Friends Of The Midwest Theater
- Assets
- $2.1m
- Revenue
- $746.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Scottsbluff, NE
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 39-1944215
Organization Overview
Friends Of The Midwest Theater is located in Scottsbluff, NE. The organization was established in 2000. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Friends Of The Midwest Theater employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Midwest Theater 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 12/2021, Friends Of The Midwest Theater generated $746.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $548.3k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND PUBLIC ENJOYMENT OF A HISTORIC THEATER BUILDING AND PRESENTATION OF: MAINSTREAM, DOCUMENTARY AND SPECIALTY FILMS; A PERFORMING ARTS SEASON OF MUSIC, DANCE AND THEATRE; YOUTH ARTS EDUCATION AND FILM- RELATED EDUCATIONAL PROGRAMMING; AND COMMUNITY EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION ACQUIRED AND TOTALLY REMODELED A CLASSIC OLD THEATER. THE THEATER IS NOW USED FOR VARIOUS ENTERTAINMENT EVENTS FOR ALL SEGMENTS OF SOCIETY IN WESTERN NEBRASKA. THE OPERATION USES THE SERVICES OF MORE THAN 300 VOLUNTEERS EACH YEAR TO COMPLETE ITS EXEMPT PURPOSE.
ALL OTHER ACCOMPLISHMENTS - THIS ORGANIZATION ACQUIRED HISTORICALLY SIGNIFICANT BUILDINGS, TOTALLY RENOVATING THE STRUCTURES, AND MAKING THEM AVAILABLE FOR CULTURAL EVENTS FROM MOVIES TO LIVE THEATER PRODUCTIONS. THOUSANDS OF INDIVIDUALS AND GROUPS HAVE ENJOYED THE PRODUCTIONS IN THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Estes Executive Di | Officer | 40 | $70,860 |
Laurie Alkire Secretary | OfficerTrustee | 1 | $0 |
Troy Cowan Board Member | OfficerTrustee | 1 | $0 |
Cristina Karpf Board Member | OfficerTrustee | 1 | $0 |
Phil Kelly Ex, Officio | OfficerTrustee | 1 | $0 |
Dick Meyer Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $75,936 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $284,855 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,251 |
| Total Program Service Revenue | $127,257 |
| Investment income | $102,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $746,259 |
| 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. | $70,260 |
| Compensation of current officers, directors, key employees. | $70,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,511 |
| Office expenses | $5,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $110,765 |
| Insurance | $60,335 |
| All other expenses | $22,558 |
| Total functional expenses | $548,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,580 |
| Savings and temporary cash investments | $75,585 |
| 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 | $1,691,677 |
| Investments—publicly traded securities | $129,818 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,136,660 |
| Accounts payable and accrued expenses | $5,431 |
| 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 | $5,431 |
| Net assets without donor restrictions | $2,131,229 |
| 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 | $2,136,660 |