Nashville Repertory Theatre
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615-244-4878
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161 Rains Avenue
Nashville, TN 37203
Organization Details

Fiscal Year

Fiscal Year Start

07/01/2024

Fiscal Year End

06/30/2025

Projected Revenue

$2,883,775.00

Projected Expenses

$2,883,775.00

Organizational Budgets and Other Documents

Nashville Repertory Theatre 2024-2025 Budget 2025
Nashville Repertory Theatre 2023-2024 Budget 2024
Nashville Repertory Theatre 2022-2023 Budget 2023
Nashville Repertory Theatre 2021-2022 Budget 2022
Nashville Repertory Theatre 2020-2021 Budget 2021
Nashville Repertory Theatre 2019-2020 Budget 2020
Nashville Repertory Theatre 2018-2019 Budget 2019
Nashville Repertory Theatre 2017-2018 Budget 2018
Nashville Repertory Theatre 2016-17 Budget 2017
Nashville Repertory Theatre 2015-16 Budget 2016
Tennessee Repertory Theatre 2014-15 Budget 2015
Tennessee Repertory Theatre 2013-14 Budget 2014
Tennessee Repertory Theatre 2012-13 Budget 2013
Tennessee Repertory Theatre 2011-12 Budget 2012
Tennessee Repertory Theatre 2010-11 Budget 2011
Tennessee Repertory Theatre 2009-10 Budget 2010
Tennessee Repertory Theatre 2008-09 Budget 2009
Tennessee Repertory Theatre 2007-08 Budget 2008
Tennessee Repertory Theatre 2006-07 Budget 2007
Tennessee Repertory Theatre 2005-06 Budget 2006

IRS Letter of Exemption

Nashville Repertory Theatre IRS Letter

Detailed Financials

Revenue and Expenses
Fiscal Year202420232022
Total Revenue $3,168,737.00$3,171,319.00
Total Expenses $2,832,483.00$2,588,047.00
Revenue Less Expenses ($-0.00)$336,254.00$583,272.00

Revenue Sources
Fiscal Year202420232022
Foundation and Corporation Contributions $0.00$230,481.00
Government - Federal $0.00$0.00
Government - State $0.00$1,541,072.00
Government - Local $0.00$0.00
Government - Unspecified $851,996.00$559,394.00
Contributions, Gifts, and Grants $1,057,489.00$113,283.00
Indirect Public Support $0.00$0.00
Earned Revenue $1,022,574.00$486,030.00
Investment Income, Net of Losses $0.00$0.00
Membership Dues $0.00$0.00
Special Events $220,519.00$221,464.00
Revenue In-Kind $0.00$15,250.00
Other $16,159.00$4,165.00

Expense Allocation
Fiscal Year202420232022
Program Expense $2,181,204.00$1,948,695.00
Administration Expense $645,846.00$623,861.00
Fundraising Expense $5,433.00$15,491.00
Total Revenue/Total Expenses 112%123%
Program Expense/Total Expenses 77%75%
Fundraising Expense/Contributed Revenue 0%1%

Top Funding Sources
Fiscal Year202420232022
Top Funding Source & Dollar Amount $0.00Contributions, Gifts, and Grants
$1,057,489.00
State Government Grants
$1,541,072.00
Second Highest Funding Source & Dollar Amount $0.00Program Revenue
$1,022,574.00
Government Grants
$559,394.00
Third Highest Funding Source & Dollar Amount $0.00Government Grants
$851,996.00
Program Revenue
$486,030.00

Assets and Liabilities
Fiscal Year202420232022
Total Assets $2,008,190.00$1,810,998.00
Current Assets $851,996.00$1,738,479.00
Long-Term Liabilities $0.00$0.00
Current Liabilities $451,145.00$590,207.00
Total Net Assets $1,557,045.00$1,220,791.00

Endowment Info

Do you have an endowment?

Yes

What is the value of the endowment?

$1,800,000.00

What is the spending policy for your endowment?

N/A

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Do you anticipate a campaign in the next 5 years?

No

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

December

Permit Expiration Year

2024

Solicitations Permit

Charitable Solicitations Permit

Form 990s

Nashville Repertory Theatre 990 2023
Nashville Repertory Theatre 990 2022
Nashville Repertory Theatre 990 2021
Nashville Repertory Theatre 990 2020
Nashville Repertory Theatre 990 2019
Nashville Repertory Theatre 990 2018
Nashville Repertory Theatre 990 2017
Nashville Repertory Theatre 990 2016
Nashville Repertory Theatre 990 2015
Tennessee Repertory Theatre 990 2014
Tennessee Repertory Theatre 990 2013
Tennessee Repertory Theatre 990 2012
Tennessee Repertory Theatre 990 2011
Tennessee Repertory Theatre 990 2010
Tennessee Repertory Theatre 990 2009
Tennessee Repertory Theatre 990 2008
Tennessee Repertory Theatre 990 2007
Tennessee Repertory Theatre 990 2006
Tennessee Repertory Theatre 990 2005

Audit Documents

Nashville Repertory Theatre Audited Financials 2023
Nashville Repertory Theatre Audited Financials 2022
Nashville Repertory Theatre Audited Financials 2021
Nashville Repertory Theatre Audited Financials 2020
Nashville Repertory Theatre Audited Financials 2019
Nashville Repertory Theatre Audited Financials 2018
Nashville Repertory Theatre Audited Financials 2017
Nashville Repertory Theatre Audited Financials 2016
Nashville Repertory Theatre Audited Financials 2015
Tennessee Repertory Theatre Audited Financials 2014
Tennessee Repertory Theatre Audited Financials 2013
Tennessee Repertory Theatre Audited Financials 2012
Tennessee Repertory Theatre Audit Management Letter 2011
Tennessee Repertory Theatre Audited Financials 2011
Tennessee Repertory Theatre Audited Financials 2010
Tennessee Repertory Theatre Audited Financials 2009
Tennessee Repertory Theatre Audited Financials 2008
Tennessee Repertory Theatre Audited Financials 2007
Tennessee Repertory Theatre Audited Financials 2006
Tennessee Repertory Theatre Audited Financials 2005

CEO/Executive Director/Board Comments


Nashville Rep's current strategic plan details the need to diversify revenue sources beyond mainstage ticket purchases and standard fundraising and identifies multiple opportunities to do so:

• Growing our rentals operation
• Offering shop services for contract
• Offering custom prop and costume creation
• Expanding youth programs
• Adding special events
• Identifying new fundraising markets and new audiences
• Creating new partnerships, especially with major cultural institutions
• Continue leveraging digital programming to expand reach at a low cost
• Restructure the staff to enable increased development efforts, especially in corporate gifts
- Launching a touring company

The COVID-19 pandemic highlighted the need for understudy and swing performers, which, if fully implemented, could raise payroll costs for each production greatly, sometimes by as much as 100%. In 2022, the company received a three-year, $2 million grant from the Tennessee Arts Commission that is helping to support those increased costs as well as the space costs listed in the Programs section. To prepare the organization to replace those funds when the grant ends, in addition to the initiatives above, we have increased the budget reorganized our development department and we are building a culture of philanthropy throughout the organization.

Foundation Staff Comments


Prior comment: **The endowment for Tennessee Repertory Theatre is held at The Community Foundation of Middle Tennessee. Kathryn Bennett 3/8/2021.
Financials taken from the Form 990. Financial prepared by UHY Advisors MO, Inc. Comments provided by Hayley Sulfridge 6/27/24.