LITTLE THEATRE OF VIRGINIA BEACH

EIN: 546046779 501(c)(3) Arts, Culture & Humanities

VIRGINIA BEACH, VA

Total Revenue
$343,862
Total Expenses
$277,195
Total Assets
$966,683
Net Assets
$836,164
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
VA
Principal Officer
KAY BURCHER
Phone
7574289233
Tax Period
2023-07-01 to 2024-06-30

LITTLE THEATRE OF VIRGINIA BEACH, founded in 1948, is a small nonprofit in the Arts, Culture & Humanities sector that reported $343K in total revenue in fiscal year 2021. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 36% operating margin.

Mission

THE MISSION OF LITTLE THEATRE OF VIRGINIA BEACH IS TO FOSTER EDUCATIONAL RECREATION FOR ADULTS AND CHILDREN IN THE ALLIED ARTS OF THEATRE; TO CONDUCT A COMMUNITY THEATRE AND TO USE SUCH NECESSARY MEANS AS WILL INSTRUCT AND ELEVATE ITS MEMBERS; TO PROVIDE THE COMMUNITY WITH A YEAR- ROUND SCHEDULE OF LIVE THEATRE PRODUCED TO SERVE THE CULTURAL, EDUCATIONAL AND ENTERTAINMENT NEEDS OF THE COMMUNITY.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $79,391
Program Service Revenue $206,460
Investment Income $16,664
Other Revenue $41,347
TOTAL REVENUE $343,862

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $0
Fundraising Expenses $4,701
Program Expenses $260,164
Other Expenses $275,195
TOTAL EXPENSES $277,195

Year-over-Year Comparison

2023 2022 Change
Revenue $343,862 $446,852 -0.2%
Expenses $277,195 $277,658 0.0%
Net Income $66,667 $169,194 -0.6%
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
19
Independent Members
19
Employees
N/A
Volunteers
275

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
5
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BERRYMAN BUILDING & G 10.00
Director
$0 $0 $0
JAMES BRYAN PRESIDENT 20.00
Officer Director
$0 $0 $0
KAREN BUCHHEIM COSTUMES CHA 10.00
Director
$0 $0 $0
KAY BURCHER VP BUSINESS 20.00
Officer Director
$0 $0 $0
SHERRY FORBES TECHNICAL CO 10.00
Director
$0 $0 $0
ANITA GREGORY BOX OFFICE 10.00
Director
$0 $0 $0
RICHARD KISIELEWSKI BEVERAGE/CON 10.00
Director
$0 $0 $0
SANDY LAWRENCE TREASURER 20.00
Officer Director
$0 $0 $0
MELISSA MANIGLIA PROGRAMS CHA 10.00
Director
$0 $0 $0
JESSICA MCCLANAHAN PUBLIC RELAT 10.00
Director
$0 $0 $0
KATE NICHOLSON VOLUNTEERS C 10.00
Director
$0 $0 $0
DAVID PRESCOTT VP - PRODUCT 15.00
Officer Director
$0 $0 $0
GLEN SEMONES SET COORDINA 10.00
Director
$0 $0 $0
JEFF SENECA PLAY READING 10.00
Director
$0 $0 $0
JESSICA SENECA PROPS CHAIR 10.00
Director
$0 $0 $0
MICHAEL SMILEY MEMBERSHIP C 10.00
Director
$0 $0 $0
MARIS SMITH MARKETING 10.00
Director
$0 $0 $0
LISA STAFFORD SECRETARY 10.00
Officer Director
$0 $0 $0
CAROL SUMMERS COMMUNITY LI 10.00
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
2025 No data No data No data No data
2024 $343,862 $277,195 $966,683 $66,667
2023 $446,852 $277,658 $779,661 $169,194
2022 $343,396 $220,866 $554,950 $122,530
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