2025-05-14T11:23:37-05:00 2024-06-30 994625061 CRI ADVISORS LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2023-07-01 581524285 THE THEATRICAL OUTFIT INC THEA 6785281494 PO BOX 1555 ATLANTA GA 30301 VANYA FOOTE MANAGING DIRECTOR 6785281494 2025-05-14 1 1 TIFFANY T ORR CPA P01559485 7703948000 2025-05-14 2023 2025-03-06 01:10:19Z VANYA FOOTE PO BOX 1555 ATLANTA GA 30301 1764187 0 X HTTPS://WWW.THEATRICALOUTFIT.ORG X 1977 GA THEATRICAL OUTFIT, ATLANTA'S DOWNTOWN THEATRE, MISSION IS TO PRODUCE WORLD-CLASS THEATRE THAT STARTS THE CONVERSATIONS THAT MATTER. OUR VISION IS A COMPASSIONATE COMMUNITY GROUNDED IN DIGNITY, JUSTICE, AND EQUITY.WE CREATE THEATRE WITH A PURPOSE; OUR WORK HAS THE POWER TO DEEPEN CONNECTIONS, PROMOTE UNDERSTANDING, AND SERVE AS A CATALYST FOR CHANGE.WE INVEST IN ATLANTA; BY CREATING A HOME FOR ARTISTS IN ATLANTA AND INVESTING IN MEANINGFUL RELATIONSHIPS WITH OUR COMMUNITY, WE HELP BUILD A BRIGHTER FUTURE FOR OUR CITY.WE LIVE OUR VALUES; INCLUSION AND A SENSE OF BELONGING ARE PART OF WHO WE ARE AND CENTRAL TO HOW WE WORK. 18 18 50 25 0 0 1423813 778094 277202 473579 18805 25346 9631 38242 1729451 1315261 0 0 0 0 1031891 1265088 0 0 206396 692963 762997 1724854 2028085 4597 -712824 6802708 7528354 207925 318732 6594783 7209622 X THEATRICAL OUTFIT, ATLANTA'S DOWNTOWN THEATRE, MISSION IS TO PRODUCE WORLD-CLASS THEATRE THAT STARTS THE CONVERSATIONS THAT MATTER. OUR VISION IS A COMPASSIONATE COMMUNITY GROUNDED IN DIGNITY, JUSTICE, AND EQUITY.WE CREATE THEATRE WITH A PURPOSE; OUR WORK HAS THE POWER TO DEEPEN CONNECTIONS, PROMOTE UNDERSTANDING, AND SERVE AS A CATALYST FOR CHANGE.WE INVEST IN ATLANTA; BY CREATING A HOME FOR ARTISTS IN ATLANTA AND INVESTING IN MEANINGFUL RELATIONSHIPS WITH OUR COMMUNITY, WE HELP BUILD A BRIGHTER FUTURE FOR OUR CITY.WE LIVE OUR VALUES; INCLUSION AND A SENSE OF BELONGING ARE PART OF WHO WE ARE AND CENTRAL TO HOW WE WORK. 1 0 1574563 473579 THE THEATRICAL OUTFIT PRODUCES WORLD-CLASS STAGE PERFORMANCES AND PROVIDES COMPASSIONATE, COMMUNITY GROUNDED EDUCATIONAL PROGRAMS FOR ASPIRING THEATRE ARTISTS. DURING THE FISCAL YEAR, THE ORGANIZATION CREATED THE LAUNCHPAD FESTIVAL, A FESTIVAL OF FOUR WORLD PREMIERE, FULLY STAGED PRODUCTIONS THAT WERE SELF-PRODUCED BY THE PLAYWRIGHTS. THEATRICAL OUTFIT PAID THE PLAYWRIGHTS A STIPEND, GAVE THEM FREE REHEARSAL SPACE, AND SUPPORTED THEIR PLAY DEVELOPMENT, WHILE PREPARING THEM TO BE PRODUCERS AND LAUNCH THEIR PLAYS TO TOUR. 1574563 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 93 0 1 50 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X X X THE THEATRICAL OUTFIT INC 6785281494 84 LUCKIE ST NW ATLANTA GA 30303 ARTHUR H MAZOR CHAIR-HR COMMITTEE 1.00 X X 0 0 0 ROB HUTCHINS TREASURER - FINANCE CHAIR 1.00 X X 0 0 0 NECOLE JACKSON-DEJOIE SECRETARY 1.00 X X 0 0 0 CYDNEE DUBROF CHAIR-DEVELOPMENT COMMITTEE 1.00 X 0 0 0 JESSICA PARDI CHAIR-GOVERNANCE COMMITTEE 1.00 X 0 0 0 STEPHEN SWICEGOOD CHAIR-FACILITIES COMMITTEE 1.00 X 0 0 0 JOYCE ABRAMS TRUSTEE 1.00 X 0 0 0 RONNIE BELIZAIRE TRUSTEE 1.00 X 0 0 0 CHRISTA BOYD TRUSTEE 1.00 X 0 0 0 CARRIE ALLIS GIGLIO TRUSTEE 1.00 X 0 0 0 JESSICA KIRKWOOD TRUSTEE 1.00 X 0 0 0 JOHN B KNOTT TRUSTEE 1.00 X 0 0 0 DENISE LAWRENCE TRUSTEE 1.00 X 0 0 0 DARRYL LESURE TRUSTEE 1.00 X 0 0 0 MARK MCCARTHY TRUSTEE 1.00 X 0 0 0 DIANA MILSAP TRUSTEE 1.00 X 0 0 0 BETHANY NELSON TRUSTEE 1.00 X 0 0 0 JESSICA TRUELOVE TRUSTEE 1.00 X 0 0 0 VANYA FOOTE MANAGING DIRECTOR 40.00 X 81167 0 0 81167 0 0 0 0 0 0 0 131128 106300 540666 200000 778094 ADMISSION/CONCESSIONS 711110 473579 473579 473579 29257 29257 73333 0 73333 73333 73333 409924 413835 -3911 -3911 -3911 0 131128 35091 -35091 -35091 1315261 473579 0 63588 82367 68548 9323 4496 1058336 880774 119796 57766 60419 50282 6839 3298 63966 53235 7240 3491 18426 11309 6375 742 6663 6663 72459 56304 15600 555 114962 114962 13955 13955 119949 101826 14032 4091 3613 3613 16618 16618 219612 182767 24858 11987 2214 2214 PRODUCTION AND ARTISTIC 168673 168673 CAPITAL CAMPAIGN EXPENS 5008 5008 EDUCATION EXPENSES 845 845 2028085 1574563 247126 206396 109913 42015 934985 978746 460439 4325292 18746 7259 2794299 792932 5078297 2001367 200328 173675 6802708 7528354 30760 65383 26665 28270 150000 188280 500 36799 207925 318732 X 4856816 838331 1737967 6371291 6594783 7209622 6802708 7528354 X -712824 52832 144000 1130831 X X 0 1 X 1 0 X 2686583 2247488 1827226 1423813 778094 8963204 2686583 2247488 1827226 1423813 778094 8963204 17382 8945822 12574 5760 18342 28436 102590 167702 9130906 1549547 0.97970 0.98530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 828827 200000 68214 118790 978251 588594 200000 40233 828827 449975 200000 -61381 588594 200000 200000 49975 449975 200000 200000 0.00000 1.00000 0.00000 0 0 2118121 161457 1956664 676178 631475 44703 2001367 OPERATING LEASE - RIGHT OF USE LIABILITY 36799 36799 X 1540521 52832 144000 35091 231923 1308598 6663 6663 1315261 2200513 144000 35091 179091 2021422 6663 6663 2028085 PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE THEATRE IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE THEATRE'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE THEATRE HAD BUSINESS INCOME ASSOCIATED WITH THE RENTAL OF THEATRE FACILITIES FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. THE INCOME WAS EXCLUDED FROM TAXATION PER IRC SECTION 512(B)(3) FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. THE THEATRE UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2024 AND 2023, THE THEATRE HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHEDULE G - EVENT EXPENSES 35,091. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHEDULE G - EVENT EXPENSES 35,091. SPRING GALA 119424 119424 31876 OTHER EVENTS 11704 11704 3215 131128 131128 35091 35091 -35091 X 1 200000 0 0 0 FORM 990, PART III, LINE 2 THE LAUNCHPAD FESTIVAL - A FESTIVAL OF FOUR WORLD PREMIERE, FULLY STAGED PRODUCTIONS THAT WERE SELF-PRODUCED BY THE PLAYWRIGHTS. THEATRICAL OUTFIT PAID THE PLAYWRIGHTS A STIPEND, GAVE THEM FREE REHEARSAL SPACE, AND SUPPORTED THEIR PLAY DEVELOPMENT, WHILE PREPARING THEM TO BE PRODUCERS AND LAUNCH THEIR PLAYS TO TOUR. IT WAS ORGANIZATION'S WAY OF FULFILLING OUR MISSION, WITHIN THE BUSINESS MODEL TO, AT MINIMUM, BREAK EVEN. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS PREPARED BY THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANT FOR REVIEW BY MANAGEMENT, THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES. THE DRAFT IS DELIVERED ELECTRONICALLY TO EACH BOARD MEMBER, WHO IS INVITED TO REVIEW AND COMMENT. THE 990 IS NOT FINALIZED AND SIGNED UNTIL MANAGEMENT RECEIVES THE APPROVAL OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ANNUAL DISCLOSURES OF POTENTIAL CONFLICTS BY BOARD MEMBERS AND DIRECTORS. THE MANAGING DIRECTOR MONITORS FOR IDENTIFIED AND UNIDENTIFIED CONFLICTS, AND CONSULTS WITH LEGAL COUNSEL AND THE BOARD GOVERNANCE CHAIR, IF ANYTHING QUESTIONABLE ARISES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD SETS COMPENSATION FOR THE ARTISTIC DIRECTOR AND MANAGING DIRECTOR, THROUGH THE USE OF COMPARABLE DATA FROM SIMILAR-SIZED THEATER COMPANIES IN ATLANTA. THE SAME CRITERIA IS USED FOR ANY EMPLOYEE OR BUSINESS OFFICER TO SET COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE ONLINE THROUGH THE GEORGIA SECRETARY OF STATE'S WEBSITE, GUIDESTAR'S WEBSITE, AND UPON REQUEST THROUGH THE THEATRICAL OUTFIT DIRECTLY. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST THROUGH THE THEATRICAL OUTFIT. FORM 990, PART XI, LINE 9: CORRECTION OF A MISSTATEMENT - AUDITED FINACIAL STATEMENTS 1,274,831. DONATED USE OF FACILITIES -144,000. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS IS UNCHANGED FROM THE PRIOR YEAR.