Real Theatre Company Waco Inc
Nonprofit profile at a glance
- EIN
- 932151740
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025, Form 990-N 2025
- Location
- Robinson, TX, USA
- Phone
- 4403908398
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $42,770
- Expenses
- $41,392
- Assets
- $3,559
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Valerie Kocel (President)
People named in this filing
- Valerie Kocel (President)
- Paul Kocel (Secretary)
- Debbie Mares (Board member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Real Theatre Company exists to enrich our community by providing a safe environment where kids and adults can cultivate their love for performing through education, rehearsal and performance. Our team does this through our three core tenants: 1. Equip RTC equips our students with the right tools, training and time to effectively meet the current and future goals both on and off the stage. 2. Enable The RTC team members are Success Enablers. We remove obstacles, encourage positive behaviors and demonstrate this through mentors, teachers and professional role models. 3. Empower We provide opportunities where students can use their talents to entertain the community and enrich their love for performing arts through showcases, camps, lessons, performances and more.
What it reported doing in 2025
Real Theatre Company provides theatre camp experiences each summer and doesn't turn anyone away due to their inability to pay. We give over $3,000 in scholarships each summer and serve more than 75 students. Each summer we produce 3 musicals and provide 6 shows to the community.
Operating model
- Revenue model
- Other-operating. 64% of the money available for current operations came from other operating revenue.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 90
- Accountability: 30
- Sustainability: 43
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.8%; rating input score 97
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 10th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.2%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.09; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 37.8% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 61.7% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: Limited
Details
- Where the money goes: 96.8% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 3 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $41K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- 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 — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- Review — Sustainability: Operating margin scored 55/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.