Latchis Arts Inc
- Assets
- $1.3m
- Revenue
- $103.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Brattleboro, VT
- Founding
- 04/1976
- Data as of
- 06/2022
- EIN
- 03-0231573
Organization Overview
Latchis Arts Inc is located in Brattleboro, VT. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latchis Arts 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 06/2022, Latchis Arts Inc generated $103.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $97.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RENOVATIONS OF LATCHIS THEATRE IN BRATTLEBORO, VERMONT
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENOVATIONS OF LATCHIS THEATRE IN BRATTLEBORO, VERMONT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Bacon Vice President | OfficerTrustee | 8 | $0 |
Chris Hardee Secretary | OfficerTrustee | 4 | $0 |
Angela Snow President | OfficerTrustee | 12 | $0 |
Sharon Keller Treasurer | OfficerTrustee | 6 | $0 |
Joey Morgan Director | Trustee | 4 | $0 |
Ian Hefele Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,423 |
| Total Program Service Revenue | $28,296 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,987 |
| 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 | $103,735 |
| 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 | $33,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,700 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $375 |
| Advertising and promotion | $3,286 |
| Office expenses | $1,598 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,184 |
| Insurance | $1,323 |
| All other expenses | $0 |
| Total functional expenses | $97,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,016 |
| Savings and temporary cash investments | $31,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,661 |
| 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 | $0 |
| Net Land, buildings, and equipment | $119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,082,686 |
| Investments—program-related | $0 |
| Intangible assets | $132,143 |
| Other assets | $0 |
| Total assets | $1,308,952 |
| Accounts payable and accrued expenses | $400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $214,647 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $215,047 |
| Net assets without donor restrictions | $1,088,760 |
| Net assets with donor restrictions | $5,145 |
| 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 | $1,308,952 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Latchis Arts Inc has recieved totaling $5,762.
| Awarding Organization | Amount |
|---|---|
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $5,000 |
Windham Foundation Grafton, VT PURPOSE: LOCAL ARTS ORGANIZATION - GENERAL OPERATING SUPPORT | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Palace Theatre Trust Manchester, NH | $12,127,067 | $4,561,211 |
Friends Of The Music Hall Portsmouth, NH | $11,111,524 | $6,060,196 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |
Cabot Performing Arts Center Inc Beverly, MA | $9,302,777 | $5,349,464 |
Boston Center For The Arts Inc Boston, MA | $29,580,802 | $3,268,105 |
Sheas Oconnel Preservation Guild Ltd Buffalo, NY | $23,711,846 | $2,193,834 |
The Wang Center For The Performing Arts Inc Boston, MA | $34,395,056 | $6,359,659 |