Venice Theatre Inc is located in Venice, FL. The organization was established in 1964. 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, Venice Theatre Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venice 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 06/2021, Venice Theatre Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 3 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
THEATRE ARTS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF SEASONAL THEATRICAL PRODUCTIONS USING UNPAID VOLUNTEERS & STUDENTS TO BENEFIT THE COMMUNITY, SCHOOLS, & RETIREMENT COMMUNITIES VIA THEATRE, MUSIC, DANCE & EDUCATIONAL PROGRAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gar Reese Director | Trustee | 2 | $0 |
Kristofer Geddie Executive Dir. | Trustee | 50 | $0 |
Lynn Crandall Treasurer | Officer | 5 | $0 |
Carroll Hunter Secretary | Officer | 5 | $0 |
Jean Trammell President | Officer | 5 | $0 |
Murray Chase Executive Director | 50 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,124,204 |
Investment income | $8,280 |
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 | -$1,583 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,252,953 |
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. | $96,106 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $962,240 |
Pension plan accruals and contributions | $7,600 |
Other employee benefits | $400,116 |
Payroll taxes | $79,395 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,637 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,896 |
Advertising and promotion | $49,062 |
Office expenses | $17,598 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $147,561 |
Travel | $2,066 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $93,549 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $150,158 |
Insurance | $70,003 |
All other expenses | $0 |
Total functional expenses | $2,304,197 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $273,072 |
Savings and temporary cash investments | $1,094,035 |
Pledges and grants receivable | $286,746 |
Accounts receivable, net | $76,536 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,724 |
Prepaid expenses and deferred charges | $128,463 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,047,174 |
Investments—program-related | $0 |
Intangible assets | $32,432 |
Other assets | $106,894 |
Total assets | $6,763,842 |
Accounts payable and accrued expenses | $58,618 |
Grants payable | $0 |
Deferred revenue | $868,573 |
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 | $1,950,000 |
Unsecured mortgages and notes payable | $342,048 |
Other liabilities | $0 |
Total liabilities | $3,219,239 |
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 | $3,544,603 |