Venice Theatre Inc
- Assets
- $7.1m
- Revenue
- $5.7m
- Investments
- $1.1m
- Employees
- 32
- Location
- Venice, FL
- Founding
- 06/1964
- Data as of
- 06/2022
- EIN
- 59-6005807
Organization Overview
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 06/2022, 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 06/2022, Venice Theatre Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murray Chase Executive Director | 50 | $110,012 | |
Carroll Hunter Secretary | Officer | 5 | $0 |
Lynn Crandall Treasurer | Officer | 5 | $0 |
Laura Kopple President | Officer | 5 | $0 |
Gar Reese Director | Trustee | 2 | $0 |
Jean Trammell Vice President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,865,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,563,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,428,714 |
| Total Program Service Revenue | $1,883,951 |
| Investment income | $4,202 |
| 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 | $17,959 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,710,001 |
| 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. | $111,012 |
| Compensation of current officers, directors, key employees. | $55,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,353,161 |
| Pension plan accruals and contributions | $10,245 |
| Other employee benefits | $460,965 |
| Payroll taxes | $108,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $187 |
| Fees for services: Accounting | $27,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,913 |
| Advertising and promotion | $135,256 |
| Office expenses | $40,087 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,767 |
| Travel | $21,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,559 |
| Insurance | $112,380 |
| All other expenses | $419,312 |
| Total functional expenses | $4,165,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,376 |
| Savings and temporary cash investments | $272,318 |
| Pledges and grants receivable | $75,282 |
| Accounts receivable, net | $6,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,243 |
| Prepaid expenses and deferred charges | $120,679 |
| Net Land, buildings, and equipment | $5,393,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,076,635 |
| Investments—program-related | $0 |
| Intangible assets | $28,041 |
| Other assets | $0 |
| Total assets | $7,118,612 |
| Accounts payable and accrued expenses | $87,243 |
| Grants payable | $0 |
| Deferred revenue | $600,329 |
| 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 | $988,066 |
| Unsecured mortgages and notes payable | $142,949 |
| Other liabilities | $0 |
| Total liabilities | $1,818,587 |
| Net assets without donor restrictions | $4,914,925 |
| Net assets with donor restrictions | $385,100 |
| 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 | $7,118,612 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Venice Theatre Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Allyn Foundation Incorporated A Delaware Corp Hinsdale, IL PURPOSE: THEATRE PROGRAMS | $3,000 |
Endowment Analysis
| Beg. Balance | $1,034,749 |
| Earnings | $30,539 |
| Ending Balance | $1,065,288 |
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 |