The Myrna Loy
- Assets
- $2.3m
- Revenue
- $863.9k
- Investments
- $0.0
- Employees
- 23
- Location
- Helena, MT
- Founding
- 04/1976
- Data as of
- 06/2023
- 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 06/2023, Myrna Loy employed 23 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 06/2023, Myrna Loy generated $863.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $839.3k during the year ending 06/2023. While expenses have increased by 7.4% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MYRNA LOY INSPIRES THE CREATIVE SPIRITS OF PEOPLE IN AND AROUND HELENA, MONTANA BY PRESENTING HIGH-QUALITY, CULTURALLY SIGNIFICANT FILMS AND PERFORMING ARTS; BY SUPPORTING LOCAL AND REGIONAL ARTISTS IN THEIR WORK; AND BY NURTURING A LIFELONG LOVE OF THE ARTS THROUGH EDUCATION AND RESIDENCIES.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirby Lambert President | OfficerTrustee | 1 | $0 |
Kelly Elder Vice President | OfficerTrustee | 1 | $0 |
Ethan Kohoutek Treasurer | OfficerTrustee | 1 | $0 |
Claire Pichette Secretary | OfficerTrustee | 1 | $0 |
Bruce Whittenberg Director | Trustee | 1 | $0 |
Cheryl Gillespie 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 | $500,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,795 |
| Total Program Service Revenue | $182,485 |
| Investment income | $53,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,075 |
| 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 | $54,855 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $863,907 |
| 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. | $58,874 |
| Compensation of current officers, directors, key employees. | $18,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,795 |
| Pension plan accruals and contributions | $4,665 |
| Other employee benefits | $0 |
| Payroll taxes | $40,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,230 |
| 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 | $14,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,854 |
| Travel | $1,968 |
| 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 | $67,688 |
| Insurance | $0 |
| All other expenses | $28,738 |
| Total functional expenses | $839,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,279 |
| Savings and temporary cash investments | $961,693 |
| Pledges and grants receivable | $56,510 |
| 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 | $12,203 |
| Net Land, buildings, and equipment | $415,248 |
| Investments—publicly traded securities | $648,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,124 |
| Other assets | $66,250 |
| Total assets | $2,293,929 |
| Accounts payable and accrued expenses | $33,775 |
| Grants payable | $0 |
| Deferred revenue | $30,316 |
| 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 | $64,091 |
| Net assets without donor restrictions | $2,229,838 |
| 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 | $2,293,929 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Windrider Institute Inc Eagle, ID | $1,117,441 | $1,719,330 |
Sun Valley Film Festival Sun Valley, ID | $240,802 | $1,111,214 |
The Myrna Loy Helena, MT | $2,293,929 | $863,907 |
Cine Billings Billings, MT | $1,582,539 | $1,202,046 |
The Roxy Theater Missoula, MT | $1,024,322 | $925,634 |
Big Sky Film Institute Missoula, MT | $116,253 | $450,295 |
Human Family Inc Fargo, ND | $99,431 | $356,178 |
Thunderheart Media Inc Gallatin Gateway, MT | $313,672 | $192,066 |
Bozeman Film Festival Inc Bozeman, MT | $141,220 | $0 |
Ndstrong Minot, ND | $14,270 | $0 |
Black Hills Film Festival Hill City, SD | $605 | $15,023 |
Kalispell Chamber Foundation Inc Kalispell, MT | $51,139 | $0 |