CAROLINA THEATRE OF DURHAM INC Charity Report

Public IRS 990 nonprofit record

CAROLINA THEATRE OF DURHAM INC

EIN 56-1759337 · Arts, Culture & Humanities (A65Z)

What they do

The Carolina Theatre is Committed to The Telling of Original, Innovative Stories and Works. We Provide A Platform for Artists to Entertain Through The Creation of Emotional and Educational Experiences That Reshape Hearts and Minds. We Are Dedicated to The Greater Durham and Triangle Area While Serving As A Space to Bring Our Diverse Community Together to Learn About, Participate In, and Celebrate The Arts. Our Education and Outreach Programs Attracted More Than 11,000 Attendees, Including 6,600 K-12 Students, While Film and Live Events Brought More Than 100,000 Audience Members to Our Historic Theater.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $77.70 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 leaders23 people are listed in the latest report.

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

Money made simple

50.30%of revenue went to mission work77.7% of expenses · Program services

5.63%of revenue went to fundraising8.7% of expenses

$64.77spent for every $100 of revenueRevenue covered expenses this year.

8.83%of revenue went to management and office costs13.6% of expenses

$1.89in assets for every $1 spent this yearSome assets cannot be spent right away.

45.7%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.

Pay context: The highest compensation shown in this filing is $180,725 for RANDY MCKAY (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 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$6,951,765

Mission workProgram services$3,496,98050.30% of revenue77.7% of expenses

ManagementOffice and general costs$614,0408.83% of revenue13.6% of expenses

FundraisingAsking for donations$391,3055.63% of revenue8.7% of expenses

Revenue left after expensesReported annual surplus$2,449,44035.23% of revenueShown in gray on the chart

Total expenses$4,502,32564.77% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 77.7% mission · 13.6% management · 8.7% fundraisingTotal expenses: 64.77% of revenue

2023Expense mix: 80.6% mission · 12.1% management · 7.3% fundraisingTotal expenses: 85.49% of revenue

2022Expense mix: 85.4% mission · 7.5% management · 7.1% fundraisingTotal expenses: 82.34% of revenue

2021Expense mix: 72.9% mission · 19.9% management · 7.3% fundraisingTotal expenses: 54.95% of revenue

2020Expense mix: 64.9% mission · 25.9% management · 9.1% fundraisingTotal expenses: 91.31% of revenue

2019Expense mix: 76.5% mission · 15.4% management · 8.1% fundraisingTotal expenses: 111.25% of revenue

2018Expense mix: 80.0% mission · 12.7% management · 7.3% fundraisingTotal expenses: 88.60% of revenue

2017Expense mix: 82.4% mission · 13.9% management · 3.7% fundraisingTotal expenses: 85.06% of revenue

Money in and money out

Revenue$6,951,765

Expenses$4,502,325

Annual surplus $2,449,440 Revenue was higher than expenses 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)$3,496,980 · 77.7% of expenses

Management and office costs$614,040 · 13.6% of expenses

Fundraising$391,305 · 8.7% of expenses

See all reported dollar amounts

Revenue$6,951,765

Expenses$4,502,325

Assets$8,506,071

Income$7,249,231

Contributions$3,180,006

Mission work (program services)$3,496,980

Fundraising$391,305

Grants given$7,509

Average grant$7,509

Management and general$614,040

Executive compensation (total)$222,112

Accounting fees$37,088

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

RANDY MCKAYPRESIDENT & CEO · 40 hrs/week $180,725Base $172,003 · Other $8,722

STEVE LEBOWITZFORMER CFO · 40 hrs/week $74,750Base $74,004 · Other $746

DONALD MILLERCFO · 40 hrs/week $51,272Base $46,784 · Other $4,488

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 (23)

RANDY MCKAYPRESIDENT & CEO

STEVE LEBOWITZFORMER CFO

DONALD MILLERCFO

KATEY RICHIMMEDIATE PAST CHAIR

TYNETTA WALKERCHAIR

STEVE BARTLETTDIRECTOR

SHEENA COOPERDIRECTOR

ROB HALLFORDTREASURER

ROB GOFOURTHDIRECTOR

MIG MURPHY SISTROMDIRECTOR

MICHELLE BURTONDIRECTOR

MATT SPRINGERDIRECTOR

KENNETH HINTONDIRECTOR

ALEXIS VAUGHNDIRECTOR

KASEY DECOSIMOSECRETARY

JOSEPHINE DAVISDIRECTOR

JENNIFER DONNERDIRECTOR

DEIRDRE PEOPLES-GUIONDIRECTOR

DEBBIE MCDERMOTTDIRECTOR

CARL RISTDIRECTOR

BRIAN BUZBYDIRECTOR

ASHLEY PIERACCINIVICE-CHAIR

ANIQA TARIQDIRECTOR

About this charity

Recognized since: January 1996
Location: 309 W MORGAN ST, DURHAM, NC 27701-2119
County: Durham
In care of: % RANDY MCKAY
Primary officer: Randy McKay, President and CEO

How to reach them

WebsiteVisit the charity’s website Emailrebeccalee@carolinatheatre.org Phone(919) 560-3070

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: STANCIL PC
NTEE classification: Arts, Culture & Humanities (A65Z)
IRS tax category: Theater Companies and Dinner Theaters
Grant-giving organization: Yes