Park Theatre Foundation
- Assets
- $269.8k
- Revenue
- $685.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Holland, MI
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 38-3631936
Organization Overview
Park Theatre Foundation is located in Holland, MI. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Theatre Foundation 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 12/2023, Park Theatre Foundation generated $685.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $718.1k during the year ending 12/2023. While expenses have increased by 12.5% 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
HOLLAND PARK THEATRE IS A HISTORIC, MULTI-USE PERFORMANCE VENUE PROVIDING UNIQUE OPPORTUNITIES TO CREATE AND CELEBRATE THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND OPERATION OF PARK THEATRE IN HOLLAND MICHIGAN, AS A CULTURAL AND HISTORIC ASSET FOR THE BENEFIT OF THE GREATER HOLLAND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Carter Director | OfficerTrustee | $0 | |
Dan Driesenga Director | OfficerTrustee | $0 | |
Beth Durkee Director | OfficerTrustee | $0 | |
Justin Carter Treasurer | Officer | $0 | |
Jon Cusack President | Officer | $0 | |
Dave Stanton Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,385 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,796 |
| Total Program Service Revenue | $658,505 |
| Investment income | $321 |
| 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 | $685,622 |
| 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 | $46,148 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $487,668 |
| Advertising and promotion | $65,897 |
| Office expenses | $9,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,789 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,623 |
| Insurance | $5,666 |
| All other expenses | $4,907 |
| Total functional expenses | $718,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,901 |
| 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 | $193,440 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $269,769 |
| Accounts payable and accrued expenses | $4,850 |
| Grants payable | $0 |
| Deferred revenue | $11,508 |
| 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 | $1,477 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,835 |
| Net assets without donor restrictions | $251,934 |
| 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 | $269,769 |