Chagrin Valley Little Theatre
- Assets
- $1.9m
- Revenue
- $321.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Chagrin Falls, OH
- Founding
- 02/1973
- Data as of
- 08/2021
- EIN
- 23-7150715
Organization Overview
Chagrin Valley Little Theatre is located in Chagrin Falls, OH. The organization was established in 1973. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Chagrin Valley Little Theatre employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chagrin Valley Little Theatre 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 08/2021, Chagrin Valley Little Theatre generated $321.6k 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 (8.8%) each year. All expenses for the organization totaled $146.9k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (16.2%) per year over the past 6 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 ENRICH THE CULTURAL LIFE OF THE CHAGRIN VALLEY AND NORTHEAST OHIO. THROUGH THE PRODUCTION OF LIVE THEATRE AND RELATED PROGRAMMING, IT ADVANCES THE SKILLS OF INDIVIDUALS WITHIN THE PERFORMING ARTS AND PROVIDES EDUCATIONAL AND OUTREACH PROGRAMS TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATER PRODUCTIONS: FOR THE PAST 91 YEARS, CHAGRIN VALLEY LITTLE THEATRE HAS BEEN RECOGNIZED THROUGHOUT THE REGION AS A VENUE FOR HIGH QUALITY, AFFORDABLE PRODUCTIONS THAT SHOWCASE THE TALENTS OF AREA ACTORS AND DELIGHT THOUSANDS OF THEATER LOVERS. CVLT WAS UNABLE TO PRODUCE ANY LIVE THEATER DURING THE 2020-2021 SEASON DUE TO THE COVID PANDEMIC. FROM SEPTEMBER, 2020 THROUGH MAY, 2021 THE THEATER WAS ABLE TO STREAM 7 PAST PERFORMANCES, AS WELL AS 3 SMALL SPECIAL EVENTS. ROUGHLY 500 INDIVIDUALS PARTICIPATED IN THE 10 STREAMING EVENTS
YOUTH THEATER: THE CVLT YOUTH THEATER NORMALLY OFFERS YOUNG ACTORS AND TECHNICIANS A PLACE TO LEARN THE BASICS OF ACTING AND THEATRE PRODUCTION. THE THEATER WAS ABLE TO HOLD ONE VIRTUAL SESSION WITH 15-20 YOUNG PEOPLE ON THEATER AND ACTING.
CVLT ALSO OFFERS ADDITIONAL PROGRAMMING THROUGH ITS COLLABORATION WITH THE CHAGRIN DOCUMENTARY FILM FESTIVAL AND ITS AFFILIATION WITH THE CHAGRIN FALLS STUDIO ORCHESTRA. THE CHAGRIN DOCUMENTARY FILM FESTIVAL NORMALLY RENTS THE CVLT FACILITIES FOR ITS ANNUAL FALL 5DAY PRODUCTION THAT ATTRACTS OVER 5,000 MEMBERS OF THE PUBLIC TO VIEWNUMEROUS DOCUMENTARY FILMS AT THE THEATER AND OTHER VENUES AROUND THE TOWN. UNFORTUNATELY, WITH THE THEATER CLOSED DURING THE 2020-2021 SEASON, CDFF OFFERED ONLY VIRTUAL PROGRAMMING IN THE FALL OF 2020. THE CHAGRIN STUDIO ORCHESTRA WAS NOT ABLE TO OFFER ANY LIVE PERFORMANCES DURING THE SEASON. A PAST HOLIDAY CONCERT WAS STREAMED OVER THE CHRISTMAS HOLIDAYS, WITH APPROXIMATELY 81 TICKETS PURCHASED FOR THAT EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Hughes Treasurer | OfficerTrustee | 3 | $0 |
Julia Wolff Board President | OfficerTrustee | 3 | $0 |
Rick Firehammer Vice President | OfficerTrustee | 3 | $0 |
Nancy Rogoff Secretary | OfficerTrustee | 3 | $0 |
Thomas Schleper Board Member | Trustee | 1 | $0 |
Helen Rizi Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $257,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,789 |
| Total Program Service Revenue | $13,992 |
| Investment income | $6,819 |
| 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 | $321,600 |
| 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 | $37,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210 |
| Advertising and promotion | $849 |
| Office expenses | $4,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,049 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,007 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,570 |
| Insurance | $12,297 |
| All other expenses | $0 |
| Total functional expenses | $146,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,422 |
| Savings and temporary cash investments | $120,576 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,840 |
| 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 | $9,124 |
| Net Land, buildings, and equipment | $1,403,560 |
| Investments—publicly traded securities | $26,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,890,631 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $16,789 |
| 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 | $170,862 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $187,651 |
| Net assets without donor restrictions | $1,680,753 |
| Net assets with donor restrictions | $22,227 |
| 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 | $1,890,631 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Chagrin Valley Little Theatre has recieved totaling $2,175.
| Awarding Organization | Amount |
|---|---|
Corinne L Dodero Charitable Tr For The Arts And Sciences Cleveland, OH PURPOSE: OPERATING | $2,000 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Society Hill Playhouse Center For The Performing Arts Inc Philadelphia, PA | $0 | -$3,636 |