Acorn Center For The Performing Arts is located in Three Oaks, MI. The organization was established in 2015. 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 12/2023, Acorn Center For The Performing Arts employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acorn Center For The Performing Arts 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 12/2022, Acorn Center For The Performing Arts generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 13.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER A BROAD RANGE OF HIGH-QUALITY ENTERTAINMENT THAT NURTURES CULTURAL EXPERIENCE, PARTICIPATION AND COMMUNITY ENGAGEMENT AMONG RESIDENTS AND VISITORS OF ALL AGES, AND ENHANCES THE ECONOMIC VITALITY OF THE REGION.
Describe the Organization's Program Activity:
INCOME FROM THEATRE PRODUCTIONS, LOCAL OPEN EVENTS, MUSICAL DEVELOPMENT COMPETITIONS AND WORKSHOPS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Beth Kaskel Executive Director | 40 | $72,686 | |
Laura Madsen Jolly Chairman | OfficerTrustee | 1 | $0 |
Amy Black Treasurer | OfficerTrustee | 1 | $0 |
Janet Davies Director | Trustee | 1 | $0 |
Tom Abrahamson Director | Trustee | 1 | $0 |
Kathy Stady Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dave & Kim Productions Llc Production Services | 12/30/19 | $124,021 |
Lance Werner Production Services | 12/30/19 | $106,461 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $261,205 |
All other contributions, gifts, grants, and similar amounts not included above | $346,283 |
Noncash contributions included in lines 1a–1f | $11,708 |
Total Revenue from Contributions, Gifts, Grants & Similar | $607,488 |
Total Program Service Revenue | $688,323 |
Investment income | $53 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$7,213 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $77,805 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,366,456 |
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. | $74,311 |
Compensation of current officers, directors, key employees. | $7,431 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $229,699 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $25,448 |
Fees for services: Management | $0 |
Fees for services: Legal | $14,232 |
Fees for services: Accounting | $6,501 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $71,933 |
Advertising and promotion | $29,170 |
Office expenses | $4,581 |
Information technology | $0 |
Royalties | $5,590 |
Occupancy | $46,014 |
Travel | $103 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $21,633 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $32,838 |
Insurance | $19,328 |
All other expenses | $10,773 |
Total functional expenses | $1,174,273 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $117,818 |
Savings and temporary cash investments | $176,264 |
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 | $8,546 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,025,390 |
Investments—publicly traded securities | $2,385 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $315,333 |
Other assets | $0 |
Total assets | $1,645,736 |
Accounts payable and accrued expenses | $23,606 |
Grants payable | $0 |
Deferred revenue | $38,430 |
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 | $786,950 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $60,961 |
Total liabilities | $909,947 |
Net assets without donor restrictions | $735,789 |
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 | $0 |
Total liabilities and net assets/fund balances | $1,645,736 |