State Theatre Inc
- Assets
- $5.4m
- Revenue
- $800.7k
- Investments
- $0.0
- Employees
- 77
- Location
- State College, PA
- Founding
- 05/2002
- Data as of
- 10/2020
- 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 10/2020, State Theatre Inc employed 77 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 10/2020, State Theatre Inc generated $800.7k 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 (11.3%) each year. All expenses for the organization totaled $964.6k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 6 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
2020
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. PRIOR TO THE SUSPENSION OF PUBLIC PERFORMANCES IN EARLY MARCH DUE TO COVID-19 RESTRICTIONS, IN FY 20 OVER 12,000 PATRONS EXPERIENCED 12 NATIONAL TOURING ACTS, 17 PRESENTATIONS OF LOCAL PERFORMING ARTS GROUPS, 50 DIVERSE MOVIE SHOWINGS, AND 6 METROPOLITAN OPERA PERFORMANCES. THE THEATRE WAS UTILIZED AN ADDITIONAL 119 TIMES BY VARIOUS COMMUNITY ORGANIZATIONS SUCH AS CHILDREN'S DANCE ENSEMBLES, THE LOCAL ORCHESTRA, HIGH SCHOOL DRAMA GROUPS, IMPROV COMEDY ENSEMBLES, PUPPETEERS, AS WELL AS UNIVERSITY-HOSTED SYMPOSIUMS AND UNDERGRADUATE CLASSES IN THEATER AND CINEMA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Gregg Executive Director(until Aug 2020) | Officer | 50 | $67,091 |
Matt Jordan Vice Chair | OfficerTrustee | 5 | $0 |
Elizabeth Yoder Chair | OfficerTrustee | 5 | $0 |
Ken Shafranko Secretary | OfficerTrustee | 5 | $0 |
Richard J Wisniewski Treasurer | OfficerTrustee | 5 | $0 |
Dave Defilippis Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,042 |
| Investment income | $1,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,065 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,655 |
| 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. | $64,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,088 |
| Payroll taxes | $25,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,717 |
| Advertising and promotion | $11,970 |
| Office expenses | $31,246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,156 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,166 |
| Insurance | $19,713 |
| All other expenses | $0 |
| Total functional expenses | $964,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,700 |
| Prepaid expenses and deferred charges | $19,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,415,864 |
| Accounts payable and accrued expenses | $804 |
| Grants payable | $0 |
| Deferred revenue | $228,360 |
| 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 | $2,190,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,280,177 |
| Total liabilities | $3,700,141 |
| 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 | $1,715,723 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that State Theatre Inc has recieved totaling $60,123.
| Awarding Organization | Amount |
|---|---|
Centre County Community Foundation Inc State College, PA PURPOSE: GENERAL SUPPORT | $29,614 |
Centre County Lion Country Visitors Convention Bureau State College, PA PURPOSE: TOURISM PROMOTION | $25,000 |
Freas Foundation Inc Glen Allen, VA PURPOSE: GENERAL FUND | $5,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
Playhouse Square Foundation Cleveland, OH | $326,085,880 | $24,719,658 |
New Jersey Performing Arts Center Corporation Newark, NJ | $266,001,987 | $34,288,526 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |