Live Oak Theatre Company Inc
- Assets
- $606.4k
- Revenue
- $239.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Brooksville, FL
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-4240396
Organization Overview
Live Oak Theatre Company Inc is located in Brooksville, FL. 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 12/2022, Live Oak Theatre Company Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live Oak Theatre Company Inc 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 12/2022, Live Oak Theatre Company Inc generated $239.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $236.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LIVE OAK THEATRE COMPANY INC IS TO ENRICH OUR COMMUNITY BY PROVIDING FAMILY FRIENDLY ENTERTAINMENT, PERFORMANCE AND EDUCATIONAL OPPORTUNITIES FOR PARTICIPANTS OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICAL THEATRE- LIVE OAK THEATRE PRODUCED 6 PRODUCTIONS AS WELL AS SPECIAL EVENTS AND IMP IN 2022 WITH AN AVERAGE OF 100 ATTENDEES PER PERFORMANCE WITH CASTS THAT RANGED FROM 12 TO 45.
LIVE OAK CONSERVATORY- AN EDUCATIONAL PROGRAM SERVICE OFFERING CLASSES IN MUSIC, DRAMA AND DANCE WITH APPROXIMATELY 100 STUDENTS ENROLLED.
LIVE OAK SUMMER CAMPS- WE OFFERED THE FOLLOWING PERFORMING ARTS CAMPS LAST SUMMER THAT COVERED A VARIETY OF DISCIPLINES INCLUDING IMPROV, DANCE, ACTING , MUSICAL THEATRE AND PRODUCTION WITH APPROXIMATELY 80 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi Olsen President | Officer | 40 | $6,770 |
Katie Stacy Director | Trustee | 1 | $0 |
Keith Olsen Director | Trustee | 5 | $0 |
Barbara Manuel Director | Trustee | 1 | $0 |
Eric Kessel Director | Trustee | 1 | $0 |
David Steadman 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 | $91,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,069 |
| Total Program Service Revenue | $147,102 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,342 |
| 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. | $6,770 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,025 |
| 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 | $52,329 |
| Advertising and promotion | $2,084 |
| Office expenses | $38,403 |
| Information technology | $328 |
| Royalties | $10,795 |
| Occupancy | $66,062 |
| 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 | $0 |
| Insurance | $928 |
| All other expenses | $3,721 |
| Total functional expenses | $236,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,456 |
| 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 | $500,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,958 |
| Total assets | $606,414 |
| 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 | $261,829 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $261,829 |
| Net assets without donor restrictions | $0 |
| 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 | $344,585 |
| Total liabilities and net assets/fund balances | $606,414 |