Old Courthouse Theatre INC EIN 58-1340004

Old Courthouse Theatre INC

EIN  58-1340004 Public charity (501(c)(3)) Concord, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
John Harris · President
Money in and out
$297K revenue, $182K expenses
Bottom line
40% program efficiency

Old Courthouse Theatre INC is an arts and culture nonprofit based in Concord, NC. For fiscal year 2025 it reported $297K in revenue, $182K in expenses, and $506K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$297K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$506K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $114K
Where spending went · Part IX cols B–D
Program services $0.40 Management & general $0.60 Fundraising $0.00
Program efficiency
40%
of spending reaches programs▼ -60% vs prior filing year
Operating runway
9.2mo
months of highly liquid reserves at operating expense rate▼ -45% vs prior filing year
Surplus margin
+39%
revenue over expenses, this year▼ -31% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$297K
FY2025▼ -8%
Expenses
$182K
FY2025▲ +29%
Total assets
$581K
FY2025▲ +23%
Total liabilities
$75K
FY2025▼ -3%
Total revenue
$297K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$506K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$114K
Total assetsPt X · Ln 16$581K
Program-expense ratioPt IX · col B40%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $72K of program spending, described in the organization's own filed words · FY2024.
01

In its 49TH season, oct produced 5 main stage shows, 3 shows in its renovated black box theatre and 2 youth productions. We held a successful technical workshop for our region. Oct made several facility improvements.

$72Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COld Courthouse Theatre INC
EINHdr · item D58-1340004
Principal addressHdr · item CConcord, NC
WebsiteHdr · item Joctconcord.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A650)
Ruling yearIRS BMFJan 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
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
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$140K · 47%
Program service revenue$140K · 47%
Other revenue$16K · 5%
Contributions & grants47%$140K
Program service revenue47%$140K
Other revenue5%$16K
Investment income$923
— government grantsLn 1e$13K
Total revenueLn 12$297K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.40 Management & general $0.60 Fundraising $0.00
Program services40%$72K
Management & general60%$110K
Fundraising$125
Total functional expensesLn 25$182K

Balance Sheet

Part X · end of year
CashLn 1$139K
Total assetsLn 16$581K
Total liabilitiesLn 26$75K
Total net assetsLn 32$506K
Months of cash on handcomputed9.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $139K · Operating expenses/yr $182K
9.2 months
Where the money goes
Program services
Program services $72K · Total expenses $182K
40%
Management & General
Management & general $110K · Total expenses $182K
60%
Fundraising
Fundraising $125 · Total expenses $182K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $62 · Solicited contributions (2-yr avg) $166K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $297K
47%
Government reliance
Government grants $13K · Total revenue $297K
4%
Earned-income share
Program service revenue $140K · Total revenue $297K
47%
Investment reliance
Investment income $923 · Total revenue $297K
0%
Program self-sufficiency
Program service revenue $140K · Total expenses $182K
77%
Growth & trend
Revenue growth (YoY)
This year $297K · Prior year $321K
-8%
Revenue CAGR
FY2019 $75K · FY2024 $297K
+32%
Net-asset trend (YoY)
End of year $506K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $297K · Expenses $182K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $581K
Net-asset ratio
Net assets $506K · Total assets $581K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $581K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Harris · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $182K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $182K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 40%
Overhead ratio 60%
Fundraising cost ratio 0%
Revenue growth -8%
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
Total grants receivedfrom 3 funders$105K
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)$297K revenue · viewing · ⤓ 990 PDF
FY2024$321K revenue · ⤓ 990 PDF
FY2023$164K revenue · ⤓ 990 PDF
FY2022$115K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$75K 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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