Spencer Community Theatre Inc
- Assets
- $1.6m
- Revenue
- $203.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Spencer, IA
- Founding
- 12/1977
- Data as of
- 08/2022
- EIN
- 42-1083384
Organization Overview
Spencer Community Theatre Inc is located in Spencer, IA. The organization was established in 1977. 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 08/2022, Spencer Community Theatre Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spencer Community Theatre 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 08/2022, Spencer Community Theatre Inc generated $203.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $268.6k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. 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
PROVIDE PLAYS AND DRAMA WORKSHOPS FOR THE COMMUNITY AND RENT COSTUMES TO COMMUNITY THEATRES AND HIGH SCHOOLS THROUGHOUT THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COMMUNITY PLAYS AND DRAMA WORKSHOPS FOR THE COMMUNITY
PROVIDE AND RENT COSTUMES TO SURROUNDING COMMUNITY THEATRES AND HIGH SCHOOLS FOR PLAYS AND CONTESTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacquiline Johnson Director | Trustee | 0 | $0 |
Heather Howell Director | Trustee | 0 | $0 |
Mary Narsi President | Trustee | 0 | $0 |
Jay Oldenkamp Vice President | Trustee | 0 | $0 |
Jacob Meyers Secretary | Trustee | 0 | $0 |
Jay Norton Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,635 |
| Total Program Service Revenue | $125,363 |
| Investment income | $14,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,921 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,928 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,658 |
| Office expenses | $2,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,576 |
| Insurance | $11,686 |
| All other expenses | $44,679 |
| Total functional expenses | $268,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,376 |
| 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 | $13,357 |
| Net Land, buildings, and equipment | $1,255,900 |
| Investments—publicly traded securities | $334,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,623,715 |
| Accounts payable and accrued expenses | $48,791 |
| Grants payable | $0 |
| Deferred revenue | $5,860 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $815 |
| Total liabilities | $55,466 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,568,249 |
| Total liabilities and net assets/fund balances | $1,623,715 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Spencer Community Theatre Inc has recieved totaling $6,025.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Theatre Foundation Minneapolis, MN | $150,141,249 | $18,685,485 |
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
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 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |