Nonprofit · EIN 27-3011240
PENNY SEATS INC
Tax-exempt · ANN ARBOR, MI 48103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $53,048 | $59,534 | -$6,486 | $53,048 | $68,910 | -$15,862 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $30,386
- Program service revenue
- $34
- Investment income
- $105
- Net gain from sales of assets
- $18,162
- Net income from sales of inventory
- $2,290
- Other revenue
- $2,071
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $8,500
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $24,713
- Occupancy
- $19,144
- Printing, publications and postage
- $1,940
- Other expenses
- $13,737
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $53,048
- Total liabilities, end of year
- $68,910
- Net assets, end of year
- -$15,862
- Cash, savings and investments
- $53,048
- Gross receipts
- $53,048
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julia Garlotte | Artistic Director | 30 | $5,000 |
| Amanda Buchalter | Administrative Assistant | 10 | $3,500 |
| Lauren London | Executive Director | 20 | $0 |
| Keith Hood | Board Chair | 1 | $0 |
| Jill Wheaton | Board Secretary | 1 | $0 |
| Marie Todd | Board Vice Chair | 1 | $0 |
| Matthew Cameron | Board Member | 1 | $0 |
| Zachary London | Board Member | 1 | $0 |
| Raymond Buchalter | Board Treasurer | 0 | $0 |
| Malverne Winborne | Board Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2720 WHITE OAK DR, ANN ARBOR, MI 48103-2371
- In care of
- % LAUREN LONDON
- Mailing address (990-N for 2024)
- 2720 White Oak Drive, Ann Arbor MI 48103
- Principal officer (990-N for 2024)
- Lauren London, 2720 White Oak Drive, Ann Arbor MI 48103
- Signed the 990-EZ
- Lauren London, Executive Director
- Phone
- (000) 000-0000
- Website
- www.pennyseats.org
Mission
To enrich and engage the community by creating excellent accessible equitable professional theatre while offering a creative outlet for theatre artists working in Michigan To receive and administer funds and to operate exclusively for charitable scientific literary or educational purposes within the meaning of Section 501c3 of the Internal Revenue Code of 1986 or comparable provisions of subsequent legislation the Code and to give funds and property from time to time to other organizations to be used for held for use directly in carrying out one or more such purposes To acquire own dispose of and deal with real and personal property and interests therein and to apply gifts grants bequests and devises and the proceeds thereof in furtherance of the purposes of the corporation and do such things and to perform such acts to accomplish its purposes as the Board of Directors may determine to be appropriate and as are not forbidden by Section 501c3 of the Code
Program accomplishments
- 0
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 27-3011240
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A65)
- Assets (IRS master file)
- $53,048
- Income (IRS master file)
- $53,048
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $53,048 | $59,534 | $53,048 | IRS |
| 990-N for 2024 Officer: Lauren London | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2023 Officer: Lauren London | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Lauren London | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Lauren London | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Lauren M London | December 31, 2019 | ≤ $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 27-3011240).
Questions about PENNY SEATS INC
- What is the EIN of PENNY SEATS INC?
- The employer identification number (EIN) of PENNY SEATS INC is 27-3011240.
- Is PENNY SEATS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to PENNY SEATS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENNY SEATS 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 PENNY SEATS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENNY SEATS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of PENNY SEATS INC?
- The 990-N for 2024 names Lauren London.
- Who are the officers and directors of PENNY SEATS INC?
- The 990-EZ for the year ended December 31, 2025 lists 10 people; 2 received compensation from the organization, the highest $5,000 (Julia Garlotte, Artistic Director).
- How much revenue does PENNY SEATS INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $53,048, expenses of $59,534 and total assets of $53,048 at year end.
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