Equinox Theatre Company DBA Verge Theater EIN 84-1372428

Equinox Theatre Company DBA Verge Theater

EIN  84-1372428 Public charity (501(c)(3)) Bozeman, MT
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
Jesse Lagos · President
Money in and out
$235K revenue, $279K expenses
Bottom line
73% program efficiency

Equinox Theatre Company DBA Verge Theater is an arts and culture nonprofit based in Bozeman, MT. For fiscal year 2024 it reported $235K in revenue, $279K in expenses, and $29K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$279K
Pt IX · Ln 25
Net assets
$29K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$44K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.15 Fundraising $0.12
Program efficiency
73%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate▼ -72% vs prior filing year
Surplus margin
-19%
revenue over expenses, this year▼ -277% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$235K
FY2024▼ -29%
Expenses
$279K
FY2024▼ -5%
Total assets
$44K
FY2024▼ -52%
Total liabilities
$15K
FY2024▼ -18%
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$279K
Pt IX · Ln 25
Net assets
$29K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$44K
Total assetsPt X · Ln 16$44K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $203K of program spending, described in the organization's own filed words · FY2024.
01

Theater Productions

Production at very affordable prices

$203Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquinox Theatre Company DBA Verge Theater
EINHdr · item D84-1372428
Principal addressHdr · item CBozeman, MT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFMay 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Equinox Theatre Company DBA Verge Theater executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$126K · 53%
Program service revenue$108K · 46%
Other revenue$2K · 1%
Contributions & grants53%$126K
Program service revenue46%$108K
Other revenue1%$2K
— government grantsLn 1e$12K
Total revenueLn 12$235K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.15 Fundraising $0.12
Program services73%$203K
Management & general15%$42K
Fundraising12%$35K
Total functional expensesLn 25$279K

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$44K
Total liabilitiesLn 26$15K
Total net assetsLn 32$29K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses/yr $279K
0.8 months
Where the money goes
Program services
Program services $203K · Total expenses $279K
73%
Management & General
Management & general $42K · Total expenses $279K
15%
Fundraising
Fundraising $35K · Total expenses $279K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $45K · Solicited contributions (2-yr avg) $125K
$0.36 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $126K · Total revenue $235K
53%
Government reliance
Government grants $12K · Total revenue $235K
5%
Earned-income share
Program service revenue $108K · Total revenue $235K
46%
Investment reliance
Investment income $0 · Total revenue $235K
0%
Program self-sufficiency
Program service revenue $108K · Total expenses $279K
39%
Growth & trend
Revenue growth (YoY)
This year $235K · Prior year $330K
-29%
Revenue CAGR
FY2020 $210K · FY2024 $235K
+3%
Net-asset trend (YoY)
End of year $29K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $235K · Expenses $279K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $44K
Net-asset ratio
Net assets $29K · Total assets $44K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $44K
0%
People & payroll
Highest Reported Total Compensation
Individual Jesse Lagos · Reported title President · Highest reported compensation $0 · Total expenses $279K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $157K · Total expenses $279K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 15%
Fundraising cost ratio 28%
Revenue growth -29%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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
South Arts INCFY2024$32K
Total grants receivedfrom 1 funder$32K

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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
FY2024 (Latest)$235K revenue · viewing · ⤓ 990 PDF
FY2023$330K revenue · ⤓ 990 PDF
FY2022$167K revenue · ⤓ 990 PDF
FY2021$159K revenue · ⤓ 990 PDF
FY2020$210K revenue · ⤓ 990 PDF

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Sources

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