Hippodrome State Theatre Inc
- Assets
- $379.7k
- Revenue
- $241.0k
- Investments
- $0.0
- Employees
- 76
- Location
- Gainesville, FL
- Founding
- 10/1975
- Data as of
- 07/2023
- EIN
- 59-1590987
Organization Overview
Hippodrome State Theatre Inc is located in Gainesville, FL. The organization was established in 1975. 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 05/2023, Hippodrome State Theatre Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hippodrome State Theatre 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 07/2023, Hippodrome State Theatre Inc generated $241.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $346.1k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (23.4%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARTISTIC PERFORMANCES AND EDUCATION IN THE THEATRE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STAGE - ENCOMPASSES THE PRODUCTION OF AN ANNUAL SERIES OF MAJOR THEATRICAL PERFORMANCES, GENERALLY RUNNING FROM SEPTEMBER THROUGH JUNE. BEING THE ONLY PROFESSIONAL THEATER IN THE AREA, IT ESTABLISHES GAINESVILLE AS A CULTURAL HUB IN THE REGION AND PROVIDES THE COMMUNITY WITH THE OPPORTUNITY TO VIEW NEW AND CHALLENGING WORKS, EXPAND THEIR ARTISTIC AWARENESS, AND EXPERIENCE HIGH-QUALITY PRODUCTIONS BY AWARD-WINNING DESIGNERS AND PLAYWRIGHTS.
MAIN STAGE - ENCOMPASSES THE PRODUCTION OF AN ANNUAL SERIES OF MAJOR THEATRICAL PERFORMANCES, GENERALLY RUNNING FROM SEPTEMBER THROUGH JUNE. BEING THE ONLY PROFESSIONAL THEATER IN THE AREA, IT ESTABLISHES GAINESVILLE AS A CULTURAL HUB IN THE REGION AND PROVIDES THE COMMUNITY WITH THE OPPORTUNITY TO VIEW NEW AND CHALLENGING WORKS, EXPAND THEIR ARTISTIC AWARENESS, AND EXPERIENCE HIGH-QUALITY PRODUCTIONS BY AWARD-WINNING DESIGNERS AND PLAYWRIGHTS.
EDUCATION PROGRAMS - INTERNATIONALLY RECOGNIZED TEEN AND PRE-TEEN ARTS-BASED PREVENTION AND INTERVENTION PROGRAMS, SERVICE LEARNING PROGRAMS IN WHICH TEENS WRITE AND PERFORM ISSUES BASED WORKS FOR THEIR PEERS, AND CLASSES AND WORKSHOPS CONDUCTED FOR BOTH CHILDREN AND ADULTS INTERESTED IN STUDYING THEATER AND FILM. THE THEATER ALSO OFFERS AN INTERNSHIP PROGRAM IN WHICH LOCAL STUDENTS AND RECENT GRADUATES MAY GAIN EXPERIENCE AND PROVE THEMSELVES IN A PROFESSIONAL THEATER ENVIRONMENT.
MAIN STAGE - ENCOMPASSES THE PRODUCTION OF AN ANNUAL SERIES OF MAJOR THEATRICAL PERFORMANCES, GENERALLY RUNNING FROM SEPTEMBER THROUGH JUNE. BEING THE ONLY PROFESSIONAL THEATER IN THE AREA, IT ESTABLISHES GAINESVILLE AS A CULTURAL HUB IN THE REGION AND PROVIDES THE COMMUNITY WITH THE OPPORTUNITY TO VIEW NEW AND CHALLENGING WORKS, EXPAND THEIR ARTISTIC AWARENESS, AND EXPERIENCE HIGH-QUALITY PRODUCTIONS BY AWARD-WINNING DESIGNERS AND PLAYWRIGHTS.
CINEMA - SHOWS OF LIMITED RELEASE, FIRST RUN CINEMA PRODUCTIONS AND FILM FESTIVALS. PROVIDES AN OPPORTUNITY FOR THE SHOWING OF INDEPENDENT ART FILMS, DOCUMENTARIES, AND FOREIGN FILMS THAT WOULD NOT OTHERWISE BE AVAILABLE TO THE GENERAL PUBLIC. OFTEN FEATURES LIVE INTERVIEW SESSIONS DURING WHICH AUDIENCE MEMBERS MAY INTERACT WITH DIRECTORS, SCREEN WRITERS, AND COMMUNITY FIGURES RELATED TO THE FILMS.
EDUCATION PROGRAMS - INTERNATIONALLY RECOGNIZED TEEN AND PRE-TEEN ARTS-BASED PREVENTION AND INTERVENTION PROGRAMS, SERVICE LEARNING PROGRAMS IN WHICH TEENS WRITE AND PERFORM ISSUES BASED WORKS FOR THEIR PEERS, AND CLASSES AND WORKSHOPS CONDUCTED FOR BOTH CHILDREN AND ADULTS INTERESTED IN STUDYING THEATER AND FILM. THE THEATER ALSO OFFERS AN INTERNSHIP PROGRAM IN WHICH LOCAL STUDENTS AND RECENT GRADUATES MAY GAIN EXPERIENCE AND PROVE THEMSELVES IN A PROFESSIONAL THEATER ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Casey Board Member | Trustee | 1 | $0 |
Jeffrey Tate Board Member | Trustee | 1 | $0 |
Bruce Cornwell Vice President | OfficerTrustee | 1 | $0 |
Michael Curry President | OfficerTrustee | 4 | $0 |
Gretchen Casey Board Member | Trustee | 1 | $0 |
Jeffrey Tate Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,654 |
| Total Program Service Revenue | $158,780 |
| Investment income | $491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,273 |
| 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 | $16,833 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,031 |
| 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 | $157,925 |
| Pension plan accruals and contributions | $4,012 |
| Other employee benefits | $29,469 |
| Payroll taxes | $22,072 |
| 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 | $40,728 |
| Advertising and promotion | $7,684 |
| Office expenses | $6,681 |
| Information technology | $0 |
| Royalties | $6,555 |
| Occupancy | $22,398 |
| Travel | $7,375 |
| 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 | $2,915 |
| Insurance | $5,447 |
| All other expenses | $0 |
| Total functional expenses | $346,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,282 |
| Savings and temporary cash investments | $11,500 |
| Pledges and grants receivable | $26,865 |
| 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 | $9,266 |
| Net Land, buildings, and equipment | $156,326 |
| Investments—publicly traded securities | $99,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $379,701 |
| Accounts payable and accrued expenses | $48,649 |
| Grants payable | $0 |
| Deferred revenue | $114,216 |
| 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 | $162,865 |
| Net assets without donor restrictions | $216,836 |
| 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 | $379,701 |