Emporia Granada Theatre Alliance Inc
- Assets
- $2.4m
- Revenue
- $338.1k
- Investments
- $0.0
- Employees
- 23
- Location
- Emporia, KS
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 48-1153614
Organization Overview
Emporia Granada Theatre Alliance Inc is located in Emporia, KS. The organization was established in 1995. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Emporia Granada Theatre Alliance Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emporia Granada Theatre Alliance 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 12/2022, Emporia Granada Theatre Alliance Inc generated $338.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $545.8k during the year ending 12/2022. 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
THE BUILDING WAS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES IN 1985; HOWEVER, ITS HISTORIC STATUS WAS NO GUARANTEE OF IMMUNITY FROM TIME AND PROGRESS. WHEN DEMOLITION THREATENED THE BUILDING IN 1994, A GROUP OF CITIZENS RALLIED TO SAVE THE GRANADA. AFTER MANY YEARS OF HARD WORK, IT HAS BEEN RESTORED TO ITS LUSTEROUS BEAUTY. AND NOW, THE RESTORED HISTORICAL EMPORIA GRANADA THEATRE IS A DESTINATION FOR EDUCATIONAL, CULTURAL, AND SOCIAL EVENTS THAT STRENGTHEN THE COMMUNITY. THE FIRST FLOOR WAS DESIGNED IN SUCH A WAY TO ACCOMMODATE ANY KIND OF EVENT, WHETHER IT BE A CONFERENCE, SEMINAR, MEETING PLACE, CLASSROOM, WEDDING RECEPTION, DANCE, THEATRE, CONCERT OR PARTY. THIS BEAUTIFUL MULTI-USE BUILDING HAS BEEN WELL RECEIVED BY THE CITIZENS OF EMPORIA AND LYON COUNTY AND WILL SERVE THEIR EDUCATIONAL, CULTURAL AND SOCIAL NEEDS FOR MANY YEARS TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATRE IS FULLY OPERATIONAL AND SCHEDULES MANY THEATRE EVENTS. EVENTS INCLUDE MEETINGS, CONFERENCES, DANCES, MOVIES, WEDDINGS, PLAYS, MUSICAL PERFORMANCES AND PARTIES. A LARGE PORTION OF EXPENSES ARE RELATED TO THE USE OF THE BUILDING AND THE MANAGEMENT OF THE EVENTS.
THE BUILDING IS AT THE CORE OF THE PROGRAM SERVICES SINCE IT HOUSES ALL OF THE EDUCATIONAL, CULTURAL, AND SOCIAL EVENTS, THEREFORE, THE BUILDING OCCUPANCY WAS PART OF THE LARGEST PROGRAM SERVICE ACCOMPLISHMENTS BASED ON EXPENSES. THE BUILDING HAS A STORE FRONT THAT IS RENTED OUT TO OTHER BUSINESSES. THE GRANADA COFFEE COMPANY WHICH SELLS GOURMET COFFEE IS THE CURRENT TENANT. THE NET RENT INCOME FROM THIS STORE IS INDICATED ABOVE.
ADVERTISING, OFFICE EXPENSES, AND TRAVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Yount Treasurer | OfficerTrustee | 5 | $0 |
Jan Traylor Director | Trustee | 1 | $0 |
Mike Helbert President | OfficerTrustee | 5 | $0 |
Rebeca Herrera Former Exec Director | Trustee | 40 | $38,500 |
Norma Watson Secretary | OfficerTrustee | 1 | $0 |
Bryan Silverson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,490 |
| Total Program Service Revenue | $210,164 |
| Investment income | $961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,826 |
| 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 | $53,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,116 |
| 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. | $69,133 |
| Compensation of current officers, directors, key employees. | $27,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $200 |
| Payroll taxes | $4,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,345 |
| Advertising and promotion | $19,364 |
| Office expenses | $954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,409 |
| Travel | $1,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,042 |
| Insurance | $1,028 |
| All other expenses | $5,062 |
| Total functional expenses | $545,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,741 |
| Savings and temporary cash investments | $33,813 |
| 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 | $3,953 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,272,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,762 |
| Total assets | $2,395,229 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | -$424 |
| 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 | $75,769 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,619 |
| Total liabilities | $109,964 |
| Net assets without donor restrictions | $2,280,265 |
| Net assets with donor restrictions | $5,000 |
| 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 | $2,395,229 |