Cedar Summerstock Theatre
- Assets
- $931.2k
- Revenue
- $303.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Saint Ansgar, IA
- Founding
- Data as of
- 10/2023
- EIN
- 86-2394246
Organization Overview
Cedar Summerstock Theatre is located in Saint Ansgar, IA. 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 10/2023, Cedar Summerstock Theatre employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Summerstock 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 10/2023, Cedar Summerstock Theatre generated $303.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $307.8k during the year ending 10/2023. While expenses have increased by 11.7% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CEDAR SUMMERSTOCK THEATRE IS A COMMUNITY-DRIVEN ORGANIZATION THAT CULTIVATES AMERICA'S BEST THEATER TALENT IN THE HEARTLAND. WE CONNECT COMMUNITIES AND GROW TOMORROW'S ARTISTS WITH AFFORDABLE TICKET PRICES EVENTS AND WORKSHOPS. AT CEDAR SUMMERSTOCK THEATRE WE BELIEVE THAT THE ARTS HAVE THE POWER TO TRANSFORM LIVES. OUR COMMITMENT TO QUALITY PRODUCTIONS AND UNIQUE THEATER EXPERIENCES WILL CONTINUE TO EARN US A PLACE AMONG THE BEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMERSTOCK THEATER PRODUCTIONS: CEDAR SUMMERSTOCK THEATRE CST ANNUALLY PRODUCES FOUR MUSICAL THEATER PRODUCTIONS IN RURAL MITCHELL COUNTY IOWA. CST'S APPROACH IS CENTERED AROUND CREATING PRODUCTIONS THAT ENGAGE AUDIENCES AND CULTIVATE THE TALENTS OF OUR ACTORS DIRECTORS AND THEATER PROFESSIONALS. CST IS PASSIONATE ABOUT PROMOTING AND SUPPORTING THE ARTS AND CREATE OPPORTUNITIES FOR EVERYONE TO EXPERIENCE THE TRANSFORMATIVE POWER OF THEATER. CST INCREASED THE SEASON'S ATTENDANCE BY 28% OVER THE PRIOR YEAR INCLUDING AN EFFORT TO INCREASE GROUP SALES. CST CONTINUES TO ATTRACT COLLEGE CAST AND CREW FROM COLLEGE PROGRAMS THROUGHOUT THE US.
CABARETS: CEDAR SUMMERSTOCK THEATRE'S TALENTED COLLEGE CAST TAKE THEIR ACT ON THE ROAD AND PERFORM AT LOCAL VENUES IN AND AROUND THE MITCHELL COUNTY AREA.
BUILDING OPERATION & MANAGEMENT: CST ACQUIRED LAND BUILDING AND EQUIPMENT FROM ANOTHER NON-PROFIT ORGANIZATION IN MITCHELL COUNTY IOWA. CST TOOK OVER THE MANAGEMENT AND OPERATION OF A 35,000 SQUARE FOOT FORMER SCHOOL BUILDING AND ADJACENT GROUNDS AS A MIXED-USE COMMUNITY BUILDING. CST HOUSES A VARIETY OF LONG-TERM TENANTS IN FORMER CLASSROOMS AND ALSO HOST SHORT-TERM RENTERS WHO USE THE BUILDING ON AN HOURLY OR DAILY BASIS FOR PRIVATE EVENTS. REVENUE IS FROM LEASES AND RENTALS EXPENSES ARE THOSE ASSOCIATED WITH BUILDING MAINTENANCE AND IMPROVEMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Korinko Chair | Trustee | 5 | $0 |
Thea Porisch Vice Chair | Trustee | 5 | $0 |
Margaret Berg Treasurer | Trustee | 5 | $0 |
Deb Pitzen Secretary | Trustee | 2 | $0 |
Colleen Byrnes Board Member | Trustee | 1 | $0 |
Kathryn Cima Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,094 |
| Total Program Service Revenue | $141,500 |
| 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 | $303,594 |
| 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 | $59,459 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,100 |
| 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 | $80,035 |
| Advertising and promotion | $27,045 |
| Office expenses | $5,898 |
| Information technology | $0 |
| Royalties | $16,805 |
| Occupancy | $38,978 |
| Travel | $5,974 |
| 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 | $720 |
| Insurance | $11,257 |
| All other expenses | $0 |
| Total functional expenses | $307,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,226 |
| 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 | $2,982 |
| Net Land, buildings, and equipment | $879,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $931,215 |
| Accounts payable and accrued expenses | $12,639 |
| Grants payable | $0 |
| Deferred revenue | $800 |
| 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 | $0 |
| Total liabilities | $13,439 |
| Net assets without donor restrictions | $917,776 |
| 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 | $931,215 |