Panida Theater Committee Inc
- Assets
- $1.2m
- Revenue
- $450.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Sandpoint, ID
- Founding
- 09/1985
- Data as of
- 07/2024
- EIN
- 82-0233559
Organization Overview
Panida Theater Committee Inc is located in Sandpoint, ID. The organization was established in 1985. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2024, Panida Theater Committee Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panida Theater Committee 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 07/2024, Panida Theater Committee Inc generated $450.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $287.0k during the year ending 07/2024. While expenses have increased by 0.6% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE AND MANAGE A HISTORIC THEATER. TO BRING FILM, PERFORMING ARTS, CONCERTS, DANCE AND LIVE ENTERTAINMENT TO THE COMMUNITY.
Describe the Organization's Program Activity:
TO BRING FILM, PERFORMING ARTS, CONCERTS, DANCE AND LIVE ENTERTAINMENT TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Thompson Director | Trustee | 2 | $0 |
Foster Cline Director | Trustee | 2 | $0 |
Gail Trotta Director | Trustee | 2 | $0 |
Sean Behm Chairman | Officer | 2 | $0 |
Woody Sherwood Treasurer | Officer | 2 | $0 |
Donna Guthrie Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,165 |
| Fundraising events | $5,000 |
| Related organizations | $0 |
| Government grants | $40,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,922 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,438 |
| Total Program Service Revenue | $103,946 |
| Investment income | $1,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,491 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $65,627 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,402 |
| 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 | $125,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $260 |
| Payroll taxes | $9,723 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,556 |
| Office expenses | $6,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,155 |
| 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 | $54,877 |
| Insurance | $11,513 |
| All other expenses | $12,189 |
| Total functional expenses | $287,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $209 |
| Accounts receivable, net | $8,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $754 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $738,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,236 |
| Total assets | $1,225,690 |
| Accounts payable and accrued expenses | $9,996 |
| 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 | $7,370 |
| Total liabilities | $17,366 |
| 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 | $1,208,324 |
| Total liabilities and net assets/fund balances | $1,225,690 |