Stranahan Theater Trust
- Assets
- $6.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 358
- Location
- Toledo, OH
- Founding
- 08/1963
- Data as of
- 08/2023
- EIN
- 34-6560639
Organization Overview
Stranahan Theater Trust, operating under the name Stranahan Theater Great Hall, is located in Toledo, OH. The organization was established in 1963. 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 08/2023, Stranahan Theater Great Hall employed 358 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stranahan Theater Great Hall 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 08/2023, Stranahan Theater Great Hall generated $3.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.3m during the year ending 08/2023. 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
THE STRANAHAN THEATER WITH A CAPACITY OF NEARLY 2,400 SEATS AND THE LARGEST PROSCENIUM STAGE IN NORTHWEST OHIO PROVIDES A WIDE VARIETY OF ENTERTAINMENT THAT ENRICHES THE QUALITY OF LIFE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STRANAHAN THEATER TRUST WAS ESTABLISHED AS A NON-PROFIT IN 1969 AND HAS OPERATED CONTINUOUSLY SINCE THEN. OPERATING AS THE STRANAHAN THEATER AND GREAT HALL, IT HAS BEEN USED AS A PREMIER NON-PROFIT VENUE BY CITIZENS THROUGHOUT NORTHWEST OHIO AND SOUTHEAST MICHIGAN. WITH A CAPACITY OF NEARLY 2,400 SEATS, THE STRANAHAN IS THE LARGEST PROSCENIUM STAGE THEATER IN NORTHWEST OHIO. THE STRANAHAN THEATER AND GREAT HALL IS HOST TO LOCAL DANCE RECITALS, GRADUATIONS, ORCHESTRAS, OTHER LOCAL NON-PROFITS, WEDDINGS, DANCE COMPETITIONS, AS WELL AS NATIONAL ACTS AND BROADWAY. WITH ITS WIDE VARIETY OF PROGRAMMING, WE ARE ABLE TO ENHANCE THE QUALITY OF LIFE OF THE PATRONS WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Byrne Interim Executive Director, End 11/22 | Officer | 40 | $10,769 |
Jared Lefevre Trustee, Beg 6/23 | Trustee | 0.5 | $0 |
Jeffrey Maxie Trustee, Beg 6/23 | Trustee | 0.5 | $0 |
William Foster Chairman | OfficerTrustee | 0.5 | $0 |
Jan Skunda Vice Chairman | OfficerTrustee | 0.5 | $0 |
Adele Jaison Treasurer, End 12/22 | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $175,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,850 |
| Total Program Service Revenue | $2,313,650 |
| Investment income | $73,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,025,794 |
| 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. | $11,269 |
| Compensation of current officers, directors, key employees. | $2,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $672,973 |
| Pension plan accruals and contributions | $11,648 |
| Other employee benefits | $76,138 |
| Payroll taxes | $33,681 |
| Fees for services: Management | $359,007 |
| 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 | $75,419 |
| Advertising and promotion | $4,128 |
| Office expenses | $25,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $328,649 |
| Insurance | $87,637 |
| All other expenses | $98,916 |
| Total functional expenses | $2,287,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,971,969 |
| Savings and temporary cash investments | $728,099 |
| Pledges and grants receivable | $66,872 |
| Accounts receivable, net | $73,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,144 |
| Prepaid expenses and deferred charges | $31,535 |
| Net Land, buildings, and equipment | $2,835,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,462 |
| Total assets | $6,778,294 |
| Accounts payable and accrued expenses | $519,455 |
| Grants payable | $0 |
| Deferred revenue | $431,974 |
| 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 | $250,583 |
| Other liabilities | $1,063,309 |
| Total liabilities | $2,265,321 |
| Net assets without donor restrictions | $4,112,973 |
| Net assets with donor restrictions | $400,000 |
| 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 | $6,778,294 |