Circle Theatre INC

Tax-deductible

Fort Worth, TX501(c)(3)EIN 75-1777222Revenue $707K in FY2024

On file with the IRScircletheatre.com230 W 4th St, 76102-3927 · Fort Worth, TXTax-exempt since Jun 1982Publicly supported — 509(a)(2)

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Theatrical arts organization

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$85K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $16K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $48K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$69K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$707K
+2% vs prior year
Spent
$849K
To programs
78%
Net assets
$559K
By yearFY2020–FY2024
Revenue
$707K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$507K
FY2021$773K
FY2022$689K
FY2023$694K
FY2024$707K
Expenses
$849K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$493K
FY2021$439K
FY2022$722K
FY2023$785K
FY2024$849K
Net assets
$559K
FY2024▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$463K
FY2021$816K
FY2022$756K
FY2023$684K
FY2024$559K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1982.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $666K Management & general 19% · $163K Fundraising 2% · $19K

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

16 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$85,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Tim Long$85,250$84,310$76,476$71,000$72,346

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

Circle Theatre INC is a nonprofit based in Fort Worth, TX.

Questions for Circle Theatre INC

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Provided by the organization

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2 programs · $666K · in their own filed words · FY2024
01

Various theatrical PRODUCTIONS/PERFORMANCES serving over 10,000 patrons.

$666Kprogram expense
02

Administration of the local aea actors umbrella which allows non-aea theatres to use aea actors.

Pt IX · col B

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
Total grants receivedfrom 2 funders$48K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$707K
Ln 12
Gifts and grantsLn 1h$426K
Fees for servicesLn 2g$281K
Investment incomeLn 3$15
Money outPt IX
$849K
Ln 25
Programscol B$666K
Managementcol C$163K
Fundraisingcol D$19K
Owns and owesPt X
$559K
net assets · Ln 32
Cash and savingsLn 1–2$443K
Total assetsLn 16$628K
LiabilitiesLn 26$69K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$426K
Government grantsLn 1e$5K
Fees for servicesLn 2g$281K
Investment incomeLn 3$15
Total revenueLn 12$707K
Assets in detailPt X, end of year
CashLn 1$338K
SavingsLn 2$105K
Cash and savings togetherLn 1–2$443K
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$165K
Total assetsLn 16$628K
LiabilitiesLn 26$69K
Net assetsLn 32$559K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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$597K$443K
Land, buildings, equipmentLn 10c$0$10K
Total assetsLn 16$770K$628K
LiabilitiesLn 26$86K$69K
Net assetsLn 32$684K$559K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$85K$43K$43K
Other salaries and wagesLn 7$330K$286K$26K$18K
Other employee benefitsLn 9$68K$68K
Payroll taxesLn 10$34K$27K$6K$1K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$114K$62K$52K
Advertising and promotionLn 12$7K$7K
OccupancyLn 16$32K$25K$7K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$7K$5K$2K
Other expenses (24a–d)Ln 24$116K$109K$7K
All other expensesLn 24e$48K$32K$16K$73
Total functional expensesLn 25$849K$666K$163K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $707K$849K−$142K$559K 990 PDF
FY2023 $694K$785K−$91K$684K 990 PDF
FY2022 $689K$722K−$33K$756K 990 PDF
FY2021 $773K$439K$333K$816K 990 PDF
FY2020 $507K$493K$15K$463K 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 $706,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $413,608$425,592
I-9 Program service revenuePrior year $280,044$281,387
I-10 Investment incomePrior year $51$15
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $693,703$706,994
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 $487,634$517,445
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $297,551$331,142
I-18 Total expensesPrior year $785,185$848,587
I-19 Revenue less expensesPrior year −$91,482−$141,593
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $706,994 across 6 lines filed
VIII-1e Government grants$4,565
VIII-1f All other contributions, gifts and grants$421,027
VIII-1h Total contributions, gifts and grants$425,592
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $281,387$281,387
VIII-3 Investment incomeExcluded from tax $15$15
VIII-12 Total revenueRelated to mission $281,387 · Unrelated business $0 · Excluded from tax $15$706,994
Part IX · Statement of functional expenses $848,587 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $42,625 · Management $42,625$85,250
IX-7 Other salaries and wagesPrograms $286,409 · Management $26,000 · Fundraising $17,696$330,105
IX-9 Other employee benefitsPrograms $68,161$68,161
IX-10 Payroll taxesPrograms $26,877 · Management $5,606 · Fundraising $1,446$33,929
IX-11c Accounting feesManagement $5,000$5,000
IX-11g Other fees for servicesPrograms $61,917 · Management $51,808$113,725
IX-12 Advertising and promotionPrograms $6,657$6,657
IX-16 OccupancyPrograms $25,003 · Management $7,468$32,471
IX-22 Depreciation, depletion and amortizationPrograms $2,149$2,149
IX-23 InsurancePrograms $5,077 · Management $1,516$6,593
IX-24 Other expenses (24a–d)Programs $109,222 · Management $7,131$116,353
IX-24e All other expensesPrograms $31,969 · Management $16,152 · Fundraising $73$48,194
IX-25 Total functional expensesPrograms $666,066 · Management $163,306 · Fundraising $19,215$848,587
Part X · Balance sheet $627,503 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $491,661$338,386
X-2 Savings and temporary cash investmentsStart of year $104,973$104,987
X-9 Prepaid expenses and deferred chargesStart of year $8,655$9,431
X-10c Land, buildings and equipment, netStart of year $0$9,767
X-15 Other assetsStart of year $159,001$164,932
X-16 Total assetsStart of year $769,595$627,503
X-17 Accounts payable and accrued expensesStart of year $7,116$11,887
X-19 Deferred revenueStart of year $78,912$57,105
X-26 Total liabilitiesStart of year $86,028$68,992
X-27 Net assets without donor restrictionsStart of year $519,867$388,880
X-28 Net assets with donor restrictionsStart of year $163,700$169,631
X-32 Total net assets or fund balancesStart of year $683,567$558,511
X-33 Total liabilities and net assetsStart of year $769,595$627,503
Part XI · Reconciliation of net assets $558,511 net assets at year end
XI-1 Total revenue$706,994
XI-2 Total expenses$848,587
XI-3 Revenue less expenses−$141,593
XI-4 Net assets at start of year$683,567
XI-5 Net unrealized gains (losses) on investments$16,537
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$558,511

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

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