CAROLINA THEATRE OF GREENSBORO INC Charity Report

Public IRS 990 nonprofit record

CAROLINA THEATRE OF GREENSBORO INC

EIN 04-3781645 · Performing Arts Centers (A61)

What they do

PRESENTING ARTS - PRESERVING HISTORY - PROMOTING COMMUNITY. OUR PURPOSE: THE CAROLINA THEATRE PROVIDES A CUTTING-EDGE PERFORMANCE, FILM, and RENTAL VENUE, HOUSED WITHIN A CENTURY-OLD VAUDEVILLE THEATER. WE WORK TIRELESSLY to PRESERVE OUR UNIQUE and ARCHITECTURALLY SIGNIFICANT BUILDING WHILE ALSO PROVIDING PERFORMERS and AUDIENCES WITH A STATE-OF-THE-ART ENTERTAINMENT FACILITY. WE PARTNER WITH COMMUNITY ORGANIZATIONS to PROVIDE DIVERSE PROGRAMMING and VALUABLE EDUCATIONAL OPPORTUNITIES. WE ARE COMMITTED to ENHANCING DOWNTOWN GREENSBORO BY OFFERING INCREDIBLE PERFORMING ARTS PROGRAMMING WHILE, AT THE SAME TIME, SERVING AS STEWARDS of OUR LANDMARK BUILDING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

98.92%of revenue went to mission work80.5% of expenses · Program services

6.97%of revenue went to fundraising5.7% of expenses

$122.91spent for every $100 of revenueSpending was higher than revenue this year.

17.02%of revenue went to management and office costs13.9% of expenses

$3.63in assets for every $1 spent this yearSome assets cannot be spent right away.

26.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $363,402 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $147,708 for ALEXANDRA ARPAJIAN (INCOMING EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,586,064

Mission workProgram services$1,568,96398.92% of revenue80.5% of expenses

ManagementOffice and general costs$270,00417.02% of revenue13.9% of expenses

FundraisingAsking for donations$110,4996.97% of revenue5.7% of expenses

Total expenses$1,949,466122.91% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.5% mission · 13.9% management · 5.7% fundraisingTotal expenses: 122.91% of revenue

2023Expense mix: 80.4% mission · 14.6% management · 5.0% fundraisingTotal expenses: 120.52% of revenue

2022Expense mix: 80.0% mission · 14.1% management · 5.9% fundraisingTotal expenses: 91.84% of revenue

2021Expense mix: 77.1% mission · 14.7% management · 8.2% fundraisingTotal expenses: 82.51% of revenue

2020Expense mix: 79.2% mission · 13.4% management · 7.3% fundraisingTotal expenses: 75.52% of revenue

2019Expense mix: 78.8% mission · 13.5% management · 7.8% fundraisingTotal expenses: 130.22% of revenue

2018Expense mix: 79.7% mission · 13.3% management · 7.0% fundraisingTotal expenses: 94.03% of revenue

2017Expense mix: 75.2% mission · 12.7% management · 12.1% fundraisingTotal expenses: 71.78% of revenue

Money in and money out

Revenue$1,586,064

Expenses$1,949,466

Annual shortfall $363,402 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,568,963 · 80.5% of expenses

Management and office costs$270,004 · 13.9% of expenses

Fundraising$110,499 · 5.7% of expenses

See all reported dollar amounts

Revenue$1,586,064

Expenses$1,949,466

Assets$7,068,288

Income$1,749,028

Contributions$415,034

Mission work (program services)$1,568,963

Fundraising$110,499

Management and general$270,004

Stocks and bonds$44,061

Accounting fees$18,380

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ALEXANDRA ARPAJIANINCOMING EXECUTIVE DIRECTOR · 40 hrs/week $147,708Base $111,463 · Other $36,245

BRIAN GRAYOUTGOING EXECUTIVE DIRECTOR · 40 hrs/week $147,707Base $99,859 · Other $47,848

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

ALEXANDRA ARPAJIANINCOMING EXECUTIVE DIRECTOR

BRIAN GRAYOUTGOING EXECUTIVE DIRECTOR

FELTON FOUSHEEDIRECTOR

WRIGHT VARNDIRECTOR

WILMOT JONESTREASURER

STEVE FREYALDENHOVENVICE CHAIR

RENEE HICKS WALKERDIRECTOR

REGINA GLASPIEVICE CHAIR

NANCY HOFFMANNDIRECTOR

MIGUEL A BRITO JRDIRECTOR

LES MARTINDIRECTOR

JOHN W GRAHAMVICE CHAIR

JIM EVERHARTDIRECTOR

JACE STRANDBERGVICE CHAIR

IRISH SPENCERDIRECTOR

GINA URESTIDIRECTOR

ERICA PARKERDIRECTOR

DON VAUGHANDIRECTOR

DAVIS MCDONALDDIRECTOR

COOPER HARRELLVICE CHAIR

CLAY HOWARDDIRECTOR

CHIP HAASDIRECTOR

BRUCE MCCLUNGDIRECTOR

BETTY CONEHONORARY CHAIR

ASHLEY CONEDIRECTOR

ALTINA LAYMANCHAIR

ALICIA WILLIAMSSECRETARY

About this charity

Recognized since: January 2004
Location: 310 S GREENE ST, GREENSBORO, NC 27401-2616
County: Guilford
In care of: % CHARLES BRUMMITT
Primary officer: ALEXANDRA ARPAJIAN, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailboxoffice@carolinatheatre.com Phone(336) 333-2600

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BERNARD ROBINSON & COMPANY LLP
NTEE classification: Performing Arts Centers (A61)
IRS tax category: Performing Arts Centers