Holmdel Theatre Company Inc
Holmdel Theatre Company: Consistent Community Arts, but Financials Warrant Scrutiny
EIN: 222881735 · Holmdel, NJ · NTEE: A650 · Updated: 2026-04-04
Is Holmdel Theatre Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holmdel Theatre Company Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Holmdel Theatre Company Inc
Holmdel Theatre Company Inc (EIN: 222881735) is a nonprofit organization based in Holmdel, NJ, classified under NTEE code A650. The organization reported total revenue of $157K and total assets of $258K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holmdel Theatre Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holmdel Theatre Company Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Holmdel Theatre Company Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, suggesting it is below the IRS reporting threshold of $100,000 for any single individual, which is positive for a small nonprofit.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Holmdel Theatre Company Inc's IRS 990 filings:
- Total expenses consistently exceed total revenue in recent years (e.g., 2023: revenue $127,972, expenses $131,127; 2022: revenue $105,084, expenses $131,223), indicating a reliance on existing assets or other non-operating income.
- Assets have shown a gradual decline over the past several years, from $263,297 in 2016 to $235,034 in 2023, which could impact long-term sustainability.
- The organization reports no liabilities, which is unusual and may indicate a simplified financial structure or specific accounting practices.
Strengths
The following positive indicators were identified for Holmdel Theatre Company Inc:
- Long-standing presence in the community since at least 2016, demonstrating resilience and commitment to its mission.
- Consistent programming and community engagement as evidenced by its operational history.
- Low administrative and fundraising overhead, allowing a significant portion of funds to be directed towards programs.
Frequently Asked Questions about Holmdel Theatre Company Inc
Is Holmdel Theatre Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Holmdel Theatre Company Inc (EIN: 222881735) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Holmdel Theatre Company Inc spend its money?
Holmdel Theatre Company Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holmdel Theatre Company Inc tax-deductible?
Holmdel Theatre Company Inc is registered as a tax-exempt nonprofit (EIN: 222881735). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Holmdel Theatre Company Inc do?
Holmdel Theatre Company Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Holmdel, New Jersey. It is classified under NTEE code A650.
How much revenue does Holmdel Theatre Company Inc have?
Holmdel Theatre Company Inc reported total revenue of $156,874. Based on 13 IRS 990 filings on record.
What are Holmdel Theatre Company Inc's total assets?
Holmdel Theatre Company Inc holds total assets of $257,853 as reported in IRS 990 filings.
Where is Holmdel Theatre Company Inc located?
Holmdel Theatre Company Inc is based in Holmdel, New Jersey.
What is Holmdel Theatre Company Inc's EIN?
Holmdel Theatre Company Inc's Employer Identification Number (EIN) is 222881735. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Holmdel Theatre Company Inc?
Holmdel Theatre Company Inc is classified under NTEE code A650 (Arts, Culture & Humanities).
Is Holmdel Theatre Company Inc a registered 501(c)(3)?
Yes, Holmdel Theatre Company Inc is recognized as a tax-exempt organization by the IRS. EIN: 222881735.
Does Holmdel Theatre Company Inc file IRS Form 990?
Yes, Holmdel Theatre Company Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Holmdel Theatre Company Inc's revenue in 2023?
In the 202312 filing period, Holmdel Theatre Company Inc reported total revenue of $127,972, total expenses of $131,127, and net assets of $235,034.
Is Holmdel Theatre Company Inc's revenue growing or declining?
Holmdel Theatre Company Inc's revenue is growing. Revenue went from $105,084 (202212) to $127,972 (202312), a +21.8% change. Based on 13 filings on record.
What is Holmdel Theatre Company Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Holmdel Theatre Company Inc covers tax period 202312. It shows revenue of $127,972, expenses of $131,127, total assets of $235,034, and liabilities of N/A.
How much does Holmdel Theatre Company Inc spend on programs vs administration?
Based on IRS 990 analysis, Holmdel Theatre Company Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Holmdel Theatre Company Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Holmdel Theatre Company Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Holmdel Theatre Company Inc?
The following concerns were identified: Total expenses consistently exceed total revenue in recent years (e.g., 2023: revenue $127,972, expenses $131,127; 2022: revenue $105,084, expenses $131,223), indicating a reliance on existing assets or other non-operating income.. Assets have shown a gradual decline over the past several years, from $263,297 in 2016 to $235,034 in 2023, which could impact long-term sustainability.. The organization reports no liabilities, which is unusual and may indicate a simplified financial structure or specific accounting practices.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Holmdel Theatre Company Inc's strengths?
Positive indicators for Holmdel Theatre Company Inc include: Long-standing presence in the community since at least 2016, demonstrating resilience and commitment to its mission.. Consistent programming and community engagement as evidenced by its operational history.. Low administrative and fundraising overhead, allowing a significant portion of funds to be directed towards programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Holmdel Theatre Company Inc compensate executives?
Executive compensation is not reported in the available filings, suggesting it is below the IRS reporting threshold of $100,000 for any single individual, which is positive for a small nonprofit. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Holmdel Theatre Company Inc?
- Financial data is consistently available through IRS Form 990 filings. - The organization's website provides information on its mission, programs, and board of trustees. - No specific impact reports or detailed program outcome metrics are readily available. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent deficit spending, what is the organization's strategy for long-term financial sustainability and asset preservation?
The consistent trend of expenses exceeding revenue suggests the organization is drawing down on its assets. A clear strategy for increasing revenue or reducing expenses is crucial to reverse this trend and ensure long-term viability.
How does the Holmdel Theatre Company measure and report the impact of its programs on the community?
While the organization has a clear mission, the available data does not detail specific program outcomes or impact metrics. Enhancing transparency in this area could strengthen donor confidence and demonstrate effectiveness.
Filing History
IRS 990 filing history for Holmdel Theatre Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holmdel Theatre Company Inc's revenue has grown by 149.1%, moving from $51K to $128K. Total assets decreased by 23.1% over the same period, from $306K to $235K. Total functional expenses rose by 167.5%, from $49K to $131K. In its most recent filing year (2023), Holmdel Theatre Company Inc reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $131K | $235K | $0 | — | View 990 |
| 2022 | $105K | $131K | $238K | $0 | — | View 990 |
| 2021 | $133K | $108K | $250K | $0 | — | View 990 |
| 2020 | $79K | $87K | $225K | $0 | — | View 990 |
| 2019 | $124K | $121K | $233K | $0 | — | View 990 |
| 2018 | $74K | $84K | $231K | $0 | — | View 990 |
| 2017 | $37K | $58K | $242K | $0 | — | View 990 |
| 2016 | $54K | $62K | $263K | $0 | — | View 990 |
| 2015 | $77K | $91K | $271K | $0 | — | View 990 |
| 2014 | $77K | $71K | $286K | $0 | — | View 990 |
| 2013 | $84K | $96K | $279K | $0 | — | View 990 |
| 2012 | $69K | $83K | $292K | $0 | — | View 990 |
| 2011 | $51K | $49K | $306K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $131K, and assets of $235K (revenue +21.8% year-over-year).
- 2022: Revenue of $105K, expenses of $131K, and assets of $238K (revenue -20.7% year-over-year).
- 2021: Revenue of $133K, expenses of $108K, and assets of $250K (revenue +68.2% year-over-year).
- 2020: Revenue of $79K, expenses of $87K, and assets of $225K (revenue -36.2% year-over-year).
- 2019: Revenue of $124K, expenses of $121K, and assets of $233K (revenue +67.4% year-over-year).
- 2018: Revenue of $74K, expenses of $84K, and assets of $231K (revenue +100.7% year-over-year).
- 2017: Revenue of $37K, expenses of $58K, and assets of $242K (revenue -32.5% year-over-year).
- 2016: Revenue of $54K, expenses of $62K, and assets of $263K (revenue -29.1% year-over-year).
- 2015: Revenue of $77K, expenses of $91K, and assets of $271K (revenue -0.2% year-over-year).
- 2014: Revenue of $77K, expenses of $71K, and assets of $286K (revenue -7.9% year-over-year).
- 2013: Revenue of $84K, expenses of $96K, and assets of $279K (revenue +20.7% year-over-year).
- 2012: Revenue of $69K, expenses of $83K, and assets of $292K (revenue +34.7% year-over-year).
- 2011: Revenue of $51K, expenses of $49K, and assets of $306K.
Data Sources and Methodology
This transparency report for Holmdel Theatre Company Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.