Lakeshore Players Inc
- Assets
- $7.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 24
- Location
- White Bear Lake, MN
- Founding
- 05/1958
- Data as of
- 06/2024
- EIN
- 41-6038716
Organization Overview
Lakeshore Players Inc is located in White Bear Lake, MN. The organization was established in 1958. 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 06/2024, Lakeshore Players Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore Players 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, Lakeshore Players Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ENRICHMENT AND EDUCATION OPPORTUNITIES FOR THE COMMUNITY THROUGH THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MAINSTAGE PROGRAM HAD 103 INDIVIDUAL PERFORMANCES THAT WERE ATTENDED BY OVER 15,000 PATRONS. OUR CONCERT AND PRESENTATION PROGRAM HAD 8 INDIVIDUAL EVENTS THAT WERE ATTENDED BY OVER 1,400 PATRONS. OUR EDUCATION PROGRAM HAD 15 CLASSES AND WORKSHOPS, AND HAD 228 STUDENT PARTICIPANTS. WE ALSO HAD 7 PERFORMANCES THAT WERE ATTENDED BY OVER 1150 PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Buehrer Director | Trustee | 3 | $0 |
Dennis Conroy Director | Trustee | 3 | $0 |
Diane Nixa Secretary | OfficerTrustee | 3 | $0 |
Frank Mabley Director | Trustee | 3 | $0 |
Gary Anderson Director | Trustee | 3 | $0 |
Jp Barone Governance Officer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,492 |
| Related organizations | $0 |
| Government grants | $54,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,751 |
| Total Program Service Revenue | $541,584 |
| Investment income | $25,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,000,339 |
| 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. | $123,315 |
| Compensation of current officers, directors, key employees. | $30,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,226 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,444 |
| Advertising and promotion | $39,109 |
| Office expenses | $49,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,888 |
| Travel | $1,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,809 |
| Insurance | $47,113 |
| All other expenses | $20,554 |
| Total functional expenses | $1,413,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,331 |
| Savings and temporary cash investments | $484,863 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,507 |
| 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 | $6,290 |
| Net Land, buildings, and equipment | $7,331,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,940,941 |
| Accounts payable and accrued expenses | $22,434 |
| Grants payable | $0 |
| Deferred revenue | $25,481 |
| 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 | $47,915 |
| Net assets without donor restrictions | $7,793,026 |
| Net assets with donor restrictions | $100,000 |
| 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 | $7,940,941 |