Nonprofit · EIN 81-4240396
LIVE OAK THEATRE COMPANY INC
Tax-exempt · BROOKSVILLE, FL 34601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $583,329 | $297,201 | $286,128 | $674,809 | $0 | $674,809 |
| December 31, 2023 | 990 | $281,507 | $246,138 | $35,369 | $641,277 | $252,596 | $388,681 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $282,928
- Program service revenue
- $298,993
- Investment income
- $0
- Other revenue
- $1,408
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $38,331
- Other salaries and wages
- $29,144
- Salaries, compensation and benefits (total)
- $78,075
- Professional fundraising fees
- $0
- Occupancy
- $22,942
- Program services (functional)
- $166,291
- Management and general (functional)
- $107,968
- Fundraising (functional)
- $22,942
Balance sheet and other
- Total assets, start of year
- $641,277
- Total assets, end of year
- $674,809
- Total liabilities, end of year
- $0
- Net assets, end of year
- $674,809
- Land, buildings and equipment
- $500,000
- Gross receipts
- $583,329
- Employees
- 3
- Volunteers
- 300
- Year formed
- 2016
- State of legal domicile
- FL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Randi Olsen | President Officer | 40 | $38,331 |
| Katie Stacy | Director Trustee or director | 1 | $0 |
| Keith Olsen | Director Trustee or director | 5 | $0 |
| Barbara Manuel | Director Trustee or director | 1 | $0 |
| Eric Kessel | Director Trustee or director | 0 | $0 |
| David Steadman | Director Trustee or director | 0 | $0 |
| Ellen Sanborn | Director Trustee or director | 1 | $0 |
| Art Sanborn | Director Trustee or director | 1 | $0 |
| Kristina Mitten | Director Trustee or director | 5 | $0 |
| Vince Vanni | Vice President Officer | 20 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Randi Olsen | President Officer | 40 | $7,376 |
| Katie Stacy | Director Trustee or director | 1 | $0 |
| Keith Olsen | Director Trustee or director | 5 | $0 |
| Barbara Manuel | Director Trustee or director | 1 | $0 |
| Eric Kessel | Director Trustee or director | 1 | $0 |
| David Steadman | Director Trustee or director | 0 | $0 |
| Ellen Sanborn | Director Trustee or director | 1 | $0 |
| Art Sanborn | Director Trustee or director | 1 | $0 |
| Kristina Mitten | Director Trustee or director | 3 | $0 |
| Vince Vanni | Vice President Trustee or director | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 21030 CORTEZ BLVD, BROOKSVILLE, FL 34601-5668
- In care of
- % RANDI OLSEN
- Mailing address (990-N for 2017)
- PO Box 12285, Brooksville FL 34603
- Principal officer (990 for 2024)
- Randi Olsen, 197 Hancock Lake Road, Brooksville, FL 34602
- Principal officer (990-N for 2017)
- Randi Olsen, 197 Hancock Lake Road, Brooksville FL 34602
- Signed the 990
- Randi Olsen, President
- Phone
- (352) 593-0027
- Website
- www.liveoaktheatre.org
Mission
The Live Oak Theatre Company (LOT), a 501 C-3 not-for-profit organization, exists to enrich families, individuals and our community as a whole by providing positive artistic experiences in the performing arts including excellent affordable and edifying family friendly entertainment, performance and educational opportunities for all ages.
Program accomplishments
- Musical Theatre- Live Oak Theatre produced 5 productions as well as special events in 2024 with an average of 100 attendees per performance with casts that ranged from 12 to 55.Expenses $62,781 · revenue $126,348
- Live Oak Conservatory- An educational program service offering classes in music, drama and dance with approximately 150 students enrolled.Expenses $98,560 · revenue $149,002
- Live Oak Summer Camps- We offered the following performing arts camps last summer that covered a variety of disciplines including Improv, Dance, Acting , Musical Theatre and Production with approximately 100 students enrolled.Expenses $4,950 · revenue $23,643
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4240396
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A65)
- Assets (IRS master file)
- $674,809
- Income (IRS master file)
- $583,329
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $583,329 | $297,201 | $674,809 | IRS |
| 990 | December 2023 | $281,507 | $246,138 | $641,277 | XML |
| 990 | December 2022 | $239,342 | $236,445 | $606,414 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: Randi Olsen | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-4240396).
Questions about LIVE OAK THEATRE COMPANY INC
- What is the EIN of LIVE OAK THEATRE COMPANY INC?
- The employer identification number (EIN) of LIVE OAK THEATRE COMPANY INC is 81-4240396.
- Is LIVE OAK THEATRE COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to LIVE OAK THEATRE COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIVE OAK THEATRE COMPANY 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 LIVE OAK THEATRE COMPANY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIVE OAK THEATRE COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIVE OAK THEATRE COMPANY INC?
- The 990 for the year ended December 31, 2024 names Randi Olsen.
- Who are the officers and directors of LIVE OAK THEATRE COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $38,331 (Randi Olsen, President).
- How much revenue does LIVE OAK THEATRE COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $583,329, expenses of $297,201 and total assets of $674,809 at year end.
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