Lean Ensemble Theater EIN 47-2994571 Form 990 (PDF) Claim this org

Lean Ensemble Theater

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Presents diverse, ensemble-based theater that compels thought, sparks emotion, and inspires dialogue. For fiscal year 2025 it reported $527K in revenue, $473K in expenses, and $300K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Hilton Head, SC
Website
www.leanensemble.org
Filings
5 on file (2021–2025)
Revenue
$527KFY2025
Expenses
$473K
Net assets
$300K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-2994571 Public charity (501(c)(3)) Hilton Head, SC
Form 990 (PDF)
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Size
$100K–1M
What they do
Presents diverse, ensemble-based theater that compels thought, sparks emotion, and inspires dialogue.
Leadership
Blake White · Executive Di · $65K
Money in and out
$527K revenue, $473K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$527K
Pt VIII · Ln 12
Total expenses
$473K
Pt IX · Ln 25
Net assets
$300K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $54K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.18 Fundraising $0.02
Program efficiency
79%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
8.3mo
months of highly liquid reserves at operating expense rate▲ +32% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ +503% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$527K
FY2025▲ +7%
Expenses
$473K
FY2025▼ -7%
Total assets
$340K
FY2025▲ +21%
Total liabilities
$40K
FY2025▲ +14%
Total revenue
$527K
Pt VIII · Ln 12
Total expenses
$473K
Pt IX · Ln 25
Net assets
$300K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$54K
Total assetsPt X · Ln 16$340K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLean Ensemble Theater
EINHdr · item D47-2994571
Principal addressHdr · item CHilton Head, SC
WebsiteHdr · item Jwww.leanensemble.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b11
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 15aYes
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 Di
$65,250Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Blake White$65,250$63,625$62,000$62,000$62,000

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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Mission & Programs · Part III

Where the work happens

1 program service account for $375K of program spending, described in the organization's own filed words · FY2024.
01

Lean ensemble theater is a professional performing arts based company founded in 2015. In the 2024/2025 season the theater produced 5 plays. In addition, the theater provided education and community outreach programs throughout the course of the season, which were provided free of charge.

$375Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$344K · 65%
Program service revenue$166K · 32%
Investment income$12K · 2%
Other revenue$5K · 1%
Contributions & grants65%$344K
Program service revenue32%$166K
Investment income2%$12K
Other revenue1%$5K
— government grantsLn 1e$55K
Total revenueLn 12$527K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.18 Fundraising $0.02
Program services79%$375K
Management & general18%$87K
Fundraising2%$11K
Total functional expensesLn 25$473K

Balance Sheet

Part X · end of year
CashLn 1$127K
Total assetsLn 16$340K
Total liabilitiesLn 26$40K
Total net assetsLn 32$300K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $326K · Operating expenses/yr $473K
8.3 months
Where the money goes
Program services
Program services $375K · Total expenses $473K
79%
Management & General
Management & general $87K · Total expenses $473K
18%
Fundraising
Fundraising $11K · Total expenses $473K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $241K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $344K · Total revenue $527K
65%
Government reliance
Government grants $55K · Total revenue $527K
10%
Earned-income share
Program service revenue $166K · Total revenue $527K
32%
Investment reliance
Investment income $12K · Total revenue $527K
+2%
Program self-sufficiency
Program service revenue $166K · Total expenses $473K
35%
Growth & trend
Revenue growth (YoY)
This year $527K · Prior year $494K
+7%
Revenue CAGR
FY2020 $161K · FY2024 $527K
+35%
Net-asset trend (YoY)
End of year $300K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $527K · Expenses $473K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $340K
Net-asset ratio
Net assets $300K · Total assets $340K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $199K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $340K
59%
People & payroll
Highest Reported Total Compensation
Individual Blake White · Reported title EXECUTIVE DI · Highest reported compensation $65K · Total expenses $473K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $210K · Total expenses $473K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 18%
Fundraising cost ratio 3%
Revenue growth 7%
Accounting fee ratio 1%

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
See all 9 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)$527K revenue · viewing · ⤓ 990 PDF
FY2024$494K revenue · ⤓ 990 PDF
FY2023$454K revenue · ⤓ 990 PDF
FY2022$483K revenue · ⤓ 990 PDF
FY2021$161K 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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