THE NORTH CAROLINA THEATRE Charity Report

Tax-exempt status may be revoked

THE NORTH CAROLINA THEATRE

EIN 56-1072874 · Theater (A65)

What they do

to STRENGTHEN THE CULTURAL VITALITY of THE REGION and CULTIVATE MUSICAL THEATRE APPRECIATION BY PRODUCING OUTSTANDING PROFESSIONAL BROADWAY MUSICALS and DEVELOPING THE NEXT GENERATION of ARTISTS THROUGH YOUTH TRAINING, PERFORMANCE, and OUTREACH PROGRAMS.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

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 checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2022The report may be old. Ask for a newer one.

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

They name their leaders18 people are listed in the latest report.

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

Money made simple

97.27%of revenue went to mission work78.4% of expenses · Program services

9.79%of revenue went to fundraising7.9% of expenses

$124.00spent for every $100 of revenueSpending was higher than revenue this year.

16.95%of revenue went to management and office costs13.7% of expenses

$0.41in assets for every $1 spent this yearSome assets cannot be spent right away.

56.5%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 $838,321 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $187,435 for ELIZABETH DORAN (PRESIDENT & CEO). 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 2022

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$3,493,103

Mission workProgram services$3,397,61497.27% of revenue78.4% of expenses

ManagementOffice and general costs$591,92316.95% of revenue13.7% of expenses

FundraisingAsking for donations$341,8879.79% of revenue7.9% of expenses

Total expenses$4,331,424124.00% 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

2022CurrentExpense mix: 78.4% mission · 13.7% management · 7.9% fundraisingTotal expenses: 124.00% of revenue

2021Expense mix: 71.1% mission · 20.3% management · 8.7% fundraisingTotal expenses: 83.65% of revenue

2020Expense mix: 68.0% mission · 20.0% management · 12.1% fundraisingTotal expenses: 142.11% of revenue

2019Expense mix: 79.5% mission · 12.3% management · 8.1% fundraisingTotal expenses: 114.99% of revenue

2018Expense mix: 75.1% mission · 13.5% management · 11.4% fundraisingTotal expenses: 111.54% of revenue

2017Expense mix: 71.1% mission · 17.0% management · 11.9% fundraisingTotal expenses: 107.10% of revenue

2016Expense mix: 71.5% mission · 17.4% management · 11.2% fundraisingTotal expenses: 80.94% of revenue

Money in and money out

Revenue$3,493,103

Expenses$4,331,424

Annual shortfall $838,321 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)$3,397,614 · 78.4% of expenses

Management and office costs$591,923 · 13.7% of expenses

Fundraising$341,887 · 7.9% of expenses

See all reported dollar amounts

Revenue$3,493,103

Expenses$4,331,424

Assets$1,771,256

Income$3,884,720

Contributions$1,974,259

Mission work (program services)$3,397,614

Fundraising$341,887

Management and general$591,923

Accounting fees$55,368

Investing fees$6,756

People

Leadership and board

Tax year 2022

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

People reported as paid

Person and titleCompensation

ELIZABETH DORANPRESIDENT & CEO · 50 hrs/week $187,435Base $166,462 · Other $20,973

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 (18)

ELIZABETH DORANPRESIDENT & CEO

EMILY FAUSCHBOARD MEMBER

MERRITT ATKINSBOARD MEMBER

LAWRENCE QUINCY MARSHALLMEMBER AT LARGE

KEN SMITHBOARD MEMBER

JOHN ZALOOMSECRETARY

JOANNE M FRUTH MDBOARD MEMBER

JILL HEATHTREASURER AND CHAIR OF FINANCE COMMITTEE

JEFF WEATHERSPOONFORMER BOARD CHAIR

JAYMES FOSTERBOARD MEMBER

ALLEN MASK MDBOARD MEMBER

DEBBIE HAMMERSLACHAIR OF BOARD

CHRISTOPHER D SALEHBOARD MEMBER

CHANDA JANINE BRANCHBOARD MEMBER

CATHERINE DAUBERTCHAIR OF DEVELOPMENT COMMITTEE

CARLA FREDERICKCHAIR OF EDUCATION COMMITTEE

ANNA CHURCHILLVICE CHAIR OF BOARD AND CHAIR OF GOVERNANCE

ANABEL ROSABOARD MEMBER

About this charity

Recognized since: January 1974
Location: 1 E SOUTH ST, RALEIGH, NC 27601-2336
County: Wake
In care of: JAMES LEE
Primary officer: JAMES LEE, INTERIM CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(919) 831-6941

Filing and classification

Latest tax year: 2022
Tax period began: January 1, 2022
Return type: 990
Tax preparer: STANCIL PC
NTEE classification: Theater (A65)
IRS tax category: Theater
Revocation date: May 15, 2026