State Theater Of Modesto Inc
- Assets
- $4.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Modesto, CA
- Founding
- 06/2005
- Data as of
- 06/2023
- EIN
- 20-2468226
Organization Overview
State Theater Of Modesto Inc is located in Modesto, CA. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. State Theater Of Modesto 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 06/2023, State Theater Of Modesto Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND OPERATION OF THE HISTORIC STATE THEATRE IN DOWNTOWN MODESTO, AND PROVIDING COMMUNITY ENRICHMENT THROUGH ENTERTAINMENT, AS WELL AS CULTURAL, EDUCATIONAL, AND CIVIC EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND MAINTENANCE OF THE STATE THEATRE TO ENSURE THAT IT REMAINS A VALUED HISTORIC BUILDING IN DOWNTOWN MODESTO. THE EXPENSES ARE ASSOCIATED WITH COST TO OPERATE AND PROVIDE A VENUE FOR A VARIETY OF PERFORMING ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Pierstorff President | OfficerTrustee | 3 | $0 |
Jessica Godden Past President | OfficerTrustee | 3 | $0 |
Mary Carol Henderson Secretary | OfficerTrustee | 3 | $0 |
Marty Grynbaum Treasurer | OfficerTrustee | 3 | $0 |
Mari Barraza Director | Trustee | 1 | $0 |
Rodney Cordova Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $401,375 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $531,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $933,369 |
| Total Program Service Revenue | $824,744 |
| Investment income | $1,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,821,521 |
| 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 | $409,688 |
| Pension plan accruals and contributions | $4,476 |
| Other employee benefits | $9,527 |
| Payroll taxes | $36,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,215 |
| Office expenses | $14,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $146,304 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,679 |
| Interest | $4,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,164 |
| Insurance | $24,905 |
| All other expenses | $12,985 |
| Total functional expenses | $1,306,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $814,065 |
| Savings and temporary cash investments | $361,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,226 |
| 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 | $35,898 |
| Net Land, buildings, and equipment | $2,816,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,264 |
| Other assets | $0 |
| Total assets | $4,045,496 |
| Accounts payable and accrued expenses | $153,386 |
| Grants payable | $0 |
| Deferred revenue | $196,114 |
| 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 | $154,837 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,450 |
| Total liabilities | $526,787 |
| Net assets without donor restrictions | $3,518,709 |
| 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 | $4,045,496 |