Sioux Falls State Theatre Company
- Assets
- $8.3m
- Revenue
- $690.4k
- Investments
- $6.9m
- Employees
- 21
- Location
- Sioux Falls, SD
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 20-3473359
Organization Overview
Sioux Falls State Theatre Company is located in Sioux Falls, SD. The organization was established in 2006. 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 12/2021, Sioux Falls State Theatre Company employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sioux Falls State Theatre Company 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, Sioux Falls State Theatre Company generated $690.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $762.0k during the year ending 12/2021. While expenses have increased by 38.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORIC STATE THEATRE TO PROVIDE A UNIQUE ENTERTAINMENT AND EDUCATION VENUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SIOUX FALLS STATE THEATRE COMPANY CONTINUES FUNDRAISING EFFORTS TO RAISE FUNDS FOR THE PRESERVATION OF THE HISTORIC STATE THEATRE IN DOWNTOWN SIOUX FALLS, SD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Weiland Executive Director | Officer | 40 | $65,180 |
John Swedeen Board President | OfficerTrustee | 3 | $0 |
Joe Batcheller Vice President | OfficerTrustee | 2 | $0 |
Jennifer Warren Board Treasurer | OfficerTrustee | 3 | $0 |
Mike Childers Board Secretary | OfficerTrustee | 2 | $0 |
Joan Rasmusson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,177 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,177 |
| Total Program Service Revenue | $482,931 |
| Investment income | $601 |
| 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 | -$3,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $690,412 |
| 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. | $65,180 |
| Compensation of current officers, directors, key employees. | $5,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $427 |
| Payroll taxes | $14,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $247 |
| Advertising and promotion | $6,592 |
| Office expenses | $24,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,321 |
| Interest | $4,860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,335 |
| Insurance | $55,141 |
| All other expenses | $26,505 |
| Total functional expenses | $762,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,443 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $911,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,853 |
| Prepaid expenses and deferred charges | $7,715 |
| Net Land, buildings, and equipment | $88,601 |
| Investments—publicly traded securities | $50,295 |
| Investments—other securities | $6,876,664 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,341,644 |
| Accounts payable and accrued expenses | $194,589 |
| Grants payable | $0 |
| Deferred revenue | $78,706 |
| 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 | $0 |
| Total liabilities | $273,295 |
| Net assets without donor restrictions | $8,068,349 |
| 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 | $8,341,644 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sioux Falls State Theatre Company has recieved totaling $31.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Theatre Foundation Minneapolis, MN | $150,141,249 | $18,685,485 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
Hennepin Theatre Tr Minneapolis, MN | $22,588,604 | $4,825,873 |
Omaha Theater Company Omaha, NE | $9,432,355 | $7,494,980 |
Mct Inc Missoula, MT | $5,451,347 | $4,816,315 |
Duluth Playhouse Inc Duluth, MN | $18,649,161 | $3,003,530 |
Stages Theatre Company Inc Hopkins, MN | $3,890,708 | $3,759,025 |
Playwrights Center Inc Minneapolis, MN | $3,908,050 | $3,263,756 |
Englert Civic Theatre Inc Non Profit Iowa City, IA | $7,526,488 | $2,477,327 |
Northern Prairie Performing Arts Fargo, ND | $4,316,249 | $3,798,008 |
Des Moines Community Playhouse Des Moines, IA | $9,934,545 | $1,796,377 |
Great River Shakespeare Festival Winona, MN | $206,788 | $1,143,986 |