United States Institute For Theatre Technology Inc
- Assets
- $4.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Liverpool, NY
- Founding
- 03/1967
- Data as of
- 06/2021
- EIN
- 13-6216921
Organization Overview
United States Institute For Theatre Technology Inc is located in Liverpool, NY. The organization was established in 1967. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, United States Institute For Theatre Technology Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Institute For Theatre Technology 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, United States Institute For Theatre Technology Inc generated $1.5m 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 (8.0%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACTIVELY CONNECT PERFORMING ARTS DESIGN AND TECHNOLOGY COMMUNITIES TO ENSURE A VIBRANT DIALOG AMONG PRACTITIONERS , EDUCATORS, AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & TRAINING - PROGRAMMING - SEMINARS AND HANDS ON TRAINING IN THEATRE DESIGN, TECHNOLOGY, AND SAFETY HELD IN LOCATIONS THROUGHOUT THE UNITED STATES OF AMERICA.
PUBLICATIONS - INCLUDING DIRECTORY NEWSLETTERS & TRADE JOURNALS PUBLISHED & PRODUCED BY THE ORGANIZATION CONCERNING TECHNICAL ASPECTS OF THEATRE & FINE ARTS.
NATIONAL CONFERENCE THAT IS NORMALLY HELD ANNUALLY. HOWEVER, THIS YEAR IT WAS CANCELLED BECAUSE OF COVID-19, HENCE THE DECREASE IN REVENUE. THE MAIN TOPICS OF THE CONFERENCE WHEN IT IS HELD ARE SEMINARS AND LECTURES ON THE TECHNICAL ASPECTS OF THE THEATRE AND OTHER RELATED SECTORS OF THE FINE ARTS.
GRANTS & AWARDS - GIVEN TO INDIVIDUALS TO BE USED FOR THE ENHANCEMENT AND PROMOTION OF THE THREATRE AND FINE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Grindle Executive Di | Officer | 40 | $146,477 |
Paul Brunner Secretary | Officer | $0 | |
Ashley Bellet Vp-Commissio | Officer | $0 | |
Dan Culhane President | Officer | $0 | |
Kasey Allee- Foreman Vp-Conferenc | Officer | $0 | |
Tammy Honesty Vp-Education | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,115 |
| Investment income | $83,557 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,474,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $83,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,836 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,957 |
| Payroll taxes | $63,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,120 |
| Fees for services: Accounting | $20,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,442 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,235 |
| Travel | $8,619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,054 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,405 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,973,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,825 |
| Prepaid expenses and deferred charges | $243,675 |
| Investments—publicly traded securities | $4,006,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,540,494 |
| Accounts payable and accrued expenses | $224,606 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $187,270 |
| Other liabilities | $603,220 |
| Total liabilities | $1,015,096 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,525,398 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that United States Institute For Theatre Technology Inc has recieved totaling $10,471.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $200 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Endowment Analysis
| Beg. Balance | $845,031 |
| Earnings | $181,066 |
| Net Contributions | $7,287 |
| Ending Balance | $1,013,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advertising Research Foundation Inc New York, NY | $7,084,927 | $8,623,968 |
The International Coalition Of Historic Ite Museums Of Conscience New York, NY | $2,572,354 | $8,768,933 |
Theatre Communications Group Inc New York, NY | $7,458,021 | $6,461,267 |
The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
American Symphony Orchestra League New York, NY | $11,789,942 | $6,931,089 |
Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |
Authors Guild Inc New York, NY | $3,070,324 | $4,065,324 |
Boston Society Of Architects Treasurers Office Boston, MA | $12,418,866 | $3,237,658 |