Newark Midland Theatre Association
- Assets
- $13.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Newark, OH
- Founding
- 04/2001
- Data as of
- 06/2022
- 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 06/2022, Newark Midland Theatre Association employed 10 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 06/2022, Newark Midland Theatre Association generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
OPERATE A RENOVATED HISTORIC THEATRE FOR ARTISTIC AND EDUCATIONAL PERFORMANCES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL AND CIVIC EVENTSYELLOW BUS SERIES - ELEMENTARY SCHOOL STUDENTSMUSICAL PERFORMANCESMOVIES SERIESEDUCATIONAL PRESENTATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Baker Past President | OfficerTrustee | 3 | $0 |
Kent Dubbe Secretary | OfficerTrustee | 1 | $0 |
Robert Handelman President | OfficerTrustee | 5 | $0 |
Michael Harris Treasurer | OfficerTrustee | 3 | $0 |
Joe Moore Director | Trustee | 1 | $0 |
Mike Schmidt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $789,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,937 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,269,002 |
| Total Program Service Revenue | $1,089,062 |
| Investment income | $213,270 |
| 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 | $24,784 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,596,118 |
| 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. | $83,710 |
| Compensation of current officers, directors, key employees. | $8,371 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,513 |
| Pension plan accruals and contributions | $3,788 |
| Other employee benefits | $3,017 |
| Payroll taxes | $22,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,673 |
| Office expenses | $39,698 |
| Information technology | $7,684 |
| Royalties | $0 |
| Occupancy | $90,884 |
| Travel | $16 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,340 |
| All other expenses | $58,585 |
| Total functional expenses | $1,620,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,282 |
| Savings and temporary cash investments | $1,191,893 |
| 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 | $1,004 |
| Prepaid expenses and deferred charges | $42,536 |
| Net Land, buildings, and equipment | $8,699,209 |
| Investments—publicly traded securities | $3,509,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,569,203 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $136,335 |
| 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 | $143,442 |
| Total liabilities | $279,777 |
| 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 | $13,289,426 |
| Total liabilities and net assets/fund balances | $13,569,203 |