Footlite Musicals Inc
- Assets
- $1.3m
- Revenue
- $932.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 03/1959
- Data as of
- 06/2023
- EIN
- 35-6028411
Organization Overview
Footlite Musicals Inc is located in Indianapolis, IN. The organization was established in 1959. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Footlite Musicals 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 06/2023, Footlite Musicals Inc generated $932.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $346.2k during the year ending 06/2023. 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
FOOTLITE MUSICALS IS THE OLDEST COMMUNITY THEATER IN INDIANAPOLIS. OPERATED ENTIRELY BY VOLUNTEERS TO PRESENT BROADWAY STYLE MUSICALS AND MAINTAIN A SUMMER YOUTH PROGRAM FOR ELEMENTARY AGE CHILDREN AND YOUTH TO AGE 25.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOTLITE MUSICALS, INC. IS THE OLDEST COMMUNITY THEATER IN THE CITY OF INDIANAPOLIS. IT IS OPERATED SOLELY BY VOLUNTEERS. THE ARTISTIC TEAMS INCLUDE PROFESSIONALS WITH TRAINING IN MUSIC, EDUCATION, ACTING, DANCE AND TECHNICAL THEATER. THE BUSINESS TEAM INCLUDES ACCOUNTANTS, ATTORNEYS, IT, MARKETING AND OTHER PROFESSIONALS WHO DONATE THEIR SERVICES. FIVE FULL SCALE BROADWAY STYLE MUSICALS ARE CONDUCTED EACH YEAR. PRODUCTIONS ARE OPEN TO ALL AGES AND ARE SELECTED TO APPEAL TO A WIDE AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Les Lee President | OfficerTrustee | 20 | $0 |
Stephen Matters Vice President | OfficerTrustee | 5 | $0 |
Barbara Uggen-Davis Treasurer | OfficerTrustee | 8 | $0 |
Beth Swayze Secretary | Trustee | 4 | $0 |
Kevin Bell Director | OfficerTrustee | 4 | $0 |
Laura Cones Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,200 |
| Fundraising events | $646 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $708,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $710,434 |
| Total Program Service Revenue | $208,596 |
| Investment income | $2,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,500 |
| 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 | $932,174 |
| 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 | $0 |
| 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 | $18,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,366 |
| Office expenses | $6,347 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,258 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,962 |
| Insurance | $35,913 |
| All other expenses | $42,200 |
| Total functional expenses | $346,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,913 |
| Savings and temporary cash investments | $111,753 |
| 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 | $24,518 |
| Net Land, buildings, and equipment | $609,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,345,416 |
| Accounts payable and accrued expenses | $9,920 |
| Grants payable | $0 |
| Deferred revenue | $41,806 |
| 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 | $51,726 |
| Net assets without donor restrictions | $1,293,690 |
| 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 | $1,345,416 |