Casino Star Theatre Foundation
- Assets
- $670.4k
- Revenue
- $176.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Gunnison, UT
- Founding
- 08/2006
- Data as of
- 06/2021
- EIN
- 27-0107313
Organization Overview
Casino Star Theatre Foundation is located in Gunnison, UT. The organization was established in 2006. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Casino Star Theatre Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casino Star 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 06/2021, Casino Star Theatre Foundation generated $176.4k 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 (10.5%) each year. All expenses for the organization totaled $200.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
THE ORGANIZATION HAS RESTORED A HISTORIC THEATER IN GUNNISON, UTAH. THE ORGANIZATION HAS NOT ONLY RESTORED THE BUILDING BUT HAS ALSO RESTORED THE PURPOSE OF THE BUILDING: TO PROVIDE MOVIES, CONCERTS, AND FESTIVALS. ACCORDINGLY, THE ORGANIZATION HAS MADE THE BUILDING AVAILABLE FOR COMMUNITY PROGRAMS. THE ORGANIZATION ALSO REACHES OUT TO THE PUBLIC TO ENCOURAGE THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF MOVIES, CONCERTS, AND FESTIVALS WITHIN THE HISTORIC CASINO STAR THEATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Rasmussen Chairman | OfficerTrustee | 0.5 | $0 |
Connie Kiesel Secretary | OfficerTrustee | 0.5 | $0 |
Scott Andersen Board Member | Trustee | 0.5 | $0 |
Roland Christensen Board Member | Trustee | 0.5 | $0 |
Debra Greener Board Member | Trustee | 0.5 | $0 |
Valene King Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,127 |
| Investment income | $1,995 |
| 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 | $176,428 |
| 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. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $79 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $47 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,283 |
| Insurance | $4,778 |
| All other expenses | $0 |
| Total functional expenses | $200,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,740 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,000 |
| 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 | $670,381 |
| Accounts payable and accrued expenses | $62 |
| 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 | $83,615 |
| Secured mortgages and notes payable | $227,943 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,359 |
| Total liabilities | $312,979 |
| 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 | $357,402 |