Nonprofit · EIN 75-1559945
WATERTOWER THEATRE INC
Tax-exempt · ADDISON, TX 75001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $751,552 | $813,278 | -$61,726 | $101,672 | $272,561 | -$170,889 |
| September 30, 2024 | 990 | $880,393 | $1,098,490 | -$218,097 | $87,302 | $195,216 | -$107,914 |
| September 30, 2023 | 990 | $1,220,056 | $1,120,761 | $99,295 | $248,534 | $127,159 | $121,375 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $457,037
- of which government grants
- $340,000
- Program service revenue
- $253,745
- Investment income
- $421
- Net income from sales of inventory
- $40,349
- Other revenue
- $40,349
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $105,000
- Other salaries and wages
- $109,392
- Salaries, compensation and benefits (total)
- $214,392
- Professional fundraising fees
- $10,623
- Legal fees
- $56
- Accounting fees
- $27,597
- Occupancy
- $38,517
- Depreciation
- $14,277
- Program services (functional)
- $694,395
- Management and general (functional)
- $92,756
- Fundraising (functional)
- $26,127
Balance sheet and other
- Total assets, start of year
- $87,302
- Total assets, end of year
- $101,672
- Total liabilities, end of year
- $272,561
- Net assets, end of year
- -$170,889
- Land, buildings and equipment
- $13,970
- Net assets without donor restrictions
- -$170,889
- Gross receipts
- $762,973
- Employees
- 51
- Volunteers
- 170
- Year formed
- 1977
- State of legal domicile
- TX
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANE PETERMAN | PRODUCING ARTISTIC DIRECTOR Trustee or director, Officer, Key employee, Highest-paid employee | 50 | $105,000 |
| PHILIP A LONGACRE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ANTHONY MAGEE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| REBECCA NEEF | SECRETARY Trustee or director, Officer | 2 | $0 |
| LAUREN BAKER | TREASURER Trustee or director, Officer | 2 | $0 |
| KELLY KIRKENDOLL | DIRECTOR Trustee or director | 2 | $0 |
| BLAKE CLEMENS | DIRECTOR Trustee or director | 2 | $0 |
| BRITTANY WILLIS | DIRECTOR Trustee or director | 2 | $0 |
| MERVYN BENJET | DIRECTOR Trustee or director | 2 | $0 |
| NADIA LOUDON | DIRECTOR Trustee or director | 2 | $0 |
| ROSALIND BENJET | DIRECTOR Trustee or director | 2 | $0 |
| OMID RAHMANI | DIRECTOR Trustee or director | 2 | $0 |
| ELENA ARSOVA | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY HORAN | DIRECTOR Trustee or director | 2 | $0 |
| CRAIG SUTTON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended September 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANE PETERMAN | PRODUCING ARTISTIC DIRECTOR Trustee or director, Officer, Highest-paid employee | 50 | $105,000 |
| NADIA LOUDON | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY HORAN | DIRECTOR Trustee or director | 2 | $0 |
| BARBARA DASEKE | DIRECTOR Trustee or director | 2 | $0 |
| BRITTANY WILLIS | DIRECTOR Trustee or director | 2 | $0 |
| CRAIG SUTTON | DIRECTOR Trustee or director | 2 | $0 |
| TIFFANY RICHMOND | DIRECTOR Trustee or director | 2 | $0 |
| BLAKE CLEMENS | DIRECTOR Trustee or director | 2 | $0 |
| JAEANNETTE JOHNSON | SECRETARY Trustee or director | 2 | $0 |
| MAGGIE VERA | VICE PRESIDENT Trustee or director | 2 | $0 |
| ROSALIND BENJET | DIRECTOR Trustee or director | 2 | $0 |
| BRUCE ARFSTEN | DIRECTOR Trustee or director | 2 | $0 |
| REBECCA NEEF | PRESIDENT Trustee or director | 4 | $0 |
| PHILIP LONGACRE | TREASURER Trustee or director | 4 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANE PETERMAN | MANAGING DIRECTOR Trustee or director, Officer, Highest-paid employee | 50 | $105,000 |
| NADIA LOUDON | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY HORAN | DIRECTOR Trustee or director | 2 | $0 |
| BARBARA DASEKE | DIRECTOR Trustee or director | 2 | $0 |
| BRITTANY WILLIS | DIRECTOR Trustee or director | 2 | $0 |
| CRAIG SUTTON | DIRECTOR Trustee or director | 2 | $0 |
| TIFFANY RICHMOND | DIRECTOR Trustee or director | 2 | $0 |
| BLAKE CLEMENS | DIRECTOR Trustee or director | 2 | $0 |
| JAEANNETTE JOHNSON | SECRETARY Trustee or director | 2 | $0 |
| MAGGIE VERA | VICE PRESIDENT Trustee or director | 2 | $0 |
| ROSALIND BENJET | DIRECTOR Trustee or director | 2 | $0 |
| BRUCE ARFSTEN | DIRECTOR Trustee or director | 2 | $0 |
| REBECCA NEEF | PRESIDENT Trustee or director | 4 | $0 |
| PHILIP LONGACRE | TREASURER Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 15650 ADDISON RD, ADDISON, TX 75001-3285
- Principal officer (990 for 2024)
- J C Schuster, 15650 Addison Road, Addison, TX 75001
- Signed the 990
- J C Shuster, INTERIM PRODUCING ARTISTIC DIRECTOR
- Phone
- (972) 450-6232
- Return prepared by
- Wade R Moran CPA PLLC
Mission
TO CREATE INNOVATIVE, DIVERSE THEATRE THAT BUILDS COMMUNITY BY FOSTERING EMPATHY AND DIALOGUE.
Program accomplishments
- THE THEATRE PROVIDES SEVERAL EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY. A SUMMER CONSERVATORY IMMERSES CHILDREN IN ALL ASPECTS OF THEATRE ARTS FOR TWO WEEKS, AND AN AFTER- SCHOOL PROGRAM OFFERS A UNIQUE WAY FOR STUDENTS TO BE INTRODUCED TO THEATRE. IN ADDITION, ACTING CLASSES ARE OFFERED EACH SEASON TO AREA ACTORS. OTHER EDUCATIONAL OPPORTUNITIES CONSIST OF SUMMER INTERNSHIPS, WHICH EXPOSE YOUNG PROFESSIONALS TO THE DAY-TO-DAY OPERATIONS OF A SMALL PROFESSIONAL THEATRE.Expenses $694,395 · revenue $294,094
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 75-1559945
- 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
- 1977
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A650)
- Assets (IRS master file)
- $87,302
- Income (IRS master file)
- $886,790
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $751,552 | $813,278 | $101,672 | XML |
| 990 | September 2024 | $880,393 | $1,098,490 | $87,302 | XML |
| 990 | September 2023 | $1,220,056 | $1,120,761 | $248,534 | XML |
| 990 | September 2022 | $749,399 | $820,038 | $175,023 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 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 75-1559945).
Questions about WATERTOWER THEATRE INC
- What is the EIN of WATERTOWER THEATRE INC?
- The employer identification number (EIN) of WATERTOWER THEATRE INC is 75-1559945.
- Is WATERTOWER THEATRE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to WATERTOWER THEATRE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERTOWER THEATRE 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 WATERTOWER THEATRE INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERTOWER THEATRE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of WATERTOWER THEATRE INC?
- The 990 for the year ended September 30, 2025 names J C Schuster.
- Who are the officers and directors of WATERTOWER THEATRE INC?
- The 990 for the year ended September 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $105,000 (SHANE PETERMAN, PRODUCING ARTISTIC DIRECTOR).
- How much revenue does WATERTOWER THEATRE INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $751,552, expenses of $813,278 and total assets of $101,672 at year end.
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