Olney Theatre Corporation Inc

Nonprofit profile at a glance

EIN
521149571
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2022
Location
Olney, MD, USA
Phone
3019244485
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$19,261,369
Expenses
$10,077,621
Assets
$39,917,271
Liabilities
$3,166,971

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • DEBBIE ELLINGHAUS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JASON LOEWITH (ARTISTIC DIRECTOR): $212,639 total reported compensation
  • DEBBIE ELLINGHAUS (EXECUTIVE DIRECTOR): $208,276 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation's objectives are the promotion and production of theatrical works, through the presentation of original, classical and experimental play in public and private theatres and auditoriums.

What it reported doing in 2024

Olney theatre center's summertime series, olney outdoors, is performed, on the outdoor root family stage at omi's pavilion. Incorporating local and national acts, the program includes broadway and television stars, locally known and emerging stage performers, nationally and internationally acclaimed tribute bands, concert-versions of new and classic musicals, cabaret salutes to popular music artists, sing alongs, princess parties, petting zoos, and drag shows. Olney theatre's annual free, all-day, open house, "summerfest," occurs during olney outdoors.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 most voting board members are independent. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 70
  • Accountability: 96
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.1%; rating input score 39
  • Program expense ratio: 71.7%; rating input score 72
  • Fundraising efficiency: $32.52 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.8%; rating input score 94; 27th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 47.7%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 3.96; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 23.7% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 39.1% of revenue deployed · 71.7% of spending went to programs
  • Governance: 30 of 32 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $7.2M in reported program spending
  • Leadership: top reported pay $213K · 32 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.