Cortland Repertory Theatre Inc
- Assets
- $2.1m
- Revenue
- $994.8k
- Investments
- $0.0
- Employees
- 65
- Location
- Cortland, NY
- Founding
- 07/1973
- Data as of
- 12/2021
- EIN
- 16-1004610
Organization Overview
Cortland Repertory Theatre Inc is located in Cortland, NY. The organization was established in 1973. 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 12/2023, Cortland Repertory Theatre Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortland Repertory Theatre 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, Cortland Repertory Theatre Inc generated $994.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $706.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 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
PROVIDE LIVE THEATRE FOR THE CULTURAL ENRICHMENT OF CENTRAL NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LIVE THEATRE FOR CULTURAL ENRICHMENT OF CENTRAL NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerby Thompson Prod Artistic D | Officer | 40 | $76,684 |
Kimberly Allen Board Member | Trustee | 1 | $0 |
Christine Gregory Board Member | Trustee | 1 | $0 |
Patrick Fitzgerald Board Member | Trustee | 1 | $0 |
Ingrid Fox Board Member | Trustee | 1 | $0 |
Nicole Cottone President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $477,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,049 |
| Noncash contributions included in lines 1a–1f | $8,780 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $751,397 |
| Total Program Service Revenue | $226,052 |
| Investment income | $2,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,276 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,645 |
| Net Income from Gaming Activities | $1,655 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $994,759 |
| 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. | $61,941 |
| Compensation of current officers, directors, key employees. | $24,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,796 |
| Payroll taxes | $28,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,375 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,323 |
| Travel | $2,444 |
| 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 | $98,677 |
| Insurance | $22,342 |
| All other expenses | $85,638 |
| Total functional expenses | $706,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,480 |
| 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 | $35,152 |
| Net Land, buildings, and equipment | $1,509,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,126,908 |
| Accounts payable and accrued expenses | $13,236 |
| Grants payable | $0 |
| Deferred revenue | $265,490 |
| 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 | $200 |
| Total liabilities | $278,926 |
| Net assets without donor restrictions | $1,847,982 |
| 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 | $2,126,908 |