Verona Area Community Theater Inc
- Assets
- $2.4m
- Revenue
- $456.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Verona, WI
- Founding
- 08/1999
- Data as of
- 09/2023
- EIN
- 39-1936153
Organization Overview
Verona Area Community Theater Inc is located in Verona, WI. The organization was established in 1999. 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. Verona 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 09/2023, Verona Area Community Theater Inc generated $456.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $451.8k during the year ending 09/2023. 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
EDUCATION - PERFORMING ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAM
HOLIDAY SHOW - ELF THE MUSICAL35 COMMUNITY MEMBERS PARTICIPATEDATTENDANCE WAS 3,155
SUMMER SHOW - THE WIZARD OF OZ50 COMMUNITY MEMBERS PARTICPATEDATTENDANCE WAS 2,687
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Nickels President | OfficerTrustee | 2 | $0 |
Sara Ward Cassady Vice President | OfficerTrustee | 2 | $0 |
Elizabeth Kraemer Secretary | OfficerTrustee | 2 | $0 |
Brian Johnson Treasurer | OfficerTrustee | 2 | $0 |
Dee Baldock Comptroller | Trustee | 2 | $0 |
Tom Arnol Director | Trustee | 1 | $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 | $53,386 |
| Noncash contributions included in lines 1a–1f | $5,133 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,386 |
| Total Program Service Revenue | $389,865 |
| Investment income | $7,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| 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 | $456,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,155 |
| 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 | $69,063 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,334 |
| Advertising and promotion | $4,688 |
| Office expenses | $15,092 |
| Information technology | $6,664 |
| Royalties | $27,393 |
| Occupancy | $60,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,764 |
| Insurance | $15,357 |
| All other expenses | $1,040 |
| Total functional expenses | $451,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,874 |
| Savings and temporary cash investments | $7,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,778 |
| 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 | $38,083 |
| Net Land, buildings, and equipment | $1,898,729 |
| Investments—publicly traded securities | $357,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,352,416 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $49,485 |
| 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 | $49,485 |
| 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 | $861,275 |
| Retained earnings, endowment, accumulated income, or other funds | $1,441,656 |
| Total liabilities and net assets/fund balances | $2,352,416 |