New Reno Little Theater
- Assets
- $1.3m
- Revenue
- $287.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Reno, NV
- Founding
- 07/1978
- Data as of
- 07/2021
- EIN
- 88-0054639
Organization Overview
New Reno Little Theater is located in Reno, NV. The organization was established in 1978. 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 07/2021, New Reno Little Theater employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Reno Little Theater 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 07/2021, New Reno Little Theater generated $287.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $317.6k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY THEATER PRODUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIVE PROGRAMS WERE PRESENTED BY RLT TO THE GENERAL PUBLIC WITH A TOTAL AUDIENCE OF 357.
RLT HELD 12 CAMPS AND 6 CLASSES IN ADDITION TO HOSTING 6 SHOWCASES AND 5 PRODUCTIONS. THERE WERE A TOTAL OF 590 PARTICIPANTS - BOTH LIVE AND VIRTUAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Taylor Executive Director | Officer | 50 | $50,000 |
Maxine Harmatta Chair | OfficerTrustee | 5 | $0 |
Adriano Cabral Vice Chair | OfficerTrustee | 2 | $0 |
Moira Bengoechea Secretary | OfficerTrustee | 5 | $0 |
Jeff Chamberlin Treasurer | OfficerTrustee | 1 | $0 |
Deanna Podstawa Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,738 |
| Noncash contributions included in lines 1a–1f | $2,638 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,688 |
| Total Program Service Revenue | $43,904 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,820 |
| 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 | $287,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,388 |
| Compensation of current officers, directors, key employees. | $18,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,887 |
| Payroll taxes | $7,461 |
| 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 | $10,528 |
| Advertising and promotion | $13,408 |
| Office expenses | $21,904 |
| Information technology | $7,528 |
| Royalties | $1,747 |
| Occupancy | $19,514 |
| 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 | $60,188 |
| Insurance | $12,414 |
| All other expenses | $4,565 |
| Total functional expenses | $317,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,400 |
| Accounts receivable, net | $35,852 |
| 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 | $8,342 |
| Net Land, buildings, and equipment | $942,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,334,475 |
| Accounts payable and accrued expenses | $17,228 |
| Grants payable | $0 |
| Deferred revenue | $31,575 |
| 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 | $140,811 |
| Total liabilities | $189,614 |
| Net assets without donor restrictions | $1,144,861 |
| 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 | $1,334,475 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New Reno Little Theater has recieved totaling $58,126.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Nevada Reno, NV PURPOSE: General support | $37,652 |
Charles N Mathewson Foundation Reno, NV PURPOSE: AGELESS REPERTORYS RESIDENCE AT RENO LITTLE THEATER | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $274 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Conservatory Theatre Foundation San Francisco, CA | $52,882,749 | $20,975,914 |
Hale Centre Theatre Sandy, UT | $67,089,883 | $41,532,108 |
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Old Globe Theatre San Diego, CA | $79,168,056 | $16,473,770 |
Geffen Playhouse Inc Los Angeles, CA | $33,029,635 | $21,063,113 |
Center Theatre Group Of Los Angeles Los Angeles, CA | $93,308,392 | $15,777,431 |
Theatre & Arts Foundation Of San Diego County La Jolla, CA | $96,134,792 | $15,790,250 |
Berkeley Repertory Theatre Berkeley, CA | $78,284,133 | $11,370,014 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Theatreworks Silicon Valley Redwood City, CA | $8,373,819 | $8,187,041 |
South Coast Repertory Inc Costa Mesa, CA | $83,774,342 | $5,710,509 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |