Kearney Community Theatre
- Assets
- $616.0k
- Revenue
- $191.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Kearney, NE
- Founding
- 09/1978
- Data as of
- 08/2022
- EIN
- 47-0604962
Organization Overview
Kearney Community Theatre is located in Kearney, NE. The organization was established in 1978. 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 08/2022, Kearney Community Theatre employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kearney 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 08/2022, Kearney Community Theatre generated $191.0k 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 (6.9%) each year. All expenses for the organization totaled $226.7k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THEATRE PRODUCTIONS FOR THE BENEFIT OF THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY THEATRE'S SEASON INCLUDED PERFORMANCES OF THREE DIFFERENT PRODUCTIONS FOR ABOUT 9000 PATRONS.
TO ENCOURAGE PARTICIPATION IN THE ARTS BY OFFERING CHILDREN AND ADULTS AN OPPORTUNITY TO TAKE PART IN LOCAL PRODUCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Homan President | Officer | 1 | $0 |
Tony Hooton Director | Officer | 1 | $0 |
Jeff Knapp Secretary/treasurer | Officer | 1 | $0 |
Amy Haskett Director | Trustee | 1 | $0 |
Lauren Bonk Member At Large | Trustee | 1 | $0 |
Bobbi Dickerson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,500 |
| Related organizations | $0 |
| Government grants | $10,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,035 |
| Total Program Service Revenue | $91,885 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,044 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,957 |
| 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. | $43,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $7,034 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,788 |
| Office expenses | $2,026 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,189 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,813 |
| Insurance | $8,202 |
| All other expenses | $19,961 |
| Total functional expenses | $226,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,084 |
| 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 | $502,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,771 |
| Total assets | $616,005 |
| Accounts payable and accrued expenses | $8,543 |
| 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 | $139,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,469 |
| Total liabilities | $149,889 |
| Net assets without donor restrictions | $452,116 |
| Net assets with donor restrictions | $14,000 |
| 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 | $616,005 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Kearney Community Theatre has recieved totaling $47,478.
| Awarding Organization | Amount |
|---|---|
Ron And Carol Cope Charitable Fund Kearney, NE PURPOSE: PROGRAM SUPPORT | $40,959 |
Bokenkamp Family Foundation Santa Monica, CA PURPOSE: SUPPORT OF OPERATIONS | $5,000 |
Arram Family Foundation Kearney, NE PURPOSE: CHARITABLE, FOR GENERAL OPERATIONS | $1,000 |
Myron Scott Trust Omaha, NE PURPOSE: CHARITABLE CONTRIBUTION | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
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 |
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 |
Theatre Aspen Aspen, CO | $2,636,414 | $3,832,324 |
Arrow Rock Lyceum Arrow Rock, MO | $3,578,737 | $4,078,982 |
Stages St Louis Chesterfield, MO | $5,581,683 | $2,784,399 |
Springfield Little Theatre Inc Springfield, MO | $4,120,602 | $1,969,104 |
Rocky Mountain Repertorey Theatre Grand Lake, CO | $9,762,143 | $2,216,400 |
Englert Civic Theatre Inc Non Profit Iowa City, IA | $7,526,488 | $2,477,327 |
Des Moines Community Playhouse Des Moines, IA | $9,934,545 | $1,796,377 |