Polk Theatre Inc
- Assets
- $2.2m
- Revenue
- $771.5k
- Investments
- $0.0
- Employees
- 22
- Location
- Lakeland, FL
- Founding
- 06/1983
- Data as of
- 09/2021
- EIN
- 59-2274522
Organization Overview
Polk Theatre Inc is located in Lakeland, FL. The organization was established in 1983. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Polk Theatre Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polk 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 09/2021, Polk Theatre Inc generated $771.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $720.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) 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
RESTORATION AND PRESERVATION OF HISTORIC ATMOSPHERIC THEATRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION AND PRESERVATION OF POLK THEATRE; PROVIDING SERIES AND SPECIAL EVENTS OPEN TO THE GENERAL PUBLIC; MAKING THE THEATRE AVAILABLE TO THE COMMUNITY FOR SPECIAL EVENTS; COLLECTING AND PRESERVING HISTORICAL MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Sikora President/ce | OfficerTrustee | 40 | $90,000 |
Kyle Vreeland Chairman | OfficerTrustee | 2.5 | $0 |
Brad Crenshaw Secretary | OfficerTrustee | 1 | $0 |
Matthew Schichtel Treasurer | OfficerTrustee | 1 | $0 |
Jj Weeks Assistant Tr | OfficerTrustee | 0.5 | $0 |
Jean H Bunch Advisory Boa | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $398,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,925 |
| Total Program Service Revenue | $307,373 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $771,535 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,416 |
| Fees for services: Management | $2,229 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,069 |
| Advertising and promotion | $11,025 |
| Office expenses | $23,838 |
| Information technology | $8,701 |
| Royalties | $0 |
| Occupancy | $85,013 |
| Travel | $2,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,422 |
| Insurance | $36,392 |
| All other expenses | $15,068 |
| Total functional expenses | $720,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,317 |
| Savings and temporary cash investments | $5,710 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,179 |
| 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 | $2,033,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,658 |
| Total assets | $2,167,498 |
| Accounts payable and accrued expenses | $28,784 |
| Grants payable | $0 |
| Deferred revenue | $61,556 |
| 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 | $93,319 |
| Total liabilities | $183,659 |
| Net assets without donor restrictions | $1,865,346 |
| Net assets with donor restrictions | $118,493 |
| 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 | $2,167,498 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Polk Theatre Inc has recieved totaling $1,200.
| Awarding Organization | Amount |
|---|---|
George Jenkins Foundation Inc Lakeland, FL PURPOSE: FOR SHOWING DOCUMENTARY "A PLASTIC OCEAN". | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raymond F Kravis Center For The Performing Arts Inc West Palm Beach, FL | $194,889,253 | $42,975,938 |
Artis-Naples Inc Naples, FL | $210,241,611 | $50,262,823 |
Ruth Eckerd Hall Inc Clearwater, FL | $58,649,898 | $27,197,367 |
Tampa Bay Performing Arts Center Tampa, FL | $46,297,228 | $24,294,667 |
The Florida Theatre Performing Arts Jacksonville, FL | $15,331,113 | $12,957,631 |
Maxwell C King Center For The Performing Arts Inc Cocoa, FL | $10,137,230 | $8,368,626 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Maltz Jupiter Theatre Inc Jupiter, FL | $40,833,845 | $12,006,025 |
Opera Orlando Inc Orlando, FL | $507,305 | $2,036,240 |
Emerald Coast Theatre Company Miramar Beach, FL | $848,624 | $1,713,398 |
Zoetic Stage Inc Miami, FL | $319,976 | $861,527 |
Princess Theatre Center For The Performing Arts Decatur, AL | $709,862 | $747,473 |