The 1932 Criterion Theatre
- Assets
- $3.3m
- Revenue
- $729.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Bar Harbor, ME
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-3267346
Organization Overview
The 1932 Criterion Theatre is located in Bar Harbor, ME. The organization was established in 2007. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, 1932 Criterion Theatre employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1932 Criterion Theatre 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, 1932 Criterion Theatre generated $729.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $401.6k during the year ending 12/2021. 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
KEEPING THE 1932 CRITERION THEATRE ALIVE THROUGH THE ARTS AND CINEMA. KEEPING THE ARTS ALIVE IN DOWNEAST MAINE THROUGH THE 1932 CRITERION THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2019 WAS ANOTHER YEAR FOR REBUILDING, RENEWING AND REINVIGORATING THE 1932 CRITERION. HOW IS IT POSSIBLE TO MAINTAIN THE HISTORICAL SIGNIFICANCE AND CONTEXT OF A BUILDING ON THE NATIONAL REGISTER OF HISTORIC PLACES WHILE ALSO OPERATING AS A LIVING AND VITAL CORNERSTONE OF DOWNEAST MAINE'S CULTURAL LANDSCAPE? IN 2019 WE BUILT ON 2018'S TOTAL OVERHAUL OF OUR FUNDRAISING PLANS, SYSTEMS AND DATABASES. THE CRITERION HOSTED ITS FIRST EVER GALA. THE EVENT WAS VERY WELL RECEIVED BY THE COMMUNITY. THE CRITERION NOW HAS A COMPREHENSIVE DATABASE OF DONORS, PATRONS, MEMBERS, SPONSORS AND OTHER CONSTITUENTS. WE HAVE INSTITUTED NEW MEMBERSHIP CRITERIA FOR INDIVIDUALS AND BUSINESSES, IMPLEMENTED A NEW PLANNED GIVING POLICY, INSTITUTED A GIVE OR GET POLICY FOR BOARD MEMBERS AND SUBMITTED GRANT APPLICATIONS. WE RECEIVED A NUMBER OF DEDICATED GRANTS THAT ALLOWED US TO REVITALIZE THE LIGHTS AND SOUND SYSTEM AS WELL AS CREATURE COMFORTS SUCH AS THE HVAC SYSTEM. BECAUSE OF THOSE CHANGES AND BECAUSE OF LEADERSHIP AND BOARD ENTHUSIASM FOR THE THEATRE, WE HAVE MADE GIGANTIC STRIDES IN 2019. 2019 SAW A CONTINUATION OF PRIOR YEARS' SUCCESSES IN PROGRAMMING. THE CRITERION WAS ABLE TO DIVERSIFY ITS PROGRAMMING THROUGH A DIVERSITY GRANT FROM THE WITHAM FAMILY FOUNDATION, BRINGING IN TALENT DURING THE ABBE MUSEUM'S INDIAN MARKET. WE ONCE AGAIN SERVED FAMILY AUDIENCES THROUGH YOUTH PROGRAMMING, WE BROUGHT INCREASED DANCE PROGRAMMING TO THE THEATRE AND WE PARTNERED WITH THE ACADIA NIGHT SKY FESTIVAL AND THE MAINE SCIENCE FESTIVAL FOR INNOVATIVE PROGRAMMING SURROUNDING COMMUNITY EVENTS. OUR PROGRAMMING CALENDAR FOR 2019 WAS FULL OF A DIVERSE AND EXCITING ROSTER OF LIVE PERFORMERS. WE HAVE RECEIVED FUNDING TO COMPLETELY REPLACE AND UPDATE OUR SOUND AND LIGHTING SYSTEMS. WE HAVE A STATE OF THE ART LISTENING ASSIST AND PERSONAL CLOSED CAPTION SYSTEM INSTALLED AND BEING UTILIZED. AT THE END OF 2019 OUR LEADERSHIP TEAM MOVED ON TO OTHER PROJECTS BUT THE CRITERION THEATRE REMAINS THE VIBRANT DOWNEAST PERFORMING AND CULTURAL ARTS CENTER. WE WILL BE BACK STRONGER THAN EVER.
MISCELLANEOUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Leiser President | OfficerTrustee | 2 | $0 |
Nicholas Schoeder Vice Preside | OfficerTrustee | 0.5 | $0 |
Steven Parady Treasurer | OfficerTrustee | 0.5 | $0 |
Susan Raab Clerk | OfficerTrustee | 0.5 | $0 |
Richard Cleary Director | OfficerTrustee | 0.5 | $0 |
Elizabeth Bunker Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,173 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $438,223 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $527,230 |
| Total Program Service Revenue | $97,426 |
| Investment income | $9,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,194 |
| 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 | $17,218 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $729,367 |
| 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 | $93,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $280 |
| Fees for services: Accounting | $5,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,039 |
| Advertising and promotion | $1,426 |
| Office expenses | $15,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,902 |
| Travel | $78 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,207 |
| Insurance | $15,573 |
| All other expenses | $16,259 |
| Total functional expenses | $401,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,822 |
| 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 | $2,541,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,558 |
| Total assets | $3,264,172 |
| Accounts payable and accrued expenses | $2,209 |
| 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 | $4,393 |
| Total liabilities | $6,602 |
| Net assets without donor restrictions | $3,124,095 |
| Net assets with donor restrictions | $133,475 |
| 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 | $3,264,172 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The 1932 Criterion Theatre has recieved totaling $151,026.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $150,000 |
John W And Clara C Higgins Foundation Worcester, MA PURPOSE: 2021 GRANT - HIGGINS NULL (JACOB) | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portsmouth Music And Arts Center Inc Portsmouth, NH | $1,568,792 | $1,079,924 |
Manchester Community Music School Manchester, NH | $1,328,158 | $1,138,182 |
Upper Valley Music Center Inc Lebanon, NH | $2,795,970 | $1,982,663 |
Apple Hill Center For Chamber Music Inc East Sullivan, NH | $1,628,321 | $937,243 |
Bowdoin International Music Festival Brunswick, ME | $4,398,499 | $875,017 |
Maine Academy Of Modern Music Portland, ME | $78,120 | $568,581 |
York County Arena Association Biddeford, ME | $264,802 | $514,472 |
New Hampshire Music Festival Inc Plymouth, NH | $321,298 | $505,242 |
The 1932 Criterion Theatre Bar Harbor, ME | $3,264,172 | $729,367 |
Great Waters Music Festival Inc Wolfeboro, NH | $450,267 | $658,682 |
Friends Of The Kotzschmar Organ Inc Portland, ME | $1,004,147 | $291,264 |
Ashuelot Concerts Keene, NH | $81,430 | $0 |