State Theatre Inc

Organization Overview

State Theatre Inc is located in State College, PA. The organization was established in 2002. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2020, State Theatre Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State 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 10/2020, State Theatre Inc generated $800.7k 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 (11.3%) each year. All expenses for the organization totaled $964.6k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY PERFORMING ARTS CENTER

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE STATE THEATRE OPENED IN DECEMBER 2006 AS A COMMUNITY OWNED AND OPERATED PERFORMING ARTS CENTER. WE ARE LOCATED IN DOWNTOWN STATE COLLEGE, ACROSS THE STREET FROM PENN STATE UNIVERSITY. WE ENRICH THE COMMUNITY'S CULTURAL OPPORTUNITIES WITH DIVERSE LOCAL AND REGIONAL PERFORMANCES, NATIONAL TOURING ACTS, SIMULCASTS OF METROPOLITAN OPERA PERFORMANCES, AND INDEPENDENT, CLASSIC, AND FOREIGN FILMS. PRIOR TO THE SUSPENSION OF PUBLIC PERFORMANCES IN EARLY MARCH DUE TO COVID-19 RESTRICTIONS, IN FY 20 OVER 12,000 PATRONS EXPERIENCED 12 NATIONAL TOURING ACTS, 17 PRESENTATIONS OF LOCAL PERFORMING ARTS GROUPS, 50 DIVERSE MOVIE SHOWINGS, AND 6 METROPOLITAN OPERA PERFORMANCES. THE THEATRE WAS UTILIZED AN ADDITIONAL 119 TIMES BY VARIOUS COMMUNITY ORGANIZATIONS SUCH AS CHILDREN'S DANCE ENSEMBLES, THE LOCAL ORCHESTRA, HIGH SCHOOL DRAMA GROUPS, IMPROV COMEDY ENSEMBLES, PUPPETEERS, AS WELL AS UNIVERSITY-HOSTED SYMPOSIUMS AND UNDERGRADUATE CLASSES IN THEATER AND CINEMA.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Gregg
Executive Director(until Aug 2020)
$67,091
Matt Jordan
Vice Chair
$0
Richard J Wisniewski
Treasurer
$0
Elizabeth Yoder
Chair
$0
Ken Shafranko
Secretary
$0
Oj Johnston
Director(until July 2020)
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$324,042
Investment income $1,238
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,661
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $34,065
Miscellaneous Revenue$0
Total Revenue $800,655

Grants Recieved

Over the last fiscal year, we have identified 4 grants that State Theatre Inc has recieved totaling $60,123.

Awarding OrganizationAmount
Centre County Community Foundation Inc

State College, PA

PURPOSE: GENERAL SUPPORT

$29,614
Centre County Lion Country Visitors Convention Bureau

State College, PA

PURPOSE: TOURISM PROMOTION

$25,000
Freas Foundation Inc

Glen Allen, VA

PURPOSE: GENERAL FUND

$5,300
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$209
View Grant Recipient Profile

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