Lakeland Community Theatre Inc
- Assets
- $246.7k
- Revenue
- $540.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Lakeland, FL
- Founding
- 02/2001
- Data as of
- 07/2020
- EIN
- 59-3686270
Organization Overview
Lakeland Community Theatre Inc is located in Lakeland, FL. The organization was established in 2001. 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 07/2020, Lakeland Community Theatre Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Community 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 07/2020, Lakeland Community Theatre Inc generated $540.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $471.1k during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN AFFORDABLE, HIGH QUALITY THEATRE EXPERIENCE FOR INDIVIDUALS OF ALL AGES AND TO DEVELOP AND SHOWCASE THEIR TALENTS IN A SAFE, NURTURING, EDUCATIONAL ENVIORNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORE THAN 15,000 PEOPLE ATTEND OUR COMMUNITY THEATRE EVENTS EACH YEAR, WHICH INCLUDESAT SIX MAIN STAGE PRODUCTIONS, THREE YOUTH PRODUCTIONS, AN ALTERNATIVE STAGEREAD SERIES, CHILDRENS CLASSES IN THE FALL AND WINTER, CHILDRENS CAMPS IN THESPRING AND SUMMER AND A NUMBER OF OTHER SPECIAL EVENTS THROUGHOUT THE YEAR. ALTHOUGH THE PANDEMIC LIMITED WHAT WE WERE ABLE TO DO THIS YEAR, WE STILL MAINTAINED AN ACTIVE SCHEDULE AND HAVE PLANS TO RESUME ALL OUR NORMAL ACTIVITIES
MORE THAN 15,000 PEOPLE ATTEND OUR COMMUNITY THEATRE EVENTS EACH YEAR, WHICH INCLUDESAT SIX MAIN STAGE PRODUCTIONS, THREE YOUTH PRODUCTIONS, AN ALTERNATIVE STAGEREAD SERIES, CHILDRENS CLASSES IN THE FALL AND WINTER, CHILDRENS CAMPS IN THESPRING AND SUMMER AND A NUMBER OF OTHER SPECIAL EVENTS THROUGHOUT THE YEAR. ALTHOUGH THE PANDEMIC LIMITED WHAT WE WERE ABLE TO DO THIS YEAR, WE STILL MAINTAINED AN ACTIVE SCHEDULE AND HAVE PLANS TO RESUME ALL OUR NORMAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Snyder Vptreasurer | OfficerTrustee | 1 | $0 |
Jon Brock President | OfficerTrustee | 1 | $0 |
Crystal Springs Director | OfficerTrustee | 1 | $0 |
Bernadette Heaps Business Manager | Officer | 40 | $0 |
Alan S Reynolds Artistic Managing Director | Officer | 40 | $0 |
Roy Rossell Technical Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,639 |
| Investment income | $8,269 |
| 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 | $540,681 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $165,600 |
| 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 | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,455 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,829 |
| Advertising and promotion | $18,278 |
| Office expenses | $6,579 |
| Information technology | $0 |
| Royalties | $34,046 |
| Occupancy | $32,746 |
| Travel | $1,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,440 |
| Insurance | $6,551 |
| All other expenses | $0 |
| Total functional expenses | $471,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,591 |
| Savings and temporary cash investments | $11,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,763 |
| 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 | $14,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $136,119 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,699 |
| Accounts payable and accrued expenses | -$283 |
| 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 | $40,993 |
| Total liabilities | $40,710 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $205,989 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakeland Community Theatre Inc has recieved totaling $302.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $302 |
Endowment Analysis
| Beg. Balance | $127,659 |
| Earnings | $9,254 |
| Admin Expense | $929 |
| Ending Balance | $135,984 |
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 |