The Matthews Opera House And Arts Center
- Assets
- $572.4k
- Revenue
- $276.4k
- Investments
- $0.0
- Employees
- 12
- Location
- Spearfish, SD
- Founding
- 10/1989
- Data as of
- 07/2020
- EIN
- 36-3652212
Organization Overview
The Matthews Opera House And Arts Center is located in Spearfish, SD. The organization was established in 1989. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2020, Matthews Opera House And Arts Center employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 07/2020, Matthews Opera House And Arts Center generated $276.4k 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 (6.7%) each year. All expenses for the organization totaled $336.4k during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (4.5%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, PRESENT AND EDUCATE CONSTITUENCY OF SPEARFISH AND SURROUNDING AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES ARTS IN THE SPEARFISH AREA BY PRESENTING PROGRAMS TO EDUCATE AS WELL AS ENTERTAIN. HISTORICAL PRESERVATION AND RENOVATION OF THE HISTORICAL FACILITY IS AN ONGOING PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Bakeberg President | OfficerTrustee | 1 | $0 |
Bailey Sadowsky Vice Preside | OfficerTrustee | 1 | $0 |
Sara Pesek Secretary | OfficerTrustee | 1 | $0 |
Joanna Mechaley Treasurer | OfficerTrustee | 1 | $0 |
Julie Walkins Director | Trustee | 1 | $0 |
Amy Ruff Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,727 |
| Investment income | $281 |
| 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 | -$483 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,400 |
| 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 | $126,856 |
| 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 | $9,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,133 |
| Advertising and promotion | $33,618 |
| Office expenses | $15,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,644 |
| Travel | $6,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,234 |
| Interest | $261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,178 |
| Insurance | $8,207 |
| All other expenses | $0 |
| Total functional expenses | $336,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,889 |
| Savings and temporary cash investments | $13,407 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,095 |
| Total assets | $572,414 |
| Accounts payable and accrued expenses | $4,509 |
| 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 | $39,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,981 |
| 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 | $528,433 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Matthews Opera House And Arts Center has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
South Dakota Community Foundation Pierre, SD PURPOSE: Community welfare | $17,500 |
Arts Midwest Minneapolis, MN PURPOSE: Big Read | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ordway Center For The Performing Arts Saint Paul, MN | $77,119,600 | $16,303,900 |
Producers Live Stock Cr Corp Omaha, NE | $173,456,225 | $8,370,994 |
Minnesota Shubert Center For Dance And Music Minneapolis, MN | $20,722,457 | $3,381,185 |
Fonner Park Exposition And Events Center Inc Grand Island, NE | $4,591,230 | $2,563,842 |
Pangea World Theater Minneapolis, MN | $2,211,134 | $1,815,500 |
Emerson Cultural Center Inc Bozeman, MT | $4,283,388 | $1,146,659 |
Wyo Theatre Inc Sheridan, WY | $4,007,156 | $771,766 |
Firehouse Performing Arts Center Minneapolis, MN | $92,114 | $711,327 |
Friends Of Lied Lincoln, NE | $698,063 | $774,315 |
Butte Center For The Performing Arts Inc Butte, MT | $2,367,423 | $456,377 |
Fairmont Opera House Inc Fairmont, MN | $2,168,293 | $360,377 |
Nebraska Writers Collective Omaha, NE | $148,542 | $489,660 |