Nonprofit · EIN 86-1460904
THEATRE GAP INITIATIVE
Tax-exempt · MATTHEWS, NC 28105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $362,664 | $387,933 | -$25,269 | $40,375 | $71,375 | -$31,000 |
| June 30, 2024 | 990 | $391,298 | $326,731 | $64,567 | $47,590 | $53,321 | -$5,731 |
| June 30, 2023 | 990 | $221,541 | $248,409 | -$26,868 | $33,702 | $4,000 | $29,702 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $239,287
- of which government grants
- $25,000
- Program service revenue
- $123,377
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $136,842
- Salaries, compensation and benefits (total)
- $148,395
- Professional fundraising fees
- $11,699
- Accounting fees
- $500
- Travel
- $56,227
- Program services (functional)
- $218,257
- Management and general (functional)
- $157,977
- Fundraising (functional)
- $11,699
Balance sheet and other
- Total assets, start of year
- $47,590
- Total assets, end of year
- $40,375
- Total liabilities, end of year
- $71,375
- Net assets, end of year
- -$31,000
- Gross receipts
- $362,664
- Employees
- 3
- Year formed
- 2022
- 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 |
|---|---|---|---|
| Sharon Washington | President Trustee or director | 0 | $0 |
| Will Teichman | Member Trustee or director | 0 | $0 |
| Elizabeth Nucci | Member Trustee or director | 0 | $0 |
| Mark Wade | Member Trustee or director | 0 | $0 |
| Ann Todd | Member Trustee or director | 0 | $0 |
| Robin Simmons Blackwell | Member Trustee or director | 0 | $0 |
| Mekhai Lee | Member Trustee or director | 0 | $0 |
| Rick Edinger | Member Trustee or director | 0 | $0 |
| Desirae Thomas | Member Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sharon Washington | President Trustee or director | 0 | $0 |
| Joe Deer | Vice President Trustee or director | 0 | $0 |
| Ann Todd | Treasurer Trustee or director | 0 | $0 |
| Marti Head | Secretary Trustee or director | 0 | $0 |
| Kobi Brinson | Board Member Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sharon Washington | President Trustee or director | 0 | $0 |
| Joe Deer | Vice President Trustee or director | 0 | $0 |
| Ann Todd | Treasurer Trustee or director | 0 | $0 |
| Marti Head | Secretary Trustee or director | 0 | $0 |
| Kobi Brinson | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3415 CHARDMORE DR, MATTHEWS, NC 28105-4452
- In care of
- % COREY MITCHELL
- Principal officer (990 for 2024)
- Corey Mitchell
- Signed the 990
- Corey Mitchell, Founder
- Phone
- (704) 763-6086
- Website
- theatregap.org
- Return prepared by
- MILLER MCNEISH & BREEDLOVE PLLC
Mission
The Theatre Gap Initiative (TGI) is a nonprofit college-prep program for high school graduates who aspire to apply for Bachelor of Fine Arts (BFA) and conservatory programs. TGI's programming, launched in 2021, is focused on helping students of color and those who are economically disadvantaged successfully navigate the process of applications, prescreens, and auditions. In addition to theatre-arts instruction, TGI students also receive guidance with college preparation, including access to financial aid and college admissions counselors and classes on stress management, budgeting, time management, and conflict resolution.
Program accomplishments
- College-prep program for high school graduates who aspire to apply for Bachelor of Fine Arts (BFA) and conservatory programs. TGI's programming is focused on helpingstudents of color successfully navigate the process of applications, prescreens, and auditions.Expenses $218,257
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
- 86-1460904
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $40,375
- Income (IRS master file)
- $362,664
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $362,664 | $387,933 | $40,375 | XML |
| 990 | June 2024 | $391,298 | $326,731 | $47,590 | XML |
| 990 | June 2023 | $221,541 | $248,409 | $33,702 | XML |
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 86-1460904).
Questions about THEATRE GAP INITIATIVE
- What is the EIN of THEATRE GAP INITIATIVE?
- The employer identification number (EIN) of THEATRE GAP INITIATIVE is 86-1460904.
- Is THEATRE GAP INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to THEATRE GAP INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THEATRE GAP INITIATIVE 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 THEATRE GAP INITIATIVE 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 THEATRE GAP INITIATIVE 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 THEATRE GAP INITIATIVE?
- The 990 for the year ended June 30, 2025 names Corey Mitchell.
- Who are the officers and directors of THEATRE GAP INITIATIVE?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does THEATRE GAP INITIATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $362,664, expenses of $387,933 and total assets of $40,375 at year end.
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All nonprofits in MATTHEWS · North Carolina · Arts, culture and humanities