Historic West Bend Theatre
- Assets
- $4.2m
- Revenue
- $421.6k
- Investments
- $0.0
- Employees
- 15
- Location
- West Bend, WI
- Founding
- 02/2017
- Data as of
- 12/2021
- 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 12/2021, Historic West Bend Theatre employed 15 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 12/2021, Historic West Bend Theatre generated $421.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $506.6k during the year ending 12/2021. 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
TO CONNECT THE COMMUNITY THROUGH ENTERTAINMENT, SOCIAL, AND EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IMPACT OF THE PANDEMIC HAS LESSENED SO THE THEATRE WAS ABLE TO HOST MORE EVENTS IN 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Potts Executive Di | Officer | 40 | $78,475 |
Nic Novaczyk President | OfficerTrustee | 1 | $0 |
Patrick O'connor Treasurer | OfficerTrustee | 1 | $0 |
John Sancomb Assistant Tr | OfficerTrustee | 1 | $0 |
Kine Torinus Vice Preside | OfficerTrustee | 1 | $0 |
John Torinus Secretary | OfficerTrustee | 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 | $166,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,390 |
| Total Program Service Revenue | $228,183 |
| Investment income | $9,632 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,605 |
| 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. | $78,475 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,956 |
| Pension plan accruals and contributions | $1,569 |
| Other employee benefits | $0 |
| Payroll taxes | $16,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,693 |
| 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 | $303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,029 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $587 |
| Insurance | $18,641 |
| All other expenses | $43,238 |
| Total functional expenses | $506,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,714 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $217,058 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $438,583 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,302 |
| Net Land, buildings, and equipment | $2,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,195,547 |
| Total assets | $4,249,137 |
| Accounts payable and accrued expenses | $54,397 |
| 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 | $658,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $712,797 |
| Net assets without donor restrictions | $3,536,340 |
| 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 | $4,249,137 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Historic West Bend Theatre has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Debbink Family Foundation Inc Oconomowoc, WI PURPOSE: CAPITAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Historical Society Saint Paul, MN | $261,681,031 | $58,257,393 |
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
The Barack Obama Foundation Chicago, IL | $693,835,698 | $159,957,411 |
Pioneer Home Incorporated Fergus Falls, MN | $18,276,562 | $17,034,682 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Old Tiger Stadium Conservancy Detroit, MI | $90,494 | $3,111,920 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |