North Carolina · Nonprofit
CHELSEA ART THEATER INC
CHELSEA ART THEATER INC (North Carolina) receives grants from 5 organizations whose IRS filings report $72,417 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($42,395). 3 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $911k
- Funders on record
- 5
- Grants received
- $72k
- Net assets
- $459k
What Chelsea Art Theater Inc does
Mission
The mission of the Chelsea Theater is to entertain, educate and engage through film to enrich our diverse community.
As stated on its FY2025 Form 990.
Programs
In 2025, The Chelsea Theater continued its mission to entertain, inspire, and engage through film. As the Triangle's only nonprofit dedicated exclusively to film presentation and learning, the Chelsea welcomed more than 51,000 patrons for independent, international, documentary, and classic films The Theater presented a diverse year-round schedule of screenings, filmmaker conversations, educational programs, partnerships with local organizations, and community events designed to foster dialogue, cultural understanding, and lifelong learning. Signature programs included The Doc Is In documentary series, Chelsea Classics summer film series, late-night and repertory screenings, public discussions, and the annual Jewish Film Festival and Cosmic Rays Festival. In addition to regular programming, the Chelsea expanded community partnerships and audience engagement efforts while undertaking significant technology improvements to maintain high-quality cinematic presentation. Support from members, donors, sponsors, foundations, and volunteers helped sustain the theater as a cultural gathering place and educational resource for the broader community. The Chelsea remains committed to ensuring…
$709,676 spent$728,799 earned by the program100% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $709,676.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $241k to $465k (+93%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 0% · 2020 7% · 2021 57% · 2022 8% · 2023 6% · 2024 0% · 2025 5%. Grants only. Government contracts and fees sit inside program revenue.
24% of CHELSEA ART THEATER INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Emily Kaas
Executive Director
Board chair
Alexander Roth
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2020 → 2023: the base narrowed from 3 funders to 2 funders, grant income fell $20k → $7k.
1 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 59% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of CHELSEA ART THEATER INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CHELSEA ART THEATER INC leans on a few funders — its largest provides 59% of grant income and the top three 93%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
73% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CHELSEA ART THEATER INC.
Largest funder’s share by year: 2020 52% · 2021 56% · 2022 58% · 2023 93% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
59% of CHELSEA ART THEATER INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $30k that is directly attributable, 56% of it comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $42k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CHELSEA ART THEATER INC runs a healthier operating margin than half of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Organizations like CHELSEA ART THEATER INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
96%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for CHELSEA ART THEATER INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CHELSEA ART THEATER INC?
- CHELSEA ART THEATER INC (North Carolina) receives grants from 5 organizations whose IRS filings report $72,417 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($42,395). 3 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does CHELSEA ART THEATER INC have?
- IRS filings report 5 organizations giving $72,417 in grants to CHELSEA ART THEATER INC, 3 of which have funded it in more than one year.
- Who is the largest funder of CHELSEA ART THEATER INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $42,395 in grants. The full list of funders is on this page.
- How can an organization like CHELSEA ART THEATER INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Chelsea Art Theater →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing