New Stage Inc
- Assets
- $5.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 43
- Location
- Jackson, MS
- Founding
- 11/1965
- Data as of
- 07/2021
- EIN
- 64-0435088
Organization Overview
New Stage Inc, operating under the name New Stage Theatre, is located in Jackson, MS. The organization was established in 1965. 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 07/2021, New Stage Theatre employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Stage Theatre 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 07/2021, New Stage Theatre generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $783.3k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF ARTISTIC APPRECIATION THROUGH THEATRE
Describe the Organization's Program Activity:
THEATRICAL PRODUCTIONS - NEW STAGE IS INVOLVED IN THE PRODUCTION OF STAGE EVENTS. APPROXIMATELY 9 PLAYS ARE PRESENTED EACH SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Buck Managing Dir | Officer | 40 | $65,601 |
Harold Johnson Secretary | OfficerTrustee | 1 | $0 |
Stacey Gaines President | OfficerTrustee | 1 | $0 |
Bucky Crystal Vice Preside | OfficerTrustee | 1 | $0 |
Bill Mccarty III Board Mbr/ge | OfficerTrustee | 40 | $0 |
Ron Applewhite Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $586,531 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $901,962 |
| Total Program Service Revenue | $111,915 |
| Investment income | $103,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,625 |
| Net Gain/Loss on Asset Sales | -$547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,755 |
| 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. | $65,389 |
| Compensation of current officers, directors, key employees. | $65,389 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,117 |
| Payroll taxes | $24,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,689 |
| Fees for services: Other | $7,825 |
| Advertising and promotion | $2,263 |
| Office expenses | $3,247 |
| Information technology | $0 |
| Royalties | $1,134 |
| Occupancy | $53,558 |
| Travel | $225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,327 |
| Insurance | $40,676 |
| All other expenses | $10,843 |
| Total functional expenses | $783,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,115 |
| Savings and temporary cash investments | $1,501,203 |
| Pledges and grants receivable | $96,099 |
| Accounts receivable, net | $1,728 |
| 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 | $1,010 |
| Net Land, buildings, and equipment | $1,359,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,995,432 |
| Total assets | $5,036,272 |
| Accounts payable and accrued expenses | $14,323 |
| Grants payable | $0 |
| Deferred revenue | $28,527 |
| 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 | $43,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $86,569 |
| Net assets without donor restrictions | $2,272,222 |
| Net assets with donor restrictions | $2,677,481 |
| 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 | $5,036,272 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Stage Inc has recieved totaling $105,884.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $80,000 |
Community Foundation For Mississippi Jackson, MS PURPOSE: GENERAL OPER SUPPORT | $20,760 |
Feild Co-Operative Association Incorporated Ridgeland, MS PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $124 |
Endowment Analysis
| Beg. Balance | $1,765,053 |
| Earnings | $535,858 |
| Other Expense | -$305,479 |
| Ending Balance | $1,995,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Alabama Shakespeare Festival Inc Montgomery, AL | $8,144,651 | $3,904,984 |
Nashville Repertory Theatre Inc Nashville, TN | $1,810,998 | $3,171,319 |
International Alliance Theatrical Stage Employees & Moving Picture New Orleans, LA | $12,003,795 | $3,171,295 |
Circuit Playhouse Inc Memphis, TN | $16,830,150 | $2,686,872 |
Cumberland County Playhouse Inc Crossville, TN | $3,086,163 | $3,321,582 |
Theatre Memphis Memphis, TN | $13,282,392 | $2,960,872 |
Hattiloo Theatre Memphis, TN | $6,441,567 | $2,960,425 |
Niswonger Performing Arts Center Board Inc Greeneville, TN | $1,613,543 | $2,227,613 |
Chattanooga Theatre Centre Inc Chattanooga, TN | $3,575,751 | $1,456,466 |
Nashville Academy Theatre And Nashville Childrens Theater Ass Nashville, TN | $3,623,501 | $1,668,132 |
Studio Tenn Theatre Company Franklin, TN | $457,834 | $1,178,517 |