Croswell Opera House & Fine Arts Association
- Assets
- $8.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Adrian, MI
- Founding
- 12/1967
- Data as of
- 12/2020
- EIN
- 38-6144993
Organization Overview
Croswell Opera House & Fine Arts Association is located in Adrian, MI. The organization was established in 1967. 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 12/2021, Croswell Opera House & Fine Arts Association employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Croswell Opera House & Fine Arts Association 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 12/2020, Croswell Opera House & Fine Arts Association generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PERPETUATE THE ARTS AND TO PRESERVE THE HERITAGE OF ITS HISTORIC BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADWAY SEASON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Hammond President | OfficerTrustee | 0.5 | $0 |
Brenda Baker Past Preside | OfficerTrustee | 0.5 | $0 |
Stephen Kiersey 2nd Vice Pre | OfficerTrustee | 0.5 | $0 |
Christopher Phillips Treasurer | OfficerTrustee | 0.5 | $0 |
Pam Adair Secretary | OfficerTrustee | 0.5 | $0 |
Clarke Baldwin Parliamentar | OfficerTrustee | 0.5 | $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 | $870,466 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $870,466 |
| Total Program Service Revenue | $73,874 |
| Investment income | $32,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,272 |
| Net Gain/Loss on Asset Sales | $3,161 |
| Net Income from Fundraising Events | $158,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,251,703 |
| 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 | $422,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,931 |
| Payroll taxes | $32,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,623 |
| Fees for services: Other | $39,828 |
| Advertising and promotion | $16,604 |
| Office expenses | $58,759 |
| Information technology | $0 |
| Royalties | $10,309 |
| Occupancy | $58,578 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $276,637 |
| Insurance | $34,178 |
| All other expenses | $7,430 |
| Total functional expenses | $1,164,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $46,031 |
| 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 | $17,200 |
| Prepaid expenses and deferred charges | $14,436 |
| Net Land, buildings, and equipment | $6,678,717 |
| Investments—publicly traded securities | $1,562,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,694 |
| Total assets | $8,732,853 |
| Accounts payable and accrued expenses | $5,601 |
| Grants payable | $0 |
| Deferred revenue | $108,703 |
| 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 | $1,400,977 |
| Other liabilities | $12,842 |
| Total liabilities | $1,528,123 |
| Net assets without donor restrictions | $6,964,573 |
| Net assets with donor restrictions | $240,157 |
| 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 | $8,732,853 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Croswell Opera House & Fine Arts Association has recieved totaling $155,954.
| Awarding Organization | Amount |
|---|---|
Lenawee Community Foundation Adrian, MI PURPOSE: OPERATIONS | $85,856 |
Promedica Health System Inc Toledo, OH PURPOSE: CHARITABLE DONATION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Endowment Analysis
| Beg. Balance | $1,562,420 |
| Earnings | $237,558 |
| Other Expense | $237,792 |
| Ending Balance | $1,562,186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Cincinnati Shakespeare Company Cincinnati, OH | $14,840,812 | $4,731,587 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |
Shadoart Productions Inc Columbus, OH | $8,163,963 | $3,721,440 |