Three Bone Theatre INC EIN 46-4220126

Three Bone Theatre INC

EIN  46-4220126 Public charity (501(c)(3)) Charlotte, NC
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Size
$100K–1M
What they do
Uses theatre to spark community conversations and drive positive change.
Leadership
Rebecca Schultz · Executive Dir.
Money in and out
$332K revenue, $247K expenses
Bottom line
65% program efficiency

Uses theatre to spark community conversations and drive positive change. For fiscal year 2025 it reported $332K in revenue, $247K in expenses, and $371K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$247K
Pt IX · Ln 25
Net assets
$371K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $86K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.34 Fundraising $0.00
Program efficiency
65%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
16.2mo
months of highly liquid reserves at operating expense rate▼ -23% vs prior filing year
Surplus margin
+26%
revenue over expenses, this year▼ -13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$332K
FY2025▲ +35%
Expenses
$247K
FY2025▲ +42%
Total assets
$391K
FY2025▲ +23%
Total liabilities
$20K
FY2025▼ -71%
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$247K
Pt IX · Ln 25
Net assets
$371K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$86K
Total assetsPt X · Ln 16$391K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $161K of program spending, described in the organization's own filed words · FY2024.
01

45 performances across four mainstage productions and one special event. Included the regional premieres of Jajas African Hair Braiding, Mary Jane, what the end will be, and Electricidad. Also includes a special engagement with the City of Charlotte to improve the black box theatre at The Arts Factory.

$161Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThree Bone Theatre INC
EINHdr · item D46-4220126
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jwww.threebonetheatre.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robin Tynes-Miller’s $56K as Artistic and Operations Director is at the 50th percentile of top reported officer pay among 2213 $100K–1M 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

NameFY2022FY2021FY2020
Robin Tynes-Miller$55,735$4,084$2,000
Callie Richards$2,883$2,000$3,500
Tiffany Bryant-Jackson$2,500$1,250
Ryan Maloney$1,500$2,000

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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Statement of Revenue

Part VIII
Contributions & grants$260K · 78%
Program service revenue$66K · 20%
Other revenue$6K · 2%
Contributions & grants78%$260K
Program service revenue20%$66K
Other revenue2%$6K
Investment income$17
— government grantsLn 1e$132K
Total revenueLn 12$332K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.34 Fundraising $0.00
Program services65%$161K
Management & general34%$84K
Fundraising$968
Total functional expensesLn 25$247K

Balance Sheet

Part X · end of year
CashLn 1$326K
Total assetsLn 16$391K
Total liabilitiesLn 26$20K
Total net assetsLn 32$371K
Months of cash on handcomputed15.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $326K · Operating expenses (Pt IX) $247K · Less non-cash grants $6K · Cash operating expenses/yr $241K
16.2 months
Where the money goes
Program services
Program services $161K · Total expenses $247K
65%
Management & General
Management & general $84K · Total expenses $247K
34%
Fundraising
Fundraising $968 · Total expenses $247K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $784 · Solicited contributions (2-yr avg) $158K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $260K · Total revenue $332K
78%
Government reliance
Government grants $132K · Total revenue $332K
40%
Earned-income share
Program service revenue $66K · Total revenue $332K
20%
Investment reliance
Investment income $17 · Total revenue $332K
0%
Program self-sufficiency
Program service revenue $66K · Total expenses $247K
27%
Growth & trend
Revenue growth (YoY)
This year $332K · Prior year $247K
+35%
Revenue CAGR
FY2019 $70K · FY2024 $332K
+36%
Net-asset trend (YoY)
End of year $371K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $332K · Expenses $247K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $391K
Net-asset ratio
Net assets $371K · Total assets $391K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $391K
0%
People & payroll
Highest Reported Total Compensation
Individual Rebecca Schultz · Reported title Executive Dir. · Highest reported compensation $0 · Total expenses $247K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $116K · Total expenses $247K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 34%
Fundraising cost ratio 0%
Revenue growth 35%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$72K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$332K revenue · viewing · ⤓ 990 PDF
FY2024$247K revenue · ⤓ 990 PDF
FY2023$188K revenue · ⤓ 990 PDF
FY2022$112K revenue · ⤓ 990 PDF
FY2021$76K revenue · ⤓ 990 PDF
FY2020$70K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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