Argenta Community Theatre
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- North Little Rock, AR
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-3135351
Organization Overview
Argenta Community Theatre is located in North Little Rock, AR. The organization was established in 2008. 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 12/2022, Argenta Community Theatre employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Argenta Community 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 12/2022, Argenta Community Theatre generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $998.8k during the year ending 12/2022. While expenses have increased by 12.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE COMMUNITY THROUGH EDUCATION AND ADVANCEMENT OF THE PERFORMING ARTS. THROUGH ITS FACILITIES, ACT ALSO SEEKS TO STRENGTHEN COOPERATION AMONG NON-PROFITS WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARGENTA COMMUNITY THEATER OFFERED FIVE THEATRICAL PRODUCTIONS IN 2021. ARGENTA COMMUNITY THEATER PROVIDED TO THE COMMUNITY ACCESS TO A BLACK BOX THEATER FOR A NOMINAL FEE. ARGENTA COMMUNITY THEATER ALSO OFFERED THEIR FACILITY TO COMMUNITY NONPROFIT ORGANIZATIONS AT A REDUCED RATE.
ACTING UP IS A SUMMER PERFORMING ARTS CAMP FOR CHILDREN IN GRADES THREE THROUGH TWELVE. IT SERVES OUR LOCAL COMMUNITY BY PROVIDING A SAFE AND SUPPORTIVE ENVIRONMENT FOR CHILDREN TO EXPLORE CREATIVITY AND EXPRESSION, WHILE ALSO PROVIDING SUMMER CHILD CARE AND A HEALTHY LUNCH DURING THE TWO WEEKS THAT CHILDREN ATTEND CAMP. CAMPERS REPRESENT A BROAD RANGE OF DEMOGRAPHICS, AND NEED BASED SCHOLARSHIPS ARE AVAILABLE TO STUDENTS FOR WHOM TUITION IS A BARRIER TO ATTENDANCE. CAMPERS ENGAGE IN IMMERSIVE PARTICIPATION IN THEATER, MUSIC, DANCE AND FILM, CULMINATING IN A FINAL PERFORMANCE FOR FRIENDS AND FAMILY AT THE END OF THE CAMP.
FUNDS GENERATED BY ACT EVENTS WILL BE TURNED BACK INTO THE COMMUNITY AND THE STATE OF ARKANSAS THROUGH GRANTS FOR ARTISTIC ORGANIZATIONS AND STUDENT SCHOLARSHIPS. CONTINUING EDUCATION AND ENTERTAINMENT FOR ALL AGES WILL BE PRESENTED BY ACT THROUGH PROFESSIONAL QUALITY LIVE PRODUCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sydney Wolfe Executive Di | Trustee | 40 | $38,736 |
Jeremy Ables Treasurer | OfficerTrustee | 2 | $0 |
Dr Arness Bennett Director | Trustee | 0.5 | $0 |
Price Feland Legal Counse | OfficerTrustee | 0.5 | $0 |
Tory Dee Freeman Director | Trustee | 0.5 | $0 |
Fletcher Hanson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $284,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $783,771 |
| Total Program Service Revenue | $310,443 |
| Investment income | $8,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,128,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,090 |
| 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 | $185,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,213 |
| Advertising and promotion | $71,872 |
| Office expenses | $39,897 |
| Information technology | $4,530 |
| Royalties | $34,383 |
| Occupancy | $62,086 |
| Travel | $486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,367 |
| Insurance | $30,655 |
| All other expenses | $49,656 |
| Total functional expenses | $998,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,780 |
| 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 | $1,963,851 |
| Investments—publicly traded securities | $385,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,035 |
| Total assets | $2,453,381 |
| Accounts payable and accrued expenses | $70,071 |
| 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 | $72,500 |
| Other liabilities | $0 |
| Total liabilities | $142,571 |
| Net assets without donor restrictions | $2,310,810 |
| 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 | $2,453,381 |