Racine Theatre Guild Inc
- Assets
- $1.7m
- Revenue
- $743.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Racine, WI
- Founding
- 09/1940
- Data as of
- 06/2023
- EIN
- 39-0981929
Organization Overview
Racine Theatre Guild Inc is located in Racine, WI. The organization was established in 1940. 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 06/2023, Racine Theatre Guild Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine Theatre Guild 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, Racine Theatre Guild Inc generated $743.4k 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 $866.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE THEATRICAL PRODUCTIONS OF THE RACINE THEATRE GUILD ALLOW THE LOCAL COMMUNITY THE OPPORTUNITY TO PARTICIPATE IN ALL ASPECTS OF THE THEATRICAL EXPERIENCE.
Describe the Organization's Program Activity:
THE THEATRICAL PRODUCTIONS OF THE RACINE THEATRE GUILD ALLOW THE LOCAL COMMUNITY THE OPPORTUNITY TO PARTICIPATE IN ALL ASPECTS OF THE THEATRICAL EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Instenes Managing Art Director | OfficerTrustee | 40 | $79,200 |
Joycelyn Fish Director Of Marketing & Development | Trustee | 40 | $51,200 |
Steen Sanderhoff President | OfficerTrustee | 1 | $0 |
Ian Anderson Vice-President | OfficerTrustee | 1 | $0 |
Stacey Malacara Secretary | OfficerTrustee | 1 | $0 |
Ken Smerchek Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,040 |
| Total Program Service Revenue | $472,723 |
| Investment income | $36,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,329 |
| Net Income from Fundraising Events | $4,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,412 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $743,374 |
| 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 | $7,870 |
| Compensation of current officers, directors, key employees. | $130,400 |
| Compensation of current officers, directors, key employees. | $39,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,181 |
| Payroll taxes | $23,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,767 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,321 |
| Office expenses | $10,831 |
| Information technology | $4,239 |
| Royalties | $56,328 |
| Occupancy | $82,019 |
| Travel | $163 |
| 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 | $32,926 |
| Insurance | $17,800 |
| All other expenses | $69,492 |
| Total functional expenses | $866,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445 |
| Savings and temporary cash investments | $673,880 |
| 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 | $59,641 |
| Net Land, buildings, and equipment | $206,975 |
| Investments—publicly traded securities | $778,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,719,928 |
| Accounts payable and accrued expenses | $6,253 |
| Grants payable | $0 |
| Deferred revenue | $185,621 |
| 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 | $191,874 |
| Net assets without donor restrictions | $1,528,054 |
| 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 | $1,719,928 |