To be the "off-off-broadway" of carmel, indiana, giving the artists of carmel a local, welcoming place to entertain.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 92 volunteers and 3 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
2 of 3
filings with a surplus
Average surplus $22K a year · 9% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$272K
+18% vs prior year
Spent
$243K
To programs
68%
Net assets
$96K
By yearFY2020–FY2025
Revenue
$272K
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$143K
FY2021$175K
FY2022$181K
FY2023$257K
FY2024$230K
FY2025$272K
Expenses
$243K
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$214K
FY2024$235K
FY2025$243K
Net assets
$96K
FY2025▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$18K
FY2021$25K
FY2022−$4K
FY2023$72K
FY2024$67K
FY2025$96K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2019.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $165K Management & general 32% · $77K Fundraising 0% · $199

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
President / Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Audrey Larkin’s $45K as Production Manager is at the 39th 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 · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Audrey Larkin$45,000$38,767$31,900$30,004

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 The Cat Ltd 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides a local stage for Carmel artists to entertain the community.

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Provided by the organization

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3 programs · $165K · in their own filed words · FY2025
01

The carmel apprentice theatre (cat) is a no-audition, no-cost program for people new to theater and theater veterans to perform side-by-side in roles of a lifetime. The cat runs two productions a year.

$94Kprogram expense
02

In 2025 the cat continued our tuition-based youth program. The spring production featured 30 students in 6 performances that all sold at least 90% of seats. The fall production had four sold-out performances featuring 25 students. The cat will continue to grow this program with skill-based classes.

$41Kprogram expense
03

During 2025, the cat provided a home for 12 different artistic companies to produce their seasons. On average there has been between 102 and 124 affordable performances on the cat's stage each year. Members of the community can visit almost every weekend and see something different.

$31Kprogram 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$2K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$272K
Ln 12
Gifts and grantsLn 1h$148K
Fees for servicesLn 2g$106K
Other incomeLn 4–11$18K
Money outPt IX
$243K
Ln 25
Programscol B$165K
Managementcol C$77K
Fundraisingcol D$199
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$98K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$148K
Government grantsLn 1e$89K
Fees for servicesLn 2g$106K
Other incomeLn 4–11$18K
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$29K
Total assetsLn 16$98K
LiabilitiesLn 26$2K
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 53
VolunteersI 692
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$31K$69K
Land, buildings, equipmentLn 10c$39K$29K
Total assetsLn 16$70K$98K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$67K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$62K$29K$33K
Payroll taxesLn 10$9K$3K$5K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$267$267
Advertising and promotionLn 12$3K$1K$1K
Office expensesLn 13$7K$7K
Information technologyLn 14$253$253
OccupancyLn 16$106K$92K$14K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$20$10$10
Other expenses (24a–d)Ln 24$43K$32K$11K
All other expensesLn 24e$621$422$199
Total functional expensesLn 25$243K$165K$77K$199

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $272K$243K$29K$96K 990 PDF
FY2024 $230K$235K−$5K$67K 990 PDF
FY2023 $257K$214K$42K$72K 990 PDF
FY2022 $181K−$4K 990 PDF
FY2021 $175K$25K 990 PDF
FY2020 $143K$18K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $272,128 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $136,933$147,568
I-9 Program service revenuePrior year $79,690$106,381
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $13,733$18,179
I-12 Total revenuePrior year $230,356$272,128
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 $59,232$70,431
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $175,929$172,585
I-18 Total expensesPrior year $235,161$243,016
I-19 Revenue less expensesPrior year −$4,805$29,112
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $272,128 across 6 lines filed
Lines not itemized here account for $511 of total revenue; see the IRS return.
VIII-1e Government grants$89,380
VIII-1f All other contributions, gifts and grants$58,188
VIII-1h Total contributions, gifts and grants$147,568
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,381$106,381
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $17,668$17,668
VIII-12 Total revenueRelated to mission $106,381 · Unrelated business $0 · Excluded from tax $18,179$272,128
Part IX · Statement of functional expenses $243,016 across 13 lines filed
IX-7 Other salaries and wagesPrograms $29,140 · Management $32,622$61,762
IX-10 Payroll taxesPrograms $3,331 · Management $5,338$8,669
IX-11b Legal feesManagement $2,208$2,208
IX-11c Accounting feesManagement $3,134$3,134
IX-11g Other fees for servicesManagement $267$267
IX-12 Advertising and promotionPrograms $1,482 · Management $1,482$2,964
IX-13 Office expensesManagement $7,061$7,061
IX-14 Information technologyManagement $253$253
IX-16 OccupancyPrograms $91,985 · Management $13,745$105,730
IX-22 Depreciation, depletion and amortizationPrograms $7,331$7,331
IX-23 InsurancePrograms $10 · Management $10$20
IX-24 Other expenses (24a–d)Programs $32,199 · Management $10,797$42,996
IX-24e All other expensesManagement $422 · Fundraising $199$621
IX-25 Total functional expensesPrograms $165,478 · Management $77,339 · Fundraising $199$243,016
Part X · Balance sheet $98,086 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $30,895$68,760
X-10c Land, buildings and equipment, netStart of year $38,883$29,326
X-16 Total assetsStart of year $69,778$98,086
X-17 Accounts payable and accrued expensesStart of year $2,737$1,933
X-26 Total liabilitiesStart of year $2,737$1,933
X-32 Total net assets or fund balancesStart of year $67,041$96,153
X-33 Total liabilities and net assetsStart of year $69,778$98,086
Part XI · Reconciliation of net assets $96,153 net assets at year end
XI-1 Total revenue$272,128
XI-2 Total expenses$243,016
XI-3 Revenue less expenses$29,112
XI-4 Net assets at start of year$67,041
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$96,153

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

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