Historic Elsinore Theatre Inc
- Assets
- $2.7m
- Revenue
- $588.3k
- Investments
- $0.0
- Employees
- 21
- Location
- Salem, OR
- Founding
- 03/1981
- Data as of
- 06/2021
- EIN
- 93-0776334
Organization Overview
Historic Elsinore Theatre Inc is located in Salem, OR. The organization was established in 1981. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Historic Elsinore Theatre Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Elsinore 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 06/2021, Historic Elsinore Theatre Inc generated $588.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $601.7k during the year ending 06/2021. 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
TO PROMOTE AND DEVELOP CULTURAL (ACTIVITIES) EXPERIENCES IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF HISTORIC THEATRE FOR BOTH EDUCATION AND ENTERTAINING ARTISTIC PERFORMANCES THROUGH A SERIES OF PERFORMANCES AND RENTAL OF THEATRE TO PERFORMING GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Carty President | OfficerTrustee | 1 | $0 |
Ric Linares Treasurer | OfficerTrustee | 1 | $0 |
Mike Forsee Director | Trustee | 1 | $0 |
Annemarie Dufault Director | Trustee | 1 | $0 |
Shelly Ehenger Director | Trustee | 1 | $0 |
Patrick Carney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,407 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $454,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,407 |
| Total Program Service Revenue | $23,796 |
| 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 | $87 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $588,311 |
| 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 | $139,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,389 |
| Payroll taxes | $15,941 |
| Fees for services: Management | $150,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,600 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$10,635 |
| Advertising and promotion | $2,132 |
| Office expenses | $6,537 |
| Information technology | $3,539 |
| Royalties | $0 |
| Occupancy | $22,240 |
| Travel | $162 |
| 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 | $97,776 |
| Insurance | $13,211 |
| All other expenses | $16,297 |
| Total functional expenses | $601,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,902 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,405,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,700,397 |
| Accounts payable and accrued expenses | $45,357 |
| Grants payable | $0 |
| Deferred revenue | $49,744 |
| 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 | $60,887 |
| Total liabilities | $155,988 |
| Net assets without donor restrictions | $2,517,118 |
| Net assets with donor restrictions | $27,291 |
| 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 | $2,700,397 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Historic Elsinore Theatre Inc has recieved totaling $25,132.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Performing Arts | $10,432 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,200 |
Compton Family Foundation Salem, OR PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Maps Community Foundation Salem, OR PURPOSE: SPONSORING CHARITY EVENT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teach Inc Los Angeles, CA | $46,053,689 | $17,904,465 |
Transcendence Theater Company Sonoma, CA | $1,498,299 | $4,201,604 |
New Earth Organization Culver City, CA | $3,011,328 | $2,352,178 |
Muse-Ique Pasadena, CA | $2,379,427 | $2,164,576 |
Shunpike Seattle, WA | $2,155,050 | $3,145,389 |
A Noise Within Pasadena, CA | $12,904,846 | $2,707,072 |
Grand Performances Los Angeles, CA | $1,649,335 | $1,940,001 |
On The Boards Seattle, WA | $8,063,400 | $5,761,969 |
Pioneer Center For The Performing Arts Reno, NV | $12,422,546 | $490,309 |
Childrens Creativity Museum San Francisco, CA | $909,867 | $1,014,568 |
State Theater Of Modesto Inc Modesto, CA | $3,395,163 | $1,010,614 |
Storycenter Berkeley, CA | $791,659 | $1,108,690 |