Riverside Theatre
- Assets
- $953.3k
- Revenue
- $849.9k
- Investments
- $0.0
- Employees
- 30
- Location
- Iowa City, IA
- Founding
- 05/1983
- Data as of
- 08/2023
- EIN
- 42-1188839
Organization Overview
Riverside Theatre is located in Iowa City, IA. The organization was established in 1983. 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 08/2023, Riverside Theatre employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Theatre 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 08/2023, Riverside Theatre generated $849.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $880.3k during the year ending 08/2023. While expenses have increased by 5.6% 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
A GREAT CITY DESERVES SERIOUS THEATRE.THEATRE THAT SPARKS DISCOURSE, BUILDS COMMUNITY, DELIGHTS, INSPIRES, BREAKS DOWN BARRIERS, AND EXPLORES THE COMPLEXITIES OF THE HUMAN SPIRIT. RIVERSIDE THEATRE STRENGTHENS THE CULTURAL FABRIC OF IOWA CITY THROUGH INTIMATE, ENGAGING PRODUCTIONS FROM CLASSICS TO NEW WORKS, FOSTERING A DEEPER APPRECIATION FOR THE DRAMATIC ARTS.
Describe the Organization's Program Activity:
THROUGH ITS ROSTER OF FULL PRODUCTIONS, OUTREACH EVENTS, AND EDUCATIONAL ACTIVITIES, RIVERSIDE THEATRE SERVES THE IOWA CITY AREA WITH PROGRAMMING THAT FOSTERS APPRECIATION FOR THE DRAMATIC ARTS, EMPLOYS ARTISTS, AND STRENGTHENS COMMUNITY THROUGH OPPORTUNITIES FOR SERIOUS DISCOURSE AND REFLECTION. DURING ITS 2022/2023 SEASON, RIVERSIDE THEATRE PRESENTED SEVEN TICKETED PRODUCTIONS, A FREE OUTDOOR SHAKESPEARE PRODUCTION IN IOWA CITY'S LOWER CITY PARK, POST-SHOW DISCUSSIONS, SPECIAL EVENTS, AND IN-CLASSROOM SHAKESPEARE EDUCATIONAL PROGRAMS, DELIVERING PATRONS AND STUDENTS HIGH- QUALITY THEATRICAL EXPERIENCES WHILE PROVIDING PROFESSIONAL OPPORTUNITIES FOR LOCAL AND REGIONAL THEATRE ARTISTS TO FURTHER THEIR CRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Knight Prod. Art. D | Officer | 40 | $58,738 |
Eric Olsen Left 2022 Treasurer | Trustee | $0 | |
Melissa Feilmeier-Marzen Left 2022 Director | Trustee | $0 | |
Stephanie Manning Joined 2022 Vice Chair | OfficerTrustee | 1 | $0 |
Ana Merino Left 2023 Director | Trustee | $0 | |
Connie Alt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,363 |
| Related organizations | $0 |
| Government grants | $30,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $564,364 |
| Noncash contributions included in lines 1a–1f | $6,288 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,227 |
| Total Program Service Revenue | $236,244 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,422 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,934 |
| 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. | $59,115 |
| Compensation of current officers, directors, key employees. | $11,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,897 |
| Payroll taxes | $21,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,204 |
| Advertising and promotion | $16,034 |
| Office expenses | $28,802 |
| Information technology | $3,815 |
| Royalties | $13,041 |
| Occupancy | $91,845 |
| Travel | $12,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,432 |
| Insurance | $11,151 |
| All other expenses | $27,069 |
| Total functional expenses | $880,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,489 |
| Pledges and grants receivable | $122,296 |
| 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 | $8,911 |
| Net Land, buildings, and equipment | $489,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,453 |
| Total assets | $953,285 |
| Accounts payable and accrued expenses | $11,624 |
| Grants payable | $0 |
| Deferred revenue | $14,932 |
| 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 | $96,761 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,453 |
| Total liabilities | $246,770 |
| Net assets without donor restrictions | $366,013 |
| Net assets with donor restrictions | $340,502 |
| 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 | $953,285 |