Cedar Falls Community Theatre Inc
- Assets
- $991.8k
- Revenue
- $353.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Cedar Falls, IA
- Founding
- 07/1979
- Data as of
- 03/2022
- EIN
- 42-1126008
Organization Overview
Cedar Falls Community Theatre Inc is located in Cedar Falls, IA. The organization was established in 1979. 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 03/2022, Cedar Falls Community Theatre Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Falls 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 03/2022, Cedar Falls Community Theatre Inc generated $353.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $334.1k during the year ending 03/2022. While expenses have increased by 1.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SHOWCASE COMMUNITY-BASED PERFORMING ARTS IN CEDAR FALLS, IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MAIN EXEMPT PURPOSE IS THE PRESENTATION OF LIVE THEATRICAL PERFORMANCES IN THE COMMUNITY. THE MISSION OF THE CEDAR FALLS COMMUNITY THEATRE IS TO BE A SHOWCASE FOR THE PERFORMING ARTS IN THE CITY, TO ENHANCE THE CULTURAL AND ECONOMIC DEVELOPMENT OF THE CITY, AND TO BE A PART OF ITS HISTORICAL PRESERVATION. NORMALLY, FOUR FULL-SCALE PRODUCTIONS AND OTHER SMALLER PERFORMANCES TAKE PLACE EACH YEAR. CEDAR FALLS COMMUNITY THEATRE, INC. PROMOTES FULL UTILIZATION OF THE BUILDING SPACE AND SERVICES TO GENERATE REVENUE TO COVER THE EXPENSES OF THE BUILDING AND THE PROGRAM. IN A NORMAL YEAR, OVER 25,000 PEOPLE WILL VISIT OSTER REGENT PRODUCTIONS, TRAVELING TOURS, RECEPTIONS, CLASSES, AND OTHER MISCELLANEOUS EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Chambers Secretary | OfficerTrustee | $0 | |
Blake Conover Vice Preside | OfficerTrustee | $0 | |
Dan Lynch Treasurer | OfficerTrustee | $0 | |
Meghan Reilly President | OfficerTrustee | $0 | |
Pat Lyons Director | Trustee | $0 | |
Lee Nicholas Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,978 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,655 |
| Total Program Service Revenue | $132,403 |
| Investment income | $3,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,088 |
| 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 | $82,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,105 |
| Fees for services: Investment Management | $5,254 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,276 |
| Office expenses | $11,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,715 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,090 |
| Insurance | $16,712 |
| All other expenses | $15,116 |
| Total functional expenses | $334,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,325 |
| Savings and temporary cash investments | $0 |
| 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 | $627,627 |
| Investments—publicly traded securities | $200,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $991,824 |
| Accounts payable and accrued expenses | $2,590 |
| Grants payable | $5,000 |
| 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 | $53,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,440 |
| 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 | $930,384 |
| Total liabilities and net assets/fund balances | $991,824 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cedar Falls Community Theatre Inc has recieved totaling $1,511.
| Awarding Organization | Amount |
|---|---|
Voorhees Family Foundation Cedar Falls, IA PURPOSE: OPERATING | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $199,207 |
| Earnings | $5,683 |
| Admin Expense | $4,057 |
| Ending Balance | $200,872 |
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 |