State Theatre Of Ithaca Inc
- Assets
- $1.2m
- Revenue
- $586.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Ithaca, NY
- Founding
- 02/2009
- Data as of
- 06/2021
- EIN
- 30-0520118
Organization Overview
State Theatre Of Ithaca Inc is located in Ithaca, NY. The organization was established in 2009. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, State Theatre Of Ithaca Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Theatre Of Ithaca 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 06/2021, State Theatre Of Ithaca Inc generated $586.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $546.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT TOP-QUALITY ENTERTAINMENT IN A VARIETY OF FORMATS TO ENHANCE THE LIVES OF RESIDETNS OF ITHACA AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP, TICKET SALES, AND ADVERTISING FOR THE STATE THEATRE PRESENTED PERFORMANCES
OFFICE, APARTMENT, AND STORE FRONT RENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Levine Executive Director | Officer | 40 | $76,780 |
Ethan Ash Secretary | Officer | 2 | $0 |
Wendy Marsh Vice President | Officer | 2 | $0 |
Kim Yeoh Treasurer | Officer | 2 | $0 |
Fred Bonn President | Officer | 2 | $0 |
Rob Gearhart Past President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $424,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $514,720 |
| Total Program Service Revenue | $37,905 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,000 |
| Net Gain/Loss on Asset Sales | -$4,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $586,872 |
| 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. | $76,780 |
| Compensation of current officers, directors, key employees. | $76,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $12,652 |
| Advertising and promotion | $1,103 |
| Office expenses | $43,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,552 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,858 |
| Insurance | $0 |
| All other expenses | $7,767 |
| Total functional expenses | $546,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,838 |
| Savings and temporary cash investments | $26,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,783 |
| 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 | $20,248 |
| Net Land, buildings, and equipment | $981,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,120 |
| Total assets | $1,173,421 |
| Accounts payable and accrued expenses | $31,509 |
| Grants payable | $0 |
| Deferred revenue | $243,758 |
| 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 | $665,773 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,700 |
| Total liabilities | $944,740 |
| Net assets without donor restrictions | $196,096 |
| Net assets with donor restrictions | $32,585 |
| 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 | $1,173,421 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that State Theatre Of Ithaca Inc has recieved totaling $129,681.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $40,450 |
Upstate Theater Coalition For A Fairgame Inc Schenectady, NY PURPOSE: SUPPORT OF THE ARTS | $22,959 |
Steven And Marcy Schaeffer Family Foundation Inc Ithaca, NY PURPOSE: TO SUPPORT ARTS AND ENTERTAINMENT | $20,000 |
Peter V Browning Family Foundation Inc Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $15,000 |
Legacy Foundation Of Tompkins County Ithaca, NY PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS | $10,000 |
Yhb Charitable Endowment Inc West Hartford, CT PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |