Ironwood Theatre Inc
- Assets
- $900.4k
- Revenue
- $246.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Ironwood, MI
- Founding
- 03/1989
- Data as of
- 09/2022
- EIN
- 38-2833204
Organization Overview
Ironwood Theatre Inc is located in Ironwood, MI. The organization was established in 1989. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Ironwood Theatre Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironwood Theatre 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 09/2022, Ironwood Theatre Inc generated $246.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $245.9k during the year ending 09/2022. While expenses have increased by 4.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VISION OF THE HISTORIC IRONWOOD THEATRE IS ALL GENERATIONS PERSONALLY EXPERIENCE THE JOY OF THEATRE COMMUNITY.MISSION: TO PRESERVE AND PROVIDE AN ICONIC FACILITY WHERE EVERYONE IS INVITED TO DISCOVER AND ENJOY THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN THE HISTORIC IRONWOOD THEATRE, PROVIDING DIVERSE, HIGH QUALITY ENTERTAINMENT, ENCOURAGE AND FACILITATE YOUTH ENGAGMENT IN THE CRATION OF PREFORMING ARTS, AND THROUGH COOPERATIVE PROGRAMING PROVIDE A VEHICLE FOR OTHER COMMUNITY ORGANIZATIONS TO EXPOSE AREA RESIDENTS AND VISITORS TO THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Greenhill Executive Director | Officer | 0 | $36,606 |
Susie Filippo Secretary | Officer | 4 | $0 |
Jackie Powers Treasurer | Officer | 5 | $0 |
Douglas Muskett Vice President | Officer | 5 | $0 |
Zona Wick President | Officer | 5 | $0 |
Stacy Wood Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,570 |
| Related organizations | $0 |
| Government grants | $27,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,696 |
| Total Program Service Revenue | $107,651 |
| Investment income | $10,154 |
| 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 | $246,501 |
| 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. | $48,773 |
| Compensation of current officers, directors, key employees. | $9,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,749 |
| Fees for services: Other | $69,936 |
| Advertising and promotion | $6,284 |
| Office expenses | $13,040 |
| Information technology | $0 |
| Royalties | $1,929 |
| Occupancy | $29,904 |
| 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 | $34,206 |
| Insurance | $10,084 |
| All other expenses | $0 |
| Total functional expenses | $245,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,002 |
| Savings and temporary cash investments | $333,624 |
| 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 | $981 |
| Prepaid expenses and deferred charges | $6,095 |
| Net Land, buildings, and equipment | $404,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,113 |
| Total assets | $900,393 |
| Accounts payable and accrued expenses | $6,488 |
| Grants payable | $0 |
| Deferred revenue | $10,850 |
| 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 | $16,758 |
| Other liabilities | $0 |
| Total liabilities | $34,096 |
| Net assets without donor restrictions | $866,297 |
| 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 | $900,393 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Ironwood Theatre Inc has recieved totaling $4,395.
| Awarding Organization | Amount |
|---|---|
Banfield Inc Marenisco, MI PURPOSE: CULTURAL EVENTS | $2,000 |
Banfield Inc Marenisco, MI PURPOSE: CULTURAL EVENTS | $2,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $200 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $95 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Playhouse Square Foundation Cleveland, OH | $326,085,880 | $24,719,658 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Broadway Grand Rapids Grand Rapids, MI | $2,343,299 | $13,547,749 |
Detroit Opera Detroit, MI | $46,812,293 | $9,178,032 |
Fox Cities Performing Arts Center Inc Appleton, WI | $82,069,378 | $12,172,619 |
Confluence Council Inc Eau Claire, WI | $3,541,289 | $9,499,634 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Music Hall Center For The Performing Arts Inc Detroit, MI | $3,982,183 | $5,279,340 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Great Lakes Center For The Arts Bay Harbor, MI | $37,486,193 | $6,372,255 |
Playhouse Square Development Corporation Cleveland, OH | $842,822 | $0 |