Community Theatre Of Cedar Rapids Inc
- Assets
- $3.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Cedar Rapids, IA
- Founding
- 03/1950
- Data as of
- 07/2023
- EIN
- 42-0890913
Organization Overview
Community Theatre Of Cedar Rapids Inc, operating under the name Theatre Cedar Rapids, is located in Cedar Rapids, IA. The organization was established in 1950. 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 07/2023, Theatre Cedar Rapids employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theatre Cedar Rapids 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 07/2023, Theatre Cedar Rapids generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $3.1m during the year ending 07/2023. While expenses have increased by 4.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THEATRE CEDAR RAPIDS STRIVES TO CAPTIVATE AND INSPIRE THROUGH THE THEATRICAL AND PERFORMING ARTS. TCR'S VISION IS TO BE A CULTURAL POINT OF PRIDE, CONNECTION, INCLUSION, AND LEARNING, INVIGORATING GROWTH IN THE COMMUNITY.
Describe the Organization's Program Activity:
THEATER PRODUCTIONS: EACH YEAR, TCR WELCOMES OVER 40,000 VISITORS TO A ROBUST SEASON OF MUSICALS AND PLAYS WITH ADDITIONAL WORK, FROM NATIONAL CELEBRITY PERFORMERS TO COMEDY, BURLESQUE, AND MUCH MORE. THE FOLLOWING PRODUCTIONS WERE HELD:- 5 MAIN AUDITORIUM PRODUCTIONS FOR 76 PERFORMANCES- 3 GRANDON PRODUCTION FOR 27 PERFORMANCES- 2 BRUCEMORE PRODUCTIONS FOR 22 PERFORMANCES- 1 SPECIAL EVENTS FOR 2 PERFORMANCES- 2 RENTALS FOR 5 PERFORMANCES
EDUCATIONAL PROGRAMS: A TOTAL OF 801 YOUTH PARTICIPATED IN A RANGE OF VIRTUAL AND ONSITE EDUCATION PROGRAMS INCLUDING CLASSES AND CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olson Tyler President | OfficerTrustee | 0.8 | $0 |
Smith Leighton Vice President | OfficerTrustee | 0.8 | $0 |
Mcgrath Murphy Treasurer | OfficerTrustee | 0.8 | $0 |
Erenberger Leann Secretary | OfficerTrustee | 0.8 | $0 |
Klein James Past President | OfficerTrustee | 0.8 | $0 |
Baxter Dan Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,314 |
| Related organizations | $75,000 |
| Government grants | $111,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $917,415 |
| Noncash contributions included in lines 1a–1f | $100,045 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,920 |
| Total Program Service Revenue | $1,303,155 |
| Investment income | $2,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,914 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,199 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,501,526 |
| 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. | $133,969 |
| Compensation of current officers, directors, key employees. | $13,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $894,419 |
| Pension plan accruals and contributions | $13,990 |
| Other employee benefits | $98,937 |
| Payroll taxes | $95,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $169 |
| Fees for services: Accounting | $25,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,214 |
| Advertising and promotion | $157,337 |
| Office expenses | $159,951 |
| Information technology | $0 |
| Royalties | $232,213 |
| Occupancy | $241,419 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,037 |
| Insurance | $51,076 |
| All other expenses | $20,235 |
| Total functional expenses | $3,138,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $162,748 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $4,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,947 |
| Prepaid expenses and deferred charges | $106,428 |
| Net Land, buildings, and equipment | $241,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,412,570 |
| Total assets | $3,082,380 |
| Accounts payable and accrued expenses | $157,559 |
| Grants payable | $0 |
| Deferred revenue | $165,417 |
| 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 | $868,224 |
| Total liabilities | $1,191,200 |
| Net assets without donor restrictions | $282,497 |
| Net assets with donor restrictions | $1,608,683 |
| 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 | $3,082,380 |