Quincy Music Theatre Inc
- Assets
- $900.4k
- Revenue
- $158.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Quincy, FL
- Founding
- 02/1984
- Data as of
- 06/2023
- EIN
- 59-2296223
Organization Overview
Quincy Music Theatre Inc is located in Quincy, FL. The organization was established in 1984. 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 06/2023, Quincy Music Theatre Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quincy Music 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 06/2023, Quincy Music Theatre Inc generated $158.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $221.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 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
PRODUCTION OF MUSICAL, THEATRICAL, AND DRAMATIC PRESENTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF MUSICAL, THEATRICAL AND DRAMATIC PRESENTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olga Connolly Executive Di | Officer | 10 | $12,606 |
Kafui Ablordeppey President | Trustee | $0 | |
Greg Cochran Treasurer | Trustee | $0 | |
Valerie Johns Director | Trustee | $0 | |
Ken Lambert Director | Trustee | $0 | |
Lizzie Mccawley Vice Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,799 |
| Total Program Service Revenue | $64,882 |
| Investment income | $25,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,540 |
| 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. | $12,606 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,261 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,825 |
| Office expenses | $4,184 |
| Information technology | $0 |
| Royalties | $17,408 |
| Occupancy | $37,738 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $761 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,900 |
| Insurance | $6,223 |
| All other expenses | $2,026 |
| Total functional expenses | $221,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,230 |
| Savings and temporary cash investments | $10,204 |
| 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 | $13,166 |
| Net Land, buildings, and equipment | $35,813 |
| Investments—publicly traded securities | $829,942 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $900,355 |
| Accounts payable and accrued expenses | $21,492 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $1,658 |
| Total liabilities | $24,150 |
| Net assets without donor restrictions | $66,017 |
| Net assets with donor restrictions | $810,188 |
| 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 | $900,355 |