Stadium Theatre Foundation
- Assets
- $8.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 43
- Location
- Woonsocket, RI
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 05-0486986
Organization Overview
Stadium Theatre Foundation is located in Woonsocket, RI. The organization was established in 1996. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Stadium Theatre Foundation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stadium Theatre Foundation 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 06/2022, Stadium Theatre Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE STADIUM THEATRE FOUNDATION'S MISSION IS TO PROVIDE ITS PATRONS A CONSISTENTLY MEMORABLE EXPERIENCE THROUGH HIGH QUALITY EVENTS, ENCOMPASSING ENTERTAINMENT, CULTURE AND EDUCATION, WHILE EMBRACING THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION, RESTORATION & OPERATION OF HISTORIC BUILDING WHICH WILL BE USED FOR COMMUNITY CULTURAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Levesque Executive Director | OfficerTrustee | 1 | $133,054 |
Armand Desmarais President | OfficerTrustee | 1 | $0 |
Jean Rondeau Vice President | OfficerTrustee | 1 | $0 |
Judith Gaulin Treasurer | OfficerTrustee | 1 | $0 |
Robert Mitson Secretary | OfficerTrustee | 1 | $0 |
Stephen Casey Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Omega Alarm Company Inc Security System | 6/29/18 | $157,552 |
Kafin Oil Co Inc Hvac System | 6/29/18 | $139,649 |
Tebo Electric Inc Electrical Contractor | 6/29/18 | $139,563 |
Melanie Aldrich And Son Inc Plumbing Contractor | 6/29/18 | $138,501 |
Frontier Welding & Fabricating Inc Construction | 6/29/18 | $139,194 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,858 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,156,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,385,986 |
| Total Program Service Revenue | $2,453,188 |
| Investment income | $5,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,406 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,878,181 |
| 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. | $133,054 |
| Compensation of current officers, directors, key employees. | $39,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $955,250 |
| 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 | $14,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $185,604 |
| Office expenses | $68,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,373 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,477 |
| Insurance | $53,466 |
| All other expenses | -$63,659 |
| Total functional expenses | $3,003,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,960 |
| Savings and temporary cash investments | $2,369,364 |
| 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 | $159,927 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $372,172 |
| Net Land, buildings, and equipment | $5,082,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $559 |
| Total assets | $8,192,971 |
| Accounts payable and accrued expenses | $77,296 |
| Grants payable | $0 |
| Deferred revenue | $560,826 |
| 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 | $400,054 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,038,176 |
| Net assets without donor restrictions | $7,050,104 |
| Net assets with donor restrictions | $104,691 |
| 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 | $8,192,971 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Stadium Theatre Foundation has recieved totaling $31,503.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Cvs Health Charity Classic Inc Woonsocket, RI PURPOSE: GENERAL | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $750 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $175 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Stadium Theatre Foundation Woonsocket, RI | $8,192,971 | $3,878,181 |
As 220 Providence, RI | $18,007,342 | $2,188,031 |
Boston Childrens Chorus Inc Boston, MA | $1,453,896 | $2,102,653 |
Payomet Truro, MA | $1,243,227 | $1,608,583 |
Center For Arts In Natick Natick, MA | $3,038,106 | $1,772,213 |
Express Yourself Inc Beverly, MA | $613,404 | $966,516 |
New Urban Arts Providence, RI | $2,061,442 | $1,170,839 |
Arts Foundation Of Cape Cod Hyannis, MA | $1,128,124 | $830,455 |
Broadway Method Academy Corporation Fairfield, CT | $143,495 | $636,269 |
M M A S Inc Mansfield, MA | $3,885,707 | $887,053 |
410 South Main Street Title Holding Company Inc Providence, RI | $2,483,731 | $386,403 |