Theater League Of Clifton Inc
- Assets
- $1.0k
- Revenue
- $49.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 03-0565843
Organization Overview
Theater League Of Clifton Inc is located in Wayne, NJ. The organization was established in 2010. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theater League Of Clifton 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 12/2021, Theater League Of Clifton Inc generated $49.2k 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 (4.9%) each year. All expenses for the organization totaled $57.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE THEATER LEAGUE OF CLIFTON, INC. (TLC)'S MISSION IS TO STRIVE TO WITH ITS CITIZENS THROUGH THEATER, BY ENTERTAINING, ENLIGHTING AND CULTIVATE THE ARTS AND ENTERTAINMENT IN CLIFTON AND TO CREATE A CONNECTION WITH ITS CITIZENS THROUGH THEATER, BY ENTERTAINING, ENLIGHTING AND UPLIFTING PEOPLE WHO ATTEND OUR PRODUCTIONS, WITH PERFORMANCES AND PRESENTATION OF SCHOLARSHIOPS TO GRADUATING CLIFTON HIGH SCHOOL SENIORS PURSUING HIS OR HER EDUCATION IN THE STUDY OF THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT COMMUNITY THEATER PERFORMANCES
PRESENTATION OF SCHOLARSHIPS TO GRADUATING CLIFTON HIGH SCHOOL SENIORS PURSUING HIS OR HER EDUCATION IN THE STUDY OF THE PERFORMING ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark E Peterson President | OfficerTrustee | $0 | |
Jalmari Vanamo Vice Preside | OfficerTrustee | $0 | |
John M Traier CPA Treasurer | OfficerTrustee | $0 | |
Stephanie Peterson Yoda 2nd Vice Pre | OfficerTrustee | $0 | |
Raymond Robertello Director | OfficerTrustee | $0 | |
Christine Potash Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $150 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,874 |
| Total Program Service Revenue | $36,367 |
| Investment income | $6 |
| 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 | $49,247 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,525 |
| Total functional expenses | $57,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $988 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43 |
| Total assets | $1,031 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,378 |
| Total liabilities | $10,378 |
| Net assets without donor restrictions | -$9,347 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |
George Street Playhouse Inc New Brunswick, NJ | $6,896,308 | $6,837,551 |
International Alliance Theatrical Stage Employees & Moving Picture New York, NY | $13,015,937 | $8,762,543 |
Paper Mill Playhouse Millburn, NJ | $20,009,816 | $8,770,993 |
Traditional Culture Reviving Center New York, NY | $4,083,486 | $4,808,947 |
S U Theatre Corporation Syracuse, NY | $3,245,186 | $6,188,452 |
Two River Theatre Company Red Bank, NJ | $129,619,755 | $4,214,788 |