State Theatre Inc
- Assets
- $5.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 42
- Location
- State College, PA
- Founding
- 05/2002
- Data as of
- 10/2023
- EIN
- 68-0490220
Organization Overview
State Theatre Inc is located in State College, PA. The organization was established in 2002. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2023, State Theatre Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State 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 10/2023, State Theatre Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.6m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY PERFORMING ARTS CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STATE THEATRE OPENED IN DECEMBER 2006 AS A COMMUNITY OWNED AND OPERATED PERFORMING ARTS CENTER. WE ARE LOCATED IN DOWNTOWN STATE COLLEGE, ACROSS THE STREET FROM PENN STATE UNIVERSITY. WE ENRICH THE COMMUNITY'S CULTURAL OPPORTUNITIES WITH DIVERSE LOCAL AND REGIONAL PERFORMANCES, NATIONAL TOURING ACTS, SIMULCASTS OF METROPOLITAN OPERA PERFORMANCES, AND INDEPENDENT, CLASSIC, AND FOREIGN FILMS. IN FY 23, OVER 10,000 PATRONS EXPERIENCED 29 NATIONAL TOURING ACTS, 51 PRESENTATIONS OF LOCAL PERFORMING ARTS GROUPS, 78 DIVERSE MOVIE SHOWINGS, AND 15 METROPOLITAN OPERA PERFORMANCES. THE THEATRE WAS UTILIZED AN ADDITIONAL 89 TIMES BY VARIOUS COMMUNITY ORGANIZATIONS, SUCH AS CHILDRENS DANCE ENSEMBLES, THE LOCAL ORCHESTRA, HIGH SCHOOL DRAMA GROUPS, IMPROV COMEDY ENSEMBLES, PUPPETEERS, AS WELL AS UNIVERSITY HOSTED SYMPOSIUMS AND UNDERGRADUATE CLASSES IN THEATRE AND DRAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Bartlett President | OfficerTrustee | 5 | $0 |
Mary Wujek Vice President | OfficerTrustee | 5 | $0 |
Kirk Larter Treasurer | OfficerTrustee | 5 | $0 |
Beth Yoder Secretary | OfficerTrustee | 5 | $0 |
Kurt Bernier Director | Trustee | 5 | $0 |
Aj Bradley Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,867 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,395 |
| Total Program Service Revenue | $1,063,750 |
| Investment income | $37,799 |
| 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 | $104,963 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,366,058 |
| 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. | $56,150 |
| Compensation of current officers, directors, key employees. | $8,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,233 |
| Payroll taxes | $36,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,770 |
| Advertising and promotion | $35,825 |
| Office expenses | $24,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,034 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,674 |
| Insurance | $16,193 |
| All other expenses | $0 |
| Total functional expenses | $1,568,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,995 |
| Savings and temporary cash investments | $920,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,550 |
| Prepaid expenses and deferred charges | $5,391 |
| Net Land, buildings, and equipment | $4,497,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,746 |
| Total assets | $5,691,196 |
| Accounts payable and accrued expenses | $47,466 |
| Grants payable | $0 |
| Deferred revenue | $211,922 |
| 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 | $2,281,038 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,260,571 |
| Total liabilities | $3,800,997 |
| Net assets without donor restrictions | $1,870,199 |
| Net assets with donor restrictions | $20,000 |
| 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 | $5,691,196 |