Studio Tenn Theatre Company
Fiscal Year
Fiscal Year Start
08/01/2023
Fiscal Year End
07/31/2024
Projected Revenue
$1,732,058.00
Projected Expenses
$1,731,804.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| studio tenn theatre company irs letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $3,138,747.00 | $1,178,517.00 | $900,755.00 |
| Total Expenses | $1,629,514.00 | $1,217,005.00 | $546,154.00 |
| Revenue Less Expenses | $1,509,233.00 | ($38,488.00) | $354,601.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $290,000.00 | $344,387.00 | $441,938.00 |
| Contributions, Gifts, and Grants | $2,121,739.00 | $271,135.00 | $387,036.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $574,994.00 | $367,319.00 | $24,740.00 |
| Investment Income, Net of Losses | $20,841.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $97,973.00 | $195,240.00 | $36,116.00 |
| Revenue In-Kind | $37,484.00 | $0.00 | $0.00 |
| Other | $5,816.00 | $436.00 | $10,925.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,221,746.00 | $932,848.00 | $279,035.00 |
| Administration Expense | $273,490.00 | $232,826.00 | $212,549.00 |
| Fundraising Expense | $134,278.00 | $51,331.00 | $54,570.00 |
| Total Revenue/Total Expenses | 193% | 97% | 165% |
| Program Expense/Total Expenses | 75% | 77% | 51% |
| Fundraising Expense/Contributed Revenue | 8% | 4% | 10% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,121,739.00 | Program Revenue $367,319.00 | Government Grants $441,938.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $574,994.00 | Government Grants $344,387.00 | Contributions, Gifts, Grants $387,036.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $97,973.00 | Contributions, Gifts, and Grants $271,135.00 | Fundraising Events $36,116.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $2,099,292.00 | $457,834.00 | $916,990.00 |
| Current Assets | $1,642,902.00 | $422,726.00 | $889,063.00 |
| Long-Term Liabilities | $561,096.00 | $563,557.00 | $809,043.00 |
| Current Liabilities | $207,064.00 | $72,379.00 | $247,561.00 |
| Total Net Assets | $1,331,132.00 | $-178,102.00 | $-13,914.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
Yes
What is the campaign goal?
$3,500,000.00
What is the purpose of the capital campaign?
We are raising 3. 5 Million for the renovation of our theater in The Factory at Franklin. In addition to the building we will be looking for a rehearsal space to rent for productions and our education department.
Campaign Start
March 2023
Campaign End
May 2025
Campaign Raised to Date Month
December
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$2,295,020.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
January
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
| Audit | 2023 |
| 2022 Audit | 2022 |
| 2021 Audit | 2021 |
| 2020 Audit | 2020 |
| ST Audit 2018/2019 | 2019 |
| Studio Tenn 2017/18 Audit Document | 2018 |
| Studio Tenn 2016/17 Audit Document | 2017 |
| Studio Tenn 2015/16 Audit Document | 2016 |
| Studio Tenn 2014/15 Audit | 2015 |
| Studio Tenn 2013/14 Audit | 2014 |
| Studio Tenn 2012/13 Audit | 2013 |
Foundation Staff Comments
| Financial figures taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum as these amounts are not separated in Form 990. 990 prepared by UHY Advisors MO, Inc.. Comments provided by Nicole Rose 07/25/2024. |
