Theatrezone Inc

Nonprofit profile at a glance

EIN
043341328
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Chelsea, MA, USA
Phone
6178872336
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$389,362
Expenses
$460,207
Assets
$1,951,013
Liabilities
$384,877

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • VLADMIR JASPER NOEL (PRESIDENT)

Highest reported compensation

  • DANIELLE JACQUES (TREAS/CLERK): $88,451 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Apollinaire theatre creates unique encounters with plays that inspire and entertain. Our programs -teatro chelsea, apollinaire play lab, apollinaire in the park, resident artist program- complement our production season and cultivate an ecosystem of artists of all ages and career stages in our home for adventurous art, the chelsea theatre works.

What it reported doing in 2024

In 2020 we launched teatro chelsea, a bilingual community theatre project. Each season teatro produces a-tpico, a latinx new play festival, and then produces a world premier of one of the selected plays. Last season they partnered with gloucester stage to present "the hombres" in both gloucester and chelsea, and the production was awarded elliot norton awards for ourstanding production and director. Apollinaire in the park: our free outdoor bilingual summer theatre continues to be one of our most important community programs. By eliminating financial and language barriers, the program offers unparalleled live theatre access to chelsea and area residents and brings the community together for the shared experience of theatre. In 2019 we launched the resident artist program, which supports a select group of performing artists with free space to develop and/or produce and opportunities for the artists to share resources and knowledge. I

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 63
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.5%; rating input score 94
  • Program expense ratio: 79.1%; rating input score 79
  • Fundraising efficiency: $71.63 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -18.2%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 4.24; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 19.2%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 16.4% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 5.8% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 93.5% of revenue deployed · 79.1% of spending went to programs
  • Governance: 5 of 5 board members independent · 1 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $364K in reported program spending
  • Leadership: top reported pay $88K · 5 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 12 filing years from 2012 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.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.