Nonprofit · EIN 56-1759337
CAROLINA THEATRE OF DURHAM INC
Tax-exempt · DURHAM, NC 27701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,951,765 | $4,502,325 | $2,449,440 | $8,506,071 | $1,653,677 | $6,852,394 |
| June 30, 2024 | 990 | $4,710,587 | $4,026,954 | $683,633 | $6,053,760 | $1,657,376 | $4,396,384 |
| June 30, 2023 | 990 | $3,832,955 | $3,155,987 | $676,968 | $5,614,445 | $1,901,694 | $3,712,751 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,180,006
- of which government grants
- $68,708
- Program service revenue
- $3,233,776
- Investment income
- $143,205
- Net income from fundraising events
- -$43,213
- Net income from sales of inventory
- $436,287
- Other revenue
- $394,778
Expenses
- Grants and similar amounts paid
- $7,509
- Compensation of officers, directors and key employees
- $325,396
- Other salaries and wages
- $1,808,543
- Salaries, compensation and benefits (total)
- $2,495,198
- Professional fundraising fees
- $0
- Legal fees
- $6,559
- Accounting fees
- $37,088
- Occupancy
- $281,994
- Travel
- $32,219
- Depreciation
- $208,795
- Program services (functional)
- $3,496,980
- Management and general (functional)
- $614,040
- Fundraising (functional)
- $391,305
Balance sheet and other
- Total assets, start of year
- $6,053,760
- Total assets, end of year
- $8,506,071
- Total liabilities, end of year
- $1,653,677
- Net assets, end of year
- $6,852,394
- Land, buildings and equipment
- $1,948,079
- Net assets without donor restrictions
- $4,401,771
- Net assets with donor restrictions
- $2,450,623
- Gross receipts
- $7,249,231
- Employees
- 131
- Volunteers
- 250
- Year formed
- 1992
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Randy McKay | President & CEO Officer | 40 | $172,003 | $8,722 |
| Steve Lebowitz | Former CFO Officer | 40 | $74,004 | $746 |
| Donald Miller | CFO Officer | 40 | $46,784 | $4,488 |
| Brian Buzby | Director Trustee or director | 1 | $0 | $0 |
| Debbie McDermott | Director Trustee or director | 1 | $0 | $0 |
| Matt Springer | Director Trustee or director | 1 | $0 | $0 |
| Aniqa Tariq | Director Trustee or director | 1 | $0 | $0 |
| Ashley Pieraccini | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Katey Rich | Immediate Past Chair Trustee or director, Officer | 1 | $0 | $0 |
| Kasey Decosimo | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jennifer Donner | Director Trustee or director | 1 | $0 | $0 |
| Alexis Vaughn | Director Trustee or director | 1 | $0 | $0 |
| Rob GoFourth | Director Trustee or director | 1 | $0 | $0 |
| Kenneth Hinton | Director Trustee or director | 1 | $0 | $0 |
| Mig Murphy Sistrom | Director Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Deirdre Peoples-Guion | Director Trustee or director | 1 | $0 |
| Sheena Cooper | Director Trustee or director | 1 | $0 |
| Michelle Burton | Director Trustee or director | 1 | $0 |
| Steve Bartlett | Director Trustee or director | 1 | $0 |
| Rob Hallford | Treasurer Trustee or director, Officer | 1 | $0 |
| Josephine Davis | Director Trustee or director | 1 | $0 |
| Tynetta Walker | Chair Trustee or director, Officer | 1 | $0 |
| Carl Rist | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Randy McKay | President & CEO Officer | 40 | $150,295 | $8,926 |
| Steve Lebowitz | CFO Officer | 40 | $101,450 | $2,115 |
| Emily Hill | Director Trustee or director | 1 | $0 | $0 |
| Debbie McDermott | Director Trustee or director | 1 | $0 | $0 |
| Alexis Vaughn | Director Trustee or director | 1 | $0 | $0 |
| Bill Brian | Director Trustee or director | 1 | $0 | $0 |
| Ashley Pieraccini | Executive Committee At Large Member Trustee or director | 1 | $0 | $0 |
| Katey Rich | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Kasey Decosimo | Secretary & Chair-Elect Trustee or director, Officer | 1 | $0 | $0 |
| Jennifer Donner | Director Trustee or director | 1 | $0 | $0 |
| DeDreana Freeman | Director Trustee or director | 1 | $0 | $0 |
| Rob GoFourth | Director Trustee or director | 1 | $0 | $0 |
| Kenneth Hinton | Director Trustee or director | 1 | $0 | $0 |
| Mig Murphy Sistrom | Director Trustee or director | 1 | $0 | $0 |
| Deirdre Guion Peoples | Immediate Past Chair Trustee or director | 1 | $0 | $0 |
| Sheena Cooper | Director Trustee or director | 1 | $0 | $0 |
| Nimasheena Burns | Director Trustee or director | 1 | $0 | $0 |
| Steve Bartlett | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Rob Hallford | Director Trustee or director | 1 | $0 | $0 |
| Josephine Davis | Director Trustee or director | 1 | $0 | $0 |
| Tynetta Walker | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Randy McKay | President & CEO Officer | 40 | $135,855 | $7,281 |
| Steve Lebowitz | CFO Officer | 40 | $96,397 | $615 |
| Emily Hill | Immediate Past Chair Trustee or director | 1 | $0 | $0 |
| Debbie McDermott | Director Trustee or director | 1 | $0 | $0 |
| Lexie Vaughn | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Bill Brian | Director Trustee or director | 1 | $0 | $0 |
| Ashley Pieraccini | Development Committee Chair Trustee or director | 1 | $0 | $0 |
| Katey Rich | Secretary & Chair-Elect Trustee or director, Officer | 1 | $0 | $0 |
| Kasey Decosimo | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Donner | Director Trustee or director | 1 | $0 | $0 |
| DeDreana Freeman | Director Trustee or director | 1 | $0 | $0 |
| Rob Gofourth | Director Trustee or director | 1 | $0 | $0 |
| Kenneth Hinton | Director Trustee or director | 1 | $0 | $0 |
| Mig Murphy Sistrom | Director Trustee or director | 1 | $0 | $0 |
| Deirdre Guion Peoples | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Angie Santiago | Director Trustee or director | 1 | $0 | $0 |
| Nimasheena Burns | Director Trustee or director | 1 | $0 | $0 |
| Steve Bartlett | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Josephine Davis | Director Trustee or director | 1 | $0 | $0 |
| Tynetta Walker | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 309 W MORGAN ST, DURHAM, NC 27701-2119
- In care of
- % RANDY MCKAY
- Principal officer (990 for 2024)
- Randy McKay, 309 West Morgan Street, Durham, NC 277012119
- Signed the 990
- Randy McKay, President and CEO
- Phone
- (919) 560-3070
- Website
- www.carolinatheatre.org
- Return prepared by
- Stancil PC
Mission
The Carolina Theatre welcomes everyone. We enrich the experience of audiences through programming that drives the cultural, educational, and economic vitality of the region.
Program accomplishments
- Live Performances: Carolina Theatre of Durham (CTD) is dedicated to presenting vibrant, thought-provoking live performances that contribute to the cultural and economic vitality of downtown Durham and the Triangle area. To this end, CTD presents local and national artists which it books directly or in partnership with other promoters like National Shows 2. CTD hosted 65 Live Performances, selling 43,000 tickets, featuring a diverse array of artists and genres.Expenses $1,271,836 · grants $7,509 · revenue $1,482,272
- Film: CTD presents a wide range of art house current release films and the classic Retro Film Series. In FY 2025, the Retro Film series attracted audiences of about 20,000. Additionally, the film department curates multiple film festivals with screenings seen by more than 8,000 moviegoers, including the Outsouth Queer Film Festival. General Films attracted audiences of about 18,000.Expenses $945,719 · revenue $873,038
- Facility Sharing: CTD rents its venues and provides turnkey technical and box office services to local arts organizations like the Chamber Orchestra of the Triangle, The Savoyards, and the Triangle Youth Ballet. CTD also rents its venues to other promoters enriching and involving our community, like the Full Frame Documentary Film Festival, as well as schools like Durham Tech Community College. CTD hosted 96 rental events in FY 2025.Expenses $834,732 · revenue $1,185,273
- Education and Outreach includes the Arts Discovery Educational Series (ADES) and the Family Saturday Series (FSS). ADES presents performing touring artists to students, PreK-12. CTD provides a limited number of free tickets to the Durham Public School System and discounted tickets for Title One schools and the general public. The FSS presents local performing artists specially selected to appeal to parents and children. In FY 2025 ADES and FSS presented 20 performances, which together with programs like the Sensory Friendly Film Series, masterclasses, and the Confronting Change 10th Anniversary Celebration generated total attendance of about 11,000.Expenses $444,693 · revenue $131,184
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1759337
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A65Z)
- Assets (IRS master file)
- $8,506,071
- Income (IRS master file)
- $7,249,231
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,951,765 | $4,502,325 | $8,506,071 | XML |
| 990 | June 2024 | $4,710,587 | $4,026,954 | $6,053,760 | IRS |
| 990 | June 2023 | $3,832,955 | $3,155,987 | $5,614,445 | XML |
| 990 | June 2022 | $4,794,341 | $2,634,280 | $4,096,389 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1759337).
Questions about CAROLINA THEATRE OF DURHAM INC
- What is the EIN of CAROLINA THEATRE OF DURHAM INC?
- The employer identification number (EIN) of CAROLINA THEATRE OF DURHAM INC is 56-1759337.
- Is CAROLINA THEATRE OF DURHAM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CAROLINA THEATRE OF DURHAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA THEATRE OF DURHAM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAROLINA THEATRE OF DURHAM INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAROLINA THEATRE OF DURHAM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CAROLINA THEATRE OF DURHAM INC?
- The 990 for the year ended June 30, 2025 names Randy McKay.
- Who are the officers and directors of CAROLINA THEATRE OF DURHAM INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 3 received compensation from the organization, the highest $172,003 (Randy McKay, President & CEO).
- How much revenue does CAROLINA THEATRE OF DURHAM INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,951,765, expenses of $4,502,325 and total assets of $8,506,071 at year end.
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All nonprofits in DURHAM · North Carolina · Arts, culture and humanities