Highlands Little Theater Inc
- Assets
- $671.1k
- Revenue
- $335.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Sebring, FL
- Founding
- 09/1982
- Data as of
- 08/2021
- EIN
- 59-2189790
Organization Overview
Highlands Little Theater Inc, operating under the name Highlands Lakeside Theatre, is located in Sebring, FL. The organization was established in 1982. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Highlands Lakeside Theatre 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 08/2021, Highlands Lakeside Theatre generated $335.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $386.2k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 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
PROMOTING THEATRE AND THE TRADITIONS OF THE AMERICAN STAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES: PLAYS, MUSICALS, CONCERTS, & VARIETY SHOWS. HIGHLANDS LITTLE THEATRE IS A COMMUNITY BASED THEATRE. THE SHOWS ARE PUT ON BY VOLUNTEER NONPROFESSIONALS FOR THE COMMUNITY AT LARGE. WE HAVE BOTH PATRONS AND VOLUNTEERS NOT ONLY FROM OUR HOME COUNTY, HIGHLANDS, BUT ALSO THE SURROUNDING COMMUNITIES OF POLK, HARDEE, AND OKEECHOBEE COUNTIES. PARTICIPANTS RANGE IN AGE FROM 5 YEARS OLD TO 95+. ALL AREAS OF THE THEATRE ARE SUPPORTED BY VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Logsdon Theater Manager | Officer | 40 | $33,681 |
Kevin Hacker President | OfficerTrustee | 20 | $0 |
Tom Staik Vice President | OfficerTrustee | 10 | $0 |
Margaret Macbeth Secretary | OfficerTrustee | 10 | $0 |
Olivia Scott Treasurer | OfficerTrustee | 20 | $0 |
Carole Schafmeister Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,275 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,123 |
| Noncash contributions included in lines 1a–1f | $1,073 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,398 |
| Total Program Service Revenue | $228,005 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $763 |
| 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 | $15,044 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $9,335 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,609 |
| Compensation of current officers, directors, key employees. | $13,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,368 |
| Advertising and promotion | $27,829 |
| Office expenses | $43,771 |
| Information technology | $6,548 |
| Royalties | $0 |
| Occupancy | $66,512 |
| Travel | $409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,619 |
| Insurance | $42,390 |
| All other expenses | $5,775 |
| Total functional expenses | $386,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750 |
| Savings and temporary cash investments | $33,133 |
| 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 | $603,076 |
| Investments—publicly traded securities | $30,041 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,112 |
| Total assets | $671,112 |
| Accounts payable and accrued expenses | $222 |
| 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 | $20,493 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,715 |
| Net assets without donor restrictions | $650,397 |
| 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 | $671,112 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Highlands Little Theater Inc has recieved totaling $5,427.
| Awarding Organization | Amount |
|---|---|
Zenon C R Hansen Foundation Inc Greenwood Village, CO PURPOSE: CHARITABLE - YOUTH | $3,750 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $77 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asolo Theater Inc Sarasota, FL | $39,065,744 | $11,173,577 |
Riverside Theatre Inc Vero Beach, FL | $44,506,198 | $8,851,736 |
Florida Studio Theatre Inc Sarasota, FL | $37,267,894 | $9,853,127 |
Venice Theatre Inc Venice, FL | $7,118,612 | $5,710,001 |
The Naples Players Inc Naples, FL | $22,577,856 | $12,453,721 |
Aurora Theatre Inc Lawrenceville, GA | $10,092,561 | $4,172,461 |
Actors Playhouse Productions Inc Coral Gables, FL | $3,896,011 | $4,416,783 |
Orlando Shakespeare Theater Inc Orlando, FL | $6,529,809 | $4,359,887 |
Tampa Theatre Inc Tampa, FL | $11,330,345 | $3,845,345 |
Alabama Shakespeare Festival Inc Montgomery, AL | $8,144,651 | $3,904,984 |
Orlando Repertory Theatre Inc Orlando, FL | $2,714,960 | $3,553,699 |
Gulfshore Playhouse Inc Naples, FL | $41,093,370 | $22,898,859 |