Friends Of The Strand Theatre

Organization Overview

Friends Of The Strand Theatre is located in Rockland, ME. The organization was established in 2013. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Friends Of The Strand Theatre employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Strand 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 06/2023, Friends Of The Strand Theatre generated $774.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 4.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE OF THE CORPORATION IS TO OWN AND OPERATE THE STRAND THEATER IN ROCKLAND MAINE FOR EDUCATIONAL PURPOSES. THE ORGANIZATION WILL: MAKE AVAILABLE CULTURAL AND CREATIVE EVENTS AND TRADITIONAL THEATER; PROMOTE AND ADVANCE SHARED CULTURAL AND CREATIVE EXPERIENCES IN THE COMMUNITY; ENHANCE THE QUALITY OF LIFE BY PRESERVING AND MAINTAINING THE STRAND THEATRE AS A HISTORIC AND VALUABLE COMMUNITY ASSET; AND ENGAGE IN ANY OTHER LAWFUL ACTIVITY THAT MAY BE AUTHORIZED BY THE BOARD OF DIRECTORS THAT IS CONSISTENT WITH SECTION 501(C)(3).

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FRIENDS OF THE STRAND THEATRE, INC. OWNS, MAINTAINS, AND OPERATES THE STRAND THEATRE FOR THE BENEFIT OF THE LOCAL COMMUNITY OF FILM, MUSIC, THEATER, AND ARTS SUPPORTERS. THE THEATER OFFERS A YEAR-ROUND PROGRAM OF FILM, LIVE MUSIC AND OTHER SPECIAL EVENTS; THE THEATERS DIVERSE PROGRAMMING SHOWS ITS COMMITMENT TO SERVING THE NEEDS OF THE LOCAL COMMUNITY. THE STRAND'S EDUCATION PROGRAM PROVIDES FREE ARTS PROGRAMMING TO LOCAL STUDENTS. THESE PROGRAMS INCLUDE LIVE PERFORMANCES OF MUSIC, THEATRE, AND DANCE AT THE STRAND; VIRTUAL AND IN-PERSON CLASSROOM VISITS FROM PROFESSIONAL ARTISTS; ARTS LEARNING WORKSHOPS; FILM AND HD EVENT SCREENINGS; AND HISTORICAL TOURS OF THE THEATER. WE ALSO MAKE LOW OR NO COST TICKETS AVAILABLE TO STUDENTS OF ANY AGE FOR OUR REGULARLY SCHEDULED PROGRAMS, INCLUDING FILMS, MET OPERA BROADCASTS, NT LIVE BROADCASTS, AND LIVE PERFORMANCES. ORGANIZATIONS THROUGHOUT THE COMMUNITY RENT THE STRAND TO HOLD THEIR FUNDRAISERS AND OTHER EVENTS. THE FRIENDS OF THE STRAND THEATRE SUBSIDIZES THESE EVENTS BY OFFERING SPECIAL DISCOUNTED RATES TO NON-PROFIT ORGANIZATIONS IN ORDER TO SUPPORT THEIR EVENTS AND FUNDRAISING EFFORTS, AND ALSO TO PROVIDE A VENUE ON MAIN STREET WHERE SUCH COMMUNITY EVENTS CAN BE CENTRALLY LOCATED. THE SUBSIDIZED RATES ALLOW THE RENTING ORGANIZATIONS THE FLEXIBILITY TO MAKE THEIR EVENTS FREE OR LOW-COST AS WELL AS ENABLING THEM TO RE-INVEST THE FUNDS RAISED FROM THE EVENTS INTO THEIR OWN BUDGETS.


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Board, Officers & Key Employees

Name (title)Compensation
Ellen Seidman
President
$0
Norman Thomas
Secretary
$0
Candace Vancko
Treasurer
$0
Roy Hitchings Jr
Director
$0
John Bird
Director
$0
Jo Dondis
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$78,985
Fundraising events$0
Related organizations$0
Government grants $7,500
All other contributions, gifts, grants, and similar amounts not included above$302,176
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$388,661
Total Program Service Revenue$281,626
Investment income $9,484
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $24,874
Net Gain/Loss on Asset Sales $13,916
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $43,797
Miscellaneous Revenue$0
Total Revenue $774,608

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