Academy Theatre Foundation
- Assets
- $1.2m
- Revenue
- $536.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Meadville, PA
- Founding
- 08/1989
- Data as of
- 04/2022
- EIN
- 25-1605495
Organization Overview
Academy Theatre Foundation is located in Meadville, PA. The organization was established in 1989. 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 04/2022, Academy Theatre Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Theatre Foundation 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 04/2022, Academy Theatre Foundation generated $536.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $311.3k during the year ending 04/2022. 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
PROVIDE CULTURAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A THEATER TO PROVIDE CULTURAL, EDUCATIONAL AND CIVIC EVENTS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John K Hodges Treasurer | OfficerTrustee | 24 | $0 |
Joan Castelli Secretary | OfficerTrustee | 24 | $0 |
Jane Pickens President | OfficerTrustee | 24 | $0 |
Dennis Frampton Vice President | OfficerTrustee | 24 | $0 |
Robert Smith Board Member | Trustee | 4.5 | $0 |
James Cook Director Emeritus | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $106,041 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,514 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,131 |
| Total Program Service Revenue | $133,476 |
| Investment income | $4,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,300 |
| Net Gain/Loss on Asset Sales | $755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,406 |
| 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 | $78,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,248 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,895 |
| Advertising and promotion | $16,352 |
| Office expenses | $4,904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,419 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,923 |
| Insurance | $7,845 |
| All other expenses | $4,392 |
| Total functional expenses | $311,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $16,828 |
| Net Land, buildings, and equipment | $550,691 |
| Investments—publicly traded securities | $317,348 |
| Investments—other securities | $0 |
| Investments—program-related | $10,197 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,169,041 |
| Accounts payable and accrued expenses | $5,919 |
| Grants payable | $0 |
| Deferred revenue | $12,571 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,490 |
| Net assets without donor restrictions | $1,142,991 |
| Net assets with donor restrictions | $7,560 |
| 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 | $1,169,041 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Academy Theatre Foundation has recieved totaling $25,044.
| Awarding Organization | Amount |
|---|---|
Ainsworth Foundation Saegertown, PA PURPOSE: GENERAL FUND | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Endowment Analysis
| Beg. Balance | $10,354 |
| Earnings | -$23 |
| Admin Expense | $134 |
| Ending Balance | $10,197 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
Playhouse Square Foundation Cleveland, OH | $326,085,880 | $24,719,658 |
New Jersey Performing Arts Center Corporation Newark, NJ | $266,001,987 | $34,288,526 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |