Lake Theatre Productions
- Assets
- $170.4k
- Revenue
- $112.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Lake George, NY
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-0982503
Organization Overview
Lake Theatre Productions is located in Lake George, NY. The organization was established in 2016. 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 12/2021, Lake Theatre Productions employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Theatre Productions 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 12/2021, Lake Theatre Productions generated $112.7k 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 (9.7%) each year. All expenses for the organization totaled $68.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION PROVIDES THEATRICAL PERFORMANCES WHILE PROVIDING EDUCATION TO THE GENERAL PUBLIC ON THE MAKINGS OF THOSE PERFOMANCES, HOW TO BECOME INVOLVED IN THE THEATRICAL PERFORMANCES AND SUPPORTING LOCAL SCHOOLS, COLLEGES AND UNIVERSITIES TO FURTHER EDUCATE PERSONS WHO WISH TO BECOME INVOLVED IN THE THEATRICAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES THEATRICAL PERFORMANCES WHILE EDUCATING THE GENERAL PUBLIC ON THE MAKINGS OF THE PERFORMANCES AND CONVEYING THE POSSIBILITY OF INVOLVEMENT IN THE THEATRICAL ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandler Atkins Treasurer | OfficerTrustee | $0 | |
Ruth Liberman Secretary | OfficerTrustee | $0 | |
Johanna Maiorella VP | OfficerTrustee | $0 | |
Sharon Reynolds President | OfficerTrustee | $0 | |
Sue D'angelico Director | Trustee | $0 | |
Dan Gibbs Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,646 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,570 |
| Total Program Service Revenue | $21,774 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,744 |
| Net Income from Fundraising Events | $600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,688 |
| 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 | $23,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,470 |
| Payroll taxes | $3,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,993 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $3,000 |
| Occupancy | $0 |
| Travel | $752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,221 |
| Insurance | $3,223 |
| All other expenses | $3,244 |
| Total functional expenses | $68,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,660 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,733 |
| Other assets | $3,228 |
| Total assets | $170,353 |
| Accounts payable and accrued expenses | $0 |
| 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 | $96,900 |
| Other liabilities | $0 |
| Total liabilities | $96,900 |
| Net assets without donor restrictions | $73,453 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $170,353 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Theatre Productions has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Touba Family Foundation Inc Glens Falls, NY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |
Atlantic Theater Company New York, NY | $26,591,945 | $8,396,675 |
Geva Theatre Center Inc Rochester, NY | $17,333,733 | $8,117,861 |
Northern Stage Company White River Junction, VT | $17,129,255 | $10,516,275 |
George Street Playhouse Inc New Brunswick, NJ | $6,896,308 | $6,837,551 |
International Alliance Theatrical Stage Employees & Moving Picture New York, NY | $13,015,937 | $8,762,543 |
Paper Mill Playhouse Millburn, NJ | $20,009,816 | $8,770,993 |