The Theater Bug Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$548,000.00
Projected Expenses
$543,400.00
Organizational Budgets and Other Documents
| 2023/2024 Budget | 2024 |
| 2022-2023 Budget | 2023 |
| 23/24 Budget | 2023 |
| 2021-2022 Budget | 2022 |
| 2020-20201 Budget | 2021 |
| 2019-2020 Budget | 2020 |
| 2018-2019 Budget | 2019 |
| 2017-2018 Budget | 2018 |
| 2017 Budget | 2017 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $368,512.00 | $286,132.00 | |
| Total Expenses | $450,308.00 | $182,970.00 | |
| Revenue Less Expenses | ($-0.00) | ($81,796.00) | $103,162.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $95,100.00 | $5,000.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $35,412.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $3,180.00 | $64,002.00 | |
| Contributions, Gifts, and Grants | $148,753.00 | $176,375.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $86,067.00 | $40,755.00 | |
| Investment Income, Net of Losses | $0.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $378,956.00 | $153,552.00 | |
| Administration Expense | $71,352.00 | $7,403.00 | |
| Fundraising Expense | $0.00 | $22,015.00 | |
| Total Revenue/Total Expenses | 82% | 156% | |
| Program Expense/Total Expenses | 84% | 84% | |
| Fundraising Expense/Contributed Revenue | 0% | 12% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $148,753.00 | Contributions, Gifts, and Grants $176,375.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Foundation and Corporations $95,100.00 | Government Grants $64,002.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $86,067.00 | Program Revenue $40,755.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $197,465.00 | $279,261.00 | |
| Current Assets | $197,465.00 | $147,982.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $0.00 | $0.00 | |
| Total Net Assets | $197,465.00 | $279,261.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2023
Form 990s
| 2022 Form 990 | 2022 |
| 2020-2021 Form 990 | 2021 |
| 2020 Form 990 | 2020 |
| 2019 Form 990 | 2019 |
| 2018 form 990 | 2018 |
| 2017 Form 990 | 2017 |
| 2016 Form 990 | 2016 |
| 2015 Form 990 | 2015 |
| 2014 Form 990 | 2014 |
Audit Documents
No audit documents are available at this time
CEO/Executive Director/Board Comments
| The Theater Bug has experienced financial difficulties during the current (2020/2021) fiscal year consisting of: decreased ticket sales, limited in-person fundraising & program events, as well as postponing our single largest program & fundraising event of the year - Bug Ball. We are also in the process of moving to a new building so a majority of our fundraising efforts have gone towards construction & furnishing of the new location. As a result of the financial difficulties mentioned above, we are limited with our future programming events but we will continue to fundraise and strategize our programs in order to meet our goals. We were able to raise $100,000 this year despite these challenges, as well as completing phase one of the build out of our new theater space. We started the year with $200,000 cash on hand to contribute toward these costs and to help sustain us through the pandemic. |
Foundation Staff Comments
| Financial figures taken from Form 990. Schedule B removed to protect donor privacy. Form 990 was prepared by Alice Crafts, CPA, LLC. Comments provided by Nicole Rose 03/08/2022. |
