Town Hall Theater INC: Nonprofit Profile, Financials & Form 990 (EIN 03-0358794)

Lisa Mitchell’s $85K as Executive Di is at the 21st percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

Name	FY2024	FY2023	FY2021	FY2020
Lisa Mitchell	$85,000	$78,850	$69,086	$60,966
Mark Bradley	—	—	—	$18,281

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Town Hall Theater INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents diverse performing arts and offers classes in a historic town hall.

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3 programs · $109K · in their own filed words · FY2024

01

Theater Performances

The theater produces, sponsors and provides a venue for many concerts, stage productions, art installations, films, and other cultural activities.

$83Kprogram expense

02

Workshops, Classes & School Outreach

The theater provides outreach to local schools, provides a variety of arts-based classes and workshops, and is involved in a variety of educational activities in the local community.

$23Kprogram expense

03

Residents, rentals, co-productions (other arts programing, studio rentals, meeting rentals, wedding+party rentals)

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Vermont Community FoundationFY2024$429K

National Philanthropic TrustFY2024$250K

Fidelity Investments Charitable Gift FundFY2024$183K

Donor Advised Charitable Giving INCFY2024$167K

The US Charitable Gift TrustFY2024$25K

Vanguard Charitable Endowment ProgramFY2024$25K

C and a Johnson Family FoundationFY2024$25K

H E Thompson FoundationFY2024$20K

Total grants receivedfrom 17 funders$1.2M

See all 17 funders →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.5M

Ln 12

Gifts and grantsLn 1h$3.9M

Fees for servicesLn 2g$409K

Investment incomeLn 3$163K

Money outPt IX

$1.1M

Ln 25

Programscol B$235K

Managementcol C$861K

Fundraisingcol D$41K

Owns and owesPt X

$13.4M

net assets · Ln 32

Cash and savingsLn 1–2$872K

Total assetsLn 16$14.7M

LiabilitiesLn 26$1.3M

PeoplePt VI, VII

16

listed · VII A

PaidVII A1

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.9M

Government grantsLn 1e$539K

Noncash giftsLn 1g$212K

Fundraising eventsLn 1c$2.9M

Fees for servicesLn 2g$409K

Investment incomeLn 3$163K

Other incomeLn 4–11$3K

Gains on assetsLn 7−$162

Total revenueLn 12$4.5M

Assets in detailPt X, end of year

CashLn 1$119K

SavingsLn 2$753K

Cash and savings togetherLn 1–2$872K

Land, buildings, equipmentLn 10c$3.2M

Other assetsLn 15$9.7M

Total assetsLn 16$14.7M

LiabilitiesLn 26$1.3M

Net assetsLn 32$13.4M

OperationsPt I, VI

EmployeesI 511

VolunteersI 622

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$212K

EndowmentSch D · Pt V

Line	FY24	FY23	FY22	FY21	FY20
End of yearLn 1g	$2.0M	$2.0M	$1.8M	$2.1M	$1.7M
Given inLn 1b		$1K	$21K	$108K
SpentLn 1d–1f	$116K	$15K	$15K	$15K	$117K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$3.4M	$872K
Land, buildings, equipmentLn 10c	$3.4M	$3.2M
Total assetsLn 16	$10.4M	$14.7M
LiabilitiesLn 26	$241K	$1.3M
Net assetsLn 32	$10.1M	$13.4M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$85K		$85K
Other salaries and wagesLn 7	$346K		$346K
Pension plan contributionsLn 8	$8K		$8K
Payroll taxesLn 10	$39K		$39K
Accounting feesLn 11c	$36K		$36K
Other fees for servicesLn 11g	$107K	$90K	$12K	$5K
Advertising and promotionLn 12	$19K	$35	$19K
Office expensesLn 13	$21K	$171	$5K	$16K
Information technologyLn 14	$36K		$36K
RoyaltiesLn 15	$2K	$2K
OccupancyLn 16	$45K		$45K
TravelLn 17	$104K	$103K	$67	$385
Conferences, conventions and meetingsLn 19	$7K		$7K
Depreciation, depletion and amortizationLn 22	$149K		$149K	$354
InsuranceLn 23	$30K	$192	$30K
Other expenses (24a–d)Ln 24	$73K	$14K	$42K	$17K
All other expensesLn 24e	$31K	$26K	$3K	$2K
Total functional expensesLn 25	$1.1M	$235K	$861K	$41K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Oct 1, 2025	$4.5M	$1.1M	$3.3M	$13.4M	990 PDF
FY2023Filed with the IRS Sep 30, 2024	$3.6M	$1.1M	$2.4M	$10.1M	990 PDF
FY2022Filed with the IRS May 15, 2023	$2.5M	$1.0M	$1.5M	$7.7M	990 PDF
FY2021Filed with the IRS Nov 4, 2022	$1.1M	$615K	$479K	$6.2M	990 PDF
FY2020Filed with the IRS Sep 27, 2021	$790K	$576K	$214K	$5.7M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $4,462,465 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,231,240$3,887,452

I-9 Program service revenuePrior year $332,529$408,719

I-10 Investment incomePrior year −$13,099$163,375

I-11 Other revenuePrior year $60$2,919

I-12 Total revenuePrior year $3,550,730$4,462,465

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $448,369$477,862

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $665,967$659,276

I-18 Total expensesPrior year $1,114,336$1,137,138

I-19 Revenue less expensesPrior year $2,436,394$3,325,327

Part VI · Governance 15 of 15 board members independent, no flags

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $4,462,465 across 10 lines filed

Lines not itemized here account for $19,807 of total revenue; see the IRS return.

VIII-1c Fundraising events$2,947,289

VIII-1e Government grants$539,000

VIII-1f All other contributions, gifts and grants$401,163

VIII-1g Noncash contributions (included above)$211,772

VIII-1h Total contributions, gifts and grants$3,887,452

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $388,912$388,912

VIII-3 Investment incomeRelated to mission $84,704 · Excluded from tax $78,833$163,537

VIII-7 Net gain or loss on sales of assetsRelated to mission −$162−$162

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,919$2,919

VIII-12 Total revenueRelated to mission $496,180 · Excluded from tax $78,833$4,462,465

Part IX · Statement of functional expenses $1,137,138 across 17 lines filed

IX-5 Pay of current officers, directors and key staffManagement $85,000$85,000

IX-7 Other salaries and wagesManagement $345,620$345,620

IX-8 Pension plan contributionsManagement $8,386$8,386

IX-10 Payroll taxesManagement $38,856$38,856

IX-11c Accounting feesManagement $35,553$35,553

IX-11g Other fees for servicesPrograms $89,926 · Management $11,992 · Fundraising $5,026$106,944

IX-12 Advertising and promotionPrograms $35 · Management $18,925$18,960

IX-13 Office expensesPrograms $171 · Management $5,264 · Fundraising $16,054$21,489

IX-14 Information technologyManagement $35,634$35,634

IX-15 RoyaltiesPrograms $2,008$2,008

IX-16 OccupancyManagement $45,401$45,401

IX-17 TravelPrograms $103,292 · Management $67 · Fundraising $385$103,744

IX-19 Conferences, conventions and meetingsManagement $6,764$6,764

IX-22 Depreciation, depletion and amortizationManagement $149,065 · Fundraising $354$149,419

IX-23 InsurancePrograms $192 · Management $29,614$29,806

IX-24 Other expenses (24a–d)Programs $13,721 · Management $42,108 · Fundraising $16,876$72,705

IX-24e All other expensesPrograms $25,645 · Management $2,920 · Fundraising $2,284$30,849

IX-25 Total functional expensesPrograms $234,990 · Management $861,169 · Fundraising $40,979$1,137,138

Part X · Balance sheet $14,695,199 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $210,533$118,962

X-2 Savings and temporary cash investmentsStart of year $3,223,426$752,864

X-3 Pledges and grants receivableStart of year $944,866$838,591

X-4 Accounts receivableStart of year $2,146$1,450

X-8 Inventories for sale or useStart of year $548$548

X-9 Prepaid expenses and deferred chargesStart of year $4,502$6,102

X-10c Land, buildings and equipment, netStart of year $3,386,428$3,237,363

X-14 Intangible assets$4,352

X-15 Other assetsStart of year $2,585,965$9,734,967

X-16 Total assetsStart of year $10,358,414$14,695,199

X-17 Accounts payable and accrued expensesStart of year $21,056$35,174

X-19 Deferred revenueStart of year $7,367$3,585

X-25 Other liabilitiesStart of year $7,832$7,939

X-26 Total liabilitiesStart of year $241,372$1,252,830

X-27 Net assets without donor restrictionsStart of year $5,849,066$7,914,619

X-28 Net assets with donor restrictionsStart of year $4,267,976$5,527,750

X-32 Total net assets or fund balancesStart of year $10,117,042$13,442,369

X-33 Total liabilities and net assetsStart of year $10,358,414$14,695,199

Part XI · Reconciliation of net assets $13,442,369 net assets at year end

XI-1 Total revenue$4,462,465

XI-2 Total expenses$1,137,138

XI-3 Revenue less expenses$3,325,327

XI-4 Net assets at start of year$10,117,042

XI-10 Net assets at end of year$13,442,369

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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