Webster City Community Theatre
- Assets
- $556.8k
- Revenue
- $32.9k
- Investments
- $59.5k
- Employees
- 0
- Location
- Webster City, IA
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 42-1218552
Organization Overview
Webster City Community Theatre is located in Webster City, IA. The organization was established in 1986. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster City Community 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 12/2021, Webster City Community Theatre generated $32.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $28.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC PERFORMANCES OF LIVE THEATER, INCLUDING PLAYS AND MUSICALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVE PUBLIC PERFORMANCES OF THEATRICAL PRODUCTIONS BY AMATEUR COMMUNITY THEATER PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kylee Hayek Secretary | OfficerTrustee | 2 | $0 |
Dale Arends Treasurer | OfficerTrustee | 2 | $0 |
Wil Groves President | OfficerTrustee | 2 | $0 |
Angela Rottering Vice President | OfficerTrustee | 2 | $0 |
Sunshine Duffy Director | Trustee | 1 | $0 |
Mark Andrew Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $219 |
| Fundraising events | $22 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,177 |
| Total Program Service Revenue | $6,954 |
| Investment income | $1,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $130 |
| Net Gain/Loss on Asset Sales | $3,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $555 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,253 |
| Office expenses | $1,819 |
| Information technology | $0 |
| Royalties | $447 |
| Occupancy | $9,707 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,022 |
| All other expenses | $0 |
| Total functional expenses | $28,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,353 |
| Savings and temporary cash investments | $75,145 |
| 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 | $419,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $59,545 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,773 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $77,498 |
| Paid-in or capital surplus, or land, building, or equipment fund | $419,730 |
| Retained earnings, endowment, accumulated income, or other funds | $59,545 |
| Total liabilities and net assets/fund balances | $556,773 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Webster City Community Theatre has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Endowment Analysis
| Beg. Balance | $53,129 |
| Earnings | $6,444 |
| Admin Expense | $555 |
| Net Contributions | $3,185 |
| Grants | $2,656 |
| Ending Balance | $59,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Omaha Theater Company Omaha, NE | $9,432,355 | $7,494,980 |
Black Ensemble Theater Corporation Chicago, IL | $20,384,078 | $7,980,643 |
Lookingglass Theatre Company Chicago, IL | $2,356,485 | $3,866,114 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
Writers Theatre Inc Glencoe, IL | $34,601,018 | $3,459,112 |
Northlight Theatre Inc Skokie, IL | $4,541,751 | $5,261,780 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |