Triad Stage INC

Tax-deductible

Greensboro, NC501(c)(3)Arts & CultureEIN 62-1743981

A professional theatre company dedicated to strengthening the community through the arts.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 16 volunteers and 54 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $255K a year · 23% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$17K
to officers and key staff · 1% of spending
Top officer’s pay lower than 87% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $9K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$948K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$718K
-27% vs prior year
Spent
$1.3M
To programs
62%
Net assets
$978K
By yearFY2020–FY2023
Revenue
$718K
FY2023▼ -27%
Revenue by fiscal year
FY2020$1.8M
FY2021$885K
FY2022$990K
FY2023$718K
Expenses
$1.3M
FY2023▲ +77%
Expenses by fiscal year
FY2020$2.4M
FY2021$954K
FY2022$730K
FY2023$1.3M
Net assets
$978K
FY2023▼ -37%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.5M
FY2023$978K

From the FY2023 Form 990 (year ending June 2023) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 1998.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $796K Management & general 35% · $455K Fundraising 3% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990; $17K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$17,423Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathleen Holland’s $17K as Executive Director is at the 13th percentile of top reported officer pay among 2216 $100K–1M 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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Preston Lane——$115,874$109,607
Kathleen O'Kelly—$65,264——
Kathleen Holland$17,423———

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 Triad Stage INC 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

Strengthens the community by producing professional theatre and engaging people through the arts.

Provided by the organization

This section is blank until Triad Stage INC claims this page.

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1 program service account for $796K of program spending, described in the organization's own filed words · FY2022.
01

Triad stage, inc. Is a professional theatre company dedicated to strengthening the community and delighting audiences by providing a place where people from all economic, social, and ethnic backgrounds can come together to share a common experience through the arts. On june 20, 2023, triad stage announced that it was ceasing operations.

$796Kprogram expense

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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 · FY2023
Total grants receivedfrom 3 funders$9K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$718K
Ln 12
Gifts and grantsLn 1h$375K
Fees for servicesLn 2g$236K
Other incomeLn 4–11$97K
Money outPt IX
$1.3M
Ln 25
Programscol B$796K
Managementcol C$455K
Fundraisingcol D$39K
Owns and owesPt X
$978K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$1.9M
LiabilitiesLn 26$948K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$375K
Government grantsLn 1e$108K
Fees for servicesLn 2g$236K
Investment incomeLn 3$11K
Other incomeLn 4–11$97K
Gains on assetsLn 7$10K
Total revenueLn 12$718K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$0
Total assetsLn 16$1.9M
LiabilitiesLn 26$948K
Net assetsLn 32$978K
OperationsPt I, VI
EmployeesI 554
VolunteersI 616
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$698K$23K
Land, buildings, equipmentLn 10c$1.8M$1.9M
Total assetsLn 16$2.6M$1.9M
LiabilitiesLn 26$1.0M$948K
Net assetsLn 32$1.5M$978K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$17K$17K
Other salaries and wagesLn 7$333K$200K$132K
Pension plan contributionsLn 8$21K$21K
Other employee benefitsLn 9$10K$5K$5K
Payroll taxesLn 10$38K$19K$19K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$30K$30K
Professional fundraising feesLn 11e$30K$30K
Investment management feesLn 11f$665$665
Other fees for servicesLn 11g$160K$158K$3K
Advertising and promotionLn 12$56K$56K
Office expensesLn 13$91K$19K$69K$3K
Information technologyLn 14$37K$37K
RoyaltiesLn 15$18K$18K
OccupancyLn 16$113K$40K$73K
TravelLn 17$12K$12K
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$27K$27K
Depreciation, depletion and amortizationLn 22$113K$100K$13K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$154K$148K$6K
All other expensesLn 24e$53$53
Total functional expensesLn 25$1.3M$796K$455K$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $718K$1.3M−$571K$978K 990 PDF
FY2022 $990K$730K$260K$1.5M 990 PDF
FY2021 $885K$954K−$69K$1.3M 990 PDF
FY2020 $1.8M$2.4M−$640K$1.3M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $718,180 across 9 lines filed
Lines not itemized here account for $8,955 of total revenue; see the IRS return.
VIII-1e Government grants$108,275
VIII-1f All other contributions, gifts and grants$266,354
VIII-1h Total contributions, gifts and grants$374,629
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $235,965$235,965
VIII-3 Investment incomeExcluded from tax $1,229$1,229
VIII-6 Net rental income or lossRelated to mission $22,197$22,197
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,602$9,602
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $65,603$65,603
VIII-12 Total revenueRelated to mission $323,765 · Unrelated business $0 · Excluded from tax $19,786$718,180
Part IX · Statement of functional expenses $1,289,316 across 22 lines filed
IX-5 Pay of current officers, directors and key staffManagement $17,423$17,423
IX-7 Other salaries and wagesPrograms $200,310 · Management $132,471$332,781
IX-8 Pension plan contributionsPrograms $20,892$20,892
IX-9 Other employee benefitsPrograms $4,805 · Management $4,705$9,510
IX-10 Payroll taxesPrograms $19,172 · Management $18,665$37,837
IX-11b Legal feesManagement $3,225$3,225
IX-11c Accounting feesManagement $30,495$30,495
IX-11e Professional fundraising feesFundraising $29,915$29,915
IX-11f Investment management feesManagement $665$665
IX-11g Other fees for servicesPrograms $157,790 · Management $2,619$160,409
IX-12 Advertising and promotionPrograms $56,069$56,069
IX-13 Office expensesPrograms $19,312 · Management $69,487 · Fundraising $2,581$91,380
IX-14 Information technologyManagement $36,908$36,908
IX-15 RoyaltiesPrograms $18,149$18,149
IX-16 OccupancyPrograms $39,792 · Management $73,076$112,868
IX-17 TravelPrograms $11,559$11,559
IX-19 Conferences, conventions and meetingsManagement $1,168$1,168
IX-20 InterestManagement $27,251$27,251
IX-22 Depreciation, depletion and amortizationPrograms $100,202 · Management $13,285$113,487
IX-23 InsuranceManagement $23,010$23,010
IX-24 Other expenses (24a–d)Programs $148,111 · Fundraising $6,151$154,262
IX-24e All other expensesManagement $53$53
IX-25 Total functional expensesPrograms $796,163 · Management $454,506 · Fundraising $38,647$1,289,316
Part X · Balance sheet $1,925,590 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $698,483$22,856
X-4 Accounts receivableStart of year $34,793$19,128
X-9 Prepaid expenses and deferred chargesStart of year $28,793$24,254
X-10c Land, buildings and equipment, netStart of year $1,778,203$1,859,352
X-15 Other assetsStart of year $40,184$0
X-16 Total assetsStart of year $2,580,456$1,925,590
X-17 Accounts payable and accrued expensesStart of year $43,470$161,213
X-19 Deferred revenueStart of year $402,765$232,060
X-25 Other liabilitiesStart of year $26,044$15,873
X-26 Total liabilitiesStart of year $1,033,990$947,909
X-27 Net assets without donor restrictionsStart of year $1,403,459$834,674
X-28 Net assets with donor restrictionsStart of year $143,007$143,007
X-32 Total net assets or fund balancesStart of year $1,546,466$977,681
X-33 Total liabilities and net assetsStart of year $2,580,456$1,925,590
Part XI · Reconciliation of net assets $977,681 net assets at year end
XI-1 Total revenue$718,180
XI-2 Total expenses$1,289,316
XI-3 Revenue less expenses−$571,136
XI-4 Net assets at start of year$1,546,466
XI-5 Net unrealized gains (losses) on investments$2,351
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$977,681

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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