Civic Intelligence

Winston-Salem Theatre Alliance Inc

EIN 56-1585412 • 501(c)3 • Winstonsalem, NC

Profile

The mission of the theatre alliance is to inspire, transform and unite the people of the triad through a broad range of unique, diverse and unconventional theatrical experiences.

650 W 6th StreetWinstonsalem, NC 27101

www.theatrealliance.ws

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.22x

Higher debt load relative to assets than 73% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

1.71x

Higher debt load relative to revenue than 95% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Net Margin

26th percentile

-9.8%

Higher net margin than 26% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

42nd percentile

$12,500

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

NTEE A • $1M-$5M nonprofits • Source year 2024

Asset Growth

33rd percentile

-2.0%

Faster asset growth than 33% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-58%

Faster revenue growth than 6% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,707,708

Down $74,165 (-2.0%) from 2023

Liabilities

Down

$822,130

Down $28,700 (-3.4%) from 2023

Net Assets

Down

$2,885,578

Down $45,465 (-1.6%) from 2023

Revenue

Down

$479,937

Down $657,236 (-58%) from 2023

Expenses

Down

$526,989

Down $3,092 (-0.6%) from 2023

Net Income

Down

-$47,052

Down $654,144 (-108%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $50,261Liabilities 2010: $7,2622010Assets 2011: $55,673Liabilities 2011: $9,2282011Assets 2012: $51,120Liabilities 2012: $4,5232012Assets 2013: $56,073Liabilities 2013: $02013Assets 2014: $68,519Liabilities 2014: $0Net Assets 2014: $68,5192014Assets 2015: $100,417Liabilities 2015: $5,580Net Assets 2015: $94,8372015Assets 2016: $153,615Liabilities 2016: $6,126Net Assets 2016: $147,4892016Assets 2017: $154,930Liabilities 2017: $365Net Assets 2017: $154,5652017Assets 2018: $197,315Liabilities 2018: $0Net Assets 2018: $197,3152018Assets 2019: $1,520,684Liabilities 2019: $800,000Net Assets 2019: $720,6842019Assets 2020: $2,116,599Liabilities 2020: $900,000Net Assets 2020: $1,216,5992020Assets 2021: $2,844,031Liabilities 2021: $1,113,411Net Assets 2021: $1,730,6202021Assets 2022: $3,200,685Liabilities 2022: $877,225Net Assets 2022: $2,323,4602022Assets 2023: $3,781,873Liabilities 2023: $850,830Net Assets 2023: $2,931,0432023Assets 2024: $3,707,708Liabilities 2024: $822,130Net Assets 2024: $2,885,5782024

Highlighted filing

2024

Assets$3,707,708
Liabilities$822,130
Net Assets$2,885,578

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $153,726Expenses 2010: $143,154Net Income 2010: $10,5722010Revenue 2011: $168,474Expenses 2011: $152,875Net Income 2011: $15,5992011Revenue 2012: $166,377Expenses 2012: $166,475Net Income 2012: -$982012Revenue 2013: $164,613Expenses 2013: $155,119Net Income 2013: $9,4942013Revenue 2014: $205,841Expenses 2014: $193,395Net Income 2014: $12,4462014Revenue 2015: $218,393Expenses 2015: $192,075Net Income 2015: $26,3182015Revenue 2016: $332,298Expenses 2016: $279,646Net Income 2016: $52,6522016Revenue 2017: $271,309Expenses 2017: $264,233Net Income 2017: $7,0762017Revenue 2018: $331,741Expenses 2018: $288,991Net Income 2018: $42,7502018Revenue 2019: $947,624Expenses 2019: $360,625Net Income 2019: $586,9992019Revenue 2020: $845,440Expenses 2020: $396,677Net Income 2020: $448,7632020Revenue 2021: $719,565Expenses 2021: $209,296Net Income 2021: $510,2692021Revenue 2022: $1,013,351Expenses 2022: $419,510Net Income 2022: $593,8412022Revenue 2023: $1,137,173Expenses 2023: $530,081Net Income 2023: $607,0922023Revenue 2024: $479,937Expenses 2024: $526,989Net Income 2024: -$47,0522024

Highlighted filing

2024

Revenue$479,937
Expenses$526,989
Net Income-$47,052

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.71$0.82$2.89$0.48$0.53$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.78$0.85$2.93$1.14$0.53$0.61
2022Detailed filing. Detailed filing data is available for this year.$3.20$0.88$2.32$1.01$0.42$0.59
2021Detailed filing. Detailed filing data is available for this year.$2.84$1.11$1.73$0.72$0.21$0.51
2020Summary only. Only limited summary data is available for this year.$2.12$0.90$1.22$0.85$0.40$0.45
2019Summary only. Only limited summary data is available for this year.$1.52$0.80$0.72$0.95$0.36$0.59
2018Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$0.33$0.29$0.04
2017Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$0.27$0.26$0.01
2016Summary only. Only limited summary data is available for this year.$0.15$0.01$0.15$0.33$0.28$0.05
2015Summary only. Only limited summary data is available for this year.$0.10$0.01$0.09$0.22$0.19$0.03
2014Summary only. Only limited summary data is available for this year.$0.07$0.00$0.07$0.21$0.19$0.01
2013Summary only. Only limited summary data is available for this year.$0.06$0.00$0.16$0.16$0.01
2012Summary only. Only limited summary data is available for this year.$0.05$0.00$0.17$0.17$0.00
2011Summary only. Only limited summary data is available for this year.$0.06$0.01$0.17$0.15$0.02
2010Summary only. Only limited summary data is available for this year.$0.05$0.01$0.15$0.14$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$521,619
Mission and Program Overview

Mission

The mission of the theatre alliance is to inspire, transform and unite the people of the triad through a broad range of unique, diverse and unconventional theatrical experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,833,428$3,055,016▲ $221,588
Savings and Temporary Cash Investments$605,224$573,817▼ $31,407
Cash and Non-Interest-Bearing Accounts$281,149$55,800▼ $225,349
Investments Other Securities$19,677--
Pledges and Grants Receivable$36,318$18,000▼ $18,318
Prepaid Expenses and Deferred Charges$3,565--
Inventories for Sale or Use-$3,000-
Intangible Assets$2,512$2,075▼ $437
Total Assets$3,781,873$3,707,708▼ $74,165
Liabilities
Mortgage Notes Payable Secured by Investment Property$847,503$813,037▼ $34,466
Deferred Revenue$3,327$7,930▲ $4,603
Accounts Payable and Accrued Expenses-$1,163-
Total Liabilities$850,830$822,130▼ $28,700
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,894,725$2,867,578▼ $27,147
Net Assets With Donor Restrictions$36,318$18,000▼ $18,318
Total Net Assets Fund Balance$2,931,043$2,885,578▼ $45,465
Total Liabilities and Net Assets / Fund Balance$3,781,873$3,707,708▼ $74,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,981,541$136,804$2,118,345
Land$918,510-$918,510
Equipment$89,390$96,759$186,149
Other Land Buildings$65,575$3,150$68,725
Leasehold Improvements-$25,988$25,988
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jamie LawsonArtistic DirectorPT$12,500$12,500

Board Members and Trustees

NameTitle
Bob IhriePresident
Eric HermansonAsst. Treasu
Jake MessinaMember
Jeremy EngleMember
Jessica ThackerMember
Marty PittmanMember
Melissa HuntMember
Michele HartleMember
Mick GunterMember
Scott BowenMember
Gwen GregorySecretary
Sherry KnottTreasurer
Butch NoaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$147,059
Program Service Revenue
$287,561
Investment Income
$19,994
Other Revenue
$25,323
All Other Contributions
$137,059
Change in Net Assets
$-47,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$513,989
Salaries, Compensation, and Employee Benefits$13,000
Total Fundraising Expense$6,610
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$74,747--$74,747
Occupancy$60,481--$60,481
Fees for Services Other$50,535--$50,535
Interest$35,943--$35,943
Office Expenses-$30,755-$30,755
Current Officers, Directors, Trustees, and Key Employees$13,000--$13,000
Insurance-$6,922-$6,922
Advertising--$6,610$6,610
Other Expenses$3,950$1,155-$1,155
Total Functional Expenses$477,178$43,201$6,610$526,989
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
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
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, Page 6, Part VI, Line 11B

No preliminary review of the form 990 is conducted by the full board of directors. The return is reviewed by the board treasurer and signed by the board president prior to filing. After filing, copies are provided to all board members. A final copy of the return is filed and kept with the organization's records, so it is readily available to review by any other interested parties.

Form 990, Page 6, Part VI, Line 12C

Members of the board of directors are asked to disclose any activities which would conflict with the mission of the winston salem theatre alliance or impact their service to the organization.

Form 990, Page 6, Part VI, Line 19

The documents are readily available upon request.

Filing and Contact Details

Filer

Filer Name
Winston-salem Theatre Alliance Inc
EIN
56-1585412
Phone
3367237777
Address
650 W 6TH STREET, WINSTONSALEM, NC 27101

Signing Officer

Name
Sherry Knott
Title
Treasurer
Phone
3367237777
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherry Knott
Formed
1986
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
575

Preparer

Firm
Butler Burke Llp
Address
100 CLUB OAKS COURT SUITE A, WINSTONSALEM, NC 27104
Preparer
Jane R Potter
Phone
3367682310
Supplemental Narrative

Additional Explanations

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

To stage superior theatrical performances, to produce unique and challenging works for the winston-salem community and the greater triad area, and to provide opportunities for actor/technicians to increase and improve their skills. We performed 15 shows on our mainstage, jamie lawson auditorium at ihrie theatre, which ranged from comedy to drama and everything in between, and widely represented our community with those selections, and many of which have not been seen on a community theatre stage in the triad. We opened two additional venues (beall theatre, our nostalgic black box, and gray smith stage, our outdoor venue (a work in progress)) and ran six performances each in them, as well as a reading and a one-night only special event, which added 14 events to our current roster. We participated in community events, including pride and christmas parades, angel tree, and gifts for the parenting path. We hosted two volunteer parties to recognize the backbone of our organization. We presented red, hot, and cole to local retirement communities. We actively loaned from our costume, scenic, and prop shops to other community theatres and to local schools for their productions. A diverse group of 575+ volunteers participated.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0ARTISTIC DIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9ASST. TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDE
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IRS990/MissionDesc0THE MISSION OF THE THEATRE ALLIANCE IS TO INSPIRE, TRANSFORM AND UNITE THE PEOPLE OF THE TRIAD THROUGH A BROAD RANGE OF UNIQUE, DIVERSE AND UNCONVENTIONAL THEATRICAL EXPERIENCES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO STAGE SUPERIOR THEATRICAL PERFORMANCES, TO PRODUCE UNIQUE AND CHALLENGING WORKS FOR THE WINSTON-SALEM COMMUNITY AND THE GREATER TRIAD AREA, AND TO PROVIDE OPPORTUNITIES FOR ACTOR/TECHNICIANS TO INCREASE AND IMPROVE THEIR SKILLS. WE PERFORMED 15 SHOWS ON OUR MAINSTAGE, JAMIE LAWSON AUDITORIUM AT IHRIE THEATRE, WHICH RANGED FROM COMEDY TO DRAMA AND EVERYTHING IN BETWEEN, AND WIDELY REPRESENTED OUR COMMUNITY WITH THOSE SELECTIONS, AND MANY OF WHICH HAVE NOT BEEN SEEN ON A COMMUNITY THEATRE STAGE IN THE TRIAD. WE OPENED TWO ADDITIONAL VENUES (BEALL THEATRE, OUR NOSTALGIC BLACK BOX, AND GRAY SMITH STAGE, OUR OUTDOOR VENUE (A WORK IN PROGRESS)) AND RAN SIX PERFORMANCES EACH IN THEM, AS WELL AS A READING AND A ONE-NIGHT ONLY SPECIAL EVENT, WHICH ADDED 14 EVENTS TO OUR CURRENT ROSTER. WE PARTICIPATED IN COMMUNITY EVENTS, INCLUDING PRIDE AND CHRISTMAS PARADES, ANGEL TREE, AND GIFTS FOR THE PARENTING PATH. WE HOSTED TWO VOLUNTEER PARTIES TO RECOGNIZE THE BACKBONE OF OUR ORGANIZATION. WE PRESENTED RED, HOT, AND COLE TO LOCAL RETIREMENT COMMUNITIES. WE ACTIVELY LOANED FROM OUR COSTUME, SCENIC, AND PROP SHOPS TO OTHER COMMUNITY THEATRES AND TO LOCAL SCHOOLS FOR THEIR PRODUCTIONS. A DIVERSE GROUP OF 575+ VOLUNTEERS PARTICIPATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO PRELIMINARY REVIEW OF THE FORM 990 IS CONDUCTED BY THE FULL BOARD OF DIRECTORS. THE RETURN IS REVIEWED BY THE BOARD TREASURER AND SIGNED BY THE BOARD PRESIDENT PRIOR TO FILING. AFTER FILING, COPIES ARE PROVIDED TO ALL BOARD MEMBERS. A FINAL COPY OF THE RETURN IS FILED AND KEPT WITH THE ORGANIZATION'S RECORDS, SO IT IS READILY AVAILABLE TO REVIEW BY ANY OTHER INTERESTED PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD OF DIRECTORS ARE ASKED TO DISCLOSE ANY ACTIVITIES WHICH WOULD CONFLICT WITH THE MISSION OF THE WINSTON SALEM THEATRE ALLIANCE OR IMPACT THEIR SERVICE TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE READILY AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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