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Omaha Theater Company

EIN 47-0494912 · Omaha, NE

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair58 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO INSPIRE YOUNG PEOPLE AND THEIR FAMILIES TO DISCOVER THE MAGIC OF THEATER, FIND THEIR VOICES, AND ENRICH THEIR COMMUNITIES. THEATER IS UTILIZED AS A TOOL IN THE EDUCATIONAL AND SOCIAL DEVELOPMENT OF YOUNG PEOPLE TO PROVIDE FORMAL EDUCATION IN THE PERFORMING ARTS.

Income
$5.7 million
Spending
$6.0 million
Spent on programs
81%
Reserves
2.6 months of spending
Largest source of income
donations and private grants, 58%
Employees
156
Volunteers
225
Highest pay
$121,958, managing director

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 58 out of 100. Higher than 30% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.6 months of spending.

  • Debt

    10 of 20

    It owes 31% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    81% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 65% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    20 of 20 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $2.2 million spent. PRODUCTION - THE THEATER STRIVES TO INTRODUCE YOUNG PEOPLE TO A MIX OF BOTH TRADITIONAL FAVORITES AND GROUND-BREAKING ORIGINAL PRODUCTIONS. PRODUCTIONS ARE SELECTED TO APPEAL TO A WIDE RANGE OF TASTES, AGES, AND ABILITIES. THE 24-25 SEASON INCLUDED 8 MAINSTAGE PRODUCTIONS AS WELL AS 1 PRODUCTION TARGETED TOWARDS VERY YOUNG AUDIENCES WITH EXCEPTIONALITIES. PRODUCTION ATTENDANCE FOR ALL 9 SHOWS TOTALED APPROXIMATELY 85,000.
  2. $2.3 million spent. EDUCATION - THE OMAHA THEATER COMPANY WAS ONE OF THE FIRST IN OMAHA TO OFFER CLASSES IN THE THEATER ARTS, AND TODAY, STANDS AS A LEADING PROGRAM AND TRAINING GROUND FOR YOUNG ARTISTS INTERESTED IN PURSUING A CAREER IN THEATER. THE EDUCATION PROGRAM INCLUDES THREE MAIN AREAS. FIELD TRIPS, TOURS AND WORKSHOPS - ELEMENTARY SCHOOL STUDENTS OF ALL AGES ATTEND SHOWS OR WORKSHOPS OR HAVE TOURING SHOWS AND WORKSHOPS PRESENTED A THEIR SCHOOLS. THE THEATER WORKS WITH OVER 70 AREA SCHOOLS AND SERVES MORE THAN 35,000 STUDENTS EVERY YEAR. DRAMA EDUCATION - DRAMA CLASSES PROMOTE CREATIVITY AND PROVIDE STUDENTS WITH AN ENVIRONMENT TO EXPLORE THEIR TALENT AND IMAGINATION. IN DRAMA CLASSES, YOUNG PEOPLE LEARN HOW TO USE THEIR BODIES TO TELL AS STORY, USE THEIR VOICE, AND HOW TO STRETCH THEIR IMAGINATION. CLASSES INCLUDE ACTING, DIRECTING, PLAYWRITING, IMPROV, STAGECRAFT, PUPPETRY, FILMMAKING, AND MORE. BROADWAY - BROADWAY AT THE ROSE IS A COMPLETE MUSICAL THEATER, VOICE, ACTING AND DANCE TRAINING PROGRAM FOR STUDENTS WHO WANT TO PERFORM. IN BROADWAY CLASSES, YOUNG PEOPLE HONE THEIR SKILLS AND PREPARE TO TAKE THE STAGE AT SCHOOL, IN COMMUNITY PRODUCTIONS, AND EVEN ON THE ROSE MAINSTAGE.
  3. $304,850 spent. OUTREACH - COMMUNITY CONNECTIONS, THE OMAHA THEATER COMPANY'S OUTREACH PROGRAM, MAKES THEATER ACTIVITIES AVAILABLE TO OMAHA AREA CHILDREN AND FAMILIES WHO HAVE NOT TRADITIONALLY HAD ACCESS TO THE THEATER ARTS.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending May 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1951.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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