Very Little Theater Inc
- Assets
- $1.4m
- Revenue
- $410.8k
- Investments
- $59.9k
- Employees
- 1
- Location
- Eugene, OR
- Founding
- 03/1936
- Data as of
- 06/2021
- EIN
- 93-6025357
Organization Overview
Very Little Theater Inc is located in Eugene, OR. The organization was established in 1936. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Very Little Theater 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, Very Little Theater Inc generated $410.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $108.3k 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
MEMBERS OF THE ORGANIZATION PROVIDE THE PERSONNEL TO STAFF THE THEATRE FOR PRESENTATION OF PLAYS, BOX OFFICE MANAGEMENT, GENERAL AND ADMINISTRATIVE FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATER HAS BEEN CLOSED FOR PRODUCTIONS DUE TO COVID SINCE MARCH 2020. ALL EXPENSES WERE FOR THE SUPPORT OF THE BUSINESS AS WE WORK ON A CAPITAL IMPROVEMENT PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Scheeland President | OfficerTrustee | 10 | $0 |
Tim Tendick Treasurer | OfficerTrustee | 10 | $0 |
Judy Wenger Vice-President | OfficerTrustee | 5 | $0 |
Marleena Pearson Secretary | OfficerTrustee | 4 | $0 |
Marc Shapiro Director | Trustee | 2 | $0 |
Chris Hansen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $940 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,697 |
| Total Program Service Revenue | $0 |
| Investment income | $14,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $797 |
| Net Gain/Loss on Asset Sales | $3,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| 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 | $14,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,095 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $897 |
| Office expenses | $7,322 |
| Information technology | $3,468 |
| Royalties | $217 |
| Occupancy | $22,468 |
| 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 | $15,578 |
| Insurance | $8,257 |
| All other expenses | $1,188 |
| Total functional expenses | $108,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,640 |
| Savings and temporary cash investments | $627,703 |
| Pledges and grants receivable | $21,550 |
| 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 | $5,452 |
| Net Land, buildings, and equipment | $449,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $59,872 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,792 |
| Total assets | $1,399,706 |
| Accounts payable and accrued expenses | $57,944 |
| Grants payable | $0 |
| Deferred revenue | $920 |
| 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 | $7,500 |
| Other liabilities | $0 |
| Total liabilities | $66,364 |
| Net assets without donor restrictions | $949,025 |
| Net assets with donor restrictions | $384,317 |
| 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 | $1,399,706 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Very Little Theater Inc has recieved totaling $11,131.
| Awarding Organization | Amount |
|---|---|
Autzen Foundation Portland, OR PURPOSE: VERY LITTLE THEATRE REBRANDING OF ICONIC 92-YEAR-OLD THEATRE IN EUGENE | $6,000 |
Ash Grove Charitable Foundation Overland Park, KS PURPOSE: ARTS AND CULTURE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $131 |
Endowment Analysis
| Earnings | $3,792 |
| Net Contributions | $25,000 |
| Ending Balance | $28,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Leaders Of Color Inc Los Angeles, CA | $14,016,932 | $11,143,423 |
Scbwi Society Of Childrens Book Writers And Illustrators A Nonprof Los Angeles, CA | $4,123,775 | $4,448,435 |
News Revenue Hub Inc San Diego, CA | $2,998,798 | $3,194,670 |
Artown Reno, NV | $1,599,720 | $2,003,182 |
Pittsburg Arts And Community Foundation Pittsburg, CA | $1,849,271 | $1,408,634 |
San Francisco Opera Guild San Francisco, CA | $6,980,145 | $1,005,884 |
Ninth Street Media Consortium Inc San Francisco, CA | $649,480 | $728,404 |
Committee Of One Hundred For The Pres Of Spanish Col Arch In Bal San Diego, CA | $546,335 | $329,356 |
Joe Goode Perfomance Group San Francisco, CA | $341,223 | $555,045 |
Center For The Force Majeure Foundation Santa Cruz, CA | $22,228 | $467,500 |
Friends Of Santa Cruz County Parks Santa Cruz, CA | $533,343 | $646,253 |
Each One Reach One Inc San Francisco, CA | $0 | $288,744 |