Majestic Community Theater Foundation
- Assets
- $444.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Phillipsburg, KS
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 48-1236622
Organization Overview
Majestic Community Theater Foundation is located in Phillipsburg, KS. The organization was established in 2001. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Majestic Community Theater Foundation 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 12/2023, Majestic Community Theater Foundation generated $97.1k 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 (5.5%) each year. All expenses for the organization totaled $141.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OPERATING A COMMUNITY THEATER TO ENHANCE THE QUALITY OF LIFE AND TO PROMOTE EDUCATION AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Kennedy Trustee | 0.1 | $0 | |
Stacye Redinger Treasurer | 0.1 | $0 | |
Darlene Johnson Director | 35 | $0 | |
Jean Ann Wagner President | 0.1 | $0 | |
Sue Jackson Trustee | 0.1 | $0 | |
Linda Mcdowell Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,492 |
| Total Program Service Revenue | $87,160 |
| Membership dues | $0 |
| Investment income | $5,213 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,212 |
| Total Revenue | $97,077 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,206 |
| Professional fees and other payments to independent contractors | $2,981 |
| Occupancy, rent, utilities, and maintenance | $11,753 |
| Printing, publications, postage, and shipping | $177 |
| Other expenses | $107,958 |
| Total expenses | $141,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,045 |
| Other assets | $0 |
| Total assets | $444,920 |
| Total liabilities | $0 |
| Net assets or fund balances | $444,920 |