Magical Theatre Company
- Assets
- $3.0m
- Revenue
- $662.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Barberton, OH
- Founding
- 02/1977
- Data as of
- 06/2022
- EIN
- 34-1196629
Organization Overview
Magical Theatre Company is located in Barberton, OH. The organization was established in 1977. 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 06/2022, Magical Theatre Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magical Theatre Company 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 06/2022, Magical Theatre Company generated $662.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $470.9k during the year ending 06/2022. 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
EDUCATION THE THEATRE IS A NOT-FOR-PROFIT, RESIDENT AND TOURING EDUCATIONAL AND ENTERTAINMENT RESOURCE FOR YOUNG AUDIENCES AND FAMILIES. WE PROVIDE ENHANCED LEARNING, GROWTH AND CIVIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVE THEATRE ENTERTAINMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Papp Bd President | Officer | 1 | $0 |
Louis Sukie Bd Member | Trustee | 0 | $0 |
Donald Baker Secretary-Treasurer | Officer | 1 | $0 |
Martha Bidlingmyer Bd Member | Trustee | 1 | $0 |
Catherine Bulgrin Vice President | Officer | 0 | $0 |
Jason Ondrus Bd Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,528 |
| Total Program Service Revenue | $116,151 |
| Investment income | $8,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,962 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $662,330 |
| 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 | $25,078 |
| Pension plan accruals and contributions | $2,998 |
| Other employee benefits | $13,912 |
| Payroll taxes | $11,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,436 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,293 |
| Office expenses | $13,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,053 |
| Travel | $2,016 |
| 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 | $59,195 |
| Insurance | $17,927 |
| All other expenses | $0 |
| Total functional expenses | $470,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,046,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,155 |
| 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 | $8,060 |
| Net Land, buildings, and equipment | $1,655,925 |
| Investments—publicly traded securities | $320,113 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,048,643 |
| Accounts payable and accrued expenses | $7,746 |
| Grants payable | $0 |
| Deferred revenue | $61,516 |
| 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 | $69,262 |
| Net assets without donor restrictions | $2,979,381 |
| 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 | $3,048,643 |