Des Moines Social Club
- Assets
- $6.2m
- Revenue
- $304.9k
- Investments
- $83.3k
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 32-0225243
Organization Overview
Des Moines Social Club is located in Des Moines, IA. The organization was established in 2008. 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. Des Moines Social Club 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 12/2021, Des Moines Social Club generated $304.9k 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 (27.2%) each year. All expenses for the organization totaled $455.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PHYSICAL LOCATION FOR GREATER DES MOINES RESIDENTS TO PURSUE THEIR ARTISTIC PASSIONS.
Describe the Organization's Program Activity:
THE DES MOINES SOCIAL CLUB PROVIDES AN OPEN AND INCLUSIVE VENUE THAT CREATES UNPRECEDENTED ENGAGEMENT THROUGH THE ARTS. THE ORGANIZATION WORKS TO SUPPORT THE DEVELOPMENT OF THE CREATIVE CLASS IN CENTRAL IOWA BY OFFERING SOCIAL EVENTS INCLUDING THOUGHT-PROVOKING THEATER, POP-UP ART GALLERIES, ENTERTAINING TRIVIA COMPETITIONS, COOKING CLASSES, AND DRAMA COURSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Byers Vice Chair | OfficerTrustee | 1 | $0 |
Rob Feeney Chairman | OfficerTrustee | 1 | $0 |
Joe Gonzalez Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Kristi Knous Director | Trustee | 1 | $0 |
Beau Kenyon Director | Trustee | 1 | $0 |
Paul Rottenberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $344,400 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,940 |
| Total Program Service Revenue | $9,042 |
| Investment income | $3,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$51,904 |
| Net Gain/Loss on Asset Sales | -$265 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,881 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,391 |
| Advertising and promotion | $0 |
| Office expenses | $6,173 |
| Information technology | $3,673 |
| Royalties | $0 |
| Occupancy | $298,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,615 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,834 |
| Insurance | $14,509 |
| All other expenses | $0 |
| Total functional expenses | $455,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,438 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,300,464 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $565,898 |
| Investments—publicly traded securities | $143,759 |
| Investments—other securities | $83,300 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,227,232 |
| Accounts payable and accrued expenses | $64,932 |
| 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 | $1,618,315 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,683,247 |
| Net assets without donor restrictions | $4,400,226 |
| Net assets with donor restrictions | $143,759 |
| 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 | $6,227,232 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Des Moines Social Club has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Endowment Analysis
| Beg. Balance | $124,374 |
| Earnings | $20,063 |
| Admin Expense | $677 |
| Ending Balance | $143,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Theatre Foundation Minneapolis, MN | $150,141,249 | $18,685,485 |
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Chicago Theatre Group Inc Chicago, IL | $67,225,016 | $13,268,580 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
Chicago Shakespeare Theater Chicago, IL | $57,017,216 | $17,200,053 |
Steppenwolf Theater Co Chicago, IL | $121,972,303 | $10,370,800 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Hennepin Theatre Tr Minneapolis, MN | $22,588,604 | $4,825,873 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |