Weathervane Community Playhouse Inc
- Assets
- $3.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Akron, OH
- Founding
- 07/1949
- Data as of
- 07/2023
- EIN
- 34-6560923
Organization Overview
Weathervane Community Playhouse Inc is located in Akron, OH. The organization was established in 1949. 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 07/2023, Weathervane Community Playhouse Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weathervane Community Playhouse 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 07/2023, Weathervane Community Playhouse Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.4m during the year ending 07/2023. While expenses have increased by 4.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES WEATHERVANE PLAYHOUSE, LOCATED IN AKRON, OHIO, IS A COMMUNITY THEATER THAT OFFERS A RANGE OF ACTIVITIES AND PROGRAMS RELATED TO THEATRICAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LIVE THEATRICAL PERFORMANCES WITH VOLUNTEER ACTING AND PRODUCTION SERVICES. THE OBJECTIVES OF THIS PROGRAM INCLUDE PRODUCING A FULL SEASON OF PLAYS AND MUSICALS GUIDED BY PROFESSIONAL DIRECTORS AND PROVIDING ONSTAGE AND BACKSTAGE EXPERIENCES FOR VOLUNTEER ACTORS AND TECHNICAL STAFF. WEATHERVANE PRODUCED A FULL SEASON OF SEVEN SHOWS WITH 100 INDIVIDUAL PERFORMANCES. THESE PERFORMANCES WERE SAW ATTENDANCE AT A RATE OF 88% OF ALL AVAILABLE SEATS.
WEATHERVANE'S EDUCATIONAL PROGRAMMING REACHES OVER 9,000 CHILDREN IN NORTHEAST OHIO AND BEYOND THROUGH ON AND OFF-SITE PROGRAMMING. THESE PROGRAMS INCLUDE ON-SITE CLASSES, WORKSHOPS, AND MASTER CLASSES IN ADDITION TO OFF-SITE OUTREACH PROGRAMS WITHIN THE COMMUNITY. CLASSES OFFERED INCLUDE ACTING, IMPROVISATION, AUDITIONING, DANCE, VISUAL ARTS, VOCAL TRAINING, MUSICAL THEATRE, AND MORE FOR AGES 3 AND UP. CLASSES ARE PROVIDED FOR CHILDREN AND ADULTS AT THE BEGINNING, INTERMEDIATE, AND ADVANCED LEVELS. WEATHERVANE'S CORE CLASS CURRICULUM PROVIDES EVERY STUDENT WITH EXCEPTIONAL, CONSISTENT, DRAMATIC TRAINING WHILE MEETING THE STATE ACADEMIC BENCHMARKS WITHIN THE APPLIED FINE ART, AND ARE IN LINE WITH STANDARDS SET BY AKRON PUBLIC SCHOOLS, FOR WHICH THE PLAYHOUSE PROVIDES EDUCATIONAL OPPORTUNITIES AT COMMUNITY LEARNING CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Ashcroft Trustee | Trustee | 3 | $0 |
Frank Castorena Trustee | Trustee | 3 | $0 |
Tiffany Edwards Trustee | Trustee | 3 | $0 |
Joseph Geiger Trustee | Trustee | 3 | $0 |
Rance Mack Trustee | Trustee | 3 | $0 |
Diane Geiger PHD Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,106 |
| Total Program Service Revenue | $769,443 |
| Investment income | $55,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,446 |
| Net Income from Fundraising Events | $6,388 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $39,814 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,584 |
| 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. | $68,135 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $480,003 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $61,631 |
| Other employee benefits | $0 |
| Payroll taxes | $43,014 |
| Fees for services: Management | $6,372 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,583 |
| Office expenses | $22,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,855 |
| 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 | $111,623 |
| Insurance | $14,279 |
| All other expenses | $40,766 |
| Total functional expenses | $1,380,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $115,894 |
| Accounts receivable, net | $4,985 |
| 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 | $71,700 |
| Net Land, buildings, and equipment | $1,560,346 |
| Investments—publicly traded securities | $1,511,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,287 |
| Total assets | $3,548,136 |
| Accounts payable and accrued expenses | $51,604 |
| Grants payable | $0 |
| Deferred revenue | $184,205 |
| 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 | $235,809 |
| Net assets without donor restrictions | $3,043,962 |
| Net assets with donor restrictions | $268,365 |
| 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 | $3,548,136 |