CHELSEA ART THEATER INC

EIN: 824309682 501(c)(3) Arts, Culture & Humanities

Chapel Hill, NC

Total Revenue
$910,603
Total Expenses
$832,493
Total Assets
$622,448
Net Assets
$458,734
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NC
Principal Officer
Alexander Roth
Phone
9199298428
Tax Period
2025-01-01 to 2025-12-31

CHELSEA ART THEATER INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $911K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $832K left a modest 9% surplus.

Mission

The mission of the Chelsea Theater is to entertain, educate and engage through film to enrich our diverse community.

Program Service Accomplishments

Program 1
Expenses: $709,676 Revenue: $728,799

In 2025, The Chelsea Theater continued its mission to entertain, inspire, and engage through film. As the Triangle's only nonprofit dedicated exclusively to film presentation and learning, the...

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In 2025, The Chelsea Theater continued its mission to entertain, inspire, and engage through film. As the Triangle's only nonprofit dedicated exclusively to film presentation and learning, the Chelsea welcomed more than 51,000 patrons for independent, international, documentary, and classic films The Theater presented a diverse year-round schedule of screenings, filmmaker conversations, educational programs, partnerships with local organizations, and community events designed to foster dialogue, cultural understanding, and lifelong learning. Signature programs included The Doc Is In documentary series, Chelsea Classics summer film series, late-night and repertory screenings, public discussions, and the annual Jewish Film Festival and Cosmic Rays Festival. In addition to regular programming, the Chelsea expanded community partnerships and audience engagement efforts while undertaking significant technology improvements to maintain high-quality cinematic presentation. Support from members, donors, sponsors, foundations, and volunteers helped sustain the theater as a cultural gathering place and educational resource for the broader community. The Chelsea remains committed to ensuring access to meaningful film experiences that strengthen community connection, encourage thoughtful conversation, and celebrate the art of cinema.

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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 (2025)

Revenue Breakdown

Contributions & Grants $220,677
Program Service Revenue $676,314
Investment Income $7,672
Other Revenue $5,940
TOTAL REVENUE $910,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $270,705
Fundraising Expenses $58,054
Program Expenses $709,676
Other Expenses $561,788
TOTAL EXPENSES $832,493

Year-over-Year Comparison

2025 2024 Change
Revenue $910,603 $736,812 +0.2%
Expenses $832,493 $707,727 +0.2%
Net Income $78,110 $29,085 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
17
Volunteers
20

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
15
$42,495
Key Employees
1
$42,495
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Emily Kaas Executive Director 25
Director Key Emp
$42,495 $0 $42,495
Patricia Blau Treasurer 10
Officer Director
$0 $0 $0
Gary Boehm At large 2
Director
$0 $0 $0
Linda Luftig Past Board Chair 2
Director
$0 $0 $0
Max Nobel At large 2
Director
$0 $0 $0
Joe Dirr Assistant Treasurer 2
Officer Director
$0 $0 $0
Bryan Gilliam At Large 2
Director
$0 $0 $0
Anna Thorp At Large 2
Director
$0 $0 $0
Alexander Roth Chair 5
Officer Director
$0 $0 $0
Bonnie Bevan Emeritus 2
Director
$0 $0 $0
Abby Zarkin Secretary 5
Officer Director
$0 $0 $0
Lisa Ruckdeschel At Large 2
Director
$0 $0 $0
Sarah Nicholson Vice Chair 2
Officer Director
$0 $0 $0
Andrea Richards At Large 2
Director
$0 $0 $0
Charles Humble Emeritus 2
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 $910,603 $832,493 $622,448 $78,110
2024 No data No data No data No data
2023 $630,913 $608,924 $441,410 $21,989
2022 $429,960 $472,244 $412,730 $-42,284
2021 $578,096 $360,996 $465,392 $217,100
2020 $377,140 $362,371 $240,958 $14,769
2019 $557,930 $527,397 $160,549 $30,533
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