Heart of Texas Childrens Theatre

Nonprofit profile at a glance

EIN
871290757
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023
Location
Woodway, TX, USA
Phone
5039700347
Rating
97
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$46,151
Expenses
$45,154
Assets
$14,802
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Joey Oglesby (Board President)
  • Austin Hooper (Board Vice President)

People named in this filing

  • Joey Oglesby (Board President)
  • Austin Hooper (Board Vice President)
  • Rebecca Shivers (Secretary)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

It is the mission of Heart of Texas Children's Theatre to create experiences that enrich and empower children from all backgrounds by providing families and schools access to exceptional, professional theatre for young audiences within their local community.

What it reported doing in 2023

Completed one grand show of School House Rock Live which we were able to gift over 500 free tickets to local schools. We also continued our educational programming and gifted 15 students at no cost.

Operating model

Revenue model
Donor-supported. 68% 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.

The verdict

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

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.8%; rating input score 98
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 2.2%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 115% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 83.7% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 77.6% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 97.8% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $45K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.