First Folio Theatre
- Assets
- $273.2k
- Revenue
- $408.1k
- Investments
- $0.0
- Employees
- 26
- Location
- Oak Brook, IL
- Founding
- 02/1997
- Data as of
- 08/2021
- EIN
- 36-4091752
Organization Overview
First Folio Theatre is located in Oak Brook, IL. The organization was established in 1997. 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 08/2021, First Folio Theatre employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Folio Theatre 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 08/2021, First Folio Theatre generated $408.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $255.6k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 6 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
PRODUCTIONS OF LIVE CLASSIC THEATRE FOR CULTURAL ENRICHMENT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTIONS OF LIVE CLASSIC THEATRE FOR CULTURAL ENRICHMENT OF THE COMMUNITY.
PRODUCTIONS OF LIVE CLASSIC THEATRE FOR CULTURAL ENRICHMENT OF THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Rice Executive Direc | Officer | 40 | $37,384 |
Lawrence Krupp Board Chairman | OfficerTrustee | 4 | $0 |
Patricia Noska Board Secretary | OfficerTrustee | 6 | $0 |
Brian Mckillip Trustee | Trustee | 4 | $0 |
Elizabeth Krainc Trustee | Trustee | 4 | $0 |
Alan Becker Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,843 |
| Total Program Service Revenue | $47,941 |
| Investment income | $0 |
| 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 | $13,357 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,141 |
| 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. | $37,284 |
| Compensation of current officers, directors, key employees. | $15,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,976 |
| Payroll taxes | $14,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $195 |
| Advertising and promotion | $9,524 |
| Office expenses | $9,122 |
| Information technology | $0 |
| Royalties | $500 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $732 |
| Conferences, conventions, and meetings | $0 |
| Interest | $220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,804 |
| Insurance | $4,034 |
| All other expenses | $8,501 |
| Total functional expenses | $255,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,617 |
| Savings and temporary cash investments | $15,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $30,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $273,162 |
| Accounts payable and accrued expenses | $21,934 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $45,136 |
| Other liabilities | $0 |
| Total liabilities | $217,070 |
| Net assets without donor restrictions | $56,092 |
| 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 | $273,162 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that First Folio Theatre has recieved totaling $20,600.
| Awarding Organization | Amount |
|---|---|
Dupage Community Foundation Downers Grove, IL PURPOSE: ARTS, CULTURE | $20,000 |
Leo J And Roslyn L Krupp Fam Foundation Northbrook, IL PURPOSE: UNRESTRICTED | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |