Barter Foundation Incorporated State Theatre Of Virginia
- Assets
- $11.0m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 104
- Location
- Abingdon, VA
- Founding
- 12/1962
- Data as of
- 12/2021
- EIN
- 54-6000120
Organization Overview
Barter Foundation Incorporated State Theatre Of Virginia is located in Abingdon, VA. The organization was established in 1962. 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 12/2021, Barter Foundation Incorporated State Theatre Of Virginia employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barter Foundation Incorporated State Theatre Of Virginia 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 12/2021, Barter Foundation Incorporated State Theatre Of Virginia generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. 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
TO PRODUCE AND CREATE LIVE THEATRE FOR THE PURPOSE OF THE PUBLIC GOOD, TO EDUCATE AND PROMOTE PUBLIC INTEREST IN THE THEATRICAL ARTS FOR ALL AGES, AND TO ATTRACT TOURISTS TO SOUTHWEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, BARTER THEATRE PRODUCED 10 IN-PERSON PROFESSIONAL SHOWS AT THE MOONLITE DRIVE-IN (ABINGDON), 2 PROFESSIONAL SHOWS AT BARTER THEATRE, OFFERED 11 VIRTUAL SHOWS, 6 ONLINE FREE STAGED READINGS (INCLUDING THE INAUGURAL THE BLACK IN APPALACHIA INITIATIVE NEW PLAY READING), AND AN ONLINE VERSION OF THE YOUNG PLAYWRIGHTS FESTIVAL, FOR A TOTAL AUDIENCE OF 53,854 PATRONS. BARTER'S EDUCATIONAL WORKSHOPS WERE HELD OUTDOORS IN THE SUMMER FOR A TOTAL OF 68 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Brown Producing Director | Officer | 40 | $121,904 |
Jennifer Stewart Treasurer | OfficerTrustee | 3 | $0 |
Emily O'quinn President | OfficerTrustee | 5 | $0 |
Crystal Breeding Secretary | OfficerTrustee | 1 | $0 |
Henry Joy Assistant Secretary | OfficerTrustee | 1 | $0 |
John Vann Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,659,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,220,327 |
| Noncash contributions included in lines 1a–1f | $14,207 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,880,226 |
| Total Program Service Revenue | $884,881 |
| Investment income | $30,083 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,765 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,208,012 |
| 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. | $125,572 |
| Compensation of current officers, directors, key employees. | $45,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,594,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,632 |
| Payroll taxes | $223,686 |
| 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 | $2,803 |
| Fees for services: Other | $49,021 |
| Advertising and promotion | $59,502 |
| Office expenses | $13,298 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $181,184 |
| Travel | $2,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,292 |
| Interest | $66,759 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248,400 |
| Insurance | $84,518 |
| All other expenses | $333,456 |
| Total functional expenses | $3,639,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,675,142 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $255,035 |
| Accounts receivable, net | $304 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,502 |
| Prepaid expenses and deferred charges | $99,525 |
| Net Land, buildings, and equipment | $6,084,847 |
| Investments—publicly traded securities | $674,405 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $91,116 |
| Other assets | $0 |
| Total assets | $10,953,876 |
| Accounts payable and accrued expenses | $127,759 |
| Grants payable | $0 |
| Deferred revenue | $1,978,528 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,557,217 |
| Secured mortgages and notes payable | $1,001 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,309 |
| Total liabilities | $3,783,814 |
| Net assets without donor restrictions | $6,302,130 |
| Net assets with donor restrictions | $867,932 |
| 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 | $10,953,876 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Barter Foundation Incorporated State Theatre Of Virginia has recieved totaling $173,760.
| Awarding Organization | Amount |
|---|---|
Arts Midwest Minneapolis, MN PURPOSE: Shakepeare in American Communities: Schools | $50,000 |
Eastman Credit Union Kingsport, TN PURPOSE: ANNUAL SPONSORSHIP | $30,000 |
Food City Charitable Foundation Inc Abingdon, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $20,000 |
Food City Charitable Foundation Inc Abingdon, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $18,000 |
Samaritan Hospital Foundation Ashland, OH PURPOSE: REFER TO PART IV | $10,000 |
Endowment Analysis
| Beg. Balance | $509,891 |
| Earnings | $11,358 |
| Net Contributions | $36,116 |
| Ending Balance | $557,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shakespeare Theatre Washington, DC | $65,973,767 | $13,307,263 |
Ford S Theatre Society Washington, DC | $70,916,217 | $19,576,339 |
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
Round House Theatre Inc Bethesda, MD | $10,592,034 | $5,829,495 |
Center Stage Associates Inc Baltimore, MD | $48,178,796 | $10,294,538 |
Woolly Mammoth Theatre Co Washington, DC | $10,084,762 | $5,303,229 |
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Studio Theatre Inc Washington, DC | $29,626,352 | $6,176,456 |
Barter Foundation Incorporated State Theatre Of Virginia Abingdon, VA | $10,953,876 | $6,208,012 |
The Everyman Theatre Incorporated Baltimore, MD | $14,728,446 | $4,835,696 |
American Shakespeare Center Staunton, VA | $2,626,073 | $2,087,317 |