Desoto Family Theatre Inc is located in Southaven, MS. 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 12/2022, Desoto Family Theatre Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Desoto Family 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 12/2022, Desoto Family Theatre Inc generated $314.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $313.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DESOTO FAMILY THEATRE SEEKS TO PROVIDE ENTERTAINMENT APPROPRIATE FOR THE ENTIRE FAMILY WHILE OFFERING OPPORTUNITES FOR PARTICIPATION AND EDUCATION IN THEATRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCED PLAYS FOR PUBLIC PERFORMANCE AND HELP SUMMER CAMPS TO TRAIN INDIVIDUALS IN THEATRE ARTS, THEATRE PRODUCTION, SET DESIGN AND OTHER AREAS OF THEATRE ARTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ginger Armistead Board Chairm | Officer | $0 | |
Ashley Kirk Secretary | Officer | $0 | |
Ashley Mccormack Vice Chairma | Officer | $0 | |
Beth Snow Treasurer | Officer | $0 | |
Donnie Chambliss Board Member | Trustee | $0 | |
Michael Cobbs Board Member | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $98,200 |
All other contributions, gifts, grants, and similar amounts not included above | $69,546 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $167,746 |
Total Program Service Revenue | $129,493 |
Investment income | $57 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $15,742 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,219 |
Miscellaneous Revenue | $0 |
Total Revenue | $314,257 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $10,000 |
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 of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $89,392 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,631 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,445 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $87 |
Office expenses | $777 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $9,283 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $16,152 |
Insurance | $9,637 |
All other expenses | $59,583 |
Total functional expenses | $313,841 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $85,357 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $13,623 |
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 | $0 |
Net Land, buildings, and equipment | $94,028 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $193,008 |
Accounts payable and accrued expenses | $293 |
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 | $53,723 |
Total liabilities | $54,016 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $138,992 |
Total liabilities and net assets/fund balances | $193,008 |
Over the last fiscal year, we have identified 2 grants that Desoto Family Theatre Inc has recieved totaling $61,645.
Awarding Organization | Amount |
---|---|
Community Foundation Of Northwest Mississippi Inc Hernando, MS PURPOSE: ARTS & CULTURE | $61,557 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Organization Name | Assets | Revenue |
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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 |