Chagrin Valley Little Theatre
- Assets
- $2.0m
- Revenue
- $475.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Chagrin Falls, OH
- Founding
- 02/1973
- Data as of
- 08/2023
- EIN
- 23-7150715
Organization Overview
Chagrin Valley Little Theatre is located in Chagrin Falls, OH. 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 08/2023, Chagrin Valley Little Theatre employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chagrin Valley Little 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 08/2023, Chagrin Valley Little Theatre generated $475.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $449.5k during the year ending 08/2023. 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
TO ENRICH THE CULTURAL LIFE OF THE CHAGRIN VALLEY AND NORTHEAST OHIO. THROUGH THE PRODUCTION OF LIVE THEATRE AND RELATED PROGRAMMING, IT ADVANCES THE SKILLS OF INDIVIDUALS WITHIN THE PERFORMING ARTS AND PROVIDES EDUCATIONAL AND OUTREACH PROGRAMS TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER PRODUCTIONS: FOR THE PAST 93 YEARS, CHAGRIN VALLEY LITTLE THEATRE HAS BEEN RECOGNIZED THROUGHOUT THE REGION AS A VENUE FOR HIGH QUALITY, AFFORDABLE PRODUCTIONS THAT SHOWCASE THE TALENTS OF AREA ACTORS AND DELIGHT THOUSANDS OF THEATER LOVERS. FOR THE 2022-2023 SEASON, THE THEATER WAS ABLE TO RETURN TO ITS PRE-COVID SCHEDULE, SPONSORING ITS ANNUAL MURDER BY THE FALLS (MBTF) FUND-RAISER, AS WELL AS 6 PRODUCTIONS ON ITS MAIN STAGE. 372 INDIVIDUALS PARTICIPATED IN MURDER BY THE FALLS, AND OVER 11,200 AUDIENCE MEMBERS ENJOYED A TOTAL OF 57 PERFORMANCES OVER THE SEASON.
TO ENRICH THE CULTURAL LIFE OF THE CHAGRIN VALLEY AND NORTHEAST OHIO. THROUGH THE PRODUCTION OF LIVE THEATRE AND RELATED PROGRAMMING, IT ADVANCES THE SKILLS OF INDIVIDUALS WITHIN THE PERFORMING ARTS AND PROVIDES EDUCATIONAL ANDOUTREACH PROGRAMS TO THE COMMUNITY.
YOUTH THEATER: THE CVLT YOUTH THEATER OFFERS YOUNG ACTORS AND TECHNICIANS A PLACE TO LEARN THE BASICS OF ACTING AND THEATRE PRODUCTION. WHILE THE THEATER IS NOT YET ABLE TO OFFER A FULL YEAR OF YOUTH PROGRAMMING, A 3-WEEK SUMMER THEATER CAMP WAS HELD DURING THE SUMMER OF 2023. 27 STUDENTS PARTICIPATED IN THE YOUTH THEATER CAMP.
CVLT ALSO OFFERS ADDITIONAL PROGRAMMING THROUGH ITS COLLABORATION WITH THE CHAGRIN DOCUMENTARY FILM FESTIVAL AND ITS AFFILIATION WITH THE CHAGRIN FALLS STUDIO ORCHESTRA, AS WELL AS RENTALS TO EN POINTE DANCE AND THE MUSICAL THEATER PROJECT. THE CHAGRIN DOCUMENTARY FILM FESTIVAL, WHICH RENTS CVLT AS ONE OF ITS VENUES, ATTRACTS OVER 5,000 MEMBERS OF THE PUBLIC TO VIEW NUMEROUS DOCUMENTARY FILMS AT THE THEATER AND OTHER VENUES AROUND THE TOWN OVER 5 DAYS. THE CHAGRIN FALLS STUDIO ORCHESTRA WAS IN RESIDENCE FOR THREE PRODUCTIONS DURING THE 2022-2023 SEASON: A CONCERT VERSION OF KISS ME KATE IN THE FALL (3 PERFORMANCES); AN ANNUAL CHRISTMAS CONCERT (2 PERFORMANCES); AND A SPRING CONCERT (1 PERFORMANCE) WHICH FEATURED MUSIC FROM BACK TO THE FUTURE. OVER 150 PERFORMERS PARTICPATED, ATTRACTING OVER 870 AUDIENCE MEMBERS FOR THESE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Beattie Board Member | Trustee | 1 | $0 |
Cindee Catalano-Edelman Board Member | Trustee | 1 | $0 |
Angie Debernardo President | OfficerTrustee | 3 | $0 |
Janis Evans Board Member | Trustee | 1 | $0 |
Linda Harper Board Member | Trustee | 1 | $0 |
Emily Honsa Hicks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,369 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,319 |
| Total Program Service Revenue | $252,102 |
| Investment income | $2,728 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $475,768 |
| 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 | $132,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,232 |
| Advertising and promotion | $9,599 |
| Office expenses | $37,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,488 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,196 |
| Insurance | $16,317 |
| All other expenses | $0 |
| Total functional expenses | $449,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,385 |
| Savings and temporary cash investments | $123,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,880 |
| 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 | $17,046 |
| Net Land, buildings, and equipment | $1,410,832 |
| Investments—publicly traded securities | $25,548 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,957,580 |
| Accounts payable and accrued expenses | $2,884 |
| Grants payable | $0 |
| Deferred revenue | $75,517 |
| 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 | $140,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $219,206 |
| Net assets without donor restrictions | $1,723,436 |
| Net assets with donor restrictions | $14,938 |
| 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 | $1,957,580 |