State Theater Company
- Assets
- $2.8m
- Revenue
- $224.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/1982
- Data as of
- 09/2023
- EIN
- 74-2243193
Organization Overview
State Theater Company is located in Austin, TX. The organization was established in 1982. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Theater Company 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 09/2023, State Theater Company generated $224.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $77.6k during the year ending 09/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
WE'RE HERE TO INSPIRE GENERATIONS. WE CONNECT PEOPLE AND STRENGTHEN COMMUNITY BY SHOWCASING UNFORGETTABLE PERFORMANCES ACROSS GENRES, PROVIDING LIFE-CHANGING ARTS EDUCATION PROGRAMS, AND DREAMING UP MAGICAL EXPERIENCES IN ICONIC VENUES THAT ANCHOR AND DEFINE DOWNTOWN AUSTIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STATESIDE THEATRE, CONSTRUCTED IN 1935 AS AUSTIN'S FIRST VENUE BUILT SPECIFICALLY TO SHOW MOTION PICTURES, IS AN UNDERSTATED BUT ESSENTIAL PIECE OF AUSTIN HISTORY AND THE AUSTIN THEATRE ALLIANCE'S CURRENT ROLE IN THE LOCAL ARTS COMMUNITY. IT WAS LAST RENOVATED IN THE 1980S AND HAS A MAXIMUM OCCUPANCY OF 310. THE STATESIDE THEATRE PROVIDES AN INTIMATE, ACCESSIBLE SPACE FOR LOCAL ARTS ORGANIZATIONS TO RENT, UP-AND-COMING MUSICIANS TO LAUNCH INTO LARGER MARKETS, AND FOR THE ORGANIZATION TO HOST COMMUNITY EVENTS AND TRY NEW, INNOVATIVE IDEAS. LIKE THE PARAMOUNT, THE STATESIDE THEATRE ALSO SUPPORTS THE MANY PROGRAMS OF THE AUSTIN THEATRE ALLIANCE INCLUDING THE PARAMOUNT EDUCATION PROGRAMS, THE MOONTOWER JUST FOR LAUGHS COMEDY FESTIVAL, THE SUMMER CLASSIC FILM SERIES, AND COMMUNITY ACCESS PROGRAMS; HOSTS WORLD PREMIERES OF SXSW, AUSTIN FILM FESTIVAL, AND BEYOND; AND WORKS WITH EXPERTS TO ENSURE THE CAREFUL PRESERVATION OF AUSTIN HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Renbarger President | OfficerTrustee | 1 | $0 |
David Smith Treasurer | OfficerTrustee | 1 | $0 |
H James Ritts III Secretary/ceo | OfficerTrustee | 5 | $0 |
Hal Katz Member | Trustee | 1 | $0 |
Sandra Hill Chief Financial Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $224,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,341 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $68,777 |
| Insurance | $0 |
| All other expenses | $8,825 |
| Total functional expenses | $77,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,881 |
| Savings and temporary cash investments | $5,606 |
| 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 | $4,710 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,007,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,803,296 |
| Total assets | $2,846,585 |
| Accounts payable and accrued expenses | $3,645 |
| 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 | $0 |
| Total liabilities | $3,645 |
| Net assets without donor restrictions | $2,837,337 |
| Net assets with donor restrictions | $5,603 |
| 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 | $2,846,585 |