Civic Intelligence

Prologue Theatre

990 • Fiscal year 2023 • EIN 82-4641050

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

6408 Williamsburg BlvdArlington, VA 22207

(703) 382-2012

Siviq Scores

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

Liabilities / Assets

80th percentile

0.11x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

25th percentile

-13%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

8th percentile

-61%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

0.0%

Faster revenue growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$26,361

Down $41,471 (-61%) from 2022

Net Assets

Down

$23,444

Down $41,359 (-64%) from 2022

Liabilities

Down

$2,917

Down $112 (-3.7%) from 2022

Revenue

Up

$330,553

Up $48 (+0.0%) from 2022

Expenses

Up

$371,912

Up $51,834 (+16%) from 2022

Net Income

Down

-$41,359

Down $51,786 (-497%) from 2022

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0-$20KAssets 2018: $1,220Liabilities 2018: $5,393Net Assets 2018: -$4,1732018Assets 2019: $47,410Liabilities 2019: $6,874Net Assets 2019: $40,5362019Assets 2020: $50,939Liabilities 2020: $747Net Assets 2020: $50,1922020Assets 2021: $56,485Liabilities 2021: $2,109Net Assets 2021: $54,3762021Assets 2022: $67,832Liabilities 2022: $3,029Net Assets 2022: $64,8032022Assets 2023: $26,361Liabilities 2023: $2,917Net Assets 2023: $23,4442023Assets 2024: $22,620Liabilities 2024: $15,817Net Assets 2024: $6,8032024

Highlighted filing

2023

Assets$26,361
Liabilities$2,917
Net Assets$23,444

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $90,000Expenses 2018: $94,173Net Income 2018: -$4,1732018Revenue 2019: $524,804Expenses 2019: $480,095Net Income 2019: $44,7092019Revenue 2020: $419,973Expenses 2020: $410,317Net Income 2020: $9,6562020Revenue 2021: $400,346Expenses 2021: $396,162Net Income 2021: $4,1842021Revenue 2022: $330,505Expenses 2022: $320,078Net Income 2022: $10,4272022Revenue 2023: $330,553Expenses 2023: $371,912Net Income 2023: -$41,3592023Revenue 2024: $310,952Expenses 2024: $327,593Net Income 2024: -$16,6412024

Highlighted filing

2023

Revenue$330,553
Expenses$371,912
Net Income-$41,359
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$330,553
Mission and Program Overview

Mission

Prologue Theatre's vision is to use theatre as the catalyst for, and to then sustain, open and inclusive community discussion and discourse. Its mission is to present theatre performances and educational programs that start public conversations about important world issues, challenging the community to examine and discuss their views of the world and those around them.

Prologue Theatre had two full productions in the calendar year 2023 (The Cake and Monsters of the American Cinema), continued its new works series FOREWORD by workshopping three new plays, and was awarded the John Aniello Outstanding Emerging Theatre Company Award by Theatre Washington at the Helen Hayes Awards in May. Like virtually all DC area theatre companies, Prologue continued to struggle post COVID with audience attendance, especially for the summer production.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$54,125$17,872▼ $36,253
Land, Buildings, and Equipment, Net$7,382$2,164▼ $5,218
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$67,832$26,361▼ $41,471
Other Assets Total$6,325$6,325→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,029$2,916▼ $113
Other Liabilities-$1-
Total Liabilities$3,029$2,917▼ $112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$64,803$23,444▼ $41,359
Total Net Assets Fund Balance$64,803$23,444▼ $41,359
Total Liabilities and Net Assets / Fund Balance$67,832$26,361▼ $41,471

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,164$23,930$26,094
Other Assets Org$6,325--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christie JohnsonPresident
Chrissy BrownsonDirector
Doug WilderDirector
Yuchin MillerDirector
Holly AmayaSecretary
Irene LevyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$317,892
Program Service Revenue
$12,661
Investment Income
$0
Other Revenue
$0
All Other Contributions
$317,892
Change in Net Assets
$-41,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$279,338
Salaries, Compensation, and Employee Benefits$92,574
Total Fundraising Expense$43,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$132,529$12,468$24,935$169,932
Other Salaries and Wages$56,634$7,500$15,000$79,134
Other Employee Benefits$5,331$761$1,523$7,615
Payroll Taxes$4,077$583$1,165$5,825
Depreciation Depletion$5,219--$5,219
Insurance$3,056$1,707-$4,763
Fees for Services Accounting-$4,079-$4,079
Advertising$3,738--$3,738
Office Expenses$541$1,415$9$1,965
Other Expenses$911$1,899$931$911
Travel$163--$163
Total Functional Expenses$297,937$30,412$43,563$371,912
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
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
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, Part VI, Section A, Line 8B

Not applicable the organization has no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

A complete copy of the organization's Form 990 will be electronically distributed to the entire Board for review prior to submission.

Form 990, Part VI, Section B, Line 15A

The organization's Board takes into account industry best practices with regard to determination of compensation, as well as local regional trends in the DC area.

Form 990, Part VI, Section B, Line 15B

The organization's Board takes into account industry best practices with regard to determination of compensation, as well as local regional trends in the DC area.

Form 990, Part VI, Section C, Line 19

Upon request.

Filing and Contact Details

Filer

Filer Name
Prologue Theatre
EIN
82-4641050
Phone
7033822012
Address
6408 Williamsburg Blvd, Arlington, VA 22207

Signing Officer

Name
Christie Johnson
Title
President
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christie Johnson
Formed
2018
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
8

Preparer

Firm
Quist & Associates LLC
Address
PO Box 372, Occoquan, VA 22125
Preparer
Elizabeth Quist
Phone
7035971370
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: (Additional information is provided in the PDF attachment to this Form 990 filing): ___________________________________________________________________________________ A) Prologue Theatre received its determination letter just 12 months prior to COVID shutdowns, which, for the theatre industry, continued for almost two years. Those restrictions on in person activity were a significant setback to the organization's initial plans for full length productions and substantially impacted both audience and donor development horizons. ___________________________________________________________________________________ B) Solicitation of public support happens consistently before, during, and after each production and following an audience member's attendance at a performance; throughout the performance program and materials in the lobby seen before and after productions; in our social media communication throughout the year, as well as during the traditional end of year campaign. However, as audiences have been slow to return to theatre across the region, it impacts the potential donor base. ___________________________________________________________________________________ C) Finding an amenable landlord as well as the type of commercial space to rent that suits the unique needs of a theatre organization initially took nine months; the unique nature of the space Prologue Theatre currently rents, which provides for rehearsal, building, storage, and meeting space, while also being a walkable distance from public transportation, makes it a critical component to the viability of the organization. ___________________________________________________________________________________ D) Prologue Theatre's Board is thoughtfully made up not of large donors but individuals with a wide breadth of career experiences, business expertise, community volunteer leadership experiences, and a love and commitment to the performing arts which mirrors many in our local community. ___________________________________________________________________________________ E) Prologue Theatre was recognized by its peers for the quality of its productions, audience experience, and contributions to the theatre community by being named the 2023 John Aniello Award recipient for Outstanding Emerging Theatre Company at the Theatre Washington Helen Hayes Awards.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Not applicable the organization has no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A complete copy of the organization's Form 990 will be electronically distributed to the entire Board for review prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's Board takes into account industry best practices with regard to determination of compensation, as well as local regional trends in the DC area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's Board takes into account industry best practices with regard to determination of compensation, as well as local regional trends in the DC area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Christie Johnson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274516447
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Quist & Associates LLC

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