Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 3,887,155 | 5,517,369 | 4,621,450 | 5,915,403 | 3,003,309 | 22,944,686 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 99,272 | 101,754 | 104,298 | 106,905 | 109,578 | 521,807 |
| 4 | Total. Add lines 1 through 3 | 3,986,427 | 5,619,123 | 4,725,748 | 6,022,308 | 3,112,887 | 23,466,493 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 4,006,585 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 19,459,908 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 3,986,427 | 5,619,123 | 4,725,748 | 6,022,308 | 3,112,887 | 23,466,493 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 331,855 | 927,658 | 554,107 | 688,757 | 1,305,617 | 3,807,994 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 42,976 | 58,936 | 83,009 | 52,788 | 66,497 | 304,206 |
| 11 | Total support. Add lines 7 through 10 | 27,578,693 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| Schedule A, Part II, Line 10 Other Income | DESCRIPTION - FUNDRAISING, COLUMN A - 42976.0, COLUMN B - 58936.0, COLUMN C - 72806.0, COLUMN D - 52225.0, COLUMN E - 55185.0, COLUMN F - 282128.0; DESCRIPTION - SALE OF INVENTORY, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 10203.0, COLUMN D - 563.0, COLUMN E - 11312.0, COLUMN F - 22078.0; |
| Software ID: | 24020961 |
| Software Version: | 2024v5.1 |
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 4a Continued from Part III | Moreover, the Theatre aims to do more than create a dynamic where these stories are passively viewed onstage - conversations must be held to show how these issues affect our community as a whole, and how action might be taken to find common ground and equitable social advancement. Rooted in the heart of Indiana, IRT is committed to building a vital, vibrant and informed community through the transformational power of live theatre. IRT produces inclusive, top-quality, professional theatre and community programming to engage, surprise, challenge and entertain members of the whole community. In fulfilling this mission, we have created a rich legacy of more than 300 classic and contemporary productions, ranging from Shakespeare to Shaw to August Wilson. The theatre also has a long-standing commitment to create and present new works, producing 34 world premieres (20 that we commissioned) and four American premieres. Since its founding in 1971, IRT has grown into one of the leading regional theatres in the country, with its national reputation confirmed by prestigious grants from the Joyce Foundation, the Lila Wallace-Reader's Digest Fund, the Theatre Communications Group-Pew Charitable Trusts, the Shubert Foundation, the Kresge Foundation, and multiple awards from the National Endowment for the Arts, totaling more than $640,000. IRT's 2024-25 season offered a wide assortment of programming, from literary classics to hit musicals of the modern age: the season began with two-time Tony Award winning musical THE 25TH ANNUAL PUTNAM COUNTY SPELLING BEE, in which a motley crew of wonderfully unique and impassioned young spellers each yearn to be the next county champion; the beloved CHARLES DICKENS' A CHRISTMAS CAROL, returned to shine a light on the power of kindness and love through one man's journey to redemption; KING JAMES, set during LeBron James' rookie season in Cleveland, offered a warm, surprising, touching comedy about friendship, loyalty, loss; NINA SIMONE: FOUR WOMEN poignantly showed how, in the depths of the Civil Rights struggle, the High Priestess of Soul used song as a means of expressing the nation's anguish-and resilience; A true American classic, THE GLASS MENAGERIE saw playwright Tennessee Williams probe the depths of inescapable memory while looking back at his own family with bittersweet tenderness; and finally, the intrepid thespians of the Cornley Drama Society were more or less ready to raise the curtain on the grandest production the village has ever seen, The Murder at Haversham Manor-until things went from bad to calamitous in THE PLAY THAT GOES WRONG. The Christel DeHaan Student Matinee Program at the IRT allows students of diverse backgrounds to see their lives and concerns brought to life by performers who look like them and represent the complex, multi-cultural world in which they live. The Theatre's successful history of over 40 years of student matinees has shaped generations of Hoosiers, with more than 1.25 million students having seen their first live play at the IRT. The 2024-25 Season saw a total of 20,518 students in attendance, the highest total since the pandemic. IRT's Cohen Education Fund, which offers ticketing underwriting for fiscally challenged students, provided schools $61,630 in support throughout the season, an increase of more than 16% from the previous year, with an average underwriting discount of $7.04 on the already low-priced student tickets. Community connections are strengthened through a range of collaborations, such as work with the Central Indiana Community Foundation and local universities; these relationships have been central to examining racial issues, gender roles, and more through community conversations and panel discussions connected to IRT productions. Additional work has forged relations with the Mayor's Office, Leadership Indianapolis, Women's Fund of Central Indiana, RISE Indy, and others. An effective partnership with Autism Society of Indiana was instrumental in the Theatre's expansion of services to audiences with differing sensory needs. IRT is an active partner in the Access Pass program, offering $5 tickets to families receiving financial assistance through the state. |
| Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS | The Artistic Director and Managing Director are the only individuals compensated by the organization who are considered to be officers; therefore, this question has been answered "no.e that the Managing Director shares responsibility of top management official with the Artistic Director, in addition to serving in the capacity of top financial official. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | The Executive Committee of the Board of Directors consists of the following individuals: Chair of the Board of Directors Vice-Chair of the Board of Directors Secretary of the Board of Directors Treasurer of the Board of Directors Past Chair of the Board of Directors Chair of the audit committee Chair of the investment committee During intervals between meetings of the Board of Directors, the Executive Committee shall have and exercise all of the authority of the Board of Directors in the management of the Corporation, except where prohibited by law. The Executive Committee shall document the minutes of its proceedings to be held and filed with the minutes of the proceedings of the Board of Directors. |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | Julian Harrell-Brooke Dunn - Business relationship, Julian Harrell-Tom Froehle - Business relationship, Brooke Dunn-Tom Froehle - Business relationship, Mark Shaffer-Matt Jones - Business relationship |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | The form 990 is reviewed in detail by the management of the organization. A copy of the full form 990 was provided to every member of the governing body for comments or questions before it was filed with the IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | A conflict of interest questionnaire is completed by each Board member and by members of management annually. The Board Governance committee reviews the questionnaires. Any conflicts are handled by the Board Chair, and any Board member with a potential or actual conflict of interest would abstain from voting on any issues surrounding that conflict. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | The Artistic Director and the Managing Director share the responsibility for the management of the company. Both positions report to and are supervised by the Board of Directors. The Board of Directors has authorized the creation of a governance committee of the board that has responsibility for: 1) setting the annual performance objectives of both the artistic director and managing director, 2) evaluating their performances against those objectives and 3) recommending to the Board of Directors any changes to their annual compensation. In formulating its recommendation to the Board of Directors, the governance committee has access to and periodically refers to salary survey data obtained from comparable theaters across the country from Theatre Communications Group, as well as salary surveys of local not-for-profit organizations. The committee also reviewed other organizations' 990 filings and written contracts for other arts leaders. The governance committee evaluates this data in combination with the performance of the artistic director/managing director and the financial condition of the company. THIS PROCESS WAS LAST UNDERTAKEN DURING JUNE 2025. |
| Form 990, Part VI, Line 19 Required documents available to the public | The organization's governing documents, conflict of interest policy, and financial statements are available upon request. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | Legal Settlment - Total Revenue: 425139, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 425139; Miscellaneous - Total Revenue: 70045, Related or Exempt Function Revenue: 70045, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Beneficial Interest held by others - 306836; Total - 306836; |
| Software ID: | 24020961 |
| Software Version: | 2024v5.1 |