Theatre of Dare
Nonprofit profile at a glance
- EIN
- 582018107
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Kill Devil Hl, NC, USA
- Phone
- 0000000000
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $153,495
- Expenses
- $118,016
- Assets
- $152,672
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Evan Tillett (President)
- Damon Horak (Vice President)
- Kelsey Thompson (Executive Director)
People named in this filing
- Evan Tillett (President)
- Damon Horak (Vice President)
- Stephanie Harkness (Secretary)
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
Theatre of Dare is an organization that shall study teach and promote theatre in all its phases by providing a practical yet experimental environment for the creative artist and technician by creating and presenting quality productions in a professional manner that will offer challenge to the talents and skills available in the community and ultimately by providing entertainment and enlightenment of the viewer through the use of dramatic form We also contribute to students graduating from high school or are currently in college who are pursuing a degree in the performing arts through our scholarship foundation
What it reported doing in 2024
Theatre of Dare produced an eight show season for the 2024-2025 year These productions included two musicals Lizzie and 9 to 5 the Musical two comedies Social Security The Shark is Broken one thriller Misery and two dramas Now Then and Significant Other from September through August There were a total of 7111 patrons who attended these productions
Operating model
- Revenue model
- Other-operating. 86% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 84% 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 - The filed numbers largely add up and program spending has grown recently. 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: 44
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.2%; rating input score 40
- Program expense ratio: 52.3%; rating input score 52
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 23.1%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 1.29; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 24.9%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 13.1% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 11.6% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 23.7% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 40.2% of revenue deployed · 52.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $62K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- Review — Financial Efficiency: Program expense ratio scored 52/100.
- High — Sustainability: Officer compensation ratio scored 14/100.