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Planet Ant Theatre Inc

aka Planet Ant   |   HAMTRAMCK, MI   |  planetant.com
GuideStar Charity Check

Planet Ant Theatre Inc

EIN: 38-3420645


Mission

PLANET ANT IS A 501(C)(3) NON-PROFIT PROFESSIONAL THEATRE AND PERFORMANCE VENUE THAT SEEKS TO BUILD COMMUNITY BY FACILITATING ARTISTIC EXPRESSION AND COLLABORATION IN THEATRE, MUSIC, FILM AND OTHER VISUAL AND PERFORMING ARTS; TO PROMOTE ARTISTIC FREEDOM AND EXPAND STAGE ACCESS; AND TO ENRICH INDIVIDUAL ARTISTS THROUGH TRAINING, COACHING AND NETWORKING.

Ruling year info

1999

Interim Executive Director

Daniel Alexander Jackson

Main address

2320 CANIFF ST

HAMTRAMCK, MI 48212 USA

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Formerly known as

Planet Ant Coffee House

Planet Ant Black Box Theatre

Ant Hall

Planet Ant Studio

Planet Ant Training Center

Ghost Light

EIN

38-3420645

Subject area info

Performing arts

Community improvement

Population served info

Children and youth

Adults

LGBTQ people

Women and girls

Economically disadvantaged people

Show more populations served

NTEE code info

Theater (A65)

Performing Arts (A60)

Community, Neighborhood Development, Improvement (S20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Black Box Theatrical Season

The Black Box Theatrical Season consists of theatrical productions to take place in the original Planet Ant Black Box Theatre. These productions include works written locally, regionally, or nationally. These productions are directed by local directors and performed and assisted by local actors, designers, and crews.

Population(s) Served
Adults

The Planet Ant Sketch Series is a production of locally developed sketch comedy shows produced at the Planet Ant Black Box Theatre, located at 2357 Caniff in Hamtramck, MI. These productions will feature local writers, directors, cast, designers, and crews.

Population(s) Served
Adults

The Planet Ant Training Center offers a core curriculum of improvisational comedy, sketch writing, screenwriting, and sketch video classes. Additionally, the Training Center also offers a diverse selection of workshops and performance opportunities to help elevate local performing artists through professional training.

Population(s) Served
Adults

The Planet Ant Live Music Series features live musical performances that showcase and elevate local musicians, performers, bands, and various other types of musical performers.

Population(s) Served
Adults

The Planet Ant Special Event Series consists of one-off productions, limited run productions, and other special events that serve Planet Ant's mission statement and elevate the local creative community. These events may take place at any Planet Ant location but may also take place outside of Planet Ant owned venues.

Population(s) Served
Adults

The Planet Ant Weekly Production Series consists of comedic shows produced on a weekly basis. These shows include improvisational Comedy, Stand-up Comedy, Comedic Variety shows and other types of performance produced by Planet Ant troupe members.

Population(s) Served
Adults

Where we work

Financials

Planet Ant Theatre Inc
Fiscal year: Sep 01 - Aug 31
Financial documents
2022 Audited Financial Statements
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.67

Average of 0.20 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

7.5

Average of 1.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 4% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Planet Ant Theatre Inc

Revenue & expenses

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Planet Ant Theatre Inc

Balance sheet

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Planet Ant Theatre Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

This snapshot of Planet Ant Theatre Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $3,162 -$100,663 -$43,069 $20,464 -$92,678
As % of expenses 1.0% -28.2% -16.9% 9.9% -16.6%
Unrestricted surplus (deficit) after depreciation -$6,101 -$116,694 -$59,027 $10,311 -$101,717
As % of expenses -1.9% -31.3% -21.8% 4.7% -17.9%
Revenue composition info
Total revenue (unrestricted & restricted) $313,051 $331,816 $212,121 $228,009 $465,489
Total revenue, % change over prior year -10.4% 6.0% -36.1% 7.5% 104.2%
Program services revenue 69.6% 77.2% 75.2% 8.0% 50.8%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 15.0% 1.4% 36.6% 90.1% 48.2%
All other grants and contributions 13.7% 18.4% 6.9% 1.9% 1.0%
Other revenue 1.7% 2.9% -18.8% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $311,229 $356,472 $255,190 $207,545 $558,167
Total expenses, % change over prior year 12.7% 14.5% -28.4% -18.7% 168.9%
Personnel 29.8% 34.4% 30.2% 40.7% 40.7%
Professional fees 5.8% 11.5% 3.1% 4.3% 1.0%
Occupancy 10.1% 7.2% 17.4% 31.0% 17.1%
Interest 0.0% 0.0% 0.6% 0.0% 1.7%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 54.4% 46.9% 48.7% 24.1% 39.5%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $320,492 $372,503 $271,148 $217,698 $567,206
One month of savings $25,936 $29,706 $21,266 $17,295 $46,514
Debt principal payment $16,065 $33,998 $0 $2,023 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $362,493 $436,207 $292,414 $237,016 $613,720

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.3 0.0 3.7 5.1 7.5
Months of cash and investments 0.3 0.0 3.7 5.1 7.5
Months of estimated liquid unrestricted net assets 0.6 -1.8 2.5 4.1 0.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $7,626 $109 $78,124 $88,416 $349,272
Investments $0 $0 $0 $0 $0
Receivables $14,342 $1,100 $0 $0 $908
Gross land, buildings, equipment (LBE) $450,613 $384,960 $247,368 $247,368 $248,868
Accumulated depreciation (as a % of LBE) 17.5% 24.8% 16.3% 20.4% 24.6%
Liabilities (as a % of assets) 27.4% 41.9% 61.6% 57.9% 96.5%
Unrestricted net assets $285,919 $169,225 $110,198 $120,509 $18,792
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $285,919 $169,225 $110,198 $120,509 $18,792

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Interim Executive Director

Daniel Alexander Jackson

Daniel Jackson is an artist, writer, producer, and improviser born and raised in Detroit, MI. Professionally, hes held various management and communications positions at non-profit organizations across metro Detroit and currently serves as the Digital Strategist for the ACLU of Michigan. Daniel is also an avid participant in the local arts community, whether as a performer, producer, or director. Hes passionate about playing an integral role in the growth of the resurgent arts scene here in Detroit and Hamtramck. Daniel holds a Bachelor of Arts from Central Michigan University.

Number of employees

Source: IRS Form 990

Planet Ant Theatre Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Planet Ant Theatre Inc

Board of directors
as of 04/15/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Daniel Jackson

Planet Ant Theatre Inc

Term: 2021 -

Darren Frederick Shelton

Dave Davies

Lauren Bickers

Michael McGettigan

Chris Fortin

Jennifer Horne

Andrea Maziarz

Syeda Davidson

Lara Sfire

Ericka Warmack

Organizational demographics

SOURCE: Self-reported; last updated 4/15/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability