Tuscaloosa Children's Theatre INC EIN 58-2017201

Tuscaloosa Children's Theatre INC

EIN  58-2017201 Public charity (501(c)(3)) Tuscaloosa, AL Founded 1987
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Introduces children to the art of theatre.
Leadership
Julie Salter · President
Money in and out
$560K revenue, $427K expenses
Bottom line
56% program efficiency

Introduces children to the art of theatre. For fiscal year 2024 it reported $560K in revenue, $427K in expenses, and $531K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$560K
Pt VIII · Ln 12
Total expenses
$427K
Pt IX · Ln 25
Net assets
$531K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $133K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.42 Fundraising $0.02
Program efficiency
56%
of spending reaches programs▲ +92% vs prior filing year
Operating runway
15.1mo
months of highly liquid reserves at operating expense rate▲ +40% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +410% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$560K
FY2024▲ +20%
Expenses
$427K
FY2024▼ -4%
Total assets
$541K
FY2024▲ +31%
Total liabilities
$10K
FY2024▼ -50%
Total revenue
$560K
Pt VIII · Ln 12
Total expenses
$427K
Pt IX · Ln 25
Net assets
$531K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$133K
Total assetsPt X · Ln 16$541K
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

1 program service account for $239K of program spending, described in the organization's own filed words · FY2024.
01

Child actors from the community are recruited and trained to perform shows and plays for school children and the public. At least 150 child actors perform more than 30 school shows. Theatre camp is held each spring and each summer.

$239Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTuscaloosa Children's Theatre INC
EINHdr · item D58-2017201
Principal addressHdr · item CTuscaloosa, AL
Year of formationHdr · item L1987
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A650)
Ruling yearIRS BMFMar 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
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
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Tuscaloosa Children's Theatre INC executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$333K · 60%
Contributions & grants$214K · 38%
Investment income$12K · 2%
Program service revenue60%$333K
Contributions & grants38%$214K
Investment income2%$12K
— government grantsLn 1e$53K
Total revenueLn 12$560K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.42 Fundraising $0.02
Program services56%$239K
Management & general42%$180K
Fundraising2%$8K
Total functional expensesLn 25$427K

Balance Sheet

Part X · end of year
CashLn 1$537K
Total assetsLn 16$541K
Total liabilitiesLn 26$10K
Total net assetsLn 32$531K
Months of cash on handcomputed15.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $537K · Operating expenses/yr $427K
15.1 months
Where the money goes
Program services
Program services $239K · Total expenses $427K
56%
Management & General
Management & general $180K · Total expenses $427K
42%
Fundraising
Fundraising $8K · Total expenses $427K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $116K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $214K · Total revenue $560K
38%
Government reliance
Government grants $53K · Total revenue $560K
9%
Earned-income share
Program service revenue $333K · Total revenue $560K
60%
Investment reliance
Investment income $12K · Total revenue $560K
+2%
Program self-sufficiency
Program service revenue $333K · Total expenses $427K
78%
Growth & trend
Revenue growth (YoY)
This year $560K · Prior year $468K
+20%
Revenue CAGR
FY2020 $121K · FY2024 $560K
+47%
Net-asset trend (YoY)
End of year $531K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $560K · Expenses $427K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $541K
Net-asset ratio
Net assets $531K · Total assets $541K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $541K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Julie Salter · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $427K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $135K · Total expenses $427K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 42%
Fundraising cost ratio 4%
Revenue growth 20%

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 4 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
FY2024$468K revenue · ⤓ 990 PDF
FY2023$336K revenue · ⤓ 990 PDF
FY2022$217K revenue · ⤓ 990 PDF
FY2021$121K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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