Theatrelab INC FY2024 filing

Richmond, VAUnknown exempt organization EIN 46-4424495Revenue $104K in FY2024Latest return filed Feb 22, 2026

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.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990-EZIndependent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990-EZ
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
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$96K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$104K
+270% vs prior year
Net assets
−$80K
By yearFY2020–FY2025
Revenue
$104K
FY2024▲ +270%
Tap a bar for its year
Revenue by fiscal year
FY2020$57K
FY2021$91K
FY2022$55K
FY2023$28K
FY2024$104K
FY2025$107K
Expenses
—
FY2024
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
−$80K
FY2024▼ -12%
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 FY2024 Form 990 · see the original

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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

Who runs it and what they're paid

2 people listed on the 990-EZ.

Part VII, Section A · reportable compensation
$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.

See Theatrelab INC executive salaries →

Programs and updates

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

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2 programs · $38K · in their own filed words · FY2022
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…

$36Kprogram expense
02

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

$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
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990-EZ, line by line.

1The main four
Money in
$104K
Other income$104K
Owns and owes
−$80K
net assets
Liabilities$96K
People
2
listed
Paid0
2In more detail
Revenue in detail
Other income$104K
Total revenue$104K
Assets in detailEnd of year
Liabilities$96K
Net assets−$80K
Operations
Employees1
Volunteers5
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 22, 2026 $107K 990 PDF
FY2024 ViewingFiled with the IRS Nov 11, 2025 $104K−$80K 990 PDF
FY2023Filed with the IRS May 20, 2025 $28K−$71K 990 PDF
FY2022Filed with the IRS May 15, 2023 $55K$94K−$39K−$146K 990 PDF
FY2021Filed with the IRS May 11, 2022 $91K$114K−$23K−$107K 990 PDF
FY2020Filed with the IRS May 16, 2021 $57K$132K−$75K−$89K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

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

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