Sooner Theatre Of Norman Inc
- Assets
- $2.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Norman, OK
- Founding
- 10/1976
- Data as of
- 06/2022
- EIN
- 51-0196629
Organization Overview
Sooner Theatre Of Norman Inc is located in Norman, OK. The organization was established in 1976. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Sooner Theatre Of Norman Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sooner Theatre Of Norman 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 06/2022, Sooner Theatre Of Norman Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $967.1k during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SOONER THEATRE IS TO CHANGE LIVES, OFFER DIVERSE PERSPECTIVES AND CREATE A CULTURAL CONNECTION TO THE COMMUNITY THROUGH THE PERFORMING ARTS AND ARTS EDUCATION.
Describe the Organization's Program Activity:
CHILDRENS MUSICAL THEATRE EDUCATION CLASSES AND SUMMER CAMP PROGRAMS
MAIN EVENT AND SOONER STAGE
FUNDRAISING EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Baker Executive Director | Officer | 40 | $50,244 |
Megan Benn Director | Trustee | 1 | $0 |
Karen Mcintosh-Telford Director | Trustee | 1 | $0 |
Debbie Kelleher Director | Trustee | 1 | $0 |
Toni Carver Director | Trustee | 1 | $0 |
Juan Renteria Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,203 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,238 |
| Total Program Service Revenue | $695,559 |
| Investment income | $2,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,130 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,292,510 |
| 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. | $50,244 |
| Compensation of current officers, directors, key employees. | $50,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,904 |
| Payroll taxes | $18,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $850 |
| Advertising and promotion | $40,271 |
| Office expenses | $57,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,771 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,237 |
| Insurance | $28,207 |
| All other expenses | $19,951 |
| Total functional expenses | $967,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,071 |
| Savings and temporary cash investments | $149,675 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,444 |
| 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 | $31,005 |
| Net Land, buildings, and equipment | $1,587,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,968 |
| Total assets | $2,221,881 |
| Accounts payable and accrued expenses | $15,300 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,275,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,282 |
| Total liabilities | $1,303,925 |
| Net assets without donor restrictions | $0 |
| 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 | $917,956 |
| Total liabilities and net assets/fund balances | $2,221,881 |