SAN ANGELO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0769061952
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0750776454
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARLOW & HARLOW LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0107 W TWOHIG AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANGELO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076903
ReturnHeader/PreparerPersonGrp/PhoneNum03256555348
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACOB SHAYNE ALLGOOD CPA
ReturnHeader/ReturnTs02024-10-12T09:57:43-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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