Lakeshore Players Inc
- Assets
- $9.4m
- Revenue
- $852.5k
- Investments
- $0.0
- Employees
- 18
- Location
- White Bear Lake, MN
- Founding
- 05/1958
- Data as of
- 06/2022
- 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 06/2022, Lakeshore Players Inc employed 18 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 06/2022, Lakeshore Players Inc generated $852.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
2022
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 65 INDIVIDUAL PERFORMANCES THAT WERE ATTENDED BY OVER 9,000 PATRONS. OUR CONCERT PROGRAM HAD 25 INDIVIDUAL CONCERTS THAT WERE ATTENDED BY OVER 1,500 PATRONS. OUR EDUCATION PROGRAM HAD 16 CLASSES AND WORKSHOPS AND HAD 279 STUDENT PARTICIPANTS. WE ALSO HAD 13 INDIVIDUAL PERFORMANCES THAT WERE ATTENDED BY OVER 650 PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Thomas Executive Director | Officer | 50 | $65,789 |
Peggy Witthaus President | OfficerTrustee | 3 | $0 |
Jp Barone Governance Officer | OfficerTrustee | 3 | $0 |
Steven Ritt Vice President | OfficerTrustee | 3 | $0 |
Megan Vimont Secretary | OfficerTrustee | 3 | $0 |
Carol Houghtby Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,663 |
| Related organizations | $0 |
| Government grants | $401,470 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,780 |
| Total Program Service Revenue | $281,132 |
| Investment income | $131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,342 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $852,524 |
| 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. | $65,789 |
| Compensation of current officers, directors, key employees. | $14,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $257,501 |
| Advertising and promotion | $36,631 |
| Office expenses | $36,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,818 |
| Travel | $671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,222 |
| Insurance | $37,213 |
| All other expenses | $15,388 |
| Total functional expenses | $1,208,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,801,535 |
| Savings and temporary cash investments | $95,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $842 |
| 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 | $24,840 |
| Net Land, buildings, and equipment | $7,506,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,429,872 |
| Accounts payable and accrued expenses | $26,808 |
| Grants payable | $0 |
| Deferred revenue | $54,860 |
| 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 | $703,598 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $785,266 |
| Net assets without donor restrictions | $8,644,606 |
| 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 | $9,429,872 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lakeshore Players Inc has recieved totaling $20,502.
| Awarding Organization | Amount |
|---|---|
Metropolitan Consortium Of Community Developers Minneapolis, MN PURPOSE: COVID RELIEF GRANT | $15,000 |
Fleetwood Foundation St Paul, MN PURPOSE: BUILDING PROJECT | $5,000 |
Graco Foundation Minneapolis, MN PURPOSE: GIFT MATCHING | $400 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $75 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
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 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |
Duluth Playhouse Inc Duluth, MN | $18,649,161 | $3,003,530 |
Stages Theatre Company Inc Hopkins, MN | $3,890,708 | $3,759,025 |
Playwrights Center Inc Minneapolis, MN | $3,908,050 | $3,263,756 |
Childrens Theater Of Madison Inc Madison, WI | $744,521 | $1,901,804 |
Englert Civic Theatre Inc Non Profit Iowa City, IA | $7,526,488 | $2,477,327 |
Northern Prairie Performing Arts Fargo, ND | $4,316,249 | $3,798,008 |