Knoxville Childrens Theatre Inc

EIN: 461054613 501(c)(3) Arts, Culture & Humanities

Knoxville, TN

Total Revenue
$529,114
Total Expenses
$455,053
Total Assets
$357,081
Net Assets
$337,617
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TN
Tax Period
2023-01-01 to 2023-12-31

Knoxville Childrens Theatre Inc, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $529K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $455K left a modest 14% surplus.

Mission

Knoxville Childrens Theatre, Inc. produces meaningful theatrical productions for children and families and serves the community through outreach and educational programs.

Program Service Accomplishments

Program 1
Expenses: $248,680 Revenue: $216,292

Knoxville Childrens Theatre, an education-based 501(c)(3) non-profit, is a local theatre company producing professional plays for children, by children. KCT is committed to providing children...

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Knoxville Childrens Theatre, an education-based 501(c)(3) non-profit, is a local theatre company producing professional plays for children, by children. KCT is committed to providing children opportunities to acquire and hone skills that enhance creative thinking, public speaking, project management, personal responsibility, leadership, and team work. All of these opportunities occur in a creative outlet where imagination thrives, self-esteem develops, and students learn the many life lessons that creative dramatics can teach.We Believe:-We believe that theatrical arts are for everyone, so we have established a diverse organization where any child can participate in a production at no cost.-We believe that our community benefits from quality theatre, so we are committed to superior productions and professional instruction.-We believe that theatre teaches vital life skills, so we provide an environment where children improve public speaking, develop self-confidence, practice teamwork, build a strong work ethic, become problem solvers and future leaders.-We believe that childrens theatre is fun! So we nurture its energy and excitement into a lifelong love for the performing arts.During 2023, KCT was able to successfully plan and perform a total of 10 shows throughout the year. The participation in and attendance of the shows has been strong and continues to increase.

Program 2
Expenses: $133,863 Revenue: $107,118

KCT also provides an academy focused developing young people from ages 4 through 18. Classes are taught by professional theatre artists and are designed to be small in size to allow for individual...

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KCT also provides an academy focused developing young people from ages 4 through 18. Classes are taught by professional theatre artists and are designed to be small in size to allow for individual and group instruction. During 2023, KCT offered a wide range of classes with a total of more than 500 participants. Participation in the academy continues to increase. Scholarships are provided for families in the community who may not be able to afford academy tuition.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $205,704
Program Service Revenue $323,410
Investment Income $0
Other Revenue $0
TOTAL REVENUE $529,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $223,134
Fundraising Expenses $26,885
Program Expenses $382,543
Other Expenses $231,919
TOTAL EXPENSES $455,053

Year-over-Year Comparison

2023 2022 Change
Revenue $529,114 $456,590 +0.2%
Expenses $455,053 $427,832 +0.1%
Net Income $74,061 $28,758 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barron Kennedy President 1.00
Director
$0 $0 $0
Janice Branson Director 1.00
Director
$0 $0 $0
Greg Crane Director 1.00
Director
$0 $0 $0
Kelly Segars Director 1.00
Director
$0 $0 $0
Darrell Debusk Director 1.00
Director
$0 $0 $0
Sterling Henton Director 1.00
Director
$0 $0 $0
Jen Moon Director 1.00
Director
$0 $0 $0
CA Long Secretary 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $529,114 $455,053 $357,081 $74,061
2022 $456,590 $427,832 $269,225 $28,758
2021 $525,457 $370,109 $240,467 $155,348
2020 $308,929 $280,746 $83,689 $28,183
2019 $355,762 $342,384 $55,703 $13,378
2018 $295,995 $288,807 $41,905 $7,188
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