Indian Lake Theater Inc is located in Indian Lake, NY. The organization was established in 2011. 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 12/2022, Indian Lake Theater Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Lake Theater 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 12/2022, Indian Lake Theater Inc generated $121.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $157.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FOSTERED CULTURE AND THE ARTS TO THE SEASONAL AND YEAR ROUND RESIDENTS OF THE COMMUNITY AND SURROUNDING AREAS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Corbitt President | 1 | $0 | |
Dan Nielsen Vice President | 1 | $0 | |
Araina Eldridge Secretary | 1 | $0 | |
Rebecca Oppenheimer Treasurer | 1 | $0 | |
Martha Steuding Bilsback Director | 1 | $0 | |
Alexander Gasowski Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,636 |
| Total Program Service Revenue | $41,154 |
| Membership dues | $0 |
| Investment income | $622 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,825 |
| Other Revenue | $11,625 |
| Total Revenue | $121,862 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $77,735 |
| Professional fees and other payments to independent contractors | $739 |
| Occupancy, rent, utilities, and maintenance | $13,880 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,708 |
| Total expenses | $157,062 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,373 |
| Other assets | $0 |
| Total assets | $214,629 |
| Total liabilities | $22,856 |
| Net assets or fund balances | $191,773 |