Newark Midland Theatre Association
- Assets
- $12.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Newark, OH
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 31-1734034
Organization Overview
Newark Midland Theatre Association is located in Newark, OH. The organization was established in 2001. 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 06/2021, Newark Midland Theatre Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Midland Theatre Association 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, Newark Midland Theatre Association generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $555.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 6 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
OPERATE A RENOVATED HISTORIC THEATRE FOR ARTISTIC AND EDUCATIONAL PERFORMANCES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL EVENTSYELLOW BUS SERIES - ELEMENTARY SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Anderson Executive Director | Officer | 40 | $76,784 |
Gary Baker President | OfficerTrustee | 3 | $0 |
Michael Harris Treasurer | OfficerTrustee | 3 | $0 |
Robert Handelman Vice-President | OfficerTrustee | 3 | $0 |
Ginny Sharkey Secretary | OfficerTrustee | 3 | $0 |
Patrick A Jeffries Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $725,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,876 |
| Total Program Service Revenue | $50,114 |
| Investment income | $197,966 |
| 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 | $1,082 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,158,610 |
| 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. | $73,384 |
| Compensation of current officers, directors, key employees. | $7,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,853 |
| Payroll taxes | $16,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,004 |
| Office expenses | $38,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,227 |
| 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 | $23,377 |
| All other expenses | $33,674 |
| Total functional expenses | $555,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,601 |
| Savings and temporary cash investments | $298,634 |
| 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 | $1,080 |
| Prepaid expenses and deferred charges | $65,301 |
| Net Land, buildings, and equipment | $8,664,689 |
| Investments—publicly traded securities | $3,458,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,945,584 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $104,272 |
| 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 | $449,087 |
| Total liabilities | $553,359 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $12,392,225 |
| Total liabilities and net assets/fund balances | $12,945,584 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Newark Midland Theatre Association has recieved totaling $147,802.
| Awarding Organization | Amount |
|---|---|
Licking County Foundation Newark, OH PURPOSE: LC CARES ACT NONPROFIT RELIEF GRANT | $40,000 |
Licking County Foundation Newark, OH PURPOSE: LICKING COUNTY CARES ACT NONPROFIT RELIEF FUND GRANT | $40,000 |
Licking County Foundation Newark, OH PURPOSE: MULTI-YEAR GRANT, YEAR THREE | $30,000 |
Denison University Granville, OH PURPOSE: 2021 IT'S SHOWTIME CAMPAIGN | $25,000 |
Licking County Foundation Newark, OH PURPOSE: THE MIDLAND THEATRES ITS SHOWTIME COMPREHENSIVE CAMPAIGN FOR CAPITAL IMPROVEMENTS | $12,550 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Theatre Foundation Saginaw, MI | $0 | $1,856,811 |
Cincinnati Playhouse In The Park Cincinnati, OH | $58,282,641 | $17,194,907 |
Cleveland Play House Cleveland, OH | $14,846,065 | $7,810,747 |
Pittsburgh Public Theater Corporation Pittsburgh, PA | $13,504,730 | $6,047,116 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Walnut Street Theatre Corp Philadelphia, PA | $35,930,137 | $7,380,897 |
Arden Theatre Company Philadelphia, PA | $14,483,355 | $5,191,205 |
Indiana Repertory Theatre Inc Indianapolis, IN | $37,888,080 | $6,579,183 |
Childrens Theatre Of Cincinnati Cincinnati, OH | $17,028,934 | $8,914,508 |
Peoples Light & Theatre Co Malvern, PA | $24,049,408 | $2,648,575 |
Great Lakes Theater Festival Inc Cleveland, OH | $6,916,721 | $4,972,488 |
Society Hill Playhouse Center For The Performing Arts Inc Philadelphia, PA | $0 | -$3,636 |