Stranahan Theater Trust
- Assets
- $8.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 08/1963
- Data as of
- 08/2021
- EIN
- 34-6560639
Organization Overview
Stranahan Theater Trust is located in Toledo, OH. The organization was established in 1963. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Stranahan Theater Trust 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 08/2021, Stranahan Theater Trust generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $1.9m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STRANAHAN THEATER TRUST WAS CREATED AS A NONPROFIT ORGANIZATION FOR THE PURPOSE OF MAINTAINING AND OPERATING THE STRANAHAN THEATER AND GREAT HALL. ITS ACTIVITIES INCLUDE THE RENTAL OF THE THEATER, GREAT HALL, AND TICKET OFFICE, AND THE RELATED CONCESSIONS FOR PUBLIC AND COMMERCIAL USE. ALL INCOME RECEIVED IN CONNECTION WITH DIRECT CHARITABLE ACTIVITIES IS REPORTED IN PART I, LINE 11. ALL OTHER INCOME CONSISTS OF INTEREST AND CAPITAL GAINS WHICH ARE TAXED AS NET INVESTMENT INCOME. THE THEATER WAS RE-DEDICATED IN NOVEMBER, 1994 AND IS NOW DOING BUSINESS AS "STRANAHAN THEATER AND GREAT HALL."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Stephen Hyman Executive Director | 40 | $136,231 | |
Gabriel M Miron Facilities Manager | 40 | $63,461 | |
Laura M Contos Finance Manager | 40 | $62,307 | |
Cheryl L Byrne Box Office Manager | 40 | $60,081 | |
Sarah Beavers Marketing Manager | 40 | $51,809 | |
Eloise Lopez Exec. Assistant | 40 | $48,853 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,206,195 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $600,718 |
| Total Revenue | $1,825,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $140,318 |
| Other employee salaries and wages | $560,116 |
| Pension plans, employee benefits | $191,025 |
| Interest | $11,527 |
| Taxes | $72,576 |
| Depreciation | $398,286 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $88 |
| Printing and publications | $0 |
| Other expenses | $466,164 |
| Total operating and administrative expenses | $1,923,145 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,923,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,912,921 |
| Net Accounts receivable | $223,598 |
| Net Pledges Receivable | $0 |
| Grants receivable | $59,894 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $17,647 |
| Prepaid expenses and deferred charges | $30,644 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,393,359 |
| Other assets | $19,000 |
| Total assets | $8,657,063 |
| Accounts payable and accrued expenses | $310,550 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $688,605 |
| Other liabilities | $5,260,351 |
| Total liabilities | $6,259,506 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stranahan Theater Trust has recieved totaling $396,362.
| Awarding Organization | Amount |
|---|---|
Toledo Community Foundation Toledo, OH PURPOSE: ANNUAL DISTRIBUTION, LAND, KITCHEN ROOF, AND COMPUTERS | $384,362 |
Premier Bank Foundation Canfield, OH PURPOSE: SPONSORSHIP | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Institute Of Fine Arts Cincinnati, OH | $143,710,134 | $18,167,716 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Gretchen C Valade Endownment For The Arts Grosse Pointe Farms, MI | $243,795 | $701,832 |
Stranahan Theater Trust Toledo, OH | $8,657,063 | $1,825,495 |
Holland Community Aquatic Center Foundation Saugatuck, MI | $987,560 | $1,564,696 |
Philadelphia Cultural Fund Inc Philadelphia, PA | $194,550 | $1,278,314 |
Cultural Alliance Of York County York, PA | $3,774,226 | $1,373,230 |
Urban Sight Inc Perrysburg, OH | $141,593 | $884,230 |
Foundation For The Flint Cultural Center Flint, MI | $38,034,949 | $6,392,203 |
Playhouse Artists New Hope, PA | $80,520 | $752,591 |
Monument Legacy Inc Carmel, IN | $4,006,902 | $508,574 |