Area Community Theater Inc
- Assets
- $1.0m
- Revenue
- $259.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Tomah, WI
- Founding
- 10/1978
- Data as of
- 06/2024
- EIN
- 39-1305309
Organization Overview
Area Community Theater Inc is located in Tomah, WI. The organization was established in 1978. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Area Community Theater 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 06/2024, Area Community Theater Inc generated $259.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $141.9k during the year ending 06/2024. While expenses have increased by 4.8% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ENCOURAGE AND INCREASE THE PUBLIC'S KNOWLEDGE AND APPRECIATION FOR THE ARTS AND FOSTER THEIR GROWTH AND PRACTICE.
Describe the Organization's Program Activity:
EDUCATES PARTICIPANTS AND GENERAL PUBLIC AS TO THE HISTORY OF THEATER AND THE COMMITMENT THAT IS NECESSARY TO PRODUCE A QUALITY PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Dana Board Member | Trustee | 2 | $0 |
Steve Jones Board Member | Trustee | 2 | $0 |
Amy Kleespies Board Member | Trustee | 2 | $0 |
Sharon Larkin Board Member | Trustee | 2 | $0 |
Amanda Schmock Board Member | Trustee | 2 | $0 |
Shannon Wilcox Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $460 |
| Fundraising events | $5,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,869 |
| Total Program Service Revenue | $69,373 |
| Investment income | $580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,018 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $259,499 |
| 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 | $13,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,876 |
| Office expenses | $9,092 |
| Information technology | $0 |
| Royalties | $11,482 |
| Occupancy | $37,981 |
| Travel | $1,000 |
| 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 | $27,205 |
| Insurance | $7,176 |
| All other expenses | $2,813 |
| Total functional expenses | $141,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,928 |
| Savings and temporary cash investments | $188,745 |
| 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 | $0 |
| Net Land, buildings, and equipment | $825,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,029,636 |
| Accounts payable and accrued expenses | $36,028 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $36,028 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $993,608 |
| Total liabilities and net assets/fund balances | $1,029,636 |