Penny Seats Inc
Nonprofit profile at a glance
- EIN
- 273011240
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Ann Arbor, MI, USA
- Phone
- 0000000000
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $53,048
- Expenses
- $59,534
- Assets
- $53,048
- Liabilities
- $68,910
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Lauren London (Executive Director)
People named in this filing
- Julia Garlotte (Artistic Director)
- Lauren London (Executive Director)
- Amanda Buchalter (Administrative Assistant)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enrich and engage the community by creating excellent accessible equitable professional theatre while offering a creative outlet for theatre artists working in Michigan To receive and administer funds and to operate exclusively for charitable scientific literary or educational purposes within the meaning of Section 501c3 of the Internal Revenue Code of 1986 or comparable provisions of subsequent legislation the Code and to give funds and property from time to time to other organizations to be used for held for use directly in carrying out one or more such purposes To acquire own dispose of and deal with real and personal property and interests therein and to apply gifts grants bequests and devises and the proceeds thereof in furtherance of the purposes of the corporation and do such things and to perform such acts to accomplish its purposes as the Board of Directors may determine to be appropriate and as are not forbidden by Section 501c3 of the Code
What it reported doing in 2025
0
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 27
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
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: -12.2%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 1.3; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 14.3%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 9/100.