The Myrna Loy
- Assets
- $2.2m
- Revenue
- $735.1k
- Investments
- $0.0
- Employees
- 30
- Location
- Helena, MT
- Founding
- 04/1976
- Data as of
- 06/2021
- EIN
- 51-0185430
Organization Overview
The Myrna Loy is located in Helena, MT. The organization was established in 1976. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Myrna Loy employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myrna Loy 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 06/2021, Myrna Loy generated $735.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $545.9k during the year ending 06/2021. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ARTS AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT MOVIE THEATERS SHOWING CONTEMPORARY AND CULTURALLY SIGNIFICANT FILMS NOT AVAILABLE IN COMMERCIAL THEATERS.
YEAR-ROUND PERFORMING ARTS SERIES FEATURING REGIONAL, NATIONAL, AND INTERNATIONAL ARTISTS WHOSE WORK IS SIGNIFICANT, INNOVATIVE, AND CULTURALLY ENRICHING.
THE EAST HELENA FOOD/CULTURE HUB IS A GRANT-FUNDED CREATIVE PLACEMAKING PROJECT IN COLLABORATION WITH THE CITY OF EAST HELENA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krys Holmes Executive Director | Officer | 40 | $51,250 |
Ethan Kohoutek Treasurer | OfficerTrustee | 1 | $0 |
Kirby Lambert President | OfficerTrustee | 1 | $0 |
Kelly Elder Vice President | OfficerTrustee | 1 | $0 |
Molly Roby Secretary | OfficerTrustee | 1 | $0 |
Odie Otterstrom Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,097 |
| Total Program Service Revenue | $36,783 |
| Investment income | $48,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,859 |
| 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 | $16,797 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $735,142 |
| 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. | $52,781 |
| Compensation of current officers, directors, key employees. | $16,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,857 |
| Pension plan accruals and contributions | $1,817 |
| Other employee benefits | $0 |
| Payroll taxes | $20,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,557 |
| Travel | $284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,444 |
| Insurance | $0 |
| All other expenses | $22,886 |
| Total functional expenses | $545,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,472,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,899 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $710 |
| Net Land, buildings, and equipment | $537,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,124 |
| Other assets | $66,250 |
| Total assets | $2,151,915 |
| Accounts payable and accrued expenses | $45,740 |
| Grants payable | $0 |
| Deferred revenue | $61,025 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $106,765 |
| Net assets without donor restrictions | $1,917,335 |
| Net assets with donor restrictions | $127,815 |
| 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 | $2,151,915 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Myrna Loy has recieved totaling $178,660.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: REPOSITIONING THE MYRNA LOY | $46,000 |
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $43,702 |
Aarp Washington, DC PURPOSE: Grant to support AARP's livable community initiative and event sponsorship | $37,400 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |
National Performance Network Inc New Orleans, LA PURPOSE: Artist Engagement Fund, Creation and Development Fund | $10,058 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $6,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Windrider Institute Inc Eagle, ID | $1,082,934 | $1,579,515 |
The Myrna Loy Helena, MT | $2,151,915 | $735,142 |
The Roxy Theater Missoula, MT | $1,024,322 | $925,634 |
Cine Billings Billings, MT | $1,162,382 | $882,030 |
Sun Valley Film Festival Sun Valley, ID | $120,522 | $464,166 |
Big Sky Film Institute Missoula, MT | $119,241 | $381,150 |
Human Family Inc Fargo, ND | $43,171 | $0 |
Thunderheart Media Inc Gallatin Gateway, MT | $344,760 | $486,259 |
Bozeman Film Festival Inc Bozeman, MT | $125,179 | $0 |
Ndstrong Minot, ND | $10,653 | $0 |
Kalispell Chamber Foundation Inc Kalispell, MT | $19,175 | $0 |
Black Hills Film Festival Hill City, SD | $2,965 | $18,952 |