Theatrelab INC FY2020 filing

Richmond, VAUnknown exempt organizationEIN 46-4424495Revenue $57K in FY2020

On file with the IRStheatrelab.org300 E Broad St · Richmond, VA

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Through artists and imagination, TheatreLAB creates unique theatrical experiences that spark a collaborative exchange of ideas between artist and audience. The TheatreLAB ensemble cultivates an environment that fosters emerging talent and challenges artistic norms.

18¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 3
filings with a surplus
Average deficit $46K a year · 67% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
18%
of spending
Concern: 18% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$152K
243% of total assets
Concern: liabilities are 243% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57K
Spent
$132K
To programs
18%
Net assets
−$89K
By yearFY2020–FY2025
Revenue
$57K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$57K
FY2021$91K
FY2022$55K
FY2023$28K
FY2024$104K
FY2025$107K
Expenses
$132K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$132K
FY2021$114K
FY2022$94K
FY2023Not on file
FY2024Not on file
FY2025Not on file
Net assets
−$89K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$89K
FY2021−$107K
FY2022−$146K
FY2023−$71K
FY2024−$80K
FY2025Not on file

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2025.

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

Where the money goes

18 cents of each dollar spent went to programs.

Program services 18% · $24K Management & general 82% · $107K

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

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Who runs it and what they're paid

6 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Artistic Director
$4,990Pt VII · Sec A
Co-Artistic Director
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Outreach Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
David Gray$17,681$4,990

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

Creates unique theatre sparking artist-audience idea exchange and fostering emerging talent.

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2 programs · $24K · in their own filed words · FY2020
01

TheatreLAB has chosen live performance as our artistic medium because of its immediacy, its immersive ness, and its inherent ability to build a community through shared experience. In order to continue developing and expanding the Richmond theatre audience-base, we believe that patrons should be continually offered high-quality…

$23Kprogram expense
02

In connection with the shows produced, TheatreLAB offered its patrons various concessions during the show(s).

$1Kprogram 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
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$57K
Ln 12
Gifts and grantsLn 1h$43K
Fees for servicesLn 2g$10K
Other incomeLn 4–11$4K
Money outPt IX
$132K
Ln 25
Programscol B$24K
Managementcol C$107K
Owns and owesPt X
−$89K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$63K
LiabilitiesLn 26$152K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$10K
Other incomeLn 4–11$4K
Gains on assetsLn 7$0
Total revenueLn 12$57K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$0
Cash and savings togetherLn 1–2$25K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$31K
Other assetsLn 15$0
Total assetsLn 16$63K
LiabilitiesLn 26$152K
Net assetsLn 32−$89K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3K$25K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$41K$31K
Total assetsLn 16$46K$63K
LiabilitiesLn 26$61K$152K
Net assetsLn 32−$15K−$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$20K$0$20K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$2K$0$2K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$3K$0$3K$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$2K$0$2K$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$60K$0$60K$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$11K$0$11K$0
InsuranceLn 23$5K$0$5K$0
Other expenses (24a–d)Ln 24$26K$24K$1K$0
Total functional expensesLn 25$132K$24K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $107K 990 PDF
FY2024 $104K−$80K 990 PDF
FY2023 $28K−$71K 990 PDF
FY2022 $55K$94K−$39K−$146K 990 PDF
FY2021 $91K$114K−$23K−$107K 990 PDF
FY2020 Viewing $57K$132K−$75K−$89K 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 FY2020 990 (6 parts)
Part I · Summary $56,900 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $44,863$42,595
I-9 Program service revenuePrior year $97,358$10,153
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $9,560$4,152
I-12 Total revenuePrior year $151,781$56,900
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,662$22,105
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $152,347$109,444
I-18 Total expensesPrior year $175,009$131,549
I-19 Revenue less expensesPrior year −$23,228−$74,649
Part VI · Governance 5 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $56,900 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$42,595
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$42,595
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,153 · Unrelated business $0 · Excluded from tax $0$10,153
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $4,152 · Unrelated business $0 · Excluded from tax $0$4,152
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $14,305 · Unrelated business $0 · Excluded from tax $0$56,900
Part IX · Statement of functional expenses $131,549 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $20,400 · Fundraising $0$20,400
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $1,705 · Fundraising $0$1,705
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $3,057 · Fundraising $0$3,057
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $2,081 · Fundraising $0$2,081
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $2,389 · Fundraising $0$2,389
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $60,382 · Fundraising $0$60,382
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $10,891 · Fundraising $0$10,891
IX-23 InsurancePrograms $0 · Management $4,991 · Fundraising $0$4,991
IX-24 Other expenses (24a–d)Programs $24,251 · Management $1,402 · Fundraising $0$25,653
IX-25 Total functional expensesPrograms $24,251 · Management $107,298 · Fundraising $0$131,549
Part X · Balance sheet $62,538 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $2,565$24,726
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $2,540$2,768
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$4,500
X-10c Land, buildings and equipment, netStart of year $41,235$30,544
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $46,340$62,538
X-17 Accounts payable and accrued expensesStart of year $45,009$55,060
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $15,920$12,016
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$84,700
X-26 Total liabilitiesStart of year $60,929$151,776
X-32 Total net assets or fund balancesStart of year −$14,589−$89,238
X-33 Total liabilities and net assetsStart of year $46,340$62,538
Part XI · Reconciliation of net assets −$89,238 net assets at year end
XI-1 Total revenue$56,900
XI-2 Total expenses$131,549
XI-3 Revenue less expenses−$74,649
XI-4 Net assets at start of year−$14,589
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$89,238

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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