Steel Beam Theatre Company

Nonprofit profile at a glance

EIN
364422028
IRS 990 coverage
2012–2017
Forms available
Form 990 2017
Location
St Charles, IL, USA
Phone
6305878521
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$228,676
Expenses
$238,055
Assets
$11,999
Liabilities
$143,836

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • RICHARD WESTPHAL (FORMER BOARD PRESIDENT)
  • JOE BILLQUIST (CURRENT BOARD PRESIDENT)
  • MARGE UHLARIK-BOLLER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MARGE UHLARIK-BOLLER (EXECUTIVE DIRECTOR): $48,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Steel beam theatre (sbt) is an award-winning professional theatre in st. Charles, il, now in its 18th season. The theatre is renowned for presenting a wide variety of main stage and youth theatre programming, including american classics, modern works, new plays, and a full slate of youth performance and educational programming. Sbt is a cultural pillar in the local community and the fox valley region, combining the collaborative talents and creative innovation of actors, designers, directors, and technicians to deliver exhilarating, inspirational and accessible excellence on the stage or in the classroom.

What it reported doing in 2017

Theatre education and outreach - sbt youth theatre education programming teaches story-centric theatre arts education that emphasizes collaboration, invention and transformation, while prepping students to perform with skill and confidence. Youth education classes are offer to ages 5-16 year round, through the sbt studio, a nurturing environment for students where they can explore, be challenged and grow in performance skills. The creative process is a key focus to develop characters and strong performance skills as part of the steel beam mission to bring high-quality theatrical training to the community and groups such as the girl scouts of america. Special summer programming for ages 6-10, 11-13 and 14-19 features improvisational storytelling to create unique theatrical productions.

Operating model

Revenue model
Earned-program. 69% of the money available for current operations came from fees and other program 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. The required major-donor schedule is missing or incomplete and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 75
  • Accountability: 79
  • Sustainability: 18
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.6%; rating input score 94
  • Program expense ratio: 85.9%; rating input score 86
  • 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: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 81.8%; rating input score 82; 20th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: -4.1%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 11.99; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 20.2%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: -6.7% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -12.1% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 93.6% of revenue deployed · 85.9% of spending went to programs
  • Governance: 9 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $204K in reported program spending
  • Leadership: top reported pay $48K · 12 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2012 to 2017
  • Contacts: How to reach this organization
  • Money network: 3 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.