Fairbanks Drama Association And Fairbanks Childrens Theatre Inc
- Assets
- $1.1m
- Revenue
- $320.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Fairbanks, AK
- Founding
- 12/1980
- Data as of
- 06/2021
- EIN
- 23-7251136
Organization Overview
Fairbanks Drama Association And Fairbanks Childrens Theatre Inc is located in Fairbanks, AK. The organization was established in 1980. 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 06/2022, Fairbanks Drama Association And Fairbanks Childrens Theatre Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Drama Association And Fairbanks Childrens 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 06/2021, Fairbanks Drama Association And Fairbanks Childrens Theatre Inc generated $320.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $198.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) 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 TEACH, PRODUCE, AND SUPPORT QUALITY THEATRE FOR CHILDREN AND ADULTS IN THE FAIRBANKS AREA AND THE STATE OF ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021-2022 SEASON DRAMA PROJECTS, DRAMA CLASSES FOR YOUTH,AND CHILDREN'S CONCERT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Ferguson Former Executive Director | Officer | 40 | $81,834 |
By Valentine Secretary | OfficerTrustee | 1 | $0 |
Judy Tolbert Treasurer | OfficerTrustee | 2 | $0 |
Cindy Wright Executive Director | Officer | 40 | $0 |
Gregory Shipman Director | Trustee | 2 | $0 |
Bobbie Tarkiainen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,689 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $52,387 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,877 |
| Statement of Expenses | |
|---|---|
| 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. | $82,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,971 |
| Office expenses | $2,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,208 |
| Insurance | $5,684 |
| All other expenses | $0 |
| Total functional expenses | $198,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,149 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,113,556 |
| Accounts payable and accrued expenses | $1,347 |
| 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 | $235,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $237,152 |
| 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 | $876,404 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fairbanks Drama Association And Fairbanks Childrens Theatre Inc has recieved totaling $32,419.
| Awarding Organization | Amount |
|---|---|
Rasmuson Foundation Anchorage, AK PURPOSE: THEATRE VENTILATION SYSTEM | $24,819 |
Fairbanks Arts Association 483 Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $7,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
5th Avenue Theatre Association Seattle, WA | $19,781,467 | $22,661,308 |
Seattle Repertory Theatre Seattle, WA | $11,018,492 | $11,241,562 |
Village Theatre Issaquah, WA | $23,494,101 | $8,767,180 |
A Contemporary Theatre Inc Seattle, WA | $4,152,223 | $6,596,754 |
Tacoma Arts Live Tacoma, WA | $3,194,540 | $3,456,801 |
Music For Life Institute Bellingham, WA | $1,486,118 | $1,674,576 |
Taproot Theatre Seattle, WA | $7,891,610 | $2,609,460 |
Intiman Theatre Seattle, WA | $491,696 | $1,477,010 |
Tacoma Musical Playhouse Tacoma, WA | $5,947,355 | $2,051,568 |
Seattle Shakespeare Festival Seattle, WA | $4,282,723 | $2,436,819 |
Ripple Productions Seattle, WA | $1,063,009 | $1,619,078 |
Studio East Training For The Performing Arts Kirkland, WA | $1,317,158 | $2,067,448 |