Academy Theatre Foundation
- Assets
- $1.3m
- Revenue
- $547.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Meadville, PA
- Founding
- 08/1989
- Data as of
- 04/2023
- EIN
- 25-1605495
Organization Overview
Academy Theatre Foundation is located in Meadville, PA. The organization was established in 1989. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2023, Academy Theatre Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Theatre Foundation 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 04/2023, Academy Theatre Foundation generated $547.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $402.5k during the year ending 04/2023. While expenses have increased by 3.2% 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
PROVIDE CULTURAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A THEATER TO PROVIDE CULTURAL, EDUCATIONAL AND CIVIC EVENTS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Frampton President | OfficerTrustee | 24 | $0 |
Jessica Whalen Treasurer | OfficerTrustee | 24 | $0 |
Alan Flick Vice President | OfficerTrustee | 24 | $0 |
Jane M Pickens Board Member | Trustee | 4.5 | $0 |
Joan Castelli Secretary | OfficerTrustee | 24 | $0 |
Robert Smith Board Member | Trustee | 4.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,001 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,824 |
| Total Program Service Revenue | $298,944 |
| Investment income | $6,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,826 |
| Net Gain/Loss on Asset Sales | $35 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $547,113 |
| 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 | $98,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,200 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,280 |
| Advertising and promotion | $23,311 |
| Office expenses | $6,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,541 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,214 |
| Insurance | $8,675 |
| All other expenses | $9,000 |
| Total functional expenses | $402,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,142 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40 |
| 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 | $55,009 |
| Net Land, buildings, and equipment | $532,651 |
| Investments—publicly traded securities | $324,583 |
| Investments—other securities | $0 |
| Investments—program-related | $9,295 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,332,720 |
| Accounts payable and accrued expenses | $30,120 |
| Grants payable | $0 |
| Deferred revenue | $7,009 |
| 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 | $37,129 |
| Net assets without donor restrictions | $1,243,053 |
| Net assets with donor restrictions | $52,538 |
| 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 | $1,332,720 |