Bct Management INC FY2022 filing

Tax-deductible

Bloomington, IN501(c)(3)Since 2001Arts & CultureEIN 35-2146138

The mission in leading bloomington's most historic community performance venue is to harness the power of human connection, create engaging experiences, and foster a deep appreciation for the arts within the community.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $12K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$482K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-1% vs prior year
Spent
$1.4M
To programs
80%
Net assets
$456K
By yearFY2020–FY2025
Revenue
$1.2M
FY2022▼ -1%
Revenue by fiscal year
FY2020$555K
FY2021$1.3M
FY2022$1.2M
FY2023$991K
FY2024$1.1M
FY2025$1.1M
Expenses
$1.4M
FY2022▲ +77%
Expenses by fiscal year
FY2020$656K
FY2021$775K
FY2022$1.4M
FY2023$1.1M
FY2024$1.1M
FY2025$1.1M
Net assets
$456K
FY2022▼ -22%
Net assets by fiscal year
FY2020$111K
FY2021$589K
FY2022$456K
FY2023$335K
FY2024$315K
FY2025$297K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.1M Management & general 14% · $192K Fundraising 6% · $80K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director - Part Year
$74,168Pt VII · Sec A
Executive Director - Part Year
$13,285Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Steve Versaw’s $86K as Executive Director is at the 22nd 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Steve Versaw$85,985$82,800$28,662———
Jonah Crismore———$74,168$68,000$53,615
Brad Schiesser——$38,942$13,285——
Sara Laughlin——$5,769———

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.

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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 performances and events for the community's enjoyment and enrichment.

Provided by the organization

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1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2022.
01

In accordance with a contract with the city of bloomington, the organization is to develop, manage, fund and promote the buskirk-chumley theater in bloomington, INDIANA.DAYS of usage 216 including 141 performance days, 20 REHEARSAL/TECH usage days and 55 private EVENTS.TOTAL attendance at events was 36,840TOTAL artists served: 2,116

$1.1Mprogram expense

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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
Total grants receivedfrom 2 funders$7K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$583K
Gifts and grantsLn 1h$575K
Other incomeLn 4–11$80K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$192K
Fundraisingcol D$80K
Owns and owesPt X
$456K
net assets · Ln 32
Cash and savingsLn 1–2$870K
Total assetsLn 16$939K
LiabilitiesLn 26$482K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$575K
Government grantsLn 1e$281K
Noncash giftsLn 1g$8K
Fees for servicesLn 2g$583K
Investment incomeLn 3$136
Other incomeLn 4–11$80K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$870K
Cash and savings togetherLn 1–2$870K
Land, buildings, equipmentLn 10c$26K
Other assetsLn 15$7K
Total assetsLn 16$939K
LiabilitiesLn 26$482K
Net assetsLn 32$456K
OperationsPt I, VI
EmployeesI 561
VolunteersI 685
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$745K$870K
Land, buildings, equipmentLn 10c$9K$26K
Total assetsLn 16$880K$939K
LiabilitiesLn 26$291K$482K
Net assetsLn 32$589K$456K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$92K$67K$17K$8K
Other salaries and wagesLn 7$568K$413K$107K$48K
Other employee benefitsLn 9$52K$38K$10K$4K
Payroll taxesLn 10$51K$37K$10K$4K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$700$490$140$70
Advertising and promotionLn 12$43K$30K$9K$4K
Office expensesLn 13$22K$15K$4K$2K
OccupancyLn 16$46K$39K$5K$2K
Depreciation, depletion and amortizationLn 22$6K$5K$608
InsuranceLn 23$18K$13K$5K
Other expenses (24a–d)Ln 24$461K$445K$10K$6K
Total functional expensesLn 25$1.4M$1.1M$192K$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.1M−$25K$297K 990 PDF
FY2024 $1.1M$1.1M−$22K$315K 990 PDF
FY2023 $991K$1.1M−$125K$335K 990 PDF
FY2022 Viewing $1.2M$1.4M−$132K$456K 990 PDF
FY2021 $1.3M$775K$478K$589K 990 PDF
FY2020 $555K$656K−$100K$111K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,238,375 across 8 lines filed
Lines not itemized here account for $66,361 of total revenue; see the IRS return.
VIII-1e Government grants$280,544
VIII-1f All other contributions, gifts and grants$294,578
VIII-1g Noncash contributions (included above)$8,282
VIII-1h Total contributions, gifts and grants$575,122
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $583,125$583,125
VIII-3 Investment incomeExcluded from tax $136$136
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,631$13,631
VIII-12 Total revenueRelated to mission $663,117 · Unrelated business $0 · Excluded from tax $136$1,238,375
Part IX · Statement of functional expenses $1,370,729 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $66,954 · Management $17,299 · Fundraising $7,714$91,967
IX-7 Other salaries and wagesPrograms $413,366 · Management $106,799 · Fundraising $47,626$567,791
IX-9 Other employee benefitsPrograms $38,187 · Management $9,866 · Fundraising $4,399$52,452
IX-10 Payroll taxesPrograms $37,338 · Management $9,647 · Fundraising $4,302$51,287
IX-11c Accounting feesManagement $10,225$10,225
IX-11g Other fees for servicesPrograms $490 · Management $140 · Fundraising $70$700
IX-12 Advertising and promotionPrograms $30,266 · Management $8,648 · Fundraising $4,323$43,237
IX-13 Office expensesPrograms $15,480 · Management $4,423 · Fundraising $2,212$22,115
IX-16 OccupancyPrograms $38,795 · Management $4,564 · Fundraising $2,282$45,641
IX-22 Depreciation, depletion and amortizationManagement $5,474 · Fundraising $608$6,082
IX-23 InsurancePrograms $12,777 · Management $5,476$18,253
IX-24 Other expenses (24a–d)Programs $445,198 · Management $9,536 · Fundraising $6,245$460,979
IX-25 Total functional expensesPrograms $1,098,851 · Management $192,097 · Fundraising $79,781$1,370,729
Part X · Balance sheet $938,688 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $745,112$870,387
X-4 Accounts receivableStart of year $11,976$24,563
X-9 Prepaid expenses and deferred chargesStart of year $7,250$10,500
X-10c Land, buildings and equipment, netStart of year $8,936$26,238
X-15 Other assetsStart of year $106,468$7,000
X-16 Total assetsStart of year $879,742$938,688
X-17 Accounts payable and accrued expensesStart of year $12,386$27,294
X-19 Deferred revenueStart of year $133,903$455,045
X-25 Other liabilitiesStart of year $144,750$0
X-26 Total liabilitiesStart of year $291,039$482,339
X-27 Net assets without donor restrictionsStart of year $588,703$272,620
X-28 Net assets with donor restrictions$183,729
X-32 Total net assets or fund balancesStart of year $588,703$456,349
X-33 Total liabilities and net assetsStart of year $879,742$938,688
Part XI · Reconciliation of net assets $456,349 net assets at year end
XI-1 Total revenue$1,238,375
XI-2 Total expenses$1,370,729
XI-3 Revenue less expenses−$132,354
XI-4 Net assets at start of year$588,703
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$456,349

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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