Wayne Theatre Alliance Inc
- Assets
- $8.2m
- Revenue
- $361.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Waynesboro, VA
- Founding
- 02/2001
- Data as of
- 06/2020
- EIN
- 54-1993924
Organization Overview
Wayne Theatre Alliance Inc is located in Waynesboro, VA. The organization was established in 2001. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2020, Wayne Theatre Alliance Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne 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 06/2020, Wayne Theatre Alliance Inc generated $361.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $418.5k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE WAYNE THEATER ALLIANCE EXISTS TO PRESERVE AND OPERATE THE HISTORIC WAYNE THEATRE WITH PROGRAMMING DESIGNED TO ENHANCE THE REGIONS QUALITY OF LIFE THROUGH ARTISTIC, CULTURAL, AND EDUCATIONAL OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING ARTS IN THE SHENANDOAH VALLEY
PROMOTING ARTS IN THE SHENANDOAH VALLEY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Straight Executive Dir. | OfficerTrustee | 40 | $55,400 |
Bill Hausrath Chairman | Trustee | 10 | $0 |
Edward S Yates Director | Trustee | 2 | $0 |
Jim Wilson Secretary | Trustee | 2 | $0 |
Sharon M Fitz Director | Trustee | 2 | $0 |
Barbara Franklin Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mathers Const Team Const | 6/29/16 | $0 |
Liphart Steel Co Const. | 6/29/16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,575 |
| Investment income | $38,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,294 |
| 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 | $361,156 |
| Statement of Expenses | |
|---|---|
| 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. | $55,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,884 |
| Payroll taxes | $21,279 |
| Fees for services: Management | $100 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,997 |
| Travel | $10,725 |
| 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 | $24,186 |
| Insurance | $4,066 |
| All other expenses | $0 |
| Total functional expenses | $418,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,959,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $129,355 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,367,857 |
| Total assets | $8,208,330 |
| Accounts payable and accrued expenses | $3,833 |
| 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 | $352,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,000 |
| Total liabilities | $411,824 |
| 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 |
| Total liabilities and net assets/fund balances | $7,796,506 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wayne Theatre Alliance Inc has recieved totaling $71,656.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Central Blue Ridge Staunton, VA PURPOSE: GENERAL SUPPORT | $56,425 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $15,000 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |