Salt PA FY2022 filing

Tax-deductible

Chester Sprgs, PA501(c)(3)Arts & CultureEIN 81-3277906Revenue $332K in FY2022

On file with the IRSsaltpa.com1645 Art School Rd, 19425-1402 · Chester Sprgs, PATax-exempt since Mar 2017Publicly supported charity — 170(b)(1)(A)(vi)

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To enrich the culture and provide excellent quality community theatre for Chester County, PA.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$55K 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

FY2022 · 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
3 of 5
filings with a surplus
Average surplus $30K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$40K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
+6% vs prior year
Spent
$300K
To programs
88%
Net assets
$71K
By yearFY2020–FY2024
Revenue
$332K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$213K
FY2021$314K
FY2022$332K
FY2023$486K
FY2024$509K
Expenses
$300K
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$233K
FY2021$288K
FY2022$300K
FY2023$361K
FY2024$522K
Net assets
$71K
FY2022▲ +81%
Tap a bar for its year
Net assets by fiscal year
FY2020$13K
FY2021$39K
FY2022$71K
FY2023$196K
FY2024$184K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2017.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $264K Management & general 12% · $36K

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

7 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$25,360Pt VII · Sec A
President/Artistic Director
$20,480Pt VII · Sec A
$8,940Pt VII · Sec A
Treasurer/Finance
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Rob Merow’s $43K as Vice President is at the 38th 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

NameFY2024FY2023FY2022FY2021
Rob Merow$43,333$37,233$25,360$12,400
Lauren McComas$22,187$19,340$20,480$20,040
Bethanie Emery$9,685$7,076$8,940—

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 15aNo

Programs and updates

Enriches culture and provides excellent community theatre for Chester County.

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Provided by the organization

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1 program · $264K · in their own filed words · FY2022
01

Theatrical Productions

We provide approximately 8 shows a year that are well known Musicals or Plays done on Broadway stages.

$264Kprogram 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
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$332K
Ln 12
Fees for servicesLn 2g$340K
Gifts and grantsLn 1h$24K
Investment incomeLn 3$3
Money outPt IX
$300K
Ln 25
Programscol B$264K
Managementcol C$36K
Owns and owesPt X
$71K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$111K
LiabilitiesLn 26$40K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Fundraising eventsLn 1c$24K
Fees for servicesLn 2g$340K
Investment incomeLn 3$3
Total revenueLn 12$332K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
Other assetsLn 15$700
Total assetsLn 16$111K
LiabilitiesLn 26$40K
Net assetsLn 32$71K
OperationsPt I, VI
EmployeesI 55
VolunteersI 620
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$73K$78K
Total assetsLn 16$80K$111K
LiabilitiesLn 26$41K$40K
Net assetsLn 32$39K$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$55K$55K$0$0
Other salaries and wagesLn 7$7K$7K$0$0
Payroll taxesLn 10$8K$8K$0$0
Advertising and promotionLn 12$3K$3K$0$0
Office expensesLn 13$6K$0$6K$0
Information technologyLn 14$6K$0$6K$0
OccupancyLn 16$13K$0$13K$0
InsuranceLn 23$8K$0$8K$0
Other expenses (24a–d)Ln 24$159K$159K$0$0
All other expensesLn 24e$35K$32K$3K$0
Total functional expensesLn 25$300K$264K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $509K$522K−$12K$184K 990 PDF
FY2023 $486K$361K$125K$196K 990 PDF
FY2022 Viewing $332K$300K$32K$71K 990 PDF
FY2021 $314K$288K$26K$39K 990 PDF
FY2020 $213K$233K−$20K$13K 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 FY2022 990 (6 parts)
Part I · Summary $331,900 revenue, 12 lines filed
I-8 Contributions and grants$23,622
I-9 Program service revenuePrior year $313,766$340,369
I-10 Investment income$3
I-11 Other revenue−$32,094
I-12 Total revenuePrior year $313,766$331,900
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $79,728$70,180
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $208,494$229,953
I-18 Total expensesPrior year $288,222$300,133
I-19 Revenue less expensesPrior year $25,544$31,767
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $331,900 across 5 lines filed
Lines not itemized here account for $340,369 of total revenue; see the IRS return.
VIII-1c Fundraising events$23,622
VIII-1h Total contributions, gifts and grants$23,622
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$32,094−$32,094
VIII-12 Total revenueRelated to mission $340,372 · Unrelated business $0 · Excluded from tax −$32,094$331,900
Part IX · Statement of functional expenses $300,133 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,780 · Management $0 · Fundraising $0$54,780
IX-7 Other salaries and wagesPrograms $7,008 · Management $0 · Fundraising $0$7,008
IX-10 Payroll taxesPrograms $8,392 · Management $0 · Fundraising $0$8,392
IX-12 Advertising and promotionPrograms $3,341 · Management $0 · Fundraising $0$3,341
IX-13 Office expensesPrograms $0 · Management $6,472 · Fundraising $0$6,472
IX-14 Information technologyPrograms $0 · Management $5,992 · Fundraising $0$5,992
IX-16 OccupancyPrograms $0 · Management $12,792 · Fundraising $0$12,792
IX-23 InsurancePrograms $0 · Management $7,538 · Fundraising $0$7,538
IX-24 Other expenses (24a–d)Programs $158,948 · Management $0 · Fundraising $0$158,948
IX-24e All other expensesPrograms $31,648 · Management $3,222 · Fundraising $0$34,870
IX-25 Total functional expensesPrograms $264,117 · Management $36,016 · Fundraising $0$300,133
Part X · Balance sheet $110,600 assets, 8 lines filed
Asset lines not itemized here account for $32,400; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $72,729$77,500
X-15 Other assetsStart of year $700$700
X-16 Total assetsStart of year $80,203$110,600
X-24 Unsecured notes and loans payableStart of year $39,810$39,810
X-26 Total liabilitiesStart of year $41,180$39,810
X-27 Net assets without donor restrictionsStart of year $39,023$70,790
X-32 Total net assets or fund balancesStart of year $39,023$70,790
X-33 Total liabilities and net assetsStart of year $80,203$110,600
Part XI · Reconciliation of net assets $70,790 net assets at year end
XI-1 Total revenue$331,900
XI-2 Total expenses$300,133
XI-3 Revenue less expenses$31,767
XI-4 Net assets at start of year$39,023
XI-10 Net assets at end of year$70,790

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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