Civic Intelligence

Asheville Community Theatre Inc

EIN 56-6002669 • 501(c)3 • Asheville, NC

Profile

To provide entertainment, enrichment, and education through the practice and celebration of the theatre arts. Our vision is for the theatre to be an integral part of the community.

35 East Walnut StreetAsheville, NC 28801

ashevilletheatre.org

Siviq Scores

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

Liabilities / Assets

64th percentile

0.14x

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

NTEE A • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.37x

Higher debt load relative to revenue than 76% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2023

Net Margin

19th percentile

-18%

Higher net margin than 19% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

NTEE A • $1M-$5M nonprofits • Source year 2023

Asset Growth

29th percentile

-3.5%

Faster asset growth than 29% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

41%

Faster revenue growth than 75% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,461,129

Down $90,586 (-3.6%) from 2022

Liabilities

Up

$346,507

Up $112,996 (+48%) from 2022

Net Assets

Down

$2,114,622

Down $203,582 (-8.8%) from 2022

Revenue

Up

$935,505

Up $270,147 (+41%) from 2022

Expenses

Up

$1,102,420

Up $227,037 (+26%) from 2022

Net Income

Up

-$166,915

Up $43,110 (+21%) from 2022

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 2011: $1,036,020Liabilities 2011: $106,795Net Assets 2011: $929,2252011Assets 2012: $1,003,207Liabilities 2012: $87,817Net Assets 2012: $915,3902012Assets 2013: $930,385Liabilities 2013: $49,744Net Assets 2013: $880,6412013Assets 2014: $1,030,513Liabilities 2014: $86,597Net Assets 2014: $943,9162014Assets 2015: $964,491Liabilities 2015: $65,623Net Assets 2015: $898,8682015Assets 2016: $1,446,664Liabilities 2016: $54,593Net Assets 2016: $1,392,0712016Assets 2017: $3,027,921Liabilities 2017: $1,475,170Net Assets 2017: $1,552,7512017Assets 2018: $2,917,513Liabilities 2018: $788,494Net Assets 2018: $2,129,0192018Assets 2019: $2,631,210Liabilities 2019: $548,107Net Assets 2019: $2,083,1032019Assets 2020: $2,416,248Liabilities 2020: $196,198Net Assets 2020: $2,220,0502020Assets 2021: $2,784,944Liabilities 2021: $204,571Net Assets 2021: $2,580,3732021Assets 2022: $2,551,715Liabilities 2022: $233,511Net Assets 2022: $2,318,2042022Assets 2023: $2,461,129Liabilities 2023: $346,507Net Assets 2023: $2,114,6222023

Highlighted filing

2023

Assets$2,461,129
Liabilities$346,507
Net Assets$2,114,622

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $633,2252011Revenue 2012: $601,535Expenses 2012: $633,721Net Income 2012: -$32,1862012Revenue 2013: $667,055Expenses 2013: $711,383Net Income 2013: -$44,3282013Revenue 2014: $802,321Expenses 2014: $787,327Net Income 2014: $14,9942014Revenue 2015: $880,022Expenses 2015: $892,037Net Income 2015: -$12,0152015Revenue 2016: $1,470,873Expenses 2016: $986,049Net Income 2016: $484,8242016Revenue 2017: $1,099,241Expenses 2017: $973,821Net Income 2017: $125,4202017Revenue 2018: $1,598,068Expenses 2018: $1,047,239Net Income 2018: $550,8292018Revenue 2019: $1,107,508Expenses 2019: $1,128,174Net Income 2019: -$20,6662019Revenue 2020: $1,026,058Expenses 2020: $924,134Net Income 2020: $101,9242020Revenue 2021: $769,523Expenses 2021: $458,791Net Income 2021: $310,7322021Revenue 2022: $665,358Expenses 2022: $875,383Net Income 2022: -$210,0252022Revenue 2023: $935,505Expenses 2023: $1,102,420Net Income 2023: -$166,9152023

Highlighted filing

2023

Revenue$935,505
Expenses$1,102,420
Net Income-$166,915

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 15, 2024
Return Version
2022v5.0
Gross Receipts
$936,153
Mission and Program Overview

Mission

To present dramatic works to the community of asheville in the form of entertainment, enrichment and education not available elsewhere in the community.

To provide entertainment, enrichment, and education through the practice and celebration of the theatre arts. Our vision is for the theatre to be an integral part of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,534,871$1,535,710▲ $839
Investments Other Securities$308,765$308,765→ $0
Cash and Non-Interest-Bearing Accounts$266,932$254,376▼ $12,556
Pledges and Grants Receivable$82,380$91,168▲ $8,788
Savings and Temporary Cash Investments$174,846$75,016▼ $99,830
Prepaid Expenses and Deferred Charges$43,874$46,478▲ $2,604
Accounts Receivable$3,791$13,360▲ $9,569
Total Assets$2,551,715$2,461,129▼ $90,586
Other Assets Total$136,256$136,256→ $0
Liabilities
Unsecured Notes Loans Payable$143,858$186,885▲ $43,027
Deferred Revenue$45,882$81,879▲ $35,997
Accounts Payable and Accrued Expenses$43,771$77,743▲ $33,972
Total Liabilities$233,511$346,507▲ $112,996
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,968,004$1,581,245▼ $386,759
Net Assets With Donor Restrictions$350,200$533,377▲ $183,177
Total Net Assets Fund Balance$2,318,204$2,114,622▼ $203,582
Total Liabilities and Net Assets / Fund Balance$2,551,715$2,461,129▼ $90,586

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,200,976$862,636$2,063,612
Equipment$239,101$424,542$663,643
Land$89,056-$89,056
Other Land Buildings$6,577$32,131$38,708
Other Assets Org$136,256--
Other Securities$308,765--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$136,256---$136,256
2021$165,263-▼ $20,744$6,750$136,256
2020$142,352-▲ $37,638$12,780$165,263
2019$143,184-▲ $6,656$6,230$142,352
2018$147,458-▲ $2,042$4,980$143,184
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elizabeth HuddlestonPresident
Andrew AthertonDirector
Damian DavisDirector
David WhildenDirector
Karen TeelDirector
Lance MartinDirector
Lupe PerezDirector
Rob BowenDirector
Robin Turner OswaldDirector
Stephanie Hickling BeckmanDirector
Rick ManheimPast Preside
Susan MaleySecretary
Bray CreechTreasurer
Craig JustusVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$353,908
Program Service Revenue
$546,895
Investment Income
$1,399
Other Revenue
$33,303
All Other Contributions
$211,020
Change in Net Assets
$-166,915

Audited Revenue Reconciliation

Revenue per Audited Statements
$935,505
Total Revenue per Audited Statements
$935,505
Total Revenue per Form 990
$935,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$585,036
Other Expenses$517,384
Total Fundraising Expense$40,148
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$433,342$50,982$25,491$509,815
All Other Expenses$65,697$2,276$923$68,896
Payroll Taxes$37,595$4,423$2,211$44,229
Advertising$27,444$5,146$1,716$34,306
Other Employee Benefits$26,343$3,099$1,550$30,992
Occupancy$19,262$3,852$2,568$25,682
Fees for Services Accounting$18,330$6,110-$24,440
Other Expenses$17,277$3,456$2,304$23,037
Office Expenses$18,913$2,519$1,218$22,650
Fees for Services Other$21,384$166-$21,550
Insurance$16,634$1,957$979$19,570
Fees for Services Management$13,917$1,637$819$16,373
Information Technology$6,275$738$369$7,382
Fees for Services Legal-$3,740-$3,740
Interest$1,174$392-$1,566
Total Functional Expenses$969,384$92,888$40,148$1,102,420

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,102,420
Total Expenses per Audited Statements$1,102,420
Total Expenses per Form 990$1,102,420
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,008
Fundraising Direct Expenses$648
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dramarama$13,207$13,207-$13,207
Total Events$13,207$13,207-$13,207
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
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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 2

Rick manheim karen teel board member board member siblings

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

A copy of form 990 is provided to the board of directors and is reviewed by the treasurer and other selected members of the board who have been designated by the board to provide oversight and approval authority over the 990 filing.

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

All board members are required annually to disclose any conflicts of interest that may exist between themselves and the organization. Any conflicts noted are reported, discussed, and any action determined necessary is taken by the executive committee of the board.

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

Compensation for the executive director and key management positions are discussed during the budget development process each year. The compensation ranges for these positions are developed from comparability data available for the type of organization and the geographical area. This information is documented in the budget development pcoess and discussed and agreed upon by the finance committee, executive committee, and the board of directors.

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

The procedure for other key employees is the same process as noted above.

Form 990, Page 6, Part VI, Line 19

The governing documents, financial statements, and form 990 for the organization are maintained at the organization's administrative offices and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Asheville Community Theatre Inc
EIN
56-6002669
Phone
8282541320
Address
35 EAST WALNUT STREET, ASHEVILLE, NC 28801

Signing Officer

Name
George Sieburg
Title
Finance Director
Phone
8282541320
Signed
2024-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Sieburg
Formed
1946
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
60
Volunteers
151

Preparer

Firm
Gould Killian CPA Group Pa
Address
100 COXE AVE, ASHEVILLE, NC 28801-2354
Preparer
Terry B Andersen CPA
Phone
8282580363
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