Nonprofit · EIN 88-1731605
VAULT THEATRE LIMITED
Tax-exempt · DURHAM, NC 27707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-EZ | $173,729 | $182,538 | -$8,809 | $22,994 | – | $22,994 |
| May 31, 2024 | 990-EZ | $99,867 | $79,920 | $19,947 | $31,803 | – | $31,803 |
Financial details: 990-EZ for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $9,905
- Program service revenue
- $163,824
Expenses
- Compensation of officers, directors and key employees
- $37,500
- Salaries, compensation and benefits (total)
- $71,817
- Professional fees and payments to contractors
- $42,024
- Occupancy
- $46,503
- Printing, publications and postage
- $1,289
- Other expenses
- $20,905
- Program services (functional)
- $132,189
Balance sheet and other
- Total assets, start of year
- $31,803
- Total assets, end of year
- $22,994
- Total liabilities, end of year
- –
- Net assets, end of year
- $22,994
- Cash, savings and investments
- $22,994
- Gross receipts
- $173,729
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lauren Sale | Producing Artistic Director | 40 | $37,500 | $3,867 |
| Katherine Swimm | Board Secretary | 1 | $0 | – |
| Danni Dichito | Board Treasurer | 1 | $0 | – |
990-EZ for the year ended May 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lauren Sale | Producing Artistic Director | 20 | $14,024 |
| Danni Dichito | Treasurer | 1 | $0 |
| Katie Swimm | Secretary | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4221 GARRETT ROAD, DURHAM, NC 27707-3467
- Mailing address (990-N for 2022)
- 600 Park Offices Dr, DURHAM NC 27709
- Principal officer (990-N for 2022)
- Lauren Sale, 2517 N Roxboro St, Durham NC 27704
- Signed the 990-EZ
- Lauren Sale, Producing Artistic Director
- Phone
- (919) 886-4584
- Website
- https://www.vaulttheatre.org
Mission
Vault Theatre creates high-quality theatre programming with, for, and by young artists in North Carolina. We help students explore their creative potential through arts-integration in schools, onstage performances, and innovative theatre productions.
Program accomplishments
- Professional Theatre for Young Audiences reached school and family audiences of 3472 people.Expenses $16,205 · grants $4,309
- Classes and Camps served 412 young artists with 1680 family and friends supporting by attending final performances.Expenses $97,538 · grants $1,775
- School Enrichment reached 723 students and teachers through school partnerships.Expenses $18,446
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-EZ on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-1731605
- 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
- 2022
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $22,994
- Income (IRS master file)
- $173,729
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | May 2025 | $173,729 | $182,538 | $22,994 | XML |
| 990-EZ | May 2024 | $99,867 | $79,920 | $31,803 | XML |
| 990-N for 2022 Officer: Lauren Sale | May 31, 2023 | ≤ $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 88-1731605).
Questions about VAULT THEATRE LIMITED
- What is the EIN of VAULT THEATRE LIMITED?
- The employer identification number (EIN) of VAULT THEATRE LIMITED is 88-1731605.
- Is VAULT THEATRE LIMITED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to VAULT THEATRE LIMITED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VAULT THEATRE LIMITED 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 VAULT THEATRE LIMITED due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VAULT THEATRE LIMITED last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended May 2025.
- Who is the principal officer of VAULT THEATRE LIMITED?
- The 990-N for 2022 names Lauren Sale.
- Who are the officers and directors of VAULT THEATRE LIMITED?
- The 990-EZ for the year ended May 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $37,500 (Lauren Sale, Producing Artistic Director).
- How much revenue does VAULT THEATRE LIMITED have?
- On its 990-EZ for the year ended May 31, 2025 it reported revenue of $173,729, expenses of $182,538 and total assets of $22,994 at year end.
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