Racine Theatre Guild Inc
- Assets
- $1.2m
- Revenue
- $862.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Racine, WI
- Founding
- 09/1940
- Data as of
- 06/2020
- 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 06/2021, 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 06/2020, Racine Theatre Guild Inc generated $862.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $718.1k during the year ending 06/2020. 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
THE THEATRICAL PRODUCTIONS OF THE RACINE THEATRE GUILD ALLOW THE LOCAL COMMUNITY THE OPPORTUNITY TO PARTICIPATE IN THE THEATRICAL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 | $67,581 |
Joycelyn Fish Member | Trustee | 1 | $45,974 |
Steen Sanderhoff President | OfficerTrustee | 1 | $0 |
Ken Smerchek Treasurer | OfficerTrustee | 1 | $0 |
Bob Benson Vice President | OfficerTrustee | 1 | $0 |
Mary Sue Langendorf Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,493 |
| Investment income | $5,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $645 |
| Net Gain/Loss on Asset Sales | $5,841 |
| Net Income from Fundraising Events | -$3,434 |
| Net Income from Gaming Activities | $12,537 |
| Net Income from Sales of Inventory | $15,221 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $862,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,105 |
| Compensation of current officers, directors, key employees. | $131,560 |
| Compensation to disqualified persons | $114,739 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,600 |
| Other employee benefits | $6,377 |
| Payroll taxes | $16,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,362 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,907 |
| Office expenses | $30,613 |
| Information technology | $2,134 |
| Royalties | $39,765 |
| Occupancy | $52,792 |
| Travel | $205 |
| 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 | $37,365 |
| Insurance | $14,583 |
| All other expenses | $0 |
| Total functional expenses | $718,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445 |
| Savings and temporary cash investments | $884,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,365 |
| 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 | $90,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,215,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $194,755 |
| 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 | $37,407 |
| Other liabilities | $175 |
| Total liabilities | $232,337 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $983,064 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Racine Theatre Guild Inc has recieved totaling $42,727.
| Awarding Organization | Amount |
|---|---|
Racine Community Foundation Inc Racine, WI PURPOSE: TO PROVIDE OPERATIONAL SUPPORT | $33,916 |
Green Bay Packers Foundation Green Bay, WI PURPOSE: RACINE CHILDRENS THEATRE PACKY ELEPHANT MASCOT | $4,000 |
The Norbell Foundation Appleton, WI PURPOSE: GENERAL OPERATING EXPENSES | $4,000 |
Col L C Christensen Charitable & Religious Foundation Inc Racine, WI PURPOSE: GENERAL SUPPORT | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $211 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Theatre Foundation Minneapolis, MN | $150,141,249 | $18,685,485 |
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Hennepin Theatre Tr Minneapolis, MN | $22,588,604 | $4,825,873 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |
Lookingglass Theatre Company Chicago, IL | $2,356,485 | $3,866,114 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |