Solomon Valley Cinema Inc

Organization Overview

Solomon Valley Cinema Inc is located in Beloit, KS. The organization was established in 1993. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Solomon Valley Cinema 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 12/2021, Solomon Valley Cinema Inc generated $128.7k 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 (4.8%) each year. All expenses for the organization totaled $130.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN THE CINEMA ARTS IN A SMALL COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CINEMA BEGAN WHEN COMMUNITY PEOPLE WANTED TO BUILD A THEATER IN BELOIT. THE MITCHELL COUNTY FOUNDATION WAS FORMED SO CONTRIBUTORS COULD MAKE A TAX FREE DONATION AND A BOARD OF FIVE WAS APPOINTED TO HEAD UP THE CINEMA PORJECT. MOST OF THE WORK ON THE THEATER WAS DONE BY DONATED LABOR. OVERALL THERE WERE CLOSE TO 200 VOLUNTEERS WHO HELPED BUILD THE BUILDING WITH MANY BELOIT BUSINESSES AND PEOPLE PLEDGING TIME, MONEY, AND MATERIALS. THE THEATER WAS INITIALLY RUN BY AREA VOULNTEERS AND THE BOARD MEMBERS. TWO PEOPLE A NIGHT WERE SCHEDULE TO RUN THE PROJECTORS AND SELL TICKERS AND CONCESSIONS. AS REVENUE INCREASED, THEY HIRED A MANAGER AND HIGH SCHOOL STUDENTS. IT'S WITH GREAT PRIDE THAT THROUGH THE YEARS THE CINEMA HAS CONTRIBUTED SOME OF ITS EXCESS REVENUE TO MITHCELL COUNTY


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Board, Officers & Key Employees

Name (title)Compensation
Randy Paxson
Vice President
$5,095
Vicki Jackson
President
$0
Janet Moeller
Secretary/treasurer
$0
Eric Dunstan
Director
$0
Kelly Peters
Director
$0
Terri Kelley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $20,000
All other contributions, gifts, grants, and similar amounts not included above$7
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20,007
Total Program Service Revenue$67,249
Investment income $5
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $41,479
Miscellaneous Revenue$0
Total Revenue $128,740

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Solomon Valley Cinema Inc has recieved totaling $7.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$7
View Grant Recipient Profile

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