Strand Theatre Preservation Society
- Assets
- $1.5m
- Revenue
- $127.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Moundsville, WV
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 55-0778290
Organization Overview
Strand Theatre Preservation Society is located in Moundsville, WV. The organization was established in 2002. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strand Theatre Preservation Society 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, Strand Theatre Preservation Society generated $127.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $88.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) 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
THE OBJECTIVE OF THE STRAND THEATRE PRESERVATION SOCIETY, INC. IS TO SEEK OUT AND DEVELOP MEANS TO REVITALIZE THE OPERATION OF THE STRAND THEATRE IN MOUNDSVILLE, WV.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOST SHOWS, PLAYS, MOVIES, CHILDRENS EVENTS , AND OTHER COMMUNITY EVENTS AT THE HISTORIC STRAND THEATRE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Grisell Board Member | Trustee | 1 | $0 |
David Knuth Vice President | Trustee | 1 | $0 |
Roberta Underdonk Secretary | Trustee | 1 | $0 |
Richard Targosky Board Member | Trustee | 1 | $0 |
Sadie Crow Board Member | Trustee | 1 | $0 |
Susan Inclan Board Member | 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 | $72,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,015 |
| Total Program Service Revenue | $32,510 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,867 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,961 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,075 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,465 |
| Office expenses | $1,782 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,238 |
| Travel | $0 |
| 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 | $47,928 |
| Insurance | $6,420 |
| All other expenses | $0 |
| Total functional expenses | $88,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,031 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,365,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,492,648 |
| Accounts payable and accrued expenses | $3,400 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,400 |
| Net assets without donor restrictions | $1,489,248 |
| 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 | $1,492,648 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Strand Theatre Preservation Society has recieved totaling $39,941.
| Awarding Organization | Amount |
|---|---|
Karl And Mildred Niekamp Charitable Foundation Wheeling, WV PURPOSE: SOUND SYSTEM / IMPROVEMENT PROJECT | $30,000 |
Evan G Roberts Tr Morgantown, WV PURPOSE: NEW SOUND SYSTEM | $9,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Sunset Memorial Park Association North Olmsted, OH | $79,187,854 | $7,193,716 |
Cuyahoga Valley Preservation And Scenic Railway Association Peninsula, OH | $11,093,810 | $8,580,241 |
Western Reserve Historical Society Cleveland, OH | $45,747,344 | $9,269,565 |
Stan Hywet Hall & Gardens Inc Akron, OH | $11,720,685 | $5,111,685 |
Eastern State Penitentiary Historic Site Inc Philadelphia, PA | $22,218,980 | $7,181,696 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Arlington Memorial Gardens Assoc Inc Cincinnati, OH | $20,107,883 | $6,307,939 |