2025-02-18T14:44:50-05:00 2024-08-31 521373858 DELEON & STANG CPAS AND ADVISORS 150 S EAST STREET FREDERICK MD 21701 990 2023-09-01 526054621 ADVENTURE THEATRE INC ADVE 3016342270 7300 MACARTHUR BLVD GLEN ECHO MD 20812 SARAH CHAPIN MANAGING DIRECTOR 3016342270 2024-02-12 true false RYAN CRABBS CPA P02436196 3012507400 2025-02-18 2023 2025-03-06 01:10:19Z SARAH CHAPIN 7300 MACARTHUR BLVD GLEN ECHO MD 20812 1268742 false X WWW.ADVENTURETHEATRE-MTC.ORG X 1964 MD ADVENTURE THEATRE EDUCATES AND INSPIRES NEW GENERATIONS OF THEATER ARTISTS AND AUDIENCES WITH EXCEPTIONAL THEATRICAL EXPERIENCES. 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PRODUCING 2 STUDENT PRODUCTIONS ANNUALLY ALLOWING STUDENTS TO GAIN TECHNICAL TRAINING IN OUR ACADEMY AND THEN PUT IT TO USE IN PRODUCTION. 468693 EDUCATIONAL PROVIDE THEATRICAL EDUCATIONAL CLASSES IN MUSIC, DANCE, ACTING, AND CREATIVE DRAMA AS WELL AS WORKSHOPS AND PERFORMANCES FOR OVER 40,000 STUDENTS AND SPECTATORS ANNUALLY. 1560066 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 45 0 true 100 false false false false false false false false false X 10 10 true false false false false false false true true false false true true true true true true true true false X THE ORGANIZATION 3016342270 7300 MACARTHUR BLVD GLEN ECHO MD 20812 X MELYNDA BURDETTE WINTROL TREASURER 2.00 X X 0 0 0 TERESA GIRAL BOARD VICE C 3.00 X X 0 0 0 SHERRY BEAMER SECRETARY 3.00 X X 0 0 0 MITCHELL HERMAN BOARD CHAIR 4.00 X X 0 0 0 IAN GROSSMAN BOARD MEMBER 1.00 X 0 0 0 PAULINE GROSSMAN BOARD MEMBER 2.00 X 0 0 0 JOSHUA MINDLIN BOARD MEMBER 1.00 X 0 0 0 CHELLE PARSKY BOARD MEMBER 2.00 X 0 0 0 KEITH PARSKY BOARD MEMBER 2.00 X 0 0 0 THOMAS SQUIRE BOARD MEMBER 2.00 X 0 0 0 ALBERT THOMPSON BOARD MEMBER 1.00 X 0 0 0 SARAH CHAPIN MANAGING DIR 40.00 X 0 0 0 false false false 95048 166287 261335 TUITION 622260 622260 TICKETS 363056 363056 OTHER PROGRAM SERVICE 22091 22091 1007407 1268742 1007407 X 837712 602440 235272 34420 24753 9667 96817 69626 27191 62265 62265 361320 360921 399 144242 100643 41744 1855 1336 1031 228 77 12625 12625 125004 125004 32653 32653 FACILITIES 340273 340194 79 PROGRAM EXPENSES 61486 59194 1792 500 STAFF DEVELOPMENT 48458 1264 1039 46155 BANK AND CREDIT CARD FEES 41307 41307 14852 14852 2214770 1560066 606117 48587 685176 80701 14852 19615 50658 1499374 1450000 174378 49374 897881 682923 1791902 863656 31846 55782 45836 60948 199800 197659 911491 892366 1188973 1206755 X 602929 -343099 602929 -343099 1791902 863656 -946028 X false true X false false X 718286 1801572 1623564 710773 261335 5115530 1009790 514325 897313 441565 1007407 3870400 1728076 2315897 2520877 1152338 1268742 8985930 8985930 1728076 2315897 2520877 1152338 1268742 8985930 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1320878 1284362 36516 178496 165638 12858 49374 RIGHT OF USE ASSET - OPERATING LEASE 662533 OTHER ASSETS 20390 682923 LEASE LIABILITY - OPERATING LEASE 687038 LINE OF CREDIT 184412 ACCRUED INTEREST 20916 892366 X 1273216 4474 4474 1268742 1268742 2219244 4474 4474 2214770 2214770 SCHEDULE D, PAGE 3, PART X ATMTC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION (509)(A)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION APPLIES THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES.THIS GUIDANCE REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATIONS TAX RETURNS TO DETERMINE WHETHER ANY TAX POSITIONS WOULD MORE-LIKELY-THAN-NOT BE SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED NOT TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, AT AUGUST 31, 2024, FOR UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. CURRENTLY, THE TAX YEARS ENDING 2020 ONWARD ARE OPEN AND SUBJECT TO EXAMINATIONS BY THE INTERNAL REVENUE SERVICE. FORM 990 - ORGANIZATION'S MISSION ADVENTURE THEATRE MTC EDUCATES AND INSPIRES NEW GENERATIONS OF THEATER ARTISTS AND AUDIENCES WITH EXCEPTIONAL THEATRICAL EXPERIENCES. IT IS THE PRE-EMINENT MUSICAL THEATER ACADEMY FOR YOUTH IN THE DC REGION WITH AN INTEGRATED AND NATIONALLY RENOWNED PROFESSIONAL THEATER FOR FAMILY AUDIENCES. FORM 990, PAGE 6, PART VI, LINE 2 KEITH PARSKY CHELLE PARSKY BOARD MEMBER BOARD MEMBER MARRIED COUPLE PAULINE GROSSMAN IAN GROSSMAN BOARD MEMBER BOARD MEMBER MARRIED COUPLE FORM 990, PAGE 6, PART VI, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS THROUGH EMAIL AND IS DISCUSSED AT A BOARD MEETING PRIOR TO THE RETURN BEING FILED FORM 990, PAGE 6, PART VI, LINE 12C ENFORCEMENT OF CONFLICTS POLICY DIRECTORS ARE PRECLUDED FROM VOTING ON MATTERS ON WHICH THERE ARE CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIALS: EXECUTIVE DIRECTOR SALARY IS REVIEWED BY THE EXECUTIVE COMMITTEE AND ARE APPROVED BY THE BOARD OF DIRECTORS THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION PROCESS FOR OFFICERS: THE EXECUTIVE DIRECTORS SALARY IS REVIEWED BY THE EXECUTIVE COMMITTEE AND ARE APPROVED BY THE BOARD OF DIRECTORS THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. OTHER SALARIES ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST BY PROVIDING COPIES IN PERSON, BY EMAIL, OR THROUGH POSTAL MAIL FORM 990, PART IX, LINE 11G PROFESSIONAL FEES 360,921 399 0