Nonprofit · EIN 03-0456341
TRUE COLORS THEATRE COMPANY
Tax-exempt · ATLANTA, GA 30318
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $1,228,578 | $1,663,081 | -$434,503 | $899,629 | $302,650 | $596,979 |
| July 31, 2024 | 990 | $1,543,295 | $1,356,023 | $187,272 | $1,326,304 | $294,822 | $1,031,482 |
| July 31, 2023 | 990 | $1,113,897 | $1,663,071 | -$549,174 | $1,176,325 | $317,867 | $858,458 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $818,292
- of which government grants
- $177,596
- Program service revenue
- $362,625
- Investment income
- $47,661
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $538,169
- Salaries, compensation and benefits (total)
- $591,425
- Professional fundraising fees
- $0
- Accounting fees
- $13,793
- Occupancy
- $62,874
- Travel
- $26,764
- Program services (functional)
- $1,365,430
- Management and general (functional)
- $297,651
Balance sheet and other
- Total assets, start of year
- $1,326,304
- Total assets, end of year
- $899,629
- Total liabilities, end of year
- $302,650
- Net assets, end of year
- $596,979
- Net assets without donor restrictions
- $457,539
- Net assets with donor restrictions
- $139,440
- Gross receipts
- $1,228,578
- Employees
- 11
- Volunteers
- 3
- Year formed
- 2002
- State of legal domicile
- GA
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARANIE BROWN | DIRECTOR Trustee or director | 1 | $0 |
| JIM DUDUKOVICH | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER ESCOBAR | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY FRIESEN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| OMARI HENDERSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RODNEY MAYS | DIRECTOR Trustee or director | 1 | $0 |
| JEFF NELSON | DIRECTOR Trustee or director | 1 | $0 |
| MIKE SCHLEIFER | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN SIMMONS | TREASURER Trustee or director, Officer | 1 | $0 |
| LESLIE V WALKER | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended July 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARANIE BROWN | DIRECTOR Trustee or director | – | $0 |
| JIM DUDUKOVICH | DIRECTOR Trustee or director | – | $0 |
| TIFFANY FRIESEN | VICE PRESIDE Trustee or director, Officer | – | $0 |
| OMARI HENDERSON | PRESIDENT Trustee or director, Officer | – | $0 |
| RODNEY MAYS | DIRECTOR Trustee or director | – | $0 |
| JEFF NELSON | DIRECTOR Trustee or director | – | $0 |
| MIKE SCHLEIFER | DIRECTOR Trustee or director | – | $0 |
| JORDAN SILTON | DIRECTOR Trustee or director | – | $0 |
| STEVEN SIMMONS | TREASURER Trustee or director, Officer | – | $0 |
| LESLIE V WALKER | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended July 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY ADAMS | TRUSTEE Trustee or director | 1 | $0 |
| CHANDRA STEPHENS ALBRIGHT | MANAGING DIR Trustee or director | 40 | $0 |
| MARANIE BROWN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| DEXTER CONNER | TRUSTEE Trustee or director | 1 | $0 |
| TIFFANY FRIESEN | TRUSTEE Trustee or director | 1 | $0 |
| OMARI HENDERSON | TRUSTEE Trustee or director | 1 | $0 |
| JAMIL JUDE | ARTISTIC DIR Trustee or director | 40 | $0 |
| JEFF NELSON | TRUSTEE Trustee or director | 1 | $0 |
| MIKE SCHLEIFER | TRUSTEE Trustee or director | 1 | $0 |
| ERIC SCHROEDER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID VIGILANTE | TRUSTEE Trustee or director | 1 | $0 |
| LESLIE V WALKER | TRUSTEE Trustee or director | 1 | $0 |
| STEVEN SIMMONS | TREASURER Officer | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1566 DONALD LEE HOLLOWELL PKWY NW A, ATLANTA, GA 30318-5045
- In care of
- % KENNETH LEON
- Principal officer (990 for 2024)
- CHANDRA STEPHENS-ALBRIGHT, 887 WEST MARIETTA STREET, ATLANTA, GA 30318
- Signed the 990
- CHANDRA STEPHENS-ALBRIGHT, MANAGING DIRECTOR
- Phone
- (404) 905-5510
- Website
- WWW.TRUECOLORSTHEATRE.ORG
- Return prepared by
- WILLIAMSON & CO CPAS
Mission
STAGE LIVE PERFORMANCES FOR THE GENERAL PUBLIC, ARTISTIC RESEARCH AND DEVELOPMENT AND PUBLIC RELATIONS AND PUBLIC EDUCATION SURROUNDING STAGE PERFORMANCES.
Program accomplishments
- THE MISSION OF TRUE COLORS THEATRE COMPANY IS TO CELEBRATE THE RICH TRADITION OF BLACK STORYTELLING WHILE GIVING VOICE TO BOLD ARTISTS OF ALL CULTURES.Expenses $1,365,430 · revenue $362,625
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 03-0456341
- 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
- 2002
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $899,629
- Income (IRS master file)
- $1,228,578
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $1,228,578 | $1,663,081 | $899,629 | XML |
| 990 | July 2024 | $1,543,295 | $1,356,023 | $1,326,304 | IRS |
| 990 | July 2023 | $1,113,897 | $1,663,071 | $1,176,325 | XML |
| 990 | July 2022 | $1,520,193 | $1,785,908 | $1,743,511 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 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 03-0456341).
Questions about TRUE COLORS THEATRE COMPANY
- What is the EIN of TRUE COLORS THEATRE COMPANY?
- The employer identification number (EIN) of TRUE COLORS THEATRE COMPANY is 03-0456341.
- Is TRUE COLORS THEATRE COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to TRUE COLORS THEATRE COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUE COLORS THEATRE COMPANY 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 TRUE COLORS THEATRE COMPANY due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUE COLORS THEATRE COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of TRUE COLORS THEATRE COMPANY?
- The 990 for the year ended July 31, 2025 names CHANDRA STEPHENS-ALBRIGHT.
- Who are the officers and directors of TRUE COLORS THEATRE COMPANY?
- The 990 for the year ended July 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does TRUE COLORS THEATRE COMPANY have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $1,228,578, expenses of $1,663,081 and total assets of $899,629 at year end.
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