Theatre Memphis

Tax-deductible

Memphis, TN501(c)(3)Arts & CultureEIN 62-0418732Revenue $2.0M in FY2025

On file with the IRStheatrememphis.org630 Perkins Ext, 38117-4712 · Memphis, TNTax-exempt since Mar 1972Publicly supported — 509(a)(2)

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To produce plays and encourage the arts by performance and educational programs.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Run by 500 volunteers and 38 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $1.4M a year · 45% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 5% of spending
Top officer’s pay lower than 63% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $229K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$343K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-30% vs prior year
Spent
$2.1M
To programs
56%
Net assets
$14.2M
By yearFY2020–FY2025
Revenue
$2.0M
FY2025▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.2M
FY2021$1.6M
FY2022$3.0M
FY2023$2.4M
FY2024$2.8M
FY2025$2.0M
Expenses
$2.1M
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.1M
FY2022$1.9M
FY2023$1.9M
FY2024$2.0M
FY2025$2.1M
Net assets
$14.2M
FY2025▼ -0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.5M
FY2021$12.0M
FY2022$13.1M
FY2023$13.6M
FY2024$14.4M
FY2025$14.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1972.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $1.2M Management & general 43% · $900K Fundraising 1% · $20K

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

40 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Producer
$105,570Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Business Advisor
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Debbie Litch’s $106K as Executive Producer is at the 37th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Debbie Litch$105,570$110,353$147,000$69,374$87,774$103,414

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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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

Produces plays and fosters the arts through performances and education.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2024
01

The theatre produces plays, encourages the arts, writing of plays and uplifting dramas. It also offers and conducts educational programs and courses of instruction in the drama and allied arts field.

$1.2Mprogram 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 9 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$663K
Investment incomeLn 3$118K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.2M
Managementcol C$900K
Fundraisingcol D$20K
Owns and owesPt X
$14.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$14.6M
LiabilitiesLn 26$343K
PeoplePt VI, VII
40
listed · VII A
PaidVII A1
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$663K
Government grantsLn 1e$117K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$118K
Other incomeLn 4–11$37K
Gains on assetsLn 7−$449
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$11.2M
Other assetsLn 15$48K
Total assetsLn 16$14.6M
LiabilitiesLn 26$343K
Net assetsLn 32$14.2M
OperationsPt I, VI
EmployeesI 538
VolunteersI 6500
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 FY25End FY25
Cash and savingsLn 1–2$2.8M$2.0M
InvestmentsLn 11–13$500K$1.2M
Land, buildings, equipmentLn 10c$11.2M$11.2M
Total assetsLn 16$14.7M$14.6M
LiabilitiesLn 26$334K$343K
Net assetsLn 32$14.4M$14.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$85K$34K$51K
Other salaries and wagesLn 7$728K$511K$209K$8K
Other employee benefitsLn 9$93K$64K$29K$91
Payroll taxesLn 10$58K$38K$19K$556
Accounting feesLn 11c$24K$24K
Advertising and promotionLn 12$88K$87K$65$1K
Office expensesLn 13$5K$235$815$4K
Information technologyLn 14$19K$522$19K
RoyaltiesLn 15$80K$80K
OccupancyLn 16$183K$51K$132K
Depreciation, depletion and amortizationLn 22$243K$54K$190K
InsuranceLn 23$52K$1K$51K
Other expenses (24a–d)Ln 24$292K$177K$115K
All other expensesLn 24e$122K$57K$59K$6K
Total functional expensesLn 25$2.1M$1.2M$900K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.1M−$120K$14.2M 990 PDF
FY2024 $2.8M$2.0M$767K$14.4M 990 PDF
FY2023 $2.4M$1.9M$525K$13.6M 990 PDF
FY2022 $3.0M$1.9M$1.1M$13.1M 990 PDF
FY2021 $1.6M$1.1M$516K$12.0M 990 PDF
FY2020 $7.2M$1.3M$5.8M$11.5M 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 FY2025 990 (6 parts)
Part I · Summary $1,952,860 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,525,632$662,823
I-9 Program service revenuePrior year $1,114,445$1,134,726
I-10 Investment incomePrior year $124,830$118,366
I-11 Other revenuePrior year $35,705$36,945
I-12 Total revenuePrior year $2,800,612$1,952,860
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $946,661$963,708
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,086,477$1,108,953
I-18 Total expensesPrior year $2,033,138$2,072,661
I-19 Revenue less expensesPrior year $767,474−$119,801
Part VI · Governance 38 of 38 board members independent, no flags
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
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 $1,952,860 across 8 lines filed
Lines not itemized here account for $500 of total revenue; see the IRS return.
VIII-1e Government grants$116,790
VIII-1f All other contributions, gifts and grants$546,033
VIII-1h Total contributions, gifts and grants$662,823
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,134,226$1,134,226
VIII-3 Investment incomeExcluded from tax $118,815$118,815
VIII-7 Net gain or loss on sales of assetsRelated to mission −$449−$449
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $36,945$36,945
VIII-12 Total revenueRelated to mission $1,134,277 · Unrelated business $36,945 · Excluded from tax $118,815$1,952,860
Part IX · Statement of functional expenses $2,072,661 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $34,000 · Management $51,000$85,000
IX-7 Other salaries and wagesPrograms $511,122 · Management $209,164 · Fundraising $7,631$727,917
IX-9 Other employee benefitsPrograms $63,539 · Management $29,243 · Fundraising $91$92,873
IX-10 Payroll taxesPrograms $38,349 · Management $19,013 · Fundraising $556$57,918
IX-11c Accounting feesManagement $24,000$24,000
IX-12 Advertising and promotionPrograms $86,570 · Management $65 · Fundraising $1,155$87,790
IX-13 Office expensesPrograms $235 · Management $815 · Fundraising $4,396$5,446
IX-14 Information technologyPrograms $522 · Management $18,755$19,277
IX-15 RoyaltiesPrograms $80,290$80,290
IX-16 OccupancyPrograms $50,958 · Management $132,412$183,370
IX-22 Depreciation, depletion and amortizationPrograms $53,500 · Management $189,685$243,185
IX-23 InsurancePrograms $1,068 · Management $50,827$51,895
IX-24 Other expenses (24a–d)Programs $176,514 · Management $115,256$291,770
IX-24e All other expensesPrograms $56,935 · Management $59,297 · Fundraising $5,698$121,930
IX-25 Total functional expensesPrograms $1,153,602 · Management $899,532 · Fundraising $19,527$2,072,661
Part X · Balance sheet $14,583,614 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,843,297$2,039,286
X-4 Accounts receivableStart of year $11,102$949
X-9 Prepaid expenses and deferred chargesStart of year $64,303$65,059
X-10c Land, buildings and equipment, netStart of year $11,224,975$11,230,602
X-12 Other securitiesStart of year $500,000$1,200,000
X-15 Other assetsStart of year $50,646$47,718
X-16 Total assetsStart of year $14,694,323$14,583,614
X-17 Accounts payable and accrued expensesStart of year $64,366$87,543
X-19 Deferred revenueStart of year $219,206$207,974
X-25 Other liabilitiesStart of year $50,646$47,793
X-26 Total liabilitiesStart of year $334,218$343,310
X-27 Net assets without donor restrictionsStart of year $14,101,226$13,981,868
X-28 Net assets with donor restrictionsStart of year $258,879$258,436
X-32 Total net assets or fund balancesStart of year $14,360,105$14,240,304
X-33 Total liabilities and net assetsStart of year $14,694,323$14,583,614
Part XI · Reconciliation of net assets $14,240,304 net assets at year end
XI-1 Total revenue$1,952,860
XI-2 Total expenses$2,072,661
XI-3 Revenue less expenses−$119,801
XI-4 Net assets at start of year$14,360,105
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,240,304

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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