Little Art Theatre Association
- Assets
- $561.6k
- Revenue
- $186.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Yellow Springs, OH
- Founding
- 09/2009
- Data as of
- 12/2022
- EIN
- 26-4341066
Organization Overview
Little Art Theatre Association is located in Yellow Springs, OH. The organization was established in 2009. 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 12/2022, Little Art Theatre Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Art Theatre Association 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, Little Art Theatre Association generated $186.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $262.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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 PROMOTE THE ART OF CINEMA, BY PROVIDING PUBLIC FILMS OF CULTURAL, SOCIAL, AND/OR HISTORICAL INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LITTLE ART THEATRE SPECIALIZES IN ART, INDEPENDENT, INTERNATIONAL, EDUCATIONAL, AND CULTURAL FILM PROGRAMING; ACCESSIBLE TO ALL ECONOMIC, AGE, AND SOCIAL GROUPS, THE THEATRE FUNCTIONS AS A COMMUNITY GATHERING SPACE AS WELL AS A MOVIE THEATRE AND IS A VENUE FOR FILMMAKERS TO SHOWCASE THEIR WORK. IT HOSTS MANY SPECIAL EVENTS THROUGHOUT THE YEAR, SOME OF WHICH ARE FREE TO THE PUBLIC. DUE TO COVID-19, ATTENDANCE HAS NOT YET REACHED PRE-COVID LEVELS BUT HAS BEEN STEADILY GROWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Fife President | OfficerTrustee | 2 | $0 |
Sharon Greitzer Vice President | OfficerTrustee | 2 | $0 |
Sarah Courtright Secretary | OfficerTrustee | 2 | $0 |
Jeff Mcwilliams Treasurer | OfficerTrustee | 2 | $0 |
Jordan Fisher Member | Trustee | 2 | $0 |
Erin Hill Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,799 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,794 |
| Total Program Service Revenue | $110,289 |
| Investment income | $5,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,095 |
| 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 | $186,595 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $2,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $5,972 |
| Advertising and promotion | $10,848 |
| Office expenses | $6,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,882 |
| 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 | $30,688 |
| Insurance | $4,633 |
| All other expenses | $20,552 |
| Total functional expenses | $262,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,745 |
| Savings and temporary cash investments | $348,547 |
| 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 | $180,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,479 |
| Other assets | $0 |
| Total assets | $561,618 |
| Accounts payable and accrued expenses | -$1,040 |
| 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 | $0 |
| Other liabilities | $5,827 |
| Total liabilities | $4,787 |
| Net assets without donor restrictions | $556,831 |
| 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 | $561,618 |