Open Circle Theatre Inc
Nonprofit profile at a glance
- EIN
- 200978640
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Rockville, MD, USA
- Phone
- 2406838934
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $177,550
- Expenses
- $107,301
- Assets
- $104,729
- Liabilities
- $1,303
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- KATE KILBANE (PRESIDENT)
- SERGE DELPIERRE (VICE PRESIDENT)
People named in this filing
- ELVER ARIZA-SILVA (DIRECTOR)
- ALEXANDER FITZGERALD (DIRECTOR)
- ABIOLA HAROUN (DIRECTOR)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of open theatre, inc (oct) is to be a place where artists with and without disabilities can be mentored, receive training, and reach their professional potential in theater arts. Oct involves artists with disabilities in all aspects of the organization - programmatic, production, administrative and management. Oct goal is to utilize the considerable talents of these artists to create professional theatrical productions, and serve as a vital resource to expand the cultural and vocational opportunities for residents of the Washington, dc community, with particular attention to people with disabilities.another goal of the oct is to provide accommodations for patrons with disabilities to fully experience the breadth of its artistic work.
What it reported doing in 2024
Theatrical productions and perfomances.
Operating model
- Revenue model
- Donor-supported. 93% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 100
- Sustainability: 71
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.4%; rating input score 60
- 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: 39.6%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 60.4% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $107K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.