Studio Players Inc
- Assets
- $568.1k
- Revenue
- $126.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/1980
- Data as of
- 06/2024
- EIN
- 31-0987123
Organization Overview
Studio Players Inc is located in Lexington, KY. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio Players 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 06/2024, Studio Players Inc generated $126.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $114.0k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
STUDIO PLAYERS IS A COMMUNITY THEATRE THAT HAS BEEN IN CONTINUOUS OPERATION SINCE OUR FIRST SHOW IN 1953. A NON-PROFIT ORGANIZATION STUDIO PLAYERS MISSION IS TO OFFER PLAYS TO THE GREATER LEXINGTON KY AREA WHICH WILL BE ENJOYED BY A BROAD RANGE OF PATRONS. THE THEATRE IS VOLUNTEER DRIVEN WITH NO PAID STAFF. GOVERNANCE OF THE ORGANIZATION IS THROUGH AN 11 MEMBER BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIO PLAYERS HAS ONE PROGRAM SERVICE: TO PROVIDE QUALITY THEATRICAL PERFORMANCES TO OUR COMMUNITY AT AN AFFORDABLE PRICE-POINT. ORGANIZED IN NOVEMBER 1952 THE ORGANIZATION HAS BEEN OFFERING LIVE THEATRE CONTINUOUSLY SINCE JANUARY 1953. WE CURRENTLY PRESENT 6 SHOWS A YEAR INCLUDING A 10-MINUTE PLAY FESTIVAL IN AUGUST THAT HAS GAINED WIDE POPULARITY. THE ORGANIZATION DOES THIS WITH NO PERMANENT STAFF. BOARD MEMBERS AND OTHER MEMBERS OF THE THEATRE COMMUNITY PROVIDE THE EFFORTS TO KEEP SHOWS GOING. EVEN THOUGH OUR THEATRE SEATS ONLY 120 PEOPLE WE STILL ARE SUCCESSFUL IN MAKING A SMALL PROFIT EACH YEAR WITHOUT HAVING TO INCREASE OUR PRICES. CURRENT TICKET PRICES ARE ONLY $25 ALTHOUGH SEASON TICKET HOLDERS PAY A REDUCED PRICE,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Sharp President | Officer | 1 | $200 |
Gary Mccormick Past President | Officer | 2 | $900 |
Brett Ervin President Elect | Officer | 3 | $231 |
Steve Meadows Secretary | Officer | 4 | $1,150 |
David Bratcher Treasurer | Officer | 5 | $800 |
Evelyn Lear Trustee | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $330 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,385 |
| Total Program Service Revenue | $92,673 |
| Investment income | $9,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,964 |
| 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 | $931 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,201 |
| Fees for services: Accounting | $1,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,855 |
| Office expenses | $1,095 |
| Information technology | $1,138 |
| Royalties | $8,205 |
| Occupancy | $16,758 |
| 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 | $0 |
| Insurance | $6,103 |
| All other expenses | $0 |
| Total functional expenses | $114,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,481 |
| Savings and temporary cash investments | $235,596 |
| 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 |
| Net Land, buildings, and equipment | $200,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $568,077 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $568,077 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $568,077 |