VIRGINIA THEATRE ASSOCIATION

EIN: 521422844 501(c)(3) Arts, Culture & Humanities

NORTH CHESTERFIELD, VA

Total Revenue
$40,404
Total Expenses
$68,510
Total Assets
$15,641
Net Assets
$3,130
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
VA
Principal Officer
CHLOE GREEN
Phone
8044676987
Tax Period
2020-01-01 to 2020-12-31

VIRGINIA THEATRE ASSOCIATION, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $226K left a modest 6% surplus.

Mission

VIRGINIA THEATRE ASSOCIATION IS ORGANIZED AND OPERATED AS A NON-STOCK CORPORATION, EXCLUSIVELY FOR NON-PROFIT EDUCATIONAL, ARTISTIC, AND CHARITABLE PURPOSES. THE MISSION OF THE VIRGINIA THEATRE ASSOCIATION IS TO CONNECT, DEVELOP, NURTURE AND ADVOCATE FOR THEATRE PEOPLE OF ALL AGES, AT EVERY LEVEL, FROM EVERY CORNER OF THE COMMONWEALTH, SERVING AS THE VOICE OF THEATRE IN VIRGINIA.

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $6,308
Program Service Revenue $34,095
Investment Income $1
Other Revenue $0
TOTAL REVENUE $40,404

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,182
Fundraising Expenses $9,546
Program Expenses $29,400
Other Expenses $30,328
TOTAL EXPENSES $68,510

Year-over-Year Comparison

2020 2019 Change
Revenue $40,404 $217,944 -0.8%
Expenses $68,510 $243,770 -0.7%
Net Income $-28,106 $-25,826 +0.1%
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
13
Independent Members
13
Employees
2
Volunteers
30

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
8
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEFAN SITTIG COLLEGE & UNIV CHAIR 0.50
Director
$0 $0 $0
BRUCE MILLER PROFESSIONAL CHAIR 0.50
Director
$0 $0 $0
WEST LIVINGSTON TECHNICAL DIVISION CHAIR 0.50
Director
$0 $0 $0
LINDA GALLANT SECONDARY SCHOOLS CHAIR 0.50
Director
$0 $0 $0
KEVIN COVERT SETC STATE REPRESENTATIVE 0.50
Director
$0 $0 $0
MELISSA CHARLES THEATRE FOR YOUTH CHAIR 0.50
Director
$0 $0 $0
CYNTHIA WARREN MEMBER AT LARGE 0.50
Director
$0 $0 $0
DEBRA CLINTON PRESIDENT 0.50
Officer Director
$0 $0 $0
WENDY NOVICOFF PRESIDENT-ELECT 0.50
Officer Director
$0 $0 $0
MATT ARMENTROUT VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
TAYLOR BERNARD SECRETARY 0.50
Officer Director
$0 $0 $0
JEFF PRICE TREASURER 0.50
Officer Director
$0 $0 $0
MIKE HUDSON PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
JIM ACKLEY PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
CHLOE GREEN INTERIM TREASURER 0.50
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
2020 $40,404 $68,510 $15,641 $-28,106
2019 $217,944 $243,770 $31,236 $-25,826
2018 $240,149 $225,978 $57,062 $14,171
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