Olde Towne Theatre Co Inc
- Assets
- $173.1k
- Revenue
- $416.7k
- Investments
- $0.0
- Employees
- 26
- Location
- Worthing, SD
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 46-0389570
Organization Overview
Olde Towne Theatre Co Inc is located in Worthing, SD. The organization was established in 1990. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Olde Towne Theatre Co Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olde Towne Theatre Co 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 06/2022, Olde Towne Theatre Co Inc generated $416.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $398.7k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 6 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
PROMOTION AND PRODUCTION OF THEATRE FOR PATRONS IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION AND PRODUCTION OF THEATRE FOR PATRONS IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Ring Executive Di | 40 | $35,908 | |
Katrina Gordon Director | Trustee | 5 | $1,890 |
Harold Gordon President | OfficerTrustee | 5 | $523 |
Megan Bakken Executive Di | Trustee | 40 | $0 |
Tommy Bakken Board Member | Trustee | 1 | $0 |
Cindy Krekelberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,380 |
| Total Program Service Revenue | $297,739 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,096 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $15,930 |
| Net Income from Sales of Inventory | $13,619 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,683 |
| 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. | $2,413 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $36,408 |
| Other salaries and wages | $70,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,970 |
| Office expenses | $21,444 |
| Information technology | $0 |
| Royalties | $16,525 |
| Occupancy | $26,328 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,554 |
| Insurance | $13,431 |
| All other expenses | $5,690 |
| Total functional expenses | $398,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,114 |
| Savings and temporary cash investments | $9,182 |
| 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 | $126,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,106 |
| Accounts payable and accrued expenses | $10,477 |
| Grants payable | $0 |
| Deferred revenue | $61,972 |
| 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 | $2,749 |
| Total liabilities | $75,198 |
| 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 | $97,908 |
| Total liabilities and net assets/fund balances | $173,106 |