Lost Nation Theater Inc
- Assets
- $433.8k
- Revenue
- $285.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Montpelier, VT
- Founding
- 06/1978
- Data as of
- 10/2022
- EIN
- 03-0267568
Organization Overview
Lost Nation Theater Inc is located in Montpelier, VT. The organization was established in 1978. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2022, Lost Nation Theater Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Nation Theater Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2022, Lost Nation Theater Inc generated $285.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $248.5k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOST NATION THEATER IS DEDICATED TO CREATING STIMULATING DRAMA AND EDUCATIONAL PROGRAMS IN ORIGINAL AND INNOVATIVE WAYS; TO THE HOPEFUL POSSIBILITIES OF HUMAN INTERACTION; AND TO USING THEATER AS AN EFFECTIVE FORCE AND CATALYST FOR PERSONAL AND COMMUNITY TRANSFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ADJUSTED PROGRAMS TO THE COVID CRISIS AND RESTRICTIONS. ALL SCHEDULED SHOWS, YOUTH CAMPS AND EVENTS WERE CANCELLED. PROGRAM FORMAT CHANGED FROM LIVE, INSIDE DUE TO COVID STOPPING INSIDE PERFORMANCES. THE CITY HALL BUILDING WAS CLOSED TO THE PUBLIC MARCH 18, 2020. BEING HOUSED ON THE 2ND & 3RD FLOOR OF CITY HALL FORCED US TO SHUT OUR CITY HALL BUSINESS OFFICE AND TO CEASE DOING LIVE PERFORMANCES. STAFF WAS FURLOUGHED MARCH 31, 2020: DIRECTORS APRIL 20 - MAY 21. ACCOUNTING APR 1, 2020- AUG21.DIRECTORS STARTED IMMEDIATELY WORKING TO GAIN SKILLS & EQUIPMENT TO STREAM VIDEOS OF PREVIOUS SHOWS ONLINE, MAKING AND STREAMING INTERVIEWS OF ACTORS, TECHNICIANS AND DESIGNERS, AND CREATING AND HOLDING ONLINE THEATER SKILL BUILDING WORKSHOPS. THEY WORKED VERY HARD TO CREATE MATERIALS THAT WOULD PROVIDE THE THEATER A LIVELY ONLINE PRESENT AND MAINTAIN OUR AUDIENCE BASE. IN 2022 THE THEATER REOPENED WITH LIVE PERFORMANCES AND YOUTH CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Keenan Artistic Director | OfficerTrustee | 40 | $22,884 |
Kim Bent President | OfficerTrustee | 40 | $22,884 |
Pam Learner Board Member | Trustee | 2 | $0 |
Shanda Williams Board Member | Trustee | 2 | $0 |
Stephen Willis Board Member | Trustee | 2 | $0 |
Jessica Goodline Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,657 |
| Total Program Service Revenue | $100,390 |
| Investment income | $991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,423 |
| Compensation of current officers, directors, key employees. | $7,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,250 |
| Payroll taxes | $7,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,899 |
| Advertising and promotion | $4,577 |
| Office expenses | $8,269 |
| Information technology | $8,033 |
| Royalties | $3,940 |
| Occupancy | $0 |
| Travel | $3,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,997 |
| Insurance | $2,416 |
| All other expenses | $4,683 |
| Total functional expenses | $248,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,724 |
| Savings and temporary cash investments | $366,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,586 |
| Total assets | $433,827 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $148,216 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,385 |
| Total liabilities | $155,601 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $278,226 |
| Total liabilities and net assets/fund balances | $433,827 |