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

The Cat Ltd FY2024 filing

Not yet claimed Claim this org →

Provides a local stage for Carmel artists to entertain the community. For fiscal year 2024 it reported $230K in revenue, $235K in expenses, and $67K 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 (2020–2024)
Revenue
$230KFY2024
Expenses
$235K
Net assets
$67K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-4715318 Public charity (501(c)(3)) Carmel, IN Founded 2018
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until The Cat Ltd claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Provides a local stage for Carmel artists to entertain the community.
Leadership
Deborah B Wood · President / Treasurer
Money in and out
$230K revenue, $235K expenses
Bottom line
67% program efficiency
Where the money goes · FY2024
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$235K
Pt IX · Ln 25
Net assets
$67K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33
Program efficiency
67%
of spending reaches programs
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$230K
FY2024▼ -10%
Expenses
$235K
FY2024▲ +10%
Total assets
$70K
FY2024▼ -5%
Total liabilities
$3K
FY2024▲ +54%
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$235K
Pt IX · Ln 25
Net assets
$67K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$70K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 35
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 1a5
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
President / Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director / Past-President
$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 →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $156K of program spending, described in the organization's own filed words · FY2024.
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.

$107Kprogram expense
02

In 2024 the cat reached new milestones. We launched our tuition-based youth program, opening with a cast of 50 in disney's "descendants" - a dazzling kickoff to what will surely become a cornerstone of the cat's future.

$28Kprogram expense
03

During 2024, the cat provided a home for 20 different artistic companies to produce their seasons.

$21Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$137K · 59%
Program service revenue$80K · 35%
Other revenue$14K · 6%
Contributions & grants59%$137K
Program service revenue35%$80K
Other revenue6%$14K
— government grantsLn 1e$85K
Total revenueLn 12$230K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33
Program services67%$156K
Management & general33%$79K
Total functional expensesLn 25$235K

Balance Sheet

Part X · end of year
CashLn 1$31K
Total assetsLn 16$70K
Total liabilitiesLn 26$3K
Total net assetsLn 32$67K
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $31K · Operating expenses (Pt IX) $235K · Less non-cash grants $16K · Cash operating expenses/yr $219K
1.7 months
Where the money goes
Program services
Program services $156K · Total expenses $235K
67%
Management & General
Management & general $79K · Total expenses $235K
33%
Fundraising
Fundraising $0 · Total expenses $235K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $105K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $137K · Total revenue $230K
59%
Government reliance
Government grants $85K · Total revenue $230K
37%
Earned-income share
Program service revenue $80K · Total revenue $230K
35%
Investment reliance
Investment income $0 · Total revenue $230K
0%
Program self-sufficiency
Program service revenue $80K · Total expenses $235K
34%
Growth & trend
Revenue growth (YoY)
This year $230K · Prior year $257K
-10%
Revenue CAGR
FY2020 $143K · FY2024 $230K
+13%
Net-asset trend (YoY)
End of year $67K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $230K · Expenses $235K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $70K
Net-asset ratio
Net assets $67K · Total assets $70K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $70K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Deborah B Wood · Reported title PRESIDENT / TREASURER · Highest reported compensation $0 · Total expenses $235K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59K · Total expenses $235K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 33%
Fundraising cost ratio 0%
Revenue growth -10%
Legal fee ratio 0.2%
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

Similar Organizations

Closest in mission — by what they do
See all organizations like The Cat Ltd →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · viewing · ⤓ 990 PDF
FY2023$257K revenue · ⤓ 990 PDF
FY2022$181K revenue · ⤓ 990 PDF
FY2021$175K revenue · ⤓ 990 PDF
FY2020$143K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.