Rees Theatre Inc
- Assets
- $4.4m
- Revenue
- $416.4k
- Investments
- $0.0
- Employees
- 20
- Location
- Plymouth, IN
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-3021665
Organization Overview
Rees Theatre Inc is located in Plymouth, IN. The organization was established in 2018. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Rees Theatre Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rees Theatre 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 12/2023, Rees Theatre Inc generated $416.4k 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 (7.0%) each year. All expenses for the organization totaled $368.5k 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
THE REES THEATRE INC.S MISSION IS TO RESTORE MAINTAIN AND OPERATE THE HISTORIC REES THEATRE AS AN ARTS CULTURAL AND EDUCATIONAL RESOURCE FOR THE USE AND BENEFIT OF THE COMMUNITY. IN LATE 2022 THE ORGANIZATION COMPLETED THE FINAL PHASE OF ITS RENOVATION AND RESTORATION OF THE THEATRE BUILDING AND OPENED TO THE PUBLIC. 2023 MARKED THE REES THEATRES FIRST FULL YEAR OF OPERATION AS A CENTER FOR ARTS EDUCATION AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ITS INAUGURAL 2023 PROGRAMMING SEASON THE REES THEATRE PRESENTED AN EXCITING AND DIVERSE SLATE OF MOVIES PERFORMANCES EDUCATIONAL PROGRAMS AND COMMUNITY EVENTS. HIGHLIGHTS FROM THE BUSY YEAR INCLUDED: *CINEMA - FRIDAY NIGHT DATE NIGHT MOVIES WEDNESDAY "SEASONED CITIZENS" MATINEES SUNDAY CHILDRENS MOVIES; *THEATER - COMMUNITY THEATER MURDER MYSTERY PERFORMANCES COMMUNITY THEATER MUSICALS COMMUNITY THEATER PLAYS COMEDY ACTS; *MUSIC - LIVE PERFORMANCES FEATURING BANDS AND ARTISTS REPRESENTING CLASSICAL JAZZ CHORAL BLUES 80S POP 50S 60S 70S FAVORITES ROCK AND FOLK GENRES; *EDUCATION - WORKFORCE TRAINING AND SEMINARS GRANT WORKSHOPS ACADEMIC LECTURES DOCUMENTARY PRESENTATIONS ELEMENTARY FIELD TRIPS ACADEMIC AWARD PROGRAMS SPEECH AND DEBATE TEAM SHOWCASE; *CIVIC - MEET THE CANDIDATE NIGHTS REGIONAL MAYORS ROUNDTABLE SERVICE CLUB MEETINGS AND FUNDRAISERS CHAMBER OF COMMERCE AWARDS MUSEUM EVENTS; AND *CELEBRATIONS - HIGH SCHOOL PROM GRADUATION PARTIES HOLIDAY PARTIES CLASS REUNIONS WEDDING EVENTS. FOR EACH HAPPENING AT THE REES VOLUNTEERS WELCOMED THE COMMUNITY SERVING AS USHERS CONCESSIONS WORKERS AND POST-EVENT CLEANERS. PAID AUDIO-VISUAL TECHNICIANS AND ARTISTIC DIRECTORS ENSURED THAT PRESENTATIONS AT THE REES WERE OF A HIGH CALIBER. EVEN WHEN NOT HOSTING AN EVENT OR PROGRAM THE REES THEATRE SERVES AS A CENTER FOR COMMUNITY CONNECTION. THE RESTORED LIGHTED MARQUEE CONTINUES TO ENHANCE THE DOWNTOWNS STREETSCAPE ANNOUNCING COMMUNITY EVENTS MESSAGES OF SUPPORT AND CELEBRATION AND AS AN OFFICIAL MARSHALL COUNTY EMERGENCY MESSAGING BOARD MESSAGES OF PUBLIC IMPORTANCE. INDIVIDUALS AND GROUPS MAY SPONSOR THEIR OWN MARQUEE POSTS TO PUBLICIZE NON-PROFIT EVENTS PROCLAIM HAPPY OCCASIONS OR COMMEMORATE MILESTONES. SUCH SPONSORSHIPS OFFSET THE OPERATING COSTS FOR THE BRILLIANT SIGNAGE. THE REES THEATRE LOOKS FORWARD TO 2024 AND ANOTHER YEAR OF BRINGING THE COMMUNITY TOGETHER TO CELEBRATE ARTS EDUCATION CULTURE AND MILESTONES.
FOR ALMOST SEVENTY YEARS THE REES THEATRE IN DOWNTOWN PLYMOUTH,INDIANA SERVED AS THE AREAS HUB FOR FAMILY ENTERTAINMENT. SADLY IN 2009 THE 1940 ART DECO THEATRE CLOSED AND FELL INTO DISREPAIR. RECOGNIZING THE VALUE OF THE BUILDING AS AN IMPORTANT CULTURAL AND HISTORIC LANDMARK FOR THE PEOPLE OF PLYMOUTH AND MARSHALL COUNTY A GROUP OF CONCERNED CITIZENS BEGAN MEETING IN 2016 AND 2017 TO EXPLORE HOW TO BRING THE REES THEATRE BACK TO LIFE AS A CENTER FOR ARTS CULTURE AND EDUCATION. IN 2018 THE REES THEATRE INC. COMMENCED THE MULTI-PHASED RESTORATION RENOVATION AND REPURPOSING WORK ON THE BUILDING. THE ORGANIZATION WORKED WITH ARCHITECTS ENGINEERS AUDIO-VISUAL EXPERTS AND CONSTRUCTION PROFESSIONALS FOR FOUR YEARS AND PROUDLY REOPENED THE REES THEATRE DOORS TO THE PUBLIC IN OCTOBER 2022. 2023 SAW A FEW FINISHING TOUCHES BEING ADDED TO THE RESTORED THEATRE AS WELL AS FINAL CONSULTATIONS WITH ENGINEERS ARCHITECTS AND AV EXPERTS. MECHANICAL REPAIRS AND ROUTINE MAINTENANCE ALSO TOOK PLACE IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Danielson President Board Of Directors | OfficerTrustee | 40 | $0 |
Donna Pontius Director | Trustee | 40 | $0 |
Lisa Miller Secretary Board Of Directors | OfficerTrustee | 10 | $0 |
Don Wendel Director | Trustee | 40 | $0 |
Linda Starr Director | Trustee | 10 | $0 |
Morgan Garrison Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown And Brown General Contractors General Contractor - Construction | 12/30/22 | $2,083,623 |
All Pro Integrated Systems Audio, Video, Lighting Installation | 12/30/22 | $156,261 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,873 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,985 |
| Total Program Service Revenue | $212,974 |
| 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 | $3,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178 |
| Grants and other assistance to domestic individuals. | $365 |
| 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 | $97,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,350 |
| 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 | $99,893 |
| Advertising and promotion | $20,948 |
| Office expenses | $1,379 |
| Information technology | $3,334 |
| Royalties | $10,090 |
| Occupancy | $22,333 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,537 |
| All other expenses | $6,339 |
| Total functional expenses | $368,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,039 |
| Savings and temporary cash investments | $5 |
| 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 | $4,117,935 |
| Investments—publicly traded securities | $263,412 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,400,391 |
| 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 | $489,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,269 |
| Total liabilities | $500,789 |
| Net assets without donor restrictions | $3,792,886 |
| Net assets with donor restrictions | $106,716 |
| 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 | $4,400,391 |