Greenville Theatre

Nonprofit profile at a glance

EIN
576001352
IRS 990 coverage
2015–2023
Forms available
Form 990 2023
Location
Greenville, SC, USA
Phone
8642336238
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$1,830,442
Expenses
$2,065,414
Assets
$1,294,454
Liabilities
$935,002

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

18 people listed

Highest reported compensation

  • MAX QUINLAN (EXEC ARTISTI): $100,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To be a significant regional theatre and a leading arts institution which enhances the cultural landscape of upstate sc; to create a unique theatrical experience that ignites the imagination, lifts the spirits, and informs the patron of the human condition; to serve as a training ground and showplace for the many talented theatre artists of the area; to provide the highest possible quality theatre to the citizens of the upstate by breathing new life into the production of classis plays and musicals; to bring the excitement of live theatre to school children across the upstate. To entertain....to celebrate...and to educate

What it reported doing in 2023

The main stage season consists of a six show subscription series. These fully staged, professionally produced productions of traditional theatre provide a high-quality theatre experience for both participants and audiences. Several hundred communit members participate in these productions providing opportunities for local theatre artists - most of whom are not professional actors - that otherwise would not be abailable in the area. Thousands of local residents attending our mainstage shows each season experience near professional quality productions close to home at a reasonable cost. Greenville little theatre strives to provide a complete theatre experience for the community including professional playbill and background information about the author, the play, and the participants. A typical season usually presents at lease one major musical, a comedy, a classic play, a mystery and a christmas show.

Operating model

Revenue model
Other-operating. 68% of the money available for current operations came from other operating 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 23
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66%; rating input score 66
  • Program expense ratio: 58.1%; rating input score 58
  • Fundraising efficiency: $8.87 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.8%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 4.8%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: -0.9% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 0% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: 66% of revenue deployed · 58.1% of spending went to programs
  • Governance: 17 of 17 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $100K · 18 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2015 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 58/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.