Hattiloo Theatre
Nonprofit profile at a glance
- EIN
- 204225394
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Memphis, TN, USA
- Phone
- 9015023486
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $1,742,190
- Expenses
- $1,977,062
- Assets
- $5,918,001
- Liabilities
- $82,351
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- EKUNDAYO BANDELE (EXECUTIVE DIRECTOR)
Highest reported compensation
- EKUNDAYO BANDELE (EXECUTIVE DIRECTOR): $210,160 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hattiloo theatre is dedicated to cultivation and appreciation of the black drama arts and is established to develop a black theatre that is accessble, reflective and relevant of the multicultural community for memphis.
What it reported doing in 2024
Hattiloo theatre was founded in 2006, in memphis tn in a storefront. Hattiloo theatre produces annual seasons of seven plays/musicals that provide audiences a contextual understanding of black life. Rooted in black storytelling, hattiloo's activities are a diametrical response to american theatre that has largely and historically been conceived as a white american art form designed to tell the stories of white americans. Hattiloo's programs shift inaccuracies around black identity, while showcasing the best that black theatre has to offer.hattiloo is one of seven free-standing black theatres in the nation, and the only one in the mid south. As such, it serves as the preeminent supportive space for southern black artists to hone their talents as they articulate the struggle, triumph, and beauty of black life through their craft. Hattiloo uses the power of unapologetic black storytelling to empower residents who live in "cultural deserts", whose voices deepen the region's cultural narrative. Hattiloo also serves as a beacon of cultural progress in memphis, challenging some misconceptions of what it means to be southern and black.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 70
- Accountability: 74
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.2%; rating input score 86
- Program expense ratio: 75.9%; rating input score 76
- Fundraising efficiency: $5.29 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -13.5%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 2.99; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 10.6%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 7.7% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 86.2% of revenue deployed · 75.9% of spending went to programs
- Governance: 10 of 10 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.5M in reported program spending
- Leadership: top reported pay $210K · 11 people listed · 1 of 6 pay-setting controls reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2011 to 2024
- 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.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 19/100.
- High — Sustainability: Operating margin scored 14/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.