Lorain Civic Center Committee Inc
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Lorain, OH
- Founding
- 06/1975
- Data as of
- 12/2021
- EIN
- 23-7370856
Organization Overview
Lorain Civic Center Committee Inc is located in Lorain, OH. The organization was established in 1975. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lorain Civic Center Committee Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lorain Civic Center Committee 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, Lorain Civic Center Committee Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $902.8k during the year ending 12/2021. While expenses have increased by 7.9% 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 BRING ARTS AND CULTURE TO THE CITY OF LORAIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOVIES AND LINE STAGE SHOWS. THE THEATER HAS SEATING CAPACITY OF 1,399 SEATS PLUS A NEWLY RENOVATED BACKSTAGE AND COUNTER-WEIGHT SYSTEM, A BALDWIN SF 10 GRAND PIANO AND THE LARGEST MOVIE SCREEN IN LORAIN COUNTY. THEATRE PATRONS ENJOY THE CLARITY AND FIDELITY OF THE CINEMA SOUND SYSTEM. IN 2021 WE ADDED A NEW LIGHTING AND SPEAKER SYSTEM TO UPDATE THE STAGE AND EQUIPMENT INTO CURRENT TECHNOLOGY A NEW MIXING BOARD WILL BE ACQUIRED IN 2022 AND THIS WILL COMPLETE THE TECHNOLOGY UPDATE.
SUMMER YOUTH THEATRE. CHILDREN 8 - 18 CAN ENROLL IN THIS THEATRE WORSHIP DURING THE SUMMER. KIDS WILL LEARN ABOUT THE THEATRE, WORK IN GROUPS TO DESIGN SETS AND COSTUMES, AND WILL END THE SUMMER BY PERFORMING IN THEIR OWN PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Patacky Executive Director | Trustee | 40 | $47,000 |
Dan Kelly President | OfficerTrustee | 8 | $0 |
Nicki Shinsky Secretary | OfficerTrustee | 4 | $0 |
Gary Cerasi Treasurer | OfficerTrustee | 8 | $0 |
Tyrone Howard Vice President | OfficerTrustee | 8 | $0 |
Ronald Wooledge Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $698,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $757,696 |
| Total Program Service Revenue | $508,437 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,875 |
| Net Gain/Loss on Asset Sales | -$356,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,085,093 |
| 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 | $195,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,167 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,492 |
| Advertising and promotion | $338,756 |
| Office expenses | $5,832 |
| Information technology | $1,233 |
| Royalties | $0 |
| Occupancy | $69,730 |
| Travel | $1,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,292 |
| Interest | $478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,007 |
| Insurance | $23,939 |
| All other expenses | $76,807 |
| Total functional expenses | $902,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,366,574 |
| 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 | $2,000 |
| Inventories for sale or use | $11,250 |
| Prepaid expenses and deferred charges | $30,000 |
| Net Land, buildings, and equipment | $1,160,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,570,344 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $249,416 |
| 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 | $531,374 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $780,790 |
| Net assets without donor restrictions | $1,720,691 |
| Net assets with donor restrictions | $68,863 |
| 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 | $2,570,344 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lorain Civic Center Committee Inc has recieved totaling $52,512.
| Awarding Organization | Amount |
|---|---|
Nord Family Foundation Amherst, OH PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $45,000 |
Nord Family Foundation Amherst, OH PURPOSE: FOR REOPENING PALACE THEATER COVID-19 RELIEF | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $2,452,033 |
| Earnings | $310,095 |
| Admin Expense | $26,453 |
| Net Contributions | $222 |
| Other Expense | $10,377 |
| Grants | $102,933 |
| Ending Balance | $2,622,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Energy Innovation Center Institute Inc Pittsburgh, PA | $1,205,835 | $1,830,774 |
Community Theater Project Corporation Pittsburgh, PA | $2,533,416 | $2,200,744 |
Association For The Colonial Theater Phoenixville, PA | $9,083,228 | $1,436,058 |
Tiffin Theatre Inc Tiffin, OH | $2,679,846 | $1,395,141 |
Artists In Motion Inc Indianapolis, IN | $1,277,049 | $1,242,334 |
Cadets Arts And Entertainment Inc Allentown, PA | $729,483 | $1,306,331 |
Chicago Summer Resort Company Charlevoix, MI | $1,907,953 | $1,036,226 |
Canton Palace Theater Association Canton, OH | $2,184,067 | $959,253 |