Washington Improvisational Theater Co FY2024 filing

Tax-deductible

Washington, DC501(c)(3)EIN 52-1543346Revenue $1.0M in FY2024

On file with the IRSwitdc.org762 Fairmont St Nw, 20001-3814 · Washington, DCTax-exempt since May 1988Publicly supported — 509(a)(2)

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To stimulate interest in Improvisational Theater by providing affordable and accessible Improvisational performances and instruction; to provide collaborative opportunities to artists, instructors and Theater professionals; to encourage the development of Improvisational Theater audiences; to form and maintain performing player ensemble(s) to give public and private performances.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$74K 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

FY2024 · 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
3 of 6
filings with a surplus
Average surplus $89K a year · 9% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
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
12 mo
of spending, in cash
Looks good: 11.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $32K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$161K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 22 voting members
Looks good: 20 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+10% vs prior year
Spent
$1.2M
To programs
77%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$1.0M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$939K
FY2021$877K
FY2022$1.2M
FY2023$922K
FY2024$1.0M
FY2025$1.1M
Expenses
$1.2M
FY2024▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$905K
FY2021$639K
FY2022$721K
FY2023$943K
FY2024$1.2M
FY2025$1.1M
Net assets
$1.1M
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$567K
FY2021$795K
FY2022$1.3M
FY2023$1.2M
FY2024$1.1M
FY2025$1.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 May 1988.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $904K Management & general 15% · $172K Fundraising 9% · $101K

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

23 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Artistic & Executive Director
$74,457Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mark Chalfant$102,656$74,457$75,809$54,142$54,142$77,138
Clyde Thompson$3,512—————
Macey Schiff$1,785—————

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 Washington Improvisational Theater Co executive salaries →

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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

Offers affordable improv shows and classes, fostering artist collaboration and audience growth.

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Provided by the organization

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3 programs · $904K · in their own filed words · FY2023
01

Engaged over 10,917+ audience members with a wide range of over 227 improvised comedy theater performances.

$411Kprogram expense
02

Shared the creative, collaborative craft of improvisation with 1,132 enrolled students and 587 free workshop attendees.

$357Kprogram expense
03

Engaged 1,376 participants in applied improv workshops for workplace and organizational clients in 56 engagements.

$136Kprogram 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
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$602K
Gifts and grantsLn 1h$379K
Investment incomeLn 3$31K
Money outPt IX
$1.2M
Ln 25
Programscol B$904K
Managementcol C$172K
Fundraisingcol D$101K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$161K
PeoplePt VI, VII
23
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$379K
Government grantsLn 1e$250K
Noncash giftsLn 1g$14K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$602K
Investment incomeLn 3$31K
Other incomeLn 4–11$5K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$182K
SavingsLn 2$987K
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$161K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 58
VolunteersI 6105
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$1.2M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$87K$161K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$63K$17K$17K
Other salaries and wagesLn 7$361K$287K$28K$47K
Pension plan contributionsLn 8$5K$4K$574$816
Other employee benefitsLn 9$56K$42K$6K$9K
Payroll taxesLn 10$35K$26K$4K$5K
Accounting feesLn 11c$64K$0$64K$0
Other fees for servicesLn 11g$242K$236K$2K$3K
Advertising and promotionLn 12$10K$8K$738$1K
Office expensesLn 13$41K$2K$39K$26
Information technologyLn 14$14K$10K$1K$2K
OccupancyLn 16$228K$207K$8K$12K
TravelLn 17$4K$3K$335$772
Conferences, conventions and meetingsLn 19$5K$5K$228$324
InsuranceLn 23$5K$3K$482$862
Other expenses (24a–d)Ln 24$7K$4K$244$2K
All other expensesLn 24e$5K$5K$0$0
Total functional expensesLn 25$1.2M$904K$172K$101K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.1M−$19K$1.1M 990 PDF
FY2024 Viewing $1.0M$1.2M−$161K$1.1M 990 PDF
FY2023 $922K$943K−$22K$1.2M 990 PDF
FY2022 $1.2M$721K$465K$1.3M 990 PDF
FY2021 $877K$639K$239K$795K 990 PDF
FY2020 $939K$905K$34K$567K 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 FY2024 990 (6 parts)
Part I · Summary $1,016,163 revenue, 12 lines filed
I-8 Contributions and grants$378,615
I-9 Program service revenue$601,882
I-10 Investment income$30,802
I-11 Other revenue$4,864
I-12 Total revenue$1,016,163
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$553,719
I-16a Professional fundraising fees$0
I-17 Other expenses$623,359
I-18 Total expenses$1,177,078
I-19 Revenue less expenses−$160,915
Part VI · Governance 20 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,016,163 across 9 lines filed
VIII-1c Fundraising events$5,035
VIII-1e Government grants$249,776
VIII-1f All other contributions, gifts and grants$128,839
VIII-1g Noncash contributions (included above)$13,842
VIII-1h Total contributions, gifts and grants$378,615
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$601,882
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $30,802$30,802
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $4,864$4,864
VIII-12 Total revenueRelated to mission $601,882 · Unrelated business $0 · Excluded from tax $35,666$1,016,163
Part IX · Statement of functional expenses $1,177,078 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,586 · Management $16,894 · Fundraising $16,894$96,374
IX-7 Other salaries and wagesPrograms $286,540 · Management $27,701 · Fundraising $46,579$360,820
IX-8 Pension plan contributionsPrograms $3,884 · Management $574 · Fundraising $816$5,274
IX-9 Other employee benefitsPrograms $41,524 · Management $5,901 · Fundraising $8,727$56,152
IX-10 Payroll taxesPrograms $25,849 · Management $3,817 · Fundraising $5,433$35,099
IX-11c Accounting feesPrograms $0 · Management $63,926 · Fundraising $0$63,926
IX-11g Other fees for servicesPrograms $235,753 · Management $2,401 · Fundraising $3,417$241,571
IX-12 Advertising and promotionPrograms $8,446 · Management $738 · Fundraising $1,051$10,235
IX-13 Office expensesPrograms $1,696 · Management $39,223 · Fundraising $26$40,945
IX-14 Information technologyPrograms $10,383 · Management $1,297 · Fundraising $1,846$13,526
IX-16 OccupancyPrograms $207,294 · Management $8,446 · Fundraising $12,021$227,761
IX-17 TravelPrograms $2,540 · Management $335 · Fundraising $772$3,647
IX-19 Conferences, conventions and meetingsPrograms $4,906 · Management $228 · Fundraising $324$5,458
IX-23 InsurancePrograms $3,261 · Management $482 · Fundraising $862$4,605
IX-24 Other expenses (24a–d)Programs $4,326 · Management $244 · Fundraising $1,932$6,502
IX-24e All other expensesPrograms $5,183 · Management $0 · Fundraising $0$5,183
IX-25 Total functional expensesPrograms $904,171 · Management $172,207 · Fundraising $100,700$1,177,078
Part X · Balance sheet $1,230,206 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $280,945$182,296
X-2 Savings and temporary cash investmentsStart of year $954,889$986,550
X-3 Pledges and grants receivableStart of year $67,513$34,113
X-8 Inventories for sale or use$8,807
X-9 Prepaid expenses and deferred chargesStart of year $13,887$18,440
X-10c Land, buildings and equipment, net$0
X-16 Total assetsStart of year $1,317,234$1,230,206
X-17 Accounts payable and accrued expensesStart of year $26,291$55,560
X-19 Deferred revenueStart of year $60,435$105,053
X-26 Total liabilitiesStart of year $86,726$160,613
X-27 Net assets without donor restrictionsStart of year $1,003,156$842,241
X-28 Net assets with donor restrictionsStart of year $227,352$227,352
X-32 Total net assets or fund balancesStart of year $1,230,508$1,069,593
X-33 Total liabilities and net assetsStart of year $1,317,234$1,230,206
Part XI · Reconciliation of net assets $1,069,593 net assets at year end
XI-1 Total revenue$1,016,163
XI-2 Total expenses$1,177,078
XI-3 Revenue less expenses−$160,915
XI-4 Net assets at start of year$1,230,508
XI-10 Net assets at end of year$1,069,593

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

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