Core Theatre

Nonprofit profile at a glance

EIN
800294535
IRS 990-EZ coverage
2015–2025
Forms available
Form 990-EZ 2025, Form 990-N 2014
Location
Wylie, TX, USA
Phone
2149305338
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Reported finances

Revenue
$158,371
Expenses
$157,560
Assets
$2,213
Liabilities
$68,520

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • James Hansen Prince (Artistic Director/President)

People named in this filing

  • James Hansen Prince (Artistic Director/President)
  • Annette Prince (Dance Instructo/Secretary/Treasurer)
  • Matt Gunther (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are a community theatre providing live plays and conducting dance and acting lessons.

What it reported doing in 2025

WE presented 7 full length plays: A Life in the Theatre, Glass Menagerie, Inferno, Of Mice and Men, She Stoops to Conquer, Southlake, Trial of Ebeneezer Scrooge for a total of 72 performances. We also had 3 nights of Comedy, 9 nights of a sketch comedy group, 3 nights of Improv and 6 nights of music performances. WE also taught Regular Dance classes and acting classes.

Operating model

Revenue model
Earned-program. 61% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.5%; rating input score 99
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 0.5%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 30.96; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 8.8% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 12.7% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 99.5% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $158K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.