Riverside Theatre
- Assets
- $448.6k
- Revenue
- $833.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Iowa City, IA
- Founding
- 05/1983
- Data as of
- 08/2021
- 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 08/2021, Riverside Theatre employed 11 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 08/2021, Riverside Theatre generated $833.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $420.0k during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RIVERSIDE THEATRE CONNECTS ARTISTS AND AUDIENCES THROUGH INTIMATE, ENGAGING PRODUCTIONS FROM THE CLASSICS TO NEW WORKS, AND PROVIDES AN ARTISTIC HOME FOR REGIONAL THEATRE PROFESSIONALS. SEE SCHEDULE O FOR CONTINUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2020/2021 SEASON, RIVERSIDE THEATRE PRESENTED SEVEN TICKETED VIRTUAL PRODUCTIONS, TWO LIVE PRODUCTIONS OF SHAKESPEARE'S PLAYS IN IOWA CITY'S LOWER CITY PARK, A NUMBER OF FREE READINGS, POST-SHOW DISCUSSIONS, SPECIAL EVENTS, AND A VIRTUAL SHAKESPEARE EDUCATIONAL PROGRAM, 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 | $46,401 |
Lois Cox Co-Chair | OfficerTrustee | 4 | $0 |
Uri Lessing Vice Chair | OfficerTrustee | 4 | $0 |
Eric Olsen Treasurer | OfficerTrustee | 2.5 | $0 |
Cynthia Schmidt Co-Chair | OfficerTrustee | 4 | $0 |
Derek Willard Past Chair | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,259 |
| Related organizations | $0 |
| Government grants | $176,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $598,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $779,016 |
| Total Program Service Revenue | $49,214 |
| Investment income | $87 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,579 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $833,896 |
| 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. | $51,186 |
| Compensation of current officers, directors, key employees. | $7,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,800 |
| Payroll taxes | $12,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,848 |
| Advertising and promotion | $7,069 |
| Office expenses | $16,887 |
| Information technology | $2,597 |
| Royalties | $13,105 |
| Occupancy | $15,541 |
| Travel | $2,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149 |
| Interest | $2,189 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,219 |
| Insurance | $9,109 |
| All other expenses | $6,110 |
| Total functional expenses | $419,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $215,403 |
| Pledges and grants receivable | $182,248 |
| Accounts receivable, net | $31,656 |
| 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 | $11,781 |
| Net Land, buildings, and equipment | $7,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $448,621 |
| Accounts payable and accrued expenses | $24,951 |
| Grants payable | $0 |
| Deferred revenue | $1,430 |
| 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 | $58,525 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84,906 |
| Net assets without donor restrictions | -$1,700 |
| Net assets with donor restrictions | $365,415 |
| 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 | $448,621 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Riverside Theatre has recieved totaling $630,470.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $409,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $59,910 |
Reuben And Muriel Savin Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $50,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $30,000 |
West Family Foundation Coralville, IA PURPOSE: DONATION OF GRAND PIANO | $22,011 |
Kenneth K Kinsey Family Foundation Iowa City, IA PURPOSE: GENERAL OPERATING FUND | $10,000 |
Endowment Analysis
| Beg. Balance | $19,992 |
| Other Expense | $19,992 |
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 |