State Theatre Company
Nonprofit profile at a glance
- EIN
- 742243193
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Austin, TX, USA
- Phone
- 5124722901
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $87,566
- Expenses
- $75,765
- Assets
- $2,956,552
- Liabilities
- $1,272
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- GRACE RENBARGER (PRESIDENT)
- H JAMES RITTS III (SECRETARY/CEO)
Highest reported compensation
- H JAMES RITTS III (SECRETARY/CEO): $393,650 total reported compensation
- SANDRA HILL (CHIEF FINANCIAL OFFICER): $220,039 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We're here to inspire generations. We connect people and strengthen community by showcasing unforgettable performances across genres, providing life-changing arts education programs, and dreaming up magical experiences in iconic venues that anchor and define downtown austin.
What it reported doing in 2024
The stateside theatre, constructed in 1935 as austin's first venue built specifically to show motion pictures, is an understated but essential piece of austin history and the austin theatre alliance's current role in the local arts community. It was last renovated in the 1980s and has a maximum occupancy of 310. The stateside theatre provides an intimate, accessible space for local arts organizations to rent, up-and-coming musicians to launch into larger markets, and for the organization to host community events and try new, innovative ideas. Like the paramount, the stateside theatre also supports the many programs of the austin theatre alliance including the paramount education programs, the moontower just for laughs comedy festival, the summer classic film series, and community access programs; hosts world premieres of sxsw, austin film festival, and beyond; and works with experts to ensure the careful preservation of austin history.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 60
- Accountability: 76
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- 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: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 24th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.5%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 39.02; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 48.8%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $76K in reported program spending
- Leadership: top reported pay $394K · 5 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.