The Strand Theatre Of Shreveport Corporation
- Assets
- $4.1m
- Revenue
- $549.1k
- Investments
- $0.0
- Employees
- 40
- Location
- Shreveport, LA
- Founding
- 01/1977
- Data as of
- 05/2021
- EIN
- 72-0800065
Organization Overview
The Strand Theatre Of Shreveport Corporation is located in Shreveport, LA. The organization was established in 1977. 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 05/2021, Strand Theatre Of Shreveport Corporation employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strand Theatre Of Shreveport Corporation 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 05/2021, Strand Theatre Of Shreveport Corporation generated $549.1k 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 (15.5%) each year. All expenses for the organization totaled $621.2k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) 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
THE STRAND PROVIDES THEATRE FACILITIES FOR THE PERFORMING ARTS TO BE USED BY FOR-PROFIT AND NON-PROFIT ORGANIZATIONS AND TO SPONSOR PUBLIC THEATRE PRODUCTIONS FORTHE REGION
Describe the Organization's Program Activity:
PROVIDE THEATRE FACILITIES FOR THE PERFORMING ARTS TO BE USED BY FOR-PROFIT AND NON-PROFIT ORGANIZATIONS AND TO SPONSOR PUBLIC THEATRE PRODUCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenifer Hill Executive Dir. | Officer | 40 | $92,302 |
Jodie Glorioso VP Of Programmi | OfficerTrustee | 2 | $0 |
Joe Psalmonds VP Of Fundraisi | OfficerTrustee | 2 | $0 |
Stephen Roberts President | OfficerTrustee | 4 | $0 |
Tim Quinn Secretary | OfficerTrustee | 2 | $0 |
Matt Mccullin Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $337,649 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,067 |
| Total Program Service Revenue | $34,998 |
| Investment income | $5,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,466 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,109 |
| 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. | $90,667 |
| Compensation of current officers, directors, key employees. | $27,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,575 |
| Pension plan accruals and contributions | $5,251 |
| Other employee benefits | $37,392 |
| Payroll taxes | $14,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,833 |
| Advertising and promotion | $432 |
| Office expenses | $13,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,528 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119 |
| Interest | $4,177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,242 |
| Insurance | $43,154 |
| All other expenses | $11,830 |
| Total functional expenses | $621,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,622 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,893 |
| Prepaid expenses and deferred charges | $22,482 |
| Net Land, buildings, and equipment | $3,179,655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,190 |
| Total assets | $4,106,842 |
| Accounts payable and accrued expenses | $38,826 |
| Grants payable | $0 |
| Deferred revenue | $262,215 |
| 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 | $150,000 |
| Other liabilities | $2,775 |
| Total liabilities | $453,816 |
| Net assets without donor restrictions | $2,839,613 |
| Net assets with donor restrictions | $813,413 |
| 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 | $4,106,842 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Strand Theatre Of Shreveport Corporation has recieved totaling $54,706.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Louisiana Shreveport, LA PURPOSE: FOR GENERAL SUPPORT TO ONLY BE USED FOR PURPOSES STATED IN THE DESIGNATED AGENCY ENDOWMENT FUND AGREEMENT DATED APRIL 6, 2016; GENERAL OPERATING SUPPORT; GIVE FOR GOOD GRANT | $46,969 |
Union Pacific Foundation Omaha, NE PURPOSE: ARTS AND CULTURE | $5,000 |
Sempra Energy Foundation San Diego, CA PURPOSE: ARTS & CULTURE | $1,500 |
Socius Foundation San Francisco, CA PURPOSE: 2021 GRANT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $237 |
Endowment Analysis
| Beg. Balance | $212,907 |
| Earnings | $50,506 |
| Ending Balance | $263,413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alley Theatre Houston, TX | $99,755,068 | $20,544,932 |
Austin Theatre Alliance Austin, TX | $11,051,816 | $12,251,946 |
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Dallas Theater Center Dallas, TX | $4,686,048 | $4,047,540 |
Theatre Under The Stars Inc Houston, TX | $18,210,122 | $4,859,811 |
Zachary Scott Theater Center Austin, TX | $13,760,280 | $6,657,993 |
A D Players Houston, TX | $31,582,319 | $3,073,769 |
Creative Action Austin, TX | $3,479,965 | $2,986,946 |
Plano Childrens Theatre Plano, TX | $1,873,883 | $3,548,642 |
Main Street Theater Houston Houston, TX | $3,176,471 | $2,765,553 |
International Alliance Theatrical Stage Employees & Moving Picture New Orleans, LA | $12,003,795 | $3,171,295 |
Casa Manana Inc Fort Worth, TX | $7,598,207 | $4,040,134 |