Magical Theatre Company
- Assets
- $2.9m
- Revenue
- $546.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Barberton, OH
- Founding
- 02/1977
- Data as of
- 06/2021
- EIN
- 34-1196629
Organization Overview
Magical Theatre Company is located in Barberton, OH. The organization was established in 1977. 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, Magical Theatre Company employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magical Theatre Company 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, Magical Theatre Company generated $546.8k 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 (20.9%) each year. All expenses for the organization totaled $317.2k during the year ending 06/2021. 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
EDUCATION THE THEATRE IS A NOT-FOR-PROFIT, RESIDENT AND TOURING EDUCATIONAL AND ENTERTAINMENT RESOURCE FOR YOUNG AUDIENCES AND FAMILIES. WE PROVIDE ENHANCED LEARNING, GROWTH AND CIVIC
Describe the Organization's Program Activity:
LIVE THEATRE ENTERTAINMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Papp Bd President | Officer | 1 | $0 |
Catherine Bulgrin Vice President | Officer | 0 | $0 |
Donald Baker Secretary-Treasurer | Officer | 1 | $0 |
Martha Bidlingmyer Bd Member | Trustee | 1 | $0 |
Edward Flanagan Bd Member | Trustee | 0 | $0 |
Louis Sukie Bd Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,304 |
| Investment income | $7,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $291 |
| Net Income from Fundraising Events | $15,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,834 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,674 |
| Pension plan accruals and contributions | $3,074 |
| Other employee benefits | $12,220 |
| Payroll taxes | $12,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,529 |
| Fees for services: Other | $200 |
| Advertising and promotion | $0 |
| Office expenses | $7,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,692 |
| 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 | $58,705 |
| Insurance | $18,267 |
| All other expenses | $0 |
| Total functional expenses | $317,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $765,803 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,580 |
| 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 | $17,544 |
| Investments—publicly traded securities | $373,856 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,918,291 |
| Accounts payable and accrued expenses | $15,680 |
| Grants payable | $0 |
| Deferred revenue | $89,795 |
| 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 | $37,627 |
| Other liabilities | $0 |
| Total liabilities | $143,102 |
| 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 | $2,775,189 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magical Theatre Company has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
F W Albrecht Family Foundation Akron, OH PURPOSE: COMMUNITY SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $469,234 |
| Ending Balance | $469,234 |
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 |