The Cat Ltd EIN 82-4715318 Form 990 (PDF) Claim this org

The Cat Ltd FY2023 filing

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Provides a local stage for Carmel artists to entertain the community. For fiscal year 2023 it reported $257K in revenue, $214K in expenses, and $72K in net assets.Pt I

Founded
2018
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Carmel, IN
Website
thecat.biz
Filings
6 on file (2020–2023)
Revenue
$257KFY2023
Expenses
$214K
Net assets
$72K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-4715318 Public charity (501(c)(3)) Carmel, IN Founded 2018
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides a local stage for Carmel artists to entertain the community.
Leadership
Audrey Larkin · Production Manager · $45K
Money in and out
$257K revenue, $214K expenses
Bottom line
62% program efficiency
Where the money goes · FY2023
Total revenue
$257K
Pt VIII · Ln 12
Total expenses
$214K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $42K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Program efficiency
62%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$257K
FY2023▲ +42%
Expenses
$214K
FY2023
Total assets
$74K
FY2023
Total liabilities
$2K
FY2023
Total revenue
$257K
Pt VIII · Ln 12
Total expenses
$214K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$42K
Total assetsPt X · Ln 16$74K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Cat Ltd
EINHdr · item D82-4715318
Principal addressHdr · item CCarmel, IN
WebsiteHdr · item Jthecat.biz
Year of formationHdr · item L2018
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Production Manager
$45,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $132K of program spending, described in the organization's own filed words · FY2023.
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. On average, there has been somewhere between 156 and 208 affordable performances on our stage each year.

$79Kprogram expense
02

During 2023, the cat provided a home for 28 different artistic companies to produce their seasons.

$53Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$158K · 61%
Program service revenue$78K · 30%
Other revenue$22K · 8%
Contributions & grants61%$158K
Program service revenue30%$78K
Other revenue8%$22K
Total revenueLn 12$257K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$132K
Management & general38%$82K
Total functional expensesLn 25$214K

Balance Sheet

Part X · end of year
CashLn 1$25K
Total assetsLn 16$74K
Total liabilitiesLn 26$2K
Total net assetsLn 32$72K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $25K · Operating expenses/yr $214K
1.4 months
Where the money goes
Program services
Program services $132K · Total expenses $214K
62%
Management & General
Management & general $82K · Total expenses $214K
38%
Fundraising
Fundraising $0 · Total expenses $214K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $158K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $158K · Total revenue $257K
61%
Government reliance
Government grants — · Total revenue $257K
Earned-income share
Program service revenue $78K · Total revenue $257K
30%
Investment reliance
Investment income $0 · Total revenue $257K
0%
Program self-sufficiency
Program service revenue $78K · Total expenses $214K
36%
Growth & trend
Revenue growth (YoY)
This year $257K · Prior year $181K
+42%
Net-asset trend (YoY)
End of year $72K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $257K · Expenses $214K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $74K
Net-asset ratio
Net assets $72K · Total assets $74K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $74K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Audrey Larkin · Reported title PRODUCTION MANAGER · Highest reported compensation $45K · Total expenses $214K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $52K · Total expenses $214K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0%
Revenue growth 42%
Legal fee ratio 0.7%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$272K revenue · ⤓ 990 PDF
FY2024$230K revenue · ⤓ 990 PDF
FY2023$257K revenue · viewing · ⤓ 990 PDF
FY2022$181K revenue · ⤓ 990 PDF
FY2021$175K revenue · ⤓ 990 PDF
FY2020$143K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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