Civic Intelligence

The Gilbert Theater Inc

EIN 56-1945526 • 501(c)3 • Fayetteville, NC

Profile

Provide community arts theater productions in the greater fayetteville, nc area.

P O Box 53704Fayetteville, NC 28305

www.gilberttheater.com

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.00x

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

NTEE A60 • <$500k nonprofits • Source year 2024

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Source year 2024

Top Officer Pay

91st percentile

$24,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

NTEE A60 • <$500k nonprofits • Source year 2024

Asset Growth

93rd percentile

527%

Faster asset growth than 93% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

225%

Faster revenue growth than 92% of similar nonprofits.

NTEE A60 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$278,688

Up $234,229 (+527%) from 2023

Liabilities

Down

$725

Down $37,334 (-98%) from 2023

Net Assets

Up

$277,963

Up $271,563 (+4243%) from 2023

Revenue

Up

$388,639

Up $268,922 (+225%) from 2023

Expenses

Up

$170,765

Up $25,957 (+18%) from 2023

Net Income

Up

$217,874

Up $242,965 (+968%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $61,658Liabilities 2010: $0Net Assets 2010: $61,6582010Assets 2011: $68,888Liabilities 2011: $0Net Assets 2011: $68,8882011Assets 2012: $45,422Liabilities 2012: $0Net Assets 2012: $45,4222012Assets 2013: $38,522Liabilities 2013: $652Net Assets 2013: $37,8702013Assets 2014: $36,704Liabilities 2014: $808Net Assets 2014: $35,8962014Assets 2016: $23,982Liabilities 2016: $0Net Assets 2016: $23,9822016Assets 2017: $21,992Liabilities 2017: $988Net Assets 2017: $21,0042017Assets 2018: $25,647Liabilities 2018: $310Net Assets 2018: $25,3372018Assets 2019: $25,202Liabilities 2019: $5,180Net Assets 2019: $20,0222019Assets 2020: $35,283Liabilities 2020: $253Net Assets 2020: $35,0302020Assets 2022: $70,604Liabilities 2022: $39,113Net Assets 2022: $31,4912022Assets 2023: $44,459Liabilities 2023: $38,059Net Assets 2023: $6,4002023Assets 2024: $278,688Liabilities 2024: $725Net Assets 2024: $277,9632024

Highlighted filing

2024

Assets$278,688
Liabilities$725
Net Assets$277,963

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $49,1552010Revenue 2011: $64,062Expenses 2011: $56,832Net Income 2011: $7,2302011Expenses 2012: $94,9322012Revenue 2013: $100,924Expenses 2013: $108,475Net Income 2013: -$7,5512013Revenue 2014: $99,660Expenses 2014: $101,634Net Income 2014: -$1,9742014Revenue 2016: $93,836Expenses 2016: $94,812Net Income 2016: -$9762016Revenue 2017: $94,045Expenses 2017: $97,023Net Income 2017: -$2,9782017Revenue 2018: $90,753Expenses 2018: $86,420Net Income 2018: $4,3332018Revenue 2019: $87,159Expenses 2019: $92,474Net Income 2019: -$5,3152019Revenue 2020: $89,670Expenses 2020: $78,512Net Income 2020: $11,1582020Revenue 2022: $114,355Expenses 2022: $147,908Net Income 2022: -$33,5532022Revenue 2023: $119,717Expenses 2023: $144,808Net Income 2023: -$25,0912023Revenue 2024: $388,639Expenses 2024: $170,765Net Income 2024: $217,8742024

Highlighted filing

2024

Revenue$388,639
Expenses$170,765
Net Income$217,874

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 9, 2024
Return Version
2023v5.1
Gross Receipts
$388,639
Mission and Program Overview

Mission

Provide community arts theater productions in the greater fayetteville, nc.

Provide community arts theater productions in the greater fayetteville, nc area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,134$196,458▲ $185,324
Land, Buildings, and Equipment, Net$33,325$82,230▲ $48,905
Total Assets$44,459$278,688▲ $234,229
Liabilities
Unsecured Notes Loans Payable$37,152--
Accounts Payable and Accrued Expenses$907$725▼ $182
Total Liabilities$38,059$725▼ $37,334
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,400$277,963▲ $271,563
Total Net Assets Fund Balance$6,400$277,963▲ $271,563
Total Liabilities and Net Assets / Fund Balance$44,459$278,688▲ $234,229

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$82,230$17,540$49,996
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lawrence Carlisle IiiArtistic DirectorFT$24,000$24,000
Sara OswaldAdvisory Board Member-$3,600$3,600

Board Members and Trustees

NameTitle
Amy SteffanPresident
Roger BoberVice President
Arthur MayfieldAdvisory Board Member
Lynn PryerAdvisory Board Member
Robyne ParrishAdvisory Board Member
Amanda BriggsBoard Member
Cate OcallahanBoard Member
DANIEL McLOUDBoard Member
Jasmine ColemanBoard Member
John DeanSecretary
Vikki ClarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$296,347
Program Service Revenue
$92,292
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,500
Change in Net Assets
$217,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,939
Salaries, Compensation, and Employee Benefits$75,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,929--$72,929
Fees for Services Other$38,529--$38,529
All Other Expenses$22,031--$22,031
Royalties$18,633--$18,633
Other Expenses$5,083--$5,083
Interest$4,000--$4,000
Payroll Taxes$2,897--$2,897
Insurance$2,244--$2,244
Depreciation Depletion$619--$619
Total Functional Expenses$170,765$0$0$170,765
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
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
Yes
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 governing body review Part VI line 11

Part vi line 11b - organizations process to review form 990no review was or will be conducted.

CEO executive director top management comp Part VI line 15A

The board approves all compensation packages.

Other officer or key employee compensation Part VI line 15B

The board approves all compensation packages.

Form 990 availability to public Part VI line 18

Form 990 is not made available to the public.

Governing documents etc available to public Part VI line 19

Governing documents are not made available to the public.

Filing and Contact Details

Filer

Filer Name
The Gilbert Theater Inc
EIN
56-1945526
Address
P O BOX 53704, Fayetteville, NC 28305

Signing Officer

Name
Amy Steffan
Title
President
Phone
9106787186
Signed
2024-09-09
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
13
Employees
1

Preparer

Firm
William R Coleman
Address
P O BOX 9041, FAYETTEVILLE, NC 28311
Preparer
William R Coleman
Phone
9109875557
Supplemental Narrative

Additional Explanations

Amended return information

2020 return was amended. When 2021 return was prepared the un-amended information carried from the 2020 to 2021 prior year fields. The preparer did not identify the error prior to filing the 2021 return.

Explanation of other changes in net assets or fund balances Part XI line 9

To adjust for prior years accumulated depreciation not recorded on organization books.

List of other fees for services expenses Part IX line 11G

See detail worksheet program services column a.

List of other expenses Part IX line 24E

Other expenses $24,349 see detail worksheet other expenses

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt02020 RETURN WAS AMENDED. WHEN 2021 RETURN WAS PREPARED THE UN-AMENDED INFORMATION CARRIED FROM THE 2020 TO 2021 PRIOR YEAR FIELDS. THE PREPARER DID NOT IDENTIFY THE ERROR PRIOR TO FILING THE 2021 RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART VI LINE 11B - ORGANIZATIONS PROCESS TO REVIEW FORM 990NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES ALL COMPENSATION PACKAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES ALL COMPENSATION PACKAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TO ADJUST FOR PRIOR YEARS ACCUMULATED DEPRECIATION NOT RECORDED ON ORGANIZATION BOOKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SEE DETAIL WORKSHEET PROGRAM SERVICES COLUMN A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER EXPENSES $24,349 SEE DETAIL WORKSHEET OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt019679
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IRS990/TotalProgramServiceRevenueAmt092292
IRS990/TotalReportableCompFromOrgAmt027600
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0388639
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IRS990/WebsiteAddressTxt0WWW.GILBERTTHEATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY STEFFAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09106787186
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GILBERT THEATER INC
ReturnHeader/Filer/BusinessNameControlTxt0GILB
ReturnHeader/Filer/EIN0561945526
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 53704
ReturnHeader/Filer/USAddress/CityNm0Fayetteville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028305
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAM R COLEMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 9041
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAYETTEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028311
ReturnHeader/PreparerPersonGrp/PhoneNum09109875557
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM R COLEMAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-09-11T15:11:08-04:00
ReturnHeader/ReturnTypeCd0990

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