Historic West Bend Theatre
- Assets
- $4.4m
- Revenue
- $838.2k
- Investments
- $0.0
- Employees
- 24
- Location
- West Bend, WI
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-2527857
Organization Overview
Historic West Bend Theatre is located in West Bend, WI. The organization was established in 2017. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Historic West Bend Theatre employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic West Bend Theatre 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 12/2023, Historic West Bend Theatre generated $838.2k 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 (11.8%) each year. All expenses for the organization totaled $840.5k during the year ending 12/2023. 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
TO CONNECT THE COMMUNITY THROUGH ENTERTAINMENT, SOCIAL, AND EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HISTORIC WEST BEND THEATRE, INC. (HWBT, 501(C)3), OTHERWISE KNOWN AS THE BEND, IS AN EXPERIENCE VENUE IN DOWNTOWN WEST BEND, WI. OUR PURPOSE IS RESTORING THE WEST BEND THEATRE, LOCATED AT 125 MAIN STREET, WEST BEND, WISCONSIN, TO A SAFE AND FUNCTIONAL HISTORIC BUILDING FOR USE BY BOTH PUBLIC AND PRIVATE ENTITIES, AND TO CREATE OPPORTUNITIES WITHIN THAT SPACE TO BENEFIT THE GREATER WASHINGTON COUNTY AREA IN THE FORM OF EDUCATION, ENTERTAINMENT, AND THE ARTS. SPECIFICALLY, OUR ORGANIZATION WILL PROCURE AND PROMOTE OPPORTUNITIES FOR ARTS EDUCATION DESIGNED TO FACILITATE CULTURAL AWARENESS AND BUILD CREATIVE SELF-CONFIDENCE FOR ALL WHO ENJOY OUR VENUE, TO PRESENT A BROAD AND DIVERSE ARRAY OF PERFORMING AND VISUAL ARTS, AND TO ACT AS A GATHERING PLACE FOR AND WITH THE COMMUNITY AROUND US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nic Novaczyk President | OfficerTrustee | 1 | $0 |
Kine Torinus Vice President | OfficerTrustee | 1 | $0 |
John Torinus Secretary | OfficerTrustee | 1 | $0 |
Patrick O'connor Treasurer | OfficerTrustee | 1 | $0 |
John Sancomb Assistant Treasurer | OfficerTrustee | 1 | $0 |
Barry Bertram Director | Trustee | 1 | $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 | $205,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,068 |
| Total Program Service Revenue | $216,115 |
| Investment income | $9,300 |
| 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 | $399,381 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $838,178 |
| 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. | $15,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,990 |
| 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 | $19,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,661 |
| Travel | $15,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,588 |
| Insurance | $23,218 |
| All other expenses | $55,676 |
| Total functional expenses | $840,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,333 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $126,776 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $424,687 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,115 |
| Net Land, buildings, and equipment | $27,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,638,850 |
| Total assets | $4,429,656 |
| Accounts payable and accrued expenses | $36,778 |
| Grants payable | $0 |
| Deferred revenue | $66,304 |
| 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 | $308,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $443,303 |
| Total liabilities | $854,785 |
| Net assets without donor restrictions | $3,463,075 |
| Net assets with donor restrictions | $111,796 |
| 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 | $4,429,656 |